Posted by kengteck68 > 2013-10-21 12:19 | Report Abuse

ya ya... agreed... Cleared off mine also @0.75

Posted by whkwoon > 2013-10-21 18:47 | Report Abuse

When Directors disposal shares it mean positive sign he is placing shares out for investors to play, when director start to buy own share you better run.

Posted by CityTrader > 2013-10-21 19:17 | Report Abuse

Meaningful but logic or not! Fortunebull, do u agree? Whkwoon, my aplogy to say as i need to clarify, or anyone has 2nd opinion on this matter? Pl share. Tq

Posted by Fortunebull > 2013-10-21 19:25 | Report Abuse

Ha! Directors dump because ask to resign or want to have fast money! Hovid went up because media gave publicity these few days!

Posted by Fortunebull > 2013-10-21 19:27 | Report Abuse

Just look at Instacom! Media gave thumb up, went up few days all the way down from aove 40 cents to below 30 cents! Director dumping when media gave positive coverage! Msybe paid by such directors!

Posted by CityTrader > 2013-10-21 19:29 | Report Abuse

Oooo but too deep to understand & better remain who i m. No need to know alot of FA things very messy !!! TQ Fortunebull..

Posted by Fortunebull > 2013-10-21 19:31 | Report Abuse

If directors dump to open market, dilute shares, harder to push up price!

Posted by CityTrader > 2013-10-21 19:48 | Report Abuse

Noted with thanks i learn something here, Fortunebull..

Posted by Fortunebull > 2013-10-21 19:53 | Report Abuse

Hovid when up because very good media coverage! Appear in tv many times today! They say TP 43cents if not its one day show!

Posted by inwest88 > 2013-10-21 20:40 | Report Abuse

CT, just stick to you method - do not be affected by others ! Directors selling shares have their own reasons. If they have sold a few days later, they would have gotten at least 10% more ! If you have hesitated today, you would have lost the opportunity of making some gains. All the best, my friend.

Posted by whkwoon > 2013-10-21 21:09 | Report Abuse

I mean Director the have to place out some of his shares about 5 to 10% at certian value to the syndicate but still hold controling interest , Other wise the syndicate will have no shares to play, how to create volume?

Posted by inwest88 > 2013-10-21 21:21 | Report Abuse

whkwoon has got a valid point !

Posted by Zamsaham Norizam > 2013-10-21 22:48 | Report Abuse

senyum.

Posted by hom3boy > 2013-10-22 12:05 | Report Abuse

:(

Posted by TESSA > 2013-10-22 13:58 | Report Abuse

sudah jual yesterday :)

Posted by whkwoon > 2013-10-23 20:07 | Report Abuse

Director is selling cannot go up much at this moment

Posted by yeechachoon > 2013-11-04 12:15 | Report Abuse

no movement at all...sigh, in sleeping mode now

Posted by JTFX > 2013-11-04 15:22 | Report Abuse

catcha..also catching fire...on the way to rm1.00...??

Posted by yeechachoon > 2013-11-04 15:32 | Report Abuse

wah, out of the sudden up 4 cents, shit..miss the boat

Posted by yeechachoon > 2013-11-04 15:33 | Report Abuse

seems like cant sustain...will go down soon..wait to collect at 0.73-0.74

Posted by whkwoon > 2013-11-05 10:18 | Report Abuse

good support level before moving up again

Posted by hueyyng27 > 2013-11-06 23:53 | Report Abuse

CIMB target price is 0.96

Posted by looksee > 2013-11-08 08:08 | Report Abuse

International online investment firm, Catcha Group today announced that one of it’s main portfolio
companies, the iProperty Group, which owns and operates a network of property websites, has crossed the RM1 billion in market capitalisation milestone.

Posted by looksee > 2013-11-08 08:09 | Report Abuse

Founded and controlled by the Catcha Group, iProperty Group was floated on the Australian Securities Exchange in September 2007 at A$0.25 per share. It recently touched A$2, giving an 8x return to shareholders

Posted by looksee > 2013-11-08 08:09 | Report Abuse

As of Nov 7, iProperty Group had a market capitalisation of just over RM1.07 billion, 15 times its original market capitalisation.

Posted by looksee > 2013-11-08 08:10 | Report Abuse

Serving the region’s burgeoning real estate industry, the growth of iProperty Group’s online advertising business over the last six years demonstrates the power and potential of the digital revolution sweeping the region

Posted by looksee > 2013-11-08 08:10 | Report Abuse

iProperty now serves over 4.1 million property seekers per month and works with over 20,000 real agents and 300 property developers across Asia. Its mobile property search app has been downloaded 1.2 million time

Posted by looksee > 2013-11-08 08:11 | Report Abuse

Headquartered in Kuala Lumpur, iProperty Group was first established following the acquisition of iProperty.com.my in 2003. A series of regional launches and acquisitions followed. The company currently operates property portals in Malaysia, Indonesia, Hong Kong, Macau and Singapore, and has investments in India and Philippines. It also runs a regional property exhibition business.

“At Catcha Group our investment approach is to invest in and accelerate internet companies,” explained Catcha Group, Group CEO Patrick Grove.

“We’ve been privileged to work closely with iProperty Group’s amazing team and fellow co-founders to achieve this RM1 billion milestone.”

Catcha Group currently boasts a portfolio of online assets worth in excess of RM1.5 billion , including three public companies and numerous private investments, and is one of the largest investors globally in the online classified space in emerging markets.

