loss is attributed by hike in depreciation which is non cash item and wont affect company operation and cash flow aax cash flow increase as a matter of fact
Q1 total comprehensive profit was RM 198m Q2 total comprehensive loss was RM 184m Q3 total comprehensive loss was RM 328m.
Shareholders equity @ 30 Sept 2019 was RM 213m .... rights issue or share placement eminent, otherwise another 1-2 weak quarters will push shareholders equity to be negative.
Under MFRS 16 long term lease (rental) is not recorded as lease but recorded as depreciation and finance costs plus some etc. Look at note 2 of the Q3. Therefore, the concept of EBITDA needs to be modified as ADJ EBITDA.
Under Page 6, CASH FLOW FROM FINANCING ACTIVITIES, you can find repayment of Lease Liabilities of RM 550m for the 9 months to Sep 2019.
This means that EBITDA of RM 605m becomes ADJ EBITDA of RM 55m only.
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....
birkincollector
4,129 posts
Posted by birkincollector > 2019-11-13 18:00 | Report Abuse
hopeless as usual lol