Friday (22-10-21) has the greatest volume of 200,877 shares done so far, Monday (18-10-21) 52,880 shares done , (20-09-21) 40,200 shares done. the rest of the days all below 30,000 shares done. may be good news is coming. expect the company makes very good profit for the quarter ended 30-10-21. (Houses completed and delivered)
Something good is brewing, for sure. Highest volume in quite a while compared to previous days/weeks. !! .
Here are the positives:
a) Last Qtr push to deliver units - translate to higher sales, profits for yr end 21 & hopefully bumper dividends.
b) Reduce borrowings with incoming cash-flow. Lower gearing, lower interest costs.
c) BTR projects doesn't need huge capital outlay cos financed by insurance company/investor and paid according to stages of completion. Different from open mkt sales - after delivery only receipt of $$ and huge bank borrowings in interim.
d) UK market for houses are short of ~ 1 million units unlike overbuilt Msia scenario. Huge potential for those with landbanks ( EWI has enough to last a decade). Building into a mkt deficit. is always a boon for developers.
e) No need for 10% mandatory bumi discount unlike locally . They can sell to all and sundry at mkt price. No price differentiations, only quality differentiations. Best player wins.
f) No hidden gomen agenda, clear property act, land and legal laws. No flip-flops and sudden surprises. Lower cost of doing business. Translates into higher profits.
g) High inflation - property play in motion. Recent trends indicate drift towards property as an asset class to shield against inflationary pressures. Demand curve in UK versus oversupply locally.
h) Last few years experience in UK/Aus will lend a load of expertise to navigate for future. No other Msian listed company has abv mgmt & qualities & landbank to deliver.
Strong demand in the capital boosting London’s property prices
Sustained demand from London property buyers during October has seen a 22% increase in the number of offers being made and a 26% uplift in agreed sales compared to September, according to analysis from estate agency, Chestertons.
At the same time, the market remains under pressure as supply continues to nudge down with 18% fewer properties available for sale in October than the previous month.
Coming dividend should be delicious. Downsides limited. Upsides gonna wait for next few years as their property management services start to scale up. Good dividend while waiting for EWINT to go above IPO price. Have faith in the founder. This is another SP Setia in the making but better
Additional incentives given to purchasers of completed units within the EcoWorld Ballymore portfolio and higher commission to agents to accelerate sales - this resulted in stronger sales and higher reservations received
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnt299
167 posts
Posted by Johnt299 > 2021-10-15 09:11 | Report Abuse
gogogo ! Aleh ! Aleh!...hahaha