IFAST    Last:8.77    +0.03

up and coming

Does ifast have share buyback mandate? Does it wants to hold on to current share price or use the money for expansion? I dont think ifast will protect nor will the major sh do anything. Price up alot and even if drop $1, they will not mind. Those who buy in anticipation of license will suffer paper loss most dont know how to cut loss

Piston88      ( Date: 06-Dec-2020 23:19) Posted: The shareholder support will support . Anyway they own 77 % share which is a lot . Tomorrow ifast cross 4.00 Surin888      ( Date: 06-Dec-2020 16:26) Posted: It won' t drop like medical stocks. No worries. It' s a sustainable growth company.

 

Cross $4? Will short tmr

Piston88      ( Date: 06-Dec-2020 23:19) Posted: The shareholder support will support . Anyway they own 77 % share which is a lot . Tomorrow ifast cross 4.00 Surin888      ( Date: 06-Dec-2020 16:26) Posted: It won' t drop like medical stocks. No worries. It' s a sustainable growth company.

 

The shareholder support will support . Anyway they own 77 % share which is a lot . Tomorrow ifast cross 4.00

Surin888      ( Date: 06-Dec-2020 16:26) Posted: It won' t drop like medical stocks. No worries. It' s a sustainable growth company.

 

Based on iFAST website's Substantial Shareholders as at 13/3/2020, and updated with SGX filings todate, the top 6 shareholders have direct and deemed interest as follows: (please pardon me for errors if any)
Name of Shareholder, % interest
Lim Chung Chun, 22.4%
Neo Lay Kien, 20.76%
Lim Wee Kian, 7.323%
Chang Foong May, 7.53%
SPH Invest Ltd, 14.98%
Albizia ASEAN Tenggara Fund, 4.8%
Top 6 shareholders own 77.79%

Top 20 shareholders - http://www.ifastcorp.com/ifastcorp/investor-relations/unitholder-statistics.tpl

Hope the above info is useful.

 

Can wait long long...short for now

Blackwolf      ( Date: 06-Dec-2020 21:47) Posted: Can wait for years for another licence to be issue by MAS. The new Digital banking licence only start early 2022! Either wait 3 more years, or be humble and ask SEA to take a small stake in ifast.

 

Tis counter can load. But no way at current level!

coco66      ( Date: 06-Dec-2020 22:07) Posted: All eyes (vested and not vested) on iFast tmr

 

All eyes (vested and not vested) on iFast tmr

 

Can wait for years for another licence to be issue by MAS.
The new Digital banking licence only start early 2022!
Either wait 3 more years, or be humble and ask SEA to take a small stake in ifast. 

 

Just hope home grown players given a chance as well. All is not lost

Flyingtask      ( Date: 06-Dec-2020 21:30) Posted: Oh, in the news now. https://www.businesstimes.com.sg/companies-markets/ifast-maintains-digibank-ambitions-despite-failed-wholesale-licence-bid-in iFast maintains digibank ambitions despite failed wholesale licence bid in Singapore SHARANYA PILLAI DEC 6, 2020 06:19 PM WEALTH management platform iFast Corp plans to continue pursuing a digital banking licence both in Singapore and abroad, despite its failed bid for a digital wholesale bank (DWB) licence from the Monetary Authority of Singapore (MAS). ......

 

Oh, in the news now.

https://www.businesstimes.com.sg/companies-markets/ifast-maintains-digibank-ambitions-despite-failed-wholesale-licence-bid-in

iFast maintains digibank ambitions despite failed wholesale licence bid in Singapore
SHARANYA PILLAI
DEC 6, 2020 06:19 PM

WEALTH management platform iFast Corp plans to continue pursuing a digital banking licence both in Singapore and abroad, despite its failed bid for a digital wholesale bank (DWB) licence from the Monetary Authority of Singapore (MAS).

......

 

Agree... singtel trading at $30+b.... while ifast only $1b......

Ichimoku      ( Date: 06-Dec-2020 17:54) Posted: --- Post Removed by User ---

 

Think better to match the opening price to sell and run.

 

It has been up up n up for weeks cos of the license. U tink only 30 cts drop? :)

Ichimoku      ( Date: 06-Dec-2020 19:29) Posted: --- Post Removed by User ---

 

If gap down a big margin , got time to rush for exit?

papayaface      ( Date: 06-Dec-2020 18:15) Posted: Looks very likely.  Better to rush for exit 1st by offloading immediately so that losses will be cut. Good grieve and Good luck  Eugenetss      ( Date: 06-Dec-2020 17:54) Posted: This will crash big time.. tmr will see a 20-30% drop and slowly price will go below $2

 

dont catch any falling knife. better cut loss and move on. give it two weeks before evaluating again

 

Looks very likely.  Better to rush for exit 1st by offloading immediately so that losses will be cut. Good grieve and Good luck 

Eugenetss      ( Date: 06-Dec-2020 17:54) Posted: This will crash big time.. tmr will see a 20-30% drop and slowly price will go below $2

 

Most importantly must run faster than BBs when they support the price 

Piston88      ( Date: 06-Dec-2020 16:17) Posted: Don?t be surprise the price is green for ifast tomorrow . easywin      ( Date: 06-Dec-2020 14:15) Posted: If BBs support may not be going down very fast

 

This will crash big time.. tmr will see a 20-30% drop and slowly price will go below $2

 

Funny why SingTel never push up despite DB ?

 

This counter before Digital bank announced BB push up already...SGX query it to be answered by saying don't know anything.....Mkt speculated can get license .

Bintang      ( Date: 06-Dec-2020 16:32) Posted: iFast has made a double top formation with the divergence of its RSI. Its share price may come down tomorrow for a correction . The short term support is at $3.26 , breaking which may see a further downside target of $2.62. Piston88      ( Date: 06-Dec-2020 16:17) Posted: Don?t be surprise the price is green for ifast tomorrow