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East West properties

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East West properties - Page 3 Empty Re: East West properties

Post by slstock on Wed Oct 23, 2019 7:00 am

Invi,

Where are you?

I think you need to make an update here   as EAST
results are out. Reported East NAV was  14 not 24.


~~~~~~~~~~~~

Everybody else  


Leaving aside  all the past dramas and games on EAST,  presently EAST is on a
much better financial situation after this MAariot  sale. We knew this after the sale.  

But do not buy the bull crap promo at other places saying EAST will give
another Rs 10 dividend etc. Why is Nahil crazy to do so ?

But I can say there can be some trading ops with EAST  
if you enter at the right time/when ever. Price now is around Rs 9.



slstock wrote:Invi ,


*  Even after this hotel sale , the group own some other subsidiaries,
   assets/liabilities. You will need to take Group NAV as far as am concerned.
   Not Company NAV.   

* Also I reiterate  what I already said on calculating the real gain
  and ultimate NAV of  EAST ( after dividend paid)


Will not  spend further time on this, other than considerable time
already taken to explain.  We will see the Quarter report soon.

~~~~~~~~~~~~


Btw Invi, just curios  is ID Braveheart known to you?




The Invisible wrote:Thanks SLS for the points highlighted. Lets discuss one by one.

The numbers were derived through a simulation exercise based on available financials and the 18th April announcement all of which were attached.

lets go one by one.
Cash of 3bn - As per the announcement Marriott has paid 2.8bn as sales value for 71% stake pluss Weligama hotel themselves paid another 0.2 bn to EAST as settlement of loan so altogether in April company has got 3bn cash (can be 100% in cash or a balance to be received which I dont know)

Dividend - they declared 8.5 per share for 138mn shares so they distributed 1.2 bn out of the sale proceeds. Meaning they should have left with 1.8bn excess cash to do something.

NAV - yes the NAV for group was 4 and for company was 10. According to my simulation exercise EAST has to report more or less their company results as group results because the hotel segment will no more. So group BS minus hotel BS has been simulated as EAST BS in June quarter so the starting NAV to be 10. And on top of that they need to report the capital gain on the sale which I estimate to take the NAV towards 24.

Then what do they do with excess cash of 1.8bn. When we minus hotel interest braring borrowings from group borrowings EAST will end up with another 1bn or so so logically they should settle this loan too and make the new BS debt free.

_________________
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East West properties - Page 3 Empty Re: East West properties

Post by LSE on Fri Dec 06, 2019 9:46 am

Guys...

it's time to look at..
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study study study
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East West properties - Page 3 Empty Re: East West properties

Post by Admin on Fri Dec 06, 2019 9:59 pm

LSE wrote:Guys...

it's time to look at..
[You must be registered and logged in to see this link.]

study study study

Please explain LSE

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East West properties - Page 3 Empty Re: East West properties

Post by LSE on Sun Dec 08, 2019 10:58 am

What do you wann me to explain?
Hoping you can access to the link given below.

Admin wrote:
LSE wrote:Guys...

it's time to look at..
[You must be registered and logged in to see this link.]

study study study

Please explain LSE
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East West properties - Page 3 Empty Re: East West properties

Post by Admin on Sun Dec 08, 2019 4:23 pm

LSE wrote:What do you wann me to explain?
Hoping you can access to the link given below.

Admin wrote:
LSE wrote:Guys...

it's time to look at..
[You must be registered and logged in to see this link.]

study study study

Please explain LSE

Why is it time to look at it specifically after the results? Anything special ?

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East West properties - Page 3 Empty Re: East West properties

Post by LSE on Sun Dec 08, 2019 7:15 pm

EAST will create more trading opportunities in comming weeks. Following are the next identified resistance levels for EAST in comming weeks

R4 - 11.67  ---->>> Resistance Level 4
R3 - 10.77  ---->>> Resistance Level 3
R2 -  9.87   ---->>> Resistance Level 2
R1 -  9.43   ---->>> Resistance Level 1

Admin wrote:
LSE wrote:What do you wann me to explain?
Hoping you can access to the link given below.

Admin wrote:
LSE wrote:Guys...

it's time to look at..
[You must be registered and logged in to see this link.]

study study study

Please explain LSE

Why is it time to look at it specifically after the results? Anything special ?
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East West properties - Page 3 Empty Re: East West properties

Post by spw19721 on Sun Dec 08, 2019 11:00 pm

Why making fuss about this?They havent submitted their annual report yet.As I know trading will be suspended from 9th December onwards.
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East West properties - Page 3 Empty Re: East West properties

Post by LSE on Sun Dec 08, 2019 11:30 pm

Really...??? Shocked If not how does it appears in the CSE site? Did you check the link which I've given at the above?

spw19721 wrote:Why making fuss about this?They havent submitted  their annual report yet.As I know trading will be suspended from 9th December onwards.
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East West properties - Page 3 Empty Re: East West properties

Post by Topcat on Sun Dec 08, 2019 11:35 pm

LSE wrote:Really...???  Shocked  If not how does it appears in the CSE site? Did you check the link which I've given at the above?

spw19721 wrote:Why making fuss about this?They havent submitted  their annual report yet.As I know trading will be suspended from 9th December onwards.
It's only the interim..so spw is right
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East West properties - Page 3 Empty Re: East West properties

Post by spw19721 on Mon Dec 09, 2019 6:50 am

You took it wrong LSE.please check this.

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But , If they can submit AR today ,story would be different as you said.
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East West properties - Page 3 Empty Re: East West properties

Post by LSE on Mon Dec 09, 2019 7:24 am

I was talking about this not the Annual Report, Interim Financial Statements as at 30.09.2019 (Uploaded-06 Dec 2019)
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spw19721 wrote:You took it wrong LSE.please check this.

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But , If they can submit AR today ,story would be different as you said.
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East West properties - Page 3 Empty Re: East West properties

Post by spw19721 on Mon Dec 09, 2019 9:57 am

Yes mate I noticed that..

Just wanted to remind you about the potential trading suspension .Thats all.
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East West properties - Page 3 Empty Re: East West properties

Post by LSE on Mon Dec 09, 2019 10:01 am

CSE have took the necessary action,
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spw19721 wrote:Yes mate I noticed that..

Just wanted to remind you about the potential trading suspension .Thats all.
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