looks like a defence is at 0.58 and collecting around 0.585 ...volume is very small for a sell off...`What Me Worry "

the fact that there is no volume after so many days where Buy and Sell were packed with volume orders do scare some ppl...But the truth is D-Day is today...the psychological thingy do draw out the weak or stale bulls who are selling before the news...

As I have said the moment can be chee kek/exciting...breathe in and breathe out and no ventilation attacks please..you need to be alive to spend your winnings...hahahaha

TQ k8118k..for the early signals warning...most of these happening on the evening of Nov 6...any negative perception derived will affect the overall sentiments of the market and can make it very cautious...We have to hope nothing untowards will come out of the readings from these decisions..I believe the IFCA report will come overnight on Wed and trading on the news will be on Thursday morning ...

Hong Leong has assigned a lock limit on the stock...any buy must go through management...who will lift the limit without hesitation but also a risk management thingy against contra players.....this indicates that lots of retail trades on IFCA...there are many others like us out there...wow except Calvin Tan..

The good news is that even with the consolidation and soft market prices in the last two days..the retails are not selling or could also be buying...some of them of course will be selling on news like some of us here...so be advised on your next course of action...as said by one of us it is down to our psychological pattern of trading shares...

this is like Star Wars...WA @ .605giving and taking...was told about 50% done at 0.60 sens...very heartening news..going forward soon...

Ozzie...Analysts will take a full year profit and multiply by the Industrial PE..in this case Alpha and i used the 2014 projected profit of 21 million..giving EPS of about 0.5 sens per share...take a conservative PE of 20..you would expect market price to be Rm1.00...

To reach RM 1.00 from current price of 0.70 sens...you need one limit up at 30% giving you roughly a theoretical price of 0.91 sens...Sweet thoughts isn't it ?

The Q Report will be released via the Bursa after trading hour on Wednesday.....You still have to wait one day..

Given the consolidation that is happening at this moment Yesterday and this morning volume of almost 60 million with an advance of 1.5 sens is so so healthy....No UMA...I am very excited as the possibility of my wish coming true may be near...On Thursday morning we will have a limit up for IFCA on the profit of RM 8 mil and more...The European called this the Renaissance but for IFCA we say Revaluation...no need for any effort to raise it up..the market mechanism will do it..How do you like that ?...Gosh..I can feel Calvin's chanting against this event...as Shakespeare wrote ..."call it any name IFCA will smell as SWEET !!!

Xdar...did you not see the saucer base built up at 0.15-0.18 and again at 0.30- 0.35 before the bigger base at 0.35-0.40 ( with volume) and now after the climb for 3 full weeks..take a breather...consolidation at 0.66-0.67...

I parked to buy at 0.62 and 0,52 for WA and later adjusted to buy at 0.556 today but caught no fish...

Anyway Chart don't count for anything when there is a significant event which will intercede the trend like Q3 announcement on Nov 5 where spectacular results is expected to be announced...

Today's explanation could be towards some people selling on News...they thought Ken going on Radio is an announcement...Silly them for they should know our market is "disclosure based" ..demanding fair dissemination of information to all...

Good luck to you on your investment...hope you own some IFCA..

Sorry should be "overbought" & not "overboard"in my 3rd para...

alpha... I know....I believe the volume traded showed a higher expectation beyond what CIMB forecasted except they do not know the exact figure but you & I intelligently think it should be at least Rm 8 mil...I believe if the Co announced that the achieved CIMB forecast in just 3 months...it makes all forecast out of sync...and all Research Houses will have to burn midnight oil to give a new revaluation of the counter.. Do you think the new number will be lower...on NAV like little Irritant Calvin said...don't you think they would look silly to value a growth company on NAV...I would sack my researcher immediately...

So we will have to start where I started posting in support of your evaluation ...valuation on prospective Projected earnings and PEs...Base case price should be Rm1.00... To reach TP the market act swiftly otherwise there is an imbalance or an arbitrage position which begs for gapping and therefore there has to be a limit up and the new floor price magically is established...

Trust me for I know what I post and alsoI have met all the players of old and new personally...I have said...Calvin please accept Alpha's logics...but some people are hard headed..as they said " those who know what they know not but still make noise...Ignore and Shun them...

So the price spiked and dipped today...the volume traded was fair and despite the softness there were no panic selling only conservative profit taking and abit of forced selling from 11-3.pm..

