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PickMe (PKME) Fundamental Analysis

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  PKME — Fundamental View One-sentence summary: PKME's fundamentals show a strong, rapidly scaling and increasingly profitable business , with high revenue growth, expanding margins, strong cash generation and a very healthy balance sheet. 3 Strengths Exceptional growth and profitability — FY2025/26 revenue rose 49% to Rs. 8.68 Bn , while net profit increased 88% to Rs. 2.20 Bn and operating profit rose 90% to Rs. 3.05 Bn . Strong cash generation and balance sheet — Operating cash flow reached Rs. 3.41 Bn , while cash and bank balances more than doubled to Rs. 2.14 Bn . Total equity increased to Rs. 3.83 Bn , with relatively modest lease liabilities and virtually no conventional borrowing burden. Improving operating economics — The business is demonstrating operating leverage: revenue grew 49%, but operating profit grew 90%. FY2025/26 ROE was approximately 69% , while net asset value per share increased from Rs. 7.7...
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A Cautionary Tale for Independent Authors: Look Beyond the Glossy Facade

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In the modern digital publishing landscape, it is easy to be swept up by enthusiasm. When a publisher reaches out, praises your manuscript, and paints a picture of instant global exposure, it feels validating. But as many independent authors eventually discover, not every platform operating under the banner of "publishing" is built on fair, transparent business practices. Recently, I experienced a textbook example of this dynamic—and it serves as an important warning for writers who pour their hearts into their work. Here is how these setups often operate, and what you should watch out for: 1. The High-Praise Hook At the start, the communication is glowing. They love your voice, they see immense potential, and they make you feel like your manuscript is the next big breakthrough. The tone is warm, collaborative, and eager to get you on board. 2. The Resistance to Business Realities The moment you transition from emotional validation to professional mechanics—asking for clear p...
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Location: Makumbura, Pannipitiya, Sri Lanka
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Understanding the Freedoms of the Air

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  Understanding the Freedoms of the Air: The Regulatory Framework Governing International Civil Aviation Unlike international maritime trade or standard interstate commerce, international commercial aviation does not operate under a global "free market." Instead, every commercial flight crossing an international boundary relies on a structured set of legal privileges known as the Freedoms of the Air . Established under the Chicago Convention of 1944 and codified through bilateral and multilateral Air Services Agreements (ASAs) , these nine freedoms balance national airspace sovereignty with global commercial transport needs. 1. Legal Foundations: National Sovereignty over Airspace The regulatory framework of international civil aviation rests upon a foundational principle of international law: complete and exclusive national sovereignty over airspace . Paris Convention (1919): First established that every nation has absolute sovereignty over the airspace directly above its ...
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Location: Makumbura, Pannipitiya, Sri Lanka
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