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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RAL. N (RENUKA AGRI FOODS PLC)

RAL. N (RENUKA AGRI FOODS PLC)

+3
fireshelter
RJ1010
Basu
7 posters

Go down  Message [Page 1 of 1]

1RAL. N (RENUKA AGRI FOODS PLC) Empty RAL. N (RENUKA AGRI FOODS PLC) Wed Dec 09, 2020 8:27 pm

Basu


Senior Equity Analytic
Senior Equity Analytic

Hi guess,

Please comment

2RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Wed Dec 09, 2020 9:04 pm

RJ1010


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

Please use below thread to post your questions, comments and refer to past posts on that thread. I have seen you created 3 separate threads just to ask for comments on RAL. Please be mindful not to clutter the forum with duplicate threads for each company. Cheers.
Refer below thread and post the question.
https://www.srilankachronicle.com/t56251p220-renuka-agri-foods-plc-ral-n0000#380563

dayandacool likes this post

3RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 12:47 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

[size=33]Renuka Holdings to raise Rs. 1 b via Rights Issue on CSE digital platform[/size]



Wednesday, 9 December 2020 00:21 -      - 569

[size=11]Facebook
TwitterMore11
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  • Hopes to strengthen balance sheet and make further investments with further infusion of equity

  • Rights Issue comes hot on the heels of its subsidiary, Renuka Capital, making substantial gain on disposal of its investment in On’ally Holdings






RAL. N (RENUKA AGRI FOODS PLC) Image_72c37f6cef
Renuka Holding PLC Managing Director S.V.Rajiyah


 
RAL. N (RENUKA AGRI FOODS PLC) Image_226de63a0d
Galle Face Icon 



Renuka Holdings PLC (RHL) has announced plans to raise Rs. 1.031 billion via a Rights Issue closing on 16 December to carry out debt settlements and to fund future investments into Group subsidiaries,

according to a circular issued to its shareholders.

According to the circular, the new Ordinary Voting Shares will be issued at a price of Rs. 14 amounting to Rs. 93,486,356. The new Ordinary Non-Voting Shares will be issued at a price of Rs. 10 amounting to Rs. 96,426,220. 

The total proceeds expected to be raised through the Rights Issue is Rs. 103,128,978. 

Renuka Holdings PLC ordinary share price closed as at 7 December as at Rs. 15.10 and its net asset value per share as at 30 September was Rs. 62.87.

For the six months ended 30 September 2020, the organisation recorded a turnover of Rs. 4.2 billion, a net profit of Rs. 208 million and equity attributable to shareholders of Rs. 6.4 billion.  

The group consists of two main verticals – Food and Beverage, and Property and Investment. Renuka Holdings’ interest in this sector is owned through Renuka Foods PLC, which consists of: Agribusiness – Renuka Agri Foods PLC and Renuka Agri Organics Ltd., Sri Lanka’s leading coconut-based food and beverage manufacturers, Renuka Teas Ceylon Ltd. – a speciality organic and superfood tea enterprise and Kandy Plantations Ltd., Sri Lanka’s largest owner of organic certified coconut lands. 

The FMCG business is led by Richlife Dairies Ltd., which is within the top five dairy companies, and Shaw Wallace Ceylon, the owner of the leading brands of canned fish, snacks, among other brands.  

In the Property and Investment sector, the ongoing construction of its flagship development ‘Galle Face Icon’ is progressing well with all piling work complete and excavation ongoing by Sanken. The construction will be above ground by April 2021. 

Once completed it will be a 32-storey tower situated in the Galle Face District of Colombo 3, consisting of a total construction area of 450,000 sq ft, with vistas over Galle Face Green and the new Port City. The group also draws income from the operating Baseline Business Centre and other group lands. 

On the investment side, the Group set up a dedicated listed entity in 2016, Renuka Capital PLC, which just sold its maiden significant investment in On’ally Holdings PLC (Unity Plaza) at more than triple its original investment cost.        

The Rights Issue is being carried out on a digital platform in light of the impact of COVID on the postal services, since there is a practical difficulty in dispatching the Provisional Letter of Allotment to the shareholders of the company within the stipulated time frame

4RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 12:49 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Coming days  alien alien alien alien alien

5RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 10:30 am

seany


Equity Analytic
Equity Analytic

fireshelter wrote:Coming days  alien alien alien
fireshelter doing a hell of a job promoting renuka group!! Rolling Eyes Twisted Evil Twisted Evil

geesura likes this post

6RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 12:17 pm

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

No need promotion Value shares

7RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 12:34 pm

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics

fireshelter wrote:No need promotion Value shares

What do you think those rights trading now? (RHL.R)
Will it go down or up?

Any ideas  Exclamation Exclamation

8RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 2:51 pm

Wickyz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Kanishka_2020 wrote:
fireshelter wrote:No need promotion Value shares

What do you think those rights trading now? (RHL.R)
Will it go down or up?

Any ideas  Exclamation Exclamation
down

9RAL. N (RENUKA AGRI FOODS PLC) Empty Re: RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 6:08 pm

shakthi1974


Senior Equity Analytic
Senior Equity Analytic

What effect does the RI has on RAL??
Also RAL is hovering on 4.70-4.90 for few months now, even though market is up by good 300-400 points, would like to have experts opinion on this please.

I'm sure this is a very good counter with potential to grow quickly and with all the favorable Economic factors!!

10RAL. N (RENUKA AGRI FOODS PLC) Empty RAL. N (RENUKA AGRI FOODS PLC) Thu Dec 10, 2020 11:18 pm

Basu


Senior Equity Analytic
Senior Equity Analytic

shakthi1974 wrote:What effect does the RI has on RAL??
Also RAL is hovering on 4.70-4.90 for few months now, even though market is up by good 300-400 points, would like to have experts opinion on this please.

I'm sure this is a very good counter with potential to grow quickly and with all the favorable Economic factors!!
Yep. I don't know what is the reason for stable this share around Rs 4.90.So many people told it may be gone Rs 6.
I do not know what we do. Buy or sell. I have confused with this share.

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