For me I would focus on the near term and consider the Q3 report which will be very positive and the final year performance which shows why IFCA is a GEM as its performance year to year will improve by leaps and bounds.

The Q3 profit will also result in the revaluation of the 2015 performance and the Prospective PE..that is why is Q3 is the crossroad and why Ken is satisfied...The counter will be "overboard" at the volume that was traded over the last 2 weeks if the profits is under RM 5.5 (CIMB). If the profit is RM 8mil and more the counter will be rerated by all investment houses with BUY/HOLD recommendations.

China and other solutions are measures to show diversified source of revenue and MB is the carrot which signifies prospective growth....an organic growth ( own the software and developing its own market niche) and will feature as analysts start to grind the Co on what and what revenue and costs they can expect from the International market and whether they intend to list the China operation in HK or Shanghai...These are by the way matters but will not be the main thrust in the short term.


2 days to go...let's focus on the Q3 report, the crossroad....remember Ken is satisfied and the counter has been "ignored and undervalued"...his own words...I am a practical thinker and based on the many TP, the only way for IFCA to reach such TP, there has to be at least 1 limit up unless it rises 10 sens per day for 8 working days....I believe and hold to this dream of a limit up situation...

May the FORCE be with US.

waited at 0.56 for WA...not fortunate ..no fish lah

today those with money have taken up...those who contra this morning panicked ...those who bought in afternoon..well done...

my feeling....tomorrow will be a good day...

I just spoke to Ken...told him he should not have gone over radio...now his counter gone "south"...he just laughed ..and said U believe in ME or not ?

what should I do...put a buy for WA at level where panic sellings at its worse...

I Dare to Fail

my exact thoughts...let it drift and pick up after 3 pm

Ha Ha...serious matter the future of my grandchildren...have decided that this is risk free investment..so small risk for big rewards...

as I have said...as the date approaches the stale bulls will sell...it is good as young and fresh bulls will come in...why do you think Mr Ken went on radio...he is telling you something... the late morning softness in the price is not a panic sell but market consolidation..breathe hard and hear no doomsday tales...

The worse case is that it will make RM 5.5 mil and cause stale bulls to sell...but with RM 42 million unfulfilled demand for GST upgrade which only form 10-15% of his revenue base...the sum will add up..

I still hold on till the expected Q3 report of more than RM 8 mil and annual profit of RM 21 mil...maybe I will buy another batch of IFCA shares for my grandchildren's education funds...

Calvin....looking for a apple on a rambutan tree...surely you won't find any...

it is not the RM7 -8 mil...it is the growth from 10sens to RM 1...that is capital gain supported by quantum leap in performance...BJ Corp comes later... maybe but definitely not now..stand aside and salivate if you don't have bought some..

Alpha and friends...I think these irritants are scared ...they can see the logics and can still buy in because the profit spread is still present but being stubborn as mules, they cannot accept that WE Dreamers can be so right...they just refuse to see the "Shangrila" as it appears before them...hiya..I really pity them...

Wow! Just for GST... Divide Rm 45 mil by another 8 months...it is about rm 5+ mil a month...Q4 should be Rm 15 mil

Worst case Rm 8 mil
Best case Rm32 mil.

Base case....mr. Yong please declare Rm 12 mil enough as starter for all of us...

Let's see if my prediction is correct...

If profit forecast for Q3 is RM 5mil or less...by token of the voluminous trades over the last 3 weeks TP will fall from RM 0.65 to maybe RM 0.50 in the short terms with high volume selloff by stale bulls

If Profit is RM 8 mil...counter will be revalued at between RM 1-1.35 with very high volume...

To go from 0.68 to maybe RM 1.20 + there has to be at least one limit up within the 3 days prior to the Q3 reporting..

As the Q3 report is closely guarded ...people are grouping both sides of the fence..waiting for the analysts to come out with their recommendations on Thurs to see how the whole 2014 will pan out...We all have to hold our breath for at least 3 days as more Doomsday people will reappear to knock you off...So what should you do ?

My bet is Q3 will be over RM 8mil mainly because most of the big players ( Developers and Hoteliers ) know that the GST compliance accounting and reporting software require training and trial run ....need time to get use to. Under the GST Act 2014 Vendors are tax collectors and are to issue tax invoices for their sales and to also have import schedule for the intermediate materials they use to make their sales...i.e they are responsible for the monthly or quarterly returns to the Custom...any failure to do so within the time frame is an offence. It could also be possible that by Q3 they may have churned up RM 25 mil profit ( high chance but not necessary to put your saving on this)..I know as a fact that the ppl in IFCA are busy because it took them 2 weeks just to schedule a presentation of their product to one of my Clients...


