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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed

+10
Fresher
CSE.SAS
Kithsiri
cseguide
hariesha
Gaja
Slstock
troy
balapas
sriranga
14 posters

Go down  Message [Page 2 of 1]

Slstock


Director - Equity Analytics
Director - Equity Analytics

Agree , why hide. Hope they did not under sell the market values by a lot.

The Alchemist wrote:I am really surprised that they have not disclosed the extent of land they have sold for Rs 350 million. what is the CSE and SEC doing ? This is material public information that has an definite impact on the share price. since some people know this info, it is unfair on the shareholders of Glass. They should halt trading and disclose these details on monday itself. Zero points for transparency & disclosure !

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

I don't think land in lunava has that much value. needs to check with lahipita (lankadeepa). also check with ikman.lk

Fresher


Moderator
Moderator

slstock wrote:Agree , why hide. Hope they did not under sell the market values by a lot.

The Alchemist wrote:I am really surprised that they have not disclosed the extent of land they have sold for Rs 350 million. what is the CSE and SEC doing ? This is material public information that has an definite impact on the share price. since some people know this info, it is unfair on the shareholders of Glass. They should halt trading and disclose these details on monday itself. Zero points for transparency & disclosure !

refer to my comment on the corporate disclosure thread. (shouldn't we merge the two)

The buyer is a reseller of lands and thus the price is possibly at a discount to market value.

sriranga


Co-Admin

npp wrote:
slstock wrote:Agree , why hide. Hope they did not under sell the market values by a lot.

The Alchemist wrote:I am really surprised that they have not disclosed the extent of land they have sold for Rs 350 million. what is the CSE and SEC doing ? This is material public information that has an definite impact on the share price. since some people know this info, it is unfair on the shareholders of Glass. They should halt trading and disclose these details on monday itself. Zero points for transparency & disclosure !

refer to my comment on the corporate disclosure thread. (shouldn't we merge the two)

The buyer is a reseller of lands and thus the price is possibly at a discount to market value.

Topics merged.

http://sharemarket-srilanka.blogspot.co.uk/

Kithsiri


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

Can this deal be held back ?
Anyone plan to take up the issue at the AGM ?

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

http://www.ft.lk/2013/04/29/piramal-to-divest-part-ratmalana-land-for-rs-355-m/

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Gaja wrote:http://www.ft.lk/2013/04/29/piramal-to-divest-part-ratmalana-land-for-rs-355-m/


10 acres for 350 million.

350m / 1600 perches = 218,000 per perch. !

Prime Lan kaarayonta hondyi.

allow for internal road ways 350 / 130 = 270,000 per perch. + development cost .. say 50 million
400 / 130 = 300,000 / perch

They can sell this for attractive prices.
--
+ point = lankawe honda idamak nomile wage Indian kaarayonta giya. dan in bagayak me gaanata aapahu lankawe samagamakata labuna.

Ithuru akkara11 th perch ekak 300,000 gaanata 10 perch lot walata bedala denawa nam nikamma wikineyi.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

sapumal wrote:I don't think land in lunava has that much value. needs to check with lahipita (lankadeepa). also check with ikman.lk

Access to this land is situated between Golumadama Junction and Katubedda.
You have to go about 1 km inland along Borupana Road (at Golumadama juct) or Maligawa Road or by Thelawala Road. You can also come from Boralesgamuwa via Verahera along Gangarama Road.

If you google you can see a bare land at the end of the roads near Weras River.

Distance from main roads is the major problem to get high value for this area. 2-3 years ago land values were higher than now in some areas in Ratmalana.

UKboy

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

sapumal wrote:I don't think land in lunava has that much value. needs to check with lahipita (lankadeepa). also check with ikman.lk

Agree with you. Some of the sellers are absolutely mad..!
Looks some of these sellers believe they are selling gold mines.

fair play Prime Lands

This is a win-win situation for both..

Sponsored content



Back to top  Message [Page 2 of 1]

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