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Sri Lanka Equity Forum » Stock Market Talk » Breaking News - LONG OVERDUE SALE OF HEXP LAND FOR RS. 420 M REALIZED ON 10/01/2017

Breaking News - LONG OVERDUE SALE OF HEXP LAND FOR RS. 420 M REALIZED ON 10/01/2017

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Blue blooded


Stock Analytic
Stock Analytic

Breaking News - LONG OVERDUE SALE OF HEXP LAND FOR RS. 420 M REALIZED ON 10/01/2017

Many investors/brokers due to ignorance and with ulterior motives attempted in the past to mislead innocent investors that the proposed sale was a pipe dream and expected many positive fundamentals of HEXP were false. Now these proved totally wrong. We below summarize some important factors of HEXP due to the sale of land.
(1)        EPS would increase by Rs. 22.84 during the current quarter and record above Rs. 30 by end of the financial year.
(2)        NAV would increase by Rs. 22.84 to Rs. 84.60 by end of financial year it would exceed Rs. 90. By end of 2017/18 NAV expected to exceed Rs. 105.
(3)        Cash per share would be Rs. 48.

PRICE JUSTIFICATION
(a)        After excluding even the extra-ordinary item of Rs. 22.84 an EPS of Rs. 8 this year on the basis of sector PE of Rs. 23.31 under consumable and apparel would justify price of Rs. 186.
(b)        Similarly sector PBV of 1.51 would justify Rs. 136.   
                                    HEXP undoubtedly would be the best attraction in the present bearish market during the year 2017 and it is possible for the share price to exceed Rs. 150 by 31st March 2017. We strongly therefore recommend to hold the shares till that date to obtain the maximum benefit.

Wish all the HEXP investors to be millionaires during the new year.

Teller

avatar
Moderator
Some people complained that Blue blooded and Teller are same.
I clearly stated we are not same but both of us have one point.
Those who believe us are real winners.
Today HEXP traded around 50 k strongly. I believe most of the fresh investors came into the share with positive cash map. I believe share price to adjust 120 levels or incase GSP share price can jump to 150 levels.
GL

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller
When we can expect approximately that HEXP will reach at minimum level of Rs.110 as a lowest expectation.

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