Fair Point. So far so good, they have walked the talk. What is the hurry to go past that talk is my concern. Just take the yesterdays revised declaration of the new acquisition. Why make these silly mistakes of giving multiple declarations with more disclosures. Correct me if i am wrong, are they required to give projections of SALES, OPM & PAT for the next 3 years a newly acquired company (GNG Pvt Ltd)
Disc : Invested
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I think its necessary due to unique business model of acquired company Ganna n Gold ltd.
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So what is this unique model?.
I have never seen an acquisition announcement with future expected turnover and PAT figures.
All the company announcements I have seen have always posted three years trailing revenues.
On a lighter noteā¦Research Analysts are running the company, hence future projectionsā¦
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In X, Go through the Posts of Kumar Saurabh Sir. He has disected the business model of Sky Gold. You will get your answer. Hopefully that helps.
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