11mil is a hefty losses to a public listed company meh? 😂

Get educated yrself with the content of the article la.

Some ppl are just too naive. Can't afford so butt hurt 😎

Then can sifu enlighten what is essence of the transaction/article?

Not sifu. Article has already said they are recognising the tax loss as an asset. Your "BOW WOW HEFTY 11MIL" tragic loss will raise almost 20mil for the company while repaying creditors for a sum of 7mil. Cash flow or profit is King when it comes to biz!? Most importantly, ppl got sky high dream now aiming to build luxury condos and not those kai zai 6-7 units of bungalows in bukit tunku which they have already failed doing so. Their failed high end bungalow project which still have units for sale namely 10 Damansara Heights and Enclave Bangsar have proven to them not to go in this direction anymore. Don't just fart. Know something before farting then will be good.

How ah sifu? U scared their Lumi kill yr casa tropicana ah? 😂😂 the rubbish casa which u polished like gold 😂😂😂

Those sky high dream to build luxury condos con siudai money at the end of the day tho Better to be in yr shoe, don't buy so won't get conned

This post has been edited by mthc: Apr 13 2017, 11:23 AM

Casa good for rental. Cheap.

TA already whack a large number of Casa ppl. If TG siap, even more will move to new condo.

Biasa la, new toilet.

Good for us also.

Yea my friend moved from Casa to TA since TA rental not much more yet much better with commies right below. That Casa seriously like cow dunk when I went inside. Just a golf view yet ppl promote as if it's sitting in the golf course. Weird! Not to mention many PH there also. They love MJ

From their latest quarterly report 2016
Their cash RM17.6m
Inventories RM289m
Receiveables RM32m
Short term debt RM81m and payable is RM76m

Not an accountant but looking at the number... Thriven needs to sell their inventories and/or sell asset to raise cash. AFAIK.. the RM20m cash flow net raised wouldn't be sufficient to cover their short term obligation. I also notice the accumulates losses for FY2016 amounted to RM7.8m...

Anyway.. it wouldn't be a concern as these few millions is not a big deal for a public listed company.

For one.. I am glad that I cannot afford Lumi and I am sure you wouldn't lose your sleep over such matter. Another one matter, is this is the your natural way to express your view even in real person? If yes, I will not waste my time dealing and replying with people require an anger management.

Now already Q2 2017, no figures from Q1 2017?

You can search and share with us if you found it.

That's why. If you are not an accountant, don't act like one. Don't know the figures then go and ask yr kawan-kawan accountant.

You see ah uncle. I'm a siudai only. Still learning from u also. But I can sleep very well at night la wey 😂😂😂

I was shitting in the toilet one day and hearsay only la.. developers have a few ways of recognising profits. As for Thriven, profit is only recognised upon completion of projects. Their maiden projects - Lumi Tropicana, Lumi Sec 13 and Enesta Kepong are no where near completion wey uncle. Even the blind one also know la!! So may I know which projects have they completed now? I should be losing sleep over some baseless farts from yourself to start worrying when there is a red flag in their NPAT when there is no projects completed yet?

You see ah.. one day.. siudai was eating chap fan.. then hearsay also la.. hearsay those ppl eating on the next table.. you see ah developers hor... They are obliged to pay 81mil for the first year but how are they suppose to reveal payment released from the bank based on completion basis in the balance sheet? You mean the proper adjustment from buyers money should be adjusted in the cash and balances column if the balance sheet so it tallies with the repayment to honour short term debts? WOW!! The chap fan accounting method also cannot be done like this la wey! That is why SETIAKON IS OM ROIDS TO COMPLETE STAGES BY STAGES SO THRIVEN CAN GET DUSBURSED TO HONOR THE DEBT. BUT THIS IS PROJECT FINANCING. THE PAYMENT RELEASED WILL GO DIRECTLY TO THE FUNDING BANK

I asked my Preschool math teacher this to reply u.. she said hor If you want to count their simple WCR before we go on a more complex one, (17+289+32)-(81+76)=181mil but they are a developer so this basic calculation doesn't fit here. But ah sifu GKS THE CASA BOSS.. Not only that they are not over funded yet using own reserves to undertake projects, they have a rigid TNW of 155mil against total debt of 160mil.

If you ask me if I can slee well at night or not don't worry la... I can sleep a lot better than u. Haha.. if u ask me if I am like that in real life or not. We can have coffee lo. For u to find out and for me to know

This post has been edited by mthc: Apr 13 2017, 12:12 PM

Thank you for sharing your hearsay from shitting story. All the best then!

Haha.. thank you. as a matter of fact, look at Thriven cash flow and not the PnL or Balance Sheet if you want to make sure if you can sleep at night or not. Same goes to Fajar Baru or MKH or any other developers out there. Cash flow tells a lot more story than its siblings do.

One of your agent told him that the 3% price rise was not really an issue openly in forum

Of course he angry coz he bought the unit early under the pretext of the next phase going up 7-10%.

These accounting intimidates me.

What happened?

Agent said there will be at least 7% increase in price in later phases but turns out to be 3% only.

Anyway patchay boss. What is your view on this 11mil loss of land transaction between Thriven and Mount Well?

Do not trust agents...me same situatiion wit HEnge CONDO...block D supposely much more expensive turned out only few thousand xtra vs blok C

IS THE 8+2 PERCENT DISCOUNT STILL AVAILABLE?

Our property agency won't say this... but anyhow our buyers know the increment wont be that much as times are not conducive for big increment.

The property transaction in Bukit Tunku is a good move, despite a loss. The owning company is a 51% subsidiary, and after the disposal Thriven will completely takeover and use the company's loss as a deferred tax asset in accounting. But the main point is free up liquidity on land that the developer can't build as per the current management's desire.

This post has been edited by accetera: Apr 14 2017, 11:27 AM