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TAJ Lanka. TAJ.N0000

+4
kcrRanz
Market R
MARKETWATCH2
skyfall
8 posters

Go down  Message [Page 1 of 1]

1TAJ Lanka. TAJ.N0000 Empty TAJ Lanka. TAJ.N0000 Mon Sep 08, 2014 9:13 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

An ignored share with a road to recovery.

Their turnover and profits reduced significantly in last few quarters to due refurbishment.
However the major refurbishment had been completed successfully just a few months back.
Holding a property that boasting 300 bedrooms and 11+ acre land.

This can get direct benefits from the construction boom of planned new colombo port city.

Worthy buy. That's for sure

2TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 09, 2014 10:39 am

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Once the Chinese PM officially opens the new port city, we can see big buyers will slowly come to this counter.
TAJ share price has not appreciated like other city hotels. Relatively illiquid share as well.

3TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 09, 2014 11:07 am

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Follow the trend. Prepare for the second wave. Identify the support.

4TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 09, 2014 6:13 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Investors showed some interest today.
Once this was trading above Rs75.00 without huge potentials like construction work of new port city & Indian middle class tourists.

5TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 09, 2014 6:22 pm

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Hotel sector have a good future in sri lanka if the economy and development increes. Still sri lanka have to develop hotel sector and need to protect tourist attractions in sri lanka. Still long way to go.

6TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 09, 2014 8:59 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

skyfall wrote:An ignored share with a road to recovery.

Their turnover and profits reduced significantly in last few quarters to due refurbishment.  
However the major refurbishment had been completed successfully just a few months back.
Holding a property that boasting 300 bedrooms and 11+ acre land.

This can get direct benefits from the construction boom of planned new colombo port city.

Worthy buy. That's for sure



According to my Knowledge that 11 acre land is under the 99 years Tax plan.Its not a property of Taj hotel.This quarter reports already ll come with Negative result due to 3rd floor and Ball room refurbishment is going on.Only 66% of the Hotel rooms are operating.Maximum turnover for the quarter end up with 30th Sep will be 460 million LKR. Personally im not seen any special reason to buy the TAJ at the moment. Its net assets value is under 15/= rs. Eps is minus.How it's trading around 35 rs. If KHC value more than 12/=.

7TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 09, 2014 9:02 pm

samcader


Manager - Equity Analytics
Manager - Equity Analytics

Taj  has  suspended  the  Annual  Complementary  lunch  voucher  sent  along  with  Annual Report  to  shareholders.

8TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Wed Sep 10, 2014 5:42 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kcrRanz wrote:
skyfall wrote:An ignored share with a road to recovery.

Their turnover and profits reduced significantly in last few quarters to due refurbishment.  
However the major refurbishment had been completed successfully just a few months back.
Holding a property that boasting 300 bedrooms and 11+ acre land.

This can get direct benefits from the construction boom of planned new colombo port city.

Worthy buy. That's for sure



According to my Knowledge that 11 acre land is under the 99 years Tax plan.Its not a property of Taj hotel.This quarter reports already ll come with Negative result due to 3rd floor and Ball room refurbishment is going on.Only 66% of the Hotel rooms are operating.Maximum turnover for the quarter end up with 30th Sep will be 460 million LKR. Personally im not seen any special reason to buy the TAJ at the moment. Its net assets value is under 15/= rs. Eps is minus.How it's trading around 35 rs. If KHC value more than 12/=.
You must be living in another planet.

Of course that land is a leased one from UDA. It’s not only TAJ who has leased lands but Galadari and Kingsbury as well. SERV’s leasehold rights starts from 1970 and TAJ it’s from 1981.

TAJ still have leasehold right of the land for another 65 years.! That’s more than enough time to focus on a new building if they want .

TAJ’s leasehold rights valued mere Rs867million. You can’t even get an acre for 65 years lease for that price in Colombo.

Last revaluation on TAJ was carried out back in 2010. So many things happened around Galleface green since then.

EPS is negative? It’s not unusual to have negative EPS when a hotel is doing a refurbishment. Most of the listed hotels showed negative EPS when they do refurbishments.


9TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Thu Sep 11, 2014 9:58 am

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

samcader wrote:Taj  has  suspended  the  Annual  Complementary  lunch  voucher  sent  along  with  Annual Report  to  shareholders.
I would be happy to see a hotel more focus on refurbishment than giving a linch voucher to small investors.
In the future they will start giving it again.

10TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Thu Sep 11, 2014 11:15 pm

Dr Stock

Dr Stock
Co-Admin

they are doin refurbishment thats true.
But do they close the hotel or part of the hotel due to refurbishment ?
Their total revenue has gone down mainly due to very poor income from accomodation.
If the hotel or part closed this low income from accomodation is acceptable.
Otherwise it means , it has become less attractive among tourists.
Value your views...

11TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Tue Sep 16, 2014 9:58 am

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dr Stock wrote:they are doin refurbishment thats true.
But do they close the hotel or part of the hotel due to refurbishment ?
Their total revenue has gone down mainly due to very poor income from accomodation.
If the hotel or part closed this low income from accomodation is acceptable.
Otherwise it means , it has become less attractive among tourists.
Value your views...

The hotel was not operating 100% due to this huge refurbishment. Hence the drop in revenue. That will soon start picking up.

Near to Galleface green only TAJ and SERV did the refurbishment recently.
SERV price has appreciated more than 50% in last few months but not TAJ.

SERV did the refurbishment slightly ahead of TAJ.

12TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Thu Sep 18, 2014 10:03 am

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Colombo port city was open 17th September. TAJ can get direct benifits during the construction period. Most foreign officers have to stay, eat somewhere close to this project. TAJ can fills the requirement nicely.

http://www.news.lk/news/business/item/2987-colombo-port-city-project-will-be-launched-today

Electricity price has been reduced by 25%. That helps to reduce TAJ's operational costs.

13TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Thu Sep 18, 2014 10:21 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Around that area there are some more hotels are located. Gallface Hotel,Kigsbury,Hilton,Taj etc...

Some time they can go to a THOSE KADE also

14TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Thu Sep 18, 2014 3:54 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Market R wrote:Around that area there are some more hotels are located. Gallface Hotel,Kigsbury,Hilton,Taj etc...

Some time they can go to a THOSE KADE also

There are three listed hotels around gallface green. SERV, GHLL & TAJ.
SERV had a good run after impressive quarter result. They did it only after refurbishment.
GHLL also had a decent run but a major refurbishment is over due.

TAJ so far havent had any run due to poor quarter results. That's because they were going through a major refurbishment. Things can only get better.

15TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Sat Sep 20, 2014 5:57 pm

Vichy

Vichy
Equity Analytic
Equity Analytic

skyfall wrote:
Market R wrote:Around that area there are some more hotels are located. Gallface Hotel,Kigsbury,Hilton,Taj etc...

Some time they can go to a THOSE KADE also

There are three listed hotels around gallface green. SERV, GHLL & TAJ.
SERV had a good run after impressive quarter result. They did it only after refurbishment.
GHLL also had a decent run but a major refurbishment is over due.

TAJ so far havent had any run due to poor quarter results. That's because they were going through a major refurbishment. Things can only get better.

Skyfall

It seems to me that you are trying to promote this stock.

Other than that. I dont see any point in your arguments. Colombo Port city is mainly handled by Chinese. Dont you know the simple equation = Chinese HATE Indians. Smile Smile



16TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Sat Sep 20, 2014 7:53 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

[quote]


Vichy
[quote="skyfall"][quote="Market R"]Around that area there are some more hotels are located. Gallface Hotel,Kigsbury,Hilton,Taj etc...

Some time they can go to a THOSE KADE also[/quote]

There are three listed hotels around gallface green. SERV, GHLL & TAJ.
SERV had a good run after impressive quarter result. They did it only after refurbishment.
GHLL also had a decent run but a major refurbishment is over due.

TAJ so far havent had any run due to poor quarter results. That's because they were going through a major refurbishment. Things can only get better. [/quote]

Skyfall

It seems to me that you are trying to promote this stock.

Other than that. I dont see any point in your arguments. Colombo Port city is mainly handled by Chinese. Dont you know the simple equation = Chinese HATE Indians. Smile Smile



[/quote]



Ask anyone about Indians and you would get a similar answer.
Anyway, hate is relative! All that matters is to what degree and why.
Wait till we get some super aid from India and we would not give her the Red Carpet Treatment.

17TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Sat Sep 20, 2014 11:49 pm

Dr Stock

Dr Stock
Co-Admin

Agree with rocky.
port city has nothing to do with TAJ.
i also wonder what will be the fate of small hotels in Colombo
when big hotels started operating.




18TAJ Lanka. TAJ.N0000 Empty Re: TAJ Lanka. TAJ.N0000 Wed Oct 15, 2014 1:43 pm

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Moving at the right direction. Still a very long way to go.
Current price is only Rs37.00 & this was trading above Rs60.00 without the any refurbishments.
Compare to other listed hotels around galleface green, TAJ havent had any good run yet. However things are gonna get change soon.

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