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dilip.r
Senior Member
Joined: 15/May/2010
Location: India
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Posts: 234
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   Posted: 09/Aug/2010 at 3:56pm |
How good is the managment ?
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ravi
Senior Member
Joined: 26/Nov/2007
Location: India
Online Status: Offline
Posts: 100
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Posted: 09/Aug/2010 at 7:00pm |
Originally posted by chimak10
Okay i am somewhat interested party what is the Current NAV and projected NAV by GS.
I have no opinion about the recent purchases or where they will lead.
I am from mumbai and also in the RE sector as a contractor but completely lost where the property prices will lead. As in our circle we keep talking about bubble theory.
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asper the projections chimakji property prices are expected to fall in 2011 and 2015. DLF is expected to experience teething challenges. Indiabulls seems to be high on steroids as always...
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FutureBull
Senior Member
Joined: 06/Feb/2009
Location: India
Online Status: Offline
Posts: 1868
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Posted: 09/Aug/2010 at 11:35pm |
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Chimakji,
any idea about landbank of godrej group and your view on godrej prop.
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‘The market always does what it’s supposed to — BUT NEVER WHEN’.
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chimak10
Senior Member
Joined: 30/Aug/2007
Location: India
Online Status: Offline
Posts: 1540
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Posted: 11/Aug/2010 at 9:36am |
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I have absolutely no view......... but RD loves it a lot and RJ is not bearish on land ( Plus he respects Godrej management ) manish chokhani is super bullish on RE sector.
So the gurus love it ........you take the call.
Does anyone have any new report from ENAM about Real estate sector ???????
Edited by chimak10 - 11/Aug/2010 at 9:40am
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dilip.r
Senior Member
Joined: 15/May/2010
Location: India
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Posts: 234
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Posted: 12/Aug/2010 at 2:07pm |
Accounting Policy for revenue recognition very conservative.
if 20% of project sold and 30% of actual construction cost (excluding land) have been incurred then 20% of 30 = 6% revenue is recognised.
and for expense
all operationa and establishment exp is incurrend in the period they are incurred.
Edited by dilip.r - 12/Aug/2010 at 2:07pm
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dilip.r
Senior Member
Joined: 15/May/2010
Location: India
Online Status: Offline
Posts: 234
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Posted: 12/Aug/2010 at 2:11pm |
Considering above case.
if 20% of project is sold and 30% completed then only 6% of revenue is recognised, whereas 30% of expenditure is recognised. ??
Maching principle for accouting missing here ? im i right ???
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 12/Aug/2010 at 2:54pm |
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Real Estate sector itself is not transparent, so better not to talk about accounting policies... but looking at the current land and property prices, the real estate sector leading stocks are going very cheap,the whole sector outlook is bearish and I fail to understand when the property prices are so high, there is no reason for the stocks to under perform.
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India_Bull forever Bull !
www.kapilcomedynights.com
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tigershark
Senior Member
Joined: 13/Oct/2006
Location: India
Online Status: Offline
Posts: 3542
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Posted: 12/Aug/2010 at 3:40pm |
Originally posted by India_Bull
Real Estate sector itself is not transparent, so better not to talk about accounting policies... but looking at the current land and property prices, the real estate sector leading stocks are going very cheap,the whole sector outlook is bearish and I fail to understand when the property prices are so high, there is no reason for the stocks to under perform. |
horses that have already run in the last leg of the bull run tend to fall behind when a new run up starts is a general trend seen in equity mkts.(they may catch up but dlfs , unitechs, and parsvanaths along with the reliance pack were the darlings of 2006-2007)
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understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things
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