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    Sri Lanka's Hunas Falls Hotels Plc, a hotel in Sri Lanka's knuckles mountain range has soared 19.3 percent amid a take-over offer.

    Carbotels (Pvt) Ltd, and Amaya Leisure Plc has which own 66.2 percent of the firm has received a take-over-offer for their entire holding subject to due diligence, Hunas Falls said in a stock exchange filing.
    No price was mentioned.

    On Friday the stock gained 21.40 rupees to close at 131.80 rupees.

    In the six months to September 2018, the hotel earned revenues of 68.7 million rupees up 4 percent from a year earlier and lost 1.3 million rupees.

    But a profit of 4.8 million rupees, down from 6.5 million rupees was posted for the quarter.
    The hotel is located off Kandy.

  • #2
    Can anyone have the analysis on HUNA Net asset value is 64/=. what will be the deal price if the deal is accepted. As of now the trading price is 160/= will the deal price go at that level.

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    • #3

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      • #4

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        • #5
          deal is done 187/=

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          • #6
            Price fetched 3 times of BV. And some shared trading below its BV. Most shareholders are sitting on goldmine ready to explode
            "The best values today are often found in the stocks that were once hot and have since gone cold"

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