The circular can be found here: http://announcements.bursamalaysia.com/EDMS/subweb.nsf/LsvAllByID/AC12354CE071892A482579AD002507A4?OpenDocument The financials of ADSB are as follows: The numbers do not look exactly attractive, cumulative revenue over the first 3 years of operating were not even RM 100K. Due to the history of loss making the shareholders' funds are minus RM 1.7 million.
Bursa should ban the use of DCF valuations
The circular can be found here: http://announcements.bursamalaysia.com/EDMS/subweb.nsf/LsvAllByID/AC12354CE071892A482579AD002507A4?OpenDocument The financials of ADSB are as follows: The numbers do not look exactly attractive, cumulative revenue over the first 3 years of operating were not even RM 100K. Due to the history of loss making the shareholders' funds are minus RM 1.7 million.
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