Auditor want to pakat play sentiment to make share price low.. The land already subject to be bought over by federal government. By right, the balance sheet should report the on going event that is going to happen. So why the investment properties is under long term asset, but not under current asset that is subject to be disposed.
Because of the previous categorization, EDEN fall into auditor opinion on liquidity issue that current debt is more than current asset.
By right, the whole plot of land to be disposed is worth more than RM 200 million (including revaluation)..
Eden has 60 MW power plant in Sabah and 20 MW hydro power plant in Kelantan. These plants being rehabilitated and will contribute significantly to Eden profit going forward. In addition it will benefit from Visit Malaysia Year as it operates tourism related facilities in Langkawi in addition to Eden Restaurants.
What is there more to announce? Thoughtful analysis using already publicly known informations will give you the intrinsic value of the company. And price will sooner or later will reflect the value.
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....
Power168
165 posts
Posted by Power168 > 2019-12-03 20:26 | Report Abuse
Haha