What can I say, bro,... but just ..

For myself,.. I prefer to wait for the HY report to come out first tomorrow,....

This post has been edited by Hansel: Feb 22 2017, 03:16 PM

Not bad profit. 9 % in 2 days......

Enough for a ticket to Melbourne

This post has been edited by prophetjul: Feb 22 2017, 03:18 PM

Don't sell all,... sell half only,... may have good news tomorrow !

Yeah.....sold half only. I do think the organic growth is still there.

CUP

PROFIT FROM OPS UP 9%. That's nice.
But revaluation from some investment is down.


http://www.countplus.com.au/Shareholder-Ce...X-Announcements

Hi bro,... that's right,... without tax, etc, etc,... let me summarize below :-

All figures and percentages are as compared against the previous corr period, pcp, ie for period July to December, 2016.

1) Profit from Operations before Tax: $4.2m (up 9%)

2) Minus Fair Value Loss on our investment in Class Limited : $1.6m (after tax)

3) Minus Non-Cash Impairment Expense for an accounting subsidiary, TFS : $780,000

4) Minus Provision for the review and remediation program for the subsidiary, TFS : $1.1m

5) Consolidated Profit from Operations before Tax : $2.9m (down 73%)

6) Net Profit after Tax : $2.1m (down 67%)



Well,... we can hope that the impairment expenses and review provisions will not materialise by such a big amount later,...

not looking sp healthy.
What is the loss on investment?

Countplus Ltd holds a few percentages of stake in the software co called Class Ltd., which is also a PLC. Last yr, the revaluation was good, hence there was a gain towards the profitability of CUP. But for 1H2017 results, the share value has dropped, hence, a loss compared to the acquisition price earlier to buy the shares in Class Ltd..

CUP has disposed a number of shares and gotten back $3m in February this year..

AUD down to 3.365 to MYR

Yes, bro,... good tracking,...

Any reasons to yr opinion ??

i read somewhere that the Aus economy is not expanding as fast as expected.
Plus as my friend warned me they will have problem balacing their national budget come mid year.

https://www.theguardian.com/australia-news/...economist-warns

Appreciated v much, bro,... Thank you !

Buy some Telstra for the divvy payouts,... prices are dropping,....

i notice too.. why so sudden?

Hell even SGD also drop to 3.155. Could be Saudi King effect

This post has been edited by Ramjade: Mar 3 2017, 03:55 PM

I read the reasons for the weakening of the AUD is because of the impending hike in the Feds rate on March 15th... and then : The Aussie was also pressured by weak commodity prices with aluminium, oil and gold all falling.

AUD on rocket fuel again!

Yeah,... because the RBA did not cut rates yesterday, and even stated that current OCR is good enough to support the economy ! Wait for this Friday,...

RBA is caught between a rock and deep blue.......house prices rocketing STILL and tame inflation.....how?

If the pie gets larger, ie good GDP growth, then most problems are solved.