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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ »  HHL HEMAS HOLDINGS PLC

HHL HEMAS HOLDINGS PLC

Go down  Message [Page 1 of 1]

1 HHL  HEMAS HOLDINGS PLC Empty HHL HEMAS HOLDINGS PLC Tue Dec 15, 2020 1:39 pm

judecroos


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
HHL may have sold SHOT today. Smile Smile Smile







LOLC Group acquires Hemas Group’s Serendib Hotels


15 December 2020 11:57 am - 0 - 1170

A A A



LOLC Group today acquired the hospitality arm of Hemas Holdings PLC in a deal worth over Rs.600 million.

Brokers said Hemas Holdings this morning divested its entire stake of 42.8 million shares of Serendib Hotels PLC, which constitutes to 56.6 percent of the issued shares of the company to LOLC Group.

The shares were purchased at Rs.14.20 each. The net asset value of Serendib Hotels PLC as at September 30, 2020 was Rs.18.78.

The acquisition will trigger a mandatory offer.

Serendib Hotels PLC owns and operates Avani Bentota Resort at Bentota, formerly known as Serendib Hotel.

Meanwhile, Serendib Hotels PLC is the major shareholder of Hotel Sigiriya PLC, which owns Hotel Sigiriya in Sigiriya and of Dolphin Hotels PLC, which owns Club Hotel Dolphin in Waikkal.

The company fully owns and operates Frontier Capital Lanka (Pvt) Ltd., which owns the Lantern Beach Collection in Mirissa.

Serendib Leisure Management Limited, a fully owned subsidiary of the company, manages all the above properties.

It also has a 5.9 percent stake in Jada Resort & Spa (Pvt) Ltd, which owns Avani and Anantara Kalutara Resorts in Kalutara.

LOLC Group is headed by dynamic business leader Ishara Nanayakkar

2 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Tue Dec 15, 2020 2:08 pm

Pbv


Equity Analytic
Equity Analytic
Cost for Hemas was around 19,20 in SHOT. So hey are selling it on a loss

3 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Tue Dec 15, 2020 2:39 pm

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Good riddance for Hemas.
Not a bad deal for LOLC either since they bought at a discount and hopefully the associated businesses will recover in a few years time.

4 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Tue Dec 15, 2020 3:07 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics
@judecroos wrote:HHL may have sold SHOT today. Smile Smile Smile

LOLC Group acquires Hemas Group’s Serendib Hotels


15 December 2020 11:57 am - 0 - 1170

A A A



HHL is slowly becoming another SUN. Unlike many conglomerates, it divested many businesses;
Years ago they divested the Power & Energy sector, thereafter ICT business. At the beginning of this year Travel business, and now the Leisure sector.  

I think their strategy is to concentrate on Pharmaceutical & Health Care and FMCG, which are less risky. We can expect that HHL invest more in Pharmaceutical & Health Care especially Pharmaceutical manufacturing benefitting from favorable government policy.



Last edited by MoneyLover on Tue Dec 15, 2020 3:26 pm; edited 1 time in total

RJ1010 likes this post

5 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Tue Dec 15, 2020 3:18 pm

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hemas is one of most improved and efficient businesses of late. They have focused a lot on market research to improve their products and build distribution and cost efficiencies in fmcg. I’m sure HHL will continue its growth in years to come.

judecroos likes this post

6 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Tue Dec 15, 2020 3:26 pm

judecroos


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@judecroos wrote:HHL may have sold SHOT today. Smile Smile Smile







LOLC Group acquires Hemas Group’s Serendib Hotels


15 December 2020 11:57 am - 0 - 1170

A A A



LOLC Group today acquired the hospitality arm of Hemas Holdings PLC in a deal worth over Rs.600 million.

Brokers said Hemas Holdings this morning divested its entire stake of 42.8 million shares of Serendib Hotels PLC, which constitutes to 56.6 percent of the issued shares of the company to LOLC Group.

The shares were purchased at Rs.14.20 each. The net asset value of Serendib Hotels PLC as at September 30, 2020 was Rs.18.78.

The acquisition will trigger a mandatory offer.

Serendib Hotels PLC owns and operates Avani Bentota Resort at Bentota, formerly known as Serendib Hotel.

Meanwhile, Serendib Hotels PLC is the major shareholder of Hotel Sigiriya PLC, which owns Hotel Sigiriya in Sigiriya and of Dolphin Hotels PLC, which owns Club Hotel Dolphin in Waikkal.

