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Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed - Page 2 Vote_lcap68%Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed - Page 2 Vote_rcap 68% [ 178 ]
Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed - Page 2 Vote_lcap18%Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed - Page 2 Vote_rcap 18% [ 47 ]
Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed - Page 2 Vote_lcap13%Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed - Page 2 Vote_rcap 13% [ 35 ]

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Piramal to sell part of its Ratmalana land for Rs. 350 mn. Extent to be sold not disclosed

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..

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