Posted by JamieC > 2015-12-01 09:42 | Report Abuse

bullbear777 apa tunggu lagi...kasi sapu itu semua 0.25 lah!

Posted by bullbear777 > 2015-12-01 09:46 | Report Abuse

sudah lah wakakakka

Posted by JamieC > 2015-12-01 09:46 | Report Abuse

wah bullbear memang panlai...terus sapu sampai habis! :O

Posted by bruce5113 > 2015-12-01 09:48 | Report Abuse

Yes...jamiec...now rebound back... :-D up up up...mpay... :-D :-D :-D

Posted by JamieC > 2015-12-01 09:49 | Report Abuse

bruce now ur turn to sapu all the 0.255 loh! faster!!

Posted by bullbear777 > 2015-12-01 09:49 | Report Abuse

Nama saya bullbear jangan main main wakakaka. Berani kerana betul hehehe.

Posted by bruce5113 > 2015-12-01 09:52 | Report Abuse

This quarter loss is because of their chipsets and system upgrade which required by BNM as mention on quarter report, so this quarter loss not because of business failure but expenses to upgrade system, so it not consider bad news... :-D up up up...mpay... :-D :-D :-D

Posted by JamieC > 2015-12-01 09:58 | Report Abuse

wow bruce ur buying power also not bad leh :D

Posted by bruce5113 > 2015-12-01 10:01 | Report Abuse

Wow...OCBC letter really that powerful? Can turn quarter loss to green now... :-D Up up up...mpay... :-D :-D :-D

Posted by madiba > 2015-12-01 10:46 | Report Abuse

Post analysis:

Significant notes in the account -

(1) 'Hence, the Group has decided to make a provision for impairment on its older Chip and Sign technology related inventory and fixed asset totaling RM7.204 million. As a corporate strategy, the Group has started promoting our payment solutions and services to countries where the payment industry still adopts the Chip and Sign technology. The Group may write back some recoverable value once this inventory is successfully rolled out to these countries' ' This is unlikely to be repeated in the next quarter '.


Comments : Third quarter loss due to one time provision. Further write off unlikely to re-occur and more likely positive write back next year once the older technology is migrated over to neighbouring countries still using the chip & pin.


(2) 'The Group cash position and liquidity remains robust with a healthy cash equivalent balance
exceeding RM 80 million and zero outstanding debt. The Group balance sheet remains strong with a net asset backing of RM0.15 per share, an increase of 2 sen compared to RM0.13 per share in the corresponding 3 quarters preceding period'

Comments : Confirmation of my earlier September 2 2015 analysis:-

Sep 2, 2015 10:02 AM | Report Abuse

1) RM 80 million cash in the bank.
2) Strong balance sheet.
3) Zero debt.

(3) 'As a corporate strategy to ramp up the Group earnings, it intends to enter into smart partnerships with various key industry players in the financial, retail, e-commerce and big data eco-system to enhance and expand the Group business revenue channels.'

Comments: In the pipeline already beginning with the huge retailer association called MRCA and then a company called Fusionex in big data. Expect more significant partnerships that will 'ramp up earnings'.

-------------------------------------------------------------------------------------------------------

In a nutshell these are confirmation as in my November 23 2015 write up ie:

Nov 23, 2015 11:41 AM | Report Abuse

Good morning all. Yes the FY quarter is indeed late and if no announcement is made by tomorrow latest I suspect the results will not be favourable in the short term.

Given that the company is pushing hard for its emoney roll out ie high burn rate and the sequential difference in new contract bookings I will not be surprise if it registers a loss although cash in the bank should still be above RM 70 mil if not higher.

Further given that Mpay and all other players in the payment terminal industry are migrating over to the new chip and pin technology as required by Bank Negara in 2016 and beyond, this opens up the possibility of financial provisions required for old software technology and inventories already spent.

In a nut shell I do not expect a good financial quarter reporting. These provisions (if any) is part and parcel of prudent financial accounting management and it does not change the bright outlook of the company in 2016 and beyond. Good luck all and I stand ready to buy on any major weakness arising there from the news.

_________________________________________________________________

These are great buying opportunities for those who analysed it well. Good luck everyone!

Posted by alibabacoming > 2015-12-01 10:49 | Report Abuse

mpay green hehe

Posted by bruce5113 > 2015-12-01 11:14 | Report Abuse

Madiba...i get what u mean...up up up...mpay... :-D :-D :-D

Posted by Rex2333 > 2015-12-01 11:16 | Report Abuse

Thanks to Madiba.

Posted by madiba > 2015-12-01 12:46 | Report Abuse

Given that on such perceived 'negative' results, the stock did not encounter any massive selling and instead ended up on the morning session on good volume only means 3 things :

(1) 'Negative' result was discounted and priced in;
(2) No major shareholder selling;
(3) Likelihood of institutional funds and or major shareholders buying given the price stability.

I won't be surprise Mpay moving back up to the 29-30 cents level in December on the back of more positive announcements subject to no major weaknesses on Bursa or overseas bourses.

Posted by bruce5113 > 2015-12-01 12:47 | Report Abuse

ohh...thanks..madiba...up up up...mpay... :-D :-D :-D

Posted by bullbear777 > 2015-12-01 16:57 | Report Abuse

Yum yum lepas lunch macam saya kata semalam wakakaka.

