greenwave

Anyone have any current insight on this Jeffries / Leucadia Union Station Washington D C air rights asset? I emailed Jeffries investor relations some time ago asking about the status of these air rights ,but have yet to receive any response. greenwave ___________________________ Jeffries (Leucadia)..Union Station air rights ...the commentary below was from ~ July, 2012 ......... "...If they paid $10 MM for the right, and are Leucadia's JV partner, I guess LUK doesn't own the rights in their entirety? I read the quote to mean that "they" - meaning the joint venture in total - paid that much for the rights, although you raise a good question. Disclosure seems minimal ... LUK has minority interests on the balance sheet." -- "If this report is accurate, Leucadia's air rights may be getting more valuable. I don't know the website but it was linked to by American Association of Railroads so it's probably legitimate ... " http://www.progressiverailroading.com/amtrak/news/Amtrak-for... ......... "...If they paid $10 MM for the right, and are Leucadia's JV partner, I guess LUK doesn't own the rights in their entirety? I read the quote to mean that "they" - meaning the joint venture in total - paid that much for the rights, although you raise a good question. Disclosure seems minimal ... LUK has minority interests on the balance sheet."

Mon, January 4, 2021, 4:15 PM EST· All-Time Record Quarterly and Annual Results at Jefferies Group Quarterly Cash Dividend Increase of 33% to $0.20 per Jefferies Common Share Share Repurchase Authorization Increased to $250 million Jefferies Financial Group Inc. (NYSE: JEF) today announced its financial results for the three and twelve month periods ended November 30, 2020. In addition, the Jefferies Board of Directors declared a quarterly cash dividend equal to $0.20 per Jefferies common share payable on February 26, 2021 to record holders of Jefferies common shares on February 12, 2021. The Jefferies Board of Directors also increased the Company's stock buyback authorization by $193 million to a total of $250 million. We expect to file our Form 10-K on or about January 28, 2021. Highlights for the three months ended November 30, 2020: Jefferies Group LLC recorded record quarterly net revenues of $1,609 million, record pre-tax income of $406 million, record net earnings of $307 million and return on tangible equity of 26.2%1 Record quarterly Investment Banking net revenues of $916 million, including record Equity Underwriting net revenues of $341 million, record Advisory net revenues of $357 million, and record Debt Underwriting net revenues of $209 million Combined Capital Markets net revenues of $590 million; record quarterly Equities net revenues of $327 million and Fixed Income net revenues of $263 million Asset Management revenues (before allocated net interest2) of $83 million Merchant Banking recorded pre-tax income of $33 million, reflecting record quarterly results from Idaho Timber and mark-to-market increases in the value of several of our investments in public companies Net income attributable to Jefferies Financial Group common shareholders was $307 million, or $1.11 per diluted share We repurchased 9.5 million shares for $193 million, or an average price of $20.34 per share; 249.8 million shares were outstanding and 273.6 million shares were outstanding on a fully diluted basis3 at November 30, 2020; Jefferies book value per share was $37.65 and tangible book value per fully diluted share4 was $27.38 at the end of the fourth quarter Jefferies Financial Group had parent company liquidity of $1.9 billion at November 30, 2020. Jefferies Group had a record liquidity buffer of $8.6 billion of cash and unencumbered liquid collateral at November 30, 2020, which represented 18% of its total balance sheet............ ---- greenwave ( To borrow a thought from Parsad ) CHEERS !

Now, that land which sold in 4 minutes and for which a real estate developer paid RMB 5.9B, is for building residential real estate. Not an industrial park like Inno City. Thats a difference, for sure! To be clear, the authors are not telling us otherwise and I, for one, am grateful that they post that kind of news. But some investors may mis read the information, so do you own research! Something else that website is not telling is that there are quite a few big projects being developed in Guangming, close to Inno Park. It is all part of one plan designed by the local authorities. Indeed, there are 4 science/high tech parks being developed in the area, apart from NTPs Inno Park. But its not only industrial parks, also a cultural and arts centre, roads... For those that have been to China, though, that level of construction activity might not be that surprising. In any case, the important thing IMHO is to assess both the level of supply that NTP and the other current industrial park developers will bring to the market, and the future demand for that kind of space. ---- elliott , I couldn't agree more with you about the importance of always doing as much due diligence as possible into Nam Tai or any other real estate development before investing. My best to you, greenwave

Disclosure : I have owned owned Nam Tai stock since 2013 . The new Nam Tai informational web-links were recently posted on another message board. My assumption is that it was prepared for the English speaking investors by one or more of the major investors in Nam Tai. --- https://www.namtaiproperty.com/ OVERVIEW --- https://www.namtaiproperty.com/projects --- https://www.namtaiproperty.com/team --- https://www.namtaiproperty.com/press --- https://www.namtaiproperty.com/testimonials VALUATION --- https://www.namtaiproperty.com/faq --- https://www.namtaiproperty.com/about --- https://www.namtaiproperty.com/contact --- https://www.namtaiproperty.com/newsletter

--- Thank you for posting Saltybit . I listened to the you tube interview with the author and found it to be very helpful in improving my understanding of the political and economic factors at work in China over the past 35 or so years . I do intend to buy and read the book . I think the author mentioned that he was the first person to enter Wharton with no formal education from grade school to high school (in China ). America at large could profit from hearing his life story and testimony regarding his struggles to educate himself with extremely limited availability of books - and no "professional teachers "during his younger life. In my opinion our entire Congress would be shocked in a positive and constructive way ....to hear his story if that were possible to arrange ! greenwave ** ( **No connection whatsoever to "THE GREEN" political movement )

