FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Many positives for Next week
by jaya Today at 10:04 pm

» GLAS will be winner with Super Gain.
by Eranga87 Today at 9:50 pm

» still I believe this
by 100Bill Today at 9:21 pm

» Kind of behavior traders engage in when they are frustrated and want their money back from the market. Stock market for beginners
by Asoka Samarakone Today at 9:13 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Today at 8:19 pm

» EXPO EXPO EXPO
by hanuma Today at 8:01 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Today at 7:49 pm

» Let's have a stop-loss strategy to maximize investment returns in stock market
by EquityChamp Today at 7:19 pm

» Daily Foreign Transactions
by Pradeep90 Today at 6:56 pm

» Norway -> biggest shareholder of NDB
by Bakkabwoi Today at 6:42 pm

» DIPD/HAYC/HAYL
by samaritan Today at 5:41 pm

» කොටස් මිල දී ගන්න මෙය හොඳම කාලයයි – රාජ්‍ය අමාත්‍ය කබ්රාල්
by samaritan Today at 5:07 pm

» IS it right time to stick to warren buffett's most famous saying ???
by Mr. X Today at 4:02 pm

» CSE - The World's best performer!
by Vishwanarth Today at 2:42 pm

» Best Broker
by Wickyz Today at 2:32 pm

» Game Changed! SUPER GREEN
by Karthick Today at 12:24 pm

» Blue Diamond
by thavam_Eu Today at 12:07 pm

» GALORE OF GOOD NEWS TO THE CSE
by Bakkabwoi Today at 11:58 am

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Trading Jockey Today at 10:26 am

» EBCR group of companies
by Wolf86 Yesterday at 10:30 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Results for June quarter: RENU

Results for June quarter: RENU

Go to page : 1, 2  Next

Go down  Message [Page 1 of 2]

1Results for June quarter: RENU Empty Results for June quarter: RENU Mon Aug 15, 2011 6:42 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/569_1313405263840.pdf

Profit for June quarter is more than during entire previous year.
Dividend, interest and other income have contributed generously!
Very Happy



Last edited by Antonym on Mon Aug 15, 2011 6:58 pm; edited 1 time in total

2Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 6:52 pm

RockStock


Manager - Equity Analytics
Manager - Equity Analytics
Looks very impressive, but huge part of their income is coming from other operating income category not from their hotel operations.

3Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 7:10 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@RockStock wrote:Looks very impressive, but huge part of their income is coming from other operating income category not from their hotel operations.


even though its categorized as other operating income, they have huge investment PF, no nothing surprise

4Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 7:14 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
apparently this place is famous for prostitution. That would technically count as another 'operating income' Question

5Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 7:19 pm

innam

innam
Manager - Equity Analytics
Manager - Equity Analytics
Stop looking at this as a hotel. Currently this is set up like an investment trust that happens to own a hotel.

The balance sheet has Property (the hotel) carried at a book value of Rs 28 per share but this is dwarfed by Investments with a BOOK value of Rs 112, Cash per share of Rs 70 and loans to (probably) related parties of Rs 50.

The hotel just makes up around 10% of teh balance sheet.

6Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 7:41 pm

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think the hotel was closed for renovation for about 4 months last year.

7Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 7:47 pm

player

player
Moderator
Moderator
@mono wrote:apparently this place is famous for prostitution. That would technically count as another 'operating income' Question

ha ha,then what abt TRAN Wink ,is it only for big fishes Rolling Eyes

8Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 7:57 pm

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks Antonym for sharing this. Innam is spot-on, RENU should no longer be analysed as a hotel. It is now more of an investment trust with added income from its hotel operations.

In fact these results have not come as a surprise to me. We discussed RENU's potential to report exceptional earnings growth in this quarter. Read our previous discussion in the below thread.

http://forum.srilankaequity.com/t3736-renu-results-mar-2011#26277

I said in that thread,

I have calculated the anticipated dividend income for RENU for the Mar - Jun 2011 quater at Rs. 56 million. That is Rs. 8 per share. This will be reflected in the other income category of next quaterly report. (Dividends income calculated based on RENU's portfolio as published in the last available annual report)

On top of this, the company has shown remarkable increase in the profit from hotel operations in the recently published financial report which is a good sign.

Overall the future of RENU is promising to me. Do your own analysis and decide.


RENU has posted Rs. 54.6 million as dividend income, not too far away from my estimate back in May 2011.

9Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 9:48 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This is another share I really liked and I told people few months back to collect this at lower levels before this quarter results!
People who messaged me should know that's this was one of the number 1 shares i told to get few months back! I also wish I had bought a bit more than 200 shares of RENU now though! DIMO and SING cost too much Sad

10Results for June quarter: RENU Empty Re: Results for June quarter: RENU Mon Aug 15, 2011 9:49 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@innam wrote:Stop looking at this as a hotel. Currently this is set up like an investment trust that happens to own a hotel.

