0.30 - 0.335 is a must

一天

well, I might just have to collect 2M and wait ah?? ok lah

Share Hunter, your analysis and opinions are greatly appreciated. I agree with you. As of this moment, Dnex punters are trying to push to 28 - 30 cents, or even 33 cents. @ BEZA, what if SH is right, would you apologise to him?

Yes, I agree, Good GORENG stock :)

If it can reach 0.265 today, it will be a wonderful week ahead

I think the price will go up soon, Q sell volume have been reducing at this instant, 'Goreng party' trying to gap up ....

most probably, NTA is nearly 36 cents

28 cents reachable ?

sell

ok

sell

chance of a life time to earn 25 to 50 % in about. xx months

1

If you like, I can forward the letter to you, pls provide your email. Register a new one just for our correspondence of course

At least they replied

So, nelayan, could you please make the enquiry to find out what is the impairment about, I made some complaints the other days. They actually reply, of course, with several tries.

Looks like they take 'depreciation'as impairment loss?

From aquisition perhaps

We should write to them and ask for details?

When Impairment Might Be Necessary?

The accounting rules suggest reviewing your company's fixed asset carrying values -- an asset's total cost minus accumulated depreciation -- for impairment whenever there's a change in circumstances that may impact the asset's useful life, current market value or salvage value. For example, suppose you spend $50,000 on a piece of manufacturing equipment that you expect to use for four years before selling it for $10,000. If the equipment becomes obsolete in the third year because of new technology or suffers damage that reduces its useful life, these issues indicate that reporting an impairment loss for the asset might be necessary.

Testing for Recoverability

You can only report an impairment loss on your financial statements when an asset's carrying value isn't recoverable. Carrying value isn't recoverable when it is more than the total amount of cash the asset will provide your business over the course of its useful life, such as the revenue you attribute to inventory that you can't manufacture without the equipment and its salvage value. Salvage value is the price you can sell an asset for at the end of its useful life.

Related Reading: How to Capitalize Sales Tax in a Journal Entry


How Much to Impair?

The impairment loss you report on company financial statements is calculated a bit differently than when you test for recoverability. Instead of subtracting future cash flows from the asset's carrying value, subtract its fair value to arrive at the impairment loss. Fair value is essentially the market price for the asset today, not at the end of its useful life. Therefore, if at the time of assessing your business assets for impairment, the carrying value of the equipment is $30,000 -- $50,000 minus $20,000 of accumulated depreciation taken -- but you could only sell it for $10,000, the result is a $20,000 impairment loss.

Reporting Impairments on Financial Statements
Two financial statements are impacted when taking an asset impairment loss. The loss is reported on the income statement in the same section where you report other operating income and expenses. An impairment loss ultimately reduces the profit your business reports for the period, but it has no immediate impact on the company's cash balance. You also write down the asset's carrying value that is reported on the balance sheet to the fair value you calculated. In other words, reduce the current carrying value by the impairment loss. Going forward, you'll adjust the amount of depreciation you take each year because prior depreciation was based on the asset's old carrying value.

What is Impairment?
Assets are said to be impaired when their net carrying value, (acquisition cost - accumulated depreciation), is greater than the future undiscounted cash flow that these assets can provide and be disposed for.

Under U.S. GAAP impaired assets must be recognized once there is evidence of a lack of recoverability of the net carrying amount. Once impairment has been recognized it cannot be restored. Analysts must know that some foreign countries and the IASB allow companies to recognize increases in previously impaired assets.

Asset impairment occurs when there are:

Changes in regulation and business climate
Declines in usage rate
Technology changes
Forecasts of a significant decline in the long-term profitability of the asset
Once a company has determined that an asset is impaired, it can write down the asset or classify it as an asset for sale. Assets will be written down if the company keeps on using this asset. Write-downs are sometimes included as part of a restructuring cost. It is important to be able to distinguish asset write-downs, which are non-cash expenses, from cash expenses like severance packages.

Write-downs affect past reported income. The loss should be reported on the income statement before tax as a component of continuing operations. Generally impairment recognized for financial reporting is not deductible for tax purposes until the affected assets are disposed of. That said, in most cases recognition of an impairment leads to a deferred tax asset.

