iFAST

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Rainbow 
agrees.
ifast is definitely a great company.

I benefited tremendously from all the kind sharing by valuebuddies.

Thank you very much.



Stay home and stay safe, everyone.
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Digital Banking License goes to...

https://www.straitstimes.com/business/ba...ts-digital

Please do your own due diligence. Any reliance on my posts is at your own risk.
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Ah, so that's the reason for the spike in iFast price today? iFast kena query on sudden increase in price.
https://links.sgx.com/1.0.0/corporate-an...f65c0f4c43

But Singtel and Sheng Siong price didnt move (vested in iFast, Sheng Siong and Singtel; none for digital banking reason). Looks like iFast was a vehicle for speculators.

iFast is a mostly B2B biz, not getting digital banking license is a miss, but should not be devastating to core business or its expected earnings growth.
B2B example: needed my financial planner to help me to get in to use their platform; feels exclusive haha.
iFast FAQ:
"Do I need an adviser to stay on the platform?
Yes, we are a business-to-business company, so you need an adviser to use all the tools and services that we offer."
B2C: Old FSM has been doing doing fine without digital banking license.

If market over-react may give those who believe in the organic growth (including China theme) a chance to load up at $1-ish. iFast was a good dividend paying stock with growth theme. It's yield now is horrible - for those who are in accumulating phase.
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(04-12-2020, 07:36 PM)Squirrel Wrote: Digital Banking License goes to...

https://www.straitstimes.com/business/ba...ts-digital

So should we anticipate a drastic drop on Monday,?
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(05-12-2020, 10:04 AM)pianist Wrote:
(04-12-2020, 07:36 PM)Squirrel Wrote: Digital Banking License goes to...

https://www.straitstimes.com/business/ba...ts-digital

So should we anticipate a drastic drop on Monday,?

Honestly, I don't know. Not a TA person.

Won't hope for that also, since I am not looking to buy into it at lower prices.

Good luck to those vested.

Please do your own due diligence. Any reliance on my posts is at your own risk.
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Rainbow 
ifast announcement
As stated in MAS’ announcement, MAS will review whether to grant more of DWB licences in the future. iFAST will continue incorporating innovative use of technology and pursuing such licences to better serve the needs of customers in Singapore.
https://links.sgx.com/FileOpen/Updates%2...eID=641620

Stay home and stay safe, everyone.
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Until CIRB!
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(07-12-2020, 09:06 AM)edragon Wrote: Until CIRB!

Not sure at what price that will happen - but at 10 am it's down 30% (~2.7),  still a bit expensive for my own valuation. 

Have seen DCF valuation from $2 to >$3.5.
Looks like some see the digital license as some kind of guaranteed cash flow or earnings.
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(07-12-2020, 02:01 PM)desmondxyz Wrote: waiting at $1

That's lower than the figure in my most conservative valuation model.
But alas, having a good part of my stocks staying "undervalued" is a norm - for iFast I do remember getting some <$1 within 2020 itself. 

iFast went from undervalued to overvalued (my own valuation) in a span of few months. 

Various estimations in DCF (EBITDA & revenue, 5Y) gave >$1 (most scenarios gave >$2) valuations.

Valuation by earnings multiple, $1 looks undervalued too. 1Q20, 2Q20 & 3Q20 fully diluted eps were 1.32, 1.63 and 2.18 cents respectively; vs  FY16 eps 3+ cents also trading at about $1. 

(vested)
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(07-12-2020, 09:06 AM)edragon Wrote: Until CIRB!

hi Folks,
Take note that 1-liner posts in VB are not allowed.

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