Posted by mking77 > 2014-12-07 21:24 | Report Abuse

How big the landbank it has?

Posted by JT Yeo > 2014-12-08 04:28 | Report Abuse

With a company this small, generating 5mil FCF from friction materials, let's says they took all 5mil into expanding future landbank, leaving no maintenance capex to friction materials, how big a land can you buy with 5mil these days? not including development cost, it is just a matter of time they will start use up all the net cash and increase borrowing.

Posted by djibaok > 2014-12-09 16:16 | Report Abuse

if the landbank is in perlis then I think the size should be big