The company fully owns and operates Frontier Capital Lanka (Pvt) Ltd., which owns the Lantern Beach Collection in Mirissa.

Serendib Leisure Management Limited, a fully owned subsidiary of the company, manages all the above properties.

It also has a 5.9 percent stake in Jada Resort & Spa (Pvt) Ltd, which owns Avani and Anantara Kalutara Resorts in Kalutara.

LOLC Group is headed by dynamic business leader Ishara Nanayakkar
https://www.theequitycheck.com/filedata/fetch?id=48137&d=1608025408

7 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Wed Dec 16, 2020 6:04 am

judecroos


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@judecroos wrote:
@judecroos wrote:HHL may have sold SHOT today. Smile Smile Smile







LOLC Group acquires Hemas Group’s Serendib Hotels


15 December 2020 11:57 am - 0 - 1170

A A A



LOLC Group today acquired the hospitality arm of Hemas Holdings PLC in a deal worth over Rs.600 million.

Brokers said Hemas Holdings this morning divested its entire stake of 42.8 million shares of Serendib Hotels PLC, which constitutes to 56.6 percent of the issued shares of the company to LOLC Group.

The shares were purchased at Rs.14.20 each. The net asset value of Serendib Hotels PLC as at September 30, 2020 was Rs.18.78.

The acquisition will trigger a mandatory offer.

Serendib Hotels PLC owns and operates Avani Bentota Resort at Bentota, formerly known as Serendib Hotel.

Meanwhile, Serendib Hotels PLC is the major shareholder of Hotel Sigiriya PLC, which owns Hotel Sigiriya in Sigiriya and of Dolphin Hotels PLC, which owns Club Hotel Dolphin in Waikkal.

The company fully owns and operates Frontier Capital Lanka (Pvt) Ltd., which owns the Lantern Beach Collection in Mirissa.

Serendib Leisure Management Limited, a fully owned subsidiary of the company, manages all the above properties.

It also has a 5.9 percent stake in Jada Resort & Spa (Pvt) Ltd, which owns Avani and Anantara Kalutara Resorts in Kalutara.

LOLC Group is headed by dynamic business leader Ishara Nanayakkar
https://www.theequitycheck.com/filedata/fetch?id=48137&d=1608025408

 HHL  HEMAS HOLDINGS PLC Image_12

8 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Wed Dec 16, 2020 7:18 am

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics
@MoneyLover wrote:
@judecroos wrote:LOLC Group acquires Hemas Group’s Serendib Hotels


HHL is slowly becoming another SUN. Unlike many conglomerates, it divested many businesses;
Years ago they divested the Power & Energy sector, thereafter ICT business. At the beginning of this year Travel business, and now the Leisure sector.  

I think their strategy is to concentrate on Pharmaceutical Health Care and FMCG, which are less risky. We can expect that HHL invest more in Pharmaceutical & Health Care especially Pharmaceutical manufacturing benefitting from favorable government policy.

Surely Hemas might have their own strategy in mind.  
However I doubt whether timing and pricing were optimal.

9 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Wed Dec 16, 2020 7:46 am

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
be careful and dont get caught to LOLC group shares and Capital Trust promotions .....


Both are No.1  Gilmart

RJ1010, Invest2020 and Bakkabwoi like this post

10 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Wed Dec 16, 2020 8:08 am

priyanthalk


Stock Trader
කෙසේ වෙතත් Bill ගැන පරිස්සම් විය යුතුයි මන්ද ඔවුන් සතුව හිමිකම් නිටකුතුවේ මහජනයා නොගත් කොටස් විශාල ප්‍රමාණයක් පවතී හිමිකම්  නිකුතුවේ 9579811640 කොටස්වලින්
අනක ඒවා මිලට ගෙන ඇත්තේ රුපියල් 2/= බැගිනි 
20-12-15 දින 3.70 කොටස් ලක්ෂ 600 ක් පමණ මුදාහැර ඇත
පරිස්සමෙන්  Question

judecroos likes this post

11 HHL  HEMAS HOLDINGS PLC Empty Re: HHL HEMAS HOLDINGS PLC Wed Dec 16, 2020 11:12 am

NHS


Stock Trader
LOLC-Group
http://www.dailymirror.lk/article/LOLC-Group-201923.html

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