A party solely of Islamic background will not be good for Malaysia...

Ifca has always been subject to "Buy on Rumours and Sell on News".....

P365 represent itself as E commerce substitute and I believe is a good product but it has to prove itself ...Share Buyback is good if it is used as defensive organism ...

Bilis Bilis is right...all the news are out...price may be flat or likely to be downwards as traders have to decide whether to take up or flee...Next phase is Q3 results...can it sustain Q2 performance...amidst bad weather is all the market IFCA is operating from...

I think trading is out for the moment as there is no new catalyst in sight.
Me I am sitting on cash and waiting for fair weather...yes I am still very bullish on IFCA...

@ Posted by ACADI > Jul 2, 2015 03:18 AM | Report Abuse

My opinion....???Ifca's price will have to exceed/stop at 1.37,,If it does... next price level will be 1.42 .....+-..Strategy for IFCA play....sell at the 100 to 200 day average..then just wait or trade!!!!

My opinion is that IFCAS' shares are more or less cornered...If you are a TRADER .TAKE THAT AS THE FUNDAMENTAL POSITION... iF YOU ARE ABLE TO CATCH THE HIGH N SELL LOWER...THE AMOUNT OF RETURN IS


ACADI
92 posts
Posted by ACADI > Jul 2, 2015 03:23 AM | Report Abuse

IS BEYOUND THE NORMAL RATE.....Stay on if the price breaks 1.37/ and 1.42... If 1.42 is broken...the nest level will be1.55.....Thereafter only god knows!!!!


ACADI
92 posts
Posted by ACADI > Jul 2, 2015 03:35 AM | Report Abuse

The day of IFCA tradeing at below Rm1:20 is mor or less gone,... To go ling on IFCA.... now at RM1:30 is a must chase........THe syndicate will play the game to RM2:50.... Games like this requires steeel balls...as when the price swing to the extreme and you r on the lossing side....what do you do????????



Acadi....yours is the only smart posting this week...watch the profile of shareholders changing to narrow the free float to maybe 12% as seen in the last few sessions Retailers liquidating because they cannot take the chance or the risks ...and guess who has been buying...yes the funds again..for while retails battled the trading mentality the FUNDS are accumulating because the SaaS Ecommerce thingy is going in full swing...when the company announce a successful launch irrespective of Q3 results the price will fly...at least PE 51X?

Those who believe the business plan should stay...those traders have to rely on their charts for resistance and breakout signs..

Good luck guys..

Idahow...please call RHB ( acquisition financial advisor) and/or call SC to report ( and get reward as whistleblower)...

as long as it is not related party and done at arm's length for the good of ALL shareholders I am not interested...I believe most of the funds managers and analysts have asked about the relationship and answers ( satisfactory to them ) has been given...I think you should SELL if you have any..just to prove that your money is where your mouth is...

For some of us here..we see a raw diamond and we are sticking with it for all the intrinsic and market value potentials...

Do what you have to do...

Posted by ozzie75 > Jun 25, 2015 09:09 AM | Report Abuse

How much and how long does it take to craft a business of PICI scale and market base in Indonesia market?


Like all businesses...it would takes years to make a creditable market presence in a new country...so most acquisitions are done on a willing seller willing buyer basis at a PE that allows both parties to benefit especially where there are partial payment by shares..that is why Apple buys at premium and Alibaba buys rather than create...only if the PE makes sense and they can piggy back on the low PE..

For Indonesian acquisition...I think the DD report will give some clue as to the time cost and resources needed to reinvent the wheel...

we should know at the EGM...no outsider at this point knows...not even AT..

Also the reality of the Indonesian transaction being kept honest would depend on the Due Diligence working Group which I understand comprises of BDO ( financials) and Wong & Partners ( a very reputable law firm)...if all fail we just vote against the acquisition...

