GERI not Halliwell

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Global-Estate Resorts, Inc. or GERI

GERI has a diversified portfolio of integrated projects, including integrated tourism estates development; horizontal residential subdivision lots and residential/commercial complexes; residential communities integrated with golf, resort and other leisure related and commercial complexes; residential, office and commercial high rise; business park; and low cost housing.

GERI’s subsidiaries include Fil-Estate Properties, Inc.; Fil-Estate Golf and Development, Inc.; Fil-Estate Urban Development Corporation; Novo Sierra Holdings Corporation; Twin Lakes Corporation; Megaworld Global-Estate, Inc.; Oceanfront Properties, Inc.; Southwoods Mall, Inc.; Global Homes and Communities, Inc.; Boracay Newcoast Hotel Group, Inc.; and Nasugbu Properties, Inc.

Don’t you love redundant stories?

At least the company’s performance is better than previous year, something to cheer about.

Annual

For the fiscal year ended : Dec 31, 2014
Currency(and units, if applicable) : Philippine Peso

Balance Sheet
Item Current Year Previous Year
Current Assets 20,412,821,570 19,361,322,687
Total Assets 33,603,829,889 31,043,545,840
Current Liabilities 5,172,321,777 4,007,184,549
Total Liabilities 9,109,694,891 7,415,822,780
Retained Earnings/(Deficit) 5,163,479,396 4,361,128,809
Stockholders’ Equity 24,494,134,998 23,627,723,060
Stockholders’ Equity – Parent 20,899,577,304 20,104,859,091
Book Value 2.23 2.15
Income Statement
Item Current Year Previous Year
Gross Revenue 3,361,328,461 1,708,719,352
Gross Expense 2,349,615,099 1,255,487,802
Net Income/(Loss) Before Tax 1,011,713,362 453,231,550
Net Income/(Loss) After Tax 856,544,858 340,866,950
Net Income/(Loss) Attributable to Parent 784,851,133 321,398,421
Earnings/(Loss) Per Share (Basic) .07 .03
Earnings/(Loss) Per Share (Diluted) .07 .03

Quarterly

For the period ended : Sep 30, 2015
Currency(and units, if applicable) : Philippine Peso

Balance Sheet
Item Period Ended Fiscal Year Ended(Audited)
Current Assets 21,961,672,573 20,412,821,570
Total Assets 37,681,747,992 33,603,829,889
Current Liabilities 5,540,008,188 5,172,321,777
Total Liabilities 12,437,170,969 9,109,694,891
Retained Earnings/(Deficit) 5,633,461,585 5,163,479,396
Stockholders’ Equity 25,244,577,023 24,494,134,998
Stockholders’ Equity – Parent 21,369,559,494 20,899,577,304
Book Value 2.30 2.23
Income Statement
Item Current Year (3 Months) Previous Year (3 Months) Current Year-To-Date Previous Year-To-Date
Gross Revenue 1,714,396,256 651,536,738 3,822,092,375 2,056,764,122
Gross Expense 1,440,839,719 482,902,344 3,059,863,018 1,601,482,607
Net Income/(Loss) Before Tax 273,556,537 168,634,394 762,229,357 455,281,515
Net Income/(Loss) After Tax 194,260,313 119,766,450 533,661,866 319,890,387
Net Income/(Loss) Attributable to Parent 167,323,210 86,758,272 453,202,033 247,458,257
Earnings/(Loss) Per Share (Basic) 0.01 0.00 .04 .02
Earnings/(Loss) Per Share (Diluted) 0.01 0.00 .04 .02

 

With GERI’s projects all going smoothly and on track, if you’re not convinced yet go to Southwoods City and see the structures are starting to spring up. But these figures are nice only if you believe that the stock price movement has anything to do with company’s performance. So what to do if this data bores you? Then let’s look at the more exciting stock data.

Status Open Market Capitalization 11,315,580,000.00
Issue Type Common Outstanding Shares 10,986,000,000
ISIN PHY2715C1081 Listed Shares 10,986,000,000
Listing Date Nov 23, 1995 Issued Shares 10,986,000,000
Board Lot 1,000 Free Float Level(%) 11.71%
Par Value 1.00 Foreign Ownership Limit(%) 40%
Last Traded Price 1.01 Open 1.01 Previous Close and Date 1.03 (Dec 23, 2015)
Change(% Change) down  0.020 ( 1.94%) High 1.02 P/E Ratio
Value 869,660.00 Low 1.01 Sector P/E Ratio
Volume 861,000 Average Price 1.01 Book Value
52-Week High 1.83 52-Week Low 1.00 P/BV Ratio

There’s just 1,328,014,939 shares changing hands in the public or 12% of the outstanding shares. With the last traded price nearing its par value, there is a good opportunity to acquire this stock because the value of the shares you’re going to buy will be almost the same as the value of shares the directors are holding, in other words if they lose you lose, if they win you win. I will not be surprised if the massive cross sales happens in the next trading days.

And the deadly SWAG formation is taking shape.

GERI-12282015

 

Recommendation: BUY/ACCUMULATE

Holding Period: 90-days

Again, as mandated by law, being a Certified Securities Representative, I can not guarantee against loss.

 

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