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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Delisting - Beruwala Walk Inn EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Delisting - Beruwala Walk Inn EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Delisting - Beruwala Walk Inn EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Delisting - Beruwala Walk Inn EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Delisting - Beruwala Walk Inn EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Delisting - Beruwala Walk Inn EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Delisting - Beruwala Walk Inn EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Delisting - Beruwala Walk Inn EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Delisting - Beruwala Walk Inn EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Delisting - Beruwala Walk Inn EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Delisting - Beruwala Walk Inn EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Delisting - Beruwala Walk Inn EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Delisting - Beruwala Walk Inn EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Delisting - Beruwala Walk Inn EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Delisting - Beruwala Walk Inn EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Delisting - Beruwala Walk Inn EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Delisting - Beruwala Walk Inn EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Delisting - Beruwala Walk Inn EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
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» What a Bank Run ?
Delisting - Beruwala Walk Inn EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Delisting - Beruwala Walk Inn EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Delisting - Beruwala Walk Inn EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Delisting - Beruwala Walk Inn EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Delisting - Beruwala Walk Inn EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Delisting - Beruwala Walk Inn EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Delisting - Beruwala Walk Inn EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Delisting - Beruwala Walk Inn EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Delisting - Beruwala Walk Inn EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Delisting - Beruwala Walk Inn EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Delisting - Beruwala Walk Inn EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Delisting - Beruwala Walk Inn EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Delisting - Beruwala Walk Inn EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
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» When Seagulls Follow the Trawler
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» Re-activating
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» අපි තමයි හොඳටම කරේ !
Delisting - Beruwala Walk Inn EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Delisting - Beruwala Walk Inn EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Delisting - Beruwala Walk Inn EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Delisting - Beruwala Walk Inn EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Delisting - Beruwala Walk Inn EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Delisting - Beruwala Walk Inn EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Delisting - Beruwala Walk Inn EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Delisting - Beruwala Walk Inn EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Delisting - Beruwala Walk Inn EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Delisting - Beruwala Walk Inn EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Delisting - Beruwala Walk Inn EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Delisting - Beruwala Walk Inn EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Delisting - Beruwala Walk Inn EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Delisting - Beruwala Walk Inn EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Delisting - Beruwala Walk Inn EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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4 posters

    Delisting - Beruwala Walk Inn

    Sriranga
    Sriranga
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    Delisting - Beruwala Walk Inn Empty Delisting - Beruwala Walk Inn

    Post by Sriranga Mon Mar 10, 2014 10:46 am

    http://cse.lk/cmt/upload_cse_announcements/9431394422893_.pdf


    Sriranga
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    Delisting - Beruwala Walk Inn Empty Banyan Tree to take Sri Lanka unit private

    Post by Sriranga Mon Mar 10, 2014 2:23 pm

    Mar 10, 2014 (LBO) - Banyan Tree Holdings Limited said it will take its Sri Lanka unit private which was in need of fresh capital and was hit by a newly introduced minimum public float restriction.

    Banyan Tree controls 79.8 percent of Beruwala Walk Inn, a hotel that was hit by a tsunami in 2004.

    The firm said it needed a fresh capital infusion to rebuild the hotel. But if some minority shareholders do not take up their entitlements of shares, the company will not be able to meet a requirement for a 20 percent minimum public float.

    The firm said in a stock exchange filing that the majority shareholder would offer 120 rupees per share. The stock last traded at 104 rupees.

    Beruwala Walk Inn is one of the early victims of the minimum public float rule.

    The rule was brought by authorities after being egged on by interventionists shortly after stock manipulations during a stock market bubble fired by low interest rates and margin credit.
    www.lbo.lk
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    Delisting - Beruwala Walk Inn Empty Re: Delisting - Beruwala Walk Inn

    Post by Investor Mon Mar 10, 2014 2:42 pm

    BINN is one of the crap share. now shareholder are very lucky who hold this. Very low NAV I think minus. but trading price was 104. but they pay 120/= very uncommon.

    then more than 70 stocks in this market under minimum float rule. so those are good to buy if they delist.
    Sriranga
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    Delisting - Beruwala Walk Inn Empty Re: Delisting - Beruwala Walk Inn

    Post by Sriranga Mon Mar 10, 2014 3:30 pm

    BINN land extend 4 Acres 3 Root and 23.34 Perches current value may be more than 310Million+?

    Banyan Tree Holdings Limited needs to pay around 181,366 x 120 = 21,763,920 to acquire the balance shares held by public.(which is around 20.04%)

    I think its a win - win move for Banyan Tree Holdings Limited.
    First Guy
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    Delisting - Beruwala Walk Inn Empty Re: Delisting - Beruwala Walk Inn

    Post by First Guy Mon Mar 10, 2014 8:13 pm

    Redbulls wrote:BINN land extend 4 Acres 3 Root and 23.34 Perches current value may be more than 310Million+?

    Banyan Tree Holdings Limited needs to pay around 181,366 x 120 = 21,763,920 to acquire the balance shares held by public.(which is around 20.04%)

    I think its a win - win move for Banyan Tree Holdings Limited.

    So you say that the fair value of the land is not reflected in the books is it?

    Anyhow, with all the hopeful listing spree, now we might see more de-listings because of the new rule. In any case, there would be more 'tradeable' stocks on the CSE
    First Guy
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    Delisting - Beruwala Walk Inn Empty Re: Delisting - Beruwala Walk Inn

    Post by First Guy Tue Mar 11, 2014 7:29 am

    Btw, what would have been the consequence of say BINN offered a price lower than the current trading price despite being higher than the Book value?

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    serene
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    Delisting - Beruwala Walk Inn Empty Re: Delisting - Beruwala Walk Inn

    Post by serene Tue Mar 11, 2014 8:42 am

    First Guy wrote:Btw, what would have been the consequence of say BINN offered a price lower than the current trading price despite being higher than the Book value?


    Do anyone here holds this share? Any notification?

      Current date/time is Sat Jun 22, 2024 9:05 am