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EDEN.N0000 Eden Hotel Lanka PLC

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EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Aug 10, 2015 1:37 pm

Even when an industry is performing well it does not mean that all firms of it get equal benefit. We often get the reports stating that number of arrivals has increased by specific percentage compared to last year .. But the room occupancy ratio of hotels matter.

Following is room occupancy ratio of Eden

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Aug 10, 2015 1:39 pm

EPS was not consistent throughout history

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Aug 10, 2015 1:42 pm

2015 revenue and profit was negative

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Aug 10, 2015 1:43 pm

When evaluating plantations as well as tourism Net Asset Value is not always a proper guidance..

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Aug 10, 2015 1:44 pm

One Serious issue with Browns Hotels and Resorts is higher exposure to debt..

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Aug 10, 2015 1:46 pm

Higher expenditure on Refurbishments sometimes create negative impact as seen in Hunnas Falls..Palm Garden Hotel PLC of the same Browns/LOLC group represent the same issue..

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by Ethical Trader on Mon Aug 10, 2015 3:00 pm

Thanks YK.
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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Wed Sep 02, 2015 6:07 pm

If you look at the exposure to debt and negative EPS for 2015 it shows inevitable situation of going for a Rights Issue..

Hotels where the high debt exposure and where the top five shareholders in ( specially number one) will soon follow Eden...

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by pathfinder on Wed Sep 02, 2015 7:18 pm

Good post YK, if current ratio of the group is checked it will give a better insight.
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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by nihal123 on Wed Sep 02, 2015 8:20 pm

Thanks YK good one +
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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by First Guy on Wed Sep 02, 2015 8:33 pm

This could have been a good opportunity to check how ROE will change with a change in the leverage by a rights issue. Unfortunately the company has made losses but still we can see one side of it.

I'll leave it up to you to do the math.
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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by First Guy on Wed Sep 02, 2015 8:50 pm

yellow knife wrote:One Serious issue with Browns Hotels and Resorts is higher exposure to debt..


We are talking about EDEN right?
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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by First Guy on Wed Sep 02, 2015 8:52 pm

yellow knife wrote:When evaluating plantations as well as tourism Net Asset Value is not always a proper guidance..


True, but the quality of the assets are important. When it comes to a hotel, the location, the building, architecture etc are important for high end foreign tourists which will also make them want to return.

Once I saw some news where a hotelier said that construction costs here are too much that it becomes difficult to recover. On top of that everyone is undercutting prices.
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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Thu Sep 03, 2015 7:46 am

Eden top two is

Palm Garden Hotels PLC
24,398,472
46.21
2
Confifi Management Services (Pvt) Ltd
5,647,507
10.70



Then Palm Garden Hotel PLC is owned by Browns Hotels and Resorts Ltd which own 89.58% of it.

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Thu Sep 03, 2015 7:49 am

LOLC owns Browns Hotels and Resorts Ltd

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Thu Sep 03, 2015 7:51 am

LOLC Investments Ltd directly own 9.5% shares of Seylan Bank.

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Thu Sep 03, 2015 7:53 am

Thus Eden obtaining 400 Mn facility from Seylan Bank is disclosed under related party transactions of Eden Hotel.


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[*]RELATED PARTY TRANSACTION    [You must be registered and logged in to see this image.]
06 April 2015


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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Thu Sep 03, 2015 8:02 am

The purpose of the right issue is to settle part of the debt.

[*]RIGHTS ISSUE    [You must be registered and logged in to see this image.]
02 September 2015


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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon Sep 21, 2015 12:53 pm

Eden Rights at 20 but the ordinary share is trading at 18.40 as at 21st Sept 2015

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by slstock on Mon Sep 21, 2015 1:17 pm

Usually below isa good trading opportunity.

But after CITW right issue at Rs 10 and share tradingstill at Rs 5.9 ( 2.5 months since right issue declaration there is still no news), am wondering how the short term opportunity costs with these right issues are.


Also look at PALM , before and after right price. Thats more like a medium term issue .


yellow knife wrote:Eden Rights at 20 but the ordinary share is trading at 18.40 as at 21st Sept 2015

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Mon May 16, 2016 8:28 am

SLS predicted about Eden and Palm earlier..

**************************************

Browns Hotels triggers mandatory offer on Eden Hotel.

Browns Hotels and Resorts Limited triggered a mandatory offer to purchase the remaining shares of Eden Hotel PLC following Eden's rights issue which concluded last week.

BHRL is offering to purchase the 28.31 million remaining shres of Eden for Rs 20 per share.

During the rights issue BHRL acted in concert with its subsidiary Palm Garden Hotels PLC, which owned 46.21% of shares in Eden prior to the issue.

The rights issue saw Eden after 1 new shares per 1 existing share or 52.80 million shares at Rs 20 per share in order to repay the existing debt.

------------Daily Mirror ---16th May

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Wed Aug 10, 2016 11:34 am

Eden hotel is recovering its loss position by reducing loss...

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Wed Aug 10, 2016 11:37 am

Occupancy ratio of the hotel has reached to the best levels...

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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Wed Aug 10, 2016 11:38 am

Net assets of the company stays above market value. as seen in many other counters as well...


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Re: EDEN.N0000 Eden Hotel Lanka PLC

Post by yellow knife on Wed Aug 10, 2016 11:39 am

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