For me the Q3 report is a wedge where it all begins...the revaluation of the Counter giving all the factors we have discussed in this thread from the 2014, 2015 with accumulated profits growing from RM 21mil, 25 mil respectively and promotion to MB on this sustainable profits...

For those who are rattled by the Doomsday theory expounded by our"neighbourly friends", taking profits is a good option as the liquidity for this counter will remain robust for the next 3 days.....Don't worry about us "Believers" for we are just obstinate and maybe dreamers..

Do pray for us or join us as we laugh all the way to the Bank with the "loots" next week.....

Hohoho....soo soo child like...which is a better coloured dress...Let's see...

Both carry Custom approved GST compliance products...

I use MYOB coz it sufficiently fulfil my need to comply & it costs Rm 2,000 with a tax rebate of Rm500! Censof will surely get the bulk of the SME & there will be revenues to beef the performance...MYOB package is maintenance free.

IFCA software cost between Rm200,000 to Rm 1,000,000.00 and they are stretched pushing their ppl to complete sales and setting up.

Is there a difference? One is a lower value item & the other medium range ( not the Silverlake or IBM category)...both operate in an environment where there are demand...both will perform well ....the difference is their operating margins. If both have sold Rm 200 mil of software..you decide which operator make more or need more resources to reach this target?


When I invested in IFCA it was because the entry point was cheap & the upside is blue sky....At that time I did not know CENSOF even exists..now that I know of it..I discover Censof is already on MB...IFCA is striving to go MB. IFCa is a penny stock with growth potentials. In fact given that GST is 8 months away...they may have booked in the sales & profits...

For SME I found that they are still dragging their feet and not doing much...they are doing this because MYOB software is easy to instal & can covert single entry accounting for SME and dont need to hurry...... the sale will pick up in 2015 when there is the sudden rush as GST draw near.... I will look at Censof after IFCA but will track it from now on.....

So boys & girls...for the next two weeks or so I will wear blue after which I may go for red...for those smarter may wish to wear blue and red....

Have a great weekend & try to be civil...it makes this world a better place to live in...

Alpha..... Rm 25 mil is fair giving about 20% increase for MB requirement...I can buy this...If this is within the mathematical parameters of analysts IFCA near term price should double even come with a one limit up session ( my wish list)...I am looking at the re-rating of this counter via the new market price I.e...what the market do and what the analysts say...

Calvin...if you can accept Alpha logics...why do you continue to give your"grandmotherly nags" in this forum....I think ppl heard your "Doomsday" prediction and that is enuff......most are not stupid even if they pretend to be!!

Don't get me wrong...that I don't like B Group....it's just that the price will wait...it is not going to go.up super fast soon...MOLG is an investment and you don' t mark to market & also TSVT is not like Mr. Robert Kuok who distribute his capital disposals to Shareholders & give high dividends...We including me will return to B Group when we think the timing is right..Stale Bear trap or not ?? As I have said we are not that stupid...

Jtpc2006....MB is a hype & can only be after 3 years cumulative profits exceeding Rm 25 mil and must be increasing without any dip....MB is useless if you cannot sustain your performance...but in IFCA's case it allows some institutional funds to come in when they cannot do so before....currently those funds buying into IFCA are Small & Medium Caps...this promotion to MB create the demand I have allude to earlier...

Alpha is right ...we are all analysing what to do next & at what price to sell....not enticing people who miss this bus to join...whether late or not it is their decision...for us we are riding high...


Calvin...you would be an idiot if you think we have not read of the stories of Transmile & HWGB....in Transmile it was a case of fraudulent accounting & In HWGB the fallout with Uncle Lim...

In IFCA they are selling IT products (and not "Balloons")which people continue to need for the next 2 to 3 years...the margin for software is super high their costs are only in the manpower .......given how busy IFCA ppl are right now...the revenue must be good....try calling for a appointment to check out the software...you will probably get one only after the next two weeks..GST is a legislation and is real...besides property developers IFCA software also cover hotel operators???the demand is building up and the numbers will be "mindboggling...this is just the sales side. How about the maintenance revenue...Believe me they also have R&D to sustain growth...if you think ppl won't need to buy GST software, just read the GST Act 2014...

