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Consider good or bad?

(21-08-2013, 02:45 PM)Jacmar Wrote: [ -> ]

(21-08-2013, 02:05 PM)guru Wrote: [ -> ]What does short squeeze means?

(19-08-2013, 12:59 PM)BlueKelah Wrote: [ -> ]Are the kateks still active on this counter? now only 66cents.

What price should we start the short squeeze?

Eh, you are the "guru" and how come you don't know what's short squeeze. use the power of the internet and google to find out.

well, not sure if the kateks are still active but the last time they short it down to about 64 cents. they still have some of my shares. so if we don't let them go to 64 cents, then they cannot exit without a loss.

oh so you can see what is the price for covering that they have on your shares if you own them and shortist borrow it?

Hey all out there, this stock caught my eye somehow. I'm a noobie investor but i found this stock really tempting.

I've a qn that i dont uds, when the TOP happens for the PLC and DBSS in 2014, will only then the revenue be recognised for these 2 projects?

(14-10-2013, 05:39 PM)8ALEX8 Wrote: [ -> ]Hey all out there, this stock caught my eye somehow. I'm a noobie investor but i found this stock really tempting.

I've a qn that i dont uds, when the TOP happens for the PLC and DBSS in 2014, will only then the revenue be recognised for these 2 projects?

I belong to the oldies that do not really understand short forms. Maybe you can write in full words please?
As for the answer for your question, Yes. They will be recognized upon TOP.

haha okay. Ooh i see, thanks. I've a lot more question as i'm really new to investing, hope you dont mind helping me.

1. Will the revenues be recognised in bulk? I dont really have the idea how the revenues is collected. Isit spread over a length of time?

2. How do buyers actually pay for the offices? Isit also over a period of time.

3. Once the property is sold, is the asset automatically written off the balance sheet?

Thanks for helping.

(14-10-2013, 06:08 PM)8ALEX8 Wrote: [ -> ]haha okay. Ooh i see, thanks. I've a lot more question as i'm really new to investing, hope you dont mind helping me.

1. Will the revenues be recognised in bulk? I dont really have the idea how the revenues is collected. Isit spread over a length of time?

Yes. The revenue for the properties will be the total sale of the units that had been sold. If I am not wrong, the revenue is collected based on the progress of the property construction but the revenue will only be recognized upon TOP for PLS and DBSS.

(14-10-2013, 06:08 PM)8ALEX8 Wrote: [ -> ]2. How do buyers actually pay for the offices? Isit also over a period of time.

Cash or a combination of both cash + loan. The payment will be in phases depending on the progress of property development.

(14-10-2013, 06:08 PM)8ALEX8 Wrote: [ -> ]3. Once the property is sold, is the asset automatically written off the balance sheet?

Property will be converted to cash.
Not sure what you are directing, but if you asking about PLS and DBSS, the development properties remain in LKH balance sheet even though the units are sold progressively. I think most of it will be off the balance sheet when the revenue is recognized.

Let me try to answer your questions as best I can as I am not an acct.

(14-10-2013, 06:08 PM)8ALEX8 Wrote: [ -> ]1. Will the revenues be recognised in bulk?
<<yes when the project is TOP. before that it is not recognised in the P/L statement.>>
I dont really have the idea how the revenues is collected. Isit spread over a length of time?
<<progress payments>>
2. How do buyers actually pay for the offices? Isit also over a period of time.<<progress payments>>

3. Once the property is sold, is the asset automatically written off the balance sheet?
<< even though the revenues is not recognised, the progress payments is still collected. you will notice in the B/S that there is a line item in Current Assets " development properties". meanwhile over at the CF statement you will see the item "Payables" this the money coming in knock off against development properties. you can say actually between the two items is the profit ie cf coming in.
once the property is TOP(that's what you meant by sold off), then the "development properties" will be reduced accordingly and then the profit and loss shows reflects this sales and cogs.>>
Thanks for helping.

Thanks Jacmar and yeokiwi, really grateful for all your help to answering my questions.

I'm very new and unfamiliar to property counters and the way they work. Pls guide me along.

Sorry but 1 more question, so could i actually say that the cash from the sale of the properties are actually coming into the company just that it is not reflected on the balance sheet but on the cash flow?

It should appear on the balance sheet but it is very likely that the company is using the cash to pay down the loans made to buy the 2 plots of land

(14-10-2013, 11:09 PM)8ALEX8 Wrote: [ -> ]Thanks Jacmar and yeokiwi, really grateful for all your help to answering my questions.

I'm very new and unfamiliar to property counters and the way they work. Pls guide me along.

Sorry but 1 more question, so could i actually say that the cash from the sale of the properties are actually coming into the company just that it is not reflected on the balance sheet but on the cash flow?

It is reflected on the balance sheet as monies received in advance. You can see it in the disclosure notes to trade and other payables. This portion of the payables represent cash receipts for which revenues are not yet recognized.