9 months end 31-12-21. Revenue: RM 164.8 million Trade receivables: RM 146.1 million Other receivables: RM 16.1 million Inventories: RM 43.9 million. Current liabilities RM 117 million
50% payment on 10 to 12 weeks 30% payment on 13 to 24 weeks 20% payment on 25 to 36 weeks
Please allow me to do the math. You should already collected 80% of Q1 revenue 50% of Q2 revenue and none of Q3 revenue. So your trade receivables should be (0.2X40.3 + 0.5X59.3 + 65.3) = RM 103 million.
So why the trade receivables is RM 146.1 million? And by the way have you come across any equipment engineering suppliers that do not need down payment during contract signing or part payment when goods ready for shipment?
Most likely with so high trade receivables the trade receivables look and sound very fishy.
Genetec is a good business but when somebody kept posting blogs and news, creates fear for others to invest... Stop from keeping promoting until so many links you stated here, annoying lah...
when the company is good business, no need to sibuk2 promotes it... Let the price rise, and those late, let them lah.. why so kancheong berangan punye RM4.80
This Dick LickDick, no idea what he's talking... he never feels the limit up, as well as made 3-5 hundred per cent in Genetec before.. owh yeah, because the price was expensive before the bonus issue.. he cants afford.. what he can do is only talk bad about any counter, such a pity
Lightspeed when the company is good business, no need to sibuk2 promotes it... Let the price rise, and those late, let them lah.. why so kancheong berangan punye RM4.80 01/04/2022 11:31 AM
-------------------- I am sharing EV ES knowledge & my GENE corporate news.
I urge my fellow shareholder look beyond the cash flow and understand it is crucial to invest in our future. If no one invest for future, where is the hope? You want everyone to put in FCF business and what will you left for your kids? Non stop extracting oil from the poor mother earth?
There is not much good and solid company in EV ES supply chain in our country. I am a product GENE shareholder and wish my fellow shareholder having a pride on what we are doing.
"I think it's worth remembering that every car that we make is a step in the direction of a sustainable future. The thing about this factory and the cars that we make is that it gives people hope about the future.
It's very important to have reasons to be excited about the future because often people are depressed or sad about the future cause they thing it won't be good. But what we're doing here is, with every car we make, with every battery we make, we're making the future better."
Inari generate FCF, pay dividend to shareholders and at the same time still have cash to invest in PPE, R&D for business expansion and future new business
Genetec business did not generate FCF from their business to pay dividend to shareholders nor cash to invest in PPE, R&D for business expansion and future new business. All their accounting book profit is in trade and other receivables with nothing much to show except Genetec will be RM4.80 and claim Tesla is their customer and self feel good claim Genetec business is for the future and betterment of mankind.
It only take customers to default on payment and impairment of receiviables to turn book profit into loss and that the end of Genetec
In another filing, Serba Dinamik reported a deviation of more than 10% between its audited and unaudited financial results for the 18-month period ended June 30, 2021.
The unaudited financial statement showed a profit after tax of RM758.38 million, as compared to a loss after tax of RM185.37 million in the audited financial statement released on Thursday.
Serba Dinamik said the deviation was due to the impairment of trade receivables made by subsidiaries of the group amounting to RM395 million, which was underprovided during the release of the financial statement.
It added that the deviation was also due to an inventory write-down of RM552.6 million due to the disruption and termination of several projects undertaken by the group.
Has anyone learned any lesson from serbadk when profit after tax of RM758.38 million, turn into loss after tax of RM185.37 million?
Please check your fact on INARI. 5 or 6 years ago I paid for INARI right issue. She is having cash shortage & need to raise cash from shareholder to fund the expansion.
INARI major customer i.e. Customer B is focusing on RF filter. 5G is entering its maturity phase. KC need work hard to get another growth engine for INARI.
I have high respect to KC as a professional CEO. The capital owner, i might not.
I am working with a palm oil company revenue of USD few billion and I had never come across an engineering supplier that ready to supply me an enginnering equipment/plant with no downpayment and part-payment before shipment.
I am not sugesting about having Customer T company seal but a fact if your customer default on payment your company will go bankrupt.
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....
PROFIT2020
297 posts
Posted by PROFIT2020 > 2022-03-31 15:12 | Report Abuse
Dont miss the boat for the second time…