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MELSTACORP PLC (MELS.N0000)

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51MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sun Nov 10, 2019 4:53 am

soileconomy


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Value is there for Mel's ,but Rs 80 is bit difficult to achieve...
They are increasing its investment on  JKH gradually.
If they receive money due to them from the treasury ,it will move very fast

52MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Mon Nov 11, 2019 10:16 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Distilleries Company of Sri Lanka PLC (DCSL) and Melstacorp Limited (MC) are Companies registered under the Companies Act No. 07 of 2007 and DCSL is listed on the Colombo Stock Exchange (CSE).

DCSL has circulated to its shareholders, a document titled ‘Proposed Arrangement under Part X of the Companies Act No. 07 of 2007 (The Arrangement)’ and dated 10th August 2016 wherein the intention of the Board of DCSL, to recommend to the shareholders to make MC the ultimate holding company of the group and to be the flagship of the Group and to obtain a listing for its shares in the CSE, has been expressed.

We reviewed each significant activity of the proposed arrangement and connected to it as stated below:

(1) Issue of 148,218,056 new voting shares on 01st August 2016 by MC to its 100% parent DCSL at a consideration of LKR 26,679 million with a view to settle intercompany dues and transfer money from DCSL to MC.
(2) Consolidation of all issued shares of MC to 1,000 shares with the intention of reclassifying them in to non-voting shares subsequently.

(3) Issue of 1,200 million shares by MC to the shareholders of DCSL in lieu of transfer of 300 million shares held by such shareholders in DCSL. This is to be based on four shares of MC for each share of DCSL considering the per share values of DCSL and MC as LKR 47 and LKR 11.75 respectively. At this point MC will become the parent of DCSL.

(4) Repurchase by MC of 34,602,928 of its own shares that will have been held by the Trustee of Melstacorp Limited Employees Share Trust (MLEST) in lieu of LKR 1,392,132,049 owed by MLEST to MC as at 31st March 2016.

(5) Issue of new shares by DCSL with a view to restore the negative position of net assets to positive of the company.
In the aforesaid (1) and (2) have already happened and (3) and (4) are the principle transactions of the arrangement, whereas (5) will have to go through the process of issuing shares after completion of the arrangement.

When the aforesaid activities (1) to (4) are evaluated strictly from point of view of all (majority and minority) the shareholders of DCSL immediately prior to activity (1), those shareholders will continue to own the same proportion of the same net asset base (without any reduction) of the DCSL/MC group (subject to any interim purchases / disposals of DCSL shares) through the resulting shareholding in MC after activity (3).

As a result of activity (4) the proportionate shareholdings of the remaining shareholders, other than the Trustee, will increase and the impact will apply equitably to all the remaining shareholders.

The sole purpose of our exercise is to provide an independent commentary to the Boards of Directors of DCSL and MC, on the proposed arrangement and connected activities, to be used by them in their decision making. The aforesaid evaluation was carried out only from the point of view of the shareholders of DCSL and we have not evaluated the interests of any other stakeholder of DCSL or MC. Therefore our responsibility is confined to the Boards of Directors of DCSL and MC. We will assume no responsibility towards any other party who may use the contents of this commentary in making their decisions.

Our commentary does not constitute an assurance under Sri Lanka Auditing Standards. We have not carried out any due diligence, audit or any exercise of similar nature to validate the information given in the aforementioned documents.

Read the entire restructuring process:
https://cdn.cse.lk/cmt/uploadAnnounceFiles/4351473076548_463.pdf
https://cdn.cse.lk/cmt/uploadAnnounceFiles/6301506082234_463.pdf



Last edited by Quibit on Mon Nov 11, 2019 10:18 am; edited 1 time in total

53MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Mon Nov 11, 2019 10:24 am

