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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » RENU and CABO march 13 reports ( pre annoucment)

RENU and CABO march 13 reports ( pre annoucment)

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Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
RENU http://www.cse.lk/cmt/upload_report_file/569_1369649759306.03.2013.pdf


CABO http://www.cse.lk/cmt/upload_report_file/615_1369649585072.PLC%20-%20Quater%20Ended%2031.03.2013.pdf


Don't get deceived by EPS only ;-) . Lot of discussion on this.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Seems have to wait till the audited accounts to see the investments

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
RENU hotel earnings have grown. This quarter is almost a true picture of it core business without lot of other income.

It is hard to believe RENU has Rs 160 per share in cash. Even if they lock 1 billion in an FD ( will be lazy to do so as they can get btter returns with money like that), it should bring them Rs 15+ interest earnings.

June quarter will be fun with COMB/DFCC dividends and possible capital gaisn though some sales to RENU/CABO.

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
seems like the people who are buying knows something u dnt ! plus mkt sentiment is gud ! u will need to get more info ! gud luck ! for me both shares are gud value for money !

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hope this time Renu,Cabo nails down some profits and give a decent divident. That could do wonders.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
CABO Current market Earning per share more than 160.00 Rupees.
Last quarter NAV 79+160 = 239.00 Current net asset value per share.

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@Gainer wrote:CABO Current market Earning per share more than 160.00 Rupees.
Last quater NAV 79+160 = 239.00 Current net asset value per share.
You may be approximately right about the NAV, but would you care to elaborate?
How did you arrive at the EPS of Rs 160?!

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
CABO for sure

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:RENU http://www.cse.lk/cmt/upload_report_file/569_1369649759306.03.2013.pdf


CABO http://www.cse.lk/cmt/upload_report_file/615_1369649585072.PLC%20-%20Quater%20Ended%2031.03.2013.pdf


Don't get deceived by EPS only ;-) . Lot of discussion on this.

relatively third rate low class management team who haven't bothered to go with SLFRS (taken the lazy option of going with interim arrangements).
Going with SLRFS would have forced these stingy jokers to mark the investment portfolio to the market rate. shareholders will have to wait for the audited annual report to see the marks (RENU should have a NAV of ~450), but looks like the NAV will be unobtainable for minority shareholders will only see a dividend of Rs 6.
But who knows maybe the management will wake up and as some in the forum would say split coming, split coming?

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
Running the business like a close family affair sucks. Absolute disregard to minority holding worries...

Jake Sully

Jake Sully
Manager - Equity Analytics
Manager - Equity Analytics
It is the ICASL who should be blamed and not the company. There shouldn't be an interim arrangement in the first place.

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@anu wrote: Absolute disregard to minority holding worries...

Remember RENU did a short term theft of 300 million+ of shareholder money to set up a related party business in Australia (probably run by a management mistress or a boyfriend or some such).

Holding 1.1 billion in cash without returning value to minority shareholders is an absolute joke inline with the bs done by the likes of Rishan, Baloney and Greggers. Stingyaiah must be using the cash notes as toilet paper. Anybody holding this joke as a LT holding should go to the AGM and ask some questions from mismanagement.

That being said both RENU and CABO have turned into good ST trading shares.

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jake Sully wrote:It is the ICASL who should be blamed and not the company. There shouldn't be an interim arrangement in the first place.

If BALA (which is a black hole for minority shareholders) can manage to do the marks for the March quarter, why can't Stingyaiah do it? Just pure laziness and disinterest.

Jake Sully

Jake Sully
Manager - Equity Analytics
Manager - Equity Analytics
And agn, if you can't blame the institute, blame the company auditors. Normally the new standards are applied by the auditors of the company and not the company accountant. In SL, A very FEW companies involve their auditors to review the quarterly statements. So the poor accountant will go for the easy step leaving behind the rest of the work to the auditors at year end.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
As people mentioned, how the minority holders are treated with especially RENU( due to Rs 160 per share cash) is rather disgusting.

For RENU as jiggy mentioned Rs 6 dividend is a joke to start with. They may increase it to Rs 6.5 or Rs 7 this time!

These shares was almost dead during the past period and now come alive a bit. High time management take notice to treat their minorty holders if they care.


CABO cash in hand now is about Rs 10-11 but it can all change if they get any realize any capital gains in the future.

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@slstock wrote:As people mentioned, how the minority holders are treated with especially RENU( due to Rs 160 per share cash) is rather disgusting.

For RENU as jiggy mentioned Rs 6 dividend is a joke to start with. They may increase it to Rs 6.5 or Rs 7 this time!

These shares was almost dead during the past period and now come alive a bit. High time management take notice to treat their minorty holders if they care.


CABO cash in hand now is about Rs 10-11 but it can all change if they get any realize any capital gains in the future.

Some of you act as if you started on the CSE yesterday.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
And some of you act if nothing will never change and there is no possibility also.

If you have info just share directly.




@Bond wrote:
@slstock wrote:As people mentioned, how the minority holders are treated with especially RENU( due to Rs 160 per share cash) is rather disgusting.

For RENU as jiggy mentioned Rs 6 dividend is a joke to start with. They may increase it to Rs 6.5 or Rs 7 this time!

These shares was almost dead during the past period and now come alive a bit. High time management take notice to treat their minorty holders if they care.


CABO cash in hand now is about Rs 10-11 but it can all change if they get any realize any capital gains in the future.

Some of you act as if you started on the CSE yesterday.

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