RVI123It is true that the revenue and profit should go up. One of the beneficiary of falling Ringgit. Just do not know if Tiah will take this right moment to privatise the company?
SentulMaliWhilst revenue MAYBE up because of forex translation, it is definitely going to have substantial unrealised forex losses due to translation of borrowings in foreign currencies. Exchange differences (approx) : C$, RM down by RM0.30, S$ - 0.30, Aud$ - 0.20, Euro - 0.90, etc. As per 30.04.15 qtr, borrowings in C$100,858K - Forex loss = RM30M, S$175,700K : RM53M, Aud$122531K : RM24M, Euro44853K : RM40M. These 4 currencies denominated borrowings alone between 30.06.15 to todate, roughly forex loss = RM147million.
fatty_tangbut bottomline is, Revenue has to increase. but why does it keep decreasing??
fatty_tangsomeone should have asked this question during the AGM.
SentulMaliEven u ask question, do u really think u would get an answer?? The Co and its directors does not know what biz they want to do. So they just do a bit of this and that. Get/Borrow some money and buy plentiful of assets and hope these assets make some profit for the Co. Also, 2 of their directors were criminally charged by SC. So u think u will get a truthful answer if they have one?? Co is listed under property segment but property development revenue for 6 months is only RM853K only!!! See they dun even know what segment the Co is! Land held for development has been there for several years. Maybe 200 years later the Directors may wake up and realise besides holding for development, they should actually develop these land to derive income. 31.07.15 results show hundreds of millions in investment securities but deriving loss of RM25 million. Even an idiot who puts hundreds of millions will derive positive profit if put in FD. Rubbish Co.
p899Agreed, the management is sleeping. They should aim big like Eco world management