a big chunk of tuneins cash has been invested to financial related product rather than putting in the fixed deposit account according to the latest audited account. It's understandable tuneins wanted to make full use of the cash balances and maximize the profit. Somehow some of the investors maybe doubted about that compare to the steadiness of fixed deposit. This could be one of the reason but I still look it very positively.

A matter of fact:
tuneins was rm1.55-1.61 in dec and you said it's a risky biz but then it shoot to rm2 in feb.
So lets see what happens next :)

Tuneins is worth at least 2.3 for me due the fact that:
1) Zero Debt
2) Low management expenses - mere approx. 15% of operating revenue
3) Cash equivalent approx. 400m
4) Assured 70m net profit every year on top of the abundant cash.

I love how financially efficient it is and all above are the fundamentals assuming its business portfolio didn't grow. Indirectly saying whenever they are engaged to new insurance partner, it excerpt extra value.

PE 55 now so apparently overvalued somehow people still believing it will shoot further. So expect PE to be 60,70 or 100?

just saying, from my understanding there's a difference between Iris and Myeg contract. Iris is providing electronic solution to government for the passport renewal/mycard, that is a lump sum payment in a certain period of time, and it was tendered through proper procedure with competitors. So Iris contract could be changed by government. Myeg is somehow forcefully appointed by government and they are taking money for "extra" charges from the people, yet without proper tender procedure.Correct me if I am wrong.

http://myeg.listedcompany.com/directors.html
apparently most of the board of directors related very much to UMNO, read the background. so you say

*cough* hi everyone, I just wonder didn't this monopoly-agreement assigned to myeg against antitrust law that enacted in 2011? Since it is a private company, just like what happened to airasia and mas last year been fined by government..

Yup just sharing the opinion anyway :) everyone bear their own risk at the end of the day.

That's why a problem when people is unfamiliar how the business is working. They dump it when it has "no growth" or "assumption of big paying out" by ignoring the solid fundamental. Tuneins has a very unique business model, other than core insurance business they are earning around 20m investment profit a year. It is a business of leveraging, it could be safer than what you think of it.

People is uncertain and getting crazy to dump it . Yes they seems having slow growth but at the least still gaining estimated 70m net profit last year with 355m cash in hand with zero debt. Worth at least rm2 with health fundamental but not this crazy rm1.50+. Great time to collect with no fear.