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» JINS.N0000 ( Janashakthi Insurance PLC)
Today at 7:25 am by yellow knife

» Dividend Announcement
Today at 7:19 am by yellow knife

» බුද්ධ භවනා
Yesterday at 2:35 pm by Ethical Trader

» Laughter the Best Medicine
Yesterday at 2:13 pm by pee ratio

» Happy Birthday
Wed Feb 21, 2018 7:28 pm by The Alchemist

» හවුල් ආණ්ඩුව තවදුරටත් පවතින බව පාර්ලිමේන්තුවට දන්වයි
Wed Feb 21, 2018 5:17 pm by Ethical Trader

» ජීවිතය පටන් ගන්නේ 60න්
Wed Feb 21, 2018 3:14 pm by lanka

» EAP ගනුදෙනුවේ සැඟවුණු ගැනුම්කරු හෙළිවෙයි
Wed Feb 21, 2018 2:39 pm by lanka

» මිලියන 4,000 ක අකිලගේ ටැබ් කොන්ත්‍රාත්තුව අබාන්ස්ට
Tue Feb 20, 2018 7:55 pm by nihal123

» Dhananath Fernando wins $ 10,000 for Sri Lanka in Think Tank Shark Tank in Asia
Mon Feb 19, 2018 11:35 am by Ethical Trader

» උදයංග වීරතුංග රැගෙන ඒමට පොලිස් නිලධාරීහු ඩුබායි වෙත
Mon Feb 19, 2018 8:24 am by soileconomy

» ධම්මික පෙරේරා කෝටි 16 ක කාරයක් ගෙනෙයි
Sat Feb 17, 2018 9:31 pm by soileconomy

» ආර්ථික අර්බුදය ඉක්මවා ගිය දේශපාලන අර්බුදය හමුවේ 'රුපියල'
Fri Feb 16, 2018 7:00 pm by Ethical Trader

» SAMP.N0000 (SAMPATH BANK PLC)
Fri Feb 16, 2018 2:18 pm by Ethical Trader

» APLA.N0000 (ACL PLASTICS PLC)
Fri Feb 16, 2018 11:12 am by pjrngroup

» විගණකාධිපතිගේ 2016 වාර්තාව මෙන්න
Tue Feb 13, 2018 12:31 pm by Ethical Trader

» Boost for foreign investment in Govt. securities
Thu Feb 08, 2018 12:45 pm by Ethical Trader

» අනිලානා පුද්ගලික නිකුතුවට කොටස්කරුවන්ගේ සහාය පතයි
Thu Feb 08, 2018 9:28 am by The Invisible

» CCS.N0000 ( Ceylon Cold Stores)
Wed Feb 07, 2018 7:39 pm by Ethical Trader

» ලෝක ආර්ථිකය කඩා වැටෙද්දී එහි බලපෑම කොළඹට දැනුන හැටි
Tue Feb 06, 2018 11:13 pm by nihal123

» තෙල් මිලේ වැඩිවීමෙන් ගුවන් ටිකට් මිල නගී
Tue Feb 06, 2018 11:04 pm by Ethical Trader

» ජනාධිපති පරීක්ෂණ කොමිෂන් සභාවෙන් ලද, සිංහල භාෂාමය වාර්තා තිස් හතර (34)
Tue Feb 06, 2018 11:04 pm by Ethical Trader

» විල්පත්තු "වන විනාශය": පෙත්සම සලකා බැලීමට අධිකරණයේ අවසර
Mon Feb 05, 2018 9:10 pm by nihal123

» බැඳුම්කරය: ඇලෝසියස් සහ පළිසේන අත්අඩංගුවට
Mon Feb 05, 2018 9:08 pm by nihal123

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Sat Feb 03, 2018 1:02 pm by bear

» ජනශක්ති ගනුදෙනුව තීන්දුයි. වටිනාකම රුපියල් බිලියන 16 යි
Fri Feb 02, 2018 7:57 pm by nihal123

» කොළඹ කොටස් අසාමූහිකරණ පනත පාර්ලිමේන්තුවට
Fri Feb 02, 2018 5:42 pm by Ethical Trader

» BBC කණ්ඩායමක් තාලිබාන් පාලන කලාපයකට ඇතුල් වෙති
Thu Feb 01, 2018 5:05 pm by Ethical Trader

