Interim Financial Statements 31-03-2013 - SHL

Gaja · 1 Interim Financial Statements 31-03-2013 - SHL Fri May 31, 2013 7:22 pm

Gaja

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http://www.cse.lk/cmt/upload_report_file/1075_1370005325.pdf

ccsentha · 2 SHL poor results once again? Fri May 31, 2013 10:33 pm

ccsentha

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SHL poor results once again?

qtr eps of .02

not even worth 5rs if this continues...ne??????

ccsentha · 3 Re: Interim Financial Statements 31-03-2013 - SHL Fri May 31, 2013 10:36 pm

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since the IPO they have not made a single good results for atleast one quarter ne??????????

trader911 · 4 Re: Interim Financial Statements 31-03-2013 - SHL Sat Jun 01, 2013 11:09 am

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ccsentha wrote:since the IPO they have not made a single good results for atleast one quarter ne??????????

if we look at the quaterly performance there profit up by almost 100% which is significant,just dont get how they hav calculated eps,and thrs mistake in the qty of the main shareholder.

Slstock · 5 Re: Interim Financial Statements 31-03-2013 - SHL Sat Jun 01, 2013 11:40 am

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RHL and SHL both has got into the same issue.

Considerable revenue growth and acqusitions, but the profit is not showing Sad to see when a company was goign very well in 2010 and 2011, became very ambitous ( that is good) about growth but for several years the profits ( which is what matters to share holder most) does show the improvements they intended.

In SHL case debt was a massive issue before, but with the sale if AAIC and lower interest rates that issue should reduce .

RHL has even reduced debt, and is showing amazing Revenue growth but something is not optimized somewhere. But atleast NAV is growing .

SHL NAV is basically stagnant too.

Hope these two companies can come out to show their true potential.
Both these companies need to restrategize and they can become very formidable.

ccsentha · 6 Re: Interim Financial Statements 31-03-2013 - SHL Sat Jun 01, 2013 3:14 pm

ccsentha

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trader911 wrote:

ccsentha wrote:since the IPO they have not made a single good results for atleast one quarter ne??????????

if we look at the quaterly performance there profit up by almost 100% which is significant,just dont get how they hav calculated eps,and thrs mistake in the qty of the main shareholder.

INTERESTING FACT INDEED.

LAST QUARTER PROFITS - 239,399,795
THIS QUARTER PROFITS - 224,630,672

BUT EPS
LAST QUARTER 0.11
THIS QUARTER 0.02

THIS QUARTER MOST OF THE PROFITS HAVE GONE TO MINORITY INTEREST.

LAST QUARTER MINORITY INTEREST - 154,782,365
THIS QUARTER MINORITY INTEREST - 212,652,818

HENCE

LAST QUARTER PROFITS Attributable to Equity Holders of the Parent - 84,617,430
THIS QUARTER PROFITS Attributable to Equity Holders of the Parent -11,977,854

so eps is low as profits to equity holders have been eaten up by minority interest.

CAN SOME EXPERIENCED MEMBER CLEAR THIS?

(IPO was heavily heavily heavily over priced and retail investors were fooled. this is very very bad for small scale investing community)

Arena · 7 Re: Interim Financial Statements 31-03-2013 - SHL Sat Jun 01, 2013 6:16 pm

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cccentha

U are absolutely correct.
For an example They divest some parts of AAIC. So automatically minority holding goes up while they keep the controlling power. Even though consolidated as a subsidiary, Parent loose a part of the profit,Assets and also liabilities but No dividend is paid so this will not affect much.

ccsentha · 8 Re: Interim Financial Statements 31-03-2013 - SHL Sat Jun 01, 2013 6:44 pm

ccsentha

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Considering the reason performance of SHL, what would be a reasonable price?

i would have to sadly say some thing in the region of 4-6, or may be even lower.

only hospitals are doing good, CRL and AAIC have been divest, so SHL will not get much income from them.

nokia and apple phones are not doing good in world market......

Arena · 9 Re: Interim Financial Statements 31-03-2013 - SHL Sat Jun 01, 2013 10:41 pm

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Yep i dont want to disappoint any body, But
private placement was at Rs.7 then the crap IPO was at 29.
Then they were severely affected by higher interest rates.

Leon · 10 Re: Interim Financial Statements 31-03-2013 - SHL Sun Jun 02, 2013 10:07 pm

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Arena wrote:cccentha

U are absolutely correct.
For an example They divest some parts of AAIC. So automatically minority holding goes up while they keep the controlling power. Even though consolidated as a subsidiary, Parent loose a part of the profit,Assets and also liabilities but No dividend is paid so this will not affect much.

SHL was too aggressive on borrowed money. If I were SHL chairman (Just kidding) I would concentrate on couple of bushiness and use that money for acquisitions.Now the long term borrowing has been a heavy burden on SHL.
I was of the view that SHL would turn around in 1-2 years. But I have to admit, they need more time than that.