Idahow..is a clever and smart..she asked the right questions and uses plausible facts to create possible rumours which cannot be substantiated...Ken Brothers will make a killing if the Indonesian deals go through...get another 32 mio shares to sell ? the risks that they are taking will expose them to criminal prosecution by SC...ask yourselves whether you want another 30 mio ringgits when you have 460 mio and that is growing...The risks is not worth the rewards...

Let me share some of the realities of the matters ;-

1.Yong brothers have to warrant that the transaction is not a related parties...the advisor has to make sure of this and SC would want this in writing..

2. the valuation of the Indon acquisition must be acceptable to SC...must be low PE with the undertaking of the PE being maintained for 3 years...for a creditable acquisition..

3. Due Diligence is continuing..and the Independent directors will have to agree to the transaction..

4. The parties have only signed MOU...the final agreement will be drafted to determine and mitigate the strength and weaknesses found in the DD process..

5. some of the terms in reality to mitigate risks could be:
.....a. the payment could be in instalments including shares ( which could be released gradually).
.....b. the shares could be not tradable until a certain threshold is reached.
.....c. or the value of the purchase may go down if BDO's valuation report cannot establish the asking price..
d. the shares of IFCA could also be calculated from 1.80 for the transaction if valuation is still 32 mil..
e. the Yong Bros and the BOD has to ensure that there is no dilution of earnings when new shares are issued to the Indon parties

6. the acquisition is subject to shareholders approval at an EGM.... a willing buyer and willing seller basis..Please remember that about 36% of shareholders are institutions and be assured that they will not vote with their feet

7. when all are agreed...the management of the Indonesian vehicle will be managed by IFCA and not Musa...ie recruitment, sales force management, training and the whole works...

8. Also I think the Indonesian owner has reached retirement age and wish to exit...in any case there is a non competition and non disclosure clauses in all agreements to prevent such a situation as suggested by Idahow.

the share price is soft yesterday and today..but on low volume..if people are spooked by Idahow..they have already done so at the last few weeks...

happy trading and the market is still full of other risks..take care and watch out for the entries by Syariah funds...

Fitch was kind...could hv been a BBB-....

NOW if we can reach volume of 40m...nxt resistance 1.48 sens....

Itudia....you go run...but since you hv no baton (shares) why run...oh you are that shouter who call "wolf"...pl shout louder...it will close at or above 138..

Selling well absorbed...showed liquid stock..Syariah buyers coming kuat kuat...good entry more institutional...also a factor for approval for MB

Bilis....forgive them bro for they know not what they do...ignore them...the market speaKS for itself...enjoy the peace...

Alpha T...I heard you just ordered a Beemer 3 series ???

Desires. ...seriously you think we know...you decide on the evidence given the past trading days..together with the co's fundamentals...& guess tmrw's sentiments & plunge first thing in morning or test water...haha..you tell me tmrw...

Elbrutus....it gets harder n harder to make decisions when you hv exited...chances are you will buy less too...that is the reality of investment...you are less confident & you only plunge without knowing the depth...anyway good luck bro...

ChiowMin...this is no dead cat bounce...it is a live cat with 9 lives...enjoy the spring..

Alibaba...do hang around Ok...we need you to slam the naysayers...and meanwhile....please don't turn into one...congrats Bro..

Taka...follow Nigel's eps...ppl will not say we pluck from the air....remember SaaS ecommerce can be Rm 120mil conservatively as stated by Ken...& Indon numbers not given but profit guarantee of 12 mil...

It is so satisfying to see the general market accepting the explanation by Ken....the first phase is to catch up to 21X PE....

U guys sleep well...I m still jetlagging. ...

WarrenB. ..hindsight should not buy at 1.80...same thing hindsight should have sold car houses & silang at 40 sens...market has risks and one person's risks/poison is another's blue sky/meat...

There is no more forthcoming good news..this is it..so far selling on news is a trend for Ifca.....nxt week there will be profit takers, T+4, etc., but the sell volume will be absorbed by buying on these press releases..as they reported the stoŕm is over .....SaaS ecommerce is already a potential..ppl who buy nxt week will do for the future value of Ifca.... the general direction is up..even if ppl shout "run" " down"..shouting do not make the market...putting your money where your mouth is will...

