Rich118

Rich118 | Joined since 2014-11-09

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2014-11-09 13:31 | Report Abuse

雪芬, that's different. What you meant by net cash increase in the next page is because it draws down RM 178 million from bank borrowings. What I meant is the net cash from operating activities which is negative and my worries. I am still awaiting Icon8888 to shed some light on this as I am sure he know much better than us. Icon8888, thanking you in advance.

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2014-11-09 10:13 | Report Abuse

Icon8888, good morning. I am convinced of your investment case for GOB. Bought some last week, and thinking of buying more.

Hope to get some clarifications from you on the Financial statement from the latest annual report (Aug 2014). I noticed that though it makes almost RM 39 million of net profit, the net cash flow from operating activities is Negative, i.e (- RM 76.58 million). Why does it so? Any serious concerns on this front given challenging property market ahead in 2015?

Thanks in advance for your guidance.