21-Aug-2014 Dividend Announcement - CABO & RENU

CARGO BOAT DEVELOPMENT COMPANY PLC
Company ID: - CABO
Date of Announcement: - 21.Aug.2014
Dividend per Share: - Rs. 2.50 per share / First & Final Dividend
Financial Year: - 2013/2014
Shareholder Approval: - Required
AGM: - 23.Sep.2014
XD: - 24.Sep.2014
Payment: - 29.Sep.2014
Share Transfer Book Open

RENUKA CITY HOTELS PLC
Company ID: - RENU
Date of Announcement: - 21.Aug.2014
Dividend per Share: - Rs. 4.00 per share / First & Final Dividend
Financial Year: - 2013/2014
Shareholder Approval: - Required
AGM: - 23.Sep.2014
XD: - 24.Sep.2014
Payment: - 29.Sep.2014
Share Transfer Book Open

How the powerful parippu from RENU? At least they have kept the dividend the same as last year, I thought they might reduce to Rs 3 this time.

Very powerful. The management is learning and getting kinder to shareholders.

jiggysaurus wrote:How the powerful parippu from RENU? At least they have kept the dividend the same as last year, I thought they might reduce to Rs 3 this time.

Antony still u have this counters, will the management has any intention of thinking about the shareholders?

Top Trader wrote:Antony still u have this counters, will the management has any intention of thinking about the shareholders?

RENU and CABO are doing reasonably well financially, but it appears that their Boards of Directors have absolutely no intention of paying a decent dividend. They could have been forgiven if they had at least announced what they are planning to do with their stockpile of cash (RENU: Rs 211 per share, CABO: Rs 44 per share).

With their combined cash balance that exceeds Rs 1.9 billion, they could have bought up a medium-sized company! Disgruntled shareholders should probably attend the AGM and make their feelings known.

Antonym wrote:

Top Trader wrote:Antony still u have this counters, will the management has any intention of thinking about the shareholders?

RENU and CABO are doing reasonably well financially, but it appears that their Boards of Directors have absolutely no intention of paying a decent dividend. They could have been forgiven if they had at least announced what they are planning to do with their stockpile of cash (RENU: Rs 211 per share, CABO: Rs 44 per share).

With their combined cash balance that exceeds Rs 1.9 billion, they could have bought up a medium-sized company! Disgruntled shareholders should probably attend the AGM and make their feelings known.

Well said mate.

Antonym wrote:

Top Trader wrote:Antony still u have this counters, will the management has any intention of thinking about the shareholders?

RENU and CABO are doing reasonably well financially, but it appears that their Boards of Directors have absolutely no intention of paying a decent dividend. They could have been forgiven if they had at least announced what they are planning to do with their stockpile of cash (RENU: Rs 211 per share, CABO: Rs 44 per share).

With their combined cash balance that exceeds Rs 1.9 billion, they could have bought up a medium-sized company! Disgruntled shareholders should probably attend the AGM and make their feelings known.

Cargo Boat has set up a subsidiary, Renuka Land (Pvt) Ltd., which is awaiting final clearance to construct and manage a state of the art commercial complex in Colombo 2. A BOI company, Renuka Land plans to invest approximately Rs. 2 billion on this 14-storey property at Braybrooke Place originally acquired to build a hotel.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=109016

I wonder whether this subsidiary will simply borrow funds from RENU and CABO for the proposed commercial complex, or whether they will think up some innovative plan that also benefits the minority shareholders...

Antonym wrote:

Antonym wrote:

Top Trader wrote:Antony still u have this counters, will the management has any intention of thinking about the shareholders?

RENU and CABO are doing reasonably well financially, but it appears that their Boards of Directors have absolutely no intention of paying a decent dividend. They could have been forgiven if they had at least announced what they are planning to do with their stockpile of cash (RENU: Rs 211 per share, CABO: Rs 44 per share).

With their combined cash balance that exceeds Rs 1.9 billion, they could have bought up a medium-sized company! Disgruntled shareholders should probably attend the AGM and make their feelings known.

Cargo Boat has set up a subsidiary, Renuka Land (Pvt) Ltd., which is awaiting final clearance to construct and manage a state of the art commercial complex in Colombo 2. A BOI company, Renuka Land plans to invest approximately Rs. 2 billion on this 14-storey property at Braybrooke Place originally acquired to build a hotel.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=109016

I wonder whether this subsidiary will simply borrow funds from RENU and CABO for the proposed commercial complex, or whether they will think up some innovative plan that also benefits the minority shareholders...

If 2 billion investment then defa rights issue coming rights issue coming.

jiggysaurus wrote:

Antonym wrote:

Antonym wrote:

Top Trader wrote:Antony still u have this counters, will the management has any intention of thinking about the shareholders?

RENU and CABO are doing reasonably well financially, but it appears that their Boards of Directors have absolutely no intention of paying a decent dividend. They could have been forgiven if they had at least announced what they are planning to do with their stockpile of cash (RENU: Rs 211 per share, CABO: Rs 44 per share).

With their combined cash balance that exceeds Rs 1.9 billion, they could have bought up a medium-sized company! Disgruntled shareholders should probably attend the AGM and make their feelings known.

Cargo Boat has set up a subsidiary, Renuka Land (Pvt) Ltd., which is awaiting final clearance to construct and manage a state of the art commercial complex in Colombo 2. A BOI company, Renuka Land plans to invest approximately Rs. 2 billion on this 14-storey property at Braybrooke Place originally acquired to build a hotel.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=109016

I wonder whether this subsidiary will simply borrow funds from RENU and CABO for the proposed commercial complex, or whether they will think up some innovative plan that also benefits the minority shareholders...

If 2 billion investment then defa rights issue coming rights issue coming.

Good observation.

jiggysaurus wrote:

Antonym wrote:

Antonym wrote:

Top Trader wrote:Antony still u have this counters, will the management has any intention of thinking about the shareholders?

RENU and CABO are doing reasonably well financially, but it appears that their Boards of Directors have absolutely no intention of paying a decent dividend. They could have been forgiven if they had at least announced what they are planning to do with their stockpile of cash (RENU: Rs 211 per share, CABO: Rs 44 per share).

With their combined cash balance that exceeds Rs 1.9 billion, they could have bought up a medium-sized company! Disgruntled shareholders should probably attend the AGM and make their feelings known.

Cargo Boat has set up a subsidiary, Renuka Land (Pvt) Ltd., which is awaiting final clearance to construct and manage a state of the art commercial complex in Colombo 2. A BOI company, Renuka Land plans to invest approximately Rs. 2 billion on this 14-storey property at Braybrooke Place originally acquired to build a hotel.

http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=109016

I wonder whether this subsidiary will simply borrow funds from RENU and CABO for the proposed commercial complex, or whether they will think up some innovative plan that also benefits the minority shareholders...

If 2 billion investment then defa rights issue coming rights issue coming.

Would they???

If my memory serves correct, last time wen renovations went on with RENU, they financed it by selling a small portion of their investment portfolio + a bank loan. Nothing was requested from shareholders..

Some interest on RENU. I checked this thread and realised the last dividend was in August.

Wonder if anything special this time (surprise) and thus the interest.