Kelsey Developments Land Purchase Analysis View

smallville · 1 Kelsey Developments Land Purchase Analysis View Wed Feb 26, 2014 3:18 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10117
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

6 acre property at 7, De Soysa Mawatha, Mount Lavinia bought for Rs.571.2 Mn

Originally owned by Carsons - Equity One PLC.

Equity One PLC 2013 Annual Report notes - Cost is Rs.624 Mn but valuation in 2013 is Rs.470 Mn. - they had a few loans also obtained by mortgaging the same property. The Equity One's borrowings from Carsons are Rs.751.7 Mn according to disclosure.Equity One has got Rs.54.8 Mn less than the historical cost of the land.

Equity One had a project called 'Metropolis' to built 221 apartments in first phase and few more in second phase in the same land of Mount Lavinia which is now not possible.

Kelsey is launching a housing project as per the new disclosure.

What are your views? Members...

Jiggysaurus · 2 Re: Kelsey Developments Land Purchase Analysis View Wed Feb 26, 2014 3:54 pm

Jiggysaurus

Assistant Vice President - Equity Analytics

Posts : 962
Equity Stars : 6358
Reputation : 68
Join date : 2012-06-14

Wow the more refined new pro negative Ville is back.

Ville how about putting one of your tech charts for KDL?

D.G.Dayaratne · 3 Re: Kelsey Developments Land Purchase Analysis View Wed Feb 26, 2014 4:09 pm

D.G.Dayaratne

Senior Vice President - Equity Analytics

Posts : 2021
Equity Stars : 8715
Reputation : 57
Join date : 2011-12-13
Location : Kotte

Smallville I am very happy to see your posting. We need people like you

I think this is a specimen case to study the professional level of accountants and Auditors. in this country

One reason for Thailand economic crises some time back was law level Professional standard of Accountants and Auditors

Last edited by D.G.Dayaratne on Wed Feb 26, 2014 4:16 pm; edited 2 times in total (Reason for editing : correction)

balapas · 4 Re: Kelsey Developments Land Purchase Analysis View Wed Feb 26, 2014 4:22 pm

balapas

Senior Manager - Equity Analytics

Posts : 359
Equity Stars : 5069
Reputation : 26
Join date : 2011-07-25
Age : 44

D.G this is not Smallville he is at another forum. The new owners have hijacked his ID using admin privileges available. Do you see this as Smallville writing style after on this forum for 2 years?

econ · 5 Re: Kelsey Developments Land Purchase Analysis View Wed Feb 26, 2014 4:40 pm

econ

Global Moderator

Posts : 1479
Equity Stars : 8436
Reputation : 94
Join date : 2011-01-27

It seems that land prices are going down..

D.G.Dayaratne · 6 Re: Kelsey Developments Land Purchase Analysis View Thu Feb 27, 2014 9:49 am

D.G.Dayaratne

Senior Vice President - Equity Analytics

Posts : 2021
Equity Stars : 8715
Reputation : 57
Join date : 2011-12-13
Location : Kotte

If some one use 'smallville 'with details what he has earned during the past period (posts 4161.... etc) that is not ethical

I think present management will reconsider this problem