Posted by hamajlin > 2014-02-28 09:21 | Report Abuse

If mpay fail to get TRC project, do u think it will still steady at this price and continue move up? Anyone can advice? if no, what is next resistant price to re enter?

Posted by Canonpreview > 2014-02-28 10:11 | Report Abuse

up up and up

Posted by tokemas > 2014-02-28 10:50 | Report Abuse

i get romur salehin akan dapat itu gst project.baik lari

Posted by insearch85 > 2014-02-28 11:09 | Report Abuse

who is salehin? care to share more?

Posted by eastrader > 2014-02-28 11:11 | Report Abuse

hi tokemas. Mana u tau.. here we have mama Madiba. nanti dia tarik telinga baru tau.. hahaha

Posted by limayseng > 2014-02-28 11:13 | Report Abuse

spinning top after bullish harami showed that strong resistance of moving up....unless confirmed fresh coming news....like winning the TRS...etc if not it may be the end of bull run for this counter?

Posted by jsjy123 > 2014-02-28 11:18 | Report Abuse

tokemas, if that is the case are you selling yet...lari cepat? Or you are not even holding any MPay shares????

there is a saying: you can fart as you like, but don't simply say as you like!

We buy MPay with the calculated risk, we all understand. We are betting on MPay to win the TRS contract, as simple as that.

High risk High return! Trade at your own risk. Don't make unfounded noice.

Posted by eastrader > 2014-02-28 11:26 | Report Abuse

MPay for long term invsmnt. Since last mont until now alrdy give ROI 100%.

Posted by limayseng > 2014-02-28 11:30 | Report Abuse

yes good investment for mpay but must be cautious as well , hope it will not be like iris...going down badly and may touch 40 odd cts if the falling knife continues!

Posted by eastrader > 2014-02-28 11:32 | Report Abuse

agree with limayseng

Posted by jsjy123 > 2014-02-28 11:33 | Report Abuse

yes, agree with you, limayseng.

Posted by hamajlin > 2014-02-28 12:32 | Report Abuse

tokemas, who is salehin, mind to share the excact name?

Posted by cihiro > 2014-02-28 13:11 | Report Abuse

taken from investlah.com


Highest volume 11/02/2014 - 38.93M (10.6% of the total issued shares).
Today, 27/02/2014 - 26.15M (7.1% of the total issued shares only).

No of shares available in the market is still relatively low (low share turnover). Of course with a 20% share turnover, then it could be rather positive Nod Nod

Collectively, the 3 largest shareholders already own above (>51%) of the total issued shares. Never will a take over or MGO materialize. Guaranteed!! HOwever, sharing the pie with more new high profile + net worth individuals will only aid in the increased chances of business connections which in turn will only benefit the company much much further!! Total rejuvenation... Nod Nod

This company is a gem, class IF & D color grade !!! Given the good prospects and if they are willing, warrants conversion or ESOS to enlarge capital will be highly beneficial for further business expansion. Nod Nod Nod

P.S. Even some wealthy 'Borneons' are beginning to hold shares and are further looking for ways to join the family in a bigger way at the right price!!

Posted by jsjy123 > 2014-02-28 13:21 | Report Abuse

just now 1 or 2 million shares at 0.70 was eaten up within a few second.....what is that mean?

Posted by kelvinfixx > 2014-02-28 14:12 | Report Abuse

Means good thing is coming, check out the warrant, even more eaten up.

Posted by Optimus1 > 2014-02-28 14:23 | Report Abuse

listen to kelivnfixx. buy!!!! whack until u don't remember your own name!!!!

Posted by KIMI06 > 2014-02-28 15:31 | Report Abuse

iris start moving.....hopefully next mpay...

Posted by ShinRenNeo > 2014-02-28 15:55 | Report Abuse

Hi cihiro, this guy aka newklear comment in investlah looks quite special. He seems to know something. Anyone here know this guy?

Posted by ShinRenNeo > 2014-02-28 15:56 | Report Abuse

If whatthis guys says id true, then there must be something liao...

Posted by tokemas > 2014-02-28 15:57 | Report Abuse

GST solution not IRIS not mpay but secetary firm JV with establish IT company akan dapat bettter get bedding price for this project...gua dah lari 27 sen tungu new restructure news.lol

Posted by tokemas > 2014-02-28 15:59 | Report Abuse

look MBL,Luster maybe meletup

Posted by hamajlin > 2014-02-28 16:56 | Report Abuse

trust u tokemas. i run 90%. left abit for gambling.

Posted by ran777 > 2014-02-28 17:13 | Report Abuse

Tokemas, which source is the news?

Posted by jt9988 > 2014-02-28 17:21 | Report Abuse

GST NOT for Iris and Mpay. GST # TRS

Posted by jsjy123 > 2014-02-28 17:43 | Report Abuse

i feel like i am watching drama here, the actors are tokemas, hamajlin, and jt9988....

Posted by azera > 2014-02-28 18:42 | Report Abuse

Quater report out already...good result

Posted by Bull13 > 2014-02-28 18:46 | Report Abuse

RM400k pat. No big deal.

