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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » MELSTACORP PLC (MELS.N0000)

MELSTACORP PLC (MELS.N0000)

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61MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Mon Dec 30, 2019 4:06 am

Intrinsicvalue


Equity Analytic
Equity Analytic
@Roshan1039
Yes Melsta.N at this 40 to 45 level is a huge bargain. 

However their problem is they invested lot of money (Rs. 23 billion) in john keells holdings and other companies to improve their portfolio using debt funded money. Therefore Melstacorp's Cash is negative (in their 2018/ 2019 annual report Cash and cash equivalent value was negative Rs. 23 billion). That why as I believe investors are afraid to invest at the moment. 
However they have generated approximately Rs. 10 billion in this year and their current Cash and Cash equivalent value is negative Rs. 14.9 billion. This huge cash amount in the last interim and previous interims generated due to their massive profits earned from mainly DCSL and the remaining companies Melstacorp's negative cash value will be positive probably in the next year. 
This will gradually grow to Rs. 55 to 60 level during 2020 to 2021 period. At the moment I am just enjoying their attractive dividend.  Smile

62MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Feb 21, 2020 9:43 pm

Intrinsicvalue


Equity Analytic
Equity Analytic
Business tycoon Harry Jayawardena-controlled diversified conglomerate Melstacorp PLC yesterday (20) announced, that it has acquired 100% control of Browns Health Care (Pvt) Ltd from Brown and Company PLC for an estimated Rs. 1.6 billion. 
Notifying the Colombo Stock Exchange, Melstacorp PLC stated that its fully-owned subsidiary, Melsta Healthcare Colombo  Ltd has acquired the entire shareholding of Browns Health Care (Pvt) Ltd from Brown and Company PLC for a consideration of Rs.1.6 Billion on l9th February 2020.
Browns HealthCare (Pvt) Ltd is in the business of operating a multispecialty hospital under the brand of "Browns Hospitals" and wholly owns Browns Healthcare North Colombo (Pvt) Ltd.
Browns Hospitals, a fully-fledged 70 bed hospital in Ragama, is a subsidiary of the renowned Browns Group. This multi-speciality general hospital is equipped with the latest technology in medical diagnostics and advanced medical and surgical technology including CT and MRI scanning. It is the first in a chain of secondary care general hospitals and diagnostic centres, which are dedicated to provide state-of-the-art, personalised, integrated clinical care.
Browns Hospitals has a high profile medical team of well qualified and recognised visiting consultants in all specialties and in-house doctors along with a team of qualified nursing staff with both private and state sector experience. It is also the first hospital to receive ISO 9001:2015 certification for healthcare from the Sri Lanka Standards Institute. Reiterating its status of excellence, Browns Hospitals was also recognised with the prestigious award for ‘Best Multi-Speciality Hospital’ at the CMO Asia Awards Ceremony held in 2019 as part of the Sri Lanka Leadership Awards.
The Browns Group is one of Sri Lanka’s largest diversified conglomerates which is controlled by Ishara Nanayakkara, a dynamic business tycoon.
The Group manages a fast growing and valuable portfolio of brands across several key industry sectors, such as power generation; home and office solutions; agriculture and plantation support services; pharmaceuticals; investments; hospitality and leisure; marine and manufacturing; and healthcare.
Sources: https://cdn.cse.lk/cmt/announcement_portal_prod/Melstacorp_4726165452982222.pdf
http://bizenglish.adaderana.lk/ishara-sells-browns-hospital-ragama-to-harry-j-for-rs-1-6bn/?fbclid=IwAR3hb3z1KIHi0DDpWVKNnhLRJRZTdNsbjTbZ4XaBZiDIOOvpQ2t4Iluu5a4

63MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Feb 21, 2020 11:10 pm

Ekanayake90


Manager - Equity Analytics
Manager - Equity Analytics
AT one stage I was ready to buy it @ Rs.60 even @70 😂
36-38 not a bad price to enter ,

64MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Feb 22, 2020 6:41 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
Yes this is good share only disadvantage is CASH FLOW.

65MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Feb 22, 2020 7:20 pm

Ekanayake90


Manager - Equity Analytics
Manager - Equity Analytics
Hope they will continue with their dividend policy.
This will go pass 50 but it will take some time.

66MELSTACORP PLC (MELS.N0000) - Page 4 Empty melstacorp Wed Feb 26, 2020 8:29 pm

Manager2


Stock Trader
What do you think about melstacorp?

67MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Feb 27, 2020 7:11 am

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
They are accumulating wealth.

68MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Feb 29, 2020 3:08 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics
@soileconomy wrote:They are accumulating wealth.

only JKH and Hospital(I can't remember name) rit? any-other???

69MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Sun Mar 01, 2020 1:25 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@ColomboCSE wrote:
@soileconomy wrote:They are accumulating wealth.

only JKH and Hospital(I can't remember name) rit? any-other???

Maybe you trying to recall "Browns Hospital - Ragama" which Melscrop purchased last week for 1.6 Billion. (They already manage Joseph Fraser Memorial Hospital - Colombo 05). Also, they have set up standalone diagnostic laboratory networks.

70MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Aug 06, 2020 1:00 pm

lakymahesh


Senior Equity Analytic
Senior Equity Analytic
I'm collecting MELS.N slowly knowing that they have used huge lone to buy the JKH shares. But I think they can manage the chashflow, 28/- per share is reasonable if i can sell it around 35/- nxt year around. what do you think ? is their any thing that i'm missing here? any negative points that im not aware of ?

71MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Aug 06, 2020 1:27 pm

samaritan


Moderator
Moderator
Health sector will always be a winner. See the crowd at private hospitals at any given time, its packed.


_________________




The biggest risk in life is not taking any risk at all.

72MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Tue Aug 25, 2020 12:50 pm

cheetah


Senior Equity Analytic
Senior Equity Analytic
What is going on? Any one knows?
MELSTACORP PLC (MELS.N0000) - Page 4 Icon

73MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Tue Aug 25, 2020 1:10 pm

samaritan


Moderator
Moderator
The current demand can see MELS clear 30/= today.

Big news the vultures may know.MELSTACORP PLC (MELS.N0000) - Page 4 Icon_lol


_________________




The biggest risk in life is not taking any risk at all.

74MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Tue Aug 25, 2020 1:39 pm

madukp


Expert
Expert
https://www.srilankachronicle.com/t58017-a-discussion-on-melstacorp

Empersized it's value a few days ago. See how someone  discourage the post at that time

roshan1039 likes this post

75MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Tue Aug 25, 2020 2:36 pm

roshan1039


Moderator
Moderator
@madukp wrote:https://www.srilankachronicle.com/t58017-a-discussion-on-melstacorp

Empersized it's value a few days ago. See how someone  discourage the post at that time
Don't trust story tellers.

I am in at 28

madukp likes this post

76MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Tue Aug 25, 2020 2:49 pm

madukp


Expert
Expert
@roshan1039 wrote:
@madukp wrote:https://www.srilankachronicle.com/t58017-a-discussion-on-melstacorp

Empersized it's value a few days ago. See how someone  discourage the post at that time
Don't trust story tellers.

I am in at 28

Of course, this is a hidden gem that someone able to get a 200% yield in short-mod term.

77MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Sep 12, 2020 8:35 pm

nish84


Manager - Equity Analytics
Manager - Equity Analytics

Melstacorp NEXT WEEK  bounce bounce bounce cheers

78MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Sep 12, 2020 8:50 pm

Champ888


Manager - Equity Analytics
Manager - Equity Analytics
This will Move with June Quater Results.. Last week shows high interest on 

Melstacorp..

79MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Wed Sep 30, 2020 12:08 am

madukp


Expert
Expert
MELS Target is Rs 45/= by early next year

80MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Wed Sep 30, 2020 6:34 am

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Good company with a good management.
Will have run with the next results.

81MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Wed Sep 30, 2020 8:46 am

Champ888


Manager - Equity Analytics
Manager - Equity Analytics
MELS will pass 40 by November.

82MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Wed Sep 30, 2020 11:00 am

shihan 93


Senior Equity Analytic
Senior Equity Analytic
@Champ888 wrote:MELS will pass 40 by November.
I agree

geesura likes this post

83MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Wed Sep 30, 2020 11:16 am

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
MELS has the potential but huge quantity of foreign selling still happening!! This worries me a lot!

84MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Wed Sep 30, 2020 6:26 pm

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
40 alien alien alien

85MELSTACORP PLC (MELS.N0000) - Page 4 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Oct 16, 2020 3:16 pm

NHS


Stock Trader
Fundamentally strong share will hopefully reach 40++ soon. Heavy collection at 30-32. NAV 64

RJ1010 likes this post

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