Patimas unable to issue accounts by today
Publish date: Tue, 31 Jul 2012, 10:18 PM
The Board of Directors of Patimas Computers Bhd announced today the company will not be able to issue its annual audited financial statements (AAFS) for the financial period between Jan 1, 2011 and March 31, 2012 by July 31 (today).
This is within the relevant timeframe of not more than the four-month period from the close of the financial period from Jan 1, 2011 to March 31, 2012, it said in a filing to Bursa Malaysia today.
The reason for not being able to issue the outstanding AAFS within the relevant timeframe is due to the unresolved accounting, audit findings and queries on the company's accounts, it said. -- Bernama
This is within the relevant timeframe of not more than the four-month period from the close of the financial period from Jan 1, 2011 to March 31, 2012, it said in a filing to Bursa Malaysia today.
The reason for not being able to issue the outstanding AAFS within the relevant timeframe is due to the unresolved accounting, audit findings and queries on the company's accounts, it said. -- Bernama
Labels: PATIMAS
Discussions
Be the first to like this. Showing 11 of 11 comments
So the request for suspension wasn't to announce something good then? And many had jumped in to buy on the assumption it was going to declare a big contract or something of this nature.
2012-08-01 00:45
otai-otai sekalian help us at this counter...anybody know about this countar???
2012-08-01 15:07
Sounds something like the financial accounting irregularities as had happened to Silver Bird. http://biz.thestar.com.my/news/story.asp?file=/2012/8/1/business/20120801091946&sec=business
I haven't looked at its financials yet so I don't have an idea what its situation is. As richman has said, there's the *possibility* it might be suspended. On the other hand, if it manages to get an extension or whatever concession from BSKL (or is it the Securities Commission), it might see a rebound.
You will have to evaluate the reward-to-risk ratio: if you are comfortable, there might be some money to be made. If not, it's better to stay out. After all, there are HUNDREDS of other companies on BSKL.
2012-08-01 15:15
ok tq for the advc Mat Cendana saya hargai...so better to stay from this counter...
2012-08-01 15:51
it will be suspended on 8august unless it gets its thew auditors certification
2012-08-01 15:53
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
BFM Podcast
3
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
4
5
Koon Yew Yin's Blog
8
THE INVESTMENT APPROACH OF CALVIN TAN
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
szewei
omg
2012-07-31 23:32