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Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
GROSS DOMESTIC PRODUCT (GDP)
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Urgent...BINN Tue Apr 05, 2011 2:12 pm
Re: Urgent...BINN Tue Apr 05, 2011 2:26 pm
Re: Urgent...BINN Tue Apr 05, 2011 2:32 pmMonster wrote:Who is buying these shares. This hotel is completely destroyed in tsunami and has no operation. As of 31 December 2010 Net Asset per share is -471.66
Re: Urgent...BINN Tue Apr 05, 2011 2:53 pm
Re: Urgent...BINN Tue Apr 05, 2011 2:59 pm
Re: Urgent...BINN Tue Apr 05, 2011 4:17 pmcse.alpha wrote:BINN's main attraction to traders is its low free float, but they may be playing with fire due to very poor fundamentals.
BINN has only 900,000 shares in issue, and Banyan Tree owns 80% of it - so free float is under 200,000 shares, with only 1,600 shares needed to enter Top 20 shareholders at 31/12/2010.
Fundamentals are very weak: hotel was destroyed in Dec 2004 tsunami, and no operations now - net book value is (minus) -Rs472 per share : Debt of Rs270 m - Related party dues of Rs227 m - Debt results in interest charges despite minimal staff - 2010 loss was -Rs25 m
Long term hope is that Banyan Tree will look to develop property. Property may also attract buyer - land extent not known, but last revalued in FY03.
Know the risk and the potential upside catalysts.
Re: Urgent...BINN Wed Apr 06, 2011 9:51 am Re: Urgent...BINN Wed Apr 06, 2011 12:38 pm Re: Urgent...BINN Wed Apr 06, 2011 4:08 pmdeal wrote:bin laden
Re: Urgent...BINN Fri Apr 08, 2011 7:38 am Re: Urgent...BINN Fri Apr 08, 2011 10:54 am Re: Urgent...BINN Mon Apr 18, 2011 12:32 pm Re: Urgent...BINN Mon Apr 25, 2011 10:56 am
Re: Urgent...BINN Mon Apr 25, 2011 10:58 amSL.Market wrote:BINN droped to 160 level expect further drop to below 150 at the close of market and price band tooo
sorry for the guy bought at 220
Re: Urgent...BINN Mon Apr 25, 2011 11:50 amGaja wrote:SL.Market wrote:BINN droped to 160 level expect further drop to below 150 at the close of market and price band tooo
sorry for the guy bought at 220
I think the persons who bought at 220 still hold it, then he/she will look at us and probably say we are the fool people
Re: Urgent...BINN Mon Apr 25, 2011 3:18 pm
Re: Urgent...BINN Mon Apr 25, 2011 5:09 pm Re: Urgent...BINN Mon Apr 25, 2011 5:13 pm
Re: Urgent...BINN Mon Apr 25, 2011 11:09 pmslstock wrote:
In terms of the SEC directive dated 14th September 2010, the 10% price band has been imposed on BINN.N.0000 with effect from 26th April 2011 to 10th May 2011 (both days inclusive).
The full list of securities on which the 10% price band is applicable is attached.
Re: Urgent...BINN Tue Apr 26, 2011 1:31 am Re: Urgent...BINN Wed Apr 27, 2011 10:15 am Re: Urgent...BINN Wed Apr 27, 2011 3:06 pmGaja wrote:no buyers today it seems?
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