FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» FINANCE AND LEASING SECTOR
by SL-INVESTOR Today at 12:48 am

» HSENID BUSINESS SOLUTIONS PLC (HBS.N0000)
by ErangaDS Wed Jun 19, 2024 9:21 pm

» How will proposed Tax Reforms affect Sri Lankans in 2025
by Quibit Wed Jun 19, 2024 9:27 am

» Alibaba & 23 Thieves
by ChooBoy Wed Jun 19, 2024 12:23 am

» Falsified accounts and financial misrepresentation at Arpico Insurance PLC (AINS)
by ChooBoy Tue Jun 18, 2024 11:31 pm

» Impact of IMF reforms to Sri Lanka Economy
by D.G.Dayaratne Mon Jun 17, 2024 6:36 pm

» Richard Pieris Finance Ltd continue to endanger the Depositors with negative performance
by ddindika Mon Jun 17, 2024 3:17 pm

» Richard Pieris Group: Mismanaged?
by Biggy Sun Jun 16, 2024 10:02 am

» Richard Pieris Exports reports 97% decline in Net Profits
by Biggy Sat Jun 15, 2024 11:26 am

» Do your own Stock Market Research using AI Tools
by Quibit Fri Jun 14, 2024 10:50 am

» What will happen tomorrow?
by cheetah Thu Jun 13, 2024 12:07 pm

» Focus on Government controlled entities
by ErangaDS Mon Jun 10, 2024 4:15 pm

» Colombo Stock Market: Over Valued against USD!
by God Father Mon Jun 03, 2024 3:17 pm

» Financial Woes at Richard Pieris Group
by DeepFreakingValue Sat Jun 01, 2024 11:29 pm

» Report a Tax Evasion and Get Rewarded upto 15%
by God Father Fri May 31, 2024 11:51 am

» LankaGPT Platform Launched in Sri Lanka
by God Father Wed May 29, 2024 11:46 pm

» Sri Lanka’s Popularity Is Surging With Travelers. Here’s Where To Go
by ResearchMan Wed May 29, 2024 1:10 pm

» CDB Non voting
by buddikasmart Wed May 29, 2024 8:03 am

» Will share market be taxed after new Gazette
by D.G.Dayaratne Mon May 27, 2024 2:14 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Mon May 27, 2024 7:29 am

» Seylan Bank did not pay final coupon of expired debentures
by Gaudente Wed May 22, 2024 2:32 pm

» Sri Lanka: Stock Market Fraudsters with Criminal Prosecutions
by agentnrox Wed May 22, 2024 1:50 pm

» Richard Pieris Exports PLC (REXP.N0000) future looks bleak!
by God Father Mon May 20, 2024 10:08 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022

5 posters

Go down  Message [Page 1 of 1]

DeepFreakingValue

DeepFreakingValue
Manager - Equity Analytics
Manager - Equity Analytics

Prime Land Residencies (PLR.N00) sells LKR 3.1bn worth of investment properties to record phenomenal profits in 2Q2022.  As shown in the cash flow statement of PLR, the total collections from customer advances decreased by LKR 1.6bn. This implicate that sales have been recorded by PLR during 2Q without collecting sufficient advance payments from customers on extended credit terms.

It is important to note that current day investors are well are aware of various accounting gimmicks done by company owners to show accounting profits without any cash benefits to show performance and to secure bank borrowings.
Eg. Higher inventory valuations to show phenomenal profits at LWL.
https://www.srilankachronicle.com/t62799-lanka-walltiles-lwl

Therefore PLR and its sales team will now face the daunting task of turning these fake sales into real cash in future and to rebuild investor confidence after the failed IPO pricing.

Latest Cashflow Statement
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Screen64

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

Latest Asset Position of PLR

Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Screen62

Latest Earnings
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Screen63

Top 20 Shareholders
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Scree150

https://cdn.cse.lk/cmt/upload_report_file/2279_1668139489772.pdf

Technical Analysis of PLR
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Plr10


Condominium Market Survey : 2nd Quarter of 2022

According to the information collected through the Condominium Market Survey1 conducted by the Central Bank of Sri Lanka, sale of new condominiums has witnessed a sharp decline during Q2, 2022 as shown in the Condominium Property Volume Index. The index which measures the trend of number of new condominium sales, declined by 51 per cent compared to the corresponding period of 2021, while recording a significant decline of 84 per cent on Quarter-on-Quarter. The notable increase in bank interest rates has hindered the affordability of credit among potential condominium buyers. At the same time, the uncertain economic conditions that loomed during the quarter due to the energy crisis have also played a major role in delaying purchase decisions among buyers.

Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Scree151

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/statistics/real_estate_market_analysis_2022_q2.pdf

nilantha suranga dislikes this post

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Valuation based on latest 2Q Earning of PLR
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Fhv_8w11
https://twitter.com/danukalive/status/1591319705683628032?s=20&t=Y0ltJwIY3ro0kP-fEF2bFw

Anushka Perz


Senior Equity Analytic
Senior Equity Analytic

God Father wrote:Valuation based on latest 2Q Earning of PLR
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Fhv_8w11
https://twitter.com/danukalive/status/1591319705683628032?s=20&t=Y0ltJwIY3ro0kP-fEF2bFw

I heard their biggest project prime Grand was almost sold out,we might see some windfall profits when PLR received  payments after completion of project.
Reasonable price for PLR 12+

ddrperera


Vice President - Equity Analytics
Vice President - Equity Analytics

Anushka Perz wrote:
God Father wrote:Valuation based on latest 2Q Earning of PLR
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Fhv_8w11
https://twitter.com/danukalive/status/1591319705683628032?s=20&t=Y0ltJwIY3ro0kP-fEF2bFw

I heard their biggest project prime Grand was almost sold out,we might see some windfall profits when PLR received  payments after completion of project.
Reasonable price for PLR 12+

what ever guys mentioned negatived comments PLR real GEM ..Land and real sector run  soon..

rukshan1234


Manager - Equity Analytics
Manager - Equity Analytics

Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Plr_se10

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum