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Sri Lanka Equity Forum » Stock Market Talk » EAST -bullxxxx

EAST -bullxxxx

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1EAST -bullxxxx Empty EAST -bullxxxx on Fri Sep 16, 2011 9:26 pm

Rock


Equity Analytic
Equity Analytic
Guys - did anyone notice the accounts of EAST? they made an announcement on 27 March 2011 saying they made a revaluation gain of 694Mn. But the accounts have only 29Mn? where is the balance?? i wonder who are the sooo called manipulators Very Happy Twisted Evil Twisted Evil Twisted Evil

2EAST -bullxxxx Empty Re: EAST -bullxxxx on Fri Sep 16, 2011 10:20 pm

windi5

windi5
Moderator
Moderator
@Rock wrote:Guys - did anyone notice the accounts of EAST? they made an announcement on 27 March 2011 saying they made a revaluation gain of 694Mn. But the accounts have only 29Mn? where is the balance?? i wonder who are the sooo called manipulators Very Happy Twisted Evil Twisted Evil Twisted Evil

Who else other than brokers. Very Happy

3EAST -bullxxxx Empty Re: EAST -bullxxxx on Sat Sep 17, 2011 12:28 am

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
Read Note No. 10 in Audited Accounts

* Leasehold land has been revalued in March 2011 by the same independent valuer at Rs. 691,246,013/-. The revalued amount has not been incorporated to the books of accounts in accordance with revised Sri Lanka Accounting Standard No. 19, Leases.

4EAST -bullxxxx Empty Re: EAST -bullxxxx on Sat Sep 17, 2011 9:45 am

gajaman pro


Manager - Equity Analytics
Manager - Equity Analytics
East ready for a second run i suppose. by any means does anyone know about the crossing of 7.8 million shares @ 35. who in the hell bought a such a lot of shares and what intention?

5EAST -bullxxxx Empty Re: EAST -bullxxxx on Sat Sep 17, 2011 11:29 am

Rock


Equity Analytic
Equity Analytic
well there is no such thing called revised slas for leases. the last accounting standards were revised in 2006! so from then onwards you cant revalue leasehold property!!!! this is utter rubbish!

they should be fined for misleading public! where is Harsha? Very Happy

6EAST -bullxxxx Empty Re: EAST -bullxxxx on Sat Sep 17, 2011 11:46 am

gajaman pro


Manager - Equity Analytics
Manager - Equity Analytics
@Rock wrote:well there is no such thing called revised slas for leases. the last accounting standards were revised in 2006! so from then onwards you cant revalue leasehold property!!!! this is utter rubbish!

they should be fined for misleading public! where is Harsha? Very Happy

I heared that these guys had collected a lot of funds through rights issues early this year.

7EAST -bullxxxx Empty Re: EAST -bullxxxx on Sat Sep 17, 2011 6:55 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
Yes 4 for 1 @ 10/-

8EAST -bullxxxx Empty Re: EAST -bullxxxx on Sun Sep 18, 2011 2:24 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Some companies practice assets to be listed as @ market value while others put them at cost.. EAST seems to be practicing the latter..

Apparently EAST has an investment portfolio as well.. The market value of the portfolio has been taken to balance sheet as at 31-03-11 but the real value may may be different from it now Wink

9EAST -bullxxxx Empty Re: EAST -bullxxxx on Sun Sep 18, 2011 10:17 pm

Rock


Equity Analytic
Equity Analytic
well seem u guys dont understand accounting! good luck!

10EAST -bullxxxx Empty Re: EAST -bullxxxx on Mon Sep 19, 2011 8:28 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Rock wrote:well seem u guys dont understand accounting! good luck!

True enuf.. We're not financial experts..

Actually I've been trying to realise what's cooking with EAST lately..

Since u seem to have a sound knowledge could you pls enlighten all of us?

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