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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RENU- A Detailed Analysis..... Value Stock

RENU- A Detailed Analysis..... Value Stock

+5
UKboy
smallville
mark
kam2011
seyon
9 posters

Go down  Message [Page 1 of 1]

seyon


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

RENU remains to be value stock; there may be few members who interested on this. I just analyzed its financial.
RENU has following strong factors………. ( Based 31.12.2010 Quarter Financial Statement)
EPS – RS.24.89 .... Annualized EPS - 33
Net Asset / Share - Rs.234
PE ratio - 10x (Lowest PE, whereas Market PE 27.)
Last Six Month Price Movement – High Rs.450 ( October) Low –Rs.300 ( December)
Current Price- Rs.355
Issued Shares Qty – 7mn Shares. ( Possibility for Share split). Further major share holders hold 88%. Hence floating shares only 12%.

Further RENU has strong investment portfolio including some of blue ship companies, this investment is reported in the financial as long term investment and carried at COST ( As per SLAS). When value the investment holding @ current market price that value of the investment amounts to 2.3Bn, where as cost only 816Mn.

Hence Value of investment portfolio is attributable to eash RENU shares about Rs.338 (2.3Bn/7Mn)

The detailed information of its portfolio gathered from its annual report and adjusted share splits (DFCC, COMB and RICH). Pls refer the attachment.

Note: Reported cost of Investment as of 31.12.2010 – 876Mn whereas cost of investment as at 31.03.2010 is Rs.816Mn. Hence RENU made additional investment in its portfolio during the year.

Pls refer the attachment...
Attachments
RENU- A Detailed Analysis.....  Value Stock AttachmentRENU.xlsx
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kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Thank you seyon. It's realy interesting. I also noted the value of RENU about two months ago and I bought 2000 shares at 350-360 levels. They have recorded an attractive EPS for 9 months despite the closer of room accomodation for refurbishment from 1st sep. to Dec.2011. This year their dividend income too may go up( DFCC 7/- interim)I have catogorised this counter as a very positive one and I beleive I can make a good profit from this investment.

mark

mark
Expert
Expert

look these posts also

http://forum.srilankaequity.com/t614-is-this-another-hidden-gem-renu?highlight=renu#4859

http://forum.srilankaequity.com/search?mode=searchbox&search_keywords=renu&show_results=posts

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Good mid to long term hold in deed.. Biggest asset is their investment portfolio.. Being a hotel, this could be the cheapest investment trust in the market if we value their portfolio.. Wink

Thanks Seyon for reminding abt this..

UKboy

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

Thanks Seyon,

Without a question this is one of the best hotel sector share you can buy. But I do not think that they can show very impressive Q1 profits. They done a Rs 125 million refurbishment & the hotel was closed for 3 months. If you are a short term investor this may not your cup of tea.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

RENU is not only a good hotel share but it is like an investment trust due to its great portfolio as mentioned by Seyon. Like UKBoy mentioned they were under refurbishment for a while so the last 2 quarter profits will not be the greatest . But they did rent our their receptions halls even in the time of the closing to make amends. Good planning. I think starting this quarter they might get back to normal. Their hotel business before brought in profit in times of difficulties. One thing this is not a short term share as mentioned. It is for medium to long term. Patience will bring rewards

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics

As per this Bloomberg graph, RENU is just above its upper Bollinger Band, which is considered as a signal to SELL.
http://www.bloomberg.com/apps/quote?ticker=RENU:SL

On the other hand - Yesterday, its MACD line moved from below zero to above zero, which is a BUY signal.

I have bought RENU for its fundamentals, but what I want to know is:
In technical analysis, which of these 2 signals is more convincing - Bollinger Bands or MACD Line? (By the way, RSI is at 62.5)

Technically, I am confused! Can someone kindly make sense of the data above?

seyon


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

Antonym wrote:As per this Bloomberg graph, RENU is just above its upper Bollinger Band, which is considered as a signal to SELL.
http://www.bloomberg.com/apps/quote?ticker=RENU:SL

On the other hand - Yesterday, its MACD line moved from below zero to above zero, which is a BUY signal.

I have bought RENU for its fundamentals, but what I want to know is:
In technical analysis, which of these 2 signals is more convincing - Bollinger Bands or MACD Line? (By the way, RSI is at 62.5)

Technically, I am confused! Can someone kindly make sense of the data above?

Yes antonym, I am also little bit confused by looking these charts.. But i can see some buying interest in last couple of days...

will see how will react...

Soundchips


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

seyon wrote:
Antonym wrote:As per this Bloomberg graph, RENU is just above its upper Bollinger Band, which is considered as a signal to SELL.
http://www.bloomberg.com/apps/quote?ticker=RENU:SL

On the other hand - Yesterday, its MACD line moved from below zero to above zero, which is a BUY signal.

I have bought RENU for its fundamentals, but what I want to know is:
In technical analysis, which of these 2 signals is more convincing - Bollinger Bands or MACD Line? (By the way, RSI is at 62.5)

Technically, I am confused! Can someone kindly make sense of the data above?

Yes antonym, I am also little bit confused by looking these charts.. But i can see some buying interest in last couple of days...

will see how will react...

Do you think investment trusts can come up with better financials this week...!

amateur


Equity Analytic
Equity Analytic

Antonym wrote:As per this Bloomberg graph, RENU is just above its upper Bollinger Band, which is considered as a signal to SELL.
http://www.bloomberg.com/apps/quote?ticker=RENU:SL

On the other hand - Yesterday, its MACD line moved from below zero to above zero, which is a BUY signal.

I have bought RENU for its fundamentals, but what I want to know is:
In technical analysis, which of these 2 signals is more convincing - Bollinger Bands or MACD Line? (By the way, RSI is at 62.5)

Technically, I am confused! Can someone kindly make sense of the data above?

thanks very much bro.......collected some more

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