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abercrombie and fitch may possibly worst over for

 
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PostPosted: Mon 7:56, 05 Aug 2013    Post subject: abercrombie and fitch may possibly worst over for

may possibly worst over for Sime Darby
Several steps are you'll need for a return to confidence, The first being the unvarnished straightforward fact,/p>
One of the best ways to kill the reputation of a company is to let the bad news dribble out in bits and pieces. What that does is to keep the investing public in a relentless state of tension wondering what's round the corner, Bleeding self esteem,/p>
Sime Darby found out yet again that's unhealthy for the share price which tumbled in the wake of rumours that it may need to provide as much as RM2.5bil to RM3bil for its final quarter to June 30 and wiping out profits for the particular year,/p>
All Sime Darby said late thursday night was that it would still be in the black when it reports its results later this month. and that is some, But short,[link widoczny dla zalogowanych], Consolation and what anyone will read between the lines is that Sime Darby will make some provisions but less than the rumours envisaged it would,/p>
So the latest guessing game in town is how much more provisions Sime Darby is going to make and for which project or projects. If those questions are not answered satisfactorily and soon then expect continued hesitation in the share price and prolonged depressed valuations, and moreover given its recent already tumultuous history,/p>
marketplace, Talk of which surfaced yr after, Were first centred on projects at the center East where there was said to be significant underbidding but expanded to other areas later, Of which usually the one was Bakun,/p>
They were initially denied but eventually these and others led to a huge provision of nearly RM1bil for the first nine months of its current financial year ending June 30,/p>
The board had first set up a threemember operating business group, Headed by board new member Tan Sri Andrew Sheng Len Tao, In october, Following what was referred to as "questionable positions" In the group's finances yr after,/p>
captured, The scope of the probe was widened and external nike free auditors were brought in to do additional brought on. What rankles is that so far there has been no new information on these probes. That's a long time to wait considering that the first investigations started 10 months ago,/p>
Surely a focused and intense researching, And one that is spearheaded by the board no less, Should be able to establish much more clearly the situation with respect to all its ventures in the various places by now,/p>
If the brought on are complete, Then Sime Darby that is its management and board must make full disclosure of the positioning, The amount of provisions required and whether there is a reasonable chance of recognized being recovered in the future,/p>
If the investigations have not been completed, Then Sime Darby must explain why it is taking way too long, Whether there is more uncertainty about your its finances, Its commitment and the validity of its accounts, And when the inspections will be completed,/p>
Indications are that you will have even more provisions. If you might find, Then there should be clear explanation as to why nike air max that was necessary and whether there will tend to be further provisions made related to old businesses,/p>
It would also help to be clear about whether the fresh provisions came about because of more stringent accounting policies, The crystalisation of losses previously not provided for or any other reason or a mix of reasons,/p>
There is in a new CEO at Sime Darby. there will therefore be suspicion that a greater amount of provisions than is prudently necessary may be made to enable the new man to write on a fresh slate. nevertheless, If you are able to recoveries later through such a kitchensinking exercise, It would only make the new CEO turn out great,/p>
But all that uncertainty for now does Sime Darby and in particular its shares no good. Valuations may be depressed for several years before confidence is restored and the shares resume their upward climb,/p>
can be, but bear in mind, No magic to regaining self esteem,/p>
The first step is the truth the whole truth and outright the unvarnished truth. Tell us how bad it is and get it using it. part with the spin, The spin doctors and pr. Tell it like it is, no less, treats. Don't listen to it down, Don't decorat,[link widoczny dla zalogowanych],/p>
Next tell us exactly what you certainly will do to plug the holes that led to the abuse. For that you must disclose why the holes existed originally and why no one had thought to plug them before. Isn't that what deliberate or not are for? You have to know what went wrong to put it right,[link widoczny dla zalogowanych],/p>
Then tell us who was friendly, Either directly or indirectly. If women, which includes board members, Were negligent or asleep on the job, signify too. Tell us and mean it that you take all possible action against them,/p>
We would also like to know what you plan to do to put the businesses right and grow them and yes, What are your targets in measurable terms. then simply, go out and just do it, as they say it at nike,/p>
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[link widoczny dla zalogowanych]

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