PPRuNe Forums - View Single Post - Kingfisher goes into profit !
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Old 25th May 2011, 13:28
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Sky Dancer
 
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Well don't be elated by this news.This is part of the "Doctor's" strategy of raising capital.This is part of the creative accounting that goes on there and now you will see a plan to raise capital from the market or better still sell if off to a "Strategic Investor" who essentially is a stupid old sod who has no clue about the aviation business.I'm quite sure he would have shown the "Brand Value" of Kingfisher as 1 Billion Dollars on the asset side of his balance sheet to make it look good.Just an advice to potential investors , if you like your money stay away from the Dr."Fat Boy" Mallya and his business empire.
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