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» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Thu Feb 07, 2019 2:24 pm by Ethical Trader

» Lanka named top tourist destination for 2016
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» A Bit of History
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» AMF.N0000
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» IOC Sri Lanka unit December quarter loss widens to Rs987mn
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» Obituary Notice.
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UML revaluation

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UML revaluation

Post by poor boy on Tue May 26, 2015 7:16 pm

It looks like revaluation announced would increase the NAV by 17 rupees.
Am I correct?

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Re: UML revaluation

Post by HAL9000 on Tue May 26, 2015 9:07 pm

Yes, UML lands must have a huge value considering it's location. I think in addition to the main showroom situated at the hot spot of town hall junction, They own some more properties around Hyde park corner as well.
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Re: UML revaluation

Post by poor boy on Tue May 26, 2015 9:14 pm

aanouncement today :
http://www.cse.lk/cmt/uploadAnnounceFiles/2631432610053_697.pdf

Revaluation resulted in asset value increase of 1733milllions. total number of shares 100milllion (approx.). so book value will go up by 17 rupees , .


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Re: UML revaluation

Post by Lalinda on Wed May 27, 2015 11:17 am

How about the impact on the share price? Will that also increase in a closer value?

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Re: UML revaluation

Post by First Guy on Wed May 27, 2015 11:14 pm

I do not think this is going to have much of an effect on UML business unless they are to sell a property
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Re: UML revaluation

Post by Leon on Thu May 28, 2015 4:57 am

Don't forget UML bought a huge land somewhere in Ratmalana.Was it from Glass.I don't remember.
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Re: UML revaluation

Post by $$$ on Thu May 28, 2015 6:45 pm

Forget revaluation. Did you see result last quarter ??

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