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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Lee Hedges Plc(SHAW.N0000)

Lee Hedges Plc(SHAW.N0000)

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1Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) Yesterday at 10:26 am

RJ1010


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
One company I’m following closely for super gains in LT...under the radar for many
Director buying seen...

Director's name
Mr S R Vamadevan
Non Independent Executive Director
Date notification to the board
13 Jan 2021
TRANSACTION TYPE Purchase
TRANSACTION DATE (DD/MM/YYYY) 08 Jan 2021
QUANTITY 285,414
PRICE (LKR) 80.00

2Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Mon Sep 22, 2014 12:04 pm

Wessa123


Manager - Equity Analytics
Manager - Equity Analytics
@PrabathR wrote:is this good

Look like u have bought it ??

3Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Mon Sep 22, 2014 11:57 am

PrabathR


Manager - Equity Analytics
Manager - Equity Analytics
is this good

4Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Thu Aug 28, 2014 5:24 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Jiggysaurus wrote:
@dhanurrox wrote:Good dividend from this group is like "Ibbagen pihatu"

Maybe Ibba giving pihatu this time?

Even though im out, ibba gave a dividend this time :-)

5Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Mon Aug 25, 2014 1:09 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@dhanurrox wrote:Good dividend from this group is like "Ibbagen pihatu"

Maybe Ibba giving pihatu this time?

6Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Mon Aug 25, 2014 12:50 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@skyfall wrote:A large buyer is collecting shares and price is moving up slowly.
Good times ahead.

SHAW you beauty...

7Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Thu Jul 24, 2014 3:15 am

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
A large buyer is collecting shares and price is moving up slowly.
Good times ahead.

8Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Tue Mar 11, 2014 7:38 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
Good dividend from this group is like "Ibbagen pihatu"

9Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Tue Mar 11, 2014 7:29 pm

Meman


Manager - Equity Analytics
Manager - Equity Analytics
They can still pay a dividend if they want as they have about 1.8bn in short term investments. This will take 1.2bn but do companies go for a project with 100% cash?? highly unlikely. So still possibility of a div unless they think of something else

10Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Tue Mar 11, 2014 6:49 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Meman wrote:No real idea what kind of impact this will have on this share but think not positive as no dividend will be declared


Then SHAW=RENU but we will have a lot of office properties in future

11Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Tue Mar 11, 2014 6:04 pm

Meman


Manager - Equity Analytics
Manager - Equity Analytics
No real idea what kind of impact this will have on this share but think not positive as no dividend will be declared

http://www.lankabusinessonline.com/news/sri-lanka-lee-hedges-in-us$9mn-office-complex/191001726

12Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Thu Feb 13, 2014 5:38 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
EPS maxxa......
why it is not like NEST or CTC ......????
reasons???

13Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Thu Feb 13, 2014 4:47 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Here is what we were expecting

http://www.cse.lk/cmt/upload_report_file/632_1392287042422.pdf

Badu ready for eating.

EPS 200+ (will never repeat), NAV 650, share trading at 250 (only happens in the CSE).

Price should stay around current levels till either a dividend is declared or till big fishes start to bit.

If a proper dividend is not declared this will also be in the same boat as RENU. Let's see if minority shareholders get to enjoy the SHAW.

14Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Thu Feb 13, 2014 4:34 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Here is what we were expecting

http://www.cse.lk/cmt/upload_report_file/632_1392287042422.pdf

15Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Wed Feb 05, 2014 9:15 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jiggysaurus wrote:
@seyon wrote:

Jiggy,

I did not confuse and i am not an accounting professional.  so can u explain me why the impairment provision was made within a short period and how that would impact to shareholder's wealth.    

Neither am I, maybe some expert will be happy to take time to explain to a "global moderator"?

What I can quickly explain is- The subsidiary is 100% owned so don't waste time looking at company accounts look at the group statements.
-The money given to the subsidiary was to build an apartment block (the company accounts has this 772 million as receivable from sub, the group accounts has this as inventory). Basically the cash got turned into inventory and due to up and down parts impairments it has finally ended up as 772 million in value. As per the AR this 772 million will now get turned into 840 million in cash (note 18b in AR)

Oops......... U know.... I can't even think of what you experts are thinking...
But when u discuss.... I feel .... Yes these points are so important......
Welldone experts go head.... I will try to catch WORD by WORD...

Oh gods! I too did some investings without knowing these BIG things! Embarassed 

16Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Wed Feb 05, 2014 9:06 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Jiggysaurus wrote:
@seyon wrote:

Jiggy,

I did not confuse and i am not an accounting professional.  so can u explain me why the impairment provision was made within a short period and how that would impact to shareholder's wealth.    

Neither am I, maybe some expert will be happy to take time to explain to a "global moderator"?

What I can quickly explain is- The subsidiary is 100% owned so don't waste time looking at company accounts look at the group statements.
-The money given to the subsidiary was to build an apartment block (the company accounts has this 772 million as receivable from sub, the group accounts has this as inventory). Basically the cash got turned into inventory and due to up and down impairments it has finally ended up as 772 million in value. As per the AR this 772 million will now get turned into 840 million in cash (note 18b in AR)

Global or not, moderators are not necessarily be experts in the subject matter. Positions were given for the commitment they had towards the forum.

So I would be interested in knowing the problem you have about this 'global moderator' thing if the aforementioned is not clear..  rabbit 

17Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Wed Feb 05, 2014 4:59 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@seyon wrote:

Jiggy,

I did not confuse and i am not an accounting professional.  so can u explain me why the impairment provision was made within a short period and how that would impact to shareholder's wealth.    

Neither am I, maybe some expert will be happy to take time to explain to a "global moderator"?

What I can quickly explain is- The subsidiary is 100% owned so don't waste time looking at company accounts look at the group statements.
-The money given to the subsidiary was to build an apartment block (the company accounts has this 772 million as receivable from sub, the group accounts has this as inventory). Basically the cash got turned into inventory and due to up and down impairments it has finally ended up as 772 million in value. As per the AR this 772 million will now get turned into 840 million in cash (note 18b in AR)

18Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Wed Feb 05, 2014 4:48 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jiggysaurus wrote:
@slstock wrote:Jiggy,

Agree on the first point : we should look at Group.

On second point, having access to Company accounts also will be useful
 ( For Ex : To figure RCL core company earnings etc)



For companies like JKH, CARS and HAYL separately showing company accounts is utter nonsense (there is no such thing as a core company inside that group). Which is why the parent companies of Caltex or Nestle only reports group statements. Anyway this is something for accountants to sort out, Sri-Lanka would be around 40-50 years behind other markets so we might get inline by 2070.

In the case of SHAW the subsidiary is 100% owned so it is extra utter nonsense to report company accounts separately. If it can confuse "global moderators" like Seyon imagine how non global moderators are going to read the statements?

Jiggy,

I also wonder how i was promoted as global moderators even i was out of the forum for last two years. So dont designate me as global moderator.

i am not an accounting professional but I did not confuse . so can u explain me why the impairment provision was made within a short period and how that would impact to shareholder's wealth.

19Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Wed Feb 05, 2014 4:21 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Jiggy,

Agree on the first point : we should look at Group.

On second point, having access to Company accounts also will be useful
 ( For Ex : To figure RCL core company earnings etc)



For companies like JKH, CARS and HAYL separately showing company accounts is utter nonsense (there is no such thing as a core company inside that group). Which is why the parent companies of Caltex or Nestle only reports group statements. Anyway this is something for accountants to sort out, Sri-Lanka would be around 40-50 years behind other markets so we might get inline by 2070.

In the case of SHAW the subsidiary is 100% owned so it is extra utter nonsense to report company accounts separately. If it can confuse "global moderators" like Seyon imagine how non global moderators are going to read the statements?

20Lee Hedges Plc(SHAW.N0000) Empty Re: Lee Hedges Plc(SHAW.N0000) on Wed Feb 05, 2014 4:10 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Jiggy,

Agree on the first point : we should look at Group.

On second point, having access to Company accounts also will be useful
 ( For Ex : To figure RCL core company earnings etc)

@Jiggysaurus wrote:
@slstock wrote:Seyon.

There was an issue with this Subsidiary and BOI  .    Check chairman's message and rest of report to figure that and anything to do with the issue you mentioned.


@seyon wrote:
@UKboy wrote:Who will pocket the money? Owners? Will they give at least a small portian to mini stake holders? Whats gonna happen with Mayfair city?
Will they dissolve the company? Hmmmm.......

UKboy, Did you notice amounts due from subsidiary and impairment provision thereon ( Page 30 of AR). Rs. 590Mn was given during the F/Y 2013 to its subsidiary , out of which Rs.340 Mn was made as impairment provision within one year period. It seems someone pockets the money..            

This is why shareholders should look at the Group accounts instead of wasting time on Company accounts. Accountants should only just release the consolidated accounts (US/UK only shows the consolidated statements)

Agree there there won't be any impact on group companies payable and receivable in the consolidated a/c. However why want to make an impairment provision with regard to receivables within a very short period. If company can not recover, it is lost to the shareholder

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