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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Skil Ports & Lg | LSE:SPL | London | Ordinary Share | GG00B53M7D91 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.25 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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06/10/2016 13:38 | lefrene You are projecting your experience of one accountancy practice to all accountants. Your accountants sound like a bunch of cowboys. I had experience of a cowboy builder once, but I don`t say that all builders are cowboys. | tyranosaurus | |
06/10/2016 11:30 | hpcg, thank you for your well intentioned tuition. I once built up a company (200 employees) and sold it. An interesting experience, but I was always fascinated that the gibberish the accountants produced bore no relationship to the real world actuality of the business. Luckily it was myself running the business and not them, as their suggestions on how to 'improve' things showed a complete lack of connection with the real world. The person I sold the business to, took the advice of the same firm of accountants and went bust in less than six months! In discussions with the accountants they told me that they could make things look anyway that might suit my purpose. ie, enhance profit or if preferred make it look like the company was running at a loss. So I let them do their thing to keep HM Gov satisfied, and I did my thing by keeping real figures so that I knew if there was more money going out than coming in each week. With a basic computer and excel it's very simple, if a bit time consuming. My figures were an actual reality, the accountants figures were whatever they wanted them to be, which is what we have at SPL and probably every listed company on the market. If this lot stopped throwing our money around, got a bit of quayside operational and got in some cheap cranes mounted on barges, they could soon be taking money through the place and perhaps have something worth at least £20 million as opposed to the £4 million they have driven it down to. | lefrene | |
05/10/2016 21:13 | Oh dear. Chuckle chuckle. | yasx | |
05/10/2016 16:10 | lefrene - lie / truth: fact / fiction. Truth and fact are not the same thing. Asset values are an opinion. That opinion is only solidified when an asset is sold or otherwise disposed of. Assets can fetch a greater value than book, or a lesser value than book. One branch of value investing relies on the premise that assets can have accounting value less than their realisable value. Work in progress is capitalised up the the proportion of inputs. A half built house, as defined by input costs, would almost certainly sell for less than the value of the work in progress, whilst a fully built house will sell for considerably more than the full cost of the inputs. If this wasn't the accounting treatment then businesses would get no credit for work in progress or inventory. A real life example will probably help here: | hpcg | |
05/10/2016 14:32 | Morale of the story is insiders run & own the company...wider shareholders are just a side kick extras in the background....just like in the movies!!... | diku | |
05/10/2016 14:28 | Sure would like to know what if anything is going on in the background. It's either a massive value play or as the market suggests only worth £4m | waterloo01 | |
05/10/2016 14:25 | "the accounts don't lie, but nor are they a statement of fact". If anyone asks me for an example of an oxymoron I shall remember that one, thank you hpcg. The accounts are in the real world a lie, but for the sake of squaring things up on paper, we will pretend they are true? There is a heck of a gap between £66 million and current market value of £4 million. The real answer lies of course somewhere in the middle, actual value will be defined by the level of business that should pass through the port. But it looks ever more likely that this value will accrue to insiders as share holders get screwed. | lefrene | |
05/10/2016 13:40 | lefrene - all the work done so far will be considered an asset. Most costs will have been capitalised into that. The accounts don't lie, but nor are they a statement of fact. Nothing has intrinsic value, only the value that someone else is prepared to pay. | hpcg | |
05/10/2016 10:58 | phowdo....yes not only that...I am wondering that Gandhi himself is probably not able to stump up the fund raising money hence creating doubt with an outside investor... | diku | |
05/10/2016 10:57 | Are we going to see friends of Lord Flight offer £10 million for the whole thing? We have a company where the accounts claim over £66million in assets (do accountants lie) and yet here it is at below £4million in the market. Feels like a game is being played out, a major asset is going to be taken out for a song. | lefrene | |
05/10/2016 10:52 | The common sense option is to reduce the proposed Port to the size of funds available and get it operational,includin The fact they have not done that, ands continue to shift dirt (hardly rocket science is it) opens up more long term concerns and possible agendas imo | pj 1 | |
05/10/2016 10:47 | People going to be regretting not taking the very attractive 10p which was on the table for a while. | hpcg | |
05/10/2016 10:31 | Anyone putting serious money in here will want to ensure Gandhi's holdings are diluted to virtually worthless. | phowdo | |
05/10/2016 10:16 | I'm going for 5p fundraising, how else can they flip such size ?? | hatey | |
05/10/2016 10:02 | Its milk time!... | diku | |
05/10/2016 10:01 | Must be a free study period at School...... | pj 1 | |
05/10/2016 09:55 | 5p?....all those who bought around 10p will start bailing out creating another fall whilst no news... | diku | |
05/10/2016 09:55 | Anyone know if the piling has started.Hahhhahahlol | my retirement fund | |
05/10/2016 09:20 | Have they shifted the muck yet?... | diku | |
03/10/2016 13:24 | Yes 15th June, so more than three months ago, possibly taken 4 months ago, perhaps they are reluctant to put up another one to reveal progress? They need to put together an expected level of future business plan, not only will they have the port but they should also be able to make money on the road haulage side of things. In the meantime it would be interesting to know the economic costs of trucks crawling back and forth through Mumbai to pick up and drop off boxes. What is the prospect of a barge service running trucks to and fro across to the other terminals? | lefrene | |
30/9/2016 14:56 | Looking at that video turn it into a holiday resort.. | diku | |
30/9/2016 14:50 | It's from June I think. | waterloo01 | |
30/9/2016 14:23 | SKIL Ports & Logistics Ltd. (SPL) Karanja Site Works 30th September 2016 | lastdrop |
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