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.


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2 comments:

  1. Nakata12:48 AM

    Good day Ze Moola,

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

    ReplyDelete
  2. Moolah9:24 AM

    Alvin,

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

    ReplyDelete