GL Limited (formerly: Guoco Leisure)

[propertyinvestor]

UK is still in recession and property price is dropping....NAV should reduce as valuation drop if I am right........

Only consider this if it drops further....

You are right, why should all these analists be so kind to us and not to their big clients ?
Looks like the only catalyst of this stock is the purchases by QLC , otherwise price and trading will remain dull despite deep discount to NAV.

Nope you are wrong. Its stated very clearly in the annual report that the Hotel assets are classified under PPE.

The company has also not booked in any revalution surplus into the balance sheets for the past years as hotel assets classified under PPE are not required to be revalued for the purpose of measuring revalution surplus but for impairment or depreciation only.

As the hotel assets were bought many years ago, the cost of those hotels are very low. If they were to be marked to market, it would be worth at least twice than what is stated on the books.

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You are right, why should all these analists be so kind to us and not to their big clients ?
Looks like the only catalyst of this stock is the purchases by QLC , otherwise price and trading will remain dull despite deep discount to NAV.

Im sure it will go up, occuapancy for Guoman brand hotels are 99% this weekend. Give them a call and ask for a room