RIL Community

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RIL Community

Postby SHARK » Fri Apr 28, 2017 11:13 pm

Price is what you pay. Value is what you get.”

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Re: RIL Community

Postby SHARK » Tue May 02, 2017 7:26 am

Lolc had given price close to 8.50-8.40,
Ref. price 8.00 with improved sentiment RIL may look a different.
Price is what you pay. Value is what you get.”

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Re: RIL Community

Postby nis2010 » Wed Jun 07, 2017 6:14 pm

R I L PROPERTY PLC
Company ID: - RIL
Date of Announcement: - 07.Jun.2017
Rate of Dividend: - Rs. 0.10 (10 cents) per share / Final Dividend
Financial Year: - 2016/2017
Shareholder Approval: - Not Required
XD: - 19.Jun.2017
Payment: - 29.Jun.2017

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Re: RIL Community

Postby PAT » Sat Jul 15, 2017 11:55 am

R I L Property gears up for expansion

R I L Property PLC, a developer, manager and owner of Grade A office spaces in Colombo, successfully concluded its first annual general meeting as a public limited liability company on July 7.

The company which went in for an initial public offering in May was oversubscribed within hours of opening its issue.

At the AGM, RIL updated the status of the utilization of IPO funds. RIL, the proud owner of PARKLAND, a Grade A office complex located in the heart of Colombo, achieved 100% occupancy recently and is focused on developing additional high quality office spaces within the Central Business District (CBD) of Colombo. As a first step, RIL has already commenced the refurbishment of the READYWEAR building adjacent to its flagship PARKLAND and is set to increase its Grade A office space supply.

In addition, the company also expects to expand the operations of BreadTalk, which is a global franchise operated locally by FoodbuzzPvt.Ltd., a fully owned subsidiary of R I L, by establishing more outlets and introducing innovative lifestyle bakery goods to the local market. R I L has also paid a final tax free dividend of LKR 0.10 per share for the year 2016/17.
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Re: RIL Community

Postby PAT » Sat Aug 19, 2017 10:30 pm

Sri Lanka’s RIL Property reports full occupancy, expands bakery chain

ECONOMYNEXT – RIL Property Limited (RIL), a developer, owner and operator of commercial office space in the Sri Lankan capital Colombo, said net profit rose 37 percent to 78 million rupees in the June 2017 quarter from a year ago.

Sales rose 14 percent to 248 million rupees in the quarter, according to interim results filed with the stock exchange.

Earnings per share were 13 cents. The share last traded at 7.80 rupees on Friday.

RIL Property Chairman Sunil Wijesinha said Parkland, its 22-floor office complex in the heart of Colombo, reached 100 percent occupancy during the quarter and the firm had begun refurbishing the Readywear building in the same location.

The company was expanding its outlets of Bread Talk, a Singaporean food chain, with two outlets opened in the Maharagama and Mount Lavinia suburbs becoming fully operational during the quarter.
(COLOMBO, August 18, 2017)
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Re: RIL Community

Postby DXB » Thu Sep 14, 2017 7:54 pm

Looks like no ones interest RIL... :(
:)

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Re: RIL Community

Postby SHARK » Wed Nov 01, 2017 7:29 am

YEs need to give him time to get accustomed to our culture :D

A new kid in the town :-bd
Price is what you pay. Value is what you get.”

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Re: RIL Community

Postby PATHFINDER » Thu Nov 09, 2017 6:58 pm

https://cdn.cse.lk/cmt/uploadAnnounceFi ... 8_1544.pdf

Acquisition of 30% stake of UML by RIL.

Cost for the transaction was 2.3Bn.Now RIL have to go for a mandatory offer to buy remaining shares of UML.
As said in the particular announcement RIL targeting 51% of UML.Cost will be 3.91Bn for 51% stake.

RIL has 6Bn retain earnings, they can utilize that fund for the transaction.

Or they have to go for a loan or right issue to get the fund.Currently RIL has low DER.But they are currently paying nearly 30% as finance cost of Gross profit.If they go for a big loan there bottom line would badly get a hit.

On positive side RIL gets good valuable lands from UML which they can develop as stated in the announcement.

