Ignore the trolls huge opportunity10 Sep 2017 13:50
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£