well said

Gark has the full analysis, his fanci.......

Now U are good in Auditing

Time to sober up

http://www.theedgemalaysia.com/business-ne...o-sober-up.html

Maybe he eat salted fish for one year, then goes for traveling

This post has been edited by SKY 1809: Jun 28 2013, 12:34 PM

Needs more GAB or tongkat ali to perform

Actually saving is one thing, investing skill is another.

2 diff things ......

Someone said the same about the INK thing.

Do not wash your hands , then it is not erasable .

Sure one week after Erection, then u are free to do that.

Do not cross the line for 1 week....

CI is very bullish , can hit 2000 pts soon

Vegetarian abalone n shark fins still cheap

Indonesia provides free lands to rear sharks

deleted

This post has been edited by SKY 1809: Jun 28 2013, 04:59 PM

many years lor no increase........

Certainly a good way to lecture people for not supporting Bee N......

The excise duty on beer and malt liquor has not been raised since September 2005, when it was raised by a steep 23.3% to RM7.40 per litre.

This post has been edited by SKY 1809: Jun 28 2013, 05:08 PM

One is Dracula Chong and the other is Vampire Tan

Related....

This post has been edited by SKY 1809: Jun 28 2013, 05:14 PM

Gark is FCF Master now

Some more, he can modify the formulas

Dracula and Vampires better don;t play play with him.

This post has been edited by SKY 1809: Jun 29 2013, 11:42 AM

But there are still some set backs to Cash " flow " kinda thing.

All the profits are not actually in" cash forms" , though termed as cash " FLOW " , like Sales .....just " Cash Equivalent at best "

Sales ( aka debtors ) could be in credit terms and see little chances to collect back in time , LCL is example.

the other thing, stocks could be another important " cash equivalent item " that could be easily manipulated .

Bonds could be junk types, but also cash equivalent........

Some forms of cross checking by using working capital ratio might be good , such as debtors days . creditors days etc..in layman terms ..

I mean things cannot be taken at Face Values without further checking .

It also depends on how well u can trust the management and the external auditors. ( Red chip account etc )

MY 1sen view only.

This post has been edited by SKY 1809: Jun 29 2013, 12:18 PM

No point to declare co policy of paying Dividends out of 70% profit .........

FCF might show this company management is not telling the truth...

This post has been edited by SKY 1809: Jun 29 2013, 12:16 PM

How to get Net Debts of 314M , or the FCF is only 28K , and debt is 314K

Mind to share a bit more .

This post has been edited by SKY 1809: Jun 30 2013, 03:14 PM

Quite simple to follow, mah


Free Cash Flow - FCF


Definition of 'Free Cash Flow - FCF '

A measure of financial performance calculated as operating cash flow minus capital expenditures. Free cash flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. Free cash flow is important because it allows a company to pursue opportunities that enhance shareholder value. Without cash, it's tough to develop new products, make acquisitions, pay dividends and reduce debt. FCF is calculated as:

EBIT(1-Tax Rate) + Depreciation & Amortization - Change in Net Working Capital - Capital Expenditure

It can also be calculated by taking operating cash flow and subtracting capital expenditures.
Investopedia Says

Investopedia explains 'Free Cash Flow - FCF '
Some believe that Wall Street focuses myopically on earnings while ignoring the "real" cash that a firm generates. Earnings can often be clouded by accounting gimmicks, but it's tougher to fake cash flow. For this reason, some investors believe that FCF gives a much clearer view of the ability to generate cash (and thus profits).

It is important to note that negative free cash flow is not bad in itself. If free cash flow is negative, it could be a sign that a company is making large investments. If these investments earn a high return, the strategy has the potential to pay off in the long run.

FCF is a better indicator than the P/E Ratio and here's why - Read Free Cash Flow Yield: The Best Fundamental Indicator and FCF: Free, But Not Always Easy