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SFEF Santa Fe Financial

Santa Fe Financial Corporation (“Santa Fe” or the “Company”) and may also be referred to as “we” “us” or “our” in this report) was incorporated under the name of Tri Financial Corporation in the State of Nevada on July 25, 1967 as a wholly owned subsidiary of Crateo Inc., a public company. On October 31, 1969, Crateo issued a one-for-one stock dividend of all of its shares of Tri Financial to its common shareholders. On September 17, 1970, the name of the Corporation was changed to Santa Fe Financial Corporation.

Company profile

Ticker
SFEF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
952452529

Calendar

29 Jan 21
21 Apr 21
30 Jun 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.06M 14.06M 14.06M 14.06M 14.06M 14.06M
Cash burn (monthly) 2.54M 428.5K 1.24M 346.75K 2.9M 1.7M
Cash used (since last report) 9.38M 1.59M 4.6M 1.28M 10.75M 6.29M
Cash remaining 4.67M 12.47M 9.45M 12.77M 3.3M 7.77M
Runway (months of cash) 1.8 29.1 7.6 36.8 1.1 4.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jun 20 Intergroup COMMON STOCK Buy Aquire P No No 29.2 500 14.6K 1,121,170
24 Mar 20 Intergroup COMMON STOCK Buy Aquire P No No 32.25 400 12.9K 1,120,670

Financial report summary

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Management Discussion
  • The Company’s principal source of revenue continues to be derived from the investment of its 68.8% owned subsidiary, Portsmouth, in the Justice Investors Limited Partnership (“Justice” or the “Partnership”) inclusive of hotel room revenue, food and beverage revenue, garage revenue, and revenue from other operating departments. The Company also generated income from its investments in multi-family real estate properties and from investment of its cash and securities assets. Justice owns the Hotel and related facilities, including a five-level underground parking garage. The financial statements of Justice and Portsmouth have been consolidated with those of the Company.
  • The Hotel is operated by the Partnership as a full-service Hilton brand hotel pursuant to a Franchise License Agreement (the “License Agreement”) with Hilton. The Partnership entered into the License Agreement on December 10, 2004. The term of the License Agreement was for an initial period of 15 years commencing on the opening date, with an option to extend the License Agreement for another five years, subject to certain conditions. On June 26, 2015, the Partnership and Hilton entered into an amended franchise agreement which extended the License Agreement through 2030, modified the monthly royalty rate, extended geographic protection to the Partnership and also provided the Partnership certain key money cash incentives to be earned through 2030. The key money cash incentives were received on July 1, 2015.
  • On February 1, 2017, Justice entered into a Hotel management agreement (“HMA”) with Interstate Management Company, LLC (“Interstate”) to manage the Hotel and related facilities with an effective takeover date of February 3, 2017. The term of HMA is for an initial period of ten years commencing on the takeover date and automatically renews for an additional year not to exceed five years in aggregate subject to certain conditions. The HMA also provides for Interstate to advance a key money incentive fee to the Hotel for capital improvements in the amount of $2,000,000 under certain terms and conditions described in a separate key money agreement.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: announced, appraised, appraiser, Boulevard, Bundy, calendar, capacity, Code, comply, dining, dissolution, divided, Dr, Foreign, fractional, governmental, holder, Indoor, IRS, lieu, longer, mailing, mandatory, million, moved, moving, outdoor, pro, prohibit, quarantine, rata, recreation, resume, resuming, revised, SEC, shareholder, SHs, simultaneously, strongly, submitted, Suite, surge, suspended, taxable, thereto, tourist, transmission, treated, unanimously, unrelated, USRPHC, Wilshire, withholding
Removed: building

Registration and prospectus

No filings