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Moolah
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Posting #31: Fri Nov 2nd, 2007 03:17 |
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| Scroll up... you missed that one posting.
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random
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Posting #32: Fri Nov 2nd, 2007 03:22 |
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| Oh.. I see.. you are simply too fast for me.. :p
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Moolah
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Posting #33: Fri Nov 2nd, 2007 03:31 |
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Ultraman,
Yes, I'm aware of the placements. It was necessary for Green Packet to have a cash hoard in place in anticipation of the Wimax roll-out and its other expansion plans. Shares were diluted; but i believe it had been countered by the recent share consolidation. The placements are equivalent to roughly 11% of the current outstanding shares.
I believe you have misunderstood me. I am not talking about dilutions here.
My point was... on the impact of the dilution on the balance sheet.
Anyway, i think u missed my posting... let me repeat it here...
The following picture is done by Vista snipping tool and loaded into a site like flikcr.
As you can see, fy 2006 cash balances was boosted some 272.5 million. The last year, it was boosted by some 39.634 million.
Which is about some 311 million or change.
Now from fy 2005 to its current half year, GPacket has earned some 110 million in total ( 31 + 56 + 230)
It's lates quartely earnings: Quarterly rpt on consolidated results for the financial period ended 30/6/2007
Cash balances only totals some 254 million or so.
Ok, some bonus was paid... but... u get the feeling right away that cash flow is not really that healthy.
Yes... there is tons of cash in GPacket's piggy bank... but i do get the shrinking feeling.
ps.... the earlier posting was an extreme fast posting.. based on a fast look-see... hence i believe you need to dig deeper to see what i am saying is correct or not... i could be making some simple poor assumptions, ok?
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ultraman_taro
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Posting #34: Fri Nov 2nd, 2007 04:02 |
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Moolah,
I can point out how some of the money are spent. There were acquisitions (16M), and then there's the 22M paid out as dividend. 20M were used to pay off debts. All seems legit to me.
Still; as a shareholder now, i would like to see the dough put to better use instead of just sitting there earning paltry interest!
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Moolah
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Posting #35: Fri Nov 2nd, 2007 04:10 |
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Ultraman,
Like I said, i did no total analysis on the cash flow, ok? It's an extremely fast look see.
Now consider... you pointed out some 58m in spending. Cash generated from placements was already some 311 million in change. And reported net earnings is some 110 million during this period. And end balance of 254 million or so.... doesn't seem rather healthy, yes?
(please do dig deeper. it's all very shallow talk now from me)
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Moolah
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Posting #36: Fri Nov 2nd, 2007 04:14 |
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Ultraman,
btw... this simple exercise is to determine the issue of how healthy GPacket's balance sheet is.
Having all the cash is extremely wonderful... but the shareholder still need to see real cash generated from its operations. Right?
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ultraman_taro
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Posting #37: Fri Nov 2nd, 2007 04:25 |
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| hmm, if you want to add up earnings from the past couple of years, you would have to list out how much they pay for the stuffs that i mentioned for that period. The 58m that i pointed out was for Q2 2007.
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Moolah
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Posting #38: Fri Nov 2nd, 2007 04:32 |
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Hmmm ..... those figures were from fy 07? Did not know that and anyway i based my comments based on your figures.
Anyway... i believe you understand what I am saying here. However, if you do not reckon that this is an issue that needs further investigation, then do pardon me.
Cheers
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ultraman_taro
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Posting #39: Fri Nov 2nd, 2007 04:37 |
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| no no, don't get the wrong impression Moolah...i'm happy that you pointed out certain items...It helps me understand which areas are of concern and further look into it.
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random
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Posting #40: Fri Nov 2nd, 2007 04:37 |
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 Moo I just noticed your avatar.. Whatever happened the to little muscular piggy??
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