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dragonhart Member	11-Aug-2012 12:09        dragonhart About Contact  Quote this Post!
x 0   x 0  Alert Admin	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.
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tedsokny Senior	11-Aug-2012 10:36        tedsokny About Contact  Quote this Post!   Yells: "Have a Angkor Beer!"
x 0   x 0  Alert Admin	Justin, thks for sharing...read n learnt something too...i graduated fr Uni of BTC (bo tak chet) :)    TradeChancellor  Veteran Posted: 11-Aug-2012 09:25   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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TradeChancellor Veteran	11-Aug-2012 09:25        TradeChancellor About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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iPunter Supreme	11-Aug-2012 05:17        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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wesely2k Veteran	11-Aug-2012 03:01        wesely2k About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	EST. Monday TP will be $1.31 to $1.33. Just my view!
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wanglausern Senior	11-Aug-2012 02:43        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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JustinQuek Veteran	11-Aug-2012 00:15        JustinQuek About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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TradeChancellor Veteran	10-Aug-2012 23:40        TradeChancellor About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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JustinQuek Veteran	10-Aug-2012 23:29        JustinQuek About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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warrenbegger Elite	10-Aug-2012 23:22        warrenbegger About Contact  Quote this Post!   Mood: Yells: "Anyhow Buy Anyhow Die ^_^"
x 0   x 0  Alert Admin	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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TradeChancellor Veteran	10-Aug-2012 23:19        TradeChancellor About Contact  Quote this Post!
x 0   x 0  Alert Admin	genting as of today look a little bearish + the " not so nice" results, i wouldn't buy it on monday
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JustinQuek Veteran	10-Aug-2012 23:16        JustinQuek About Contact  Quote this Post!
x 0   x 0  Alert Admin	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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warrenbegger Elite	10-Aug-2012 23:00        warrenbegger About Contact  Quote this Post!   Mood: Yells: "Anyhow Buy Anyhow Die ^_^"
x 0   x 0  Alert Admin	Lucky i jump to the other right ship :)
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TradeChancellor Veteran	10-Aug-2012 18:43        TradeChancellor About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_0C9083060A76E39D48257A560035F856/$file/GENS-Announcement-Q2_2012.pdf?openelement 1H 2012=  2.81 cents vs 1H 2011=4.49  cents diluted...
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cardcounter Member	10-Aug-2012 18:35        cardcounter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Result out liao..gd luck to those still holding..keke
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iPunter Supreme	10-Aug-2012 06:00        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Every single moment in the time continuum of the stock market is  a moment of uncertainty.
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iPunter Supreme	10-Aug-2012 05:38        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	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: Let market decide.
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Flyordie Veteran	10-Aug-2012 01:51        Flyordie About Contact  Quote this Post!   Mood: Yells: "Sifu, Online !!!! Sea Pek Urgent !!!!"
x 0   x 0  Alert Admin	Let market decide.
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wanglausern Senior	10-Aug-2012 01:03        wanglausern About Contact  Quote this Post!
x 0   x 0  Alert Admin	No way with ongoing problems. JustinQuek      ( Date: 09-Aug-2012 20:34) Posted: Will rise alot tmr.
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TradeChancellor Veteran	10-Aug-2012 00:09        TradeChancellor About Contact  Quote this Post!
x 0   x 0  Alert Admin	Lets wait for some accumulation at $1.28 ... got chance  it might drop tomorrow too...this counter have to be nimble
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