So if you hv stocks...sell if you must...doesn't make a difference to this mcounter...it will go up when it wants to...it will u turn when it wants to....it will strike fears too when it wants to...so who do you think drive the price..certainly not me...it is its true market Valuation

Me..I have faith & I believe...&of course I also try to trade with sentiments...no straight line...

Gosh...a one buyer Company...acquired Avitrton...how about its debts,,,what are the liabilities that came with it ??

Ravi...can you please upload the weekly thingy for Swk....He needs to be motivated while taking care of his loved one who suffered from a stroke...Thanks buddy...

Sorry the Weekly hard copy version...

Vito. ..the other article is about the Ace market...this article reprinted N8gel's

Swk...I can't find electonically...but besides the Nigel report...the Edge also described the General Ace market being hit by selldown...Ifca took about 25% of the trade volume...the good comments made is that "it got hit but recovered as against some counters which are still down at a totally new level"..it is a descriptive reporting of the 2 weeks that were..

Sorry about your old folks..

James_owk...scuttlebutt...is quite concise...TQ

That is why the crowd was persuaded by the transformation program...the ecommerce thingy will be a hit..as June comes to a close Ken continue to be confident because Q2 profits is in the bag (report in Sept)... Q3 & Q4 will be all about ecommerce & SaaS...the retail market will respond one way or the other on the application of ecommerce to buy properties...

Ken knew he "cocked" it up in misting Phillip Voo departure..he cannot prevent him leaving but he could have asked him to stay another month or so..this cost him personally a market cap of 140 mil...& the personal abuse by Ms Ong ( undeserved).

Ifca will go forward Q by Q...price will chug along positively up ...but we have to look out for spooks...but I believe for this round the retail involvement is reduced greatly & shareholders profile is now medium terms (one year)....

think about it...Edge repeated Nigel's article twice ???

Skng74...I managed to get this on the Edge Website...

IFCA fundamentals strong despite steep drop in share price

By CIMB Research / The Edge Financial Daily | June 18, 2015 : 10:51 AM MYT
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IFCA MSC Bhd ( Financial Dashboard)
(June 17, RM1.06)
Maintain add with an unchanged target price of RM2.04: IFCA’s share price has halved over the past month. One of the likely reasons for the steep fall is the resignation of its chief financial officer Philip Voon at end-May, just after the company announced the proposed acquisition of its Indonesian distributor PT IFCA Consulting Indonesia for RM32 million via RM16 million cash and RM16 million in IFCA shares.

At end-May, we organised a conference call with management to clarify this matter. At the conference call, Voon said he was leaving IFCA to pursue another career and there was no disagreement with management on the company’s financials or financial results. He stressed that there were no accounting irregularities in IFCA’s financial statements.

We think that the worst is over for IFCA’s share price after the sharp decline over the past month. The company’s fundamentals remain strong. While first quarter of financial year 2015 (1QFY15) revenue and profit were driven by the goods and services tax software upgrades, earnings over the next few quarters will be driven by China, domestic customers’ migration from Windows to mobile-based platforms and service as a software (SaaS). In 2016, IFCA should see higher contribution from Indonesia.

In May, IFCA launched SaaS, which basically involves the renting of software. SaaS is a growing trend worldwide and we expect this trend to pick up quickly in Malaysia. We are only factoring in an average of 50 new subscriptions every month this year, rising to an average of 300 in 2016.

The monthly subscription fee is around RM5,000. Indonesia also offers great potential as 80% of developers in that country use IFCA’s software. Still on the Windows-based platform, there is a huge potential from their move to a mobile-based platform and adoption of SaaS. We have not assumed any potential earnings from Indonesia.

The recent selldown offers investors a great opportunity to accumulate the stock which is trading at only 9.1 times FY16 price-earnings ratio. — CIMB Research, June 16

IFCA_180615_fd_theedgemarkets

This article first appeared in The Edge Financial Daily, on June 18, 2015.