Posted by cihiro > 2014-02-28 19:05 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1555021

Posted by jt9988 > 2014-02-28 19:06 | Report Abuse

IRIS CORPORATION BERHAD (302232-X)

16. Prospects

For the coming financial year 2014, the prospects for the core business remains bright. The Division’s revenue is expected to be derived mainly from the trusted identification’s projects, namely Malaysia e-Passport inlays, Nigeria e-Passport inlays, Tanzania e-ID cards project and Bangladesh MRP Passport project. The Automatic Fare Collection Project and banking cards will contribute positively to the Payment and Transportation’s performance.
In line with the Government’s ETP initiatives, more affordable housing programmes and modern rural projects are expected to be launched by the Government. The Management believes that the aforesaid initiatives would benefit the relevant divisions within the ICB Group such as its Sustainable Development Division, Food & Agro Technology Division and Koto Industrialised Building Division in the coming FYE 31 March 2014 whereby the Group may use its expertise in integrated farming systems and IRIS Koto Industrial Building Systems (“IBS”) with the successful implementation of the two Rimbunan Kaseh and one Sentuhan Kasih Programme in FY 2013, which are the modern rural programmes launched and undertaken by the Company. A sub-division will be established in the coming financial year under the Food & Agro Technology Division for marketing and distribution of farm produce generated from the Rimbunan Kaseh and Sentuhan Kasih farms. The company anticipates that the various marketing and distribution mechanism would help the Division to improve its performance in the coming financial year 2014.
For the Environment & Renewable Energy Division, the 700-tonnes Waste-to-Energy Incinerator Plant in Phuket, Thailand and the newly set up 300-tonnes Food Waste-to-Fertilizer Plant in Weinan, China are expected to produce positive results in the coming financial year 2014.
In view of the above on-going contracts, the Group is optimistic that its performance will remain satisfactory for the financial year ending 31st March 2014.



MPAY

3. Prospects of the Group

The Group has successfully launched the Mobile Point Of Sales (“MPOS”) with Bank Islam Malaysia Berhad in December 2013 and successfully deliver the credit card terminals for TEKS1M project meanwhile, the launch of MPOS with Malayan Banking Berhad (“Maybank”) is pending approval from Maybank’s procurement division. The Group has increased the headcount for both senior managers and sales staffs on the ground last quarter to facilitate the launch of MPOS solution services. Arising therefrom, the Group registered better growth in its merchant acquisition business for the fourth (4th) quarter. In December 2013, the Group had acquired a 50% equity stake in ManagePay GTF Sdn Bhd (“MPAY GTF”). The remaining shareholders were Global Tax Free Company Limited (“GTF”), an Approved Refund Agency (“ARA”) based in Korean with 30% equity stake and eTRS GTF Systems Sdn Bhd (“eTRS”), a bumiputera controlled company specialising in retail consulting services, operations, marketing and technology application specifically in the retail services industry with the remaining 20% equity stake.
The intended business activity of MPAY GTF is to become an Approved Refund Agent (“ARA”) under Tourist Refund Scheme (“TRS”). An ARA is an agent appointed by the Government (vide a tender process) who will process and refund goods and services tax claims made by outbound tourists. The main stream of revenue for the ARA is derived through the administrative fees for processing the abovementioned goods and services tax claims refunds.
A tender to appoint an ARA under the TRS has been called by Jabatan Kastam Diraja Malaysia (Royal Malaysian Customs Department (RMCD)) and we have submitted a proposal for the tender in December 2013. The results for the tender is still pending as at the date of this announcement.
The Group also plans to invest in e-Money system development project in year 2014. The Group has viewed the e-Money business segment as a viable opportunity to establish itself in the segment in view of the shift from traditional payment practices to electronic payment and e-Money in the developed countries. As this segment is relatively under-developed in Malaysia, the Board intends to leverage on its current expertise in electronic payment systems to develop and to empower e-Money related projects in Malaysia.
The Board of Directors are of the view that, barring any unforeseen circumstances, the Group is moving towards developing a sustainable multiple source of income streams in the coming years by providing Third Party Processor, Third Party Acquirer, ARA and e-Money services in relation to the acceptance of electronic payment services in Malaysia.

Posted by cihiro > 2014-02-28 19:13 | Report Abuse

Yup Shin. also he knows everything about Mpay history too. He must be the insider.

Posted by madiba > 2014-02-28 19:53 | Report Abuse

As expected strong set of results indicating an upturn in net earnings kicking in. Key highlights: Cash & clean receivables of RM 24.8 million, 92% increase in quarterly revenue growth, huge jump in gross quarterly profit to RM 600,000 compared to only RM 25,000 previously, no bad debt and zero borrowings.

All these indicates strong earnings upturn of current businesses plus a solid balance sheet to undertake the TRS contract which is a pre-requirement of the tender by Customs (as indicated in The Edge report).

The above has not even taken into account of another RM 5.7 mil raised through the recent private placement and the exciting new shareholder in Dato Dahlan linked to the Tourism Minister, a core essential in doing business in Malaysia especially with regards to the TRS contract.

All green light no red flags to date. Holding my position. Good to go!

