Author Topic: IMSL -- Imperial Sugar Mills Limited (Formerly Colony Sugar Mills CSUML)  (Read 724 times)

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Offline SBM

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IMSL -- Imperial Sugar Mills Limited (Formerly Colony Sugar Mills CSUML)
« Reply #-1 on: June 18, 2015, 01:47:54 AM »

Offline SBM

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Imperial Sugar Limited: An Update no longer a going concern

Tuesday, 21 March 2017

By: Cedar Capital (Private) Limited
Due to the recent surge rally in share price of Imperial Sugar Limited (IMSL) from PKR10 to PKR35 and a downward trajectory move to PKR22, we had gone through the company’s financials and extracted following points for investor’s information.
As per company’s 1Q’17 director report, the operations at both units (Mandi Bahaduddin and Khanewal) were closed owing to shortage of working capital. With no other option, the company plans to invest in the power sector. Based on the shareholder approval, the company is in the process for sale of its assets to deal with the potential buyer. Hence, the company is not considered a going concern.

Offline SBM

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Imperial Sugar Limited: An Update no longer a going concern

Tuesday, 21 March 2017

By: Cedar Capital (Private) Limited
Due to the recent surge rally in share price of Imperial Sugar Limited (IMSL) from PKR10 to PKR35 and a downward trajectory move to PKR22, we had gone through the company’s financials and extracted following points for investor’s information.
As per company’s 1Q’17 director report, the operations at both units (Mandi Bahaduddin and Khanewal) were closed owing to shortage of working capital. With no other option, the company plans to invest in the power sector. Based on the shareholder approval, the company is in the process for sale of its assets to deal with the potential buyer. Hence, the company is not considered a going concern.

lol
ki chawal baat ki hai
they should have pointed out that the reval the company has shown is unrealistic
regurgitating whats written in the report ka kia faeda
I hate waking up.

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