In addition to what he commented, I like to emphasize that this analysis is based on the fact that:
- Lakelife Executive Condo is fully sold by the 4th Quarter of 2016;
- All revenue and net profit from Lakelife Executive Condo is recognised and return as cash to BBR Holdings (S) Ltd immediately;
- Loan from Associates of $20 Million, as stated in the 3rd Quarter financials remains the same and will be returned fully upon the complete sale of Lakelife Executive Condo.
- etc... (There could still be many other assumptions in place which i did not recognised).
I have also realised an error in my input of dividend for ...
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