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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LEE HEDGES PLC (SHAW.N0000)

LEE HEDGES PLC (SHAW.N0000)

+15
dhanurrox
Meman
KDDND
smallville
seyon
balapas
Slstock
The Alchemist
nirowat
Redbulls
sriranga
Gaja
rainmaker
Jiggysaurus
UKboy
19 posters

Go to page : Previous  1, 2, 3  Next

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26LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Sun Nov 17, 2013 3:52 pm

Jiggysaurus


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

nirowat wrote:problem is cannot trust the management or the directorship to utilise the money well.

likely to siphon it off somewhere and the poor small holder will not see any of it.

As Jiggy mention, best example is RENU, after all the cash reserves accumulated, they cut the dividend payment !

Exactly, minority shareholders are at the mercy of stingy managers/directors.

In the case of SHAW, they will end up showing an EPS of around 200 for the quarter ended December (since the land sale went through in October), realistically they will need to pay a dividend of 50 to 100 during 2014 otherwise this will be a lost case just like RENU. The bigger shareholders like Elgin, Gulamhusein, pierre lanka and rosewood will need to push the directors and unlock the value.

The good thing with SHAW is that an NAV of 650 can be brought for around 250 which is a safer deal than RENU (NAV of480 going for 250)

27LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Tue Nov 19, 2013 12:09 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Jiggysaurus wrote: The bigger shareholders like Elgin, Gulamhusein, pierre lanka and rosewood will need to push the directors and unlock the value.
We have 10213 registered users
The newest registered user is sagulamhusein

28LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 12:25 pm

UKboy


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

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.......

29LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 12:41 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Two Sell orders in total for 133,720 shares

30LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 12:46 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics

Are they genuine is a question?


Gaja wrote:Two Sell orders in total for 133,720 shares

31LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 12:50 pm

UKboy

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

Gaja wrote:Two Sell orders in total for 133,720 shares

This must come from top 5-15. (unless it changed since last Q report)

Genuine or not. Yes another question.

32LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 1:27 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

UKboy wrote:
Gaja wrote:Two Sell orders in total for 133,720 shares

This must come from top 5-15. (unless it changed since last Q report)

Genuine or not. Yes another question.

That sell order is from the Pierre Lanka Exports account. If it's a genuine "sell" then a push will need to happen. Direction and momentum of the share will be known by the end of the month (see the funny trades today and the state of the current order book)

33LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 2:09 pm

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The sell order vanished.

34LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 2:10 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

They are gone now.

slstock wrote:Are they genuine is a question?


Gaja wrote:Two Sell orders in total for 133,720 shares

35LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 3:02 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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..

36LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 3:35 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

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..            

37LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 3:58 pm

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

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)

38LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) Wed Feb 05, 2014 4:03 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

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)

39LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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

40LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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?

41LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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.

42LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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)

43LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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 

44LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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 

45LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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

46LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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.

47LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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???

48LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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

49LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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

50LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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

51LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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"

52LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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.

53LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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...

54LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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?

55LEE HEDGES PLC (SHAW.N0000) - Page 2 Empty Re: LEE HEDGES PLC (SHAW.N0000) 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 :-)

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