well said hippo, some ppl saw the share price din move, they not dare to buy in, because of lack of confidence, btw, once the share price move, they hope to buy at the lowest point and keep waiting the share price to drop more. At last,the share price will go opposite way.
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.
Fibon may never be so cheap as to be around 50cents anymore in the future. Keep your 50cents shares for the big 80-90cents mark, you can pick somemore around 61cents to sell at 74-83cents for some pocket money.
Operators have been collecting since 80cents all the way down to 50cents, their average costs wont be so low, they definitely want to bring it back up to 80-90 cents to cover their costs and make their profits.
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.
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 should strengthen further when the company reaps the results of the expansion. Invest for the future, don't speculate and gamble. Think wisely, stick to your principles. This is not a loss making penny stock where people gamble everyday.
Wow. Capturing a niche e-commerce platform! That's really a surprising catch, with a bilion dollar market. If they are the only one in Malaysia, its gonna be really big. Fibon's name will be as famous as Alibaba+Naza.
If Fibon is the only one with such licenses in Malaysia now, they will be the major platform between Japan and Malaysia, for every unregistered car imported, direct from auction (lowering every dealer's costs of cars), Fibon's earnings and value can explode in game-changing multiples! Just see the amount of cars imported annually, and the value, in multi-billions. All they need to do is charge a small % on the fees and boom! They are super smart, and don't even need to come out with the heavy costs of buying the cars.
0149 FIBON 30/7/15: Update FY16 EPS 5.11c Price 0.595 PE 11.6 NTA 0.43 Potential catalysts for further strength? 1. Pending higher 1.25c dividend proposed on 25/7/16 which will likely be confirmed in the forthcoming AGM 2. Cash pile have increased from a year ago to $28.259M or $0.288/share 3. Last six QRs have delivered continuous steady revenues increment 4. New business acquisition BEEPS and entry into the Japanese market, could be further impetus to future earnings growth (refer comments for latest QR update)
04/7/15: Inital Post 3QYTD EPS 2.65 Price 0.42 Forward PE 11.9 NTA 0.37 Consistent performer plus yearly dividends Cash $23.8 million, Borrowings zero (can give more dividend or expand business) Retained Earnings piling up (can afford give bonus -no bonus yet) Low volume counter though ...
When i promote Fibon, it is must merely 50 cents and no break out and whatsoever.. now move to 60 cents and everyone rush to promote Fibon.. So who is the winner here?
Bravo to those who bought Fibon around 50c (where PE only 4.x nett of cash), is akin to collecting AWC when around 50c (where PE only 5.x nett of cash, and is now 88.5c)
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Yesssss