09-10-2014, 11:40 PM
(09-10-2014, 04:30 PM)propertyinvestor Wrote:(09-10-2014, 01:20 PM)specuvestor Wrote: Thanks Propertyinvestor.
What is the margin and profit contribution you looking at in Xuzhou to achieve this RNAV given the conditions in China now and LCD book of ~27cts?
His cost is not relevant since he is still buying now at 29cts while Lum sold at 30cts
Assuming the WHOLE project (retail/hotel) is completed and all residential units are sold, the RNAV will be 56-61cents.
Assuming just the residential is completed with half the units handed successfully over to buyers, RNAV will be 35-41cents.
wow!
that looks like a lot of good value still then