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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » HPWR capital gain 531 million, Sold out subsidiarie company of Heladhanavi at 531 million

HPWR capital gain 531 million, Sold out subsidiarie company of Heladhanavi at 531 million

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
HPWR sold subsidiarie company of Heladhanavi (Thermal Power company) at LKR 531 Million to Lakdhanavi.

From this sale per share 4.50 capital gain this should be go for share holders .


Other share holders highly expecting mandatory offer price more than 22.00 (17.90 + 4.50 = 22.40)

HPWR Next Financial Report Highly expecting Earning per share 4.50+ and Net Asset Value Per Share 25.00 +

http://www.cse.lk/cmt/uploadAnnounceFiles/2571414493829_881.pdf

HPWR also owns 29.30% of PAP. it's going to Sell or takeover and mandatory offer for PAP

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Then it's HPWR Valuable and fundamentaly good company future out look also very good.
Few year ago good profits making company and Dividend also paid every years.
Dividend For 2014 still not pay and Highly expecting atleast 3.50 because they sold subsidiarie Heladhanavi company, From this sale 531 million in cash.

Record for the Last every years Dividend paid

Dividend Announcement for 2014 very soon  Very Happy

Date of Announcement: - 29.Aug.2013
Rate of Dividend: - Rs. 0.75 per share / Interim Dividend
Financial Year: - 2013/2014
XD: - 09.Sep.2013
Payment: - 18.Sep.2013
Share Transfer Book Open

Date of Announcement:-15.May.2012
Rate of Dividend: - Rs.1.40 per share / Interim Dividend
Financial Year: - 2012/2013
XD: - 24.May.2012
Payment: - 01.June.2012
Share Transfer Book Open
                                                 
07 June 2011
HEMAS POWER PLC
Company ID: - HPWR
Date of Announcement:-07.Jun.2011
Rate of Dividend: - Rs. 2.00 per share / Interim Dividend
Financial Year: - 2011/2012
XD:-17.Jun.2011
Payment: - 28.Jun.2011
Share Transfer Book Open

07 June 2010
Company ID:- HPWR
Date of Announcement:-07.June.2010
Rate of Dividend:- Rs.1.30 per share Interim Dividend
Financial Year:- 2010/2011 (AMENDED)
Shareholder Approval:- Not Required
XD:-16.June.2010
Payment:- 24.June.2010
Share Transfer Book Open

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
HWPR if they will give Mandatory offer at 17.90 no one accept because they have capital gain from sale

of subsidiarie company Heladhanavi and they should give the Mandatory offer price more than 22.00 or

they have to pay Dividend atleast 4.00 before end of mandatory offer.

NDB Capital holding and ACL they should consider seriously about this matter.

We are highly expecting Dividend or Mandatory offer price more than 22.00

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Gainer wrote:HPWR sold subsidiarie company of Heladhanavi (Thermal Power company) at LKR 531 Million to Lakdhanavi.

From this sale per share 4.50 capital gain this should be go for share holders .


Other share holders highly expecting mandatory offer price more than 22.00 (17.90 + 4.50 = 22.40)

HPWR Next Financial Report Highly expecting Earning per share 4.50+ and Net Asset Value Per Share 25.00 +

http://www.cse.lk/cmt/uploadAnnounceFiles/2571414493829_881.pdf

HPWR also owns 29.30% of PAP. it's going to Sell or takeover and mandatory offer for PAP


How can this be a capital gain? Can you explain?
This sale is done at a loss.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@hariesha wrote:
@Gainer wrote:HPWR sold subsidiarie company of Heladhanavi (Thermal Power company) at LKR 531 Million to Lakdhanavi.

From this sale per share 4.50 capital gain this should be go for share holders .


Other share holders highly expecting mandatory offer price more than 22.00 (17.90 + 4.50 = 22.40)

HPWR Next Financial Report Highly expecting Earning per share 4.50+ and Net Asset Value Per Share 25.00 +

http://www.cse.lk/cmt/uploadAnnounceFiles/2571414493829_881.pdf

HPWR also owns 29.30% of PAP. it's going to Sell or takeover and mandatory offer for PAP


How can this be a capital gain? Can you explain?
This sale is done at a loss.
In this sale will come on Next financial report.

HPWR sold subsidiarie company of Heladhanavi (Thermal Power company) at LKR 531 Million to Lakdhanavi.

