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EXCHANGE RATE PREDICTION: 2022

Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_lcap16%Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_rcap 16% [ 43 ]
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_lcap21%Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_rcap 21% [ 58 ]
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_lcap30%Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_rcap 30% [ 83 ]
Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_lcap34%Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022 Vote_rcap 34% [ 93 ]

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022

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

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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


Manager - Equity Analytics
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

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