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PLR (Prime Lands) Next Value counter.. Fair Value Rs 20

+10
God Father
nilantha suranga
Citizen Silva
sakuni
ddrperera
sureshot
Anushka Perz
samansilva
ashan silva
Dasun Maduwantha
14 posters

Reply to topic

Go down  Message [Page 1 of 1]

Dasun Maduwantha


Equity Analytic
Equity Analytic

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Plr_2210

ashan silva


Stock Analytic
Stock Analytic

Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..

samansilva


Manager - Equity Analytics
Manager - Equity Analytics

ashan silva wrote:Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..
PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Plr_im10

Anushka Perz


Equity Analytic
Equity Analytic

ashan silva wrote:Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..
Previous time when ASI peak 10,000 level ,PLR stood at 10.50-11 level.. 
company performance also increase..  think and collect... Shocked Shocked

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

I Agree with you . This Should move above 10/= 

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

sureshot wrote:I Agree with you . This Should move above 10/= 
PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Plr_aa10

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Plr11

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

Relevant sources  mentioned Second Quarter  PLR earned 707,802,108 profit with  EPS 0.75.

Then first quarter 0.62

Second Quarter 0.75

Total EPS of half year 1.37

Annualise  EPS 1.37*2 =2.74      

nilantha suranga likes this post

ADVENTUS and Citizen Silva dislike this post

Citizen Silva


Equity Analytic
Equity Analytic

sakuni wrote:

Relevant sources  mentioned Second Quarter  PLR earned 707,802,108 profit with  EPS 0.75.

Then first quarter 0.62

Second Quarter 0.75

Total EPS of half year 1.37

Annualise  EPS 1.37*2 =2.74      


Don't be fooled, massive liabilities, overvalued inventories and construction contracts below costs.

nilantha suranga


Equity Analytic
Equity Analytic

ddrperera wrote:
sureshot wrote:I Agree with you . This Should move above 10/= 
PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Plr_aa10



Net Asset Near 10 
EPS 3.23 for six months..
super counter... cheers cheers cheers
Target Price 15+
Dividend Rs 1 on the way..

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Performance Indicators

Prime Lands Residencies (PLR) - Latest Results
2Q EPS: LKR 2.67
1H EPS: LKR 3.23
Trailing Full Year EPS: 4.31
Current Market Price LKR 7.20
PER: 1.6X
Net Asset Value Per Share (NAVPS): LKR 9.72
PBV: 0.74

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Scree153


https://www.srilankachronicle.com/t62813-prime-land-residencies-plr-n0000-record-phenomenal-profits-in-2q2022#405833

Danuka's Prediction
#PLR fair value calculation based on financials. Rev +285%, OP +371%. Unexpected results may improve the market price unexpectedly. EPS improved 4.5time than then usual.

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Fhv_8w10

https://twitter.com/danukalive/status/1591319705683628032?s=20&t=Y0ltJwIY3ro0kP-fEF2bFw

sakuni likes this post

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

ashan silva wrote:Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..
NEXT ROCKET.

shiraz latiff


Equity Analytic
Equity Analytic

Prime land foreign expansion in Dubai and Australia. pending dividend around 0.75
Net Asset 10
EPS over 4.5

Anushka Perz


Equity Analytic
Equity Analytic

shiraz latiff wrote:

Prime land foreign expansion in Dubai and Australia. pending dividend around 0.75
Net Asset 10
EPS over 4.5

12++ superb counter..

samansilva


Manager - Equity Analytics
Manager - Equity Analytics

Anushka Perz wrote:
shiraz latiff wrote:

Prime land foreign expansion in Dubai and Australia. pending dividend around 0.75
Net Asset 10
EPS over 4.5

12++ superb counter..



pending dividend Rs 1.20..  Very Happy Very Happy calm and collect.

Shiranli


Equity Analytic
Equity Analytic

samansilva wrote:
Anushka Perz wrote:
shiraz latiff wrote:

Prime land foreign expansion in Dubai and Australia. pending dividend around 0.75
Net Asset 10
EPS over 4.5

12++ superb counter..



pending dividend Rs 1.20..  Very Happy Very Happy calm and collect.


PLR will post 1.5 Billion profit for 3rd quarter with EPS 1.5..Total EPS 4.7 with 4.5 Billion profit..
The dividend may be  Rs 2..

DeepFreakingValue

DeepFreakingValue
Manager - Equity Analytics
Manager - Equity Analytics

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Scree268


Prime Lands Residencies PLC (PLR) future profitability and growth is mainly dependent on the company ability to sell current properties and to embark on new development projects in the backdrop of current economic crisis faced by the country. Increase in cost of construction due to import restriction and high labour costs coupled with lower demand for apartments from the domestic buyers due high interest cost and reduction in the purchasing power of the apartment buyers is likely to result in lower than expected growth during next quarter.

Prime Group has ongoing and completed projects with a portfolio of 29+ individual housing projects, land projects spread across 18 districts in the country and 41+ apartment projects located in Colombo and the suburbs.

Prime Lands Residencies PLC has been rated by the Independent Rating Agency ICRA (Subsidiary of Moody’s Investors Service) from [SL] A- (stable) to [SL] A (stable) in April 2022. Upgrading the credit rating during a time when the industry is facing adverse head winds from both the macro and micro environment is exceptional.

According to the information collected through the Condominium Market Survey conducted by the Central Bank of Sri Lanka, the drop in sale of new condominiums observed during Q2, 2022 continued in the Q3, 2022 as well.

