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Lion Diversified

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Moolah
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Posting #31: Sun Sep 21st, 2008 06:48

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Moolah wrote: Goodluck,

You wrote the following.

I check with their FR 2007 (pdf) (pg 110) , total borrowing shld be 771,302,000. While they got cash of 1,774,573,000 (pg 108) on 2007. I was confuse about the figure u posted comparing to the report i downloaded from http://www.klse.com.my

First thing first.

I ALWAYS try to lay my hands on the latest report.

For LionD, let's look at the very latest Quarterly earnings report made on 26th Feb 2008. Quarterly rpt on consolidated results for the financial period ended 31/12/2007

If you open that link, there's an attached excel file.

1. How much cash balance do you see?

2. What's their total debts?

rgds

Wong,

I have some time now. Here is the link to LionD latest quarterly earnings.

Quarterly rpt on consolidated results for the financial period ended 30/6/2008

If I run this same exercise as mentioned back in May 2008..

1. Cash balances is now 215.439 million. (lots of money)

2. Total debts is now 864.774 million (lots of debts too! )

Compare this to the earnings report in Feb 2008. Quarterly rpt on consolidated results for the financial period ended 31/12/2007

1. Cash balances was 316.972 million. (less money yes? In a period of 6 months, LionD cash shrunk by 316.972 - 215.439 = 101.533 million)

2. Total debts was 447.787 million. ( Debts exploded by 864.774 - 447.787 = 416.987 million!!!!!! )

WOW! Cash shrunk by 101.533 million. Debts exploded by 416.987 million.

So Wong, if you use a simple yardstick comparing what LionD had in its cash balances and what LionD owes now, how would you rate how LionD is doing now?

Now you look at the share price.

Don't you think it is justifiable that LionD shares has plunged so much?

just a second opinion ok?

and if you still think LionD has some sort of 'fundamentals'.. well... go ahead. the final decision is yours. ok?

rgds

wongsengkeong
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Posting #32: Mon Sep 22nd, 2008 14:31

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thank you for you help.

Moolah
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Posting #33: Tue Nov 18th, 2008 10:43

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And suddenly LionD got plenty of earnings.

http://whereiszemoola.blogspot.com/2008/11/lion-diversified-has-now-got-much-more.html

   Lion Diversified Holdings Bhd (2887.KU) - Malaysia
   1st quarter ended Sep. 30:
   Figures are in Ringgit (MYR).

                                 2008               2007
Revenue                   444,860,000      1,358,970,000
Pretax Profit              65,365,000        103,399,000
Net Profit                 63,094,000         42,381,000
Earnings Per Share           8.56 Sen           5.75 Sen
Dividend                      Omitted            Omitted

random
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Posting #34: Wed Nov 19th, 2008 00:09

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Is it legal for LionD to do this? Suddenly lump some earnings from steel and show a profit?

:wtf:

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