ChooBoy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

කවුද හොරා! පුල්වන්නම් හොයා ගන්න!
- රක්ෂණ සංස්ථාව (INSURANCE COPORATION) පැහැර ගන්න ගොස් අහුවුනම අලුතෙන් පටන් ගත්ත කොන්ටිනෙන්ටල් ඉන්සුරන්ස් (CONTINENTAL INSURANCE)
- බැංකුවල බලය ගන්න ගියහම සෙන්ට්‍රල් බැංකුවෙන් (CENTRAL BANK) 10% වඩ වැඩිපුර කොටස් විකුනන්න කියලා බලය සීමිත කලා.
- ආණ්ඩුවට තිබුණු ඩිස්ටිලරීස් කෝපරේෂන් එක කොම්පැනියක් කරගෙන DISTILLERIES 92% අයිති කර ගත්ත.
- ජෝන් කීල්ස්  (JOHN KEELLS  HOLDINGS) 10% සතුව ඇති මොහු තවත් 10% වෙලාව බලාගෙන සිටි.
- අයිට්කන් ස්පෙන්ස් (AITKEN SPENS HOLDINGS) 50% සතුව ඇති මොහු ලංකාවේ සංචාරක සෙස්ත්රය පාලනය කිරිමට් මාන බලයි.
- ලංකා බෙල් (LANKA BELL) බලන්නේ ශ්‍රී ලංකා ටෙලිකොම් එකට කෙලිමටය.

මොහුගේ සියලු ධනය Warren Buffet මෙන් සඟවා ඇත්තේ කුමන ආයතනයෙද??

54MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Nov 29, 2019 10:26 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Melstacorp getting a huge dividend from Distilleries. This Tax free dividend should be in the hands of MELSTA CORP Shareholders. 95% of Distilleries is owned by Melstacorp


DISTLLERIES DIVIDENDS
Voting share (N):
Date of initial announcement:14 Nov 2019
Dividend per share (Rs.) :Voting :0.650
Type of dividend :First interim
Financial year:2019/2020
Shareholder approval:Not required
XD date :25 Nov 2019
Payment date :04 Dec 2019
Share transfer book:Open

55MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Nov 30, 2019 1:59 pm

roshan1039


Moderator
Moderator

Quibit wrote:Melstacorp getting a huge dividend from Distilleries. This Tax free dividend should be in the hands of MELSTA CORP Shareholders. 95% of Distilleries is owned by Melstacorp


DISTLLERIES DIVIDENDS
Voting share (N):
Date of initial announcement:14 Nov 2019
Dividend per share (Rs.) :Voting :0.650
Type of dividend :First interim
Financial year:2019/2020
Shareholder approval:Not required
XD date :25 Nov 2019
Payment date :04 Dec 2019
Share transfer book:Open
Its around LKR 1.6 per share

56MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Nov 30, 2019 7:53 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

roshan1039 wrote:
Quibit wrote:Melstacorp getting a huge dividend from Distilleries. This Tax free dividend should be in the hands of MELSTA CORP Shareholders. 95% of Distilleries is owned by Melstacorp


DISTLLERIES DIVIDENDS
Voting share (N):
Date of initial announcement:14 Nov 2019
Dividend per share (Rs.) :Voting :0.650
Type of dividend :First interim
Financial year:2019/2020
Shareholder approval:Not required
XD date :25 Nov 2019
Payment date :04 Dec 2019
Share transfer book:Open
Its around LKR 1.6 per share

don't forget jkh - 9.8%  Very Happy

57MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sun Dec 01, 2019 8:34 am

roshan1039


Moderator
Moderator

once the big seller finished around 45 & 46 this will shoot up to 60 easily

58MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sun Dec 01, 2019 8:38 pm

soileconomy

soileconomy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

ColomboCSE wrote:
roshan1039 wrote:
Quibit wrote:Melstacorp getting a huge dividend from Distilleries. This Tax free dividend should be in the hands of MELSTA CORP Shareholders. 95% of Distilleries is owned by Melstacorp


DISTLLERIES DIVIDENDS
Voting share (N):
Date of initial announcement:14 Nov 2019
Dividend per share (Rs.) :Voting :0.650
Type of dividend :First interim
Financial year:2019/2020
Shareholder approval:Not required
XD date :25 Nov 2019
Payment date :04 Dec 2019
Share transfer book:Open
Its around LKR 1.6 per share

don't forget jkh - 9.8%  Very Happy
They own most sound portfolio in the country.

59MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Dec 05, 2019 10:46 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Quibit wrote:Voting share (N)
Description :Melstacorp Plc - Interim Dividend

Date of initial announcement:19 Nov 2019
Dividend per share (Rs.) : Voting :2.000
Type of dividend :First interim
Financial year:31st March 2020
Shareholder approval:Not required
XD date :28 Nov 2019
Payment date :09 Dec 2019
Share transfer book:Open


Share with a Good Dividend Yield
LKR 2/= Interim Dividend is equal to 5% ROI per annum so far. More Dividends expected.

60MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Dec 14, 2019 12:43 pm

roshan1039


Moderator
Moderator

This is one of the valuable share in the market trading around 42 and 43 level

Has potential to reach 60 level in short term

I am holding Mels

61MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Mon Dec 30, 2019 4:06 am

Intrinsicvalue


Equity Analytic
Equity Analytic

@Roshan1039
Yes Melsta.N at this 40 to 45 level is a huge bargain. 

However their problem is they invested lot of money (Rs. 23 billion) in john keells holdings and other companies to improve their portfolio using debt funded money. Therefore Melstacorp's Cash is negative (in their 2018/ 2019 annual report Cash and cash equivalent value was negative Rs. 23 billion). That why as I believe investors are afraid to invest at the moment. 
However they have generated approximately Rs. 10 billion in this year and their current Cash and Cash equivalent value is negative Rs. 14.9 billion. This huge cash amount in the last interim and previous interims generated due to their massive profits earned from mainly DCSL and the remaining companies Melstacorp's negative cash value will be positive probably in the next year. 
This will gradually grow to Rs. 55 to 60 level during 2020 to 2021 period. At the moment I am just enjoying their attractive dividend.  Smile

62MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Feb 21, 2020 9:43 pm

Intrinsicvalue


Equity Analytic
Equity Analytic

Business tycoon Harry Jayawardena-controlled diversified conglomerate Melstacorp PLC yesterday (20) announced, that it has acquired 100% control of Browns Health Care (Pvt) Ltd from Brown and Company PLC for an estimated Rs. 1.6 billion. 
Notifying the Colombo Stock Exchange, Melstacorp PLC stated that its fully-owned subsidiary, Melsta Healthcare Colombo  Ltd has acquired the entire shareholding of Browns Health Care (Pvt) Ltd from Brown and Company PLC for a consideration of Rs.1.6 Billion on l9th February 2020.
Browns HealthCare (Pvt) Ltd is in the business of operating a multispecialty hospital under the brand of "Browns Hospitals" and wholly owns Browns Healthcare North Colombo (Pvt) Ltd.
Browns Hospitals, a fully-fledged 70 bed hospital in Ragama, is a subsidiary of the renowned Browns Group. This multi-speciality general hospital is equipped with the latest technology in medical diagnostics and advanced medical and surgical technology including CT and MRI scanning. It is the first in a chain of secondary care general hospitals and diagnostic centres, which are dedicated to provide state-of-the-art, personalised, integrated clinical care.
Browns Hospitals has a high profile medical team of well qualified and recognised visiting consultants in all specialties and in-house doctors along with a team of qualified nursing staff with both private and state sector experience. It is also the first hospital to receive ISO 9001:2015 certification for healthcare from the Sri Lanka Standards Institute. Reiterating its status of excellence, Browns Hospitals was also recognised with the prestigious award for ‘Best Multi-Speciality Hospital’ at the CMO Asia Awards Ceremony held in 2019 as part of the Sri Lanka Leadership Awards.
The Browns Group is one of Sri Lanka’s largest diversified conglomerates which is controlled by Ishara Nanayakkara, a dynamic business tycoon.
The Group manages a fast growing and valuable portfolio of brands across several key industry sectors, such as power generation; home and office solutions; agriculture and plantation support services; pharmaceuticals; investments; hospitality and leisure; marine and manufacturing; and healthcare.
Sources: https://cdn.cse.lk/cmt/announcement_portal_prod/Melstacorp_4726165452982222.pdf
http://bizenglish.adaderana.lk/ishara-sells-browns-hospital-ragama-to-harry-j-for-rs-1-6bn/?fbclid=IwAR3hb3z1KIHi0DDpWVKNnhLRJRZTdNsbjTbZ4XaBZiDIOOvpQ2t4Iluu5a4

63MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Feb 21, 2020 11:10 pm

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

AT one stage I was ready to buy it @ Rs.60 even @70 😂
36-38 not a bad price to enter ,

64MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Feb 22, 2020 6:41 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

Yes this is good share only disadvantage is CASH FLOW.

65MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Feb 22, 2020 7:20 pm

Ekanayake90

Ekanayake90
Manager - Equity Analytics
Manager - Equity Analytics

Hope they will continue with their dividend policy.
This will go pass 50 but it will take some time.

