Happy011

Happy011 | Joined since 2019-05-14

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2019-05-14 11:37 | Report Abuse

Looking at the annual report FY2017 to FY2018:

Revenue has gone down 9.8%
Total cash has decreased 14.8% yet
Equity attributable to owners of company has gone up 8.4%.

According to the annual report, the Group’s cash has gone down due to purchase of asset.
By total assets has only improved by 4%.
There is still a total cash decrease of 10.8%.

Directors’ Fees went up from RM315,750 to RM350,000. This is 10%.

In this challenge and softening landscape – yet Directors are getting 10% more money, whilst the company revenues has gone down 10%?

One interesting point to note: the CEO has just acquired another 330k of shares.
Since the share price is half of the IPO share, he got it at a huge discount!