BUT RECEIVABLES BALLOONED FROM RM69 MILLIONS TO RM87 MILLIONS
AN INCREASE OF RM18 MILLIONS!!
ALL IOU!!
NO REAL MONEY AS CASH IN HAND DROPPED BY MANK MILLIONS!!
ANOTHER BIG RED FLAG!
SEE
paperplane2016 Note 25. Contingent liabilities The Company has provided corporate guarantees amounting to RM239.46 million (2014: RM239.46 million) to financial institutions for banking facilities made available to its subsidiaries.
TIME BOMB 28/03/2016 16:42
TIME BOMB OF HUGE DEBT
THIS ROUND WANT TO CON MORE BY MORE ACCOUNTING TRICKS?
The gearing stands at the higher side or 0.47 times but the company did not make any cash call for the last 4 years. The company was able to generate a small amount of positive operating cash flow between RM 1.9 million to RM 9.5 million. No surge in Inventory, Receivable and Borrowings. Not that bad la.
Posted by Up_down > Jun 23, 2016 09:56 AM | Report Abuse
The gearing stands at the higher side or 0.47 times but the company did not make any cash call for the last 4 years. The company was able to generate a small amount of positive operating cash flow between RM 1.9 million to RM 9.5 million. No surge in Inventory, Receivable and Borrowings. Not that bad la.
WHAT IS BAD THEN?
THIS PRICE SURGE IS NOT SUPPORT BY FUNDAMENTAL BUT BY SYNDICATED GORENG!!
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....
Jack888
865 posts
Posted by Jack888 > 2016-06-23 09:30 | Report Abuse
大跌小回头,小心!