The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
HAYC - HaycarbYesterday at 9:58 amsubash
Plantation Sector UpdatesTue Oct 20, 2020 3:11 pmslstock
LWL.N0000 (Lanka Walltiles PLC)Fri Oct 16, 2020 12:50 amsubash
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Dividend AnnouncementsMon Aug 17, 2020 1:27 pmRana
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
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

Go down
slstock
slstock
Veteran
Veteran
Posts : 6109
Join date : 2014-06-12

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

on Wed Oct 23, 2019 7:00 am
Message reputation : 100% (1 vote)
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.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------
LSE
LSE
Tech Contributor
Tech Contributor
Posts : 1321
Join date : 2014-06-04

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

on Fri Dec 06, 2019 9:46 am
Guys...

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

study study study
avatar
Admin
Admin
Posts : 558
Join date : 2014-02-22
http://investorsentiment.forumotion.net

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

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
LSE
LSE
Tech Contributor
Tech Contributor
Posts : 1321
Join date : 2014-06-04

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

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
avatar
Admin
Admin
Posts : 558
Join date : 2014-02-22
http://investorsentiment.forumotion.net

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

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 ?
LSE
LSE
Tech Contributor
Tech Contributor
Posts : 1321
Join date : 2014-06-04

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

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 ?
spw19721
spw19721
Active Member
Active Member
Posts : 681
Join date : 2015-08-22

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

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.
LSE
LSE
Tech Contributor
Tech Contributor
Posts : 1321
Join date : 2014-06-04

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

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.
Topcat
Topcat
Posts : 115
Join date : 2019-07-25

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

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
spw19721
spw19721
Active Member
Active Member
Posts : 681
Join date : 2015-08-22

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

on Mon Dec 09, 2019 6:50 am
You took it wrong LSE.please check this.

[You must be registered and logged in to see this link.]

But , If they can submit AR today ,story would be different as you said.
LSE
LSE
Tech Contributor
Tech Contributor
Posts : 1321
Join date : 2014-06-04

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

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)
[You must be registered and logged in to see this link.]

spw19721 wrote:You took it wrong LSE.please check this.

[You must be registered and logged in to see this link.]

But , If they can submit AR today ,story would be different as you said.
spw19721
spw19721
Active Member
Active Member
Posts : 681
Join date : 2015-08-22

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

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.
LSE
LSE
Tech Contributor
Tech Contributor
Posts : 1321
Join date : 2014-06-04

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

on Mon Dec 09, 2019 10:01 am
CSE have took the necessary action,
[You must be registered and logged in to see this link.]


spw19721 wrote:Yes mate I noticed that..

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

Rational Investor likes this post

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