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  • #23
    Extract from ASIA

    SPEN reported a 2Q FY19 recurring net profit of LKR 484mn (-17.2% YoY) with revenues up 1.0% YoY and EBIT margins of 9.3% (-1.4pp YoY). Earnings were hurt mainly by Leisure, which recorded a loss for the quarter. The Strategic Investments division made a profit for the quarter, mainly driven by cost savings on the likely discontinuation of Ace Power. While Strategic Investments reported a better than expected result, downward revision to Leisure earnings leads our SOTP valuation to derive a target price of LKR 49.60/share (LKR 50.80/share). Including a DPS of LKR 1.50, we derive a total return of +12.8%. Any changes to the current status of the PPA, will result in a change to our target price and rating. HOLD

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    • #24
      Click image for larger version

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      "The best values today are often found in the stocks that were once hot and have since gone cold"

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      • #25
        HJ wants to accumulate as low as possible.

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        • #26
          Anyone eyeing this now ? Management could be questionable @45 is it that bad, to ignore

          This has to be a GEM at current levels.
          Below 45 is worth in my opinion given its peers.
          "The best values today are often found in the stocks that were once hot and have since gone cold"

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          • #27
            Good recovery

            Indeed 45 good to collect with the view of LT
            Live Today........
            Without compromising your ability to Live Tomorrow………

            Comment


            • #28
              Sri Lanka’s Aitken Spence Hotel Holdings December net up 38.5-pct

              ECONOMYNEXT – Sri Lanka’s Aitken Spence Hotel Holdings said net profit rose 38.5 percent to 339 million rupees in the December 2018 quarter from a year ago.

              Sales rose eight percent to 4.9 billion rupees over the period, interim accounts filed with the stock exchange showed.

              Earnings per share for the December quarter were one rupee. The share closed unchanged at 26.10 rupees Monday.

              The Aitken Spence Hotel Holdings group made a loss per share of 26 cents for the nine months to December 2018 with a net loss of 76 million rupees on sales of 12.4 billion rupees.

              Six months of the period under review relates to the off season of the tourism industry both in Sri Lanka and overseas where the group operates, a note to the accounts said.

              The group’s Sri Lankan hotels made a loss of 115 million rupees during the period while its overseas resorts, in the Middle East, Maldives and India, made a profit of 319 million rupees, lower than the year before.
              (Colombo/Feb11/2019 - SB)
              Live Today........
              Without compromising your ability to Live Tomorrow………

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              • #29
                SPEN had done well the last 2 quarters in my opinion. please correct me if i am wrong. trades low compared to others in the sector. VONE and SPEn need to be promoted amongs the foreigners, i guess.
                "The best values today are often found in the stocks that were once hot and have since gone cold"

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                • #30
                  Big accumulator wants to collect low.

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                  • #31
                    Big fish collected 3mil at 45 sometime back.
                    "The best values today are often found in the stocks that were once hot and have since gone cold"

                    Comment


                    • #32
                      Thus will remain depressed unless another MORA jumps in.

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