Alex888. ..think through it...Bursa listing regulations do not allow market making...such an announcement would be bad for ifca n Ken...

You check annual report & make checks from cds (pay first) through Co Secretary..

Skng74...ya go Q by Q..

Decide base on your risk apetite...2.04 is target..

Go enjoy the wave...we want you to profit from Ken's hard works..I want too!!!

I.e the storm is over ...honky dori all the way ..I hope

skng74...I hv the hard copy...basically related to Ace market & selected Ifca as stock that drove the volumes in Ace...the fall & improved price as compared to others that hv not go back up...Nigel's opinion n the TP of 2.04..
Also in Pg 52...highlighted Philip Voo's confirmation that there were no accounting irregularities & no disagreement with Management..that the stock now is trading at PE of 9.1 on FY16 earnings...it is from an extract of Nigel's recommendation to ADD ..TP at 2.04...

Jpl-G....EPF...bought @ 0.xxx....I don't know..only the manager/brokers do...how much profits they are making is not important..of more importance is it is for the medium terms..they must hv accepted the logics given by their fund mgrs/ analysts...

Russell...at the AGM did u not noticed how enthralled the professionals were with the SaaS ecommerce program...nobody challenged that that move to cloud based apps at zero costs to developers would not bring the fishes in...they question only the softness of the prop market...ppl will still be building houses..

Alex888...I don't look at it that way...I feel sorry that it took several hundred millions of trading to bring the price to 1.87 & it took less that 250mil to bring it to 80 sens...n 105 mil to move 17 sens to 1.06 on Tues...& another 80 mil to 125 sens. ..it is always hard getting back but this time with the exit of many weak retails the getting forward will be steady...6-10 sens per day....even old retails who sold all would not journey on the same holdings they used to have when they bought at 60sens..Ms Ong included..

Read the weekend Edge Pg 48 & 52...then some of u who attended the AGM will agree with me that nxt week will be good...Huat ah!!!

Oh ya...not all solution or tech companies are great...you pick the one you think will be successful & hv financial clouds and ride with it...good luck my fren..

Apini. ..to each his poison...you decide on the trend...but believe me trend won't come as easy as Tues when 105 mil shares yielded 16 sens gain...when decision making was just gut feel...

see my earlier post...if foreign fund hold 12.8% & local funds hv 25%...the free float is about 16%....roughly 80-90 mil shares...with loyal investors holding 5%...the supply will dry up soon ...prices will then move up quickly. ..I m predicting a robust next week..

Will funds sell down & flood us??
Funds are unlikely to sell down at low entry costs as they are looking at the scalable revenues from SaaS ecommerce. ...I believe they will be looking at Rm2.00 profit margin & will hold for 2-3 years...this also help to make this counter one of the best investment opportunities...no debts, lots of cash flow, scalable revenues & strong profit growth...

Ken ( at the AGM lunch) BELIEVES revenues may be Rm120m or more...this is his Transformation plan for IFCA

Remember in investing do Decide what your risk apetite is and go with that flow...don't buy beyond what you cannot afford..

Decision making is not easy...especially with naysayers around...good luck..

Sorry Good reporting CrossSymbol...

Solidcross...good job..

impairment loss is likely from Sabah operations where customers has been wound up ..also forex revenues from Franchise Fees from International partners are priced in USD...( CFO alluded that there should be some forex gains...but not significant to affect financials)....

Generally the shareholders thought the Company was well managed and the future revenues not relying on GST but on the Transformation Program (SaaS Ecommerce) will be robust..I think the market is reading the same way today...

2 things not build into the price today is how SaaS Ecommerce will drive revenue...wait for Nigel..

The other is..the numbers we can get out of indonesia...as it is currently under DD..

MB is underway because Ken is not taking things for granted...IFCA has qualified only timing is decided by financial advisor..

Ms Ong was a comic relief...

