Land Alliance Inc. (OTCQB:ILAL) Stock Rallies After First Home Construction at Oasis Park

October 16, 2024October 16, 2024 Ian Leigh ILAL

The news of a new construction contract can always come as a strong positive trigger for a company’s stock, and that is what happened with the International Land Alliance Inc. (OTCQB:ILAL) stock on Monday. It ended the day with gains of 21% following such an announcement.

International Land Alliance Announces First Home Construction at Oasis Park

The company came into focus after it announced that it had been successful in bagging its first construction contract at its Oasis Park Resort. In the previous quarter, the company had opened up sales at the property, a master planned complex located in San Felipe, Baja California.

The property boasts 500 home sites, thereby representing gross sales potential to the tune of $15,000,000. The gross potential construction revenues from the property could be more than $125,000,000.

Further Details

In the news release, International Land Alliance noted that the momentum gained at the Oasis Park property was a direct consequence of the Rancho Costa Verde property. The company would bring the same strategy with regards to sales, marketing, and strategic vision to the Oasis project.

Simultaneously, International Land Alliance would also start work on Cabo Oasis Resort and Spa, a condotel planned at the Oasis Park Resort. The condotel, which would consist of 72 rooms in total, would be located on a lagoon.

Management Comment

Frank Ingrande, President of ILAL, commented: “The execution and momentum we are seeing at Oasis is a direct result of the strategic acquisition of Rancho Costa Verde, where we developed 1,200 homesites, sold over 1,000, and built over 100 homes and a boutique hotel. Total potential construction revenue of $275,000,000 for the remaining 1,000 homesites already closed will be sold as we ramp up new sales at Oasis. We are bringing the same vision and sales and marketing strategy to Oasis. This is a huge milestone for us that is a full quarter ahead of our internal schedule.”

Fundamentals

P/E Ratio	5.4700
PEG Ratio	0.04
Price to Book	0.53
Price to Cash Flow	–
Price to Free Cash Flow	–
Total Sales (TTM)	12.16 M
Revenue per Share (TTM)	0.15
Shares Outstanding	88.909 M
Share Float (%)	74.41 M (83.69%)

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.