RENU and CABO march 13 reports ( pre annoucment)

Slstock · 1 RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 4:53 pm

Slstock

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RENU http://www.cse.lk/cmt/upload_report_file/569_1369649759306.03.2013.pdf

CABO http://www.cse.lk/cmt/upload_report_file/615_1369649585072.PLC%20-%20Quater%20Ended%2031.03.2013.pdf

Don't get deceived by EPS only ;-) . Lot of discussion on this.

Gaja · 2 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 5:05 pm

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Seems have to wait till the audited accounts to see the investments

Slstock · 3 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 5:22 pm

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RENU hotel earnings have grown. This quarter is almost a true picture of it core business without lot of other income.

It is hard to believe RENU has Rs 160 per share in cash. Even if they lock 1 billion in an FD ( will be lazy to do so as they can get btter returns with money like that), it should bring them Rs 15+ interest earnings.

June quarter will be fun with COMB/DFCC dividends and possible capital gaisn though some sales to RENU/CABO.

anges · 4 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 6:43 pm

anges

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seems like the people who are buying knows something u dnt ! plus mkt sentiment is gud ! u will need to get more info ! gud luck ! for me both shares are gud value for money !

gamaya · 5 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 8:55 pm

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Hope this time Renu,Cabo nails down some profits and give a decent divident. That could do wonders.

Gainer · 6 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:00 pm

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CABO Current market Earning per share more than 160.00 Rupees.
Last quarter NAV 79+160 = 239.00 Current net asset value per share.

Antonym · 7 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:08 pm

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Gainer wrote:CABO Current market Earning per share more than 160.00 Rupees.
Last quater NAV 79+160 = 239.00 Current net asset value per share.

You may be approximately right about the NAV, but would you care to elaborate?
How did you arrive at the EPS of Rs 160?!

Takecharge · 8 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:12 pm

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CABO for sure

Jiggysaurus · 9 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:19 pm

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slstock wrote:RENU http://www.cse.lk/cmt/upload_report_file/569_1369649759306.03.2013.pdf

CABO http://www.cse.lk/cmt/upload_report_file/615_1369649585072.PLC%20-%20Quater%20Ended%2031.03.2013.pdf

Don't get deceived by EPS only ;-) . Lot of discussion on this.

relatively third rate low class management team who haven't bothered to go with SLFRS (taken the lazy option of going with interim arrangements).
Going with SLRFS would have forced these stingy jokers to mark the investment portfolio to the market rate. shareholders will have to wait for the audited annual report to see the marks (RENU should have a NAV of ~450), but looks like the NAV will be unobtainable for minority shareholders will only see a dividend of Rs 6.
But who knows maybe the management will wake up and as some in the forum would say split coming, split coming?

anu

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Running the business like a close family affair sucks. Absolute disregard to minority holding worries...

Jake Sully

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It is the ICASL who should be blamed and not the company. There shouldn't be an interim arrangement in the first place.

Jiggysaurus

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anu wrote: Absolute disregard to minority holding worries...

Remember RENU did a short term theft of 300 million+ of shareholder money to set up a related party business in Australia (probably run by a management mistress or a boyfriend or some such).

Holding 1.1 billion in cash without returning value to minority shareholders is an absolute joke inline with the bs done by the likes of Rishan, Baloney and Greggers. Stingyaiah must be using the cash notes as toilet paper. Anybody holding this joke as a LT holding should go to the AGM and ask some questions from mismanagement.

That being said both RENU and CABO have turned into good ST trading shares.

Jiggysaurus

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Jake Sully wrote:It is the ICASL who should be blamed and not the company. There shouldn't be an interim arrangement in the first place.

If BALA (which is a black hole for minority shareholders) can manage to do the marks for the March quarter, why can't Stingyaiah do it? Just pure laziness and disinterest.

Jake Sully

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And agn, if you can't blame the institute, blame the company auditors. Normally the new standards are applied by the auditors of the company and not the company accountant. In SL, A very FEW companies involve their auditors to review the quarterly statements. So the poor accountant will go for the easy step leaving behind the rest of the work to the auditors at year end.

Slstock · 15 Re: RENU and CABO march 13 reports ( pre annoucment) Tue May 28, 2013 4:12 am

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As people mentioned, how the minority holders are treated with especially RENU( due to Rs 160 per share cash) is rather disgusting.

For RENU as jiggy mentioned Rs 6 dividend is a joke to start with. They may increase it to Rs 6.5 or Rs 7 this time!

These shares was almost dead during the past period and now come alive a bit. High time management take notice to treat their minorty holders if they care.

CABO cash in hand now is about Rs 10-11 but it can all change if they get any realize any capital gains in the future.

Bond · 16 Re: RENU and CABO march 13 reports ( pre annoucment) Tue May 28, 2013 7:42 am

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slstock wrote:As people mentioned, how the minority holders are treated with especially RENU( due to Rs 160 per share cash) is rather disgusting.

For RENU as jiggy mentioned Rs 6 dividend is a joke to start with. They may increase it to Rs 6.5 or Rs 7 this time!

These shares was almost dead during the past period and now come alive a bit. High time management take notice to treat their minorty holders if they care.

CABO cash in hand now is about Rs 10-11 but it can all change if they get any realize any capital gains in the future.

Some of you act as if you started on the CSE yesterday.

Slstock

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And some of you act if nothing will never change and there is no possibility also.

If you have info just share directly.

Bond wrote:

slstock wrote:As people mentioned, how the minority holders are treated with especially RENU( due to Rs 160 per share cash) is rather disgusting.

For RENU as jiggy mentioned Rs 6 dividend is a joke to start with. They may increase it to Rs 6.5 or Rs 7 this time!

These shares was almost dead during the past period and now come alive a bit. High time management take notice to treat their minorty holders if they care.

CABO cash in hand now is about Rs 10-11 but it can all change if they get any realize any capital gains in the future.

Some of you act as if you started on the CSE yesterday.

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RENU and CABO march 13 reports ( pre annoucment)

1 RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 4:53 pm

Slstock

2 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 5:05 pm

Gaja

3 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 5:22 pm

Slstock

4 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 6:43 pm

anges

5 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 8:55 pm

gamaya

6 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:00 pm

Gainer

7 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:08 pm

Antonym

8 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:12 pm

Takecharge

9 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:19 pm

Jiggysaurus

10 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:32 pm

anu

11 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:36 pm

Jake Sully

12 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:49 pm

Jiggysaurus

13 Re: RENU and CABO march 13 reports ( pre annoucment) Mon May 27, 2013 11:53 pm

Jiggysaurus

14 Re: RENU and CABO march 13 reports ( pre annoucment) Tue May 28, 2013 12:02 am

Jake Sully

15 Re: RENU and CABO march 13 reports ( pre annoucment) Tue May 28, 2013 4:12 am

Slstock

16 Re: RENU and CABO march 13 reports ( pre annoucment) Tue May 28, 2013 7:42 am

Bond

17 Re: RENU and CABO march 13 reports ( pre annoucment) Tue May 28, 2013 10:05 am

Slstock

18 Re: RENU and CABO march 13 reports ( pre annoucment)

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