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Sri Lanka Equity Forum » Stock Market Talk » OSEA plans to buy 2 floors in WTC

OSEA plans to buy 2 floors in WTC

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1 OSEA plans to buy 2 floors in WTC on Wed Mar 25, 2015 12:55 am

Teller

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Overseas Realty (Ceylon) PLC yesterday announced that the company aims to raise Rs. 977 million via a Rights Issue.
It will issue 44,393,914 new Ordinary shares at a price of Rs. 22per share in the proportion of 1 : 19.
The purpose of the rights issue is to raise funds to purchase two floors of the World Trade Center Building and the surplus to be used for working capital needs of the Company.
Post announcement, the Company’s stock closed 4% down to Rs. 24.60. It hit an intra-day high of Rs. 26. Net asset value per share is Rs. 30.76 as at 31 December 2014, up from Rs. 28.66 a year earlier.
The Company ended a successful Financial Year 2014 recording its highest Profit after tax of Rs. 3.3 billion surpassing Rs. 2.6 billion in last year.
The Group maintained a worthy growth momentum to achieve a revenue of Rs 6.2Bn, an increase of 28 % through Property Leasing, Trading and Service Segments.
Growth in group profit was driven by high occupancy levels at the iconic World Trade Center (WTC) and sales of luxury apartments at Havelock City. Property Leasing revenue grew by 11% to Rs 1.8 billion over 2013 with occupancy levels being maintained above 98%. Excellent quality facilities and services continued to be provided to the occupants of this building complex.



Last edited by Teller on Wed Mar 25, 2015 12:58 am; edited 1 time in total (Reason for editing : typing error)

2 Re: OSEA plans to buy 2 floors in WTC on Wed May 13, 2015 8:10 pm

lakymahesh


Equity Analytic
Equity Analytic
WTC  is owned by OSEA, why do they need to pay them self to buy two floors ? can some1 pls explain this. To whom are they paying this sum ?

3 Re: OSEA plans to buy 2 floors in WTC on Wed May 13, 2015 8:18 pm

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
there should be a reasoning for rights.have they played a trick

4 Re: OSEA plans to buy 2 floors in WTC on Wed May 13, 2015 9:13 pm

guruji

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Manager - Equity Analytics
Manager - Equity Analytics
Lies,lyers

5 Re: OSEA plans to buy 2 floors in WTC on Wed May 13, 2015 10:33 pm

Teller

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Moderator
sold floors may be buy back is possible. But im not sure.

6 Re: OSEA plans to buy 2 floors in WTC on Thu May 14, 2015 9:45 pm

lakymahesh


Equity Analytic
Equity Analytic
any idea boys ? y they have to buy two floors from WTC which belongs to them ?

7 Re: OSEA plans to buy 2 floors in WTC on Thu Apr 27, 2017 7:54 am

Miss-Sangeetha

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Please read this thread from the beginning, this is another ample example to identify who is Teller; Teller was fabricating stories to dump OSEA  at that time on behalf of his boss.
This is another PV inner bullish around 98.6 daily adjustment to 97.2 means green today that means now you go and sleep in graveyard to save your own funeral expense later.

Similar way Hayleys internal land sale between Hayleys two subsidiary HEXP and ALMEX PLC for their own right issue purposes was portrayed by Teller as great land sale with financial analysis and Chart provided by his boss, HEXP target price was fixed by Teller as Rs.130/-, 150/- and 300/- but his Boss generously given HEXP @97, now Teller forgotten the forum password to open this forum  

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