The support price should be at 0.675, which is the company's sharebuyback price. Could be the reason why the operators are floating slightly above that range. Anything below, the company's previous signal to the market, should activate a buyback again at that range. Just my assumption.

As long as Ringgit is around 4.4 per usd, we should still see some excellent forex gains, in the coming quarters.

It could be a signal. Isn't it unusual to just purchase the sharebuyback at just 1,000 shares? I mean how to make sense out of such a move?

Good news, company performing sharebuybacks at 0.675. Just in case you're wondering why, when management decides to opt for a buyback, it is usually for one of the following reasons: take advantage of an undervalued share price, reduce share dilution and increase ownership, improve and increase value per share from key ratios such as returns on assets, return on equity and earnings per share and they are signalling that there are no better option to invest surplus cash aside from themselves. They are trying to tell that the shares are undervalued.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5329493

Good good! Gong xi fa cai! We're back in business!

Can hear the CNY songs already. Let's hope that it will be a good 2017 for Fibon.

I hope the price drops and corrects to the 5_ cents range asap. Hahah. Uncle needs a CNY value buy.

However, this counter is still a gem nonetheless, the only reasons so far now that can be speculated positively, is the ringgit, if ringgit is expected to stay bad, or worsen, then this counter has a valid reason to expect outstanding profits. In terms of other aspects, I can't find much basis to back this movement.

Maybank's nationwide issue.
https://vulcanpost.com/595792/maybank-malaysia-black-friday-debit-problem/

USD 4.4 at the moment.

But still as of this quarter, cashflows are still growing and positive, plus 33mil cash in company, assets 45.5mil vs liabilities 2.8mil, revenue still higher and growing compared to last quarter, and still no debts, no gearing. The issue in this quarter is not the sales, not toxic fundamentals, its the internal decisions that made the profits as it is this particular quarter. Value or not, is subjective, but management is still key to success nonetheless. So how, its up to you to see it as cheap or dangerous for now.

Revenue actually increased, the difference probably went to remunerations, so performance wise, the company should still be well intact if you look at it this way, I'm still expecting the next quarter to perform. However, we should expect share prices this quarter to adjust to the higher PE.

Ringgit, ringgit let it drop, and let Fibon fly.

Despite being quite a notable caution to the public, I don't think Zika will materially affect the business. Well, business and life has to go on, people still need to feed their families, it's not like the whole of Singapore is going to quarantine themselves inside their houses, as if there is a zombie apocalypse. We still have to fall back to realistic rationality and logic when news like these pop up from time to time.

It is indeed very hard to collect this counter's shares into your portfolio. Took me a few quarters to do so and uncle still buying and buying. The cheaper it is the happier I am. We are barely at par value of future expected levels. Operators are collecting and squeezing out every extra shares left from the weak holders, using fear and drastic psychological price movements. Even the company itself announced that they want to sharebuyback! Everybody wants a piece of this pie but newbies and unfamiliar holders to this counter won't be able to hold on.

Good thinking, I made from some minor trades during the last few corrections too. If prices drop I'll just buy more and wait a few years until the business develops fully. My costs are pretty low considering the reserves i collected all the way back to the last few quarters. But I keep track with a few different accounts, I have one to trade, one to invest long term, and one more with my wife's account to make pocket money to pay for my kids' education and random expenses such as holidays. Just taking advantage of the occasional price movements.

Share buyback's direct effect of the exercise will increase the earnings per share (EPS) of Fibon.

The company announcement is a good sign, the company is proposing for share buy back. Share buy backs happen when the company feels that there is no better investment than to invest in their own shares, for the proposal to be announced at current prices, the company feels that the shares are undervalued and they are expecting big growth changes for their the future outlook.

Give it time Ben, the value haven't even been unlocked. It is just a matter of time to see their earnings grow.

Know the value guys. Emotions vs values.

Good good! T3 today, temporary profit taking at 0.685 (2013's great wall). Let's break it slow and steady, solid trend is a healthy trend.

We are yet to wait for the more detailed announcements on the updates of the acquisition. They should usually announce in a few days or weeks, in my experience. It is going to be good. Bright outlook for the company.

Price rising on value expectations from good growth and opportunities, with increased annual profits of 6-year high, increased dividends, foreign company acquisition, business expansion, and all these packaged with no debts, no gearing and still super cash rich with super profit margins. Potential growth is crazy good, like discovering an unpolished diamond.

The confidence should be derived from the value, not the movement of price. However, it also depends if you're a fundamental or technical analyst, or both. I have been collecting and holding for a few quarters, because I see the value, and I still kept tight because I kept to my belief that it is undervalued.

Today's perfomance was slow, steady and strong. A healthy run I would say?

If Fibon remains strong with good surprises, we should be looking forward towards the 70c zone easily, and hopefully it goes beyond 80c this time.

We hit a 6-year high! Highest profits ever recorded in 6 years. With the business expansion, this will be only the beginning of a new level. Good job Fibon!

This company is the definition of value. Sitting on a pile of cash covering half their share price, with no debts and gearing, and superb current ratio of 26times and quick ratio of 25 times. Asset to liability is 42mil to 2mil which makes 21 times coverage. On top of that, their profit margins are gross 6x% and net 3x%. And nobody seems to notice this company yet.

Dividends have increased, coming QR should definitely be good. Acquisition of foreign company also supports and show good signs of expansion as well. I wonder what's brewing in this company.

Fuhhh! What's the occassion guys! Hahaha. Operators probably want to start catching the market's attention. They should be done accumulating anytime soon.

EPF also did the same thing with KNM, buying and selling, and see where the share price of KNM is now.

Good vibes today. Results were acceptable. Slowly but surely, I have no worries. Wonder how the ringgit will fare with the exit of Zeti. The profit in this company is there, but the amplification effect lies with the ringgit and the growth of its' financing businesses, ie Fibon Capital.

Yes WeiKoon. Exactly. Can you see what I'm eyeing? Looks promising to you? Hehehe. klsefighter, look at the buy-sell price queues throughout the day to see whether it is the market or the big fishes harvesting on this counter.

Queuing volume increasing by the day. Pretty much around the bottom prices already. Can start collecting around the 52-55c range. Anything below 52c would be the shark's game-play to frighten the smallholders to collect more. Expecting good results this month end continuing all the way to the 4th quarter. YoY results are going to be good if this year's targetted (Q1+Q2+Q3)=(last year's Q1+2+3+4), then this coming Q4 would be a free winning game point for the YoY earnings.

If Fibon maintains their performance on this quarter's earnings, their earnings performance already will be secured for this financial year. Can already see some subtle and quiet accumulation going on with the good expectations on this quarter. But still a small and quiet counter at the moment. Debt and gearing free counter with big profit margins, sitting on a big pile of free cash, provides a very good margin of safety to invest in.