GREY:EDYYF - Post by User
Comment by
Hejhogon Sep 10, 2018 9:53am
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Post# 28589314
RE:RE:RE:RE:RE:RE:RE:net profit
RE:RE:RE:RE:RE:RE:RE:net profitThe Release states:
"The EHT/UCI joint venture currently estimates a net margin of 7.5%-12% (approx. US$2,520-US$4,032 per each 2-bedroom unit) and will provide future updates as the project progresses."
I read that as, EHT and UCI project the stated net margin, to be split by them in accordance with their JV agreement. I do not believe the details of the JV with UCI are avaialblle. A previously announced JV in Ghana was 50/50. I do not read it as indicating the net margin is split any further amongst other partners in the construction. But who knows! When's it going to trade?!?!?!!?