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GROSS DOMESTIC PRODUCT (GDP)
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Results for June quarter: RENU Mon Aug 15, 2011 6:42 pm
Last edited by Antonym on Mon Aug 15, 2011 6:58 pm; edited 1 time in total
Re: Results for June quarter: RENU Mon Aug 15, 2011 6:52 pm
Re: Results for June quarter: RENU Mon Aug 15, 2011 7:10 pm
RockStock wrote:Looks very impressive, but huge part of their income is coming from other operating income category not from their hotel operations.
Re: Results for June quarter: RENU Mon Aug 15, 2011 7:14 pm
Re: Results for June quarter: RENU Mon Aug 15, 2011 7:19 pm
Re: Results for June quarter: RENU Mon Aug 15, 2011 7:41 pm
Re: Results for June quarter: RENU Mon Aug 15, 2011 7:47 pm
mono wrote:apparently this place is famous for prostitution. That would technically count as another 'operating income'
,is it only for big fishes 
Re: Results for June quarter: RENU Mon Aug 15, 2011 7:57 pmI have calculated the anticipated dividend income for RENU for the Mar - Jun 2011 quater at Rs. 56 million. That is Rs. 8 per share. This will be reflected in the other income category of next quaterly report. (Dividends income calculated based on RENU's portfolio as published in the last available annual report)
On top of this, the company has shown remarkable increase in the profit from hotel operations in the recently published financial report which is a good sign.
Overall the future of RENU is promising to me. Do your own analysis and decide.
Re: Results for June quarter: RENU Mon Aug 15, 2011 9:48 pm
Re: Results for June quarter: RENU Mon Aug 15, 2011 9:49 pm
innam wrote:Stop looking at this as a hotel. Currently this is set up like an investment trust that happens to own a hotel.
The balance sheet has Property (the hotel) carried at a book value of Rs 28 per share but this is dwarfed by Investments with a BOOK value of Rs 112, Cash per share of Rs 70 and loans to (probably) related parties of Rs 50.
The hotel just makes up around 10% of teh balance sheet.
Re: Results for June quarter: RENU Wed Aug 17, 2011 8:35 pm Re: Results for June quarter: RENU Thu Aug 18, 2011 7:38 pmI anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
Re: Results for June quarter: RENU Thu Aug 18, 2011 8:11 pm Re: Results for June quarter: RENU Thu Aug 18, 2011 8:54 pmAntonym wrote:I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...
Re: Results for June quarter: RENU Thu Aug 18, 2011 9:41 pmGaja wrote:Antonym wrote:I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...
Will they spell out there plans in the annual report for the cash & bank balances
Re: Results for June quarter: RENU Fri Aug 19, 2011 12:19 pmRENU has played safe and declared a dividend of Rs 5.50 per share - same as last year (subject to Shareholder approval at the AGM).Antonym wrote:I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...
Re: Results for June quarter: RENU Fri Aug 19, 2011 12:28 pmAntonym wrote:RENU has played safe and declared a dividend of Rs 5.50 per share - same as last year (subject to Shareholder approval at the AGM).Antonym wrote:I anticipate that the announcement will come next week, and payment in September. (That's been the pattern.) Last year, they paid Rs 5.50. With performance having improved and being cash rich, RENU ought to pay at least Rs 6 or Rs 7 this year.Gaja wrote:for last 3 financial years ( up to 31.03.2010 ), they declared dividend on the month of September? Can we expect a considerable dividend this time?
As innam pointed out, they have cash & bank balances of Rs 500 million - or Rs 71 per share. I wonder what they are planning to do with it. Another hotel, I think...
AGM Date: 23-09-2011.
XD Date: 26-09-2011.
Payment Date: 29-09-2011.
The announcement has been uploaded on the CSE website.
Re: Results for June quarter: RENU Fri Aug 19, 2011 1:10 pmYes, it will - and we will finally know the market value of RENU's investments as on March 31, 2011.Gaja wrote:
So soon the annual report also will be published?
Re: Results for June quarter: RENU Fri Aug 19, 2011 1:28 pm
Antonym wrote:Yes, it will - and we will finally know the market value of RENU's investments as on March 31, 2011.Gaja wrote:
So soon the annual report also will be published?
One estimate was Rs 2.425 billion (or Rs 346 per share)! Let's see...
Re: Results for June quarter: RENU Fri Aug 19, 2011 1:41 pm Re: Results for June quarter: RENU Fri Aug 19, 2011 1:48 pm
මැටියෙන් හරි පුසා මීය අල්ලනවා නම් ?mono wrote:apparently this place is famous for prostitution. That would technically count as another 'operating income'
Re: Results for June quarter: RENU Fri Aug 19, 2011 1:52 pmAntonym wrote:Yes, it will - and we will finally know the market value of RENU's investments as on March 31, 2011.Gaja wrote:
So soon the annual report also will be published?
One estimate was Rs 2.425 billion (or Rs 346 per share)! Let's see...
Re: Results for June quarter: RENU Fri Aug 19, 2011 2:21 pmAntonym wrote:Hi, slstock.
You are partly right - RENU's investments are valued at cost in the Balance Sheet.
But every year, in the Annual Report (Notes to the Financial Statements), RENU discloses the Market Value of their investments.
For example, see Page 27 of their Annual Report for 2009-10.
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