why you response to him. He dont even able to get a point. Simply talk without any analysis, but making insult around. Wonder who is the moderator still haven't ban him.

This post has been edited by ZPOW: Jul 17 2009, 05:36 PM

Don't worry la..

If compgt ever come up...
I will laugh back to him.... damn noob..

I am still wondering the GOODWILL of RM 100m should be written off according to the fair accounting rules.

Chinamen do not really pay for Goodwill that might not exist in the first place.

that you need to ask the auditor to visit them or report to MACC... lol... scary man...

I agree with you that it is scary....

Perhaps it is good to pretend to be blinded in front of a White Elephant.

Do not know is always better than to know.

And wishing you and your dream may come true one day.

Ok another rumors from me... Celcom and TM products announced to "resellers" not "distributor/compugt" that they want to revise the commissions... possibly higher or lower... in August

this can means celcom & tm truely wannat cut off relationship with compugt dont want to go tru them already...

but pls judge this as rumors bcos no confirmation yet.

---

Added on July 17, 2009, 7:42 pmi mean MACC is scary...

by the way, to answer your Goodwill concern...


total assets without goodwill = 89.1

total liabilities is 39.3

then why they need 110 for the goodwill? calculate la... their common stock value at bursa is "a lot", which is also their equity, how to put that in Asset? goodwill la.


If dont want to count the stock market value and goodwill

The assets is much higher than liabilities...

what's the problem here for the company?


If the "equity" being evaluated at high price because of merger or acquisition, then the goodwill is dangerous,
but the case here is not, here is pure to write off the common stock market value.





This post has been edited by ZPOW: Jul 17 2009, 08:30 PM

I guess you oledi figure out something on your own.

The co or so called the group is formed by buying up several smaller cos ( subsidiaries ).

Goodwill is created when you pay more for the actual costs of assets ( something like paying for premium ),including patents.

It is an acceptable practice since it takes a long time to build up a brand such as Cola-Cola , KFC or Genting. And you start to enjoy the profits right away ( a new business may take a few years to break even ).

But the danger is it could be misused e.g to buy related companies at inflated prices i.e unproductive assets and not generating good profits. The major owner may receive something back in return ( or actual seller of the business) , leaving the minority to suffer ( expect nothing but share price drops ).

usually the payment to buy up the business is through issuing of more shares. ( or cash ). More shares means diluted unless the earnings go up in the same manner ( or more ).


So form your own judgment.

This post has been edited by SKY 1809: Jul 17 2009, 10:47 PM

the new acquisition is only how much? the Goodwill here is bcos of stock market value... not related to what you said at all... that's what I am saying.

you follow the textbook advise and common financial firm advice to read goodwill, but you never look into the real fact behind that build up the goodwill here... pls analyze properly.

This cuckoo counter is obliviuos to what happens around it. Omione assumed a higher gross margin. That conjecture is flimsy as in this distributorship biz, it is all too easy to massage profit. More particularly, this claim does not jive with the high AR of Rm70m.

The barometer to gauge this kind of biz is to see its AR. If it comes down, it really is progress, no matter whether the profit is 1% plus another 1.5% of manipulation up or down.

If you earn 1% and give credit, it is not doing biz, it is nuts. You need to close 100 good deals to cover for one bad deal.

Scare tactic, MM gameplan, reverse distribution, rumours of Tan Sri's interest are reasons to keep your investment on a failing enterprise? Cutting loss is painful but losing all is much more so. Every biz has an intrinsic value. Some say this company will not close shop? Can someone more figure-savvy explain the rationale?

Ironically, I really would like to see this counter move up and understand how magic of this kind can be pulled off in public place. A learning lesson for me.
If ever this company

no offense to those who bought this counter. been 'forced' to monitor this counter for a while cos whether i like it o not it kinda sticks out like a sore thumb, due to the volume. when market rallies, at best it touches 0.08. when market drops/ consolidate/ corrects, it can reach 0.065. but out of 365 days, probably 360 days it gets stuck at 0.070 to 0.075. ok i added too much sauce here

i gotta give it to you guys who r still holding on

I salute you.

From the announcement, their audited account already shows that even if they lose the distributorship, 49% of revenue, their net loss remain 300K++
is this enough for u? or you just want to talk cuckoo all time without giving a calculation or analysis and ask ppl to calculate for you.

300K or less over 350m sales, less than 1% profit lah, before paying the CEO's pay.( At best , this prepaid business is at break even )

That is what yr co making for you all the while.

happy Investing.

This post has been edited by SKY 1809: Jul 17 2009, 11:04 PM

if you read our postings from beginning. we long ago already know this company P/E low, no dividens, ass hole mm.

so what you want to prove here?

ZPOW, you ought to learn more about the basics of accounting before investing. I cannot help but sympathise with you, just like SKY did.

RM300K profit can only cheat layman like you. Like I first wrote, the writing is already on the wall, needing no analysis as all figures are self-explanatory to me and any investor worth his salt.

you are the one need to learn. it is net loss 300k... kesian... need to learn "england" lang somemore

300K out of RM300m is 0.1%. RM300K over 2b shares for EPS is 7 times more ridiculous: 0.017%. Fixed deposit is 2% at least. That is elementary, no need analysis.

goss... textbook stuff again... it is NET LOSS here!!!
go away la... noob

Hi ZPOW,

Go and get a second opinion from someone you trust and able to read the Financial Statements.

Hear what she or he has to say to you.

You can't even analyze, you talking?

---

Added on July 17, 2009, 11:12 pmRemember got lots of ppl say you are not Making Sense at all? while your name here is Sense maker?
Did you actually read what ppl responded?

This post has been edited by ZPOW: Jul 17 2009, 11:12 PM