Monday, February 15, 2010

SRI LANKA - AITKEN SPENCE HOTEL HOLDINDS (AHUN)

12/15/2009 - To day a large quantity of AHUN traded at Rs 250, in blocks of two 400,000/- parcels & one 200,000 parcel.Share price was up by Rs 8.25 & closed at 248.This is a good sign to follow because after large parcels most of times we can see upward movement of the particular share price.

Last Q profit up by 225%, However YOY up to 30/09/09 profit down by 163%. NAV Stands at 114.70.

AHUN has Sri lanka's leading hotels under their umbrella, Kandalama,Ahungalla,Browns,Hiltop,Tea factory etc & hotels in Maldives,India & Oman. These hotels are operated under three brands namely Aitken spence hotels & resorts ,Heritance hotels & resorts ,Adaaran luxury ,boutiuque,wellness resorts.

Better to have AHUN in your investment basket in the event of a future price drop.