Fusionex Share Discussion Threads

[j777j] 02/6/2017 07:21

Au contraire


When asked, Teh did not disqualify the prospects of a possible re-listing in the future.

[muffster] 02/6/2017 07:20

Rubbing it in isn't he. Look we are going to cancel your shares, you cannot realise any value.... J77 take note, no value, and then we are going to tell you about new product launches and how we are winning customers.

[j777j] 02/6/2017 07:17

When asked, Teh did not disqualify the prospects of a possible re-listing in the future.



Enter Stifel?


btw this email may be a way to express your displeasure to Mr The

[e-mail]


"Be the change you want to see in the world."

Mahatma Gandhi.


Get involved!

[j777j] 02/6/2017 07:10

Friday 02 June, 2017


Fusionex Intl PLC

Launch of GIANT 2017


RNS Number : 9672G

Fusionex International PLC

02 June 2017








Fusionex International PLC

("Fusionex" or the "Company")



Launch of GIANT 2017



Enhanced and Simplified Platform Provides Faster Access to Analysed Data



Successful Soft Launch Provides Platform for Growth



Fusionex, a multi-award-winning, leading software solutions provider specializing in Big Data Analytics ("BDA") and Internet of Things ("IoT"), announces the official launch of its latest software platform, GIANT 2017.



This follows a successful soft launch late last year where ten companies were invited to take part in the pilot of GIANT 2017. To date, eight out of these ten pilot companies have already signed up for GIANT 2017 including several previously announced contract wins with blue-chip clients across a number of sectors.



The Company expects to build on Fusionex GIANT 2017's successful soft launch over the coming months by offering all existing GIANT users the option to migrate to GIANT 2017. The new 2017 platform enables users to formulate strategies and predict trends across various verticals and is expected to provide a significant and increasingly visible revenue stream for the Company.



Intuitive Functionality

GIANT 2017 provides new search-driven analytics capabilities that allow users of any technical ability to unearth insights in their data with an intuitive and easy-to-use search engine.



The Company's flagship platform can now deliver real-time insights using Natural Language Processing ("NLP") techniques that integrate with a much richer visualization palette including charts, dials and heat maps that use Artificial Intelligence ("AI") to automatically display data intuitively and chronologically. The platform also enables users to drill down from global to local city data.



Enhanced Solutions

GIANT 2017's enhanced features provide Big Data solutions for SME and large enterprises. It will also address different price points and budgets, equipped with the ability to support any industry and any data.



The platform enables users to forecast future trends and confidently make data-backed decisions and enjoy an increased rate of accuracy in a range of activities including inventory management, personnel deployment, energy consumption and, route planning.



Insights are translated to data-driven decisions, aimed at increasing operational efficiency and organizational revenue, as well as achieving a greater understanding of market movements and customer behaviour.



Ivan Teh, Fusionex Chief Executive Officer says: "This marks a milestone for Fusionex as we push the boundaries of how data can be analysed and extracted by anyone. I believe this will revolutionize the way businesses use data in the future, as with simple natural language requests delivered through AI capabilities users are able to discover complex insights into their data.



"Our vision has always been to create innovative technology that meets the business needs of today's market. Innovation drives growth and we strongly believe Fusionex GIANT 2017 is the answer to an IoT driven world that is in constant need of better, faster, cost optimised and commercially-feasible technology. Analytics can help bridge the gap between business and customer needs, and we are ever ready to assist our customers to stand above their competition."



Chwee Chua, AVP, Analytics, Big Data and Cognitive Systems research in IDC Asia/Pacific commented: "Where self-service analytics capabilities and data integration is concerned, availability of skilled resources is a common roadblock to BDA initiatives among APEJ organizations. This is where Fusionex GIANT's offering stands to add tangible value.



"The barriers of artificial intelligence, machine and deep learning are rapidly dropping. As such, cognitive systems, the likes of Fusionex GIANT's natural language processing capabilities, will soon be powering data-driven applications across a wide spectrum of solutions. This new generation of tools and capabilities is capable of offering intelligent assistance, advice, and recommendations to end users; thus enhancing their competitive edge or supplementing information for better decision making.



