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

Display results as :
 


Rechercher Advanced Search

Latest topics
» What's going to happen
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyToday at 12:14 am by PANTOMATH

» Thread for News on CSE and SL Economy
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyYesterday at 8:22 pm by ruwan326

» "පියසේනට දැං සනීපයි..."
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyYesterday at 8:15 pm by ruwan326

» Dividend Announcement
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyYesterday at 4:52 pm by Ethical Trader

» TJL.N0000 (Textured Jersey Lanka PLC.)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyYesterday at 11:50 am by serene

» CFVF - First Capital
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyYesterday at 7:43 am by serene

» විද්‍යාව මිස්ගේ පාඩම...
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyWed Jul 17, 2019 7:27 am by sanjulanka

» Trading Journal
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyTue Jul 16, 2019 11:50 pm by pathfinder

» වචන නම් අපේ ඒත් තනුව ?????????
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyTue Jul 16, 2019 8:08 pm by Rana

» Access Engineering AEL Technical Analysis
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jul 15, 2019 3:07 pm by NIRMALSG

» Tourism sector
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptySun Jul 14, 2019 8:57 am by NIRMALSG

» Cricket, meet Capitalism
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jul 12, 2019 1:24 pm by කිත්සිරි ද සිල්වා

» LFIN - LB Finance
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jul 11, 2019 11:27 am by Ethical Trader

» අපි නොදන්න චෙස් කිව්වලු !
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyTue Jul 09, 2019 6:25 pm by serene

» Stock Market to stay Bullish
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jul 08, 2019 7:51 am by කිත්සිරි ද සිල්වා

» Is an emoji a word or a gesture?
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jul 08, 2019 7:46 am by කිත්සිරි ද සිල්වා

»  Rajgama Heroes !
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jul 08, 2019 7:39 am by කිත්සිරි ද සිල්වා

» HHL.N0000 ( Hemas Holdings PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptySun Jul 07, 2019 12:25 pm by dhanurrox

» Checkmate, meatbags !
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptySun Jul 07, 2019 7:20 am by spw19721

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptySat Jul 06, 2019 8:13 am by කිත්සිරි ද සිල්වා

» සංචාරක පැමිණීම ක්‍රමයෙන් යහපත් වන ලකුණු
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jul 05, 2019 6:11 pm by serene

» SAMP.N0000 (SAMPATH BANK PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jul 04, 2019 8:55 am by serene

» Easter Sunday Attack and Sri Lanka
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jul 04, 2019 8:46 am by කිත්සිරි ද සිල්වා

» අනං මනං! #/+?.<>
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyWed Jul 03, 2019 10:07 pm by ruwan326

» First capital holdings
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyWed Jul 03, 2019 1:37 pm by serene

» What to Analyse
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jul 01, 2019 11:33 am by serene

» අනිසි ලෙස කොටස් මිල හැසිර වූ ආයෝජකයින් දෙදෙනෙකුට සුරැකුම්පත් කොමිසමෙන් නඩු
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jun 28, 2019 2:11 pm by Ethical Trader

» අද වෙන්දේසියේ දී බිල්පත් පොළිය පහළට.
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jun 28, 2019 7:46 am by serene

» AAIC.N0000
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jun 28, 2019 7:33 am by serene

» SERV - The Kingsbury
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 27, 2019 8:27 pm by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyWed Jun 26, 2019 2:22 pm by nuwanmja

» Life After Google
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyTue Jun 25, 2019 5:28 pm by කිත්සිරි ද සිල්වා

» S&P ශ්‍රී ලංකා 20 දර්ශකයේ වෙනසක්. CTC, NTB, රිචඩ් පීරිස් සහ ටෝක්යෝ සිමෙන්ති ඉවතට
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyTue Jun 25, 2019 6:37 am by nihal123

» Future of Tea Industry
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jun 24, 2019 6:54 pm by hammurabi

» Cricket !
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jun 24, 2019 2:22 pm by කිත්සිරි ද සිල්වා

» DIPD.N0000 (Dipped Products)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jun 24, 2019 11:40 am by Ethical Trader

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptySun Jun 23, 2019 9:14 pm by hammurabi

» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jun 21, 2019 5:25 pm by Ethical Trader

» Happy Father's Day !
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyMon Jun 17, 2019 8:58 pm by spw19721

» DPL.N0000 (Dankotuwa Porcelain PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptySun Jun 16, 2019 7:12 am by NIRMALSG

» Re: Financial reports Q1-2019
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyFri Jun 14, 2019 8:57 pm by dhanurrox

» SEYB.N0000 ( SEYLAN BANK PLC )
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 8:08 pm by ruwan326

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 8:06 pm by ruwan326

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 7:58 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 7:57 pm by ruwan326

» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 7:48 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 7:45 pm by ruwan326

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyThu Jun 13, 2019 7:43 pm by ruwan326

» Should CSE be like this? Whose FAULT is it?
Ceylon Hotels Corp to reduce capital to clear carry forward losses EmptyWed Jun 12, 2019 5:21 pm by Yin-Yang

July 2019
SunMonTueWedThuFriSat
 123456
78910111213
14151617181920
21222324252627
28293031   

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

Ceylon Hotels Corp to reduce capital to clear carry forward losses

Go down

Ceylon Hotels Corp to reduce capital to clear carry forward losses Empty Ceylon Hotels Corp to reduce capital to clear carry forward losses

Post by Backstage on Mon Jul 11, 2016 11:48 am


Ceylon Hotels Corp to reduce capital to clear carry forward losses
Author LBO
on July 7, 2016 |

July 07, 2016 (LBO) – Ceylon Hotels Corporation has called an EGM in September to seek shareholder approval for the reduction of its stated capital to wipe off their carry forward losses.

The directors have proposed to reduce the stated capital of the company from 1.22 billion rupees to 198.5 million rupees while setting off a carry forward loss of 1.02 billion rupees.

“The losses adversely affect the Company’s ability to pay a dividend to its shareholders,” the company said in a stock exchange filing.

“Furthermore, the ‘Solvency Test’ requirements have to be satisfied prior to any dividend distribution in the future.”

The company had 171,825,401 ordinary shares and a carry forward loss of 1.02 billion rupees by the end of March 2016.

Comments:
Are shareholder dividends the most important thing in this day and age where dividends are a thing of the past and the money should be reinvested in the company so that shareholders can see capital gains? Seems like an idiotic move, and the idiotic shareholders will give them the mandate to proceed.
3 days ago

Upul

Seems like this is an approach to sell off the entity for a lower consideration
Backstage
Backstage
Top contributor
Top contributor

Posts : 3411
Join date : 2014-02-24

Back to top Go down

Back to top


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