shernlee lol ychi..recently they d do private placement..so they got the cash to pay the debt ==.
The latest annual report was uploaded to Bursa and the cash flow is still bad. Wonder where did you find out that the company management got the cash to pay the debt. Please study before you comment. It is another story if you have insider news.
I don't think the company has cash and enough funds to run the company, seeing a lot of debt and asset were recorded in the annual report. The management has to do a debt restructuring and financing else it will go worse.
only a reseller for Apple and Google if not mistaken... the sales persons take products from Apple and Google and sell to schools, but don't think that contribute much for the company. the company is providing STEM education to the schools but majority are Chinese schools with budget.
http://www.theedgemarkets.com/article/eduspec-expects-profit-fy18 @alvin0255 You are right. I don't think the company can expect profit in 2018. Looking at the annual report and financial statement, the company has to conduct restructuring and refinancing. 1. No cash flow 2. Bad revenue Think the company hired a lot of dump people. I also checked the company management background, turnover is too high! Meaning smart people left while those who cannot find a job and stay and makan gaji. My friend wants to buy but I told him not to after did some research
ahh you are right @ychi1980 ..i bought this since 5 years ago ..went to visit this company can feel really alot of wastage , and the environment like so "down" adoi..my fren was working there previously and left after 3 months, it was a good sign when they said wana promote digital education to all school, but seems no smart people around.....sigh..now im stuck with huge amount here.
@shinshin12 the office is in shah alam, correct? i saw from its website, it looks nice. what is the wastage about? omg! huge amount... no choice but have to keep and wait
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ychi1980
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Posted by ychi1980 > 2017-12-05 12:14 | Report Abuse
shernlee, you have insider news? I checked through the financial report and all are in negative one