Madulsima (MADU)- Is there any value in Timber?
innam at 09h24
25
Jan
2011
Madulsima (MADU)- Is there any value in Timber?
MADU has been a forgotten share over last 1-2 years and rightly so as the company has been continously making losses due to it's nearly 100% exposure to tea. The owners have been bleeding the company through high management fees in the past as well.
However there is an interesting disclosure in the September interim financial statements, note 2 says
The Carrying Value of Fuel wood (Timber) Plantations which reflects as Rs.
MADU has been a forgotten share over last 1-2 years and rightly so as the company has been continously making losses due to it's nearly 100% exposure to tea. The owners have been bleeding the company through high management fees in the past as well.
However there is an interesting disclosure in the September interim financial statements, note 2 says
The Carrying Value of Fuel wood (Timber) Plantations which reflects as Rs.
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The Carrying Value of Fuel wood (Timber) Plantations which reflects as Rs. 110.667 Mn.as at 30th September 2010,have been revalued by an independent Qualified Valuer and the revaluation has not yet been ...incorporated into the Financial Statements. The
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"Madulsima (MADU)- Is there any value in Timber?"
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25/01/2011 at 09h24 by "innam"
