YuuZoo Corp (Formerly W Corp)

[kikababoo]

Anyone still following this co?

http://infopub.sgx.com/FileOpen/160511_S...eID=404232

Auditor's disclaimer of opinion. Plus an "about us" section on their yuuzoo social media website re-directing to their corporate website (which showcase real time stock price and analysts promotion)...

amazing quality...

[GPD]

This company is too desperate to prop up its name than its business.
Just accept that I am beautiful with my thick make-up. The rest inconsequential.

[level13]

Anyone still following this co?

http://infopub.sgx.com/FileOpen/160511_S...eID=404232

Auditor's disclaimer of opinion. Plus an "about us" section on their yuuzoo social media website re-directing to their corporate website (which showcase real time stock price and analysts promotion)...

amazing quality...

I would be very surprised if any VB forumer is into this counter. This goes against the value investing concept that most of us believe in.
There are countless number of red flags...............

- numbers on books are plucked from thin air (as per auditor's disclaimer of opinion)
- constant issuing of new shares to purchase assets
- no sign of insiders buying
- poorly constructed website

They like to compare their PE ratio with Tencent & Facebook............do i need to say more?

[whatamidoing]

Anyone still following this co?

http://infopub.sgx.com/FileOpen/160511_S...eID=404232

Auditor's disclaimer of opinion. Plus an "about us" section on their yuuzoo social media website re-directing to their corporate website (which showcase real time stock price and analysts promotion)...

amazing quality...

I would be very surprised if any VB forumer is into this counter. This goes against the value investing concept that most of us believe in.
There are countless number of red flags...............

- numbers on books are plucked from thin air (as per auditor's disclaimer of opinion)
- constant issuing of new shares to purchase assets
- no sign of insiders buying
- poorly constructed website

They like to compare their PE ratio with Tencent & Facebook............do i need to say more?

http://www.alexa.com/siteinfo/yuuzoo.com Yuuzoo's website is ranked 300k+ in the world, and 5000+ in Singapore. I can't even name 500 websites in Singapore that I will use frequently.

For their games, most of them are not even ranked. 
https://www.similarweb.com/app/google-pl...statistics - ranked 169k+. 

And best of all, their main app i suppose (https://www.similarweb.com/app/google-pl...statistics), only has 100-500 downloads and installs. 

Don't understand how they can compare themselves to Facebook (http://www.alexa.com/siteinfo/facebook.com ranked 3rd in the world) and Tencent. Even a blogshop has better traffic.

[whatamidoing]

http://infopub.sgx.com/FileOpen/Yuuzoo_C...eID=416361

Yuuzoo reported 2Q16 revenues of SGD35.8m, a 235% increase year on year, which leads to a SGD14m net profit.

However, OCF is an outflow of SGD32k. Why an outflow? SGD17m of revenue is non-cash and yet was recognised in the revenue line.

However, trade receivables remained constant at SGD20m (from end 2015 to June 2016), which is weird if your revenue has increased that much (235% year on year).

I do hope that people will pick this up as it is very likely that websites and bloggers might just focus on the headline numbers without doing further analysis.

[namralk]

http://infopub.sgx.com/FileOpen/Yuuzoo_C...eID=416361

Yuuzoo reported 2Q16 revenues of SGD35.8m, a 235% increase year on year, which leads to a SGD14m net profit.

However, OCF is an outflow of SGD32k. Why an outflow? SGD17m of revenue is non-cash and yet was recognised in the revenue line.

However, trade receivables remained constant at SGD20m (from end 2015 to June 2016), which is weird if your revenue has increased that much (235% year on year).

I do hope that people will pick this up as it is very likely that websites and bloggers might just focus on the headline numbers without doing further analysis.

Yes, it sounds very dotcom-era where telcos were billing each other and taking that as "revenue". I hope SGX query this and not allow the headline effect of "increased' revenue mask the negative OCF.

[getrich]

http://sbr.com.sg/retail/more-news/yuuzo...s-242-815m


YuuZoo’s revenue skyrockets 242% to $81.5m

All other company figures were inspiring.

On back of impressive business performance, investment holding company YuuZoo Corporation Limited’s total income soared 242% YoY to $81.5 million in 1H16, and 237% YoY to $36 million in 2Q16.

YuuZoo boasts of it’s e-commerce business as earnings shot up 497% to $47.2 million for the first half of 2016. Likewise, EBIT surged 1040% to $14.3 million in 2Q16 and 378% to $27.1 million in 1H16, it added.

On top of the period’s achievements, the company said it continued to operate fully debt-free.

“Trade and other receivables declined 44% to SGD19.5 million from SGD34.7 million at December 31st 2015, while liabilities during the same period plunged 67% to SGD3.7 million from SGD11.2 million,” YuuZoo said.

[cyclone]

Yuuzoo to make a minimum equity investment of USD50,000,000 and up to US$150,000,000 in Relativity Media

Yuuzoo Corporation Limited wishes to announce that the group has entered into a term sheet and a letter of intent dated 28 October 2016 with Relativity Holdings LLC ("Relativity") to make a minimum equity investment of fifty million US Dollars (USD50,000,000) and up to hundred and fifty million US Dollars (US$150,000,000).

Relativity Media LLC (http://relativitymedia.com) is headquartered in Beverly Hills, California, USA. It was founded in 2004 by Lynwood Spinks and Ryan Kavanaugh, who still serves as the CEO of the Company. Relativity is engaged in the development, production, financing, and distribution of feature films and television programs. Relativity Studios, the Company’s largest division, has produced, distributed or structured financing for more than 200 motion pictures, generating more than $17 billion in worldwide boxoffice revenue and earning 60 Oscar nominations.

More details in http://infopub.sgx.com/FileOpen/Final_Re...eID=426918

[weijian]

Following its tradition, the langugage in used in the press release for this acquisition calls for a nice read:

http://infopub.sgx.com/FileOpen/161031_R...eID=426955

This transaction has a tremendous fit where 1 plus 1 does truly equal 10," said Thomas Zilliacus, Executive Chairman of YuuZoo.

Some market observers have already compared the Relativity – YuuZoo deal to the recently announced acquisition of TimeWarner by AT&T. In both cases, the driving force between the transactions is the irreversible and permanent change in how media is distributed and consumed.

While the comparison between the two transactions is accurate, the YuuZoo – Relativity deal targets and reaches a much bigger global audience that includes the main focus of AT&T, i.e. USA and Latin America, but also Asia, Africa and Europe. YuuZoo with its partners and franchisees today covers 69 countries with more than 4.3 billion consumers. AT&T focuses on the US and Latin America, a market with some 940 million consumers.

“The market should, as recent analyst reports have stated, be valuing them at least 10x their current price, but because they were the pipe and not the content inside they seemed to lose some of that valuation

[specuvestor]

Much bigger hot air I presume:

http://www.wsj.com/articles/relativity-m...1458320347

http://screenrant.com/relativity-media-bankruptcy-sale/

NB I think they were sanctioned before on inappropriate announcement. The "source" in the announcement IMHO is inappropriate and just a marketing mouthpiece. They are testing the limits.