robust revenue to be booked this half

I'll try again... wrong forum.


I was reviewing the last UOS presentation (4th march), and one piece of information jumped out at me that I had previously not noticed.

That is, UOS has already pre-sold, but not billed, A$200m worth of sales (for whom much of the costs have already been borne). Furthermore, I looked through the completion dates, and much of this will be booked in this half:

MENARA UOA BANGSAR HIGH TOWER (UOS 51%)

Pre-Sold 86% - Value A$150m (A$76.5 to UOS)

COMPLETION DATE - 2nd QTR 2009.


HORIZON @ BANGSAR SOUTH (UOS 100%)

Pre-Sold 62% - Value A$122m

COMPLETION DATE - 2nd QTR 2009.


It would seem likely that well in excess of A$100m of revenue will be booked this half.
As per the same presentation, the Gross Margin on these sales is 40%.

UOS, with its VERY conservative gearing and ridiculously low share price, continues to trade strongly, even in the current environment.

Happy researching...

Y