At iFast's results briefing and annual general meeting on April 28, one shareholder called this phenomenon "really incredible", asking management if the market had misinterpreted iFast's business model "and the good work you have done".
On paper, iFast Corporation posted another handsome set of quarterly figures on April 25; its net profit for 1QFY2025 ended March 31 rose 31.2% y-o-y, which follows a 135.7% y-o-y surge in FY2024.
Why then did shareholders react by selling the stock? iFast shares plunged 11.7% on April 28, the first trading day after its results were released the prior Friday evening.