Posted by bruce5113 > 2015-12-01 21:57 | Report Abuse

today up 0.020...up up up...mpay... :-D :-D :-D

Posted by SStrader > 2015-12-01 22:35 | Report Abuse

... let's SPECULATE MPay's role in the following news flow:

http://www.sharetisfy.com/2015/04/mpay-0156-managepay-becomes-third-party.html

http://www.unionpayintl.com/en/enaboutUpi/ennewsCenter/encompanyNews/3004542.shtml

http://www.theedgemarkets.com/my/article/maybank-tap-chinas-card-payments-market-after-mou-china-unionpay

Posted by bruce5113 > 2015-12-01 23:13 | Report Abuse

yes...sstrader, i saw that maybank tap china card payment maybe got related to mpay, if that true, then mpay will further up up up...mpay... :-D :-D :-D

Posted by kelvinfixx > 2015-12-02 14:21 | Report Abuse

Explanation from madiba is frequent now, yesterday 2 posts after making 9 millions lost.

Posted by skyea > 2015-12-04 00:57 | Report Abuse

maybank sign directly w unionpay, why do i get the feeling its sidestepping mpay as middleman. maybe mpay doesnt have the capacity to meet maybank's scale

Posted by JamieC > 2015-12-07 20:32 | Report Abuse

Haiyo where got sidestepped...where got not enuf capacity...read carefully...mpay licensed to operate in selected countries only n not inclusive of china...

Posted by bruce5113 > 2015-12-07 23:39 | Report Abuse

up up up...mpay... :-D :-D :-D

Posted by pingkoh > 2015-12-08 17:01 | Report Abuse

Mpay in the uptrend, finally...

Posted by bruce5113 > 2015-12-09 00:04 | Report Abuse

yes...up up up....mpay... :-D :-D :-D

Posted by cheeseburger > 2015-12-10 10:00 | Report Abuse

up trend. Buy

Posted by bruce5113 > 2015-12-10 10:04 | Report Abuse

Mari mari...mpay...up up up... :-D :-D :-D

Posted by cheeseburger > 2015-12-10 11:14 | Report Abuse

dato buy again? huge lot gone into buyer pocket..

Posted by bullbear777 > 2015-12-10 11:14 | Report Abuse

Wakakaka saya untung lagi yahooo! Kan dah cakap masa 25 sen lepas result wakakaka..
Tapii madiba memang nombor 1! Terima kasih madiba.

I won't be surprise Mpay moving back up to the 29-30 cents level in December on the back of more positive announcements subject to no major weaknesses on Bursa or overseas bourses.
01/12/2015 12:46

Posted by teoh88 > 2015-12-10 11:26 | Report Abuse

Confirm Above 0.30 Year End 2015!

Posted by cheeseburger > 2015-12-10 11:33 | Report Abuse

TP 0.40

Posted by TSN430 > 2015-12-10 12:05 | Report Abuse

cheeseburger, where u get the info for TP ? really ? i hold for few month with above 0.30

Posted by yctee > 2015-12-10 12:26 | Report Abuse

Last quarter revenue 998,000, loss 9.416mil. Run for your life

Posted by rex2333 > 2015-12-10 12:35 | Report Abuse

bullbear, your turn (tiger show) in afternoon......hahaha...

Posted by star7 > 2015-12-10 13:21 | Report Abuse

Hahaha bull,u punya lambor lagi mau simpan diworkshop kah,apa ini tengok lagi boleh pakai kah ,hi5 wakaka

Posted by cheeseburger > 2015-12-10 14:05 | Report Abuse

up trend. Buy

Posted by bruce5113 > 2015-12-10 15:04 | Report Abuse

Star7, jumpa u kat sini juga... :-D up up up...mpay... :-D :-D :-D

Posted by wolf1 > 2015-12-10 15:34 | Report Abuse

32...come...come to papa

Posted by bruce5113 > 2015-12-10 15:39 | Report Abuse

what is mean by papa? :-D up up up...mpay... :-D :-D :-D

Posted by wolf1 > 2015-12-10 16:23 | Report Abuse

ur father lah.......but no momentum...supporter pls boost the price to 32

Posted by bruce5113 > 2015-12-10 16:46 | Report Abuse

wolf1, why involved my father? :-@ up up up...mpay.... :-D :-D :-D

Posted by cheeseburger > 2015-12-10 16:52 | Report Abuse

for this kind of stock, volume play a role. Strong volume indicates momentum. Today 39m volume is a highest record even for past 6 months. Traders may buy as a bullish bias could be present above this level

Posted by tattvooi > 2015-12-10 20:39 | Report Abuse

Make us continue to laugh all the way until 2016~

Posted by bruce5113 > 2015-12-11 09:17 | Report Abuse

Up up up...mpay... :-D :-D :-D

Posted by wolf1 > 2015-12-11 10:07 | Report Abuse

Mark yesterday volume beware of T-3. If today and following high trading and price move ..then ok..if not those ppl will dispose again.

Posted by bullbear777 > 2015-12-11 11:15 | Report Abuse

Wakakaka you memang tak kenal saya hahahaha you teka saya main contra kah?? Macam monyet tengok bulan wakakakaka.......

Posted by star7 > 2015-12-11 12:38 | Report Abuse

Hahaha bull,hihi ada semangat sekarang woh ,wakaka

Posted by bruce5113 > 2015-12-11 13:07 | Report Abuse

star7 & bullbear777 macam abang adik ketawa pun sama... :-D up up up...mpay... :-D :-D :-D

Posted by star7 > 2015-12-11 13:20 | Report Abuse

Hahaha bull,ini bruce kawan lama i,dia nak belajar lah,boleh u ajar dia sikit kah hihi wakaka

Posted by bruce5113 > 2015-12-11 13:24 | Report Abuse

star7, bull tak kenal saya, sebab saya bukan bear... :-D up up up...iris... :-D :-D :-D