Now they have cash 531 million

http://www.cse.lk/cmt/uploadAnnounceFiles/2571414493829_881.pdf


HPWR Investments in Subsidiarie companys

1. Giddawa Hydro Power (Pvt) Limited  holding 100%

2.Okanda Power Grid (Pvt) Limited  holding 100%

3.Upper Agra Oya Hydro Power (Pvt) Limited  holding 100%

4.Butama Hydro Electricity Company Limited  holding 99%

5.Ella Dendro Electric (Pvt) Limited  holding 75%

6.Panasian Power PLC (sell or takeover)  holding 29%

7.Padiyapelella Hydropower Limited

8.Heladhanavi Limited (now sold at 531 million capital gain)

Details from year end financial report below link

http://www.cse.lk/cmt/upload_report_file/881_1403089229193.pdf



hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Gainer wrote:HWPR if they will give Mandatory offer at 17.90 no one accept because they have capital gain from sale

of subsidiarie company Heladhanavi and they should give the Mandatory offer price more than 22.00 or

they have to pay Dividend atleast 4.00 before end of mandatory offer.

NDB Capital holding and ACL they should consider seriously about this matter.

We are highly expecting Dividend or Mandatory offer price more than 22.00

Can you explain how above transactions give capital gain to HPWR?

Teller

Teller
Moderator
Moderator
This is not a capital gain my friend, study first before advise others. Sold amount how can we consider as a capital gain.


_________________




Teller said is said..

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
according to the Gainer explanation HPWR is one of the best stock
HPWR sold their Heladhanavi company (Thermal Power company)  to Lakdhanavi for  LKR 531 Million rupees
so 531 million divide by share qty 125 Mn then 4.248 rupees earning per share for the HPWR

So this quarter report shows Earning + 4.248 with their other earnings.

So HPWR is good stock

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:This is not a capital gain my friend, study first before advise others. Sold amount how can we consider as a capital gain.

Hemas power (HPWR) Hold 50% Heladhanavi company shaes, now hemas power (HPWR) already sold their subsidiary company Heladhanavi company (Thermal Power company)  to Lakdhanavi for  LKR 531 Million rupees ..in October.
then how to called this profit / amount ???

Check this Link
http://www.cse.lk/cmt/uploadAnnounceFiles/2571414493829_881.pdf

you guys  misunderstand hemas holding sold HPWR to NDB capital holding  and ACL  thats why they offer mandatory now. this is totally different

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Hemas sells 75% stake in power venture for Rs. 1.68 b
 
Hemas Holdings Plc yesterday sold 93.9 million shares constituting approximately 75% of the total issued share capital of Hemas Power at Rs. 17.90 per share.
The buyers were ACL Cables (34.49% stake) and NDB Capital Holdings (32.35%) together with and Trydan Partners (8%).

The consortium will make a mandatory offer shortly.

The deal was first announced in October when Hemas signed a share sale and purchase deal with the consortium of buyers.

As part of the deal Hemas sold the 50% stake (60 million shares) in Heladhanavi, which produces thermal power,

for Rs. 531.75 million to Lakdhanavi Ltd., at Rs. 8.86 per share.


http://www.ft.lk/?s=hemas+power

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@man123 wrote:
@Teller wrote:This is not a capital gain my friend, study first before advise others. Sold amount how can we consider as a capital gain.

Hemas power (HPWR) Hold 50%  Heladhanavi company shaes, now hemas power (HPWR) already sold their subsidiary company Heladhanavi company (Thermal Power company)  to Lakdhanavi for  LKR 531 Million rupees ..in October.
then how to called this profit / amount ???

Check this Link
http://www.cse.lk/cmt/uploadAnnounceFiles/2571414493829_881.pdf

you guys  misunderstand hemas holding sold HPWR to NDB capital holding  and ACL  thats why they offer mandatory now. this is totally different


Yes there is two different Deal :

1.HHL Sold HPWR , From this Deal capital gain for HHL

2.HPWR Sold Heladhanavi thermal power company, From this Deal capital gain for HPWR (per share 4.50)

HPWR currently increase it's value and earning , may be they can pay Dividend atleast 3.50

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Please tell me Net asset Per share of this company
.Heladhanavi Limited

then we can calculate. Capital Gain Of HPWR or Lost.

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I think this deal making lost for HPWR. but good thing iss this deal make a freedom for HPWR. bcz .Heladhanavi Limited making lost during ast few quarters.

we can expect some positive activities from HPWR.
Share price not moving much.


14HPWR capital gain 531 million, Sold out subsidiarie company of Heladhanavi at 531 million  Empty Agreed Mon Dec 08, 2014 11:06 am

MoneyTree

MoneyTree
Senior Equity Analytic
Senior Equity Analytic
@Teller wrote:This is not a capital gain my friend, study first before advise others. Sold amount how can we consider as a capital gain.


This is not a capital Gain.... consider below link and you can study it...


http://www.hemas.com/power-thermalplant-readmore

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@MoneyTree wrote:
@Teller wrote:This is not a capital gain my friend, study first before advise others. Sold amount how can we consider as a capital gain.


