PCH : Interim financial statements is released

http://www.cse.lk/cmt/upload_report_file/961_1306755300087.pdf

I've a question about their statement. whey did they paid much more tax than last quater? Their revenue of this quater was better than last but when we look at the profit after tax, last quater was better than this.

Pira wrote:http://www.cse.lk/cmt/upload_report_file/961_1306755300087.pdf

I've a question about their statement. whey did they paid much more tax than last quater? Their revenue of this quater was better than last but when we look at the profit after tax, last quater was better than this.

As i knw most of companies need to pay total of many tax end of there financial year i think thts y end of march IRD earns some big $$$$ .....

I hope any finance guy can answer for this

Cheerz

Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linkedIn)

Chabbi wrote:

Pira wrote:http://www.cse.lk/cmt/upload_report_file/961_1306755300087.pdf

I've a question about their statement. whey did they paid much more tax than last quater? Their revenue of this quater was better than last but when we look at the profit after tax, last quater was better than this.

As i knw most of companies need to pay total of many tax end of there financial year i think thts y end of march IRD earns some big $$$$ .....

I hope any finance guy can answer for this

Cheerz

thx

Thats also the same for RICH

tubal wrote:Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linked in)

Confusing

Could u justify this ???

tubal wrote:Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linkedIn)

They might say company will have mega growth after 5 years. So, do not worry about EPS and PE. That's what they said when I post a topic against the artificial rally in investnow.lk.

Monster wrote:

tubal wrote:Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linkedIn)

They might say company will have mega growth after 5 years. So, do not worry about EPS and PE. That's what they said when I post a topic against the artificial rally in investnow.lk.

Ah yeah, remember those good old days when MarketWatch and his desciples browbeat the others over this and chicken. Those were the days. Sigh!



@chabbi, you haven't heard of MarketWatch?

tubal wrote:

Monster wrote:

tubal wrote:Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linkedIn)

They might say company will have mega growth after 5 years. So, do not worry about EPS and PE. That's what they said when I post a topic against the artificial rally in investnow.lk.

Ah yeah, remember those good old days when MarketWatch and his desciples browbeat the others over this and chicken. Those were the days. Sigh!

haha i remember those days.. on that time they equals PCH to future Microsoft of Sri Lanka..

monster you pinpoint their response mate, here is the response of them to our friend innam's post over there..

http://investors.lk/12345/Some+unexpected+news-part+2

monash wrote:

tubal wrote:

Monster wrote:

tubal wrote:Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linkedIn)

They might say company will have mega growth after 5 years. So, do not worry about EPS and PE. That's what they said when I post a topic against the artificial rally in investnow.lk.

Ah yeah, remember those good old days when MarketWatch and his desciples browbeat the others over this and chicken. Those were the days. Sigh!

haha i remember those days.. on that time they equals PCH to future Microsoft of Sri Lanka..

monster you pinpoint their response mate, here is the response of them to our friend innam's post over there..

http://investors.lk/12345/Some+unexpected+news-part+2

Just read the post I made in January and look at the replies,
http://investors.lk/11023/Is++PCH+overvalued%3F

tubal wrote:

Monster wrote:

tubal wrote:Now where is everyone who was saying this is a huge growth company? (they didn't know about LinkedIn at the time otherwise they would have said this was another linkedIn)

They might say company will have mega growth after 5 years. So, do not worry about EPS and PE. That's what they said when I post a topic against the artificial rally in investnow.lk.

Ah yeah, remember those good old days when MarketWatch and his desciples browbeat the others over this and chicken. Those were the days. Sigh!


@chabbi, you haven't heard of MarketWatch?

y not... whn i saw the results in CSE before checking financial stuff directly i went for major holders but Mr. MW has reduced only small portion Tht mean still he Belive the PCH

but my question was ur talking abt LinkedIN i was read some article abt LinkedIN & now i'm planning to apply IPO @ NASDAQ

If you knw abt some things abt NASDAQ pls share with this or put me Pvt msg

Cheerz GUys

as expected some major changes was there in the top 20 list, so i think all can guess who disposed it at 30/=

tubal wrote:Now where is everyone who was saying this is a huge growth company?

Come on Tubal, Think about the future. You only need to wait another 5 years as Monster said below.

Monster wrote:
They might say company will have mega growth after 5 years. So, do not worry about EPS and PE.

Some people think company shares like rare precious metals.

Except OFEQ I cannt remember any other counter is highly illiquid.

PCH Director Sarath Wickramanyake stated the objectives of IPO.
- Expanding the Linkages between partners
- Increase number of outlets
- Invest in BPO/KPO
- Invest in Internet Data centre
- retire Debt of the Company

NDB Investment Bank stated bottom line expected to grow 20% YoY after the IPO.

Looking at the Financials
First of all theres a mistake in the Balance sheet heading where the previous year figure comparison stated as 31st Dec 2009. in page 4

- The IPO money received 630 Mn.
- Investment in Subsdiary has only increased by 10 Mn, Dont know is this all the new subsidiary Invetments
-Long term debt reduced by 169mn and short term borrowings increased by 325 mn. therefore overall borrowings increased
-In the Company and Group Cash flow, Company has spent nearly 722mn worth of money in increasing the Inventory. Almost total of the IPO money

- The net cashflow is in a worst position now than before it was befor the IPO.

It raises doubt that the Company is really utilising the money in right way to achieve its stated objectives !