Subscribe to this topicForums > Kush Islands Public Forum > Topic: HOT NAV
| Mar 16th, 04:06 Spm Aviatik |
HOT NAV | |
| According to my records HOT NAV (Equity i.e. Assets-Liabilities) as stated during the old WSE days was L$ 2.6 mio. Now according to the latest financials posted it is just 0.4 mio. Can the management explain the discrepancy? If 0.4 was true the HOT stock price would be grossly overvalued trading at 13 times book value... Can the management post the historical financials from pre-SLCapex times not only the latest ones? It would be nice to be able to see some trends. |
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| Mar 16th, 07:46 Rockwell Ginsberg |
Re: HOT NAV | |
| Historical Financials: ------------------------- 15 Aug 2007 to 15 Sep 2007 Report Posted: September 25, 2007 Period From: August 15, 2007 Period To: September 15, 2007 Covering: 31 days Revenue: L$531033.00 Expenditure: L$324500.00 Earnings: L$206533.00 CAPEX: L$0.00 Land Owned: sqm. Land Value: L$0.00/sqm. Buildings Value: L$0.00 Equipment Value: L$0.00 Inventory Value: L$0.00 Cash on Hand: L$0.00 Investments: L$0.00 Debtors: L$0.00 Liabilities: L$0.00 ----- 16 Sep 2007 to 15 Oct 2007 Report Posted: October 18, 2007 Period From: September 16, 2007 Period To: October 15, 2007 Covering: 29 days Revenue: L$519616.00 Expenditure: L$324500.00 Earnings: L$195116.00 CAPEX: L$460625.00 Land Owned: 327680.0 sqm. Land Value: L$4.00/sqm. Buildings Value: L$0.00 Equipment Value: L$0.00 Inventory Value: L$195000.00 Cash on Hand: L$500000.00 Investments: L$0.00 Debtors: L$0.00 Liabilities: L$318894.00 ----- 16 Oct 2007 to 14 Nov 2007 Report Posted: November 15, 2007 Period From: October 16, 2007 Period To: November 14, 2007 Covering: 29 days Revenue: L$841489.00 Expenditure: L$506095.00 Earnings: L$335394.00 CAPEX: L$0.00 Land Owned: 327680.0 sqm. Land Value: L$6.00/sqm. Buildings Value: L$0.00 Equipment Value: L$0.00 Inventory Value: L$0.00 Cash on Hand: L$500000.00 Investments: L$0.00 Debtors: L$0.00 Liabilities: L$78334.00 ----- 15 Nov 2007 to 14 Dec 2007 Report Posted: December 15, 2007 Period From: November 15, 2007 Period To: December 14, 2007 Covering: 29 days Revenue: L$654245.00 Expenditure: L$433421.00 Earnings: L$220824.00 CAPEX: L$0.00 Land Owned: 589824.0 sqm. Land Value: L$4.00/sqm. Buildings Value: L$0.00 Equipment Value: L$0.00 Inventory Value: L$0.00 Cash on Hand: L$0.00 Investments: L$0.00 Debtors: L$0.00 Liabilities: L$0.00 ----- 15 Dec 2007 to 14 Jan 2008 Report Posted: January 15, 2008 Period From: December 15, 2007 Period To: January 14, 2008 Covering: 30 days Revenue: L$769539.00 Expenditure: L$493432.00 Earnings: L$276107.00 CAPEX: L$0.00 Land Owned: 589824.0 sqm. Land Value: L$5.00/sqm. Buildings Value: L$0.00 Equipment Value: L$0.00 Inventory Value: L$0.00 Cash on Hand: L$276107.00 Investments: L$0.00 Debtors: L$0.00 Liabilities: L$112346.00 ----- 15 Jan 2008 to 14 Feb 2008 Report Posted: February 16, 2008 Period From: January 15, 2008 Period To: February 14, 2008 Covering: 30 days Revenue: L$648499.00 Expenditure: L$491192.00 Earnings: L$157307.00 CAPEX: L$0.00 Land Owned: 589824.0 sqm. Land Value: L$4.00/sqm. Buildings Value: L$0.00 Equipment Value: L$0.00 Inventory Value: L$0.00 Cash on Hand: L$177042.00 Investments: L$74999.00 Debtors: L$0.00 Liabilities: L$0.00 |
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| Mar 16th, 07:49 Rockwell Ginsberg |
Re: HOT NAV | |
| We decided to stop reporting "Land Owned" (total area of our islands - an item on the WSE reporting tool), and start reporting "Inventory" (actual land in our possession, at fair market value). We believe this method of reporting is more conservative and better reflects our business model. Let us know if you have any further questions. Thanks |
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