Fusionex Share Discussion Threads

[j777j] 01/6/2017 12:18

Giant 17 platform launched today.This translated from malaysian press todayPETALING JAYA: Fusionex, a provider of Big Data Analytics software (BDA) and the Internet all things (IoT) launched Fusionex GIANT 2017 as the latest platform to get data more quickly, easily and effectively. Chief Executive Officer Datuk Seri Ivan Teh, said Fusionex 2017 GIANT new add value to the BDA search, allowing users to search more optimal. "The launch of Fusionex GIANT 2017 today, marking another milestone in the company's high and proves the ability of data can now be accessed more easily by anyone." It will also revolutionize the business method which is capable of obtaining the data needed by dealers to improve the ability of their operations, "he said at the launch Fusionex GIANT 2017 here today. He said, through the platform of this latest, traders are also able to increase profits in addition to studying marketing techniques effectively." this is because we will provide data on what the intended users, sales statistics and various information relevant and comprehensive, "he said.Next page:

[highasakite] 01/6/2017 11:39

J777J

When this gets delisted shortly you will lose everything.

U are a mug.

[buywell3] 01/6/2017 11:35

This is now high risk = high reward

You pays your money and takes your chance

Not investing though is it

This is purely a punt , a spin of the wheel , it's a gamble

And that is a mugs game .... anyone here a mug punter ?

[kemche] 01/6/2017 10:06

J, Are you buying more?

[j777j] 01/6/2017 09:41

On the other hand mkt cap at these levels are virtually the cash in the bank.
The rest which is growing at 23% pa is in for free and you have to ask whether it is the intention of the directors and other major shareholders to lose all their capital?
Somehow doubt it.


He thought it very undervalued at 150p

[larva] 01/6/2017 09:24

I dedicate this to anyone holding

[steveo18] 01/6/2017 08:10

chinese takeaway

[greedfear] 01/6/2017 08:05

"Following the implementation of the Proposed Facility, the Board intends to monitor is popularity amongst Shareholders and will review it at regular intervals to consider whether it remains cost effective."
So they intend to put a matched bargain facility in place, that, if implemented, they intend to monitor the popularity and it's cost effectiveness. Hm.

[greedfear] 01/6/2017 07:59

"that the directors have minority shareholders’ interests at heart". Where's the evidence to support that statement?

[zcaprd7] 31/5/2017 19:09

Nice summary by motley fool:The Motley FoolMENUIs Fusionex International plc a falling knife to catch after falling 65% today?G A Chester | Tuesday, 30th May, 2017 | More on: FXI    ?Image: Public domainShares of AIM-listed big data firm Fusionex International (LSE: FXI) closed on Friday at 129p but plummeted as low as 38.5p in early trading this morning. What's behind the crash? And is this a falling knife to catch?Why have the shares crashed?Fusionex shareholders who hadn't already switched off for the Bank Holiday weekend received a nasty shock after the market closed on Friday. The company made an announcement at 5.30 p.m. titled 'Proposed cancellation of trading on AIM'.The board said that it intends to hold an EGM in Malaysia on 15 June to seek the approval of shareholders to delist from the AIM market. It said that for the delisting to go ahead it will require 75% of the votes cast to be in favour and that directors holding 41.93% of the shares have given irrevocable undertakings to vote in favour.The reasons given for seeking to delist include the directors' belief that the share price over the past 15 months hasn't adequately reflected the value of the company and that the costs of remaining listed are disproportionate to the current benefits to the company. Presumably, the directors - led by chief executive Ivan Teh, who holds 40.13% of the company's shares - are confident of securing enough votes to delist.Private investors are naturally upset and angry about this turn of events. In a further announcement this morning, the company said that its non-executive chairman John Croft (whose role includes representing minority shareholder interests) and joint broker Peel Hunt have both resigned as a result of the delisting proposal.A falling knife to catch?Fusionex's shares are trading at 46.5p, as I'm writing, making the company's market capitalisation £25.3m. On the face of it, this is cheap for a fast-growing company that last year generated revenue of 94.6m Malaysian Ringgit (RM) - £17.2m at current exchange rates - and had net cash of RM74.7m (£13.6m) on its balance sheet at year-end.However, I've written before about some disconcerting features of Fusionex's accounts and I believe these are part of the reason why the market hasn't valued the company as highly as the directors say it should have been.Personally, I'll be avoiding this falling knife, but investors considering catching it - and existing shareholders - should satisfy themselves about a number of things. Namely, that the accounts are robust, that the directors have minority shareholders' interests at heart (despite appearances to the contrary) and that either the delisting vote will fail (and the share price recover) or that holding shares in a private company is an attractive proposition.On the latter subject, the board said in the announcement on Friday that if the delisting goes ahead, it "intends" to put a matched bargain facility in place for trading shares, which it rightly acknowledges "is likely to offer a substantially lesser degree of liquidity and potentially less attractive share prices" than on Aim.

[zcaprd7] 31/5/2017 19:06

Me too, with my additional shares purchased today as wel, it's in my sipp, so don't mind them not being listed, bargain company IMHO... Strange it didn't do a "blue prism" tbh.

[pickledcabbage] 31/5/2017 18:51

Just voted against delisting too with HL

[albanyvillas] 31/5/2017 17:36

The first cut is the deepest

Teh has cut ur innards out

Won't pain much now

[lingy] 31/5/2017 17:14

Just sent off my vote against delisting from hl account.

[kemche] 31/5/2017 15:01

buywell,

"losing nearly all of their cash taught them what to do ie they learned from their mistake/s"

Whilst that applies to a few, I also know of someone who, even after a myriad such experiences, just point blank refuses to learn. To whit I give you: Quindell, Globo, Phorm, Blur, Moni, and of course FXI etc etc........

[opodio] 31/5/2017 14:47

Rapid Cloud
CSF
Fusionex

All malaysian. All doing dodgy goings on

[buywell3] 31/5/2017 14:43

It is said by some famous investors that are currently making or have made loads of dosh on shares that

losing nearly all of their cash taught them what to do

ie they learned from their mistake/s

A lesson is to be learned here methinks

[opodio] 31/5/2017 14:38

Phone the malaysian embassy


Phione the police

This is a 999 job

[j777j] 31/5/2017 14:34

New straits [e-mail]

[j777j] 31/5/2017 14:27

[e-mail] Send some copied and pasted stories from the uk press to some of the Malaysian press.Not seen this being reported there.Make sure Mr Teh has nowhere to hide with his antics

[zcaprd7] 31/5/2017 14:21

Anyway, in for a penny, so what if it delists? If he's doing it with larger shareholder approval, he (probably) won't rip them off...

[zcaprd7] 31/5/2017 14:06

What grinds my gears is the CEO is moaning about aim and the share price, but all he does is release fluffy press releases without any hard numbers, perhaps if he ran the company properly, the share price would take care of itself?

[j777j] 31/5/2017 09:46

Isn't Hove the poor man's Brighton?

The also rans.