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» CCS.N0000 ( Ceylon Cold Stores)
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» ඩොලර් බිලියන 10 යි – මහ බැංකුව ඉතිහාසයේ වැඩිම විදේශ විනිමය සංචිතය ගොඩනගයි
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» මාස 02 කදී කොටස් වෙළෙඳපොළ සියයට 4 කින් කඩා වැටිලා
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» TPL.N0000 (TALAWAKALE PLANTATIONS )
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» සපත්තු පෙට්ටියකින් හමු වූ චීන මල් බඳුන පවුම් මිලියන 14 අලෙවි වේ
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» Dividend Announcement
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Wed Jun 13, 2018 11:47 am by Ethical Trader

» ලංකාවේ ඉපිද, බ්‍රිතාන්‍යයේ නගරාධිපති පදවියකට පත් වූ කරීමා
Tue Jun 12, 2018 3:19 pm by Ethical Trader

» KGAL.N0000 (Kegalle Plantation PLC)
Tue Jun 12, 2018 2:40 pm by Ethical Trader

» Where in the world is it easiest to get rich?
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» KFP.N0000(Keels Food Products PLC)
Thu Jun 07, 2018 8:54 am by lanka

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» In the Meantime, Within Our Shores !
Mon Jun 04, 2018 3:32 pm by කිත්සිරි ද සිල්වා

» Cartoon of the day...
Mon Jun 04, 2018 11:47 am by nihal123

» SPEN.N0000
Sat Jun 02, 2018 6:19 pm by Ethical Trader

» තායිලන්තයෙන් අභ්‍යවකාශයට යන 'දූරියන්'
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Fri Jun 01, 2018 3:20 pm by sashimaal

» බන කියන පුංචි දරැවා
Fri Jun 01, 2018 11:21 am by Ethical Trader

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» Exclusive: Cricket match-fixers caught in the act in Sri Lanka
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» RIL.N0000 ( RIL Property )
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» BFL.N0000 (Bairaha Farms PLC)
Sun May 27, 2018 10:39 pm by seek

» MTD Walkers (KAPI)
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» Food for Thought
Sat May 26, 2018 11:24 am by Ethical Trader

» Theory of Everything
Fri May 25, 2018 3:33 pm by Ethical Trader

» ඊ.ටි.අයි ෆිනෑන්ස් විකිණිමට මහ බැංකුවේ අවසරය
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» Karl Marx and the Social Sciences
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TANG.N0000 (Tangerine Beach Hotels PLC)

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TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 7:37 am

Family businesses are my favourties in picking stocks. However not every family is generous with dividends . Specially when all family members are executive directors the requirement for paying dividends (even when company is performing well) does not arrive.

Tangerine Hotel is a four star hotel situated in Kalutara (Wadduwa) next to Royal Palms Beach Hotels which belongs to the same group of five star category. The area is competing with star class hotels like Blue Waters, Citrus Waskaduwa, Mermaids Hotel, Serene Pavillion, Hibiscus beach hotel etc.

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 7:41 am

Drop of Revenue and profit for year 2015 a midst highest number of tourist arrival attribute to

* Russian rouble crisis where the hotel is more focused on Russian tourists

* Southern express way  that makes destinations in Galle and Matara becoming closer to tourists than earlier as less time spent on traveling

* One off incident of Presidential Election held in December the peak month of tourist arrivals

* Room occupancy ratio fell from 74% to 60% reducing the earrings


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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 7:43 am

As above chart shows the dividend has no link with the EPS..

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 7:44 am

Company made a rights issue in 2008.. Net Assets Value was continuously growing

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 7:50 am

Company has decided to revisit its dependency  on Russian market and to diversify the Product to include many tourists from different destinations.

Many discounts offered for locals during off-season like many other hotels..

The hotels in Waskaduwa often recognize and reward the repeated customers. Tangerine annual report state that they have identified 275 repeaters mainly from UK,Germany, Holland, Russia, and Ukraine.

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 7:53 am

Informal guest houses around the beach belt has become a threat to star grade hotels. However these are not regulated and offer lower cost meals and accommodation.

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 8:31 am

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 8:34 am

Once the big players removed

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 14, 2015 8:35 am

Among equal players Kingsbury is outstanding 

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by Lalinda on Mon Sep 14, 2015 8:58 am

Good stuff from YK as always. Thank you....!

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Mon Sep 21, 2015 9:54 am

Today I received an e-add on Hibiscus Hotel with a superb discounted rate valid until 31st Oct 2015. That indicated the area where Tangerine is located is affected by less tourists. Hibiscus being a three star hotel enjoyed higher room occupancy and now they are also compelled to go for advertising. Hibiscus often had no rooms to book on Agoda.com

Thus we can not expect much development for Tang.N even for the next quarter

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Re: TANG.N0000 (Tangerine Beach Hotels PLC)

Post by yellow knife on Wed Mar 23, 2016 1:21 pm

TANG has agreed to settle claims of accidents occurred in 1996 at the aggregated value of Rs 61 Million through  SLIC.

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