FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» In STOCK MARKET despite all odds, there is always hope. Never ever give in nor give up.
by atuts Yesterday at 2:14 pm

» The war in Ukraine is no longer shocking the wheat market
by ResearchMan Sat Jul 02, 2022 2:10 pm

» India raises import tax on gold to support rupee and amid trade deficit
by ResearchMan Sat Jul 02, 2022 2:09 pm

» When will supply chain disruptions ease?
by ResearchMan Sat Jul 02, 2022 9:57 am

» KHL Massive forex gains close to 6 billions
by rajini Fri Jul 01, 2022 10:54 pm

» Tourism in Sri Lanka: One step forward, two steps back
by rajini Fri Jul 01, 2022 9:21 pm

» Expolanka to continue its winning streak
by samaritan Fri Jul 01, 2022 4:12 pm

» Govt gets its priorities wrong
by samaritan Fri Jul 01, 2022 10:25 am

» Ambassador assures U.S. support to Sri Lanka to find solutions to economic issues
by samaritan Fri Jul 01, 2022 10:16 am

» IMF-Sri Lanka bailout talks end without a deal
by ChooBoy Fri Jul 01, 2022 9:16 am

» Sri Lanka Breaks Into Hyperinflation Zone Amid Dollar Crunch
by CHRONICLE™ Fri Jul 01, 2022 8:11 am

» Sri Lanka needs to do more on debt restructuring before a bailout package is finalised, says IMF
by CHRONICLE™ Fri Jul 01, 2022 8:06 am

» Global COVID cases rise as BA.4 and BA.5 expand
by samaritan Fri Jul 01, 2022 7:04 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Wed Jun 29, 2022 4:38 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Wed Jun 29, 2022 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Wed Jun 29, 2022 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Wed Jun 29, 2022 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Riverina Hotels Plc has amalgamated with Palm Garden Hotels Plc with effect from 5 December.

Riverina Hotels Plc has amalgamated with Palm Garden Hotels Plc with effect from 5 December.

+3
Sstar
skyfall
kalpani
7 posters

Go down  Message [Page 1 of 1]

kalpani


Stock Trader

Riverina Hotels Plc has amalgamated with Palm Garden Hotels Plc with effect from 5 December.
This is following the receipt of approval from the relevant regulatory authorities and shareholders of the both companies.
The continuing company will be Palm Garden Hotels Plc

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

New massive resort should be ready for operate in next year. This will be the biggest resort in Sri Lanka.
Still PLAM is trading sub 80s. Nett asset value alone more than double that price

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

I bought PALM and lost lot of money in the past. More than 30% of my Investment. I don't want to enter again until such time Hotel is ready to be opened. LOLC had done too much restructuring with their Hotel Companies and I think they are lost as to how they should go about with it.

Ishara Nanyakkara and LOLC group made the biggest mistakes of demolishing more than 300 rooms that belong to PALM and RIVERINA with the intention of putting ups new hotel. We have waited more than 2 years without any progress. It would have been better for the shareholders if he ran those hotels instead of demolishing them.

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sstar wrote:I bought PALM and lost lot of money in the past. More than 30% of my Investment. I don't want to enter again until such time Hotel is ready to be opened. LOLC had done too much restructuring  with their Hotel Companies and I think they are lost as to how they should go about with it.

Ishara Nanyakkara and LOLC group made the biggest mistakes of demolishing more than 300 rooms that belong to PALM and RIVERINA with the intention of putting ups  new hotel. We have waited more than 2 years without any progress. It would have been better for the shareholders if he ran those hotels instead of demolishing them.

Any share there's a time you need to sell. LOLC had given plenty warnings before close down PALM. Even I did have some shares and sold those earlier. Then my journey started again.

Collected this from 90s to rockbottom 60s and kept collecting.
Once BIL's right issue get subscribed we can see faster progression of the building work. How PALM share price appreciate tells that story. You will see faster movements of the share price after the BIL announcement (on right issue) & that's not far away. (less than a month)

Remember it is not a Rs100m or Rs200m right issue but staggering 2.3 billion..! Once they settle the existing high interest loans, they can go for less expensive loans that help to construct PALM.

PALM will be one of kind resort in Sri Lanka.

Current net asset value = Rs 170
Market Value = Rs 100

EDEN hotel & Dickwella resot (unlisted) comes under PALM.

Not many share in the market as well.

mark

mark
Expert
Expert

Sstar wrote:I bought PALM and lost lot of money in the past. More than 30% of my Investment. I don't want to enter again until such time Hotel is ready to be opened. LOLC had done too much restructuring with their Hotel Companies and I think they are lost as to how they should go about with it.

Ishara Nanyakkara and LOLC group made the biggest mistakes of demolishing more than 300 rooms that belong to PALM and RIVERINA with the intention of putting ups new hotel. We have waited more than 2 years without any progress. It would have been better for the shareholders if he ran those hotels instead of demolishing them.


hay didnt you made enough money when it ran over 300? Remember you tuk tuk fella Smile

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Dont you think BIL is the one going to be benefitted most with this right issue, it will become one of the leading player in hotel sector with room capacity closer to 1000.

VALUEPICK

VALUEPICK
Expert
Expert

I have been to these hotels in the past. We can really enjoy food at Riverina hotel, so delicious.At palm garden hotel tourists enjoy beach activities. How about now? More tourists in this region means more demand for other indirect industries such as food, transportation and leisure activities. We have to analyse capacity of hotel and food industry from 2015 onwards due to increased demand for food, accommodation and other leisure activities. Some are really going to benefit.

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

mark wrote:
Sstar wrote:I bought PALM and lost lot of money in the past. More than 30% of my Investment. I don't want to enter again until such time Hotel is ready to be opened. LOLC had done too much restructuring  with their Hotel Companies and I think they are lost as to how they should go about with it.

Ishara Nanyakkara and LOLC group made the biggest mistakes of demolishing more than 300 rooms that belong to PALM and RIVERINA with the intention of putting ups  new hotel. We have waited more than 2 years without any progress. It would have been better for the shareholders if he ran those hotels instead of demolishing them.


hay didnt you made enough money when it ran over 300?  Remember you tuk tuk fella Smile

Very valid point mark..!

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Palm Garden Hotels PLC
Rights Issue - Three shares for every one exsisting shares
PRICE 55/-

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum