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hi, let's see if $1.20 support will hold???
If i am right, don't praise me,
If i am wrong, don't blame me.
I am just sharing what i think.
http://millionaire-investors.blogspot.sg/
cheers,
jason.
Justin, thks for sharing...read n learnt something too...i graduated fr Uni of BTC (bo tak chet) :)  x 0
 x 0 | Thanks Justin :)
JustinQuek ( Date: 11-Aug-2012 00:15) Posted:
Yes
It can be said so .
Lets say you have like 100 m that you can collect but you think you can probably only collect 50 M easily. So depends on how strict you want your 100 M acct receivable to be . You decided to use a more conservative estimate and reduce it to 50 M and hence impairment of 50 M .But then your total Acct receivable still remains the same means people still owe you the 100 M
That said you kinda increase losses due to expense of impairment.
Only with Little or no likelihood of collecting back the debt then its called bad debt write off. Which in this case there is none
TradeChancellor ( Date: 10-Aug-2012 23:40) Posted:
Thanks for the detailed analysis Justin.
A question on accounting, paiseh, i didnt study any accounting: " Impairment of accounts receivable" as you mentioned, does it mean payment did not get collected within this quarter, but may be collected next quarter, hence its reversible |
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Thanks Justin :)
JustinQuek ( Date: 11-Aug-2012 00:15) Posted:
Yes
It can be said so .
Lets say you have like 100 m that you can collect but you think you can probably only collect 50 M easily. So depends on how strict you want your 100 M acct receivable to be . You decided to use a more conservative estimate and reduce it to 50 M and hence impairment of 50 M .But then your total Acct receivable still remains the same means people still owe you the 100 M
That said you kinda increase losses due to expense of impairment.
Only with Little or no likelihood of collecting back the debt then its called bad debt write off. Which in this case there is none
TradeChancellor ( Date: 10-Aug-2012 23:40) Posted:
Thanks for the detailed analysis Justin.
A question on accounting, paiseh, i didnt study any accounting: " Impairment of accounts receivable" as you mentioned, does it mean payment did not get collected within this quarter, but may be collected next quarter, hence its reversible |
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Sifu is right... there's this thing called intuition... or inner guide...
Or simply gut feel. But 'gut feel' must be unconscious, though.
Like when one makes a mistake and later realises it is a good move... lol...
warrenbegger ( Date: 10-Aug-2012 23:22) Posted:
What i means is, lucky i jump to a better ship that px move more than this.
Sometimes jump around need lucks. Maybe i still lucky a bit :)
JustinQuek ( Date: 10-Aug-2012 23:16) Posted:
| Why results are not bad.Will rise further on Monday |
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EST. Monday TP will be $1.31 to $1.33. Just my view!
I also know nuts about accounting.
All I know is that the president in charge of high stake gambling is required by CRA to quit her position by end of this month.
This lady president is very well connected with Asian & China high-rollers/whales and since opening she was responsible for the casino's high stake gambling.
Also huge bad debts can't be collected and may have to be written off.
JustinQuek ( Date: 11-Aug-2012 00:15) Posted:
Yes
It can be said so .
Lets say you have like 100 m that you can collect but you think you can probably only collect 50 M easily. So depends on how strict you want your 100 M acct receivable to be . You decided to use a more conservative estimate and reduce it to 50 M and hence impairment of 50 M .But then your total Acct receivable still remains the same means people still owe you the 100 M
That said you kinda increase losses due to expense of impairment.
Only with Little or no likelihood of collecting back the debt then its called bad debt write off. Which in this case there is none
TradeChancellor ( Date: 10-Aug-2012 23:40) Posted:
Thanks for the detailed analysis Justin.
A question on accounting, paiseh, i didnt study any accounting: " Impairment of accounts receivable" as you mentioned, does it mean payment did not get collected within this quarter, but may be collected next quarter, hence its reversible |
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Yes
It can be said so .
Lets say you have like 100 m that you can collect but you think you can probably only collect 50 M easily. So depends on how strict you want your 100 M acct receivable to be . You decided to use a more conservative estimate and reduce it to 50 M and hence impairment of 50 M .But then your total Acct receivable still remains the same means people still owe you the 100 M
That said you kinda increase losses due to expense of impairment.
Only with Little or no likelihood of collecting back the debt then its called bad debt write off. Which in this case there is none
TradeChancellor ( Date: 10-Aug-2012 23:40) Posted:
Thanks for the detailed analysis Justin.
