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Old 13th May 2013, 15:36
  #182 (permalink)  
ekwhistleblower
 
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This is poor performance indeed. With a trading profit margin of only 4%, whereas it should be 7 to 8% to (self) sustain such a growth, there is not much meat on the bone... There will be a lot of (expensive) external fund raising needed to keep the ship floating.

In the real world the management would have a hard time to explain such a performance.
If you take out the Cargo Terminal, Formula One , PSG, 1 Billion to government etc, the Trading Profit Margin is actually pretty close to 7% which is not bad even with abysmal yield management. (I bet those responsible for that don't get the bullet!)

Let's face it had we closed the book, paid the profit share and then given the owner the dividend it would have been win/win for all. Unless of course it is in someone else's interests not to do so!
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