Ken said that the funds only sold down 2.5% as at 12.6.15 statistics...meaning the most of the 4 days panic sales were all retails...

our conclusion has to be that if the funds are still in...then it is the retails who spooked and sold...so the holding should now be roughly:

1. Ken + associates.....46%
2. Institutional Funds......................25% (EPF has 9 mil shares..so far no Syariah funds)
3.Retails......................29%..


Free float from 2 & 3 would be roughly give and take 15-20%...( roughly 20% from Funds and 40% from Retails) .....prices would be more stable from henceforth...

Do what you need to do...maybe ADD before Nigel makes his new call...Huat again lah??

Seriously..for tis AGM..I would want him to put in place a share buyback program to catch naughty syndicates...

Ozzie...increase rate means strong USD. ..relatively reversing what they want China to do...

Indon details cannot be available..surely you know that they wud hv a non diclosure non competitive clause in place while performing DD...

Will try to post 8f anything new...

ktrader...to reach 120 sens...need volume to be at least 25 mil...

that's why it took almost 5 months for IFCA to reach 180 and 4 days to get back to 80 sens..

Now everybody is happy....except the detractors...

don't blame Ken...when the 1MDB hit a high seismic signal ...the foreign funds spooked and with it came IFCA prices ( despite a great Q1 and new business transformation plan called SaaS)...taking advantage of the situation, blaming the syndicates...spread rumours of the CFO and cooked accounts...resulting in dumping and further downward spiral of the share prices....
if this did not happened the price would have touched 200 sens...but then what ? )drop like lead when there is no plan to prop the share price up..


Now with clarification from IFCA ( perhaps they should have done this when the first rumours occurred whereby many retails would not have been hurt)...the price is now stable and we await the AGM and the plan forward....and maybe 200 sens

I believe that the foreign funds who like tech stocks will be back now that ringgit is locked at 3.8 level against the USD...

Fundamentals is what it's about in the stock pick...you waltz through the ups and downs and reach each milestone with a smiles...unfortunately during your dance you have detractors like in this forum who have monosyllable comments discouraged and confused some investors with funny comments which cannot be substantiated...

there is talk of a dead cat bounce from the 80 sens level from Tuesday...is it ?

I think it is a new transformation of IFCA ...gradual approach to each catalyst milestones and ....you will not likely to see 80 sens or even 90 sens again...

anyway it does matter if it doesn't reach 200 sens this year but reach it eventually...the mainstay is a business plan that works and a transformation that expand its revenue and markets...go global Ken....IFCA ken (can)...

We would now tomorrow at the AGM...


Ozzie...I will be there...

shazza...dead cat bounce..implies that even a cat which is dead can still bounce it thrown from any height...it means a"thud"...no real momentum....

@ LordJDHighest
un 15, 2015 11:24 PM | Report Abuse

"I would like you guys to think carefully

1) IFCA's business for now is non-GST related, with RM31m order book, that is about 1.3x of a quarter's revenue without reccuring income
2) Recurring income from maintenance at 20% now, soon adding more Software as a Service - boosting recurring
3) IFCA opened up 2 branches in Malaysia, Kuantan and Ipoh this year - sales to increase?
(iv) IFCA opened additional 8 offices in China, with a total now 17 offices in China - when they started expanding in 2012 & 2013, it actually generated fruits after 6 months, you could see why China actually growth superbly after 2012
(v) IFCA is making acquisition in Indonesia - they are already using SAAS, IFCA could upsell their current property software to Indonesia market - If IFCA could earn RM40m in Malaysia, why IFCA could not generate at least RM20m annually in Indonesia? think
(v) IFCA is going to main board after Q2 2015 in August - this would open up more funds to come in and buy
(vi) IFCA serves most of the main property developers in big markets, China - Wanda/R&F, Japan - Mitsui Futosan, Singapore - Capitaland, Indonesia - Wijaya Karya, Malaysia- SPSETIA/Ecoworld, this is a good brand with so much presence in all these countries and there are immerse potential for brand companies. FYI, warren buffet likes brand companies with market dominance, IFCA just suits the profile
(vii) IFCA still has alot of clients that have not employed its latest cloud based solutions, and they are coming up with 7 modules of SAAS, this would take sometime for clients to accept, but cheaper, why not right?

