IHYAY - İhlas Yayın Holding

**Karaşimşek1** · 03-04-2018, 15:17

Bu ********ler habire

Satışı 400 000 lot

Alış 1100 000 ama ne hikmetse hep alıştan işlem oluyor

Satış habire eksildikçe üstüne fazlasıyla ilave ediyorlar

Tam bir kedi fare oyunu

**ihyay** · 03-04-2018, 15:21

Allah bin türlü belanı versin, 05.11.2010 tarihinde borsada işlem görmeye başladığın günden itibaren bütün kağıtlarla senin performansını değerlendirdim. Seni halka arz edenlerin de, küçük yatırımcıya bu eziyeti reva görenlerinde topunun Allah belasını versin. Bütün kağıtlar bir şekilde yatırımcısını mutlu ederken sen ne halt edersin. Bir kağıt bu kadar mı baskılanır, bir kağıt bu kadar mı tepkisiz kalır. daha kaç yıl bekleyeceğiz. Halka arz olurken seni fiyatlayanların, seni allayıp pullayıp bize kakalayanların, seni bu kadar baskılayanların topunun Allah belalarını versin. Şerefsiz oğlu ********ler. Sizden başka ekside olan kağıt yok. Yeter artık, insanların psikolojilerini bozdunuz. Sizler bizim hayellerimizi ve paramızı çaldınız, TÜM İHLAS GRUP YÖNETİCİLERİ Allah sizleri bildiği gibi yapsın. Bu grup kağıtlarına belasını arayan buyursun gelsin alsın. BU GURUBA GİRECEK OLANLAR LÜTFEN YAZDIKLARIMI DİKKATE ALIN.

**ihyay** · 05-04-2018, 15:23

It trades at a lower Price/Book multiple (0.74) than its peer median (1.40).
IHYAY-TR's earnings and EBITDA are both negative which suggest that P/E or Price/EBITDA are not meaningful to make this analysis between operating advantage (ROE) and growth expectations (as suggested by P/E or P/EBITDA).
IHYAY-TR's relatively high profit margins are burdened by capital inefficiency.
Changes in annual earnings (relative to peers) are better than the change in its revenues (relative to peers), implying the company is focused more on earnings.
Over the last five years, IHYAY-TR's return on equity has improved from median to better than the median among its peers, suggesting the company has found relative operating advantages.
The company's relatively low gross and pre-tax margins suggest a non-differentiated product portfolio and not much control on operating costs relative to peers.
IHYAY-TR's earnings and EBITDA are both negative which suggest that P/E or Price/EBITDA are not meaningful for an analysis between historical growth (using annualized three-year revenue growth) and investor growth expectations (as suggested by P/E or Price/EBITDA) .
The company's level of equity capital investment suggests it might be under-investing in a business with above median returns.
IHYAY-TR has the financial and operating capacity to borrow quickly.

IHYAY-TR's relatively weak net income margins for the last twelve months combined with a relatively conservative accrual policy suggest the company might likely be understating and possibly even sandbagging its reported net income number.
The company's accrual levels over the last twelve months are both positive and greater than the peer median suggesting the company is not only building reserves but is doing so in a relatively strong manner compared to its peers.
Excluding the effects of change in revenue, the accounting categories causing the most impact on the movement of net income from the prior period to the current period are Accounts Receivable, Intangible Assets and PP&E.

Summary numbers: Revenues of TRY 47.75 million, Net Earnings of TRY -3.95 million.
Gross margins narrowed from 16.46% to 7.77% compared to the same period last year, operating (EBITDA) margins now -2.09% from -7.39%.
Change in operating cash flow of -58.15% compared to same period last year is about the same as change in earnings, likely no significant movement in accruals or reserves.
Earnings decline largely a result of non-operational activity, pretax margins improved from -24.46% to -14.16%.