@Loy88, BBoy is sarcastic-ing me because he has "won" because Mpay didn't up. But anyhow, i don't feel hurt at all because i do investment not to compete with people or trying to show who is smarter. Anyhow, i nvr giving any sell/buy recommendation as those who do so has their own intention for his self-benefit. and i nvr-ever do contra.
fact that it hasn't gone up after lunch today means its a good bye. unload ... unload ... unload. !!! .... but the support at 24 seems suspiciously resilient. Those who loves gambling will like this now. OOmmmmmmmm...
Hi tronx. Just discovered this stock and have studied up their business and the accounts. Cash at bank is very good, RM 67.687m, debts and trade payable very low . Cash from investing activies is positive around RM 38.58 m. Although cash from operating activities is negative, but still not too bad. The most important is the e-pay concept which is relevant in these modern times. This company has a lot of room for growth.
everyone seems to forget that MPAY also have P2P license granted by SC last Nov-16. And according to SC, all P2P operators are expected to be fully operational in 2017!
long story short, GHL almost limit up. No more roam to push then Mpay come in thought immediately. Their timing is so close. When one limit up , one start flying.
sarisatriya. I haven't seen anything of substance from their P2P nor of all their MOU's . a lot of insinuations here and there and vapourware. unless u are a badminton player. Mpay could be one of those that could have been but did not bcos of mgmt issues or just too in love with an iT company that did not focus on the market. They really need to make the jump to transform .... soon.
The Board of Directors of MPay wishes to announce that a new subsidiary in Malaysia has been incorporated on 13 March 2017 known as Quickash Malaysia Sdn Bhd (“Quickash”)(“Incorporation”). Quickash is a wholly-owned subsidiary of ManagePay Services Sdn Bhd (“MPSB”) where MPSB is a wholly-owned subsidiary of the Company.
Information of Quickash
Quickash is incorporated on 13 March 2017 with its registered office at 16-A (1st Floor), Jalan Tun Sambanthan 3, Brickfields, 50470 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.
The issued share capital of Quickash is Ringgit Malaysia Two (RM2.00) only divided into two (2) shares only.
The Directors of Quickash are Dato’ Chew Chee Seng and Mr Soon Kian Heng.
The intended activities of Quickash are to provide peer-to-peer (P2P) financing platform and as market operator licensed by the authority.
Rationale for the Incorporation
On 1 December 2016, MPSB has obtained the concurrence from Securities Commission Malaysia for MPSB to set up Quickash to operate the P2P financing platform under Section 34 of The Capital Markets and Services Act 2007.
Quickash will be injected with a fresh capital of RM5.0 million so that it is in best position to stay focus in its sole primary business activities to offer its best services to its users (investors and issuers) as a P2P financing platform operator and unknot intertwined with regulation, policy and guidelines only applicable to MPSB’s merchant acquiring and e-money issuance services regulated under the Financial Services Act 2013.
Quickash shall proceed to obtain a MSC status from Malaysia Digital Economy Corporation (MDeC) so that Quickash would enjoy the benefit of its pioneer status of 5+5 years tax incentives and it could reinvest its profit into making the Quickash P2P financing platform a robust and reliable services for both investors and issuers.
Directors’ and/or Major Shareholders’ Interests
None of the Directors and/or major shareholders of MPay and/or persons connected with them have any interests, direct or indirect, in the Incorporation.
Financial Effects
The Incorporation will not have any material effect on the earnings per share and net assets per share of MPay for the financial year ending 31 December 2017.
The Incorporation will not have any effect on the share capital, gearing and substantial shareholders’ shareholdings of MPay.
Approvals Required
The Incorporation does not require approval from the shareholders of MPay or any other relevant authorities.
Directors’ Statement
Having considered the rationale and the effects of the Incorporation, the Board of Directors of MPay is of the opinion that the Incorporation is in the best interest of the Company.
Tomorrow this stock will fly...NETX. See todays announcement.....signed licensing agreement on HK co on e-pay, EMV and PCI compliant teminal, and othe cashless instruments. Looks like this will be the new MPAY in the making...
bull13 and f1888 both of you trying to speculate the market and wanna make everyone panic sell ha? mpay is good. dont ask people to huy netx here.. go to netx la. oh by tje way, u try to promote netx coz u want others to buy at higher price right? it went up already.. i dont think i wanna buy at higher price.. nanti stuck kat puncak maaa.. u sell your netz first then price cheaper then i will buy it
Nobody trying to promote buying here. This is the year of E commerce like what 2014 was for GST. A lousy stock like Mpay is 24s as compared tp NetX at 4s which is now the cheapest e commerce co at the moment.
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....
millionology
251 posts
Posted by millionology > 2017-03-29 17:06 | Report Abuse
i am buying on long term business perspective. i am not day trader aiming to hit 1-2 cents of profits then run