For the quarter ended 30th September 2022, Prime Land Residencies PLC (PLR) reported an exceptional earnings of LKR 2,441mn or LKR 2,61 per share due to extraordinary increase in sales from LKR 4,624mn in 1Q22 to LKR 9,279mn in 2Q22. This is mainly as a result of the sales and profits generated from handing over of 2 key projects in Colombo during the quarter. However this has resulted in a decrease of inventory properties of the company by LKR 3,147mn and further decrease of LKR 1,639mn in customer advance collection during the quarter ended 30th September 2022.

Further as per the latest financial statement, the cash and cash equivalents balance of PLR as at 30th September 2022 was LKR 3,009mn or LKR 3.21 per share which would be more than sufficient cash for the company to declare dividends to its shareholders in 2023.

However we do not expect such exceptional increase in sales and profit during balance half of the financial year. As given in Schedule-1, we have assumed a quarter on quarter growth projection of 30% with the corresponding quarterly earnings. Accordingly we expect PLR to report annual earnings per share of LKR 4.63 for the year ended 31st March 2023 with an attractive Prices to earnings (PER) multiple of 1.4x at the current market price of LKR 6.50 per share.

Further with the expected growth in the second half of the year, th Book Value (BV) of PLR which is currently at LKR 9.67 per share expected to increase to LKR 11.07 per share by 31st March 2023. Accordingly PLR share is currently trading at 33% discount to Book Value (BV) and 41% discount to future book value.


Enlarge this imageClick to see fullsize
PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  B351c710

This document is prepared for the purpose of evaluation and therefore should not be used for investment.

Download Link: https://easyupload.io/6sg7gb

ashan silva


Stock Analytic
Stock Analytic

Shiranli wrote:
samansilva wrote:
Anushka Perz wrote:
shiraz latiff wrote:

Prime land foreign expansion in Dubai and Australia. pending dividend around 0.75
Net Asset 10
EPS over 4.5

12++ superb counter..



pending dividend Rs 1.20..  Very Happy Very Happy calm and collect.


PLR will post 1.5 Billion profit for 3rd quarter with EPS 1.5..Total EPS 4.7 with 4.5 Billion profit..
The dividend may be  Rs 2..




YES, THE DIVIDEND PER SHARE IS AROUND RS 2. RETURN  ON INVESTMENT 30% 

sakuni


Manager - Equity Analytics
Manager - Equity Analytics

God Father wrote:Performance Indicators

Prime Lands Residencies (PLR) - Latest Results
2Q EPS: LKR 2.67
1H EPS: LKR 3.23
Trailing Full Year EPS: 4.31
Current Market Price LKR 7.20
PER: 1.6X
Net Asset Value Per Share (NAVPS): LKR 9.72
PBV: 0.74

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Scree153


https://www.srilankachronicle.com/t62813-prime-land-residencies-plr-n0000-record-phenomenal-profits-in-2q2022#405833

Danuka's Prediction
#PLR fair value calculation based on financials. Rev +285%, OP +371%. Unexpected results may improve the  market price unexpectedly. EPS improved 4.5time than then usual.

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Fhv_8w10

https://twitter.com/danukalive/status/1591319705683628032?s=20&t=Y0ltJwIY3ro0kP-fEF2bFw


super duper dividend from PLR..wait and see... Smile Smile Smile over 25% better than FD

Shiranli


Equity Analytic
Equity Analytic

sakuni wrote:
God Father wrote:Performance Indicators

Prime Lands Residencies (PLR) - Latest Results
2Q EPS: LKR 2.67
1H EPS: LKR 3.23
Trailing Full Year EPS: 4.31
Current Market Price LKR 7.20
PER: 1.6X
Net Asset Value Per Share (NAVPS): LKR 9.72
PBV: 0.74

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Scree153


https://www.srilankachronicle.com/t62813-prime-land-residencies-plr-n0000-record-phenomenal-profits-in-2q2022#405833

Danuka's Prediction
#PLR fair value calculation based on financials. Rev +285%, OP +371%. Unexpected results may improve the  market price unexpectedly. EPS improved 4.5time than then usual.

PLR (Prime Lands) Next Value counter.. Fair Value Rs 20  Fhv_8w10

https://twitter.com/danukalive/status/1591319705683628032?s=20&t=Y0ltJwIY3ro0kP-fEF2bFw


super duper dividend from PLR..wait and see... Smile Smile Smile over 25% better than FD



yes  EPS 3.5+

ashan silva


Stock Analytic
Stock Analytic

ashan silva wrote:Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..

yes, Dividend will  Rs 2.. Very Happy Very Happy..

Nandana Withanage


Equity Analytic
Equity Analytic

ashan silva wrote:
ashan silva wrote:Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..

yes, Dividend will  Rs 2.. Very Happy Very Happy..

yes same news got ..25% Dividend Gain Amazing Share..

Anushka Perz


Equity Analytic
Equity Analytic

Nandana Withanage wrote:
ashan silva wrote:
ashan silva wrote:Dubai country expansion...this is future super star.
.rumours mentioned profit achived over 600% ..

yes, Dividend will  Rs 2.. Very Happy Very Happy..

yes same news got ..25% Dividend Gain Amazing Share..

EPS 4  and dividend around Rs 2.... Very Happy Very Happy Target Price Rs 12+ collect as much as possible..

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