If you think this is selling hot air you are right to stay out....but do catch the last bus by nxt week if you want to join...

Calvin..based on your posting I don't think you are stupid or a sour grape....it's just that you are overly careful or you have a grudge against Alpha....Why?... In our world "No man is an Island"...

I first read Alpha's post 2-3 weeks back and thought he made sense...Doomsday theory should be a hindsight but not always....once in awhile you find a pot of gold behind the rainbow....Just that you know..we are all not that stupid ..it's just that we discover a GEM.....

Hi vito555...No problem...just sharing an insight...had been posting to Alpha about "What if the Q report is more than Rm5mil..."

Did research on GST & Was there too @0.08 WA & 0.18 before & caught the first wave....now the second wave...not a trader so no stress on this....buy low sell high...fundamentals do the rest & with a lot of frenzy the rest is history...

Alpha & Smurfbee...& new frens....

It is always easy to buy and very difficult to sell...the thoughts below may help some of you..

I believe the Company has already achieved & even surpassed the Rm 21+ mil profit but for reasons that they have to maintain a three year growing profit of at least Rm 25 mil..they will declare Only at declare a profit of Rm 8 mil..thus a spot on prediction by Alpha.I think the 2014 profit is about Rm 21 mil & 2015 profit about Rm 25+ million ( total of Rm 46 mil for 2 years)

I also believe that on Nov 5th the market will revalue IFCA on the basis of its next two years forecasted profits( as above). Taking the 2014 profits of say Rm 21+ mil the EPS would be about 0.50 sens per share. Taking an average. PE ratio of between 25x-35x...a price of Rm 1.25 is possible & Rm1.75 is a wish....If this is to happen, I would not be surprise at least 1 limit up readjustment to happen...this is also my wish list. This readjustment is also backed up by the likely promotion to MB.

For me the upside rewards far out position any downside risks. At least from this moment there can be no other attractive investments that you want to hold for the medium terms..

For the info of those who have held on or even bought today I am holding on for the upside rewards....you decide...

Mother should be at a discount to WA because of the leverage factors,,,I expect the WA to move with a 5 sens premium ...I am also happy if it runs parallel to Mother with the 10 sens differentials...Happy as long it continue its upward journey..

No UMA because Bursa knows the profile of the buyers...give us high HOPE for another good run next week..

we must be thankful that the volume purchasers the last week are not punters but investors...I was looking out for the sellers from the 60million + 40million trade done last week but nothing happened...there may not be a lot of sellers selling on news after all...breaking new TP may be real...very healthy expectation and no UMA enquiry by Bursa...all good news..

Take heed....warrant has to draw the demand now due to the gearing and conversion price & interval...the momentum should shift to Wa but if the rumours of the high profit in Q report is confirmed the "defy gravity upward surge" will occur simultaneously and should continue for awhile even Nov 5...

put on your safety belt as we ride into stratosphere...Wooohaa..

Taka...my comments on your list

1. Yes
2. not likely...first maiden dividend after full year and they must have sufficient tax credits..
3. Bonus Issue...as this moment they don't have enough reserves.
4. Mitsui...is not the main thrust..
5. Institutional investors have taken stakes because the counter is an investible approved stock within their definitions....Stability only on good performance...but should be strong stakeholders as moving to MB(6) & (7)
6. Move to MB...only if profits are sustainable and can show an upward trend over a 3 years period...

may add as last item (7) could be on the demand and supply....with a paid up Capital of 470 mil shares and maybe 60+% held by Yong & friends about 180 million float the frenzy can drive the price higher as supply gets absorbed by longer term investors......this is a frenzy and govern by market sentiments...

Alpha...as I suspected the frenzy is that the Q report says RM 8 mil...got some room to move yet...warrants should now be leveraging with a premium....happy hunting folks..and good luck..

I am really posting this in Seoul Korea

Alpha Trader....consider that IFCA also holds some 45 million shares in Treasury....if it only costs them 0.10 sens ( I truly do not know when they were purchased )..they can announce realisable capital gains ( non operating exceptional profits) of Rm 4.5 m per 0.10 increment!!!.....Wow!

Calvin has an ego....but Calvin bashing is unkind especially if he is salivating while we hold on to a bonanza....a rich mother lode....