Impaired assets held for sale are assets that are no longer in use and are expected to be disposed of or abandoned. The disposition decision differs from a write-down because once a company classifies impaired assets as assets for sale or abandonment, it is actually severing these assets from assets of continuing operations as they are no longer expected to contribute to ongoing operations. This is the accounting impact: assets held for sales must be written down to fair value less the cost of selling them. These assets can no longer be depreciated.

Assets Impairment - Effects on Financial Statements and Ratios

Past income statements are not restated. The current income statement will include an impairment loss in income before tax from continuing operations. Net income will also be lower.
On the balance sheet, long-term assets are reduced by the impairment. A deferred-tax asset is created (if there was a deferred tax liability it is reduced). Stockholders' equity is reduced as a result of the impairment loss included in the income statement.
Current and future fixed-asset turnover will increase (lower fixed assets).
Since stockholders' equity will be lower, debt-to-equity will be lower.
Debt-to-assets will be higher.
Cash flow based ratios will remain unaffected (no cash implications).
Future net income will be higher as there will be lower asset value, and thus a smaller depreciation expense.
Future ROA and ROE will increase.
Past ratios that evaluated fixed assets and depreciation policy are distorted by impairment write-downs.


Read more: Asset Impairment - CFA Level 1 | Investopedia http://www.investopedia.com/exam-guide/cfa-level-1/assets/asset-impairment.asp#ixzz4APNp2GNX
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The technical definition of impairment loss is a decrease in net carrying value, the acquisition cost minus depreciation, of an asset that is greater than the future undisclosed cash flow of the same asset

alright, sell

2.48, 2.38, 2.28, My wild wild guess

2.58

You don't know the story meh???
EPF sell and buy to/from Amanah saham (so many of them -closed or opened).plus Hxxx + Axxx + Pxxxx etc funds. You sell to me, I sell to you, You buy from me, I buy from you...oh, so complicated...just numbers only, especially those closed funds - basically nobody is selling, less than 1 % I guess...You know and I know

not even 80 millions for a week worth of trading, hmmm, THEY ARE PLAYING, trying to lure you into the game, watch out...

look at those who collect and sell between 3.71 to 3.58, if I were the "ONE", I would push it lower, low until some of us couldn't hold, then go lower again....

Monday no market also

hahahahahah, you guys are great..

far from over, it takes EPF almost 5 years to push from 1 Rm to almost 7 Rm, not even dropping half yet

Keep it cool

ok..good

quoted..."Currently, Censof said ABSS's primary markets are Singapore and Malaysia, which are the leading accounting solutions provider with more than 200,000 business customers. "

WOooowww, many customers, if I understand it correctly, which means if Censof ABSS makes $100 dollars net profit from each customer respectively PER ANNUM..., it is already 20 millions net profit, right??? Correct me if I am wrong...it really sounds promising....

DON'T tell me they can not even make $100 bucks nett per annum from each and everyone of them...IF NOT, SOME OF THE THE 'NUMBERS' MUST BE OFF...

AUGUST is the time...

Write a comment..http://ir.chartnexus.com/censof/shareholdings.php

look at the list of 30 big guys only account for 50%. How about the rest? ~ 7000 of them........WOooowwwwwww. Want the price to go up? This is a tough cookie to bite. The only way is to bring it down to 10 cents and then....up..up.up..up..up...up again..agree???? How long will it take, it beats me, honestly..:)

Keep it up Mr. koon, salute !!!
Very impressive indeed,I like to read good articles, I always enjoy reading.
Most of all, I also respect honest people who have been trying to share good points of views.

no agreement? NO..

1.00

4.00 dollars in the making

Director goreng hard

Oh, I see, thanks

If oil price US$25, what is the SKP price suppose to be ?
If oil price US$20, what will the pricel be then?
habis Cerita

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4979529

Alright, what is your 'SMART Ass" theory then?

Of course lah, the Family members keep dumping everyday, uncles dumps a little, nephews dump a few, nieces dump some, aunties dump a few thousand lots, bapa and mama dump also; You dump some, he dumps some, she dumps a bunch, they have few hundred millions, AGENTS dump a bunch whenever there are opportunities..want to go up, CAN, TAKE IT SLOW and steady :), wait ah

Here we go..go..GO>>GO

Hmmm. finally accumulated Ms, now let's see what we can do

mid term hopefully