Armada’s past earnings record had been in turmoil for donkey years till two years ago when we began seeing stability. Market is now pricing in possibilities of impairment losses creeping back in especially for financial year end 2023.
Armada has recorded 12 consecutive quarterly reports with handsome profits and strong cashflow. This equivalent to 3 years continue profit, including this year with or without this incident still a profit year.
What kind of impairment lost you are talking about? All OMV sold, Claire sold. What else?? You got do homework before posting here?
Posted by sense maker > 3 minutes ago | Report Abuse
Armada’s past earnings record had been in turmoil for donkey years till two years ago when we began seeing stability. Market is now pricing in possibilities of impairment losses creeping back in especially for financial year end 2023
Accountants / Auditors often have a conservative mindset due to their focus on accuracy, compliance, and risk aversion.
They are trained to be cautious and prioritize minimizing financial risks. While this approach is suitable for managing a company's finances, it may limit their ability to take calculated risks and seize investment opportunities that offer potentially higher returns.
Successful investing often requires a willingness to take on some level of risk.
Felix888 do you want referee arrange a competition for you with I3 auditor. You can set the term and condition and referee will send the acceptance of letter to I3 Auditor. In case I3 want to change the term then referee will inform you again. Boleh?
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....
Mikecyc
45,527 posts
Posted by Mikecyc > 2023-06-12 11:20 |
Post removed.Why?