Posted by whkwoon > 2013-11-08 09:39 | Report Abuse

Today shoot up RM.84

Posted by whkwoon > 2013-11-08 09:52 | Report Abuse

looksee, u get news from where any I know?

Posted by JTFX > 2013-11-08 09:53 | Report Abuse

catching fire..flying after kanasai director finished selling..hohoho

Posted by jwarren > 2013-11-08 09:57 | Report Abuse

reply to looksee - Again this is somewhat "old" news. It already happened about a few weeks ago during intra trade day. Like I previously mentioned, don't just look at market capitalisation only. Also look at the volume traded. This will give you a different perspective on the valuation. Most importantly after nearly 6 years of listing, the company has not been profitable. The Malaysian related counter is good for trade only for the informed.

Posted by PJTrader > 2013-11-08 10:04 |

Post removed.Why?

Posted by whkwoon > 2013-11-08 10:12 | Report Abuse

The new RM1 billion company?
In many cases, I would use market capitalisation to value a company's worth. After all, it is best to evaluate how much the market values a company assuming that the market is efficient - hence the efficient market hypothesis.

However, we know that market is not always efficient. In fact, it is not efficient a lot of times, and we take advantage of that.

I have just read that iProperty, the invested company by Catcha has just gone past RM1billion in market cap. Is it worth that much? Now, my question is that is has been a business that has been operating for quite some years, and in fact has been listed since 2007 in ASX. I don't remember it makes money in any particular year and in fact look at its accumulated losses.



The latest 6 months P&L reads as such...


To me, this is not a company that can be worth RM1 billion - in fact very very far unlike Jobstreet and MYEG. Those 2 are really in their own league, but iProperty is not. IProperty has a decent number of competitors whom may be competing very hard such as www.propertyguru.com.my, www.mudah.my. In properties, sellers, agents are posting up units for sale for free - unlike a job website. I really can't see much that to be as valuable as it is mentioned what is provided by the market.

Posted by looksee > 2013-11-08 10:19 | Report Abuse

jwarren, what do you see Catcha Media's holding in ICAR.asx? the holding is worth more then Catch Media's mkt capitalization..just like a old rolex watch may be worth RM77k, but the diamond newly attached on the watch is worth additional RM80k..yet, u are saying we shouldn't look at the value of the diamond and just focus on the old rolex watch?

Posted by whkwoon > 2013-11-08 10:35 | Report Abuse

High setup cost, just like telco huge capital expenditure , now profit keep rolling in for telco after writing off the setup cost. This is their accounting practice. Like you developed a software you incurred initial cost, after that whatever you sell is pure profit.

Posted by jwarren > 2013-11-08 12:30 | Report Abuse

reply to looksee - thanks for the analogy. We can look from two angles.

First, if you found such old Rolex, what would you do? You'll probably buy it for yourself no matter what because you saw the "real" value that no one else could see. Basing on this line of thought, shouldn't the counter be privatised quickly (especially when the market cap is very much lower than the current level)?

Second, how do you be certain that the old diamond is really RM80k? In the stock market, market capitalisation is perhaps the "best" estimation of the value of the company (a shout out to whkwoon). As mentioned, it is only an estimation through consensus of buyers/sellers. If the consensus is arrived between only a small number of buyers/sellers (i.e. low transactions), then can the estimation be considered as reasonable? That's why when it comes to M&A involving public listed companies, an independent valuation is required. The valuation does not just take market capitalisation as the final value. So many factors are involved. Some are known to public and some will never be known by public.

Posted by looksee > 2013-11-10 18:21 | Report Abuse

jwarren, very fair comments. thanks for sharing your thought.
well, the price appreciation on last few days may be related to China's automotive website going to be listed in Nesdaq which bring the focus to Catcha/ICAR whom also operate automotive website.

Posted by whkwoon > 2013-11-14 10:53 | Report Abuse

what will be the project profit , anyone know?

Posted by Josh Eng Yik Wuai > 2013-11-15 16:42 | Report Abuse

what is the supporting level for these counter? plan to keep some...

Posted by Optimus328 > 2013-11-15 18:38 | Report Abuse

sale pressure is high and break support line ....

Posted by yeechachoon > 2013-11-16 18:34 | Report Abuse

Not the timing to buy yet?

Posted by whkwoon > 2013-11-17 20:49 | Report Abuse

see result this month then decide

Posted by whkwoon > 2013-11-18 11:32 | Report Abuse

slowly going up good sign , hope announce good result next week

Posted by whkwoon > 2013-11-21 15:45 | Report Abuse

what the profit like?

Posted by whkwoon > 2013-11-21 20:31 | Report Abuse

I heard market going tp clash next year? any truth?

Posted by whkwoon > 2013-11-24 20:07 | Report Abuse

LowYat net charges Rm100.00 for 20 advert. Average 3 millions advert = 15 million per month income that great, How is catcha charges and average income ?

Posted by jwarren > 2013-11-25 10:16 | Report Abuse

reply to whkwoon - Just wondering how do you came about with Lowyat's numbers (i.e. RM15mil advert sales per month)? If this is accurate, Lowyat is about 2.5x bigger than Catcha and Innity combined, in terms of sales. Fyi, Catcha and Innity were each doing about RM38mil sales on last year.

Posted by insearch85 > 2013-11-25 13:54 | Report Abuse

ya, if Lowyat doing rm15 mil per month then is RM180 mil per year...bigger then MyEG, Willow combine too...

Posted by zamsaham > 2013-11-25 13:59 | Report Abuse

Lowyat.net will be floated in KLSE in Year 2015.