Posted by Best Stocks > 2014-04-24 10:31 | Report Abuse

L&G - unbilled sales RM600 million Refer to my previous articles 14/4/2014 in Facebook: beststocks118@gmail.com Overseas-Australia: L&G has a 50% stake in Hidden Valley Australia Pty Ltd (HVA) via wholly-owned subsidiarty Land & General Australia (Holdings) Pty Ltd or LGAH, with the other half owned by HVA director Craig Williams. The total land is about 2,500 acres for Hidden Valley development.L&G own 50% stake in HVA. So isn’t it a GOLD DEAL?? Half of 2500 acres of land in HVA!!! Current price: RM 0.575 Target price: RM1.20 It sits on unbilled sales of about rm600 million that will last the company through the next 15 months from March 2014. The unbilled sales of rm600 million is contributed by its two projects. The Elements@Amapang and Damansara Forests, both of which contributed to the huge jump in its property division’s revenue to rm134.6 million in 2QFY2014 ended Sept 30 2013. It had also proposed to acquire a 5.66 acre tract off Jalan Ampang for rm118.5 million cash. L&G intends to fund its portion of the financial commitment of rm127 million through internally generated funds and/or external bank borrowings. Its gearing as at March 31 2013 stood at 0.2 times. The land purchase is for its serviced apartment project which has an estimated GDV of rm789 million. With a gross development cost of rm559 million, estimated profits stands at about rm231 million. The company plans to launch the project at the end of 2014. As at Dec 31 2013, the company had CASH of rm195 million. Total debt (long term and short term) can be settled in 0.20 years, which mean 2 months. So, it is indeed very low debt ratio and come with bulk cash, and L&G net profit is RM98.67Million for 3 quarters. The final quarter results coming soon in May 2014, so please pay full attention to their latest good financial result!! SOURCE FROM : FACEBOOK/EMAIL : beststocks118@gmail.com