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now, few of them cheer CFLB hidden gem. OK, we turn to topic, actually gem or TRAP?
CFLB last 7 years financial loss making. ( figures 000')
2020 2019 2018 2017 2016 2015 2014
Net profit (3,706,249) (3,164,621) (308,277) (1,078,263) (680,217) (248,487) (275,635)
Reserve 2,188,358 5,181,961 4,779,872 6,539,747 7,358,967 7,717,790 7,477,502
I didn't going to abstract all information. above mentioned figures, you can get idea regarding potentially they going hell. last 7 years almost CFLB lost. revenue reserve declined from 7.4Bn to 2.1Bn. They maintain negative cash flow.
000' 000'
2020 2014
Total Equity 5,958,080 12,818,364
Total debt 23,528,089 12,477,962
compare with 2014 and 2020, CFLB total equity significantly decreased and total debt heavily increased. imagination, after 4 years, CFLB ???? CFLB unable maximize wealth of shareholder and minimize value of shareholder in each year.
now leverage too higher, they facing cash flow issues. last year, June 2020 they made Private placement @Rs.10, 19,663,195 shares, value Rs.196,631,950. purpose settlement small debt. they have to settle huge debt and as well no cash anymore.
very soon next 2 years, it will be bankruptcy. CFLB is not jem. it is trap. be safe..
CFLB last 7 years financial loss making. ( figures 000')
2020 2019 2018 2017 2016 2015 2014
Net profit (3,706,249) (3,164,621) (308,277) (1,078,263) (680,217) (248,487) (275,635)
Reserve 2,188,358 5,181,961 4,779,872 6,539,747 7,358,967 7,717,790 7,477,502
I didn't going to abstract all information. above mentioned figures, you can get idea regarding potentially they going hell. last 7 years almost CFLB lost. revenue reserve declined from 7.4Bn to 2.1Bn. They maintain negative cash flow.
000' 000'
2020 2014
Total Equity 5,958,080 12,818,364
Total debt 23,528,089 12,477,962
compare with 2014 and 2020, CFLB total equity significantly decreased and total debt heavily increased. imagination, after 4 years, CFLB ???? CFLB unable maximize wealth of shareholder and minimize value of shareholder in each year.
now leverage too higher, they facing cash flow issues. last year, June 2020 they made Private placement @Rs.10, 19,663,195 shares, value Rs.196,631,950. purpose settlement small debt. they have to settle huge debt and as well no cash anymore.
very soon next 2 years, it will be bankruptcy. CFLB is not jem. it is trap. be safe..
here people try to exit at higher price level, director also times times exit from CFLB.
