(11-07-2013, 11:29 PM)Clement Wrote:(11-07-2013, 05:32 PM)KopiKat Wrote: Results are out...
Financials
Presentations
at first look, I must say the accounts are very well done... Tiny Operating Profit, still got PBT but slip into a loss for Q2 after tax...
Look at it again in detail later..
Results seem ok. Loss due to impairment charge of NOK70 million, which is probably one off and roughly what I expected. Cash flow from operations turned positive qoq.
Even if I were to add back the impairment, it's still slightly below my expectation. Looks like the market is more efficient than me...

They seem to be pushing the results to the limit... technically, remaining profitable at the Operating & PBT level...

Their forward statement sounded rather optimistic to me tho'... But, that could be due to my being vested and seeing the glass as being half full...

Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
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