Thursday, September 18, 2014

Parkson Retail Asia - Odel, to sell or not to sell?

A Sri Lankan Conglomerate has luanched a takeover for Odel, which Parkson Retail Asia has a 47% stake.

Parkson retail bought the stake at Rs 1.4 billion

So if Parkson is to sell the all the stake, it will make Rs 2.8 billion

A 100% gain for 2 years.

Looking at Odel AR, it has super high advertisement and marketing costs, and the latest quarter is loss-making, it has heavy debt liabilities too.

(AR source:


Wonder if Parkson Retail Asia will sell?

I hope they will.

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