Malaysian AE Models reported its earnings the other day.
Quarterly rpt on consolidated results for the financial period ended 29/2/2012
This is one stock that I had blogged many times on it before. My last posting was Malaysian AE Models 2Q net profit jumps 70%???
All the issues mentioned in that posting and in all the older postings ( search via label: MaeMode ) worsened!!!
And the most important issue is the amount due within 12 months is 384.489 Million!!!!!
And if you look in the balance sheet, the amount of cash stated in the balance sheet from its latest quarterly earnings had actually weakened to just 15.9 million.
Oh there's a corporate exercise proposed just earlier in March 2012. Of course it was a fund raising exercise. A rights issue. (see MULTIPLE PROPOSALS )
see full details: MAEMODE - PROPOSALS.pdf
Wednesday, May 02, 2012
Quick comments on MaeMode's Latest Earnings
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1 comments:
I wasnt aware of this, until recently salary kept being delayed. forcing the employee to dig up information on the company situation (top management unwilling to disclose information), hence a google on Maemode review and here I am. In shocked, I am.
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