Weakness:
(i) High foreign shareholding - approx 10% as at Annual report
(ii) ACE market - not much local institution could support
(iii) Bad technical charts

Despite all these, I can only see a greater IFCA in the future, if you are punter, do not consider IFCA, DO NOT MARGIN. Future is going to be better for IFCA, just ask yourself whether it justified a drop from RM1.87 to nearly RM0.87 within 3 weeks? This is not K1, they just generated highest quarter profit ever, >50% drop makes sense? Not to me, I am seriously thinking to buy and invest this stock tomorrow, P/E had just decreased to only 9X 2016 P/E. That is ridiculous for a scalable business with so much potential coming, you would not want to wait until they reach mainboard only collect, then they will probably increase multifolds like INARi. I had missed IFCA big time for not riding it, but this is my time to collect from panic sellers, join me if you want someone to follow to buy with you

Stay strong IFCA holders, sorry to say I could easily buy much cheaper than you guys now"


Hey man I like your post ..it is like saying "Ultimately,stock performance depends on fundamentals of earnings and valuations"....not by people who speaks evil and have no compassions...

Buying at this price is your luck and karma...I have no problem...hope you caught the 80+ lots...

I am sure many who followed this forum were hit by their timing of purchase and have to run on the last 4 days....I think you should attend the AGM and ask Ken why the counter acted this way..so many rumours ...any truth in them at all....

Hahaha....I just heard another stupid assertion by syndicate led probably by Optixxxxx....

It said Ex CFO reported cooked accounts by Ifca....seriously if this is any iota near the truth would he sign the accounts....and wouldn't the AGM to approve the accounts be postponed for investigation....this is irresponsible rumour mongering which will hurt small retails....

Some also talked about Chinese projects ...even the posting on star by newbie001 were nothing....CFO resigned has no relevance to the price adjustment.....

Last week' phenomenal drop was because of 1MDB (political) which led to foreign funds selling down mitigating currency risks...ya ringgits fell....

I believe this round the funds will make the most monies because they were buying on Thursday & Friday....those poor SODs who panicked will be hurt....

Those who are not sure what to do on Monday...
Unless it is a margin call nobody can help you....but if you are already down by 30 sens...I reckon you can brave the storm on Monday if you bought with cash...you may consider holding and not to sell.....the rumours are faked....AGM is 4 days away and the accounts is good and Q1 profits is realised & Q2 is going to be good...MB is on the way with SAAS & ECommerce...but if you want to sell for some other reasons do go ahead for your priority is important..

Don't listen to rumours jus t follow the initial reason you chose to buy Ifca ...for its fundamentals.& potentials.....for me I am not selling fto defend a 10 sens profits...If the support level is indeed Rm 1.00....I still believe in fundamentals.....remember rumours feed on rumours...some people want to profit from rumours mongering...

Do what you think you believe is right for yourself.....

OptiXxxx.....I am on Mediterranean cruise eating caviar.....your kind sympathy is noted.....fundamentals cannot overcome sentiments....when ALL foreign funds dump you would expect the ship to list..but where the fundamentals are strong..the ship will balanced and set a new course......

40% in a week is devastating ... But I see business as usual for Ifca...good Q2, MB & more acquisitions...this round belongs to good traders...even Chartists....

I also see cut in my profits but if you are long term ...what are little hiccups ....

Similar instances happened during the oil crisis...& there was a strong bounce back....especially for a company with strong fundamentals..

So all detractors...don't mourne for me....if you have not even bought & sold Ifca ...up or down...you are a cockroach ... Alpha Ozzie & I will ignore you....also while making fun at Ifca investors do respect those who lost because they timed the investments wrongly..have some sympathy..they are in a state of stress...

