NewKid

Blog/Website:NewKid @ tradeSignum
Gender:Male
Investment Knowledge: Extensive
Intrested in: Technical & Fundamental analysis

Prediction

Correct Prediction: 14
Total % Change: 298.24 %
Predicted: 20
NewKid is a member since 11-Jan-2011.

Badges Earned

1 - 4 of 4

[ESCERAM] ESCERAM - A HIDDEN GEM

I'm flattered. Thanks for the compliment.
2-Aug-2011 5:02 PM

[ESCERAM] ESCERAM - A HIDDEN GEM

Thanks BI. My 2 prediction is far fetched from your 33. lol
2-Aug-2011 4:47 PM

[ESCERAM] ESCERAM - A HIDDEN GEM

Well... you should know it better buying Ace counters either make you or break you. It's just like buying 4-digit, either you lose your capital or you win many folds. (Digista is one of the successful story) Creative accounting is very common in Ace counters. You just need to be careful with the red flags. Esceram's sales for FY2010 was 25m. Total loan for FY2010 was 28m. (FY2011 Revenue and total debt is 20m and 21m respectively). Unless the revenue can grow at a fast rate, else there is no way the company can serve the loan. All the profits will be eaten by the finance charges. You are an accountant right? I am sure you know very well the financial health of this counter especially its slow receivable turnover. I salute you to say management will find a way to push up the price and get shareholders to exercise the warrants and pump in money into the company. It's good to have faith in the company. The management needs more shareholders like you.
2-Aug-2011 4:29 PM

[ESCERAM] ESCERAM - A HIDDEN GEM

You have missed out an important point. Company's total loan is 25m, of which 19m is due within the next 5 years. 2010 profit only 2m. Annual loan interest is roughly 1.9m. Hope the company can repay the loan due. Good luck.
24-Jun-2011 3:49 PM
1 - 4 of 4
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