13-09-2013, 12:28 AM
Consider good or bad?
13-09-2013, 12:28 AM
Consider good or bad?
13-09-2013, 08:46 AM
(21-08-2013, 02:45 PM)Jacmar Wrote:(21-08-2013, 02:05 PM)guru Wrote: What does short squeeze means? 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?
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
14-10-2013, 05:39 PM
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, 05:56 PM
(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 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.
14-10-2013, 06:08 PM
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, 10:10 PM
(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. 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.
14-10-2013, 10:44 PM
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?
14-10-2013, 11:09 PM
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?
14-10-2013, 11:31 PM
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. 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. |
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