IFCA and PRIVA are related definitely , otherwise you think why this share moved lately ? Can buy now while is still cheap, Don't wait until like IFCA, regret also no point.
Why bother about other counters. Is Priva making money, better than SYSTEC? Look @ financials. Might get an answer. Good volume today, how about the past week? Don,t compare with IFCA (I am invested over there), look at this company itself. 0.24-0.30 reasonable value, lets not go to 1.00. Yes, IFCA is worth around 1.00 to 1.05.
Guys - cant compare IFCA to Priva - look at the business and the fundamentals. At 0.85 IFCA PE is 33 (EPS=2.7) vs Priva at 0.17 PE already 20 (EPS= 0.84 ONLY) IFCA is on a high growth momentum (GST related) while Priva is hinged on 1 key customer (westports) for now. Also look at the margins. Grossly, Priva margins is slim ~9% while IFCA commands ~17%
I do not recommend you to buy Priva thinking that it will be another IFCA. Priva is more like a CENSOF.
Further to this, i analysed the Balance Sheet (31/12/13) of both companies and further realised why IFCA is the darling of the investors.....it's got healthy working capital, low on debt and very light Fixed assets and a lot of cash:
IFCA Total Liability = $15M; Fixed Asset = $15M and working capital (Nett CA) = $32.5M Cash = $34M
while Priva has a more "conventional" Balance Sheet: PRIVA Total Liability = $28M ; Fixed Asset = $69M and working capital (Nett CA) = $17.6M; Cash = $9M
Both companies are good, but i just wanted to show the difference in the financials so that we do not compare and make assumptions that Priva share price can fly like IFCA.
Only way for Priva to fly is to win some big rogue contract or get acquired or merge or something else.....
ok lah, (malaysian slang), 0.24 is a reasonable price for a company which is still paying dividend and making a decent profit. Anything above than that is a bonus and why not?
Siva - i want to sell you my shares at 0.24...will you buy? Bro, for share price to reach that price must have buyer. If you will buy, then Insya Allah (also Malaysian Slang) sure can go to 0.24 Again, i am using Logic. :)
Amit, I'm also looking @ their financials (not an expert). Things are flying now. Sometimes PE or even financials will not justify how certain stocks increase. Now is GST play weather we like it or not but that is besides the point. My only thing @ the moment is Q3 results which is due next week. How bad is it comparing to Systec and YGL for their price to increase?
Ha.ha, nothing to do with IFCA, it has been doing well by itself. Just that no one notice or only lately because of GST (even me) but good we found it!
Amit, give chance lah, 0.24. I will be happy. Quite sure many will be too. Lets see how many going to jump in next week. Still relatively cheap compare to Systec and YGL. Next to cross 0.19.
hoteye, no one is exactly going to say how much they hold, either pride or personal. If 1000 lots= 100,000 share = Rm13,500. Good investment. Put it around there on what I have invested, not that far away.
All time high is 0.19......if it is broken with volume on Monday, then momentum may push the price further above 0.20.....!!....holders of Priva, let's wait and see....$$$$....woohoo..!!
slts, I don't think so, judging by the buyers swamping the sellers at 0.18, t3/t4 selling pressure would be well absorbed!..chances are that, contra players would do a roll-over!!
Monday daytrade this stock.Entry point 18sen. Cut loss 17sen. Fruity. This is my 1st comment, i will make sure my comment and post will accurate all the way. Good luck everyone.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
drangonball
375 posts
Posted by drangonball > 2014-11-20 14:02 | Report Abuse
Both also is it company, but recently priva got volume, maybe got something we r dunon