LHN Limited:
LHN intends to distribute no less than 20% of its profit for FY2015 and FY2016.
9MFY2015's net profit is $3.3 million. Assuming 0 contribution from Q4FY2015, 20% of S$3.3 million is S$0.66 million or $0.0018 per share ( based on share capital of 361.5 million shares. )
Interestingly, the founder's cost is $0.119 as stated in the prospectus.
Pre-ipo investors at $0.1783 , and new investors at IPO is $0.23.
Its cash level on 30th June stands at S$32.2 million or $0.089 cts. Net asset at $0.15.
At a share price of $0.14 on 5th Nov, we are basically buying LHN's business for $0.051.
Its client is Far East orgainstaion, Cambridge REIT, SLA, Mapletree and Oxley Group which are the main clients. With Logistics business & Facility Management revenue coming in, LHN looks like a good candidate to own in 2015 and beyond.
With a IPO price of 23cts, and year high of 26cts, LHN is now 46% off its year high and 40% off its IPO price,
I believe at $0.14 , LHN is looking to be a bargain.
LHN is a real estate management services group with the ability to generate value for its
landlords and tenants through the expertise in space optimisation. Under our Space Optimisation Business, LHN leases and manages a diverse portfolio of industrial, commercial and residential properties, complemented by its Facilities Management Business. LHN also provides logistics services under its Logistics Services Business.LHN intends to distribute no less than 20% of its profit for FY2015 and FY2016.
9MFY2015's net profit is $3.3 million. Assuming 0 contribution from Q4FY2015, 20% of S$3.3 million is S$0.66 million or $0.0018 per share ( based on share capital of 361.5 million shares. )
Interestingly, the founder's cost is $0.119 as stated in the prospectus.
Pre-ipo investors at $0.1783 , and new investors at IPO is $0.23.
Its cash level on 30th June stands at S$32.2 million or $0.089 cts. Net asset at $0.15.
At a share price of $0.14 on 5th Nov, we are basically buying LHN's business for $0.051.
Its client is Far East orgainstaion, Cambridge REIT, SLA, Mapletree and Oxley Group which are the main clients. With Logistics business & Facility Management revenue coming in, LHN looks like a good candidate to own in 2015 and beyond.
With a IPO price of 23cts, and year high of 26cts, LHN is now 46% off its year high and 40% off its IPO price,
I believe at $0.14 , LHN is looking to be a bargain.
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