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think2profit Master	16-Nov-2017 21:16        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	may  be  a  one night stand as it' s still loss making in last q
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WSJ.Shares Veteran	16-Nov-2017 16:37        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Time to chong back or higher? think2profit      ( Date: 30-Oct-2017 12:35) Posted: waking up liao. now watching for volume to trade WSJ.Shares      ( Date: 15-Oct-2017 16:28) Posted: Mr IPS Securex, PLS wake bro!!!
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think2profit Master	30-Oct-2017 12:35        think2profit About Contact  Quote this Post!
x 0   x 0  Alert Admin	waking up liao. now watching for volume to trade WSJ.Shares      ( Date: 15-Oct-2017 16:28) Posted: Mr IPS Securex, PLS wake bro!!!
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WSJ.Shares Veteran	15-Oct-2017 16:28        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Mr IPS Securex, PLS wake bro!!!
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WSJ.Shares Veteran	19-Sep-2017 10:43        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	IPS has made an allowance of doubtful debt of ~SGD3m, which involves the sale of PepperBall and related equipment to one of its regional customers. We think the probability of repayment is low, as well as the fulfilment of the USD54.8m LOI. As a result, we have removed the sale from our estimates, which results in a lower DCF-backed TP of SGD0.09 (from SGD0.34, 13% upside). In addition, certain project delays, like AOT&rsquo s airports upgrades, also hamper its prospects going forward. Hence, we downgrade the stock to NEUTRAL (from Buy). Allowance of doubtful debt of ~SGD3m. IPS Securex Holdings (IPS) has made an allowance of doubtful debt of ~SGD3m. This involves the sale of PepperBall and related equipment to one of its South-East Asian customers. Previously, we understood that the customer had signed an agreement subsequent to the year end for instalments to be paid from Aug 2016 to Sep 2018. IPS received an initial payment of SGD0.7m in Aug 2016 but, subsequently, faced continuous delays in terms of the instalment payments. As a result, we think that the odds of the customer repaying in the near term is very low, and the write-off would provide the company with a better base to start afresh. However, any repayments in future ought to provide uplift for IPS&rsquo financials, as it would be recorded as other income in the P& L. Letter of Intent (LOI) worth USD54.8m unlikely to be fulfilled. On 29 Apr 2015, IPS announced that it had received a LOI with a total contract value of USD54.8m to supply to a government body in South-East Asia over a 2-year period. Initial orders were received, but payments and subsequent orders have been delayed multiple times. As a result, we think that the fulfilment of the USD54.8m LOI is very low, and have removed it from our FY18 and FY19 estimates. This results in our NPAT being lowered substantially by 68% (FY18) and 71% (FY19). Participating in new tenders. With the acquisition of security solutions provider Yatai Security & Communications Pte Ltd (Yatai) &ndash as well as the hiring of a few senior personnel to help grow the business &ndash we believe management is continuing to participate aggressively in the supply of scanning equipment for checkpoints and airports, especially in Singapore. Any contract wins would also help to build up IPS&rsquo maintenance recurring revenue base over the longer term. Downgrade to NEUTRAL (from Buy) with a lower DCF-backed SGD0.09 TP (13% upside). With the removal of the PepperBall sale, which makes up a substantial amount of our NPAT and investment thesis, coupled with certain project delays like Airports of Thailand&rsquo s (AOT) (AOT TB, BUY, TP: THB46.50) airports upgrades and increased manpower costs due to the hiring of a few new senior personnel, we downgrade this counter to NEUTRAL (from Buy) with a lower DCF-backed TP of SGD0.09. A key risk to our call is delays in government payments or orders.
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WSJ.Shares Veteran	08-Sep-2017 22:16        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Any outlook on this stock? I' m confuse with this share play.... seems penny soon
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WSJ.Shares Veteran	22-Aug-2017 14:57        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The CEO wait till all wanna give up their share, then come buy some at super low price.... OMG
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guiren Veteran	20-Aug-2017 19:00        guiren About Contact  Quote this Post!
x 0   x 0  Alert Admin	You meant he bought the shares from open market to show his supports ?? TQ   WSJ.Shares      ( Date: 20-Aug-2017 13:25) Posted: now IPS Securex CEO (Kelvin) buys in so cheap... wtf.... the share price drop like shit... don't know how can get 10 fold profit sia.... Sigh!!!
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WSJ.Shares Veteran	20-Aug-2017 13:25        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	now IPS Securex CEO (Kelvin) buys in so cheap... wtf.... the share price drop like shit... don't know how can get 10 fold profit sia.... Sigh!!!
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WSJ.Shares Veteran	17-Aug-2017 10:23        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OMG, the result is now all the way down to hell... no idea wheater will recover profit anot
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Laoliu Veteran	10-Aug-2017 15:20        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Getting more and more rubbish counter at SGX here, this is one of it. Avoid and Delete
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WSJ.Shares Veteran	10-Aug-2017 12:36        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I think this counter no more hope
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WSJ.Shares Veteran	07-Aug-2017 12:51        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	OMG, profit warning liao... confirm Loss T.T
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WSJ.Shares Veteran	03-Aug-2017 11:39        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	I think upcoming result maybe very challenging liao, It' s peer " Secura" Q2 result -  (Loss)/profit for the period: (94)
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WSJ.Shares Veteran	09-Jul-2017 06:56        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	AGM is around the corner, let' s hope for the BEST :)
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guiren Veteran	18-Jun-2017 17:08        guiren About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, WSJ.Shares, you are right. Knowing that the company is in good hands ,,
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WSJ.Shares Veteran	18-Jun-2017 17:02        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	no wories, the best yet to come :) guiren      ( Date: 17-Jun-2017 10:36) Posted: Yes, IPS is a good name in the industry since the day they started to supply construction  equipments   ,, mogambo      ( Date: 09-Jun-2017 21:39) Posted: I have put this in my watch list   .. fundamentals are improving over period , revenues are growing at a slower rate of 4% over a year by just see EBITDA growth at 117%,   Net Income and Normalised EPS have grown at 182%... Debt is low...   Price to book is at 3.299, Price to Earnings is currently at 16.514 which makes it fall under the undervalued scrip segment. its worth to watch as price is at dead bottom as most of its orders from govt projects come in the mid of the year..   Profits and Income wise is doing better and markets have yet to see it potential. Its   a value buy as gross profits are hitting 50% of revenues and Net income will ulock over a period.. Cash flow is good so far
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guiren Veteran	17-Jun-2017 10:36        guiren About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, IPS is a good name in the industry since the day they started to supply construction  equipments   ,, mogambo      ( Date: 09-Jun-2017 21:39) Posted: I have put this in my watch list   .. fundamentals are improving over period , revenues are growing at a slower rate of 4% over a year by just see EBITDA growth at 117%,   Net Income and Normalised EPS have grown at 182%... Debt is low...   Price to book is at 3.299, Price to Earnings is currently at 16.514 which makes it fall under the undervalued scrip segment. its worth to watch as price is at dead bottom as most of its orders from govt projects come in the mid of the year..   Profits and Income wise is doing better and markets have yet to see it potential. Its   a value buy as gross profits are hitting 50% of revenues and Net income will ulock over a period.. Cash flow is good so far. Jjja1992      ( Date: 08-Jun-2017 14:52) Posted: Anyone can update this stock ? Y keep dropping ?
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WSJ.Shares Veteran	17-Jun-2017 02:39        WSJ.Shares About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	:(
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Laoliu Veteran	14-Jun-2017 12:03        Laoliu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rubbish counter, I been monitoring this counter since it was 0.300 plus level, until then it keep on dropping till this current value. AVOID AND DELETE.
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