Tuesday, November 24, 2009

What Is Mega First Doing?

I had posted some postings on companies dabbling in the share market.

  1. Regarding CSC Steel'sCurrent Earnings And Its Investments In Marketable Securities
  2. Apollo Food's'Investments' In The Share Market
  3. Listed Companies Investments: Yung Kong Galvanised Steel
  4. Maybulk Had 'Investment' Losses Of Over 62 Million!
  5. Why Is Maybulk So Active In the Share Market?
  6. Again On Yung Kong Galvanised Steel's Quoted Investments
  7. A Look At How Apollo Food Holdings Dabble In The Share Market

I was just reading Mega First earnings just now.



I then looked at what the company said in its notes.


WOW! Look at the amount of money Mega First made from the gain of disposal of quoted investments!

I then looked at the cash flow statement.


WOW!

Mega First spend some 258.422 million purchasing 'quoted shares'?????

Holy cow!

And as usual, there is no disclosure on what's happening!

Under section B7 of its notes.



How?

I am lost for words.

Is Mega First Malaysia's super trading or investing company ?????

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