17-08-2013, 03:02 PM
(17-08-2013, 12:51 PM)freedom Wrote:(17-08-2013, 11:59 AM)camelking Wrote:(17-08-2013, 11:09 AM)freedom Wrote: either "in future" or "extraordinary items".
sounds financial engineering to me.
since it is a large acquisition, there should be a circular to explain more about it.
my simple impression was the impact on earning, it looks like it was making loss.
not forming any opinion on the acquisition yet.
But the use of "in future" is a common term for any investment forecast...when you make investment, it is about future, no?
For the usage of extraordinary items, it is common term used in Australia....
A bit of blind faith...but the Elder Goh is pretty shrewd....
Vested
Though every investment is based on future, current acquisition based on past performance is more prudent than betting on uncertain future.
As for track record, I wonder who made the decision of investing into eunetworks, formally known as global voice. And more good money was thrown following the bad money.
Another bad investment by GK Goh is SunMoon.
Not a call to Buy or Sell
Mr Bump: All I Can Smell Is My FEAR
Mr Bump: All I Can Smell Is My FEAR