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poor boy
Active Member
Active Member
Posts : 766
Join date : 2014-10-09

UML revaluation Empty UML revaluation

Tue May 26, 2015 7:16 pm
It looks like revaluation announced would increase the NAV by 17 rupees.
Am I correct?
HAL9000
HAL9000
Top contributor
Top contributor
Posts : 1402
Join date : 2014-08-11
Location : Colombo

UML revaluation Empty Re: UML revaluation

Tue May 26, 2015 9:07 pm
Yes, UML lands must have a huge value considering it's location. I think in addition to the main showroom situated at the hot spot of town hall junction, They own some more properties around Hyde park corner as well.
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poor boy
Active Member
Active Member
Posts : 766
Join date : 2014-10-09

UML revaluation Empty Re: UML revaluation

Tue May 26, 2015 9:14 pm
aanouncement today :
http://www.cse.lk/cmt/uploadAnnounceFiles/2631432610053_697.pdf

Revaluation resulted in asset value increase of 1733milllions. total number of shares 100milllion (approx.). so book value will go up by 17 rupees , .

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Lalinda
Posts : 69
Join date : 2015-02-16

UML revaluation Empty Re: UML revaluation

Wed May 27, 2015 11:17 am
How about the impact on the share price? Will that also increase in a closer value?
First Guy
First Guy
Posts : 2599
Join date : 2014-02-22

UML revaluation Empty Re: UML revaluation

Wed May 27, 2015 11:14 pm
I do not think this is going to have much of an effect on UML business unless they are to sell a property
Leon
Leon
Top contributor
Top contributor
Posts : 1264
Join date : 2014-03-11

UML revaluation Empty Re: UML revaluation

Thu May 28, 2015 4:57 am
Don't forget UML bought a huge land somewhere in Ratmalana.Was it from Glass.I don't remember.
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$$$
Posts : 178
Join date : 2014-08-07

UML revaluation Empty Re: UML revaluation

Thu May 28, 2015 6:45 pm
Forget revaluation. Did you see result last quarter ??
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