» වර්ෂ 152 කට පසු දර්ශනය වන 'සුපිරි නීල රුහිරු සඳ'
Thu Feb 01, 2018 4:58 pm by Ethical Trader

» ලංකා බැංකුවට අයත් ජනශක්ති හිමිකම විකුණයි
Thu Feb 01, 2018 4:54 pm by Ethical Trader

» අයවැය ක්‍රියාත්මක කිරීමේ දී පාර්ලිමේන්තුවේ අධීක්ෂණය දුර්වලයි
Thu Feb 01, 2018 4:52 pm by Ethical Trader

» ජනපති හා ADB අධ්‍යක්ෂ මණ්ඩල සාමාජිකයින් අතර හමුවක්
Thu Feb 01, 2018 4:51 pm by Ethical Trader

» තවත් කොටස් තැරැව්කාර සමාගමක් වසා දමයි
Thu Feb 01, 2018 4:50 pm by Ethical Trader

» ජනපතිගේ රැලිය ආවරණය කිරීමට ගිය මාධ්‍යවේදීන්ට "තර්ජන"
Wed Jan 31, 2018 6:59 pm by soileconomy

» Bank of Ceylon divests stake in Janashakthi Insurance
Tue Jan 30, 2018 3:58 pm by TraderCSE

» වෛද්‍ය වර්ජනය: රජයේ වෛද්‍ය නිලධාරීන්ගේ සංගමයේ ඉල්ලීම් මොනවාද?
Mon Jan 29, 2018 6:36 pm by Ethical Trader

» නිවුන් අලි උපත්: මේ කරුණු දැන සිටියාද?
Mon Jan 29, 2018 12:14 pm by Ethical Trader

» Perpetual Treasuries
Mon Jan 29, 2018 7:43 am by Danidu

» කලා කෘතියක් ඉල්ලූ ජනාධිපති ට්‍රම්ප් වෙත 'රන් වැසිකිලියක්' - වාර්තා
Sat Jan 27, 2018 6:37 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Fri Jan 26, 2018 6:32 pm by Ethical Trader

» සේවා ස්ථානයේ අරියාදු සහ අඩන්තේට්ටම් : 'බුලි' වුණොත් මොකද කරන්නේ?
Thu Jan 25, 2018 5:02 pm by Ethical Trader

» RULES ON ALL OR NONE (AON) BLOCKS
Thu Jan 25, 2018 4:55 pm by Ethical Trader

» Time is of essence in dealing with dengue:Expert, Recent deaths could be due to patients "coming in late" for treatment
Thu Jan 25, 2018 2:08 pm by AjithR

» නියම බුදු දහම
Thu Jan 25, 2018 12:42 pm by Ethical Trader

» "දූෂණය" ගැන මහින්ද රාජපක්ෂට නඩු පවරන්න - ජනාධිපති කොමිසම
Wed Jan 24, 2018 7:04 pm by Ethical Trader

» හිඟයක් වැළැක්වීමට ලේ දන් දෙන්න: ජනතාව වෙත ඉල්ලීමක්
Tue Jan 23, 2018 7:12 pm by Ethical Trader

» බලාගෙනයි, 'ගුවනින් අසූචි'!
Tue Jan 23, 2018 7:10 pm by Ethical Trader

» සිව් හෙලයේ ඉතිහාසය නිවැරදි කිරීම
Tue Jan 23, 2018 11:51 am by Ethical Trader

» ප්‍රගීත් එක්නැලිගොඩ: "ෆයිල් අතුරුදහන්වීම" ගැන සන්ධ්‍යා හමුදාපතිට කිවූ දේ
Thu Jan 18, 2018 12:13 pm by Ethical Trader

» China offers best chance for SL development: CB
Thu Jan 18, 2018 9:27 am by කිත්සිරි ද සිල්වා

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AHUN.N0000

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AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:21 pm

If Sri Lankan firms trying to consider to reach MNC status, Aitken Spence is an example.
AHUN has reached Maldives, India and Oman.. Operations out of Sri Lankan boundaries are successful and owns 6 islands of Maldives. Indian operations are to be re-considered where Oman operations are carried out successfully

Out of the Profits 70% is taken from Maldives operations..

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:23 pm

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:31 pm

We don't have many companies that reach a profit above Rs 2 Billion mark and AHUN.N is one such. In addition to that out of this 2 Billion 70% is taken from out of SL borders is another important factor..

