IPS Securex    Last:0.031    -0.001

IPS Securex

The shell worth a lot of monies.. especially for good prospect of a Company...

Simonttb      ( Date: 25-Feb-2020 11:11) Posted: I think got something fishy fishy.. hope got shortlist come in.. I need to sell and buy back later... I suspecting businesses to big for him, might be makan by a bigger Company... WL123456      ( Date: 25-Feb-2020 11:06) Posted: That?s one of the biggest problem. 1.5c nav trading now at 7.8c. One will likely to suspect they will do a share issue soon and announce it?s a how many discount of its premium blar blar and more get sucked into the company to help them pare off their debt. But since people here for money to lend the company to pay off their creditors, why not the company take advantage of it right? Heh

 

I think got something fishy fishy.. hope got shortlist come in.. I need to sell and buy back later... I suspecting businesses to big for him, might be makan by a bigger Company...

WL123456      ( Date: 25-Feb-2020 11:06) Posted: That?s one of the biggest problem. 1.5c nav trading now at 7.8c. One will likely to suspect they will do a share issue soon and announce it?s a how many discount of its premium blar blar and more get sucked into the company to help them pare off their debt. But since people here for money to lend the company to pay off their creditors, why not the company take advantage of it right? Heh. Trader-101      ( Date: 25-Feb-2020 11:01) Posted: This whole thing is just pure speculation pls be aware that this can go up or down anytime within seconds. This NAV is just way too high. Be careful all. Hope u make money and get out safely lol.

 

Company MAYBE will not burst but share price will surely collapse soon

Simonttb      ( Date: 25-Feb-2020 11:06) Posted: I dun have a target for this... Just buy and sell.... I think the risk is low... Company will not bust lah.. fighting      ( Date: 25-Feb-2020 10:59) Posted: I bought at 0.067, I see it might cross 0.10. Good luck to u

 

That?s one of the biggest problem. 1.5c nav trading now at 7.8c. One will likely to suspect they will do a share issue soon and announce it?s a how many discount of its premium blar blar and more get sucked into the company to help them pare off their debt. But since people here for money to lend the company to pay off their creditors, why not the company take advantage of it right? Heh.

Trader-101      ( Date: 25-Feb-2020 11:01) Posted: This whole thing is just pure speculation pls be aware that this can go up or down anytime within seconds. This NAV is just way too high. Be careful all. Hope u make money and get out safely lol.

 

I dun have a target for this... Just buy and sell.... I think the risk is low... Company will not bust lah..

fighting      ( Date: 25-Feb-2020 10:59) Posted: I bought at 0.067, I see it might cross 0.10. Good luck to us Simonttb      ( Date: 25-Feb-2020 06:51) Posted: He is worry about the funds in the Company. Trade payable went up because of purchases of inventories to generate future sales. Part of the work done but not invoiced parked at current assets as contract. Advance collection and deposits, parked at current liabilities as contract, this one's no need to repay back, only when recognise as revenue, then reverse to revenue, accounting entries only... this is call % of recognisation of revenue, in layman term.. progress payments. There should be more progress payments coming in for the new contracts... Eg. Of progress contract, construction and ship building companies. By the way, thumb of the rule.. Dun fall in love with any stock, this one can buy and sell few rounds, I dun believe holding a particular stock too long.. I look more on the trading trend then the historical information in the FS.

 

This whole thing is just pure speculation pls be aware that this can go up or down anytime within seconds. This NAV is just way too high. Be careful all. Hope u make money and get out safely lol.

 

I bought at 0.067, I see it might cross 0.10. Good luck to us

Simonttb      ( Date: 25-Feb-2020 06:51) Posted: He is worry about the funds in the Company. Trade payable went up because of purchases of inventories to generate future sales. Part of the work done but not invoiced parked at current assets as contract. Advance collection and deposits, parked at current liabilities as contract, this one's no need to repay back, only when recognise as revenue, then reverse to revenue, accounting entries only... this is call % of recognisation of revenue, in layman term.. progress payments. There should be more progress payments coming in for the new contracts... Eg. Of progress contract, construction and ship building companies. By the way, thumb of the rule.. Dun fall in love with any stock, this one can buy and sell few rounds, I dun believe holding a particular stock too long.. I look more on the trading trend then the historical information in the FS. fighting      ( Date: 25-Feb-2020 06:08) Posted: You talked like only this counter will go down. In fact it holds well as compare to others.

 

Shall we see a breakout at 8c today? Chiong Arh!

