*****
Shareholder advocacy - Sapura
Sapura..........
Do they have jobs or no jobs? If got jobs, why so much impairments?
Are they merely playing with Accountants and Analysts?
Here is a job for The SC, MSWG....and shareholder advocacy groups to look into....
Maybe the MIA, MICPA ,KLSE should also look into this Sapura fiasco.
The Company says impairment is non cash items, good for future earnings, encourages you to buy for future earnings....analysts mostly agrees with such strategies.......encourages other companies to do such stuffs in future.
But Accounts are meant to show a true and fair view...not what the Directors and analysts want.
so how? Can forum shareholder advocacy groups to look into this and throw it into the open and force some changes?
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Discussions
Be the first to like this. Showing 15 of 15 comments
confuse > Mar 28, 2018 11:17 PM | Report Abuse
When IPO time why RM 2 not 50 sen or lower?
=====================
IPO time? but that was too long ago.....nevertheless the timing is this impairment also very suspicious...why now? why not earlier? didn't they know earlier?
lots of questions for the MIA, MICPA to answer
2018-03-28 23:22
Someone want to press down Sap price? Earlier don't do so that Sap can fetch higher price?
2018-03-28 23:27
Future earnings depend on operation not impairment or assets revaluation? Parkson also had assets impairment last 2-3 years.
2018-03-28 23:33
confuse > Mar 28, 2018 11:27 PM | Report Abuse
Someone want to press down Sap price? Earlier don't do so that Sap can fetch higher price?
==================================================
whatever the motive..Accounts are supposed to show true and fair view as at Balance Sheet...not what the directors want and when.
shareholder advocacy groups? SC? MSWG , where are you when we need you?
2018-03-28 23:41
The directors would have known about the impairments one year ago...maybe two years ago...but they get to choose the timing for the impairments, in collusion with the auditors.
Can people who bot and lose money hold the directors / auditors responsible....? Not to mention , in the last two years the substantial shareholders were on a selling spree
2018-03-29 00:14
Investing in stk markets has risks, although this may not be obvious to many who make good money in recent years.
After all stks markets has been generally up for the past 10 years, since 2008.
Could 2018 be the start of a new downtrend that has been long awaited by many experienced hands ?
In the current uncertain investing climate, would it be more prudent to stick to the safely of proven stocks that are still in uptrend rather than downtrend stks ?
Investors lose money, partly because they try to outperform the market, to bet on a stk that is trading at the lows and hope that it will rebound to their TP. When the stk continue to go down, they cannot turn around and cry scam, lousy mgmt, this and that, because they are responsible to pick this stk in the first place..hahaha
2018-03-29 07:01
it is not about investors good or lousy....it is about companies, good or lousy.
2018-03-29 07:33
does the last audited accounts give a true and fair view then?
would the SC, MSWG, MIA, MICPA take up the issue?
2018-03-29 07:41
If investors study the companies first, to find out if good or lousy, before invest, then maybe less surprises..
2018-03-29 09:07
https://www.thestar.com.my/business/business-news/2018/03/29/cimb-rese...
Analysts buy into the story that impairment is good....rather the other story of whether its last audited accounts gives a true and fair view? whether you should trust your money to such management?...whether got job or no job? if got jobs why the need for impairments?
2018-03-29 18:18
moral of the story...IB analysts work in collusion with listed companies.
if auditors also like analysts, then die la.
2018-03-29 18:20
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confuse
When IPO time why Sap RM 2 approved by Bursa/bankers not 50 sen or lower?
2018-03-28 23:18