I have one investment holding company, and the company hold two property.
First property located at PJ, cost is RM500,000 (bought in year 2005), outstanding loan is RM480,000. You might wondering why the property has bough for 12 years d, but loan still RM480,000? The reason is all this while I only pay the interst, so I didn't pay for the principal. Currently my monthly interest is RM3000, and the monthly rental I collected is RM3500.
Second property is a shoplot nearby new LRT station. I bought it at Year 2015 @ RM1.8mil, and my loan amount is RM1.8mil as well. Same as above, I only paid interest only, so the outstanding loan is still same at RM1.8mil. Due to the construction of LRT (will take 3-4 years to complete) that area become very jam, and many shop nearby has closed down. Initially that place can rent for RM9500, but the rental I collect is only RM6000, so that mean every month I'm incurred loss of RM3500. I believe this loss will be over once the LRT station is ready.
Beside the above properties, my company still have additional RM500k assets, such as cash, bank, fixed deposit and etc.
Recently, an investor offer to buy my first property at RM2 mil, and if the deal is on, that mean I will received RM1.5mil on hand, as balance of RM500k will used to pay off the loan.
Based on the above illustration, do you think how much my company worth?
Circular to shareholders in relation to the proposed disposal of the entire interest in sistem lingkaran lebuhraya kajang sdn .bhd to PNB for RM 380 cash.......
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
centrio88
137 posts
Posted by centrio88 > 2017-02-02 11:34 | Report Abuse
Target 0.45