The Ocean Villas at Huduranfushi, ( Maldives) which was destroyed by a fire during last year has been reconstructed this year..Browns Beach Hotels which is an associate of AHUN will be restarted this year with 143 rooms and under the name of Heritance Negombo

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:34 pm

AHUN is now traded at Rs 76 and the Net Asset Values are shown in following chart...

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:36 pm

AHUN has been paying out dividends and the dividend pay out ratio is not attractive like TPL, TJL, when we compare the Mkt Value of the share

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:38 pm

AHUN.N 's data seems to vary as a share split of 7 to 1 took place in 2010

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:39 pm

Companies where PE ratio is less than 10 is often attractive

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:42 pm

EPS has potential to grow further as " Over-capacity" is a term found in 2015 annual report..

CIND used this term last annual report but 2015 report recorded the best ever performance.. A company that under-perform can record forever highest once the underlying factors are supportive to them.. A company that has reached the maximum capacity fails to grab such opportunities..

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Last edited by yellow knife on Mon Jul 20, 2015 3:49 pm; edited 1 time in total (Reason for editing : fail to fall)

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:43 pm

Debt to equity ratio is again maintained at a healthy level.

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Re: AHUN.N0000

Post by yellow knife on Mon Jul 20, 2015 3:55 pm

When studying top twenty list many short term players look at whether there appear names of known traders where as I look at long term players who will remain in the list for a longer period..

M.J. Fernando is one such name. He being an entrepreneur in tea industry appear in many annual reports of Tea and Tourism...

17th Largest shareholder of this is Mr. M.J. Fernando.
Ceylon Tea Services (Dilmah), TPL, Kahwatta, Fortress Resorts are among other companies where he and his associates appear..

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Re: AHUN.N0000

Post by Backstage on Mon Jul 20, 2015 9:26 pm

Another gem of a post from YK. Knowledgeable people who share their knowledge are the true heroes of the human race. Thanks.

About the split in 2010, are not the charts adjusted to show the real picture ? Then why such a plunge in NAV ?
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Re: AHUN.N0000

Post by kass on Mon Jul 20, 2015 10:29 pm

Your posts are very informative YK thanks very much
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Re: AHUN.N0000

Post by yellow knife on Tue Jul 21, 2015 8:23 am

Backstage i have not adjusted figures after share split..Have I adjusted the chart would have appeared as follows..

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Re: AHUN.N0000

Post by yellow knife on Wed Jul 22, 2015 7:42 am

Future Prospects

Sri Lankan tourism is expected to enjoy 2 million tourist arrivals per annum.

Targeting that more developments are undertaken by AHUN as well.. With the Collaboration of RIU Resorts of Spain , Aitkenspence develop RIU Heritance Ahungalla.

Charter planes will be reactivated with the opening of this 501 roomed hotel in 2016.

Having Mattala Airport in Southern province is an advantage of this project.

The Chairman's message is in full praise of infrastructure developments taken place in the country after war.

Following is an extract and link of relevant info.

"
Chairman of Aitken Spence, said that the timing of the hotel's opening would be right since the Southern Highway to Hambantota is expected to reach completion by that time. “We have the Mattala Airport facility already in place, giving us an ideal mix for our business model. Aitken Spence has always encouraged infrastructure development in the country and our investment is proof of our confidence and support of the.
 
Government's development plans. The strategy for all our beach resorts in the South including the new RIU Resorts is in line with the Government’s vision for the further development of the country, especially in the tourism segment.”
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Last edited by yellow knife on Wed Jul 22, 2015 7:43 am; edited 1 time in total (Reason for editing : planes to plan)

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Re: AHUN.N0000

Post by yellow knife on Wed Jul 22, 2015 8:26 am

2016 will be a best performing year for AHUN. as two additional islands from Maldives, fully completed and reopening of burnt down unit, opening of RIU Hertiance Ahungalla and charter plane operations will increase the sales revenue..

another quote
"
he Mattala Airport will play a large role in keeping the hotel filled all year round, since TUI will be operating Boeing 787 Dreamliner charters, with the capacity of carrying 300 passengers on a weekly basis to and from the airport transporting guests exclusively to the resort.
 
