YuuZoo Networks   

Yuuzoo - The truth must be revealed!

Skin very thick, or completely self-deluded themselves. Already kenna suspended by the one exchange which has been know to never act on anything until too late. How will they be able to regain trust when/if SGX allows the trading to resume ?

Siow liow.

Stanton      ( Date: 22-Mar-2018 19:46) Posted: Singapore, 22nd March 2018: Singapore-listed YuuZoo Corporation Limited (?YuuZoo? or ?the Company?) (SGX: AFC) which grows it business internationally through a franchise and marketing partner program, today announced that several of its main franchisees in 2017 significantly outperformed their expected user numbers and showed stronger financial results than budgeted. 23 franchisees in South Korea, UK, India, Romania, Poland and South Africa covering YuuZoo?s vertically integrated tribal networks in areas such as football, games, ecommerce and chat, showed by December 31st 2017 a total of 2,732,722 registered users vs a forecasted number of 34,004, thus outperforming their forecasted user numbers by more than 7,000%. While all franchisees in their first 2 years of operations are expected to show losses, which for the 23 franchisees was budgeted as a total loss of USD 1,9 million for 2017, the actual result was a loss of only just over USD 30,000 from user generated income of ecommerce, advertising and games. When network sales, which form a central part of the activities of all franchisees are added, the result was a profit of over USD 9,6 million. Says Mohandas, CEO of YuuZoo?s Singapore operations: ?We are very pleased with the performance of the 23 franchisee networks YuuZoo has sold to South Korea, UK, India, Romania, Poland and South Africa. Some observers have expressed doubts about the franchise model. The very strong results in 2017, with user numbers exceeded by over 7,000% and financial results much ahead of the budgets, show that the model not only works but that it can be very successful when rightly executed. As YuuZoo always has stated, not all franchisees will outperform. While all YuuZoo franchisees in 2017 showed user growth, some did better than others. YuuZoo has, in line with its conservative accounting policy, decided to write down the value it carries on its balance sheet for those of its franchisees that have shown weaker performance. As all franchisees continue to operate and as all franchisees operate on YuuZoo?s proprietary software platform which we continue to improve and upgrade each year, we believe that also those franchisees that in 2017 did not perform as well as the top performers, can improve their performance in 2018. If this happens YuuZoo will, in accordance with accounting standards, write up the value we this year decided to write down?, Mohandas concluded.

 

Suka Suka values its assets. My hdb flat is worth $100m. Can go for sgx listing?4

 

Singapore, 22nd March 2018: Singapore-listed YuuZoo Corporation Limited (?YuuZoo? or ?the Company?) (SGX: AFC) which grows it business internationally through a franchise and marketing partner program, today announced that several of its main franchisees in 2017 significantly outperformed their expected user numbers and showed stronger financial results than budgeted.
23 franchisees in South Korea, UK, India, Romania, Poland and South Africa covering YuuZoo?s vertically integrated tribal networks in areas such as football, games, ecommerce and chat, showed by December 31st 2017 a total of 2,732,722 registered users vs a forecasted number of 34,004, thus outperforming their forecasted user numbers by more than 7,000%.
While all franchisees in their first 2 years of operations are expected to show losses, which for the 23 franchisees was budgeted as a total loss of USD 1,9 million for 2017, the actual result was a loss of only just over USD 30,000 from user generated income of ecommerce, advertising and games. When network sales, which form a central part of the activities of all franchisees are added, the result was a profit of over USD 9,6 million.
Says Mohandas, CEO of YuuZoo?s Singapore operations: ?We are very pleased with the performance of the 23 franchisee networks YuuZoo has sold to South Korea, UK, India, Romania, Poland and South Africa. Some observers have expressed doubts about the franchise model. The very strong results in 2017, with user numbers exceeded by over 7,000% and financial results much ahead of the budgets, show that the model not only works but that it can be very successful when rightly executed. As YuuZoo always has stated, not all franchisees will outperform. While all YuuZoo franchisees in 2017 showed user growth, some did better than others. YuuZoo has, in line with its conservative accounting policy, decided to write down the value it carries on its balance sheet for those of its franchisees that have shown weaker performance. As all franchisees continue to operate and as all franchisees operate on YuuZoo?s proprietary software platform which we continue to improve and upgrade each year, we believe that also those franchisees that in 2017 did not perform as well as the top performers, can improve their performance in 2018. If this happens YuuZoo will, in accordance with accounting standards, write up the value we this year decided to write down?, Mohandas concluded.