A question on accounting, paiseh, i didnt study any accounting: " Impairment of accounts receivable" as you mentioned, does it mean payment did not get collected within this quarter, but may be collected next quarter, hence its reversible?
JustinQuek ( Date: 10-Aug-2012 23:29) Posted:
Actually if you see more detail
Revenue From casino didnt really drop so much as what other people expect it to be.Though drop is 4 % of casino revenue. share price has tumbled from last year highs of 2.20 to 1.28 now.
The profit is bad due to rather 2 reasons impairment of Accts Receivable as well as Depreciation . This is because of its newly buiilt stuff which also further increases adminstrative costs.
No Bad Debts was written off ,Hence lets say Accts Receivable is able to be collected back in the long run . Impairment loss will be reverse to make greater further profits in the subsequent periods
Depreciation expense has made results much worst but then it shouldn't be taken into account as overall poor performance.
The newly attractions will also improve revenue next quarter.
At 1.28 and looks profitable in the long run regardless. Its still a good buy. |
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Thanks for the detailed analysis Justin.
A question on accounting, paiseh, i didnt study any accounting: " Impairment of accounts receivable" as you mentioned, does it mean payment did not get collected within this quarter, but may be collected next quarter, hence its reversible?
JustinQuek ( Date: 10-Aug-2012 23:29) Posted:
Actually if you see more detail
Revenue From casino didnt really drop so much as what other people expect it to be.Though drop is 4 % of casino revenue. share price has tumbled from last year highs of 2.20 to 1.28 now.
The profit is bad due to rather 2 reasons impairment of Accts Receivable as well as Depreciation . This is because of its newly buiilt stuff which also further increases adminstrative costs.
No Bad Debts was written off ,Hence lets say Accts Receivable is able to be collected back in the long run . Impairment loss will be reverse to make greater further profits in the subsequent periods
Depreciation expense has made results much worst but then it shouldn't be taken into account as overall poor performance.
The newly attractions will also improve revenue next quarter.
At 1.28 and looks profitable in the long run regardless. Its still a good buy.
TradeChancellor ( Date: 10-Aug-2012 23:19) Posted:
| genting as of today look a little bearish + the " not so nice" results, i wouldn't buy it on monday |
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Actually if you see more detail
Revenue From casino didnt really drop so much as what other people expect it to be.Though drop is 4 % of casino revenue. share price has tumbled from last year highs of 2.20 to 1.28 now.
The profit is bad due to rather 2 reasons impairment of Accts Receivable as well as Depreciation . This is because of its newly buiilt stuff which also further increases adminstrative costs.
No Bad Debts was written off ,Hence lets say Accts Receivable is able to be collected back in the long run . Impairment loss will be reverse to make greater further profits in the subsequent periods
Depreciation expense has made results much worst but then it shouldn't be taken into account as overall poor performance.
The newly attractions will also improve revenue next quarter.
At 1.28 and looks profitable in the long run regardless. Its still a good buy.
TradeChancellor ( Date: 10-Aug-2012 23:19) Posted:
| genting as of today look a little bearish + the " not so nice" results, i wouldn't buy it on monday |
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What i means is, lucky i jump to a better ship that px move more than this.
Sometimes jump around need lucks. Maybe i still lucky a bit :)JustinQuek ( Date: 10-Aug-2012 23:16) Posted:
Why results are not bad.Will rise further on Monday.
warrenbegger ( Date: 10-Aug-2012 23:00) Posted:
| Lucky i jump to the other right ship :) |
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genting as of today look a little bearish + the " not so nice" results, i wouldn't buy it on monday
Why results are not bad.Will rise further on Monday.
warrenbegger ( Date: 10-Aug-2012 23:00) Posted:
| Lucky i jump to the other right ship :) |
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Lucky i jump to the other right ship :)
Result out liao..gd luck to those still holding..keke
Every single moment in the time continuum of the stock market is a moment of uncertainty.
Yes, our duty is just to betand wait for the outcome, regardless of time-frame.
Our bets can last one day, one week, month, or even years.
The duration of the bet does not change the fact that they are still bets...
Flyordie ( Date: 10-Aug-2012 01:51) Posted:
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Let market decide.
No way with ongoing problems.
JustinQuek ( Date: 09-Aug-2012 20:34) Posted:
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Lets wait for some accumulation at $1.28 ... got chance it might drop tomorrow too...this counter have to be nimble