RIL will be a good interesting share in coming quarters.
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Re: RIL Community

Postby stocks hunter » Thu Nov 09, 2017 7:15 pm

I'm really positive about this share now specially directors are being the major share holders of the company.

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Re: RIL Community

Postby stocks hunter » Sun Nov 12, 2017 10:43 am

Last week’s Rs. 2.3 billion deal on the Colombo Stock Exchange through which the Yaseen-controlled RIL Property PLC acquired 30% of United Motors PLC (UML) in which Yaseen is the major shareholder was partly driven by RIL’s interest in UML’s four billion rupee land bank in Colombo-2, Ratmalana and Orugodawatte, the buyers revealed.

The seller of the UML block, high net worth investor MA Yaseen, who has a further holding in that company, has undertaken to ensure that he will make available to RIL any shortfall from its 51% target that may not be forthcoming from minority UML shareholders under the forthcoming mandatory offer.

Yaseen has agreed not to accept RIL’s mandatory offer but would make good any shortfall that RIL needs to have control of UML.

RIL’s name is derived from Ready Wear Industries Ltd., the garments business on which Yaseen’s empire was built.

UML, established in 1945, is one of the oldest automobile companies in Sri Lanka with sole distributorships for a broad spectrum of automobiles brands including Mitsubishi, Fuso, TVS, Perodua, JMC, DFSK, MG, Brilliance and Zotye.

RIL owns a significant real estate portfolio of over 600 perches of prime property in Colombo 2 and is the owner, developer and manager of the "PARKLAND", the 22 storey landmark Grade ‘A’ office building in Colombo 2 with a gross floor area of c. 450,000 sq. ft.

RIL was listed on the CSE via a successful Initial Public Offering (IPO) in May 2017 raising LKR 960 Mn from the public for its business expansion strategy, which is being pursued intently.

Hiroshini Fernando, CEO of RIL, commenting on the transaction, stated "The acquisition of UML further deepens our access to prime properties in Colombo and its suburbs and opens many more opportunities for long term real estate development.

"Post acquisition, the strength of UML’s core business operations and strong dividend track record, will also contribute to the overall strength of RIL Group. In the meanwhile, RIL is steadily progressing towards using the funds raised through our recent IPO to achieve the objectives stated in the Prospectus, particularly the redevelopment of the "READYWEAR" Building.

"We are also actively pursuing the branch expansion strategy of the BreadTalk operation in line with our intended plans."

UML has a strong presence in auto-related businesses including repairs and services, motor spares and lubricants with access to over 2,000 dealers.

In addition to its core business operations, UML group also owns a significant land bank mainly consisting of lands located in Colombo 02, Ratmalana and Orugodawatta valued at over LKR 4.0 Bn as at March 31, 2015.

The property located in Hyde Park Corner in Colombo 2 is adjacent to the property owned by RIL and offers a unique opportunity to unlock the value via a potential joint development by both RIL and UML in the future.

NDB Investment Bank acted as the transaction advisor to RIL whilst Nithya Partners acted as Legal Advisors to the transaction.

http://www.island.lk/index.php?page_cat ... tle=174856

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Re: RIL Community

Postby stocks hunter » Thu Nov 16, 2017 7:25 pm

Very good performance from the company. Stable & will be a star for future. NAV now stands Rs20.16. However this will get improve further with the acquisition of UML & we can see it in Dec Q reports.

Coming colours are very good.

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Re: RIL Community

Postby yellow bird » Thu Nov 16, 2017 8:22 pm

Yes. But will not the funding for aquisition of united motors make there finance cost very high ?

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Re: RIL Community

Postby PAT » Wed Dec 13, 2017 9:36 pm

over 3 million traded @ 7.10.......
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Re: RIL Community

Postby anu » Wed Dec 13, 2017 11:02 pm

RIL is yaseen's family company. After making it public, now Yaseen has sold part of his UML shares to RIL and got liquid cash for his investment activities; probably. RIL, imo is a medium term stock

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Re: RIL Community

Postby PAT » Sun Jan 07, 2018 11:26 pm

Rs. 78 price for UML share in mandatory offer "unattractive" says KPMG

In an Independent Advisor’s Report on the mandatory offer of RIL Property PLC (RILP) for United Motors Lanka PLC (UML), KPMG Sri Lanka has said that the 78-rupee mandatory offer price "is unattractive to the shareholders of UML."


