Elecster Ord Share Price (0EA4)

The moot question is NOT whether or not CSFG is profitable... The Moot question is what are each of their Subsidiaries worth? CSFG Have 4 Data Centers and each of them is a Subsidiary of CSFG CX1, CX 2, CX 3, and CX 5 Let me calculate each of their fair values Data Center CX 1: Total Area Contributing to Rental Income >>> 81,000 ft² Annual Rental Revenue Contribution in Mill GBP >>> 1.19 Mill GBP Percentage of annual revenue >>> 8.00% Data Center Area >>> 45,500 ft² Exchange Rate Per MYR = >>> £0.180849 Build Cost per Sq.Ft >>> MYR 662.00 Build Cost per Sq.Ft >>> £119.72 Build cost of Data Center >>> £5,447,353 Per share addition upon sale >>> 3.40 GBX Data Center CX 2: Total Area Contributing to Rental Income >>> 321,000 ft² Annual Rental Revenue Contribution in Mill GBP >>> 4.71 Mill GBP Percentage of annual revenue >>> 34.00% Data Center Area >>> 157,500 ft² Exchange Rate Per MYR = >>> £0.180849 Build Cost per Sq.Ft >>> MYR 962.00 Build Cost per Sq.Ft >>> £173.98 Build cost of Data Center >>> £27,401,336 Per share addition upon sale 17.13 GBX Data Center CX 3: Total Area Contributing to Rental Income >>> 3,000 ft² Annual Rental Revenue Contribution in Mill GBP >>> 0.04 Mill GBP Percentage of annual revenue >>> 0.31% Data Center Area >>> 2,000 ft² Exchange Rate Per MYR = >>> £0.180849 Build Cost per Sq.Ft >>> MYR 1,333.00 Build Cost per Sq.Ft >>> £241.07 Build cost of Data Center >>> £482,143 Per share addition upon sale 0.30 GBX Data Center CX 5: Total Area Contributing to Rental Income >>> 550,000 ft² Annual Rental Revenue Contribution in Mill GBP >>> 0.04 Mill GBP Percentage of annual revenue >>> 0.31% Data Center Area >>> 201,000 ft² Exchange Rate Per MYR = >>> £0.180849 Build Cost per Sq.Ft >>> MYR 1,995.00 Build Cost per Sq.Ft >>> £360.79 Build cost of Data Center >>> £72,519,545 Per share addition upon sale 45.32 GBX When CSFG sells their Subsidiary... Assuming it is at the COST of Build it would bring in additional revenues of... £ 5.5 Mill or 27.4 Mill or £ 482K or £ 72.5 Mill The per share contribution of that sale would be: 3.40 GBX or 17.13 GBX or 0.30 GBX or 45.32 GBX So Take a Pick... All the details are from CSFG admission document Page # 11 http://www.csf-group.com/admission_documents_circular.pdf

>>They will tell you looking at the 2016 annual report that the company is a loos making one >>Is it? Lets examine it in detail with a microscope...The 2016 Figures >>Annual Revenues were £14,963,000 page # 22 >>Total Cost of Sales were £15,235,000 page # 22 >>The gross Loss then was -£272,000 >> Now here in is hidden the Mystery.... >>Or Should I say a web of Mysteries.... Now look deeper into the notes of section # 6 Starting on Page # 40 >> The first thing that looks out of place is.... ONEROUS LEASES PROVISION >>> MYR 57,900,000 >>> £10,315,339 Page # 43 >>The next things that looks out of Place is Allowance for doubtful debts >>> MYR 30,050,000 >>> £5,353,643 Page # 40 Allowance for slowing stock >>> MYR 482,000 >>> £85,872 Page # 40 Impairment of goodwill >>> MYR 3,750,000 >>> £668,092 Page # 40 All These FOUR Entries are the places to hide profits If you total them all we get >>> MYR 92,182,000 >>> £16,422,947 How is it that the provisions were higher than their operating Revenues of >>> MYR 83,987,000 >>> £14,963,000 Because they have had other revenues that are hidden here Finance income >>> MYR 1,748,000 >>> £311,420 Gain on disposal of joint venture >>> MYR 17,002,000 >>> £3,029,040 That is an additional Income of >>> MYR 18,750,000 >>> £3,340,460 So CSFG IS NOT a Loss making Company without any Doubt All of these pages refer to the 2016 Annual Report.. http://csf-group.com/_files/pdf/financial/4.%20Annual%20Report%202016.pdf The exchange Rate taken as per this annual Report at 5.613 MYR per each GB£ Reply | Recommend | Report