"More than sixty-five percent (65%) of organizations in the region remain at the first two stages and take an ad hoc or opportunistic approach. This majority has just started their BDA journey, learning and experimenting BDA technologies to address business challenges. Fusionex GIANT would therefore be in a position to help these organizations do so."

[j777j] 02/6/2017 06:35

While Teh and the board has initiated an EGM to call for a vote in relation to the delisting exercise from the London Stock Exchange's Alternative Investment Market (AIM), Teh tells DNA that he plans to do it the "right way" by seeking shareholders' approvals. The AIM rules require that cancellation of admission to trading on AIM need 75% of shareholders to vote in favour as opposed to a simple majority of 51%. The high threshold ensures a fair degree of minority shareholders to support the exercise as well.Of course, there are other alternative means to delisting from AIM, like removing the nominated advisor of the company and not hiring a new one.For Teh, the main driver for such move is his belief that Fusionex has been undervalued for a long time on the market. Since February 2016, the company's stock have been trading between the 120 pence and 170 pence range. This range is not far off from the initial public offer price of 150 pence a share in 2013. The company'sstock was consistently trading between 300 – 400 pence prior to this.Since it was listed on AIM, and excluding the global enterprise tech players, Fusionex has grown into one of the larger big data solutions providers in Asia. Its clientele has also increased tremendously.In 2016, its revenue and gross profit rose 23% and 26% to RM94.6 million and RM74 million, respectively. Its cash and equivalents have expanded from RM57.7 million in 2015 to over RM94 million, and its net operating cash flow have improved by 51% from RM11.6 million in 2015 to RM17.5 million in 2016.Despite the growth, the company's stock has remained largely flattish over the past 15 months (with the exception of the recent tumble).   Post EGM, there will be a possibility of two outcomes. First outcome: Fusionex shareholders reject the move to delist. Second outcome: At least 75% of shareholders approve the motion, and the company will be delisted from the stock exchange on June 27, 2017.What happens IF it is delisted?If that happens, shareholders can still retain/ hold their Fusionex shares. While these shares will not be traded on the public exchange, it can still be traded on a private, off-the-market, platform. Teh highlighted that the delisting of Fusionex on AIM was definitely not the "end of the road" for the company, but instead allows Fusionex to focus its energy and to invest for the long term so that it is able to achieve a faster and more effective growth."Similar to our IPO not being the end of the company's journey then, the proposed delisting of Fusionex is just the start of a new chapter into the story of the company and the rise of a new beginning," he tells DNA in an interview.Teh hopes to receive existing shareholders support for this proposed exercise. He believes that those who have the company's interests at heart would understand the reasons for the delisting. "We believe the company's stocks are really undervalued and we believe it can do way better," said Teh.When asked, Teh did not disqualify the prospects of a possible re-listing in the future."We are open to all options. But for now, we need to wait and see outcome of the EGM first. "Of top of that, our key focus will remain on 3 things – rewarding our deserving team members; working towards continuously enhancing our offerings and technology to stay ahead of the curve; work towards our quest to provide our customers with quality products and offerings. A tech company's fundamentals ultimately hinge on these 3 pillars. With these pillars intact, the rest of the things will take care of themselves. With this strong focus and determination, Fusionex will be able to weather through all storms and ultimately provide optimal value to shareholders," he says. TRENDING DIGITALNEWSASIA?Fusionex delisting drama may not be as simple as it seemsBy Goh Thean Eu | Jun 2 2017 - 8:40amFOLLOW DIGITAL NEWS ASIA:  