The business model spearheaded by the Group, apart from having a significant impact on the tourism sector,would also have a snowball effect in developing the industry, especially in the deep south of the country
"

All these positive news will add value to AHUN.

However when compare with the number of resorts AHUN maintain to get Rs 2 Billion profit, AHPL is more efficiently managed.

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Re: AHUN.N0000

Post by yellow knife on Wed Jul 22, 2015 8:32 am

From AHUN now we will look at the strengths of RIU the business partner


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RIU Hotels & Resorts was founded in [You must be registered and logged in to see this link.], Spain, in 1953 as a small summer business for the Riu family, and is currently owned by [You must be registered and logged in to see this link.] and run by the third generation of the family. The company's business is focused on the holiday hotel sector and over 60% of its establishments offer an all inclusive service.
With the opening of its first city hotel in 2010, RIU extended its range of products with its own line of city hotels called Riu Plaza. RIU Hotels & Resorts has over 100 hotels in 16 countries, and employs over 25,150 people. Last year (2014) its hotels welcomed a total of 4 million guests. Nowadays RIU is the 30th biggest hotel chain in the world, and one of the most important at the Caribbean and the third in Spain.

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Re: AHUN.N0000

Post by yellow knife on Fri Jul 24, 2015 5:21 pm

In 2010, RIU Hotels & Resorts launched their new line of Riu Plaza city hotels. These are located in the centre of large cities and cater for both business travellers and tourists. RIU has hotels in Spain, Portugal, Dominican Republic, Cuba, United States, Mexico, Jamaica, Bahamas, Aruba, Turkey, Tunisia, Morocco, Bulgaria, Cyprus, Malta, Costa Rica, Panama, Cape Verde, Mauritius, St. Martin and Sri Lanka.

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Re: AHUN.N0000

Post by yellow knife on Fri Jul 24, 2015 5:24 pm

TUI group own RIU and following extract shows AHUN's longstanding partner in tourism TUI was dedicated to develop tourism since Tusnami hit SL

The Chairman referring to a statement made by him in the Group’s 2005 Annual Report stated, “…if you remember in the year following the tsunami when we saw the total destruction of many beach resorts, we made plans to expand  both nationally and internationally and our board decided to think globally with our multinational partners and it was in that same financial year that after a long standing partnership with TUI,

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Re: AHUN.N0000

Post by yellow knife on Fri Jul 24, 2015 5:29 pm

The Mattala Airport will play a large role in keeping the hotel filled all year round, since TUI will be operating Boeing 787 Dreamliner charters, with the capacity of carrying 300 passengers on a weekly basis to and from the airport transporting guests exclusively to the resort.

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Re: AHUN.N0000

Post by yellow knife on Fri Jul 24, 2015 5:32 pm

Out of Hotels in SL in the group Heritance Kandalma and  Heritance Tea Factory has recorded best ever revenues and PAT showing the upper market attraction for SL hotels..

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Re: AHUN.N0000

Post by කිත්සිරි ද සිල්වා on Fri Jul 24, 2015 6:16 pm

Putting White Elephant projects to generate revenue is a welcome news. Very Happy

(Dream-liner is a very sensitive aircraft and I hope they will have adequate repair facilities stationed there to meet any eventuality).
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Re: AHUN.N0000

Post by yellow knife on Thu Nov 05, 2015 4:15 pm

Aitken Spence to acquire 59% of Fiji Ports Corporation LTd together with Fiji National Provident Fund.

Aitken Spence holding of Fiji Ports Corporation Ltd will be 20% and Aitken Spence will invest FJD 34.6 Million



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Re: AHUN.N0000

Post by yellow knife on Fri Mar 18, 2016 1:38 pm

Disclosure on Ahun Heritance

[*]CORPORATE DISCLOSURE (AMENDED)    [You must be registered and logged in to see this link.]
15 March 2016

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Re: AHUN.N0000

Post by HAL9000 on Fri Mar 18, 2016 1:55 pm

yellow knife wrote:Disclosure on Ahun Heritance

[*]CORPORATE DISCLOSURE (AMENDED)    [You must be registered and logged in to see this link.]
15 March 2016



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Thanks for the analysis.
AHUN is in relatively good cash position with lesser debt, We saw recently they engaged in Acquisition spree and developing/refurbishing product portfolio. More importantly their focus is high end market. We'll be able to see, how they deliver in coming years.
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