Simonttb      ( Date: 25-Feb-2020 07:15) Posted: This company doing CCTV, security system and software. Businesses shoot up also because of the Wuhan Virus. Customers include Singapore govt. and some Asia govt. Simonttb      ( Date: 25-Feb-2020 06:51) Posted: He is worry about the funds in the Company. Trade payable went up because of purchases of inventories to generate future sales. Part of the work done but not invoiced parked at current assets as contract. Advance collection and deposits, parked at current liabilities as contract, this one's no need to repay back, only when recognise as revenue, then reverse to revenue, accounting entries only... this is call % of recognisation of revenue, in layman term.. progress payments. There should be more progress payments coming in for the new contracts... Eg. Of progress contract, construction and ship building companies. By the way, thumb of the rule.. Dun fall in love with any stock, this one can buy and sell few rounds, I dun believe holding a particular stock too long.. I look more on the trading trend then the historical information in the FS.

 

Agreed! we will see the  revenue from maintenance and software licensning will continue to grow. The 19.1m contract has a maintenance fee built in for 7 years. Once 7th yr is up, they usually do a tech upgrade plus another 7 yrs of maintenance. It' s a captive market.

 

Simonttb      ( Date: 25-Feb-2020 07:40) Posted: I used to audit a local private company doing swimming pools in condos... profit margin quite low. I questioned him why, then he enlightened me.. He said.. After complete 20 pools, he can shakes his leg, why..? Every month collect maintenance fees only.. Hahaha.. Simonttb      ( Date: 25-Feb-2020 07:15) Posted: This company doing CCTV, security system and software. Businesses shoot up also because of the Wuhan Virus. Customers include Singapore govt. and some Asia govt.

 

I used to audit a local private company doing swimming pools in condos... profit margin quite low. I questioned him why, then he enlightened me.. He said.. After complete 20 pools, he can shakes his leg, why..? Every month collect maintenance fees only.. Hahaha..

Simonttb      ( Date: 25-Feb-2020 07:15) Posted: This company doing CCTV, security system and software. Businesses shoot up also because of the Wuhan Virus. Customers include Singapore govt. and some Asia govt. Simonttb      ( Date: 25-Feb-2020 06:51) Posted: He is worry about the funds in the Company. Trade payable went up because of purchases of inventories to generate future sales. Part of the work done but not invoiced parked at current assets as contract. Advance collection and deposits, parked at current liabilities as contract, this one's no need to repay back, only when recognise as revenue, then reverse to revenue, accounting entries only... this is call % of recognisation of revenue, in layman term.. progress payments. There should be more progress payments coming in for the new contracts... Eg. Of progress contract, construction and ship building companies. By the way, thumb of the rule.. Dun fall in love with any stock, this one can buy and sell few rounds, I dun believe holding a particular stock too long.. I look more on the trading trend then the historical information in the FS.

 

This company doing CCTV, security system and software. Businesses shoot up also because of the Wuhan Virus. Customers include Singapore govt. and some Asia govt.

Simonttb      ( Date: 25-Feb-2020 06:51) Posted: He is worry about the funds in the Company. Trade payable went up because of purchases of inventories to generate future sales. Part of the work done but not invoiced parked at current assets as contract. Advance collection and deposits, parked at current liabilities as contract, this one's no need to repay back, only when recognise as revenue, then reverse to revenue, accounting entries only... this is call % of recognisation of revenue, in layman term.. progress payments. There should be more progress payments coming in for the new contracts... Eg. Of progress contract, construction and ship building companies. By the way, thumb of the rule.. Dun fall in love with any stock, this one can buy and sell few rounds, I dun believe holding a particular stock too long.. I look more on the trading trend then the historical information in the FS. fighting      ( Date: 25-Feb-2020 06:08) Posted: You talked like only this counter will go down. In fact it holds well as compare to others.

 

He is worry about the funds in the Company. Trade payable went up because of purchases of inventories to generate future sales. Part of the work done but not invoiced parked at current assets as contract. Advance collection and deposits, parked at current liabilities as contract, this one's no need to repay back, only when recognise as revenue, then reverse to revenue, accounting entries only... this is call % of recognisation of revenue, in layman term.. progress payments. There should be more progress payments coming in for the new contracts... Eg. Of progress contract, construction and ship building companies. By the way, thumb of the rule.. Dun fall in love with any stock, this one can buy and sell few rounds, I dun believe holding a particular stock too long.. I look more on the trading trend then the historical information in the FS.

fighting      ( Date: 25-Feb-2020 06:08) Posted: You talked like only this counter will go down. In fact it holds well as compare to others. WL123456      ( Date: 25-Feb-2020 02:33) Posted: Alright , I rest my case. Anyway dow down 1000 points. Take care. I told you guys to take profit.?if you had , good for you. If not the price will break down.

 

You talked like only this counter will go down. In fact it holds well as compare to others.