 

It is not SGX who is impatient.  Yuuzoo just exposed themselves yet again.  SGX is simply asking for the valuation method Yuuzoo used to value its franchisees which Yuuzoo reported in their report.  Since Yuuzoo has already got a number to put in their financial report, they must have already done the valuation.    Yuuzoo simply need to supply the documents and not redo the valuation isn' t it?

As usual, when Yuuzoo are caught red-handed, they simply tried to talk their way out.

SGX shouldn' t let them off this lightly.   

tanchingku      ( Date: 22-Mar-2018 18:48) Posted: --- Post Removed by User ---

 

Yuuzoo announced that their numbers are properly accounted under recognised accounting standards. Are they suggesting that SGX is being unreasonable to impose a impossible timeline for RT to give an opinion? They politely ask for extention to 28 Mar but was rejected. They were ready to hand over documents to auditors at 4AM on the deadline day. Worked so hard till 4AM but SGX is so unfair, suddenly suspend them.

 

Yuuzoo becomes zoo zoo

 

What is the mian reason ex market leader Nokia loses its market share to Apple Samsung...?

Hmmmm....?

 

The monkey' s new antics.............yet again...............................

YuuZoo cites ' impossible' timeframe for auditors to make call
THU, MAR 22, 2018 - 5:07 PM

YUUZOO Corporation Limited, which saw a suspension in its shares by the Singapore Exchange (SGX) on Monday, clarified on Thursday that it was due to an " impossible" timeframe given for it to put together material required by auditors RT LLP.

The company had missed a deadline by the SGX, under a notice of compliance, to disclose its auditors' opinion on certain items in its latest financial statements by 19 March.

YuuZoo said that upon receiving the notice, it contacted RT LLP. The auditors informed the company that in order to reply to the SGX queries, they required complete business plans and five-year discounted cash flow analysis for all of YuuZoo' s 46 franchisees by March 8.

The auditors also required 10 days to review the complete material.

http://www.businesstimes.com.sg/companies-markets/yuuzoo-cites-impossible-timeframe-for-auditors-to-make-call

 

YuuZoo....YuuZoo..YOU soon go to the ZOO !!

 

Yuuzoo make announcement already. Is misunderstanding la.

soon will resume trading.

COngra everybody

tanchingku      ( Date: 21-Mar-2018 22:54) Posted: --- Post Removed by User ---

 

At least now SGX take action to suspend it, hope give them time to solve the problem than lift trading,but don?t force it to delisted. Just don?t let them to trading is enough, so coy 乖 乖 的 doTheir job

 

Too bad Temasek and GIC didn?t take notice of Yuuzoo. If they invest in Yuuzoo, then more Bargain Purchase, Franchise revenues, $4 billion asset in Harbin and at least $600 million revenue from YuuLog. They will post serious challenge to Amazon and Alibaba. Then all Singaporeans no need to pay taxes and no GST hike. Gain on Bargain Purchase of Yuuzoo will be in trillions. Can cover Singapore expenditures for generations. It only cost S$30 million to acquire Yuuzoo.

