iFAST

[money]

By Q4 2024 or Q1 2025, iGB should breakeven. We will know soon...

Given today's (9 sep 2024) valuation of about 2b, i will be more interested to know how much profits the entire firm is making in 5 years time.

Even if iGb breaks even and makes small profits, my guess is management will just say pass on most benefits to consumers because it is for the overall ecosystem

Interesting point from Sakura Research in referencing the AR of iGB and EPHL. 

https://sakuraresearch.com/?p=155
"iFast management aims to have a profitable quarter in Q4, 2024 at its UK bank operations. Nevertheless, according to the iGB and Eagle Peak Holdings Limited (EPHL) 2023 annual reports, they do not expect meaningful profitability of iGB bank in the foreseeable future"

Interesting read on the sakura research.

https://sakuraresearch.com/?p=26

i was also reading another article.
i agree with the intense fees competition in every market that IFAST operates. India down. China struggling. HK - little chance of competing successfully. SG and Malaysia - not too sure.

Just wondering...

Could the recent jun 2024 100m raised be used to pump in more capital into the UK bank?

IMO, if the UK bank is a bad buy, perhaps it is better to write it off than to pump in good money after bad?

If the business model is asset light, why the need to raise 100m?

[Curiousparty]

all queries are already answered before in FAQs.... Beyond a certain point, it is quite pointless to engage...haha ....just let be it...haha...waste time for company to engage investors. They should just focus on their own ops....

[Curiousparty]

By Q4 2024 or Q1 2025, iGB should breakeven. We will know soon...

Given today's (9 sep 2024) valuation of about 2b, i will be more interested to know how much profits the entire firm is making in 5 years time.

Even if iGb breaks even and makes small profits, my guess is management will just say pass on most benefits to consumers because it is for the overall ecosystem

Interesting point from Sakura Research in referencing the AR of iGB and EPHL. 

https://sakuraresearch.com/?p=155
"iFast management aims to have a profitable quarter in Q4, 2024 at its UK bank operations. Nevertheless, according to the iGB and Eagle Peak Holdings Limited (EPHL) 2023 annual reports, they do not expect meaningful profitability of iGB bank in the foreseeable future"

Interesting read on the sakura research.

https://sakuraresearch.com/?p=26

i was also reading another article.
i agree with the intense fees competition in every market that IFAST operates. India down. China struggling. HK - little chance of competing successfully. SG and Malaysia - not too sure.

Just wondering...

Could the recent jun 2024 100m raised be used to pump in more capital into the UK bank?

IMO, if the UK bank is a bad buy, perhaps it is better to write it off than to pump in good money after bad?

If the business model is asset light, why the need to raise 100m?

Fully agreed with you that IGB is a bad buy...haha....it is a Goner stock....better dump asap...haha