Alpha Trader...you are right
..Ken bought some more & also lost the most ...The fxxking foreign funds took all the $$$$$ out of the country....sad case lah...

Lessons for Ken Yong...anybody here who knows him pl deliver this message to him...


1.Foreign institutions are not your best investors esp if you are small;
They sell at the slightest excuses & 1-2 million profits is nothing to them..so Ken pl cultivate local funds..

2. For heaven sake get your timelines correct....hhaving the CFO resigned the day after a fantastic Q1 & using SaaS to penetrative a new bigger market is a no no.....the result is IFCA lost 300 capitalisation & is not a billion ringgit co..because market sentiments vanished

Having said that I believe in you Ken...I saw the bloodbath on Fri & the repairs done..I thought it was time to go away & have a stress free hols..Ken you hv to rebuild confidence again...

Be wise & don't repeat mistakes...get your address to the shareholders correct for the June AGM...

To my young & old brothers & sisters in Ifca..look at Ifca as a long haul investors & like me you won't be wrong....just ignore those who make noise because they lack funds to stay on one real good counters....

For trading there are many gurus & chartists herein this forum for real advice there is only one...he is Alpha Trader

Bilis..
The fact is no fortune teller(ss) can talk the market down or up...from what we can see it is the market sentiments..If everybody lean to one side even an aircraft carrier can tilt (list) to dangerously sink...yesterday we saw profit margins narrow for even Kenneth and ozzie
.panic losses by late believers..& even contra players..

Let it be known that your apetite for risks determine your entry not me Bilis or Alpha...

M going away again..good luck folks...see u at the AGM..

Ozzie...I did not phone in...I don't know if my name is on the operator's list....but you should know how honest & genuine Ken is..he would have the CFO in the conference call too...The accounts are clean & the indon acquisition is at arm's length & RHB is instructed to make full disclosure on the 8 don acquisition & BDO to make willing buyer seller and MacKenzie for a tight Sale purchase agreement ( only buy the assets) & a tight profit guarantee from PCIC Sellers....Funds are professionals ..tthey can tell the difference....

The fact after the conference there is no sell down ..mmeans tmrw price will be past 160...no nightmares but sweet dreams but first let's get to the AGM...The nxt catalyst

Taka...you are right ..it is crap..

PN 17 ...for a debtless company making profits..hahaha.

In this Forum...you can differentiate the calm investors and out to make a quick ringgit traders...Alpha T...has all the facts and logics...

1. The CFO signed off the Q1 and 2014 Annual Audited Accounts...this authenticate the validity and its' correctness.
2. At 1.60 after the Bloomberg report ...there is no reason not to buy..as Q1 arrives and the expected Indon acquisition.
3. The CFO resignation was badly timed...I was told that one month notice was given ( probational notice) and it fell on the Q1 day and as people were busy, nobody looked at the time line..I am sure CFO would have agreed to stay another 2 weeks if requested (and as Andrew Wong found out...he is still there helping and handing over).


As an investor, we ask what we want from Ken....in fact I asked him that question at the analyst briefing...especially when he is locked in with all the capital gain and cannot sell any shares, ...

"Ken, What do you want ? is it a fast moving share price or a strong healthy growing company ? What is your near term wish for the price of IFCA to be ...RM3.00?"

He said..."all this price increase does me no good other than to increase the value of the IFCA currency to do more acquisition at lower PE and to grow into a stronger company... some shareholders want price to rise everyday...this give me great stress...I rather the company grow quarterly in strength and let the market decide how to price it...I am committed to extend market share and regional expansion in a growing and bigger market like Indonesia is my next step...SaaS has my full commitment and my sale team are already working on this renting concept...some investors may not be patient...so I am sorry that they will liquidate IFCA holdings...but I have no fear there are new investors talking to me all the time..."

Ozzie....has the coolest head here...up or down...he has an exit plan too...not now right Ozzie?