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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » sudden interest on CONN.N0000...........?

sudden interest on CONN.N0000...........?

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duke
Slstock
anubis
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1sudden interest on CONN.N0000...........? Empty sudden interest on CONN.N0000...........? Thu Mar 24, 2011 12:49 pm

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Stock Analytic
Stock Analytic

What is the reason for the sudden interest on CONN.N0000...........?

anubis


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hi,

I'm not an expert but I calculated their latest P/E ratio by referring to financial statements from http://www.cse.lk/companiesprofile/incomestatement.htm?id=214&symbol=CONN.N0000 and it was only second to RENU.

Still, I cannot explain the "sudden" interest part Rolling Eyes

EDIT: Correction, [b]IF[/b] my calculations are correct (note the big if), CONN has a better P/E ratio than RENU, so it could be undervalued at current price. Experts? what do you think?

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

anubis wrote:Hi,

I'm not an expert but I calculated their latest P/E ratio by referring to financial statements from http://www.cse.lk/companiesprofile/incomestatement.htm?id=214&symbol=CONN.N0000 and it was only second to RENU.

Still, I cannot explain the "sudden" interest part Rolling Eyes

EDIT: Correction, IF my calculations are correct (note the big if), CONN has a better P/E ratio than RENU, so it could be undervalued at current price. Experts? what do you think?

Conn has a big capital gain included in their earnings. This is one time profit. But overall CONN is a good hotel share for future.. Not sure the current prices justify the present earnign though.

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

anubis


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

@slstock & duke: thanks a lot, I didn't know about this at all!

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:
duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

i was just making a joke. but if a hotel business had 3 hotels and if they sold one of them, what kind of business is it? it's like the car hiring firm selling their rental cars one by one every month to make a profit. but the way it's going that kind of announcement could really appreciate the price. so it doesn't matter about so called fundamentals in cse. i don't think it would change in the future either.

isn't BRWN also got a high earnings this time because of some huge sell off?

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

duke wrote:
slstock wrote:
duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

i was just making a joke. but if a hotel business had 3 hotels and if they sold one of them, what kind of business is it? it's like the car hiring firm selling their rental cars one by one every month to make a profit. but the way it's going that kind of announcement could really appreciate the price. so it doesn't matter about so called fundamentals in cse. i don't think it would change in the future either.

isn't BRWN also got a high earnings this time because of some huge sell off?

Duke,
I would be a little careful about the selling part joke as the new comers might think it was real. That why I asked. Yes it could be quite frustrating at times as CSE still doesn't seem to follow fundametals. But I think it is bit better than before ( when aspi hit 7800).

regardign BRWN,
Yes they sold part oftheir HNB holdings. But if you look at their last financial there is hugh chuck from regular business and not from capital again. But their payee tax is lower. Migth be good to see what this quarter results are. In either case I believe BRWN is a solid company for the future and will have growth. It partnerships with LOLC with also do it good.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

slstock wrote:
duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me
Evil or Very Mad Evil or Very Mad

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

slstock wrote:
slstock wrote:
duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me
Evil or Very Mad Evil or Very Mad

not me. anyways i balanced it

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

slstock wrote:
slstock wrote:
duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me
Evil or Very Mad Evil or Very Mad
You tried to help the new comers and got - rep in return. hm... I will give you a +Rep to balance to balance your -rep. Very Happy

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Monster wrote:
slstock wrote:
slstock wrote:
duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none Smile

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me
Evil or Very Mad Evil or Very Mad
You tried to help the new comers and got - rep in return. hm... I will give you a +Rep to balance to balance your -rep. Very Happy

it is quite common nowadays. People dont want listen to the bitter truth. They love to live in fairyworlds Smile

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

CONN might do well in the coming months, attractive dividend and profits makes CONN a good share

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

I'd say for the price ur paying to get a share, the dividend is abt 5% of it. Which is considering the last time. Rs.6/- div for Rs.127/- means its a huge amt. And that could tell u abt the profitability of the company and their willingness to share the profits wit share holders.

This gives u the best div u can get for ur money.. its an interim one means another one wil be on the way towards end of the year Wink

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