Need advice on KHL?

aivi · 1 Need advice on KHL? Sun Mar 04, 2012 3:13 pm

aivi

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Please advice on this share.Is it worth to collect at this price?

Redbulls · 2 Keells Hotels doing well here,better in the Maldives Sun Mar 04, 2012 3:21 pm

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John Keells Hotels PLC has posted a profit after-tax of Rs.407.7 million in the nine months ended December 31, 2011, up a massive 14,544% over the modest profit of Rs.2.8 million posted a year earlier, with its Sri Lanka hotels earning Rs.103.6 million and its Maldives properties Rs.305.5 million.

Revenue from the Sri Lanka hotels during the period under review had grown to over Rs.1.7 billion from Rs.1.2 billion a year earlier while in the Maldives revenue was up to Rs.3 billion from nearly Rs.2.7 billion in the comparative period the previous year.

Keells Hotels nine-month results were achieved on revenue of Rs.4.7 billion, up 28% from a year earlier with the third quarter ended December 31, 2011 generating revenue of almost Rs.2 billion.

The group has invested heavily in refurbishing its hotel properties both in Sri Lanka and the Maldives to take advantage of the revival of the tourism industry here following the end of the war.

Analysts said that John Keells Hotels which controls resort properties of the group was well placed to take advantage of the growing tourism industry as it had many long-held properties in prized locations that have now been upgraded, expanded and refurbished.

A new property now under construction at Beruwela is due to be commissioned later this year.

Substantial investment had been made in giving a complete make over to properties like Chaaya Tranz, previously the Coral Gardens Hotel at Hikkaduwa, Chaaya Blu at Trincomalee which had been in the group’s portfolio for a long period of time and Chaaya Wild at Yala.

John Keells Hotels has a stated capital of Rs.9.5 billion, group capital reserves of nearly Rs.1 billion and revenue reserves of nearly Rs.1.8 billion in its books. Total assets ran at Rs.20.4 billion as at December 2011, non-current liabilities at nearly Rs.5 billion and current liabilities at Rs.3.1 billion.

John Keells Holdings with 80.32% of the company is the dominant shareholder followed by the Life Fund of the Sri Lanka Insurance Corporation with 5% and the EPF with 2.97%.

Group net assets per share were up to Rs. 8.41 as at Dec. 31, 2011 from Rs. 7.65 a year earlier. The share traded at a high of Rs. 16.70 and a low of Rs. 12.30 during the December quarter.
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=46614

traderathome · 3 Re: Need advice on KHL? Sun Mar 04, 2012 11:18 pm

traderathome

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aivi wrote:Please advice on this share.Is it worth to collect at this price?

the solid support is around 5Rs,unless i see a crossover on MA and renewed momentum with stoch pointing up this share is of no interest.here is the chart.and your thoughts are most welcome. alien