-- Interview commentary by a longer term noted institutional investor in Jef / Luk … “You're a fan of Jefferies Financial Group ( JEF ) [JEF], the former Leucadia. Why? Jefferies operates a strong broker-dealer and a successful merchant bank. A common variable of a lot of what we own is the good quality of a business -- even if it's a turnaround -- combined with good operators. All the better if they're owner-operators who have their money invested alongside ours. Jefferies had success creating value through timely investments in the merchant bank and opportunistically repurchasing their shares at a sizable discount to net asset value. This company met earnings expectations last year. They enhanced net asset value by reducing their majority stake in National Beef. Jefferies aggressively repurchased 13% of its shares in 2018, and, despite that, the stock price declined 35%. It now trades at less than 80% of its tangible book value, and at about a 30% to 35% discount to our conservative low-$30s assessment of net asset value. Is CEO Rich Handler taking it private? He has a long way to go, but he recently wrote about the stock price being out of sync, and said "it was as if we were getting the call from our own company about a compelling new investment opportunity." In 2018, Jefferies was their single largest investment. He said the investment story "is becoming more focused and straightforward," meaning he's cleaning up some of the merchant banking stakes, including the National Beef stake.”

Jeff reported today after market close results through November 30 ,2018 . "Fully diluted tangible equity per share increased by 22% from $20.48 at the beginning of the fiscal year to $24.90 at November 30.2018 " greenwave

Recent interview with Gilder relating to the future potential growth of Capitalism https://www.youtube.com/watch?v=60Dr-LirFDs greenwave

Yes , the investors day presentation is posted on Jeffries Investor Relations web link . http://jefferiesfinancialgroupinvestorrelations.jefferies.com/presentations Very detailed ... greenwave

It's not the first time I've heard Charlie say something scientifically questionable. I think science is his weak spot despite his efforts to be a generalist. It’s very likely the other way around - the Chinese kids got better parents. Adopting kids from China isn’t cheap, so the parents very likely have financial resources. there are also significant background checks. There is a significant selection bias going on on the parent side. ---- Spekulatius , I agree with your perspective . It seems very logical and probable that adopting young Chinese girls generally requires considerably more financial resources than the average American family could likely afford . Additionally ,I would think that the adopting parents would probably be very well educated and would be better prepared to plan for and foster a life-long learning environment for the adopted kids . Thus , it does not surprise me that these kids become more motivated by being nurtured and loved by well prepared parents . ( Maybe the children simply become products of their positive , constructive environments ?) greenwave

Update on the Nam Tai Shenzen ,China Commercial Real Estate project : Nam Tai Property Inc. Announces Construction Progress and Availability of Construction Site Photos PR Newswire•July 30, 2018 SHENZHEN, China, July 30, 2018 /PRNewswire/ -- Nam Tai Property Inc. ("We", "Nam Tai" or the "Company") (NYSE Symbol: NTP) announced today that construction site photos have been made available on the Company website under the heading "Inno Park" and will be updated at a regular interval as the construction progresses. After the receipt of its construction permits, the construction of Nam Tai Inno Park has been progressing smoothly. The Company expects to adhere to its previously announced schedule of construction. Recently, the Company has received a number of inquiries from shareholders and potential investors for site visits. In the interest of fair disclosure, particularly for overseas investors that might not be able to conduct a site visit, the Company will make regularly updated photos of the construction site available on its website so investors may observe the construction progress. Click on the links below for weekly updated photo of our construction progress. http://www.namtai.com/inno_park.html http://www.namtai.com/img1.html < updated photo of our construction progress as of 7.27.2018

--- " Jefferies Financial Group Inc. Announces Second Quarter 2018 Results Business Wire Business Wire•July 26, 2018 NEW YORK--(BUSINESS WIRE)-- Increases Share Buyback Authorization by Additional 25 Million Shares, Having Repurchased over 24 Million Shares in the Second Quarter Increases Quarterly Dividend by 25% to 12.5 Cents Per Share....." ------- Hopefully the buybacks and dividend increase are indicative of a long term sustainable trend towards intrinsic value . greenwave ----- 'At December 31, 2017 , we have recognized net deferred tax assets of $743.8 million. ' Maybe this finally becomes a useful asset over the next few years .

--- " Jefferies Financial Group Inc. Announces Second Quarter 2018 Results Business Wire Business Wire•July 26, 2018 NEW YORK--(BUSINESS WIRE)-- Increases Share Buyback Authorization by Additional 25 Million Shares, Having Repurchased over 24 Million Shares in the Second Quarter Increases Quarterly Dividend by 25% to 12.5 Cents Per Share....." ------- Hopefully the buybacks and dividend increase are indicative of a long term sustainable trend towards intrinsic value . greenwave ----- 'At December 31, 2017 , we have recognized net deferred tax assets of $743.8 million. ' Maybe this finally becomes a useful asset over the next few years .

Re: Investing in South Korea, China, India…. Nickennumbers, If you have interest in investing in Chinese real estate for the long term , you may want to review the entire COBF thread on Nam Tai Property ( NTP ) located in Shenzhen, China .The stock is actually traded on the NY stock exchange . I would also recommend that you read all of the NTP SEC filings which will provide the appraisals of the major real estate projects that are now under development. In the past year or two there have been a few news articles by the Chinese newspapers on this significant development project and its history ,etc. greenwave

--- +1 Mungerish , Thank you for your outstanding overview of where we are now from a probable valuation range of the company after the announcement of the recent sales and the Re-Branding of the two separate business units. From my perspective as a long term holder of over 10 years -- the reorganization into the two business units should definitely make the overall entity much easier for new and existing investors to understand. I have long thought that LUK was one of the most difficult companies in this size range to value and understand, and was likely thrown in the “too hard pile” by many value oriented investors. I agree with your valuation of the company in the range of $35 to $ 40 per share. We shall see. greenwave