evianevian, where do you get the mix of cash & shares from? The cashflow statement says the only investing outflow was about $7m in equity investments. So did they buy shares in a company that owns the land? If so what % of that company do they own? Which company?
If this is the case they paid $8m total for something they have in the balance sheet at $70m+. How does that work? Where does the $70m valuation come from?
Where is all this announced?
I'm not saying you are wrong, it's just that you can't simply pull numbers out of thin air, as SCE does. Lay out the facts for us.
As for the revenue, the interest and sale of a business are not revenue from on-going operations. If you exclude these what is the profit going forward? Zip?
Going back to whether the rental income is real, where are the cash receipts or debtors? Without them how can you have revenue?
Please cast some light on my darkness.
cosmos
SCE
suntech environmental group limited
