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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » CSD-FINANCE COST

CSD-FINANCE COST

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1CSD-FINANCE COST Empty CSD-FINANCE COST Mon Sep 12, 2011 8:26 am

Hiru


Manager - Equity Analytics
Manager - Equity Analytics
Do you have any idea as to why finance cost has been added to the profit in the last quarter financials?

2CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 9:30 am

cse.profit

cse.profit
Senior Equity Analytic
Senior Equity Analytic
@hiru - If you go through the following post you might get an idea of what is happening with CSD.

http://forum.srilankaequity.com/t6586-csd-massively-undervalued

Since you are doubtful would like to clear your doubts here it self. they got a rights money infusion and and from the additional money they are holding after clearing the massive debts , they would have re invested or given to some one as a finance loan and hence would have earned interest on behalf of that. so the finance cost is a plus figure which shows about the strong liquid cash status of the company. This is what i feel what has happened. I may be completely wrong. Ask for expert opinion before getting any decision rather than using my analysis.

3CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 10:54 am

Hiru


Manager - Equity Analytics
Manager - Equity Analytics
@cse.profit wrote:@hiru - If you go through the following post you might get an idea of what is happening with CSD.

http://forum.srilankaequity.com/t6586-csd-massively-undervalued

Since you are doubtful would like to clear your doubts here it self. they got a rights money infusion and and from the additional money they are holding after clearing the massive debts , they would have re invested or given to some one as a finance loan and hence would have earned interest on behalf of that. so the finance cost is a plus figure which shows about the strong liquid cash status of the company. This is what i feel what has happened. I may be completely wrong. Ask for expert opinion before getting any decision rather than using my analysis.

As you stated they have settled significant part of short term loan out of the proceeds of Right Issue.

However, if it was a earning of interest using right proceeds until debt is settled;

* shouldn't it be revealed
* shouldn't it be reported as other income rather than sett of against the finance cost and record as an addition to the profit.

4CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 11:06 am

cse.profit

cse.profit
Senior Equity Analytic
Senior Equity Analytic
yes what you say has a point. so it can be either that or a reconciliation . this is my imagination only and just probable guesses of what has happened. Just think if they had estimated that due to the huge amount of debt they holding that they have to incur this much of finance cost. since the rights issue has given them money to set off debt before the debt settlement period after settling the debt their would have been a difference between the actual debt and interest paid and estimated. so the reconciliation might be a positive figure. Just guessing possible scenario's. By the way i did not prepare the CSD financial statements.

5CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 11:55 am

Hiru


Manager - Equity Analytics
Manager - Equity Analytics
[quote="cse.profit"]yes what you say has a point. so it can be either that or a reconciliation . this is my imagination only and just probable guesses of what has happened. Just think if they had estimated that due to the huge amount of debt they holding that they have to incur this much of finance cost. since the rights issue has given them money to set off debt before the debt settlement period after settling the debt their would have been a difference between the actual debt and interest paid and estimated. so the reconciliation might be a positive figure. Just guessing possible scenario's. By the way i did not prepare the CSD financial statements.[/quo

Please do not waste your time to write these kind of things until you get enough knowledge of financial reporting.

6CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 12:14 pm

cse.profit

cse.profit
Senior Equity Analytic
Senior Equity Analytic
sure thank you. will not post again in this forum. I just tried to build a good conversation. I am not perfect and seems like i should not mess this forum. THANK YOU for the advice.

7CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 1:36 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cse.profit wrote:sure thank you. will not post again in this forum. I just tried to build a good conversation. I am not perfect and seems like i should not mess this forum. THANK YOU for the advice.

bom

8CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 1:42 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
[quote="Hiru"]
@cse.profit wrote:yes what you say has a point. so it can be either that or a reconciliation . this is my imagination only and just probable guesses of what has happened. Just think if they had estimated that due to the huge amount of debt they holding that they have to incur this much of finance cost. since the rights issue has given them money to set off debt before the debt settlement period after settling the debt their would have been a difference between the actual debt and interest paid and estimated. so the reconciliation might be a positive figure. Just guessing possible scenario's. By the way i did not prepare the CSD financial statements.[/quo

Please do not waste your time to write these kind of things until you get enough knowledge of financial reporting.

Ah.. U gotta be a person with a good financial knowledge.. May be u can elaborate better than anyone.. C'mon we want a good financial view of this company..
Would you do us the honor pls?

9CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 1:45 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@cse.profit wrote:sure thank you. will not post again in this forum. I just tried to build a good conversation. I am not perfect and seems like i should not mess this forum. THANK YOU for the advice.

I think Hiru will present us his findings better than you.. so we have a chance of learning know.. so dont go away just stay back and watch the movie Wink

10CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 1:47 pm

cse.profit

cse.profit
Senior Equity Analytic
Senior Equity Analytic
@smallville - YES you are correct my freind. Lets wait and watch the game. Patience is the name of the game.

@chinwi Very Happy

@my money- brother you cant expect a share to sky rocket within few days. If you think its good wait and if you think its crap sell. Simple as that. belief is more important.

@hunter- I know , but human behavior is too complex , controlling of emotions is very hard. Any way no offense to any one including Hiru...lets have a friendly conversation in the future. I know putha..no worries....



Last edited by cse.profit on Mon Sep 12, 2011 2:05 pm; edited 1 time in total

11CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 1:49 pm

MY MONEY

MY MONEY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
pls some one tel me whis this wht will happn with the CSD

12CSD-FINANCE COST Empty Re: CSD-FINANCE COST Mon Sep 12, 2011 1:53 pm

hunter

hunter
Moderator
Moderator
@cse.profit wrote:@smallville - YES you are correct my freind. Lets wait and watch the game. Patience is the name of the game.

Correct!

But I thought you had better patience and discipline.

(supposed to be a joke. ok) Laughing

13CSD-FINANCE COST Empty Re: CSD-FINANCE COST Sun Sep 18, 2011 9:20 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
So Hiru yet to come with a good analysis of this... Evil or Very Mad

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