Q: hi folks:
I really hate companies who are not transparent in their financial reporting.
GEI's Q1 Financial report still not posted on website probably because of the AGM today and it wouldn't look good.
The material listed shows "segment profit" which isn't really profit at all....
It's cash flow is stated on a 12 month trailing basis....no figures for Q1.
I suspect from piecing what little news is available that it's cash flow does not cover capital and dividend requirements....and may be decidedly negative.
Stating cash flow as a 12 month trailing figure in their release is to disguise the true nature of the finances at the current time and projecting forward in the current low price environment.
Very offensive to me as a shareholder.
I give companies bonus points for transparent, prompt, and conservative financial reporting and outlooks
Don't like a blatant attempt to hide the truth.
Too bad because I like where they 'appear' to be going long term.
PPL on the other hand scores big points with me for an honest look at the financial picture.
comments? and thanks for taking the time to review
bob
I really hate companies who are not transparent in their financial reporting.
GEI's Q1 Financial report still not posted on website probably because of the AGM today and it wouldn't look good.
The material listed shows "segment profit" which isn't really profit at all....
It's cash flow is stated on a 12 month trailing basis....no figures for Q1.
I suspect from piecing what little news is available that it's cash flow does not cover capital and dividend requirements....and may be decidedly negative.
Stating cash flow as a 12 month trailing figure in their release is to disguise the true nature of the finances at the current time and projecting forward in the current low price environment.
Very offensive to me as a shareholder.
I give companies bonus points for transparent, prompt, and conservative financial reporting and outlooks
Don't like a blatant attempt to hide the truth.
Too bad because I like where they 'appear' to be going long term.
PPL on the other hand scores big points with me for an honest look at the financial picture.
comments? and thanks for taking the time to review
bob