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!
Stock: [CABNET]: CABNET HOLDINGS BERHAD
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!