By: musicwhiz Pacific Andes - 3Q FY 2008 Results Analysis and Review (Part 1) I know this review is long overdue, but I really haven't had time to get down to it till today. Anyhow, as my investments are long-term by nature, the fortunate thing is that it does not really matter if I analyzed it today, yesterday or even last month. The nature of Pacific Andes' business is not going to change overnight, or for the next 5 years for that matter ! As it is, they will probably be even more diversified (I hope !) in the next few years after announcing their intentions to expand their fishing activities to South American seas. Anyhow, below is my quick and brief review for PAH's 3Q FY 2008 financials. Note that I will place more emphasis on the FY 2008 results once they are out by late May 2008. Read more... Pacific Andes - 3Q FY 2008 Results Analysis and Review (Part 2) To continue my review, I will be touching on Cash Flow Statement and prospects and plans for PAH in this post. Cash Flow Statement Review Please note that for my cash flow review, I will be referring to numbers for 9 months ended Dec 31, 2007 (not the 3-month figures as these are more short-term by nature). Cash generated from operating activities continues to remain healthy, as cash inflows before changes in working capital came up to HK$958 million for Dec 31, 2007 compared to just HK$542 million a year ago. Their cash generation ability from operations is not the worrying section, but I am keeping an eye on their interest paid and income taxes paid, which saw a significant rise from a year ago due to higher financing costs and expansion of their operations. Read more...