Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:obiero wrote:murchr wrote:VituVingiSana wrote:murchr wrote:VituVingiSana wrote:murchr wrote:kizee1 wrote:VituVingiSana wrote:Something is not kosher according to @sang252 and you know he asks questions on matters others do not even know exist. I can't "picture" his tweet.
1) Why are all the SS translation losses of 6.1bn going below the line? [Permanent impairment]
2) SS showed a profit for 1Q 2Q 3Q. Have these profits [which were really profits with the devaluation] been reversed in 4Q? SSP the SS currency was heavily devalued(from 3.06 to +18 to the USD) in Q4,.. translation of the SS balance sheet would explain said impairment I expected Sunil to have been more aware of that, business in SS will be tricky till those 2 leaders are dethroned Aware of what? South Sudan devalued its currency by 84 percent in Q4 Are you serious? About what? Are you serious that you think @sang252 didn't take into account the devaluation?
The question @Sang252 posed, if you tried to understand it wasn't about the impairment but its accounting treatment.One has to wonder how @vvs invests without macro knowledge @Obiero - Is Alex no longer whispering sweet nothings in your ears? And no, as you have so ably demonstrated over & over again you are much smarter than me. VVS even if you go back to Sunils posts he backtracks his earlier statement saying the results dont look so good.... As for the 84% valuation,....that was then Q4..the devaluation is ongoing When did @sang252 backtrack on his earlier statement? Post them for us to see. Facts. Please. Facts. Sit tight and wait for it  Waiting. Waiting. Waiting. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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