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torabora - Sun, 31 Dec 06 :

Red hot from todays sundays Sundays Times [page 11] SAVILLS,thinks Prime London house prices will go up 15% in 2007.!!!.This is the profit joint venture shareholders could look forward to. To make it easy, based on, per £1,000, of sales.When land bought one year ago, 25% profit, + 5% for improved planning gain, + 25% from house price rise in 2006. Now add on 15% in 2007, for house price rise.£250 + £50 + £+250 +£150. At the start, £1,000 of sales gave us a profit of £250. This now comes to £1450, Costs inc land are £750, so profit may hit just under 50p in the pound. If Northacre, and the joint venture partners have sales of say £600 million, £300 million could be profit. Due to the fact they may come in way above best hopes, [when land was bought], NORTHACRE could get say 40% of £300M. THATS 120 MILLION Quid.!!!!!!!!!!!! Company now worth 6m pounds today.


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