Cabnet Holdings Bhd's wholly-owned subsidiary Cabnet Systems (M) Sdn Bhd has won a RM12.22 million contract, from Country Garden Pacificview Sdn Bhd, for the provision of extra low voltage works for nine 40-storey blocks of serviced apartments (4,033 units) located in Forest City, Mukim Tanjung Kupang, Johor. Â The contract, scheduled to be completed by April 3, 2019, is expected to contribute positively to the group's earnings and net assets per share from financial years ending Dec 31, 2018, to 2019.
Revenue has gone down 9.8% Total cash has decreased 14.8% yet Equity attributable to owners of company has gone up 8.4%.
According to the annual report, the Group’s cash has gone down due to purchase of asset. By total assets has only improved by 4%. There is still a total cash decrease of 10.8%.
Directors’ Fees went up from RM315,750 to RM350,000. This is 10%.
In this challenge and softening landscape – yet Directors are getting 10% more money, whilst the company revenues has gone down 10%?
One interesting point to note: the CEO has just acquired another 330k of shares. Since the share price is half of the IPO share, he got it at a huge discount!
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....
vinvestor
113 posts
Posted by vinvestor > 2018-02-20 17:16 | Report Abuse
why suddenly moved after 4pm today ?