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mona unath oya sfs eka wikunuwa ekanam hoda deyak nemei neda?wasanawath market ekedi balapanawa wage neda.mekenwath oyata wasanawa lebenna pathanawa...wish u all the best....wisdom79 wrote:As I said, now you can really understand what is happening here. Director is trying to control the share price until 27th March and then ALHP will run like a rocket. Hold until it reaches 2+++. This is the best time to reach bottom to top and cover up your all the loses easily. Buy at 1.10 and sell above 2. Easy target and study how director controls the price as he wishes. He sells now and he has to buy after the private placement. All the best!
Tomorrow I sell SFS and buy more from ALHP.....!
Study yourself and invest... this is not a promotion but I need your success because the members of the fprum can do much and we all can work together for a better future. I am fully loaded on ALHP...
The best invest for a huge profit..... Wish you all the best!!!!!
wisdom79 wrote:[size=32]Singapore’s Somap to buy controlling stake of Anilana Hotels for Rs.667mn[/size]
Singapore-based Somap International Private Limited will invest Rs.667.5 million in Anilana Hotels & Properties PLC in return for a 51 percent stake in the debt-ridden company subject to regulatory and stock exchange approvals, the company said in a stock exchange filing.
The deal was first announced by the company in late June which said that Somap International was conducting a due diligence on the hotel company which has never made a profit since going public in 2013.
The company has accumulated losses of Rs.1.79 billion and had a total debt of little above Rs.2.0 billion by the end of June, 2017.
The proceeds will be used to settle Rs.559.2 million worth of borrowings and the balance Rs.108.3 million for working capital.
Anilana will issue 513.4 million shares at Rs.1.30 a share. The company’s share was 10 cents or 7.69 percent up yesterday to close at Rs.1.40.
Given Anilana’s net asset value per share of Rs.5.80 as of June this year, the deal offers an upside for Somap which engages in the business of sales and purchasing ships for demolition.
Anilana also has property, plant and equipment of Rs.4.0 billion and little under a billion rupee worth of investment properties.
Anilana owes up to 2.59 billion to Sampath Bank with accumulated interest and the bank this June gave notices to the company saying that it would auction four properties in Nilaveli, Vakarai and Passikkudah mortgaged to the bank to recover the loans.
But the company later said it was negotiating with the bank to reschedule the loans in default, probably with deferred repayment periods as by then the company was nearing a deal for a capital infusion.
Anilana Managing Director, Asanga Seneviratne holds around 35 percent stake in the company.
Last edited by wisdom79 on Thu Feb 22, 2018 6:26 pm; edited 1 time in total (Reason for editing : spelling mistakes)
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