The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» වසර 15ක් තුළ ලංකාව සිංගප්පූරුවට වඩා දියුණු කරනවා - චීන තානාපති
Yesterday at 6:41 pm by nihal123

» Dividend Announcement
Yesterday at 6:36 pm by nihal123

» "මිනී මස් කාල එපා වෙලා"
Yesterday at 5:55 pm by Ethical Trader

» ලොව වැඩි වශයෙන්ම ප්‍රතිනිර්මාණය වූ කලා කෘතිය
Yesterday at 3:15 pm by Ethical Trader

» විජයදාස ඉවත් කරන්න: එජාපය ජනපතිට කියයි
Yesterday at 3:09 pm by Ethical Trader

» ජනාධිපතිවරණය දිනා ශ්‍රී ලංකාවේ ණය එක දවසකින් ගෙවන සුපිරි කෝටීපතියා .!
Yesterday at 2:31 pm by Backstage

» ආදායම ලක්ෂ 12 ට අඩුනම් ආදායම් බදු නැහැ – මුදල් ඇමති කියයි
Yesterday at 12:30 pm by nihal123

» වැසිකිළියක් සදා නොදුන් සැමියාගෙන් දික්කසාද වීමට අධිකරණය අවසර දෙයි
Mon Aug 21, 2017 5:31 pm by Ethical Trader

» 2017 ජන්ද හිමි නාමලේඛනයේ කෙටුම්පත පිටවෙයි
Mon Aug 21, 2017 2:20 pm by nihal123

» වාහන බදු අඩු කළායින් පසු සමාගම් කොටස් මිල ඉහළ ගිය හැටි
Mon Aug 21, 2017 11:50 am by Ethical Trader

» ඉන්දියාවේ විශාලතම ඔන්ලයින් ටැක්සි මෙහෙයුම්කරු ලංකාවට මාන බලයි
Mon Aug 21, 2017 11:07 am by nihal123

» CB Chief cracks whip!
Mon Aug 21, 2017 11:04 am by Ethical Trader

» ක්‍රිකට්: ශ්‍රී ලංකා කණ්ඩායමට එරෙහිව ක්‍රීඩාලෝලීන්ගේ විරෝධතාවක්
Mon Aug 21, 2017 10:55 am by Ethical Trader

» "විගණන පනත යට ගහන බවට ඇමතිවරුන්ට චෝදනා"
Mon Aug 21, 2017 10:52 am by Ethical Trader

» Male-Penned Songs On Women By Madani
Sun Aug 20, 2017 3:56 pm by CK

» GDP growth seen at 6% in 2018, Finance Ministry says
Sun Aug 20, 2017 10:36 am by Ethical Trader

» හැඟීමක් නැති පාලකයෝ භාරගත්තම රට කාබාසිනියා වෙනවා - ඇමති විජයදාස
Sun Aug 20, 2017 10:30 am by Ethical Trader

» Sri Lanka introduces concessions to boost faltering growth
Sat Aug 19, 2017 7:05 pm by Backstage

» New taxes hamper life insurance industry
Sat Aug 19, 2017 7:03 pm by Backstage

» Carrom Game between Chamil Cooray & Sandeep Deorukhkar in ICF Cup 2015
Sat Aug 19, 2017 5:18 pm by sashimaal

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sat Aug 19, 2017 11:28 am by Ethical Trader

» EPF/ETF සහ විදේශ ශ්‍රමිකයෝ: නව බදු පනත ගැන මේ කරුණු දන්නවාද?
Fri Aug 18, 2017 6:03 pm by Rana

» ගෙවල්..වාහන..විදුලිය..සියල්ලටම දැන් ණය වර්ග අටක්..
Fri Aug 18, 2017 4:12 am by nihal123

» විදුලි සංදේශ බද්ද ඉවතට - යතුරුපැදි බදු අඩුවෙයි
Thu Aug 17, 2017 8:09 pm by nihal123

» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
Wed Aug 16, 2017 10:15 pm by nihal123

