Nine Months EPS: 34.91
Net Asset Value: 506.06
http://www.cse.lk/cmt/upload_report_file/569_1389868131.pdf
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Redbulls wrote:RENU last 8 years datas
http://sharemarket-srilanka.blogspot.co.uk/2014/01/company-fact-sheet-renuka-city-hotels.html
Yes, it is unusual that RENU released results so early (in January!), but it was on the CSE website before market opened... In the financial statements, DFCC would have been valued at Rs 129, i.e. closing price on 31.12.2013.slstock wrote:Bit odd they released it during market times and without/before CABO.
Maybe they wanted to show the NAV during market times due portfolio gains (mainly DFCC)
Antonym wrote:Yes, it is unusual that RENU released results so early (in January!), but it was on the CSE website before market opened... In the financial statements, DFCC would have been valued at Rs 129, i.e. closing price on 31.12.2013.slstock wrote:Bit odd they released it during market times and without/before CABO.
Maybe they wanted to show the NAV during market times due portfolio gains (mainly DFCC)
More than 21,000 RENU shares changed hands today at an average price of Rs 277.30. There was some big buying, which was offset by some big sell orders from DSA (Capital Trust?).
Last edited by Monster on Fri Jan 17, 2014 8:39 pm; edited 1 time in total
Monster wrote:RENU holds cash & cash equivalents of Rs 1.36 in it's balance sheet, which is equivalent to Rs 190/- per share.
I hope they wouldn't issue to cash to a sister company as loan.
Fresher wrote:Monster wrote:RENU holds cash & cash equivalents of Rs 1.36 in it's balance sheet, which is equivalent to Rs 190/- per share.
I hope they wouldn't issue to cash to a sister company as loan.
Well I guess one might be tempted to trade on the assumption that they must do something with the money at some point of time. Either reinvest or pay back to shareholders. Is it worth the wait for that to happen?
As per the loan to sister company, as far as the exchange rate is considered then and now, I don't think it has been too bad a thing if the loan was given in AUD, is it?
slstock wrote:The AUD loan was fully paid back. All done now.Fresher wrote:Monster wrote:RENU holds cash & cash equivalents of Rs 1.36 in it's balance sheet, which is equivalent to Rs 190/- per share.
I hope they wouldn't issue to cash to a sister company as loan.
Well I guess one might be tempted to trade on the assumption that they must do something with the money at some point of time. Either reinvest or pay back to shareholders. Is it worth the wait for that to happen?
As per the loan to sister company, as far as the exchange rate is considered then and now, I don't think it has been too bad a thing if the loan was given in AUD, is it?
Fresher wrote:slstock wrote:The AUD loan was fully paid back. All done now.Fresher wrote:Monster wrote:RENU holds cash & cash equivalents of Rs 1.36 in it's balance sheet, which is equivalent to Rs 190/- per share.
I hope they wouldn't issue to cash to a sister company as loan.
Well I guess one might be tempted to trade on the assumption that they must do something with the money at some point of time. Either reinvest or pay back to shareholders. Is it worth the wait for that to happen?
As per the loan to sister company, as far as the exchange rate is considered then and now, I don't think it has been too bad a thing if the loan was given in AUD, is it?
my bad. I missed that. When did that happen sls? I was following this on and off due to the nature of the management regarding the exact reasons that you mentioned.
slstock wrote:Yes, with RENU/CABO expecting big dividends are out ( unless the stingy management changes their attitudes). However if it runs , the room for value based share appreciation is more . If someone who can push gets into it, this has room to give more than 100% ( based on NAV it self) . Will it happen, and when I don't know. But some day it should.
Fresher wrote:slstock wrote:Yes, with RENU/CABO expecting big dividends are out ( unless the stingy management changes their attitudes). However if it runs , the room for value based share appreciation is more . If someone who can push gets into it, this has room to give more than 100% ( based on NAV it self) . Will it happen, and when I don't know. But some day it should.
That probably is the case with most illiquid stocks isn't it. Some have huge value but due to low liquidity they do not trade at a fair price. If these generate attractive ROE then it is worth holding it for longer periods under the assumption that the price will move up at some point of time making up for the time as well
KDDND wrote:Yes, there is no questions with CABO/RENU...... But life with COCR/JINS/TJL/PLC...... Giving good dividend
Yield...... And some trading opportunities....once or twice per month...... But not to fully load and unload.... Instead partly...... I feel life with these counters is ACTIVE........ I like that feeling......
However CABO is more fluctuating than RENU..... In these days..... ??????
Fresher wrote:KDDND wrote:Yes, there is no questions with CABO/RENU...... But life with COCR/JINS/TJL/PLC...... Giving good dividend
Yield...... And some trading opportunities....once or twice per month...... But not to fully load and unload.... Instead partly...... I feel life with these counters is ACTIVE........ I like that feeling......
However CABO is more fluctuating than RENU..... In these days..... ??????
It all comes down to the type of investor/trader. Everyone has/would have their own strategy and that's the reason why it's not wise to follow someone blindly.
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