AITKEN SPENCE HOTEL HOLDINGS PLC (AHUN.N0000)

I am beginning to believe in hotel stocks. AHUN is undoubtedly one of best Srilankan hotel chains. Thanks!! + from me for your wonderful contribution and look forward in seen more contribution from you.

Great analysis, + rep from me as well

Good report..

Since there was a sub division of 1:7, last quarter EPs could be calculated as per the original no of shares for the last qtr..
EPS in each quarter for last 3 qtrs = 18/48 + 152/48 + 272/(336/7) = 0.375 + 3.16 + 5.66 = 9.195
If annualised =12.26.. So accordingly other calculations follow..

Presently i don't have any hotel stock in my portfolio, in my personal opinion AHUN and KHL is UNDER VALUED SHARES FOR THE LONG TERM INVESTMENTS and if anyone think for short term gains don't touch it these

smallville wrote:Good report..

Since there was a sub division of 1:7, last quarter EPs could be calculated as per the original no of shares for the last qtr..
EPS in each quarter for last 3 qtrs = 18/48 + 152/48 + 272/(336/7) = 0.375 + 3.16 + 5.66 = 9.195
If annualised =12.26.. So accordingly other calculations follow..

I don't understand the rationale behind taking 48 million shares as for the entire year. according to your calculation EPS would be (91.2/12.26) 7.44 Way bellow average.

But since I believe we always has to account for the conditions that will be prevailing in the foreseeable future because share prices are always valued for future earnings. So I think taking 336 million shares is the best approach.

xhora,
Thanks for the very informative post. Hope to see many more of this calibre reports.

xhora wrote:

smallville wrote:Good report..

Since there was a sub division of 1:7, last quarter EPs could be calculated as per the original no of shares for the last qtr..
EPS in each quarter for last 3 qtrs = 18/48 + 152/48 + 272/(336/7) = 0.375 + 3.16 + 5.66 = 9.195
If annualised =12.26.. So accordingly other calculations follow..

I don't understand the rationale behind taking 48 million shares as for the entire year. according to your calculation EPS would be (91.2/12.26) 7.44 Way bellow average.

But since I believe we always has to account for the conditions that will be prevailing in the foreseeable future because share prices are always valued for future earnings. So I think taking 336 million shares is the best approach.

From this calc (91.2/12.26) = 7.44, wat u get as 7.44 is the P/E not EPS..

Taking 48 mil was due to the last subdiv happen on dec qtr and we only have 3 qtr results so far.. from Q2, u can take the new 336 Mil shares for calculations.. This is becuz the financial year ends on 31 March and its not fair to dilute the EPS in the middle.. well thats how I think..
When companies do subs, EPS gets diluted... Approaches are different from person to person..

smallville wrote:

xhora wrote:

smallville wrote:Good report..

Since there was a sub division of 1:7, last quarter EPs could be calculated as per the original no of shares for the last qtr..
EPS in each quarter for last 3 qtrs = 18/48 + 152/48 + 272/(336/7) = 0.375 + 3.16 + 5.66 = 9.195
If annualised =12.26.. So accordingly other calculations follow..

I don't understand the rationale behind taking 48 million shares as for the entire year. according to your calculation EPS would be (91.2/12.26) 7.44 Way bellow average.

But since I believe we always has to account for the conditions that will be prevailing in the foreseeable future because share prices are always valued for future earnings. So I think taking 336 million shares is the best approach.

From this calc (91.2/12.26) = 7.44, wat u get as 7.44 is the P/E not EPS..

Taking 48 mil was due to the last subdiv happen on dec qtr and we only have 3 qtr results so far.. from Q2, u can take the new 336 Mil shares for calculations.. This is becuz the financial year ends on 31 March and its not fair to dilute the EPS in the middle.. well thats how I think..
When companies do subs, EPS gets diluted... Approaches are different from person to person..

It would be easier to go with the EPS calculation AHUN already did for us considering shares in the market during different periods

9 Month EPS as at DEC is 1.29

If expecting profit of 503 mil for march then : March eps = 503 / 336 = 1.497
( but we need to remember to leave out any minority interest also)

SO Annual eps = 1.29 + 1.497= 2.79

PE = 91.2/2.78=32.68

Thats why I mentioned "I cannot say AHUN is undervalued still. Maybe compared to most other hotel sector shares which are highly overvalued to start with. Some trade at amazing PEs . Everybody is paying premium still expecting higher growth from this sector.

However out of the big bunch , AHUN is a solid hotel stock which paying a premium will not prove not too bad for long term. They have clear growth plans and as I recall they the sixth sense project etc will bring more profit in the future. If you can hold long term AHUN is a decent bet. "

AHUN has exceeded my expected earnings figure and had made a Billion rupee profit for the year
http://www.cse.lk/cmt/upload_report_file/521_1306748885393.pdf

Please insert the pdf file or latest financial statements of AHUN.N0000.
Be grateful for inserting the comments based on latest performance.
Thanks

http://www.cse.lk/cmt/upload_report_file/521_1369969267403.pdf

They have done well. But, valuation are exorbitant

salt wrote:They have done well. But, valuation are exorbitant

your saltiness, what is meaning of word exorbitant ?
is it out of orbit
OR BIT by ANT before ?

besthope wrote:

salt wrote:They have done well. But, valuation are exorbitant

your saltiness, what is meaning of word exorbitant ?
is it out of orbit
OR BIT by ANT before ?

yes what is the problem of valuation?

I am not an expert of English language
You may refer to a dictionary

This the definition from Cambridge Advanced Learner's Dictionary

exorbitant /Ig"zO:.bI.t@nt/ /-"z:Or.b@.º@nt/ adjective
Exorbitant prices and demands, etc. are much too large:
The bill for dinner was exorbitant.

salt wrote:I am not an expert of English language
You may refer to a dictionary

This the definition from Cambridge Advanced Learner's Dictionary

exorbitant /Ig"zO:.bI.t@nt/ /-"z:Or.b@.º@nt/ adjective
Exorbitant prices and demands, etc. are much too large:
The bill for dinner was exorbitant.

@salt
you mean their hotel charges are high or any other ?

@cseguide
My apologies, if i have misled you
I was referring to share price
The valuation of share is expensive

Annual EPS Rs. 5.26
NAVPS 37.95

Share trades almost 80.00. Unjustifiable valuation, isn't it?

salt wrote:@cseguide
My apologies, if i have misled you
I was referring to share price
The valuation of share is expensive

Annual EPS Rs. 5.26
NAVPS 37.95

Share trades almost 80.00. Unjustifiable valuation, isn't it?

I don't think so. This counter values
Reasons
1)80/5.26 = PER =15
2) on of the best managed hotel group
3) well diversified around different geographical areas
etc.

@salty - how about AHUN profile of investors ? hondai the ?

@besthope
If its lazy sunday afternoon & nobody at home, i just look at profile of next door residents ( opposite gender)

@RedBull
Thank you for your assistance.
Also enjoyed the rest above but not having the right picture of AHUN.

AHUN to Rs 65... Is there any reason for coming down? Also very high volume today and very unusual...

It has come down from Rs 73 to Rs 65 within a short time.

Is it worth investing on AHUN.N

Seams moving…

end of november   28

It has potential to make more money when dust settles.. probably the biggest hotel chain in sri Lanka comparing to number of rooms.

https://ceylontoday.lk/print-more/45261

It is ready to moves.. there were some collection last week

Monster wrote:Excellent analysis xhora. Even I do not hold AHUN. But AHUN is one of the best stock in the hotel sector. +Rep from me as well for your hard work.

We can expect a good run....