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This is good time share our thoughts and Information on SPEN. After split SPEN was trading @ Rs.220, then there was huge drop to Rs.165 due to selling pressure and Market sentiments. When we analyze it future strategies, SPEN has good potential and growth and It will be most prominent player in the mkt in medium and long term.
Performance Details
Group Revenue Rs.11.9Bn
Net Profit Rs.1.42Bn
EPS Rs.5.16
Net Assets / Share Rs.49.52
SPEN Overview
SPEN diversifies its business to Services, Cargo logistics, Tourism and Strategic investment. Following are the SBUs..
Strategic Investment- Investment in Power generation and Printing & Packaging.
Cargo Logistics – Freight Forwarding, Courier and integrated logistics.
Tourism- Owns and manages hotel in Sri Lanka and Maldives.
Services – OTIS elevator agency, Insurance and property management.
SPEN Future Positioning
Tourism
Establishing Six Senses Property in Sri Lanka as BOI Company for the worth of USD 40Mn.
Complete refurbishment of Neptune property at Beruwela, southern coast and rebranding as Heritage Mahagedara which will be the specialized ayurweda resorts with 64 rooms.
Investing Rs.875Mnto build new hotels in North and East of Sri Lanka.
Rs.625mn investment for a boutique resorts south-west coast of Sri Lanka.
Occupancy of season based on pre-booking is 90%.
Cargo Logistics
Invested Rs.705Mn for upgrading container yards and acquisition of modern warehouse.
Expanding port efficiency enhancement in South Africa and accessing new market in the South Asian Region.
Container terminal in the Colombo south port harbor. The project is going to be treated in the Financial as Associate Company and with expected ROE 20%.
Strategic Investment
Setting up fossil fuel power plants in the South Asian region
Process of developing mini hydro plants and renewable energy projects.
Pls share thoughts and information about SPEN..............
This is good time share our thoughts and Information on SPEN. After split SPEN was trading @ Rs.220, then there was huge drop to Rs.165 due to selling pressure and Market sentiments. When we analyze it future strategies, SPEN has good potential and growth and It will be most prominent player in the mkt in medium and long term.
Performance Details
Group Revenue Rs.11.9Bn
Net Profit Rs.1.42Bn
EPS Rs.5.16
Net Assets / Share Rs.49.52
SPEN Overview
SPEN diversifies its business to Services, Cargo logistics, Tourism and Strategic investment. Following are the SBUs..
Strategic Investment- Investment in Power generation and Printing & Packaging.
Cargo Logistics – Freight Forwarding, Courier and integrated logistics.
Tourism- Owns and manages hotel in Sri Lanka and Maldives.
Services – OTIS elevator agency, Insurance and property management.
SPEN Future Positioning
Tourism
Establishing Six Senses Property in Sri Lanka as BOI Company for the worth of USD 40Mn.
Complete refurbishment of Neptune property at Beruwela, southern coast and rebranding as Heritage Mahagedara which will be the specialized ayurweda resorts with 64 rooms.
Investing Rs.875Mnto build new hotels in North and East of Sri Lanka.
Rs.625mn investment for a boutique resorts south-west coast of Sri Lanka.
Occupancy of season based on pre-booking is 90%.
Cargo Logistics
Invested Rs.705Mn for upgrading container yards and acquisition of modern warehouse.
Expanding port efficiency enhancement in South Africa and accessing new market in the South Asian Region.
Container terminal in the Colombo south port harbor. The project is going to be treated in the Financial as Associate Company and with expected ROE 20%.
Strategic Investment
Setting up fossil fuel power plants in the South Asian region
Process of developing mini hydro plants and renewable energy projects.
Pls share thoughts and information about SPEN..............
Last edited by Quibit on Mon Mar 21, 2011 10:54 am; edited 1 time in total (Reason for editing : format condensed)
