RIL.N0000 (R I L Property PLC)
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
RIL.N0000 (R I L Property PLC)
IPO price Rs 8.00
Shares offered 120 Million
Value of Shares Rs. 960 Million
20% of the company will be issued to General Public.
- yellow knifeTop contributor
- Posts : 6980
Join date : 2014-03-27
Re: RIL.N0000 (R I L Property PLC)
Parkland, RIL Property Ltd owns the Parkland Building at no 33. Park Street Colombo 2.
72.3% of the IPO will be utilized for refurbishing the Ready wear building. Rest will be utilized for expansion of BreadTalk network.
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- Ethical TraderTop contributor
- Posts : 5568
Join date : 2014-02-28
Re: RIL.N0000 (R I L Property PLC)
- gTrade
- Posts : 30
Join date : 2016-04-04
Re: RIL.N0000 (R I L Property PLC)
- කිත්සිරි ද සිල්වාTop contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Re: RIL.N0000 (R I L Property PLC)
Given the shrinking spending power of many and spreading diabetes like wildfire in the country, these establishments would not have longer staying power in the business.
Unless diversification keeping the Bread Talk as their facade.
- First Guy
- Posts : 2599
Join date : 2014-02-22
Re: RIL.N0000 (R I L Property PLC)
Breadtalk aside, main business is Parkland office building which is located in a good spot. Also proceeds to refurbish another building and then to rent it out. So big profits might take some time to come to the income statement. Not bad at 0.4-0.5x book value
- seekTop contributor
- Posts : 263
Join date : 2014-02-26
Re: RIL.N0000 (R I L Property PLC)
They had issued and completed a rights issue at 8/=.
They have completed the BreadTalk expansion and that business has reached the break even.
READYWEAR refurbishment will be completed by this year or early next year.
The most notable change was the acquisition of UML. Now they are the parent company of this high dividend paying the motor company.
- eco
- Posts : 10
Join date : 2015-03-25
Re: RIL.N0000 (R I L Property PLC)
UML sold TWO & Three wheel segments which was Under TVS brand. With that they also have over 1Bn cash in hand.
So, we can expect good news in mid term.