Monday, May 24, 2010

Lion Forest Earnings

Earnings time yet again. I opened Lion Forest earnings announcement. I wrote on it before. Some Comments On Lion Forest

It said it made some 18.969 million.

My first thing, look at the balance sheet. Sadly I did not have much to read.




Amount owing by associates = 246.763 million!!!!!!!!!

Since when Lion Forest became a bank and started lending money???

My oh my.... such a practice is still allowed???

Sigh.



2 comments:

Alvin said...

Good day Ze Moola,

Have you done any analysis on JCY, any clue on JCY ?

Moolah said...

Alvin,

Sorry I have yet to take my time to read up on JCY. It's too early days for me.