someone is pressing down the price ...the trend doesn't looked normal. Mayday finished ... someone has won the battle. the point is whether we should wait while the big elephant is fighting . Maybe we are not loosing money but we hv lost other opportunity.
Scomien reduced loss in Q4. Scomies profit also reduced a lot in Q4. Monday see how market reacts. Both not giving dividends, so have to see how Scomi itself perform
Either announcement coming or tall rich handsome betting that this quarter's result is better than last quarter's. This quarter's profit is about half the average of last 3 quarter's profit due to losses in marine services. Market will be righter than I am. We will know on Juneday
For the purpose of calculating basic earnings per share, the amounts attributable to ordinary equity holders of the parent entity in respect of:
(a) profit or loss from continuing operations attributable to the parent entity; and
(b) profit or loss attributable to the parent entity
shall be the amounts in (a) and (b) adjusted for the after-tax amounts of preference dividends, differences arising on the settlement of preference shares, and other similar effects of preference shares classified as equity.
bro rocket check the PDF file and read everything after 3925. The 3975 went to the owners of the company. Other profit and losses are given there as well
Hahah..why so curious... Previous year result on 31st may 2013.. Loss @ 65million.. But this year 5million profit.. Is gud or bad?? Determine urself...
bro rocket. Looks like a balance sheet. Profit from continuing operations 3.925m. Loss from discontinued operations 5.573m. Profit to non-controlling interest is also expense for shareholders 2.327m.
3.925m - 5.573m - 2.327m = -3.975m.
First time reading financial reports lah, so forgive me. I think it's a good thing those loss making operations have been discontinued.
I wish I know bro. Someone spent a lot of money to buy at 0.43 and 1.12-1.15 today. Should have confidence that it can go up kua. Maybe the amount of loss is below forecast leh
If compare to previous quarter..this quarter perform even better... But becos of taxation that why red...let c how the price reflect to this...the way this counter stop loss below 415... Happy trading...
Scomi Group Bhd’s pre-tax profit soars 265% to RM77.1 million for the financial year ended March 31, 2014 comparedto its previous 15-month financial period last year. The group changed its financial year end from Dec 31, 2013 to March 31, …
Gud description bro rocket.. Taxation is external factor.. No choice.. Out of company management control... So this company must lobby for tax exemption...
If want to compare, Scomi was trading at above $1.50 before the 2008 crash. Pre-tax profit for 2008 was $140m. Pre-tax profit for 2009 was $50m and it was trading at 40cents-80cents after the market recovered (ignore the 30cents range early 2009). It should be trading at above 60cents loh. Stock market usually look at future prospects, so it needs to bag more contracts.
I'd say $77m pretax profit is quite good, but the last quarter was below the previous 3 quarters with a net loss - down hill. Have to see how the market thinks. Still got RSC to hope for. Not sure how Scomi and SES split their business as both also have O&G revenue.
Loss from discontinued operations 5.573m. Profit to non-controlling interest is also expense for shareholders 2.327m. Bro beLIEve, the calculation that u showed us , the losses , was that the one time of loses ?
Scomi must show they have the potential to grow. Like I said I don't expect the report to differ much from the previous few quarters. Revenue n pretax profit about the same. But biggest problem is the net profit is negative. Scomi no longer hold much biz.scomies n scomien will be main revenue. Scomi holds and 70 % of scomies if I m not mistaken. The most valuable asset is scomi oiltool which is under scomies now. So they need to show significant increase in revenue to show growth. Rmbr 1 thing, they have a big debts to finance. Without profit they won't able to finance the debts. That is why they fall from rm1.50 and never recover. And they have no funding to expand. New investment is needed.
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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....
mictkp
108 posts
Posted by mictkp > 2014-05-30 15:55 | Report Abuse
report should be good?