17-09-2012, 09:50 PM
(17-09-2012, 06:50 PM)mysterion Wrote: @dzwm87
But how would one apply a time discount to the value of each individual property if the company does not release segmented valuation for each of its developmental properties. For Heeton, there are four developmental properties which are valued at cost (which includes cost of land + interest capitalised + development costs + recognised profit/loss - progress billings). However, all of these variables are consolidated into one and there isn't any breakdown in their latest annual report, which makes it near impossible to apply a time-discount to partially completed properties.
Any idea how to obtain such a breakdown??? Will emailing their IR work??? Or must I actually get my hands dirty and try to estimate their individual valuations based on their gross floor area and their respective average prices??? :S
well if it gets too tough or too complicated, heck, pass it on and just move on to another company... u wont be able to breakdown all balance sheets even if you are the best analyst in town
some comapnies have so many associates and joint ventures that you cant tell how healthy they are (perhaps i am just not resourceful enough at the moment, lol)... for such companies, i usually say 'to hell with all of you'.