WL123456      ( Date: 25-Feb-2020 02:33) Posted: Alright , I rest my case. Anyway dow down 1000 points. Take care. I told you guys to take profit.?if you had , good for you. If not the price will break down.

 

Alright , I rest my case. Anyway dow down 1000 points. Take care. I told you guys to take profit.?if you had , good for you. If not the price will break down.

 

If you want, I can give you a few fishy fishy shares.. Hahaha.. buy small small.. small saw cut big trees theory lah.

Trader-101      ( Date: 24-Feb-2020 17:55) Posted: Honestly it is quite normal one la... it may be also a sign of over expansion but we wouldnt know until then. Now the share price is just being supported by big retails who still believes in this bubble Simonttb      ( Date: 24-Feb-2020 17:53) Posted: Whole day fishy fishy trading, also fishy closing. Agreed the current price way above the NAV... somemore managed to accumulate future sales more than $20 millions..Total net equity is only $18 millions... If I dun use the word fishy... then use what word..?

 

Honestly it is quite normal one la... it may be also a sign of over expansion but we wouldnt know until then. Now the share price is just being supported by big retails who still believes in this bubble

Simonttb      ( Date: 24-Feb-2020 17:53) Posted: Whole day fishy fishy trading, also fishy closing. Agreed the current price way above the NAV... somemore managed to accumulate future sales more than $20 millions..Total net equity is only $18 millions... If I dun use the word fishy... then use what word..? Trader-101      ( Date: 24-Feb-2020 17:46) Posted: This counter also dangerous to short lol not in any position for this counter

 

Whole day fishy fishy trading, also fishy closing. Agreed the current price way above the NAV... somemore managed to accumulate future sales more than $20 millions..Total net equity is only $18 millions... If I dun use the word fishy... then use what word..?

Trader-101      ( Date: 24-Feb-2020 17:46) Posted: This counter also dangerous to short lol not in any position for this counter Simonttb      ( Date: 24-Feb-2020 17:43) Posted: From head to tail, I never asked anyone to buy, and also did not ask people to short.. I only said I feel something fishy.. and I only play small small wah.. You guys all shorted ah..?

 

This counter also dangerous to short lol not in any position for this counter

Simonttb      ( Date: 24-Feb-2020 17:43) Posted: From head to tail, I never asked anyone to buy, and also did not ask people to short.. I only said I feel something fishy.. and I only play small small wah.. You guys all shorted ah..? Simonttb      ( Date: 24-Feb-2020 17:38) Posted: Aiyah.. I play small small only lah.. I am a 52 years old retired qualified accountant lah.. Maybe my lecturers had been teaching me wrong in accounting lah...

 

From head to tail, I never asked anyone to buy, and also did not ask people to short.. I only said I feel something fishy.. and I only play small small wah.. You guys all shorted ah..?

Simonttb      ( Date: 24-Feb-2020 17:38) Posted: Aiyah.. I play small small only lah.. I am a 52 years old retired qualified accountant lah.. Maybe my lecturers had been teaching me wrong in accounting lah... Simonttb      ( Date: 24-Feb-2020 17:36) Posted: Hello... Trade receivables is collection lah... I dun know... Only in my past trading, I managed to caught a few fishy shares.. ended up RTOs... small small money... Can big windfall... Why not..?

 

Hello if u realized most pennies have god damned high TR but always and keeps failing to collect back. And they die die always Dw to put under impairment because scared NAV drop lol.

If I nvr read wrongly even if plus TR is barely enough to cover the debts only or maybe not enough. Employees need salary also Lol. I really dk how a company will risk having more Trade payables than its own revenue

U better hope is fishy in the right way not fishy in the bad way

Simonttb      ( Date: 24-Feb-2020 17:36) Posted: Hello... Trade receivables is collection lah... I dun know... Only in my past trading, I managed to caught a few fishy shares.. ended up RTOs... small small money... Can big windfall... Why not..? Trader-101      ( Date: 24-Feb-2020 17:33) Posted: I dun have to see the IPO lol Look at Rex IPO 50 cts or smth went way higher than that before crumbling due to oil prices and now only back to 17 plus cts at closing as of today. I think u may have analyzed the wrong way...... which part of the company makes it worth more than 4 times its NAV ? Jialat Lol. If ur analysis is pure speculation then all the more dun share otherwise may kill ppl who listen and act accordingly. The cold hard facts are , 1) Struggling to pay off Trade receivables and Current liabilities 2) Way too overvalued 3) Pure speculation at play right now 4) Poor control of costs My take is , Short or long term trading here is just a short or long term suicide mission...if can close 0.07 for the week, I will be really amazed.