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Took a quick glance at the 3-year financials. Seems revenue scaled up very quickly but cash flow is still -ve (as in FCF).
Balance Sheet is also not strong enough to borrow significant amounts. Too much of the current assets sits with finance lease receivables (wonder what this is?).
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Wow, this is a good case study of risk-taking. Need to be a venture capitalist to invest in this one. Honestly, the technology and concept are relatively new so that we have no clue how this will pan out. They may be ahead of their time but this is no gurantee that it will take off. I confess thatI haven't had the time to look at their prospectus. This may not be for true blue value investors.
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The part I don't understand is why go public at this stage of the business and not look for funding from VC?
You can count on the greed of man for the next recession to happen.
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Declout starts trading tml!
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Good stirling debut! A promising start to the next Tencent Holdings!
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21-03-2013, 11:01 AM
(This post was last modified: 21-03-2013, 11:04 AM by LionFlyer.)
Fell off my radar after the IPO but it went down to 0.16 which was close to the book value in Dec. Results looks decent, but will reserve my comments after a closer look at the numbers.
http://declout.listedcompany.com/newsroo...B29C.2.pdf
http://www.remisiers.org/cms_images/rese...130312.pdf
edit:
not vested
You can count on the greed of man for the next recession to happen.
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any1 has further insights to share on this counter as was highlighted by frds to take a look at it...for long term...