tag:blogger.com,1999:blog-17708300.post114113583888196820..comments2023-10-25T21:25:46.183+08:00Comments on Where is Ze Moola: Move Over Who?: Part VIIIUnknownnoreply@blogger.comBlogger10125tag:blogger.com,1999:blog-17708300.post-1148690003894846242006-05-27T08:33:00.000+08:002006-05-27T08:33:00.000+08:00Anon,I am reposting your other message here.------...Anon,<BR/><BR/>I am reposting your other message here.<BR/><BR/>-----------------------------<BR/><BR/><BR/>Hi Moola<BR/><BR/>I like your mumblings and your apparent objectivity.<BR/><BR/>However, I am puzzled why you did not mention that Karensoft reported a Q1/2006 profit ?<BR/><BR/>I downloaded the Q1/2006 and the 2005 accounts and running through the GN3 Guidelines, I cannot understand why Karensoft was clasified as a GN 3 company as they pass all the tests as a Group and should not be classified GN 3.<BR/><BR/>The only thing that could hit them would be 2.1 (b) & (c) where the accounts of the listed company alone are considered. I noticed that there was an impairment loss of about 9 Million charged to the P/L of the holding company and not the group. As far as I know, FRS 136 on Impairment of Investments should only be efffective 1/1/06<BR/><BR/>Could it be that Karensoft has been penalsied for early compliance with FRS 136 ?Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1148684653974032042006-05-27T07:04:00.000+08:002006-05-27T07:04:00.000+08:00Hi MoolaI just downloaded the Q1/2006 report and n...Hi Moola<BR/><BR/><BR/>I just downloaded the Q1/2006 report and noted that Karensoft had actually reported a Q1/2006 profit. Perhaps their strategy of focussing on ERP4Auto is paying off ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141259032263929732006-03-02T08:23:00.000+08:002006-03-02T08:23:00.000+08:00hhc,This one I am sure you know very well that I b...hhc,<BR/><BR/>This one I am sure you know very well that I belive very much that the analyst should bare responsibility because I am sure you know very well that some of these buggers write in a certain manner for a reason.<BR/><BR/>Look at that newsreporter. Do you think it is right that he writes the way he writes?<BR/><BR/>:PMoolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141256792964707822006-03-02T07:46:00.000+08:002006-03-02T07:46:00.000+08:00nm,True, at the end of the day, the reader cum buy...nm,<BR/><BR/>True, at the end of the day, the reader cum buyer is the one who foots the bill.<BR/><BR/>Not K&N or the analyst.<BR/><BR/>Bottomline:<BR/><BR/>Do your homework! Or read more Nomore Blog :)hhc1977https://www.blogger.com/profile/14468810294358062402noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141210180882775902006-03-01T18:49:00.000+08:002006-03-01T18:49:00.000+08:00hhc,"Past performance doesn't guarantee future ret...hhc,<BR/><BR/>"Past performance doesn't guarantee future return"<BR/><BR/>"Reader is advised to seek their professional advise from broker/adviser before making investment. This report is only FYI".<BR/><BR/>==> Ah... but who was the professional giving the advice here? <BR/><BR/>If I was a client of K&N, who then should I ask? <BR/><BR/>"Legally, K&N doesn't break the law." <BR/><BR/>==> Of course they did not...<BR/><BR/>but.. let me say it again... at that moment of time... when K&N introduced the stock... the ExecSuite was just a prospect, will it deliver or not is one issue... but without it.... Karensoft was rather poor. It's current net earnings was only 164k and its ytd net profit was of 0.98 million. That was the known fact!<BR/><BR/>And..if one look at the table posted in that report, K&N actually estimated a total net profit of 0.8 million for Fy 2004 for Karensoft (see the column under 04e). And at 0.96, K&N were recommending Karensoft based on a pe multiple of 81x!<BR/><BR/>Now of course such recommendations are legal... sure is... and... lol... i guess it serves all the losers who bought the stock as per K&N recommendation for being silly enough to follow the so-called professional advice fronm a professional broker!<BR/><BR/>:)Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141207066650477152006-03-01T17:57:00.000+08:002006-03-01T17:57:00.000+08:00nm,Famous quote:"Past performance doesn't guarante...nm,<BR/><BR/>Famous quote:<BR/><BR/>"Past performance doesn't guarantee future return"<BR/><BR/>"Reader is advised to seek their professional advise from broker/adviser before making investment. This report is only FYI".<BR/><BR/>Legally, K&N doesn't break the law. Those fellows who dont use money management, they have to see their net worth being destroyed.....hhc1977https://www.blogger.com/profile/14468810294358062402noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141190351152816632006-03-01T13:19:00.000+08:002006-03-01T13:19:00.000+08:00Bursa,Give them a chance??Consider this.. If i had...Bursa,<BR/><BR/>Give them a chance?<BR/><BR/>?<BR/><BR/>Consider this.. If i had purchased Karensoft way back in 2004, as per Kenanga recommendation, at around 90 sen... today... right now... who do you think will give me a chance?Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141189183965848242006-03-01T12:59:00.000+08:002006-03-01T12:59:00.000+08:00Give them a chance ?Give them a chance ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141188049968292512006-03-01T12:40:00.000+08:002006-03-01T12:40:00.000+08:00hhc,At its peak of around 96 sen, Karensoft had a ...hhc,<BR/><BR/>At its peak of around 96 sen, Karensoft had a market capital of around 65.8 million!!!!<BR/><BR/>now? at 9.5 sen? It's market value has shrunk to 10.9 million.<BR/><BR/>Ahem.... isn't this one perfect example of market value destruction?<BR/><BR/>Question that begs to be asked is how did such a poor company got listed?Moolahhttps://www.blogger.com/profile/16837745401820976707noreply@blogger.comtag:blogger.com,1999:blog-17708300.post-1141187622707420482006-03-01T12:33:00.000+08:002006-03-01T12:33:00.000+08:00nm,it's really amazing to see Karentsoft directors...nm,<BR/><BR/>it's really amazing to see Karentsoft directors/promoters trying desperately to market thei company share rather than their product.<BR/><BR/>FYI, the price now is only less than RM0.1. Would it be PN4 soon?? I bet it will in this year or two....hhc1977https://www.blogger.com/profile/14468810294358062402noreply@blogger.com