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Annual reports - Reading, Understanding and Discussing.
 The Equity Desk Forum :Investment Ideas - Creating winning portfolios! :Annual reports - Reading, Understanding and Discussing.
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subu76
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Quote subu76 Replybullet Posted: 29/Jun/2009 at 6:38pm
From the MD of Mic electronics:
 
Message to our shareholders
Now aren’t you also convinced that I have enough reasons to be excited? The future is electrifying. Opportunities are unfolding by the day, vindicating our industry attractiveness. We will strengthen our profitability and competitive strength to enhance intrinsic shareholder value. But will this get reflected on the bourses? I cannot promise that. But we will considerably strengthen our global visibility, compelling a re-rating of the Company’s shares, commensurate with its global positioning.
 
Thinking aloud:
Wonder if it's normal for CEOs to be speaking like this in annual reports.
Makes me very uncomfortable.
 
Also, the rosy projections in their annual report is in contrast with the projections made by the market leader Barco in their annual report.
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chimak10
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Quote chimak10 Replybullet Posted: 29/Jun/2009 at 6:53pm
Hmm.........very interseting..........i just read some brokerage report.........that's why i asked you about this one.

I have read few AR .........never came across such comment.

This comment of mine is just for discussion purpose only.
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Hitesh Shah
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Quote Hitesh Shah Replybullet Posted: 29/Jun/2009 at 8:36pm
Is there any last day for declaring results of the last financial year, assuming an Apr 1 to Mar 31 accounting year?

Is it not 30th June?
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subu76
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Quote subu76 Replybullet Posted: 30/Jun/2009 at 1:21pm
Yes, that is my understanding too. I think you need special permissions to delay further.
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panbox
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Quote panbox Replybullet Posted: 30/Jun/2009 at 11:12am

edited



Edited by panbox - 30/Jun/2009 at 11:21am
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panbox
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Quote panbox Replybullet Posted: 30/Jun/2009 at 11:18am
Originally posted by Vivek Sukhani

 If somebody wants to see Corporate Governance, look at GE Shipping.Communicating with GE Shipping is such a delight. I will reiterate here at the cost of repitition....when you invest in a company, you not only invest money, you not only invest time, but the most important thing you invest is faith.

 
Regards,
 
Vivek 
 
This is the most electrifying comment that I have read..................No wonder Calcutta is still the capital of India...........in a way.............
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panbox
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Quote panbox Replybullet Posted: 30/Jun/2009 at 11:19am
 edited.


Edited by panbox - 30/Jun/2009 at 11:20am
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Sonu A.Dhariwal
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Quote Sonu A.Dhariwal Replybullet Posted: 01/Jul/2009 at 5:15pm
Vivekji, i read all your posts in this thread. they were quite helpful.
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