Friday 20 November 2015

Questionable Notion Vtec

First, the missing negative sign in the results summary page makes a huge difference.

It actually incurred a loss in 4QFY15!!

But, the misguidance by the management is actually more worrying. In the immediate preceding quarter, the company commented:

Bulk of the unfavourable forward contracts had expired. Things should improve from this quarter onwards right?

In the results released yesterday, the company recorded RM15.2m of derivative loss! Now the company said they still have exposure until May and September 2016???

1 comment:

  1. A good observation, This complaint should register quickly to both MSWG and Bursa. This is utterly unacceptable.