GL แครี่เทรด“อองเซน” #แฉทุกวันทันเกมหุ้น นักลงทุนในตลาดหุ้นไทย และผู้ถือหุ้นของ บริษัท กรุ๊ปลีส จำกัด (มหาชน) หรือ…
GL Carey Trader “Anzen”
# Unfurling daily stock games
Thai stock market investors And the shareholders of Group Lease Public Company Limited or GL would like to thank the Certified Public Accountant Registration No. 3182 under the name of Mr. Sophon Permsirivallop, under the jurisdiction of the company’s office.
The reason is the financial statements of the auditors. Open the dark side of the company with the stock price and the hottest profit of the head of the stock market in 2016, purely gorgeous.
Professional auditors Not a career that has come easy. And also the style of work. “Close the gold under the base of the Buddha”, so it may make the employer uncomfortable.
Mr. Sophon stated in the notes to the financial statements of the year 2016 that interesting and unusual. “.. Please note the notes to consolidated financial statements No. 11 regarding loans and accrued interest receivable. The Company provided a loan to a subsidiary in Singapore. This subsidiary provided two other companies in the Cyprus and Singapore Islands. The borrower is also a shareholder in the Company and has taken part of the share of the Company as security for the loan from such subsidiary … ”
Additional facts in the note. Add more Contractual interest rate of the loan. (Released to a Singapore subsidiary The subsidiaries then accounted for two groups of debtors in Cyprus and Singapore) had a high rate of 14.5 to 25 percent per annum. Interest received during the year from these receivables was Baht 485 million (average interest rate was approximately 17%).
Interest income from the two groups of loans in Cyprus and Singapore accounted for 16% of the Company’s total annual revenues of 2,922.14 million baht, calculated in accordance with the accounts of the auditor. It will be found that “the amount is 38% of the total profit of the Company and its subsidiaries in 2016”.
Oh … mother …. What business profit so much this size.
Not surprisingly to be found. GL’s net profit of Bt1,063.84m is a net profit margin of 36.41% and a growth of 82.51% over the previous year.
This outstanding net profit. Not enviable If it comes with ability and vision. There are no ambiguities. The source of the profit. But the opinion of the auditor Mr. Sophon that. “… These loans contain collateral that consists of: Real estate in Cyprus and Brazil Cypriot Government Bond Shares in other companies abroad And the stock of the company held by the borrower … “, the management of GL has stated that” … the value of the collateral. (Including the Company’s shares). Which was valued at a closing price in The Stock Exchange of Thailand at the end of the year) is worth about 106 percent and 238 percent, respectively, of the loans of these two borrowers … ”
Such statement. The question was asked by the auditor. “.. If you do not value the shares of the company that is guaranteed. (Based on carefulness to be observed in the analysis of collateral value. Stock of the lender Should not be counted as collateral of the debtor that the company lends.) The remaining value of collateral is approximately 60% and 53%, respectively … ”
The loan guarantee limit is lower than the outstanding debt. It’s just a proposition of the first. Because there is a second. “… These receivables are repayable on a principal basis ranging from 3 months to 3 years, with principal repayment scheduled at the end of the contract. There are some receivables when repayment is due during the year. However, the subsidiary has extended the repayment schedule to these debentures for a few more years. The revised loan extension agreement amounted to approximately Baht 2,129 million (US $ 59 million).
Both of these questions raised questions. The “transparency” of the GL transaction with the de facto major shareholder is immediate.
GL does not have a normal credit line. But doing transactions “Careless Trafficking” is undoubtedly …
Japan is the origin of multinational trade services, starting with the three years since Yenny Carey traded in Japan. To profit from high interest rates through the bond market, the stock market and the foreign exchange market.
It is not uncommon to see the legacy of the Carnegie Trading yen many decades before. It will be inherited and adapted by the management of GL … It’s a “skilled horse” …
The question to that. GL’s share price rises from Bt18 at the end of 2015 to above Bt55 (over 3.5x) in the past year. Something’s hidden from the agenda … ah !!!
Or into the melody “Tuck” to eat more profit … plus stock price.
GL shares fall as the leaves fall from the pole 5 days after the market knows. Note The auditor from March 1 at 56 baht to the latest at 48.00 baht yesterday.
Even Japanese executives such as Mr. Mitsuji Konoshita, Chairman and Chief Executive Officer The Thai public relations company “Phra” out “defense” that no problem … but anyone will believe.
This crisis caused investors to abandon the “Kamikaze” GL … because of the distrust of the business model “Carey Trader” Ansen “… already lost.