Date Fixed for the AGM: June 30, 2015
As for housing, my table shows the amount of money generated during the pilot program. We are on pace to generate roughly $700,000-$800,000 in housing alone. If we were to annualize 254 living spaces at a rate of $1,200 per living space, then that's $1.2M/yr just in pilot phase revenue with a high margin. This is going to be lucrative if LOY were to double or triple their living spaces in 2015. They are only adding 50 spaces per quarter as a test phase.
| Period | Q4-2014 | Q3-2014 | Q2-2014 | Q1-2014 |
| Housing rev. | | $ 255,741.00 | $ 159,793.00 | $ 126,091.00 |
| Living spaces | 254 | 204 | 154 | 104 |
| $ / space | | $ 1,253.63 | $ 1,037.62 | $ 1,212.41 |
As for revenue, analysts are estimating roughly $65M this year, which means $13M in Q4 as an estimate. This is easily beatable. As for 2014 EPS, analysts are calling for $0.03, which means a flat quarter in Q4. This is achievable. In any case, LOY should be able to beat Q4-2013 without a problem and the annual numbers should easily meet expectation and beat the 2013 values hands down. All analyst values come from TD WebBroker.
| Period | Q4-2014 (est) | Q3-2014 | Q2-2014 | Q1-2014 | YR 2014 |
| Revenue | $13,000,000.00 | $19,626,107.00 | $17,185,078.00 | $15,714,747.00 | $65,525,932.00 |
| Income | $ - | $ 1,885,246.00 | $ 1,338,872.00 | $ 1,562,658.00 | $ 4,786,776.00 |
| EPS | $ - | $ 0.01 | $ 0.01 | $ 0.01 | $ 0.03 |
| Cost | $13,000,000.00 | $17,740,861.00 | $15,846,206.00 | $14,152,089.00 | $60,739,156.00 |
| Margin | 0% | 10% | 8% | 10% | 7% |
Here are some words of wisdom from Ryu:
Ryu wrote: The pace of growth of these expenses has reduced as the
integration process continues. The Company expects that
significant savings from synergies will be realized in the future.
During the nine months of 2014, the Company continued to increase
operating efficiencies by eliminating or replacing overlapping
positions and amalgamating administrative and accounting departments
with respect to its acquisitions of KGIC, KGIBC and MTi in 2013 and
SEC and UCCBT in 2014.
"At the end of the third quarter we implemented another wave of
restructuring measures that should yield significant savings going forward”.