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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » PC House Right Issue

PC House Right Issue

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41PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 10:04 am

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/5251364444433_.pdf

42PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 10:13 am

RANGANA PERERA


Manager - Equity Analytics
Manager - Equity Analytics
What happen next ?????????????? MR GAJA Basketball

43PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 10:17 am

CSE.SAS


Global Moderator
http://dynarisholdings.com/

44PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 10:18 am

CSE.SAS


Global Moderator
http://telearc.com/group_company.html

45PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 10:39 am

Hawk Eye


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
K&M wrote:
npp wrote:PC House Right Issue - Page 3 Pch_co10]

Do these mean that anyone, lenders and suppliers, are not willing to give them credit?

3)They have been working with low amounts of cash.
4)Although revenue is decreasing the gross margin has improved. But the loss of gross profit is hurting the bottom line mainly due to the high finance cost, which is now more than 10% of the revenue.

I feel if the new money is used to pay off some debt, they might have a chance to turn around. Provided the WC is adequate and the business is managed efficiently. The management, well, ... up to them.

Another thing is if these inventory is actually worth this much? or is it just obsolete stock being carried forward? And are all these receivables recoverable?

Appreciate your analysis on PCH, even i feel that this working capital requirement is to payoff its debt referring to your 3rd point the amount of cash held is not enough to meet that demand.

PCH most probably has supplied there goods to some government projects/loss making entities, this can be one reason why PCH is stuck with a Hugh chunk of receivables once they receive some portion of it they will have the chance of moving forward with more capital in hand.

Tech Firms needs to be innovative, its the most rapidly changing sector, you need to have the latest technological products to cater to customers requirements and customers now days go for the latest products. My feeling is PCH does not have enough cash for this shift. High level of worthless, out of the date inventory levels and high level trade receivables leaves PCH with less cash to expand. Since these inventory might have been held for a very long period suppliers might be refusing to supply more untill the credit is paid off.

So lets hope that this right issue will help the company to walk again, this can be a very good lesson to be learnt.









Last edited by Hawk Eye on Thu Mar 28, 2013 10:53 am; edited 1 time in total

46PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 10:50 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
NPP.
Something which I typed has gone in to your comments. Sorry for that

Dont forget the new Compnies that PCH has under its wing without disclosed. BIECO carbon, New fashion retail business and more investments he had blindly made in the hope of taking to public. If these are the amount shown as receivables,then its not going to make them walk but paralyse.

47PC House Right Issue - Page 3 Empty Re: PC House Right Issue Thu Mar 28, 2013 6:41 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@CSE.SAS wrote:http://dynarisholdings.com/

Seems the guy has plans to make equity out of thin air.

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