 

Yuuzoo is so much better than peers. So many IT startup lose money....Yuuzoo make "money"wow.

sheerluck      ( Date: 21-Mar-2018 00:12) Posted: Dont joke joke with Yuuzoo hor.  Can only be Yuuzoo invest in Alibaba but Yuuzoo not look Alibaba up mah.  So small company only.  Yuuzoo is the next-gen e-conmany.  In future, Yuuzoo just need to use 1 share can buy over Alibaba liao.  This one even better than the RM deal.  This is truly 0+1000=infinity. bigdragon966      ( Date: 20-Mar-2018 23:59) Posted: Tarzan talked about alibaba many times, why alibaba never want to invest in yuuzoo? ============

 

Tarzan said he wanted to sue Sarah Danckert because she wrote the article.

Don' t know whether he just talked or really go and sue.
 

surefire      ( Date: 21-Mar-2018 18:33) Posted: Not new but interesting read: https://www.google.com.sg/amp/s/amp.smh.com.au/business/companies/music-stops-for-aussie-entertainment-entrepreneur-20171005-gyulpx.html

 

Not new but interesting read:

https://www.google.com.sg/amp/s/amp.smh.com.au/business/companies/music-stops-for-aussie-entertainment-entrepreneur-20171005-gyulpx.html

 

That's a good one. 👍

sheerluck      ( Date: 21-Mar-2018 08:16) Posted: Wow...that' s a very good example.  But hawking explains the theory of Black Holes while Yuuzoo created one.  So who is more genius? iDontKnow      ( Date: 21-Mar-2018 04:28) Posted: Yuuzoo CEO is actually a genius, but no one can understand him. What a pity.  It' s just like when  Stephen Hawking first came out with the theory of ' black holes' , nobody could understand him.

 

I remember investboy all these clones also talk about other tech companies, comparing it with facebook and others.
Mai siao siao, Yuuzoo is on par with alibaba, facebook and amazon ok. They should make way for Yuuzoo!

bigdragon966      ( Date: 20-Mar-2018 23:59) Posted: Tarzan talked about alibaba many times, why alibaba never want to invest in yuuzoo? ============

 

dead already still wanna play with funky news.

Starship      ( Date: 20-Mar-2018 22:32) Posted: A case of ownself buy ownself ? ACQUISITION OF SHARES IN YUUZOO PLATFORM CO., LTD. The board of directors (the &ldquo Board&rdquo ) of YuuZoo Corporation Limited (the " Company" and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that the Company has acquired 29,997 ordinary shares, representing 99.99% of the issued and paid-up share capital of Yuuzoo Platform Co., Ltd. (&ldquo YuuZoo Platform&rdquo ) from YuuZoo Corporation (&ldquo YuuZoo BVI&rdquo ), a wholly owned subsidiary of the Company, for an aggregate purchase consideration of Baht 2,999,700 (equivalent to approximately SGD126,130) on a willing buyer and a willing seller basis (the &ldquo Proposed Acquisition&rdquo ) as part of the Group&rsquo s restructuring exercise. Subsequent to the Proposed Acquisition, the Company holds approximately 99.9934% equity interest in YuuZoo Platform, 0.0033% equity interest is held by YuuZoo BVI and the remaining 0.0033% equity interest is held by YuuZooNow Pte. Ltd. The Proposed Acquisition was funded through internal resources and was not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company and the Group for the current financial year ending 31 December 2018. None of the Directors or controlling shareholders of the Company has any interest, direct or indirect (other than their shareholdings in the Company), in the Proposed Acquisition.  BY ORDER OF THE BOARD Mohandas Chief Operating Officer Date: 20 March 2018

 

Wow...that' s a very good example.  But hawking explains the theory of Black Holes while Yuuzoo created one.  So who is more genius?

iDontKnow      ( Date: 21-Mar-2018 04:28) Posted: Yuuzoo CEO is actually a genius, but no one can understand him. What a pity.  It' s just like when  Stephen Hawking first came out with the theory of ' black holes' , nobody could understand him.

 

Yuuzoo CEO is actually a genius, but no one can understand him. What a pity. 
It' s just like when  Stephen Hawking first came out with the theory of ' black holes' , nobody could understand him.