» අද වෙන්දේසියේ දී බිල්පත් පොළී නගී
Wed Aug 16, 2017 10:11 pm by nihal123

» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
Wed Aug 16, 2017 12:29 pm by nihal123

» HOPL.N0000 ( Horana Plantations PLC)
Wed Aug 16, 2017 9:21 am by yellow knife

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
Tue Aug 15, 2017 1:16 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 2:37 pm by The Invisible

» Plantation sector updates
Sun Aug 13, 2017 4:51 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
Sun Aug 13, 2017 7:52 am by smallville

» සොහොන් කොතේ නම 'අකැප' ඇෆ්ගන් කතුන්
Sat Aug 12, 2017 2:59 pm by Ethical Trader

» කොරියානු අර්බුදය හමුවේ ශ්‍රී ලංකාවේ සූදානම
Sat Aug 12, 2017 2:42 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Sat Aug 12, 2017 2:10 pm by Ethical Trader

» කොරියාවේ උණුසුමට සංගීතයේ සිසිලස
Sat Aug 12, 2017 9:10 am by Ethical Trader

» මැක්‍රෝන් සිය බිරිඳට 'ජනාධිපති ආර්යා' නිල තත්වය නොදෙන ළකුණු
Fri Aug 11, 2017 10:39 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 4:24 pm by Rana

» Cartoon of the day...
Fri Aug 11, 2017 1:58 pm by Rana

» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 11:08 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Thu Aug 10, 2017 6:06 pm by Rana

» 10 Billion Dollar Companies Secretly Going Bankrupt !
Thu Aug 10, 2017 5:06 pm by කිත්සිරි ද සිල්වා

» SAMP.N0000 (SAMPATH BANK PLC)
Thu Aug 10, 2017 3:25 pm by The Invisible

» ඇමති රවී විශේෂ ප්‍රකාශයක් කරමින් ඉවත් වෙන්න සූදානම්
Thu Aug 10, 2017 12:54 pm by කිත්සිරි ද සිල්වා

» කැබිනට් රැස්වීමට නැහැ ; ඇමති රවී අස් වෙයිද? නැද්ද?
Thu Aug 10, 2017 9:53 am by Ethical Trader

August 2017
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Browns to sell 5 hotels

View previous topic View next topic Go down

Browns to sell 5 hotels

Post by Backstage on Sun Jun 11, 2017 11:45 pm


Browns to sell 5 hotels


Browns Investments, controlled by the LOLC Group, plans to sell five of its hotels – The Eden Resort and Spa in Beruwala, Dickwella Resorts, The Paradise Resort & Spa in Dambulla, The Calm Resort and Spa in Pasikudah and Kosgoda Turtle Bay (still being built), informed sources said.

The share price surge at Eden during the past two months was owing to the internal restructuring at Eden where Browns sought to bring Paradise and Dickwella shares under this company. They did this internal restructure to ease the potential sale, the sources told the Business Times.

Eden’s share price, which was at Rs. 10 in March, rose to Rs. 28 this week with stockbrokers anticipating that something was ‘up’. Browns will be retaining its ‘big’ hotel Riverina, the sources added. “They will concentrate on promoting that,” a source added.

He said that Browns is eyeing both local and foreign buyers. The four hotels in operation are generating moderate results despite the challenging environment in which they operate, he said adding that in comparison to the previous year higher profits are expected in 2017/18. (DEC)
avatar
Backstage
Top contributor
Top contributor

Posts : 3102
Join date : 2014-02-24

Back to top Go down

Re: Browns to sell 5 hotels

Post by slstock on Mon Jun 12, 2017 2:01 pm


Thanks for news paper article.

Seems the "news" cat was let loose speculatively to some , and that why EDEN ran from Rs 16 to 28
in 1 week ( already ran) !!

