@Nelayan: Impairment on previous recognised revenue. They should have a provisions first. I wonder why the Directors didn't tackle on the impairment issue first.
if you look at censof strategy..they have invested heavily into dnex to diversify from the traditional IT business as well as to expand their IT footprint with DNEX clientele...it is no brainer..results will reflect the results from DNEX...they will be able to expand their business in IT with more profit from other businesses...hohohoho
the other good thing about censof is that if dnex move up it will benefit a lot...AND...the number of floating stock compared to DNEX is very low...so the chances of it lifting up high is very very high...hohohoho
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5185325 The Company is pleased to announce that its wholly-owned subsidiary, Century Software (Malaysia) Sdn Bhd has received a Letter of Award ("LOA") dated 12 August 2016 (Ref No.: MAMPU.BKP(S).400-10/4/66(26) on 23 August 2016 from Unit Pemodenan Tadbiran Dan Perancangan Pengurusan Malaysia ("MAMPU") for a project named " Membekal, Menghantar, Memasang, Mereka Bentuk, Membangun, Mengintegrasi, Menguji dan Mentauliah Sistem Aplikasi, Perisian dan Perkakasan serta Menyelenggara (dalam tempoh waranti) bagi pelaksanaan projek national registries yang merangkumi repositori dan registri pendidikan nasional, registri penduduk dan hab perkongsian maklumat sektor awam (MAMPU/PERKHIDMATAN/3/2016) " for a total contract sum of RM15,419,820.00 ("the Project").
The tenure of the Project is for a period of 18 months starting from 26 August 2016 to 25 February 2018.
The Project will not have any material effect on the issued and paid-up capital, substantial shareholders', net asset per share and gearing of the Company and its subsidiaries ("Censof Group").
Bearing any unforseen circumstances, the Board is of the opinion that the Contract will contribute positively to the earnings per share and the future earnings of Censof Group.
Censof does not envisage any risk factor arising from the Contract besides business risk. However, the Company will continously be taking appropriate measures to manage and mitigate the risk.
None of the Directors, its substantial shareholders or person connected with the Directors and substantial shareholders of the Company have any interest in the Contract.
The Board, after considering all aspects of the Project, are of the opinion that the Project is in the best interest of Censof Group.
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....
Wong Yong Keong
145 posts
Posted by Wong Yong Keong > 2016-07-28 11:02 | Report Abuse
yup @@