Posted by cihiro > 2014-02-28 20:06 | Report Abuse

Very thanks madiba, been waiting your technical comment since this evening.

Posted by wee888 > 2014-02-28 20:51 | Report Abuse

tks for highlighting and provide an insight into the counter.

Posted by ran777 > 2014-02-28 21:37 | Report Abuse

Thank you very madiba for your material.Whatever your goodself had been mentioning so far have come to reality. Pls on behalf of me and those sincere forumer, continue to provide us your valuable insights and infos. Thks

Posted by 4u2c > 2014-03-01 01:09 | Report Abuse

small company looking for a break thru.....as it is, they have good mgt n financially, they look ok..im for it.....if they dont get the project...will their share drop ? I dont think so....if they get the project ??? rtns banyak lo !!!!!

Posted by 4u2c > 2014-03-01 01:10 | Report Abuse

the fear is, over 3 wks, it has risen 70 pct already....

Posted by Wen Hua > 2014-03-01 01:14 | Report Abuse

thanx madiba

Posted by lt54 > 2014-03-01 01:39 | Report Abuse

Based on yr positive feedback madiba....i keep buying mpay. It has given me good returns, tk u

Posted by cihiro > 2014-03-01 09:23 | Report Abuse

me too. i hold warrant 80k unit. mother already sell and untung sikit. i anchovies je.

Posted by cihiro > 2014-03-01 09:24 | Report Abuse

after cut loss AAX, hope Mpay will recover the loss.huhu..

Posted by keyin > 2014-03-01 11:53 | Report Abuse

Warrant still ok to hold?? Tp?

Posted by Bull13 > 2014-03-01 13:20 | Report Abuse

4u2c. U r rite. 70%rise in 3 weeks is too fast too soon. March will be a correction month. See if Mpay can withstand the pressure.

Posted by hamajlin > 2014-03-01 15:07 | Report Abuse

Tp 0.32 warrant 0.16

Posted by madiba > 2014-03-02 18:38 | Report Abuse

Forgive me but I am not a chart reader nor a % movement analyst but I can tell you a couple of chart observation without going into dragonfly doji, sashimi and stuff like that.(just kidding). I am purely a keen value added investor trying to spot changes in corporate business prospects and increase in shareholders' value before the professional institutional funds recommends them.

In the first leg Mpay surged from 16 sen to 25 sen before consolidating to a low of 23 sen and embarking on its second leg now breaking above the 25 sen resistance. That means it went up 9 sen in its first leg or 56% (from 16 sen) and retraced approximately 23.6% (2 sen) from the 25 sen resistance to 23 sen before rebounding. This shallow correction augers well for the stock momentum going forward.

I shall assume the second leg should be about the same given that all expectations in terms of corporate business changes/prospects, shareholding and results have come in spot on to remain bullish ie 9 sens upside range from 23 sens consolidation low projecting a second leg target of (23+9) = 32 sens. At the end of the second leg it should consolidate for approximately 23.6% or not more than 38.2% of the 9 sen range or 2-3.5 sen. Therefore I expect this leg to run to 32 sens and consolidating at support around 28.5 -30 sen after touching 32 sens.

I am never a chart trader but since everyone here seems to swear by % change and doji and dragonfly I might as well add my sashimi opinion. I do not believe March to be a deep consolidation month in fact I think the momentum and interest can only grow thus any consolidation will be well supported.

% change are always big and scary if you start from a low base like 14-16 sens but % consolidation from that upsurge is equally important and also a good indication of the 'potential weakness' of the counter which in this case is only 23.6% of the whole 9 sens run or 2 sens only. So no bearish dragonfly doji for me but just plain good 'chi' to 32 sens immediate term with support at 28.5- 30 sens when consolidation sets in. I don't swear by this but lets observe whether this gels in with my corporate research observation. Not perfect but the empirical evidence seems supportive.

Posted by wee888 > 2014-03-02 19:02 | Report Abuse

A useful piece of information. Tks madiba.Hope the script comes true!

Posted by dfsbipohsch > 2014-03-02 19:05 | Report Abuse

Hi everyone still can go in for MPAY base at 0.27 right now

Posted by imanos123 > 2014-03-02 19:27 | Report Abuse

Thanks Madiba I believe your comment have help many people make money and I believe good things will come to people with positive attitude like u

Posted by kk123 > 2014-03-02 19:32 | Report Abuse

For some unknown reason this counter has moved up "thus far"..
"maybe" the operator of this stock is OSK
One need to be very careful before jumping into any of these "hot stocks" as once it turns cold , blood will flow , huge money will be erased from the system
Just some friendly advice

Posted by ikan bilis > 2014-03-02 22:02 | Report Abuse

Fuyoh ! Madiba, Very good sashimi opinion, good analytical & factual points, talk with using brain , earn my respect! ( a good slap to those talk without using brain, worst is empty bases make most noise, or simply guess, teka - teki ppl)

Posted by leslieroycarter > 2014-03-03 09:37 | Report Abuse

now is bear engulfing harami ...no more sashimi and stuff like that.....usually good advice is in bad taste , everybody like to hear good words and praises...it is a fact in life....