yesterday was relatively stable eventough the KLSE negative sentiments....looking at the current status, buyer starting to buy in before CNY starts...festival will bring more revenue, as people surely will spending on food...Looking at the current trend now, people are more willing to spend on food rather than clothes and etc, nowadays during economic uncertainty. Chinese people will always say 'Eat 1st and enjoy while you can'.
i think the previous quarter won't much impact, US price increase significantly on Dec. I think the impact will be on the subsequent quarter..but,i think the management team take some measurement..
I would like to take this opportunity to wish mflour forumers have a prosperous goat year ahead especially bro KC , bro powerwk., n many others..., xin nine kuai le...,lastly huaaaaaaaat arrrrrrr.
Q4 is low due to Cash Flow being reduced by Inventories value (Operation Cost). They are preparing for GST, that is why the generated profits mostly become inventories now.
Current quarter 31 dec 2014, already shows 4.4 million loss at . This works to 17 million loss in equity accounting on annualised basis. Loss in joint venture equity accounting of 1.3 million in 2012 to 10.7 million show a CAGR loss growth rate of styaggering 108%., Minority shareholders of MFLOUR need to grill the management for this staggering loss. Nothing much is said about this loss in MFLOUR ANNUAL REPORT 2013.
Probably this is the answer, extracts from Bursa Msia"= MFLOUR Share of loss of equity accounted joint venture, net of tax in RM :- FY ENDED 31.12.2014 : (10,763,000) LOSS FY ENDED 31.12.2013 : (2,520.000) LOSS FY ENDED 31.12.2012 : (1,341,000) LOSS FY ENDED 31.12.2011 : 1,469, 000 PROFIT
showing a CAGR GROWTH RATE OF LOSS AT STAGGERING 108%
3 months ended: 31.12.2014 : -4, 378.000 Annualised loss for 2014 estimate : -17,000,000
What happened to the joint venture , Mr Management of Mflour.
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....
ray81
631 posts
Posted by ray81 > 2015-01-30 14:05 | Report Abuse
yesterday was relatively stable eventough the KLSE negative sentiments....looking at the current status, buyer starting to buy in before CNY starts...festival will bring more revenue, as people surely will spending on food...Looking at the current trend now, people are more willing to spend on food rather than clothes and etc, nowadays during economic uncertainty. Chinese people will always say 'Eat 1st and enjoy while you can'.