VMT

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12.0¢ vmoto limited

Ann: Vmoto's 4Q23 Market Update, page-59

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Mr.Lumin

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02/02/24

13:25

Post #: 72205147
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Originally posted by MTV: ↑

Another thing.

Back in the day when I was in Singapore, Chinese delegations were visiting there to see how they did things. The Chinese subsequently based their development on the Singaporean model. Their approach of planning and building complete cities as one giant project is exactly what I saw in Singapore, albeit on a larger scale.

The Chinese land-use rights likewise appear to be modeled on the Singaporean system. The article from the Vanderbilt Journal of Transnational Law cited by @Mr.Lumin appears to be focused on residential land and possible renewal valuation scenarios. One thing they seem to overlook (I've only skip read it, so maybe the haven't) is that Chinese increasingly live in high-rise apartments. Australians are used to the land beneath their home being worth about half of the improved property value, but for someone living in a typical 20 storey apartment complex in China, it is only going to be a few percent. So for many Chinese the cost of land-use renewal is not going to be a big issue.

As for what is likely to happen in regard to commercial and Industrial land, here is an extract from the Vanderbilt article:

The take-home is that there is no right of renewal on the Nanjing properties. If renewal is ever granted (a big if, if Singapore is any guide), it will be on terms decided by the authorities. In coming to their decision they will take into account the building (it's state of repair, how dated it looks, and feasibility of refurbishment), plus the nature of the land use and how it fits with their regional plan. Any renewal period will likely be much shorter than the original term.

My working assumption is that the factories will return to the Nanjing municipality upon expiry of the land-use rights. However, as others have pointed out, on a forward discounted valuation basis, it makes no real difference to the current value of the company.

All IMO.

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There is a fair bit of talk in that article directed at commercial property too. Just FYI.

VMT Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 12.0¢		Change 0.005(4.35%)		Mkt cap ! $50.18M

Open	High	Low	Value	Volume
11.5¢	12.0¢	11.5¢	$10.64K	88.89K

Buyers (Bids)

No.	Vol.	Price($)
1	11384	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	99069	6

View Market Depth

No.	Vol.	Price($)
1	11384	0.120
9	202811	0.115
2	70000	0.110
2	58257	0.105
2	16500	0.100

Price($)	Vol.	No.
0.125	90936	5
0.130	386570	2
0.135	94459	2
0.140	572189	3
0.145	55000	2

Last trade - 14.28pm 11/10/2024 (20 minute delay)

VMT (ASX) Chart

Ann: Vmoto's 4Q23 Market Update, page-59

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Ann: Vmoto's 4Q23 Market Update, page-59

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