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IFAST
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STI to cross 3000 boosted by long-term investors
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MakeChanges
Elite |
11-Jan-2022 07:41
Yells: "No price is too low for a bear or too high for a bull" |
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PLACEMENT OF 14,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF iFAST CORPORATION LTD. | ||||
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MakeChanges
Elite |
11-Jan-2022 07:40
Yells: "No price is too low for a bear or too high for a bull" |
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RESUME TRADING | ||||
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hokpin
Supreme |
11-Jan-2022 07:37
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How will the share price movement today? Will it go below 7.30? | ||||
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tangsookiam1947
Master |
10-Jan-2022 21:18
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If u read the AR of BFC bank, it has more than sufficient Capital Adequency ratio. === Capital and Liquidity Position Capital position strengthened during the year This year our shareholders have invested an additional £ 2.5m of equity capital in the Bank (2019: £ 5.2m) thereby increasing total capital to £ 44.7m (2019 £ 42.2m). As at 31 December 2020, the Bank&rsquo s Total Tier 1 Capital ratio position was 28% (2019 35%) and a Leverage Ratio of 20% (2019: 15%). The uncertainty surrounding Brexit has caused ongoing volatility in the strength of sterling, as a result of which the Bank has held additional capital to protect against Market Risk. The Bank closely monitors its CET1 capital surplus, to ensure that it operates within Board agreed tolerances, and maintains a 5-year forward projection to ensure that it operates with a surplus above the minimum level required to provide for Pillar 1, Pillar 2 and the PRA Buffer. From a liquidity perspective, the Bank has a Liquid Assets Buffer (LAB) of £ 26m (2019 £ 67m). The LAB principally comprises cash held in vaults and investments held in the Bank of England Reserve Account. The nature of the business ensures that the Bank continues to operate with an extremely strong Liquidity Coverage Ratio (LCR) that is well above the minimum 100% regulatory limit. The Bank offers range of 3, 6 and 12-Months Fixed Rate deposits to both retail and SME clients as wells 95 days&rsquo notice account. It raised the required amount of deposits during the year to provide working capital to underpin growth of the business. +++++++++++++++++++++++++++++ Ifast' s announcement There will be an additional Injection Amount of £ 15.0 million (approximately S$27.5 million) to fund a capital injection into BFC Bank. The Total Investment Amount of £ 40.0 million (equivalent to approximately S$73.4 million) comprising the Acquisition Amount of £ 25.0 million (equivalent to approximately S$45.9 million) and the Injection Amount of £ 15.0 million (approximately S$27.5 million) to subsequently fund a capital injection into BFC Bank represents 3.2% of the Company&rsquo s market capitalisation (based on the total number of issued shares excluding treasury shares) at 5 January 2022.
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[email protected]
Member |
10-Jan-2022 20:08
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Well. Ifast is still sgx tops in 2021. Just like it was in 2020. 2022 still 355days to ascend. If not in line with their charter sure shd sell or short Those of us waiting to buy in will thank you. | ||||
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superstartup
Supreme |
10-Jan-2022 17:20
Yells: "Enjoy doing Fundamental Research" |
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Digital Bank need to maintain Capital Ratio (Basel Accord)? If yes, then the valuation of IFast (target share price) will likely dropped from over 40x PE to a much lower PE, or a lower Blended PE between Bank and Fintech. Over at China, ANTS (operating like a digital bank) eventually get targeted by regulator. Trade w care.
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CheeryVGoh
Supreme |
10-Jan-2022 17:13
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Indicative secondary placemnet price $7.30 to $7.50. I cut small loss at 8.6+ in Nov 2021. Should I buy back if drop to lower than / around $7.30?
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shadowfudo
Member |
10-Jan-2022 16:58
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Running a bank will be a completely different ball game from fintech firm. Just trying to keep up with the UK bank regulations will be a big distraction for iFast. BFC is a very small bank (200+ depositors) with limited banking services, not even a digital bank. This is a sign of desperation from iFast - trying to just grab anything that says it is a ' bank' . |
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Hector
Veteran |
10-Jan-2022 16:23
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think ifast current price is highly priced with low profit and super high PE most likely can short and buy back lower anyway DYODD since ifast is higher speculative stock |
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uiop1223
Supreme |
10-Jan-2022 16:16
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Whos shorting 😘 😘 | ||||
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ETLee8
Master |
10-Jan-2022 16:10
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Investors must know IFAST NTA is only 18.28 cts. Citi recommend SELL
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share888888
Member |
10-Jan-2022 15:27
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crazy?? bank all so high.. now is the time sll in ifast🤤
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john_ric
Supreme |
10-Jan-2022 14:56
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Use your mone6 to buy bank. | ||||
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ahhuat08
Elite |
10-Jan-2022 12:32
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how come the edge is faster than sgx announcement
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[email protected]
Member |
10-Jan-2022 11:48
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https://www.theedgesingapore.com/news/equity-raising/ifast-raise-75-mil-share-offer-7-discount | ||||
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MakeChanges
Elite |
10-Jan-2022 09:08
Yells: "No price is too low for a bear or too high for a bull" |
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stansays
Member |
10-Jan-2022 09:00
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Alamak.. TH again just like Fri. Okay. Sell on news again 
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MakeChanges
Elite |
10-Jan-2022 08:21
Yells: "No price is too low for a bear or too high for a bull" |
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TRADING HALT ! | ||||
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puayheng
Member |
10-Jan-2022 08:16
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Their mgmt has been clear having a bank is an important part of their 5 year business plan. Only surprise is it is a UK based bank but if it can serve the same purpose and considering the relative low cost, it may not be a bad idea after all. Making tha acquired banking services available to existing Asian clients seems to be the key as in second paragraph below. Extracts from their press release: " Wealth management platforms with seamless links to good digital banking services that allow consumers and investors to manage payment flows seamlessly across borders while getting attractive deposit rates in various currencies, will have strong advantages." " The acquisition after some technology upgrades, will allow the Group&rsquo s clients in its current eco-system across the various Asian markets to have access to services including online account opening, multi- currency deposits, remittances and cross-border transactions, and Banking as a Service (BaaS)." |
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[email protected]
Member |
08-Jan-2022 10:56
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https://drive.google.com/file/d/1C1vGF7unL7mfcjNxj6DzUeILr8SBwPt7/view?usp=drivesdk | ||||
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