Rio, after briefing no news and lot of sale after that. Something very fishy. Either good news or bad but they keep by themself. But after briefing, the price drop from .38 to .36. sound like bad news to me
Run faster..... Before it closing lower than 0.330. Already reach 0.330. Expected to reach new low as there nothing new in their plan from briefing yesterday.
Already sell la. Wait till it meet new low. It show a downtrend at the moment. If yesterday got good news, surely it will bounce. Now wait for it gn status to ne lifted. When will it be expected?
IMedia 1st QR 3.89Mil, Full year RM3.89*4=RM15.56Mil. Catcha Share Issued(After right issue) = 443Mil. EPS 15.56/443=RM0.035 per share. Catcha worth 70sen if PE=20X. Catcha still have 100% upside room.
KUALA LUMPUR (June 28): Digital media and advertising group Catcha Digital Bhd said its wholly-owned subsidiary, iMedia Asia Sdn Bhd, saw its pre-tax profit grow 28% year-on-year to RM3.89 million in the first quarter ended March 31, 2023 (1QFY2023), with its portfolio of digital marketing platforms and services reaching over 13.1 million Malaysians as of end-May.
iMedia posted a record pre-tax profit of RM10.28 million in FY2022, up 69% from the previous year.
Catcha Digital acquired iMedia in March this year, as part of its regularisation plan to lift its Guidance Note 2 (GN2) status.
"We are at the beginning of Catcha Digital’s expansion journey and we are determined to accelerate our growth trajectory and actively pursue highly accretive investment opportunities that align with our strategic objectives. Our aim is to attract the best digital and software companies to collaborate with us, consolidating our position as the industry leader in Southeast Asia thus creating sustainable value for all stakeholders,” said Catcha Digital group chief executive officer Eric Tan in a statement on Wednesday (June 28).
The right issue share will be listing on 31 July. I dun think the share price will drop after the right issue share listing, bcos the volume of the right issue no much, only 174Mil shares. Most are held by major shareholders and long-term investors.
Catcha no a goreng stock. Its share price is supported by strong fundamentals as I mentioned earlier. It is a high-growth and high-profit company. At the current price, it is highly undervalued.
Patrick Grove is a successful entrepreneur and investor. He is known for his contributions to the tech and media industries, particularly in Southeast Asia. Here's some information about Patrick Grove based on my knowledge up until September 2021:
Patrick Grove is an Australian entrepreneur and the co-founder and Group CEO of Catcha Group, a technology investment firm based in Malaysia. He has played a significant role in the development of various online businesses and digital media companies in the Asia-Pacific region.
Grove is recognized for his involvement in building iProperty Group, an online property portal, and iCar Asia, an automotive portal. Both companies were successfully listed on the Australian Securities Exchange (ASX). He also co-founded and served as the chairman of Rev Asia Berhad, a digital media group that operates several popular online portals and publications.
Furthermore, Patrick Grove is associated with a venture capital firm called Grove Ventures, which focuses on investing in early-stage tech startups. His investments span a wide range of industries, including e-commerce, fintech, media, and technology.
Apart from his business endeavors, Grove is actively involved in supporting entrepreneurship and innovation. He has been a mentor and speaker at various conferences and events, sharing his expertise and insights with aspiring entrepreneurs.
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....
MarioBros
475 posts
Posted by MarioBros > 2023-07-12 19:00 | Report Abuse
Rio, after briefing no news and lot of sale after that. Something very fishy. Either good news or bad but they keep by themself. But after briefing, the price drop from .38 to .36. sound like bad news to me