[j777j] 02/6/2017 06:31

Fusionex delisting drama may not be as simple as it seemsBy Goh Thean Eu | Jun 02, 2017John Croft, Fusionex chairman who resigned recently, apparently approved delisting idea, a source revealed. Teh not ruling out possibility of re-listing?THE past week has been a roller-coaster ride for Fusionex International Plc founder Ivan Teh (pic) and his team - whereby the company's shares fell drastically after it announced that it wants to seek shareholders' approval to delist from the London Stock Exchange AIM. The shares - which were trading at around the 150 pence level for most of last year - came tumbling to sub-50 pence level.That's not all. The company's non-executive chairman John Croft, joint-broker Peel Hunt and its PR firm Buchanan quit abruptly before the announcement. There were news report that suggested that Croft's resignation was a sign of his "unhappiness" on Teh's delisting plan.According to a source close to Fusionex, a board meeting was held several days before Croft's resignation. The delisting was discussed during the board meeting and Croft apparently approved it."He signed an irrevocable declaration to vote in favour of the delisting," said the source, who declined to be name due to the sensitivity of the information. So, what led Croft to change his mind? At the time of publishing, Croft has yet to respond to email queries sent by Digital News Asia (DNA). (Editors' note: DNA will provide an update as soon as Croft replies)At press time, Fusionex shares were trading at 42.25 pence - representing a 74.2% decline year-to-date, and over 90% decline from its peak in 2014. It is also unsure why the company's stock has suffered from such a steep decline, despite being in the hot Big Data and Analytics space.  "It would seem that the recent incidents may be triggered by some party which wants to prevent the delisting from happening, and also to benefit from the share price tumbling," suggested the source.  From the surface level, it seems that minority shareholders and major shareholders like Teh are the biggest casulties.Today, Teh's shareholding in Fusionex is worth under 10 million British pounds. In contrast, his stake was worth over 100 million British pounds during the hey days.

[aishah] 01/6/2017 21:42

Anyone know what the short interest is here??

[dennislevine] 01/6/2017 21:35

Chadders - at least that is a valid strategy for investment here and you acknowledge it only makes sense on the basis Teh does not get to 75%. If he does investors will most likely end up with nothing, if somehow he does not get 75% then there may be some value to salvage for UK investors. As you say a gamble

[chadders] 01/6/2017 21:09

Bought a few more. I'm not convinced he'll get 75% support. Bit of a gamble but on balance more potential upside than down side from here methinks.

[buywell3] 01/6/2017 20:02

Anybody learning anything here re investing to make money ?

[cumnor] 01/6/2017 19:48

After this massive betrayal of investors by Teh and Fusionex only a grossly incompetent or negligent CEO who is not interested in the security or protection of their clients data would allow software from this company anywhere their servers, after the publicity of the past few days, without scrutinizing every minutiae of this company's now wholly questionable practices. Believe me, if they betray their loyal investors for the sake of a few million would you be entirely confident allowing their software near an anonymous clients personal or financial information having read the Times' articles? Sensitive data access by a third party demands integrity? Does Fusionex have any after this? imo

[prosthetic head] 01/6/2017 16:42

did hargreave hale have any

[dennislevine] 01/6/2017 16:26

GIANT shafting of UK based investors

No matter how good or bad the products are or how well the business might be doing if this de-lists from AIM UK investors will in all likelihood end up with zero

