Member Info for jollyspeculator

decent adj p/e; growth prospects in Korea; and experienced/align management ...will be here with cart to load up sub 50p

not really imv ...so far...given poor record on receivables ...I suspect 12-13p has provided a false floor for bottom seekers

tradeless..and then a sell...wot excitement

yep..interesting support @ 13p..foolish?

the bounce looks like a lifeless moggy

bid deter

The acquisition is expected to complete in May 2014.

my observation would be that your unconventional approach to EV risks muddying the clear conceptual waters ...I would urge you to desist lol ...the EV is the measure of long term external capital of whatever form needed to support the business that generates the EBIT...in this case the inventory are needed to generate the EBIT as is much of the property...so pls don't extract these assets to reduce EV lol ...but I go along with your conclusion that if they manage the integration well, there is value here

you called this right ages back, if I recall

yep...just not good enough

in old style Porter Framework analysis, DQE looks as though it has either/both (i) weak management (critical skill being paid/managing working capital) (ii) weak negotiating position/market power

and dqe said ages ago it was trying to get on top of the receivables challenge lol ...is it impossible to change their terms of business? or do customers do business with DQE because their terms are "soft"... or have I grasped the wrong end of the proverbial?? ...if DQE does a decent job, surely they should require that all customers pay...and those customers with dodgy finances/payment history should provide credit enhancement/support

so eyeing up entry

don't seem to treat DQE with much...how should we call it?..respect ..is this an industry wide problem, Sonny?

In the total for bad and doubtful debts of INR 230m at 31 March 2014, an amount of INR 55m is the amount due from Moonscoop SA, France, which has filed for administration, and INR 175m has been provided for receivables from SMC International Group Inc. (SMC). SMC was appointed as DQE's licensing agent for the Jungle Book Season 1 TV series for the North American territory, but has breached the terms of its contract with DQE. DQE has terminated the contract with SMC and also filed a legal claim against SMC for recovery of the dues. Our legal counsel is confident that the verdict will be in our favour. Advanced negotiations are ongoing with experienced licensing and merchandising agents in the US to replace SMC. While the net cash flow from the operating activities after working capital changes is positive, the overall cash and cash equivalent was negative at the year end because of the continual investment by the Company in the development of Intellectual properties as part of its business plan. Our banks have been supportive in extending the facilities for carrying out its business activities. Cash available at year end was INR 28m and the main reason for the low cash position was on account of the slow recovery of receivables. The total outstanding Trade Receivables of the Company at 31 March 2014 was INR 2,599m, out of which INR 1,322m was outstanding for more than 180 days. The Company has confirmations from its customers of their dues to the Company. The monies are being received on a regular basis from most of the customers, though in small values, thus confirming their commitment to pay and honour their liabilities.

yep...the upside here is terrific but I have to cut my losses

yep...cultural difference??...receivables and payment challenges more accepted there...and raising finance perhaps seen as less of a problem?

the receivables are not being collected as they shd The debtor position has inevitably put pressure on our cash flow and working capital which of course we are monitoring closely and our banks have been supportive. However, whilst debtors are gradually repaying, it has not come at a rate we expected and" AND therefore " so we have been exploring options for a longer term funding solution for the Company to crystalize the large and growing pipeline of orders as quickly as possible. In this regard we are in active discussions with strategic / financial investors" Goodness gracious me "to refinance the business."

in case transaction doesn't complete ..also to free up cash for elsewhere? ...ironic that the intention is to delist (which was Upup's stated reason to sell @5p)

Upup..that was crackers...tant pis