Hmm.. interestingly note EDEN did below recently...

https://cdn.cse.lk/cmt/uploadAnnounceFiles/6301495091293_533.pdf


_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply Wink

---------
avatar
slstock
Veteran
Veteran

Posts : 4998
Join date : 2014-06-12

Back to top Go down

Re: Browns to sell 5 hotels

Post by Ethical Trader on Mon Jun 12, 2017 3:44 pm

Looks like that they are in the buying & selling business. Thanks Back for sharing the article.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2515
Join date : 2014-02-28

Back to top Go down

Re: Browns to sell 5 hotels

Post by CK on Mon Jun 12, 2017 3:57 pm

So what trading opportunities we have here?
avatar
CK
Active Member
Active Member

Posts : 958
Join date : 2015-11-01

Back to top Go down

Re: Browns to sell 5 hotels

Post by Ethical Trader on Mon Jun 12, 2017 4:09 pm

Buying & selling companies is not a bad business, provided they restructure improve performance & sell with a profit, but it takes time to realize profits. Must get more details to study this.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 2515
Join date : 2014-02-28

Back to top Go down

Re: Browns to sell 5 hotels

Post by slstock on Mon Jun 12, 2017 4:41 pm

Ethical Trader wrote:Buying & selling companies is not a bad business, provided they restructure improve performance & sell with a profit, but it takes time to realize profits. Must get more details to study this.


1) Best we note this is news paper item only still.

We don't know the truth of  them selling even.
We seen such  news paper items over the years which didn't come true.
Remember how FLCH was once promoted over a news paper item saying that DP will buy. It never happened then.

Most important thing is , if this is true soon LOLC group will need to post
a formal report to CSE as this news is price sensitive and to clarify if  is true.


2)  Have no Motivation or time to post a detailed report.

But to help interested parties , let me take 15 minutes  to give  some things to think about and  important facts I recall.


i) Note the link I posted above .  
 Only few weeks ago EDEN was buying hotels  from from BIL.
 Question is why did they do that ?

a)  Is it another  inter company "thing" this group always does to restructure
b)  Is it to get rid of some BIL debts , transfer to EDEN  and then sell.


ii) Also only 1 year ago , EDEN had right issue at Rs 20 Wink

iii) Then I recall some Brown related company had mandatory offer at the same price ( RS 20) .

iv)  But  now share price is Rs 24-25 Wink  It was trading Rs 10 -12 not so long ago.


Questions to think about if anyone wants earn decent money


EDEN  is already in big debt and loss making. Over the May hotel buys ( see link I gave) their debt will increase.


Golden question is even if they want to sell , what is the price anyone would pay for EDEN ?  

Remember right issue price /mandatory offer price was Rs 20.
What kind of assets/goodwill will the May hotel buys make
( positive or negative) . That will have an impact on their N assets.

So the selling/buying price ( even if this is true) will depend .

Seems this news got leaked last week and some people created speculative pumps and also trading over the news .

But real question now is if this news is true , what is EDEN worth  for some  buyer ( after the May hotel buys) .


Very interesting to see how all these LOLC group companies are suddenly making lot of news right now . FLCH and  BIL first.   LOLC itself.

Now EDEN .
Guess,  it  parent ( who is loss making and in debt too)  might give some trading ops.




Post Update  :

I suddenly recalled some even bigger news ( think it was last year) where they ( group) will need some huge money ( multi billions)  to build some resort outside Sri Lanka.   Not sure they actually want to sell existing properties and built new ones !! Seems this is getting to be a detective thing. Can see big money is moving here and there  within the group (  this is getting  rather interesting) . But what is there for share holders ?



At this time, I have no holding of EDEN. I am posting all this info taking time for public knowledge thinking it would help someone.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : http://forum.lankaninvestor.com/t1548-important-warning-and-message
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply Wink

---------
avatar
slstock
Veteran
Veteran

Posts : 4998
Join date : 2014-06-12

Back to top Go down

Re: Browns to sell 5 hotels

Post by WasteofTime on Wed Jun 14, 2017 9:41 am

LOLC bought and sold TWOD few years ago. Don't know FLCH, BLI, and all their hotels are like TWOD ending. finally, we will have to carry their garbage
avatar
WasteofTime

Posts : 271
Join date : 2014-09-29

Back to top Go down

View previous topic View next topic Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum