Wikipedia:Articles for deletion/Informatics Education

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The following discussion is an archived debate of the proposed deletion of the article below. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.

The result was no consensus‎. Three relists and insufficient participation to determine a consensus. Daniel (talk) 07:25, 12 June 2023 (UTC)[reply]

Informatics Education

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Informatics Education (edit | talk | history | protect | delete | links | watch | logs | views) – (View log | edits since nomination)
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Private college lacks in-depth coverage to meet WP:NCORP. MrsSnoozyTurtle 01:30, 13 May 2023 (UTC)[reply]

  • Keep per the significant coverage in multiple independent reliable sources.
    1. Lim, Kenneth (2004-04-16). "Informatics gets bombarded with questions - But it keeps mum even as analysts downgrade the stock to 'sell'". The Straits Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "A DAY after it dropped a profit-warning bombshell, Informatics Holdings yesterday had to contend with analysts' downgrades and fend off a barrage of questions from a shocked public. ... Still, at least two analysts have downgraded the stock to a 'sell' - Deutsche Bank's Goh Keat Jin from a 'hold', and DBS Vickers' Chris Sanda from a 'buy' - as of last night. Mr Sanda, troubled by the company's accounting, operational and receivables problems, said in his report that it would 'take some time for Informatics to re-establish a track record and credibility'. 'We do not know what our target price will be but the situation is bad enough for us to believe that there will be more than 10 per cent downside (when trading resumes),' he wrote."

    2. Wong, Wei Kong (2004-05-04). "Informatics' market value plunges 62% - Mid-cap stock relegated to small-cap status in wake of fiasco". The Straits Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Informatics Holdings saw $150 million - or more than half - of its market capitalisation wiped out yesterday as furious investors punished the company for overstating its earnings for nine months and for its shocking losses for the whole financial year. ... Research houses including DBS Vickers, Nomura Research, CLSA Asia Pacific Markets, Deutsche Bank, Kim Eng and Netresearch Asia have all issued 'sell' calls on Informatics. Analysts are saying it's hard to value the stock when there are question marks over the company's numbers. 'A nasty shock,' Kim Eng said in a note. 'Forecasting the group's earnings is almost 'mission impossible'. It appears that the historical revenue and profit recognition policy of the group can no longer be used as a reliable basis for projecting the future earnings stream.' ... 'We expect (the) share price to gravitate towards its book value of 19 cents per share which, in our opinion, is still vulnerable to further write-off in receivables,' Kim Eng said."

    3. Lim, Kenneth (2004-06-24). "Ernst withdraws Informatics statement - Auditors say move not meant to castany aspersion on senior management". The Straits Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "The saga of listed educational services provider Informatics Holdings took another turn yesterday. Auditor Ernst & Young has notified the company that it is withdrawing its earlier statement which said it had no reason to suspect that senior management of Informatics had intentionally misstated the company's quarterly financial results. ... NetResearch Asia analyst Russell Tan wondered how Ernst & Young could make such an about-turn.' They came up with what was basically a blameless report,' he said. 'It's like saying at first there was nothing, but now there's the universe.' DBS Vickers analyst Chris Sanda saw the withdrawal as a 'negative development' for Informatics. 'It widens the door for potential contingent liability,' he said."

    4. Koh, Joyce (2004-10-20). "A new consolidated Informatics campus in Jurong by early 2005". The Straits Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "A CONTROVERSY-FILLED year has finally yielded something concrete from education services provider Informatics Holdings which said yesterday that it plans to set up a campus billed as one of the largest among private education schools here. ... Still, NetResearch Asia analyst Russell Tan was sceptical when he heard about Informatics' latest move. 'You can read it in many ways,' he said. 'Perhaps, its cost structure cannot support so many sites or maybe it's relocating to save cost. But will it lose students because people now need to travel to a new location?' He added: 'From an analyst's perspective, I am not interested in what kind of structures you come up with. What's most important is whether your brand name is still there, and if your financials support it.'"

    5. Toh, Eddie; Tan, Andrea (2004-07-08). "Informatics chairman helped head off clash of tycoons - Company proposes rights issue priced at 25 cents a share to raise $19.6m". The Straits Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Informatics has been hogging the headlines in the last few months for the wrong reasons, but its founder and chairman, Dr Wong Tai, has risen to the challenge with his swift action in bringing together two new shareholders who had appeared to be headed for a clash."

      The article further notes: "Analysts agree Mr Tan's proposal of a rights issue is more equitable than the private placement of a block of shares to Mr Oei.  'It's fair to the shareholders of Informatics to have the rights issue opened to them. Everyone's happy now. It's better than having a tug of war between both of them,' said David Gerald, president, Securities Investors Association (Singapore). He added: 'The share placement would also be lower than the market price and should not have been done on a preferential basis.' But some analysts remain edgy about the counter, which has dropped from its pre-crisis level of 77 cents to as low as 20 cents. The counter was last quoted at 50 cents. 'No one dares to make an official call on this stock. Unofficially, some brokers have asked clients to take a short-term punt and subscribe for the rights issue,' said a research head."

    6. Burton, John (2004-07-08). "Financiers to support Informatics". Financial Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Two of south-east Asia's biggest financiers have agreed to a joint takeover of Informatics, a troubled Singapore-based computer education company, by offering to support a rights issue to save it from collapse. ... Informatics is under investigation by Singapore's white-collar crime unit after recent disclosures of accounting irregularities. Auditors warned last week that the company could go bankrupt without a successful share placement."

    7. "Informatics founder, ex-CEO charged over profit statements". The Straits Times. 2005-11-30. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "ONE of last year's biggest corporate scandals had its court sequel yesterday when the founder of educational services provider Informatics Holdings, Wong Tai, and former chief executive Ong Boon Kheng were charged over inflated profit statements. Informatics, which runs about 300 centres in 50 countries, was one of the hottest stocks on the Singapore Exchange (SGX) before it was hit by an accounting scandal, a gaping financial black hole, a plunging share price and a police investigation. ... Founded in 1983 by Wong, Informatics' troubles surfaced on April 14 last year when the company dropped a bombshell - warning that profit for the nine months had been overstated by about 90 per cent or $6.7 million. ... Worse was to come in May with the Commercial Affairs Department probing Informatics' affairs."

    8. Kok, Charmian (2008-07-06). Chatterjee, Neil (ed.). "Singapore Hot Stocks-Informatics Education down after audit". Reuters. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Shares of Informatics Education INFO.SI plunged by as much as 22 percent after an audit from Ernst and Young saying there was material uncertainty regarding the firm's ability to "continue as a going concern". Informatics, which franchises computer and commercial training centres, dropped to a 21-month low of S$0.035 with more than 18 million shares changing hands. Ernst and Young said on Friday that factors such as the firm’s net loss for this year and financial obligations arising from its liabilities exceeding total assets cast doubts over Informatics’ future."

    9. Ramchandani, Nisha (2018-07-03). "Informatics' auditors flag going concern uncertainty". The Business Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Auditors for Informatics Education's have questioned its ability to continue as a going concern in their report on the group's financial statements for the year ended March 2018."

    10. "Singapore readies for a showdown over Informatics". Taipei Times. Associated Press. 2004-07-05. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Singapore investors are bracing this week for a showdown between two Asian tycoons who are battling for control of scandal-hit, money-losing Singapore business training company Informatics Holdings."

    11. Salim, Ilyas (2022-10-18). "Informatics Education receives S$0.011 per share exit offer from major shareholder". The Business Times. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Informatics, which provides IT training and education and was first listed on SGX in 1993, had been suspended from trading in the SGX since Jul 28 this year, after receiving a notification for delisting by SGX. SGX also rejected Informatics' application for a 12-month extension to meet the requirements for removal from the watch list, made on Jun 3, 2022. It had earlier granted the company a 12-month extension on Nov 23, 2020, and a six-month extension on Nov 30, 2021."

    12. Ahmad, Izham (2004-06-25). "Informatics CEO Quits as Auditor Retracts Support". The Wall Street Journal. ProQuest 398966001. Archived from the original on 2023-05-14. Retrieved 2023-05-14.

      The article notes: "Informatics Holdings Ltd. said late Wednesday Chief Executive Ong Boon Kheng resigned, the same day its auditor said it could no longer say the company's senior executives weren't involved in inflating earnings."

    There is sufficient coverage in reliable sources to allow Informatics Education to pass Wikipedia:Notability (organizations and companies)#Primary criteria, which requires "significant coverage in multiple reliable secondary sources that are independent of the subject".

    Cunard (talk) 00:45, 14 May 2023 (UTC)[reply]

Relisted to generate a more thorough discussion and clearer consensus.
Please add new comments below this notice. Thanks, Extraordinary Writ (talk) 06:28, 20 May 2023 (UTC)[reply]

Relisted to generate a more thorough discussion and clearer consensus.
Please add new comments below this notice. Thanks, Extraordinary Writ (talk) 00:19, 29 May 2023 (UTC)[reply]

Relisted to generate a more thorough discussion and clearer consensus.
Relisting comment: Final relist; no comments after previous two relists.
Please add new comments below this notice. Thanks, Timothytyy (talk) 09:45, 5 June 2023 (UTC)[reply]

The above discussion is preserved as an archive of the debate. Please do not modify it. Subsequent comments should be made on the appropriate discussion page (such as the article's talk page or in a deletion review). No further edits should be made to this page.
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