[j777j] 01/6/2017 15:50

Fusionex launches GIANT 2017, comes with NLP capabilityBy Goh Thean Eu | Jun 01, 2017 New Fusionex GIANT 2017 comes with NLP capability10 companies tested the new GIANT late last year, 8 of them have signed up?FUSIONEX International Plc, a big data analytics solutions provider, believes that its new big data analytics solution can help the company to win more clients and gain market share. The analytics solution, known as Fusionex GIANT, allows companies to have a holistic view of its business operations, understand trends, buyers behavior, and even predict outcomes. Unlike larger big data companies from the US or Europe, the company's big data solutions are more user-friendly and easier to deploy."Our solutions may not be as powerful as some of our rivals', but it has the features and characteristics that meets the needs of the chief executive officer, the chief information officer, and chief financial officer," Fusionex founder Ivan Teh told Digital News Asia recently."Today, CEOs want a fast-to-deploy big data solutions, they can't wait 18 months or more for the implementation. CIOs and CFOs want a solutions that are easy to manage, easy to use, and does not cost a lot to maintain."According to Teh, the new GIANT, dubbed the Fusionex GIANT 2017, is far more superior than the predecessor. He said that it is now able to make sense of trillions of data sets -- making it a suitable tool for banks, stockbroking firms, hotel chains, manufacturers and others. Like the previous version, the GIANT allows users to get key insights by just 'drag-and-drop'. For example, dragging the company's sales data and customers data could allow the company to find out which particular products are more popular among the young working adults. "More importantly, the new GIANT allows user to get insights in the easiest way possible -- by talking to it. The new GIANT comes with a natural language processing (NLP) capability that will perform various tasks. For example, you simply only need to tell it to show you sales number, or sales number based on region, and those data will be produced immediately," said Teh."Gone are the days when you need days or weeks to generate a report." Penetrating the SMEsThe company also introduced its first big data analytics solutions catered to the small and medium enterprises (SMEs). The product, dubbed ANT, is the "mini-version" of the GIANT. It has most of the features SMEs need when comes to making sense of their data. "For a long time, the SME market has been underserved. It also has most of the features that SMEs are looking for.  Expecting strong responseIn late 2016, Fusionex invited 10 companies to take part in the pilot run of the Fusionex GIANT 2017. From the 10 companies, 8 of them have already signed up for the solution. "Our vision has always been to create innovative technology that meets the business needs of today's market. Innovation drives growth and we strongly believe Fusionex GIANT 2017 is the answer to an IoT driven world that is in constant need of better, faster, cost optimised and commercially-feasible technology," said Teh."Analytics can help bridge the gap between business and consumer needs and we are ready to assist our customers to stand above their competition."

[zcaprd7] 01/6/2017 14:49

Agreed, CEO should have made a low ball bid, say 10-20% premium, with the implied threat of a de-listing if shareholders didn't agree... The current approach is very clumsy.

[kemche] 01/6/2017 13:47

J, How do you do it? What is your secret? :

J777J - 12 May 2017 - 09:34:15 - 4532 of 5143 Innovaderma - Global Brands and Huge Markets - IDP
Upside energy completely exhausted.

Next move a plunge into correction mode.

50% to 70%

[dennislevine] 01/6/2017 13:32

The value of the company is not worthless but the value of the shares to an AIM investor are worthless; Teh and his cronies will reap all the benefits when it de-lists. Individual investors in UK will, most likely, never see any value for their shares. Jersey company at the moment - how long before that is shifted to Malaysia where corporate governance is shocking. Teh can then shaft remaining minority holders out of the public eye all he wants to take full control. Matched bargain trading etc - its a dream as no shares will ever trade.

As for the remaining broker Stifel they seem strangely to be backing this move from Teh which puts them at risk of alienating UK institutions and investors. The circular clearly states on the front cover Stifel "is acting exclusively for the Company in connection with the Cancellation". If Stifel had any morals they would not be assisting in this move by Teh and they would have resigned last week along with Peel Hunt and the PR advisers. Strange.

If Teh was honourable he could have lined up some financing to take this private at a premium; if it is so undervalued as he claims he wold have had no problem getting a private equity partner to join him in funding a bid. Stifel should have pushed him in that direction rather than shaft minority UK investors. If he behaves like this with a public company he will be ruthless to minority shareholders in a private company.

[andysand] 01/6/2017 13:14

This is worthless. Do not buy this share under any circumstances. I doubt it is possible to short it, but that would be a one way bet if you could.If the accounts were honest, the share price would have responded. But either way, the delisting is absolutely without morals or integrity. It is only a matter of time before the nomad resigns in my opinion. Once that happens, it is game over. This could happen at any time.

[j777j] 01/6/2017 12:27

And another malaysian paper just now..Fusionex Targets Double-Digit Sales Growth This YearPETALING JAYA, June 1 (Bernama) - Fusionex, software solutions provider specializing in Data Analysis Kingdom (BDA) and the Internet of Things, is targeting double-digit sales growth this year of the sector of small and medium enterprises (SMEs), driven by the BDA platform enhanced 'Giant Fusionex 2017'.Managing Director / Chief Executive Officer Fusionex Datuk Seri Ivan Teh said the platform, which has driven analysis capabilities that allow users to have any skill level get their data, will enable SMEs to increase revenue and save costs."Subscriptions start from as low as RM100 per month for a platform that quickly and cost of this .....