Wanted to sell some at 0.70 , then cancelled and changed to 0.73 but when see the mother share up , up, up I quickly cancelled sell order and keep for a while first .
gaomin , don't just keep for a while ... keep for as long as you can 'cause it will almost be impossible to find another rocket like this one especially a rocket that seems to have no brake ha! ha!
Yes agree with you Nancy Tang . I bought this warrant at 0.11 on July 18 and sold at 0.12 the next day. Bought at different levels later at 0.205 , 0.25 , until 0.39 on October 13 .but I did't keep all . Unloaded all at 0.595 on Oct 31 . Then results so good I quickly bought back at 0.62 and this morning added at 0.70 . If I have kept all the shares I bought at below 0.40 , I would be very rich now ha ha!
I just went in for another 50 lots on the warrant @ 73c ... a bit high to go in at this point but then no risk no gain eh? !! Anyway gaomin , set your own target and sell when you feel you are satisfied !!!
Those who buy now is taking bigger risk now that the price is already so high. Christmas is around the corner. Better take profit and enjoy the festive season. Merry Christmas!! I take profit sold off all.
IFCA is an ACE-listed business software solution company specialising in the property industry with a market share of 70% serving more than 1,500 customers in Malaysia and Asia. We like IFCA for its highly scalable business model and strong earnings growth in the next two years, underpinned not only by the GST software upgrade but also the sustainable web-based conversion business as well as overseas expansion.
Although IFCA’s 2014/2015 earnings will benefit strongly from the GST software upgrade in Malaysia, the perception that the company is a one-off GST play is misplaced. Its web-based conversion and regional expansion, especially penetrating into the Chinese market with more than 40,000 property developers (versus Malaysia’s 2,300) will propel earnings to the next level far beyond the current base.
Moreover, management is hands-on and has a clear roadmap for the company going into the next three years, including potentially launching new business initiatives like e-commerce and regional mergers and acquisitions.
Other catalysts include IFCA’s first dividend payout this year, an indication of its strong cashflow and net-cash balance sheet position, coupled with the likely migration of the stock to the Main Market of Bursa Malaysia in 2015.
Valuation-wise, based on our in-house FY15 EPS estimates, IFCA is trading at a FY15 PE multiple of 12.5 times, against a two-year EPS compounded earnings growth of more than 300%. We see substantial value in IFCA at current valuations.
Risks include a recession-like slowdown in economic conditions, which results in the closing down of the business of some property developers and an unexpected rise in competition, although we think the latter is less threatening, as IFCA is far more established than its next competitor. Moreover, customers tend to be sticky with little incentive to replace a software solution once implemented.
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....
Nancy Tang
853 posts
Posted by Nancy Tang > 2014-11-10 09:50 | Report Abuse
Bought another 150 big lots of the warrant ... too tempting to resist because of the gap !