i tot there were news and photos on fb and newspaper too.... my fren who has connection at site told me it is still being held now...

Steady, this qr result sure good... plus they r going to Fair Value their concession rights.... HUGE profits for sure.... but how is the OUTLOOK??? While machinery and tractors still held by authority, logs extraction for August sure very very very low.... waiting for more disclosure on the crackdown in July/August too... dont tell me pworth not going to disclose this SUBSEQUENT EVENT in qr....

The problem is that high volume today involved trading of major shareholders or not.... need to wait till thurs/fri only know...

If this week more announcement come out on disposal by rashid.... really bye bye de lo...

If u r stuck d, u only can hold n pray for the best... or average down when it is a right time...

Excel, can recognise or not is not depends on if spa is signed... it looks at trf of risk n rewards, now will be looking at control.... page 99 of AR 2017 shows remaining balance is a commitment.... not a liability... means pwi didnt take up as asset even after they sign the spa...

Good luck to those holding...

Besides, no body know if acquisition of fmu5 completed at end of june, no body know if it was recognised on book at end of june... isnt that the ri is to pay for the cost? So how can it be completed in june? Then how to reocgnise fv of Fmu5? Perhaps excel can enlighten us how he knows lo...

So u agreed they purposely want to recognise the reserve in this quarter la right? So it makes thing fishy lo... y this quarter????

Watever, i will wait qr and the update on crackdown first instead of jumping out to defend how good is pworth... some ppl just not happy other raised the curiosity coz they scared shares they r holding will drop further....

Ans excel understand more than tswong99... he is god... but cant answer y early adopt at final quarter instead since LIFE SO DIFFICULT...

If operation resumes as usual, outlook will be good... my view...

Honestly, they r lucky they hold their egm in may and the corporate proposal is passed....the crackdown was also happened after the due diligence...

If the acquisition of fmu5 not complete too as at end of june, then the mfrs141 is for the insignificant portion lol.... just wait another week for the report...

If the entire acquisition of fmu5 is complete, is it a requirement to make announcement? If they r unable to list gsr before deadline, they have to pay 40m and 200m by two tranches... have they paid?

Read their annual report pls

They have other forest plantation too, not just fmu5...

Make life difficult and delay report? Wait until next quarter only adopt la...

Then y they early adopt now?

i think excel buy share count average price by batch one.... this lot 0.07 i can sell 0.075.... next lot 0.10 i wait till 0.105....

Mfrs thing i already comment so much... think u dont understand... early adoption should had been done for quarter ended 30 sept 2017 if they had such intention... but the intention only come for quarter ended 30 june 2018??? Everything happened at the same timing... And explain y no early adoption for mfrs15 which also effective for fye beginning on or after 1 jan 2018? Announcement no mention woh...

U can buy if u confident with it in 1 or 2 years.... just that things still not clear so i think it is not the right time currently..

Thats after end of june... it will be subsequent event for disclosure...

I agreed with stockhunter Q2 2018 is good.... just the outlook... y rush for new standard adoption too... y delay report.... these r the things to be clarified...

Excelyou, then what is his cost for a unit share before ri and bi? How can u just calculated cost for ri and bi? His original holdings r diluted because of ri and bi....when calculating the cost... u should add up his original cost of holding that one share, add rm0.10 then divided by 4.... which u dont know exactly how much.... u post rm0.033 here is misleading ppl...

They dont need to rush for the early adoption since it is mandatory to adopt mfrs141 for quarter ended 30 sept 2018 which is just another 3 mths only... y want to rush it when it is not mandatory? And rush it at the final quarter of fy2017... do they early adopt mfrs15 too? Not mentioned in announcement isnt it? Both first year adoption in fy2018 but early adopt mfrs141 and not mfrs15 tgt... y? Both also need restrospective adjustment i think... something fishy la... use fv gain to make result looks good??? Share up and sell???

Can buy this one?

Just wait their report to get clearer situation...

Means they r not in possess of the logs now? Logs will rot de leh.... ends up it maybe written off unless they can claim compensation... as i said their tractor etc still being held, so highly lightly fmu5 not producing any logs in Aug... outlook is glooomy unless they r cleared of any wrongdoings and resume operation.... the accounting one is really just an excuse la... u know u can play ard FAIR VALUE de loh... somemore it will involve such a complex calculation... and the auditor not even Big4..

They have other fmu too la... not just fmu5... as i said, u have 6 years to prepare... y wait till now? News on acquisition of fmu5 was march april 2017 too...

Excelyou... wat huge reverse? Reserve?

Stockhunter, outlook???? Maxland still not resume their extraction work... machinery still being held... if acc issue, y dont disclose extraction volume?

Azta, i also projected a good result btw apr to jun 2018.. the result might surprise many when they fair value the timber concession.... but how is the outlook? Crackdown by new CM? Write off of the 40,000 logs? Those happened after june.... see if they disclose any subsequent events la...

Excelyou, do u know when was mfrs141 announced? 2011... masb let certain companies to start adopting it for fy beginning 1 jan 2018.... early adoption means one year ealier... means pworth knew this thing since 2011.... if they plan to early adopt it, they should have adopted it since quarter ended 30 sept 2017.... not so rush to adopt it for quarter ended 30 june 2018 (q4 fy2017)... 6 years to prepare lo.... not that we try to interpret something from announcement.... just that it doesnt make sense to rush this thing at this time... andearly adoption is optional.... their cfo can go to eat shit lo like this...

Monday director and major shareholder throw lo...

Early adoption decided until final quarter of the financial year.... so funny... trying to use fair value of timber concession to recognise huge profit push up the result and price?????

Stockjobber, part of it sure theirs... coz fmu5 is theirs... it was on newspaper d....

Quarterly report delay... fishy...

Delay quarterly report... something fishy

I think the result is good given the price increase for timber products..... BUT...... the outlook maybe gloomy.... see their extraction report and update on the investigation....

Of course...

They dont know how to announce the volume coz some extracted volume was confiscated right?

Investor still lack of cf confidence.... even though the business environment is favaorable to flb...

Jon, is it means u will change ur mind if 2-3% interest was charged instead? Wat so difficult to know the rate? Isnt that u can go to website of respective authority of that country to download their audited account... the effective rate and terms r normally disclosed in it...

If the project will be making losses, i believe impairment loss on investment in jv would had been recognised in the latest financial statements... but i dont see any so far...

Y doubt the project? Coz of the loan?

Saw photo the team stop the logging activities and rumour said is this company also...

Looks unlikely... wat for goreng, they dont trade except one...

Coz mastermind aeric said it last time... he keeps saying flb will be very bad... q1 q2 very bad... no dividend... ba bla bla and then now he said he bought it d... baru ytd he said tp 1.60 but now he said to 2.50.... aeric is a real joker...

So ambitious oh RM2.50...

It is on the newspaper macc investigated 3 companies and they went to forestry too...

RM0.80 la Aeric...

Isnt that MACC investigating? Went to forestry department early this month somemore...

Result maybe good but how abt outlook??? Gloomy...

Think should wait qr coz we dont know how bad is the investigation carried out on them... 5sen la... i buy...