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21/10/16
22:08
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Originally posted by sydney6791
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No one can do the research,unless the company honestly let small shareholders know the transactions in details.
The only problem with this company is too good to be true.
From the half year report, just 20days ago,
CHP owns 39% of didital star=$5.3m
CHP owns 15% of digital 4ge=$2.5m
CHP owns 80% of COL=$16m
Page 9, 30,sep 2016
Add up to $23.3m=560% of today's MC.
I think CHP dare not lie to the market, but such recent figures needs to be explained. We only know sb paid $4m for 20% of COL, but COL was just a shell before the $4m coming, why suddenly worth $20m???
Really confuse me a lot.
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For example: Revenue
FY 2015 Restated 1ST Half FY2016
Revenue $6,023,754 $2,519,858
It is very easy to get this numbers from CHP balance sheet but it is very hard for them to fake it. Therefore, at lease now, we know that they are heading on the right track.
http://au.investing.com/equities/chapmans-ltd-balance-sheet