Recommended
More Related Content
Similar to Success comes when preparartion meets opportunity
Similar to Success comes when preparartion meets opportunity (20)
Recently uploaded
Recently uploaded (15)
Success comes when preparartion meets opportunity
- 1. Phemey Pon
- 2. The economy…
- 3. The key to managing crisis… Is to keep an eye on the long term... While you are dancing in the flames. Chairman of Royal Bank of Scotland Sir Philip Hampton
- 5. (1)
- 8. We are the worst…
- 9. Morgan Stanley $89 @14Jun 2007 $20 @16Feb 2009 Drop by 78%
- 10. Goldman Sach $248 @31Oct 2007 $86 @16Feb 2009 Drop by 65%
- 11. CBRE $41.3 @9Jul 2007 $3.3 @16Feb 2009 Drop by 92%
- 12. DTZ $835 @25Dec 2006 $35 @16Feb 2009 Drop by 96%
- 14. (2)
- 16. Property funds investing in China
- 17. How property deals are evaluated?
- 18. Evaluate by IRR, Why? Begin with an end in mind Sequences of events planned - when to renovate, refinance & exit Objective comparison made possible
- 19. IRR from first principle => Initial cash accumulate annually @17%
- 20. IRR & financial engineering IRR - 100% equity must attractive then enhanced by: -high gearing -vendor financing -quick refinancing -short holding period
- 21. Asset Management enhancement office building of 60,000 sf
- 22. Upon acquisition Unit rent pm = $5.6 + $4.4 =$10 Unit rent pa = $120 Unit CV at 4% return =$3,000
- 23. 24 months after asset mgt Unit rent pm = 12+8.8+5 =$25.8 Unit rent pa = $309.6 Unit CV at 5% return =$6,192 IRR=110%
- 25. rental goal
- 26. Proposed Rental Goal Average unit rent Year
- 27. % Increase over previous year Average unit rent Year
- 28. Breakdowns 5 Skillful neg & lease admin 2 9 Repositioning 4 1 3
- 29. Attention to every $1 av. rent $20M value increase ($1 x 80,000 x 12) / 5% $1 av. rent increase
- 30. What’s in it for you?
- 32. Opportunities of Mainland property developers
- 44. What’s in it for you?
- 46. Opportunities in Saigon of Vietnam
- 65. 19 Aug 2007
- 66. 25 Aug 2007
- 67. Marketing materials to media
- 69. 1. Why Saigon now? 2. What strategies we use? 3. What have we done successfully?
- 70. Why Saigon now?
- 71. Shanghai of Saigon of China Vietnam
- 72. Shanghai 10 years ago
- 73. GDP $2,200 = 1995 2006
- 74. GDP Growth 2001-2007 11%
- 75. 1 2
- 76. Govt welcome foreign investment
- 77. Strong demand on office
- 78. 2 Total stock = 350,000 m
- 79. 2 1 1
- 80. 0% vacancy
- 82. Strong demand on hotel
- 83. 7,700 rooms only
- 84. 50% of Hong Kong rates
- 85. Need 20,000 new rooms in 2011
- 86. Strong demand on serviced apartment
- 87. 2,500 units
- 89. Best timing
- 90. Jan 2007
- 92. What strategies we use?
- 93. • – • –
- 94. - Price – GDP growth Cost - Inflation Profit 8253 15200 7572 14000 6947 12800 11700 6373 10700 5847 9900 5364 4291 9000 4224 3759 3985 8300 4515 7000 4142 3346 3546 7600 3800 2978 3156 2500 2650 2809
- 95. 149 6 83 10 3 1 , , 57 35 15 10 3 10% 30% 60%
- 96. NPV @ 6% = 46 IRR = 56% 66 22 5 3 10% 30% 60%
- 97. 4 => 46
- 99. – - Deal in CBD • Selling price = USD2,500 • AV=USD500 Bldg Cost=USD750 • Profit Margin = 50% • IRR (full equity) 25%
- 100. What have we done successfully?
- 101. – m2 =1,350 20,000 CBD
- 102. – Deals in CBD –
- 103. What’s in it for you?
- 104. (3)
- 105. www.sethgodin.com
- 106. Content – domain knowledge • People you know • Skills you’ve developed
- 107. Process – emotional intelligence skill • Visualizing success • Persuading other people of your point of view • Managing projects
- 108. Process – emotional intelligence skill • As the world changes ever faster • As industries shrinks & others grow • Process ability is priceless
- 109. Communication skills • Public speaking • Presentation
- 110. Communication skills • Public speaking • Presentation
- 119. The economy…
- 120. Your mental view…
- 121. “Success always comes when preparation meets opportunity” Henry Hartman