Their report has now been forwarded to all UML shareholders by the UML directors who have said that they endorse the opinion of KPMG in their report but expressed the view that individual shareholders must make their own decision/assessment of the mandatory offer.


"….the final decision to accept or of reject the mandatory offer rests entirely with them," a communication signed by Mr. C. Yatwara, Group CEO/Executive Director and Prof. Malik Ranasinghe, Director on behalf of the UML board said.


KPMG has said their opinion was based on UML’s historical financial performance and position of the company up to Sept. 30, 2017 which was the valuation date.


On Nov. 8, 2017, RILP acquired over 30.27 million UML shares on the CSE from Mr. M.A. Yaseen, a major shareholder of both RILP and UML at a price of Rs. 78 per share triggering the mandatory offer of the SEC’s Takeovers and Mergers Code.


Yaseen who owns 31.2% of UML has undertaken not to accept the mandatory offer but said he would divest a further quantity of shares held by him if RILP fails to secure adequate acceptance from minority shareholders of UML to ensure it gets 51% control.


Yaseen’s daughter, Ms. R.R. Yaseen holding 10.67% of UML has also undertaken not to accept the mandatory offer, but would like her father divest a further quantity if RILP fails to get the desired 51% from minority shareholders.


RILP is the owner, developer and manager of over 600 perches of prime land in Colombo with over 450,000 sq, ft. of Grade A office space in a 22-storey building in the city.
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Re: RIL Community

Postby PAT » Fri Feb 02, 2018 3:20 pm

Rs 7.50
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Re: RIL Community

Postby stocks hunter » Thu Feb 08, 2018 7:18 am

RIL is holding it's ground really well.

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Re: RIL Community

Postby PAT » Fri Feb 09, 2018 7:09 pm

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Re: RIL Community

Postby PAT » Fri Feb 09, 2018 7:13 pm

9 months EPS 4.71

Dec quarter EPS 4.41 ( mainly due to other income, one of gain)

SP still trading around 7.20/7.50.........
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Re: RIL Community

Postby stocks hunter » Fri Feb 09, 2018 7:27 pm

stocks hunter wrote:Very good performance from the company. Stable & will be a star for future. NAV now stands Rs20.16. However this will get improve further with the acquisition of UML & we can see it in Dec Q reports.

Coming colours are very good.


PAT wrote:9 months EPS 4.71

Dec quarter EPS 4.41 ( mainly due to other income, one of gain)

SP still trading around 7.20/7.50.........


What ever said & done RIL will be a very good share future.

This is a must share in every investors PF for future. With this acquisition they will definitely improve the dividend policy as well.

Plus - Majority of the ownership is with the Yaseen family.

:ymhug: :ymhug:

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Re: RIL Community

Postby stocks hunter » Sun Feb 11, 2018 5:26 pm

What is worrying me is no body is talking RIL now. Why is that???

Don't underestimate RIL which is the 51% owner of Sri lanka's best managed MV company united motors.

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Re: RIL Community

Postby PAT » Sun Feb 11, 2018 11:04 pm

stocks hunter wrote:What is worrying me is no body is talking RIL now. Why is that???

Don't underestimate RIL which is the 51% owner of Sri lanka's best managed MV company united motors.


Crowd will join when the SP start moving towards Rs 8/8.50......... :D
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Re: RIL Community

Postby stocks hunter » Mon Feb 12, 2018 7:17 am

PAT wrote:
stocks hunter wrote:What is worrying me is no body is talking RIL now. Why is that???

Don't underestimate RIL which is the 51% owner of Sri lanka's best managed MV company united motors.


Crowd will join when the SP start moving towards Rs 8/8.50......... :D


Ok PAT....

This reminds me the LDEV early stages....... :)) :))

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Re: RIL Community

Postby eco » Mon Feb 12, 2018 9:36 am

Not much movement As expected?

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Re: RIL Community

Postby stocks hunter » Mon Feb 12, 2018 9:41 am

That is the way my dear........


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