This is not a capital Gain.... consider below link and you can study it...


http://www.hemas.com/power-thermalplant-readmore
However they have now 531 million May be possible Dividend

ChinM


Stock Trader
Please consider the following
1. The market sentiments are not strong enough for small investors to rally along with the new major investors
2. The consortium who has invested will definitely have plans to turnaround this company in medium to long term
3. HPWR demanded more investment for new sources of power which HHL could not afford thus the decision for divestment
4. The sale of Heladhanavi for Rs.531Mn would have generated a loss as the carrying value of investment of the project as at 30/09/14 was Rs.683Mn. Thus a possible capital gain to payout a dividend is not possible.
5. Even if they make a capital gain, the new investors would prefer to re-invest rather than paying out as dividends.
6. A better EPS for the current quarter is expected as there will be an adjustment for increase in avoided-cost-tariff related to previous quarter. (I do not understand what it is but as stated in their last quarterly report)

So I would advice not to expect any dividends soon and not to expect a higher mandatory offer. You can not expect ST trading profits on this tock. But considering the profiles of the new investors (NDB Cap & ACL), you can expect a turn around in MT.

AAABoy

AAABoy
Moderator
Moderator
@ChinM wrote:Please consider the following
1. The market sentiments are not strong enough for small investors to rally along with the new major investors
2. The consortium who has invested will definitely have plans to turnaround this company in medium to long term
3. HPWR demanded more investment for new sources of power which HHL could not afford thus the decision for divestment
4. The sale of Heladhanavi for Rs.531Mn would have generated a loss as the carrying value of investment of the project as at 30/09/14 was Rs.683Mn. Thus a possible capital gain to payout a dividend is not possible.
5. Even if they make a capital gain, the new investors would prefer to re-invest rather than paying out as dividends.
6. A better EPS for the current quarter is expected as there will be an adjustment for increase in avoided-cost-tariff related to previous quarter. (I do not understand what it is but as stated in their last quarterly report)

So I would advice not to expect any dividends soon and not to expect a higher mandatory offer. You can not expect ST trading profits on this tock. But considering the profiles of the new investors (NDB Cap & ACL), you can expect a turn around in MT.

Good Post. Thought of putting a reply after seen all comments by others. But when I saw your reply all I wanted to say was in your message. Thank You !!

Also I'm still wondering who is this Trydan Partners. Do you have any idea?


_________________




"The stock market is filled with individuals who know the price of everything, but the value of nothing."        
-Phillip Fisher-  
Arrow  Arrow  Arrow  Arrow  Arrow  Arrow  Arrow  Arrow  Arrow Arrow Arrow  Arrow  Arrow  Arrow  Arrow  Arrow  Arrow  Arrow  Arrow

ChinM


Stock Trader
@AAABoy wrote:
@ChinM wrote:Please consider the following
1. The market sentiments are not strong enough for small investors to rally along with the new major investors
2. The consortium who has invested will definitely have plans to turnaround this company in medium to long term
3. HPWR demanded more investment for new sources of power which HHL could not afford thus the decision for divestment
4. The sale of Heladhanavi for Rs.531Mn would have generated a loss as the carrying value of investment of the project as at 30/09/14 was Rs.683Mn. Thus a possible capital gain to payout a dividend is not possible.
5. Even if they make a capital gain, the new investors would prefer to re-invest rather than paying out as dividends.
6. A better EPS for the current quarter is expected as there will be an adjustment for increase in avoided-cost-tariff related to previous quarter. (I do not understand what it is but as stated in their last quarterly report)

So I would advice not to expect any dividends soon and not to expect a higher mandatory offer. You can not expect ST trading profits on this tock. But considering the profiles of the new investors (NDB Cap & ACL), you can expect a turn around in MT.

Good Post. Thought of putting a reply after seen all comments by others. But when I saw your reply all I wanted to say was in your message. Thank You !!

Also I'm still wondering who is this Trydan Partners. Do you have any idea?

Thank you AAABoy for that note. I understand Tryden Partners are the management team of HPWR. This deal is partly a Management Buy Out

gayanfonseka


Stock Analytic
Stock Analytic
HPWR wede wenne neddooo
My Avg Cost 18.60
What will Happen this Share ??? Sad
Wait or Sell...
Plz give me da advice... Idea

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@gayanfonseka wrote:HPWR wede wenne neddooo
My Avg Cost 18.60
What will Happen this Share ???  Sad
Wait or Sell...
Plz give me da advice... Idea

531M not a gain.
there is 200M lost afer selling that company. I think this should be go down further.
I think its posible to collect 15-16 level also.

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