sudden interest on CONN.N0000...........?

anubis wrote:Hi,

I'm not an expert but I calculated their latest P/E ratio by referring to financial statements from http://www.cse.lk/companiesprofile/incomestatement.htm?id=214&symbol=CONN.N0000 and it was only second to RENU.

Still, I cannot explain the "sudden" interest part

EDIT: Correction, IF my calculations are correct (note the big if), CONN has a better P/E ratio than RENU, so it could be undervalued at current price. Experts? what do you think?

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

slstock wrote:

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

duke wrote:

slstock wrote:

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

i was just making a joke. but if a hotel business had 3 hotels and if they sold one of them, what kind of business is it? it's like the car hiring firm selling their rental cars one by one every month to make a profit. but the way it's going that kind of announcement could really appreciate the price. so it doesn't matter about so called fundamentals in cse. i don't think it would change in the future either.

isn't BRWN also got a high earnings this time because of some huge sell off?

slstock wrote:

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

slstock wrote:

slstock wrote:

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me

slstock wrote:

slstock wrote:

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me

Monster wrote:

slstock wrote:

slstock wrote:

duke wrote:correct me if i'm wrong. CONN used to have 3 hotels. they sold one of them and got the profit. isn't that why their PE ratio is fairly valued. now they have 2 hotels. so this year are they going to sell one of the remaining ones. then they will have 1 hotel. then next time are they going to sell the other remaining one. then they have none

Duke,
Yes they did sell 1 of them ( its Reef if I recall right). But am not sure whetehr they will sell their other hotels. Were you making a statement or is this a fact?

Who ever gave the - rep. ( Duke I hope it was not you) : WHY?

Here I am trying to make it clear that they only sold 1 hotel to avoid a confusion for th new comers.
Am asking Duke to clarify what he said about others hotels. ( which he did clarify as a joke later)

AM trying to protect new comers and this is what you give me

You tried to help the new comers and got - rep in return. hm... I will give you a +Rep to balance to balance your -rep.