If Q report breaks Rm 5 m.( no question that it will not be at least 5mil)....but less than Rm8 ...the pot behind the rainbow are ours....the revenue will be sustainable for promotion to MB...0.80 sens no sweat & here is where Calvin will be right as there will be correction & consolidation...some of us here will exit with huge profits...but institutional buyers will continue to buy in....the difficulty at this level is "to sell or not"...buying is not an option unless you subscribe to the forecasts...

My message to Calvin is " all those reading cannot make you right all the time"...when you are wrong accept it and go along to find your own mother load...to be credible you need to be humble...

Now back to Alpha Trader...what is your views if the Q report is say Rm 7 mil?

BTW..congrats to all who dabbled in this counter and won...to those who continue to hold..you are blessed...to those who believe in the robust growth...your loyalty will be rewarded...I am in the later group...

Lots of negative.....really what if the Q results beats even Alpha's expectation of Rm5mil...wouldn't the remaining Q be to haul in the net....it is blue sky & good upside...don't chase nxt week".....the boat has left....

I like Alpha Trader logics to a point...he was careful to say the GST revenue is one off...he said the maintence incomes will grow...what he missed are two things...Friday volume were genuine buying by fund managers from across the Causeway...who are buying because this stock should be paying dividends shortly & with positive profit projection will be First Board bound....

I m more persuaded by the positiveness rather than Calvin Doomsday comments...
There is more "blue Sky" to this counter & very low downside because the profits r real & investors true blue blood...

to bring some lights into many faces....pl read AM Research ( written by Mr Mak Hoy Ken dated 20.10.14 on IJM Land titled "Bandar RImbayu forges ahead with Scarlet"....vis-a vis future revenue from Bandar Rimbayu and WCE...the research is basically predict a revaluation of IJM Corp privatisation proposal of IJM Land


A similar parallel can be drawn for KEuro which has 40 % of the project value of Rimbayu...giving an upward revaluation also possible ...So have a strong heart and be patient...

The admission of the securities ( new shares and warrants) onto Bursa is subject to confirmation from Bursa Depository that all CDS accounts of successful applicants have been duly credited...( you have to check your own CDS account for this position)...as it is likely that all rights have been fully subscribed...there is no need to process the excess application....I would expect the warrant to be quoted next week...

88et88...the OR is the rights to subscribed for the new shares at 1.08 per share which comes with 1 detachable warrants for every two subscribed...if you subscribe the warrant will be credited to your account and when quoted can be monetised...give you a cash value (if quoted at 30sens) of about .15 to your subscription of 1.08 per share....if you sell your rights you don't get to buy the shares at 1.08 together with the detachable warrants...



There is no correct module to calculate pricing of warrants/derivatives...The Black Scholes model have been accepted by professionals as not accurate but continue to be applied by pro to value warrants and options....

For me I would be happy if the warrant can be .30 + as it probably offers further valuable opportuned buy given the gearing and the near par conversion price vis a vis future value...

Benson911...there are too many variables to consider when you think of projected market cap and many investment gurus have been more wrong than right....especially when EPS is a future event...my simplistic mind took the following factors besides what were posted before...

1. Can the traffic forecast passed the worse case scenario....I believe so...especially where PLUS is now saturated.
2. Did they use the worst case scenario to negotiate IRR and toll rate....I believe they would have got the same rate as PLUS with a right to implement the lower toll in the beginning...
3. Will the construction costs be prohibitive?...I think they would have worked it out as they are friendly parties who are long term shareholders.
4. Will they list WCE eventually ? Yes absolutely..and likely to be at least RM 2billion ( a guess ) based on 5 years projected incomes...
5. Will capital gain be via organic path...yes, by way of private placements at varying PE over the construction period or just before completion of WCE...

check the announcement...rights commence trading on 6.8.14; Letter of Offer despatch on 7.8.14: last date of acceptance of rights is 20.08.13; please check with Remisier when to prepare cashier order and despatch acceptance of the offer....

3 determining factors why I jumped in cum rights:
1. Co is divorced from CAC and complete sale of TalamT shares
2. The congestion in PLUS shows that the WCE is necessary
3. The new Shareholders have the credentials to raise the financing for the WCE
4. There is certainty in completion of the WCE and a fair project costs will be agreed
5. There is cash flow coming from the development of land from the Land bank in Kota Kemuning
6.The new opportunities from WCE is huge...