I think working capital should be adequate at this juncture, given a cash position of 17m going forward end Mar15 and assuming no major hiccups to the collection of the 66m trade receivables, and an assumption that the cluster of 13.7m worth of inventories remain unsold.
02/06/2015 13:24
these may one of reasons they may ask for another extension of time for private placement...
Amoeba: the above is just a static view of the liquidity. I have a question for you: Do you think Wong and Jeff came into Ingenco at a reasonable time shortly after its financial year-end 31 March 2015? if yes, why? if no, why? no right or wrong..we as retail investors can only assume, agree?
ozzie75: yes, the former great crook chin boon loong must have knew that the company is going to face losses coming years. may be right timing to called in Wong & Jeff to takeover and workout something based on new lines that they may have proposed but yet annouse as new management & company turn around plan.
posted by abudance :
COO OF Gdex leave for personal reasons is that he has hit a glass ceiling and looking for no ceiling playing field! 44 years old .. I'm sure he wants to build ingenco to greater heights and do online biz courier service? 08/04/2015 16:38
amoeba: would their entrance before 31 March or after make a difference? I think yes it makes a difference. At the very least, they might not be seen as being responsible for the significant operating loss of 2015. Investors can then assess their capabilities with a fresh start point based on the balance sheet they had inherited from the Chin cronies.
Let's see what the 1st qtr of their 1st financial year would tell us. I hope to see another significant reduction in inventories to boost the cash position of this fresh company under Wong and Jeff. If they are moving into services, they would and should realise the ICT related stocks into cash soonest possible before obsolescence takes a bite. 66m of trade receivables is a good boost too if at least 90% is collected.
Let's keep sharing. enjoy the rest of your weekend.
Looks like Mr Lim extra smart ! Screwing company but clever enough to make a lot of money from his private sales of his shares ....... latest disposed 20m shares at 0.17 !!! Wow
greece crisis already on n off for long long time, eu prepared for split & digest, i don't think markets will face great impact, may be share prices will up becoz. split of eu `sick dog'...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
horck
153 posts
Posted by horck > 2015-06-14 11:31 | Report Abuse
0.005 id 7.6%
0.01 is 15.2%
0.015 is 22.8%...
Now is 0.065...i think want it up to 0.10 no problem ad the private placement date is nearby