The balance sheet has Property (the hotel) carried at a book value of Rs 28 per share but this is dwarfed by Investments with a BOOK value of Rs 112, Cash per share of Rs 70 and loans to (probably) related parties of Rs 50.

The hotel just makes up around 10% of teh balance sheet.

In fact the best product mix of a hotel + Inv. trust Wink

Also this has a very good working capital due to less current liabilities. NAVPS @ 258.90 so this trades at a good value for it..

11Results for June quarter: RENU Empty Re: Results for June quarter: RENU Wed Aug 17, 2011 8:35 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?

12Results for June quarter: RENU Empty Re: Results for June quarter: RENU Thu Aug 18, 2011 7:38 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.

As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...

13Results for June quarter: RENU Empty Re: Results for June quarter: RENU Thu Aug 18, 2011 8:11 pm

ha_na


Manager - Equity Analytics
Manager - Equity Analytics
This is one share of few which was not collapse under bear power instead run in a trading range. I hope this time the upper line of the range which is about 440 will break with a breakout. But I may be wrong as I’m having a fair amount of this.

14Results for June quarter: RENU Empty Re: Results for June quarter: RENU Thu Aug 18, 2011 8:54 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Antonym wrote:
@Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.

As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...

Will they spell out there plans in the annual report for the cash & bank balances

15Results for June quarter: RENU Empty Re: Results for June quarter: RENU Thu Aug 18, 2011 9:41 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Gaja wrote:
@Antonym wrote:
@Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.

As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...

Will they spell out there plans in the annual report for the cash & bank balances

I opted them to move to other investment areas such as property, land or any worthy business other than a hotel. The reason being they already have a hotel doing good and its a good option to have another income source to boost their bottom line.
Even a hotel in a new developing area would not be bad on the other hand..

what matters most is this is, as ha_na said, this should break their barriers and move up.

P.S - I do not have a single share as of now, but looking forward to buy Wink

16Results for June quarter: RENU Empty Re: Results for June quarter: RENU Fri Aug 19, 2011 12:19 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@Antonym wrote:
@Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.

As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...
RENU has played safe and declared a dividend of Rs 5.50 per share - same as last year (subject to Shareholder approval at the AGM).
AGM Date: 23-09-2011.
XD Date: 26-09-2011.
Payment Date: 29-09-2011.
The announcement has been uploaded on the CSE website.

17Results for June quarter: RENU Empty Re: Results for June quarter: RENU Fri Aug 19, 2011 12:28 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Antonym wrote:
@Antonym wrote:
@Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.

As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...
RENU has played safe and declared a dividend of Rs 5.50 per share - same as last year (subject to Shareholder approval at the AGM).
AGM Date: 23-09-2011.
XD Date: 26-09-2011.
Payment Date: 29-09-2011.
The announcement has been uploaded on the CSE website.

So soon the annual report also will be published?

18Results for June quarter: RENU Empty Re: Results for June quarter: RENU Fri Aug 19, 2011 1:10 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:
So soon the annual report also will be published?
Yes, it will - and we will finally know the market value of RENU's investments as on March 31, 2011.
One estimate was Rs 2.425 billion (or Rs 346 per share)! Let's see...

19Results for June quarter: RENU Empty Re: Results for June quarter: RENU Fri Aug 19, 2011 1:28 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Antonym wrote:
@Gaja wrote:
So soon the annual report also will be published?
Yes, it will - and we will finally know the market value of RENU's investments as on March 31, 2011.
One estimate was Rs 2.425 billion (or Rs 346 per share)! Let's see...

Antonym,
I thought they usually do not value their portfolio ( Marked to Market) but mention only cost basis as it is long term holding. Atleast thats what they did in the past. However their land needs to be revalued.

What ever the fact it RENU is a solid investment for the patient who can hold. I have been hold 200 shares bought last year. After I dispose something, maybe I will buy a few more. ( with my luck it might run before that. But atleast I have 200 )

20Results for June quarter: RENU Empty Re: Results for June quarter: RENU Fri Aug 19, 2011 1:41 pm

Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
Hi, slstock.
You are partly right - RENU's investments are valued at cost in the Balance Sheet.
But every year, in the Annual Report (Notes to the Financial Statements), RENU discloses the Market Value of their investments.
For example, see Page 27 of their Annual Report for 2009-10.

Sponsored content


Back to top  Message [Page 1 of 2]

Go to page : 1, 2  Next

Permissions in this forum:
You cannot reply to topics in this forum