66MELSTACORP PLC (MELS.N0000) - Page 3 Empty melstacorp Wed Feb 26, 2020 8:29 pm

Manager2


Stock Trader

What do you think about melstacorp?

67MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Feb 27, 2020 7:11 am

soileconomy

soileconomy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

They are accumulating wealth.

68MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Feb 29, 2020 3:08 pm

ColomboCSE


Manager - Equity Analytics
Manager - Equity Analytics

soileconomy wrote:They are accumulating wealth.

only JKH and Hospital(I can't remember name) rit? any-other???

69MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sun Mar 01, 2020 1:25 pm

MoneyLover

MoneyLover
Manager - Equity Analytics
Manager - Equity Analytics

ColomboCSE wrote:
soileconomy wrote:They are accumulating wealth.

only JKH and Hospital(I can't remember name) rit? any-other???

Maybe you trying to recall "Browns Hospital - Ragama" which Melscrop purchased last week for 1.6 Billion. (They already manage Joseph Fraser Memorial Hospital - Colombo 05). Also, they have set up standalone diagnostic laboratory networks.

70MELSTACORP PLC (MELS.N0000) - Page 3 Empty A discussion on Melstacorp Thu Jul 30, 2020 3:49 pm

madukp


Expert
Expert

As per 2019 annual report,

Nest asset per share: 83.21 (company)
EPS: 5.48 (company)

Business nature: beverages, telecommunications, leisure, plantations, energy, logistics and financial services
Last Trade value: 28.40

What do you think?

71MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Jul 30, 2020 3:54 pm

Teller

Teller
Moderator
Moderator

He is mostly fail telecommunications and plantations.

Bakkabwoi dislikes this post

72MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Jul 30, 2020 4:17 pm

madukp


Expert
Expert

Teller wrote:He is mostly fail telecommunications and plantations.

Net Cash Flow from Operating Activities: 4,403,659,000

Net Cash Flow Used in Investing Activities: 9,048,170,000


Net Increase/Decrease in Cash & Cash Equivalent during the period 10,018,637,000

Improved a lot?

73MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Aug 01, 2020 11:26 pm

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I think they try to sell tetecom...and plantations will do better in coming months.
they form MELST COP.. TO be a real diversified holding company so they are aggressive in a rock bottom market.

madukp likes this post

74MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Aug 06, 2020 1:00 pm

lakymahesh


Senior Equity Analytic
Senior Equity Analytic

I'm collecting MELS.N slowly knowing that they have used huge lone to buy the JKH shares. But I think they can manage the chashflow, 28/- per share is reasonable if i can sell it around 35/- nxt year around. what do you think ? is their any thing that i'm missing here? any negative points that im not aware of ?

75MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Thu Aug 06, 2020 1:27 pm

samaritan


Moderator
Moderator

Health sector will always be a winner. See the crowd at private hospitals at any given time, its packed.

76MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Aug 21, 2020 12:53 pm

madukp


Expert
Expert

celtic tiger wrote:I think they try to sell tetecom...and plantations will do better in coming months.
they form MELST COP.. TO be a real diversified holding company so they are aggressive in a rock bottom market.

Thanks celtic tiger. Seems MELS starts to picking up. This should be another under value gem.

77MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Fri Aug 21, 2020 7:26 pm

soileconomy

soileconomy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

celtic tiger wrote:I think they try to sell tetecom...and plantations will do better in coming months.
they form MELST COP.. TO be a real diversified holding company so they are aggressive in a rock bottom market.
If they sell their telecommunication arm group profitability will improve. I do not think they will sell.

78MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sat Aug 22, 2020 12:31 am

Teller

Teller
Moderator
Moderator

See huge negative cash flow,

Eranga87 likes this post

79MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Sun Aug 23, 2020 2:20 pm

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

madukp wrote:
celtic tiger wrote:I think they try to sell tetecom...and plantations will do better in coming months.
they form MELST COP.. TO be a real diversified holding company so they are aggressive in a rock bottom market.

Thanks celtic tiger. Seems MELS starts to picking up. This should be another under value gem.

If you can hold on to this share for next 2 years it will give you 3 times of your investment. HOW ???
1 ELPL,DIST,SPEN,MADU and health sector will increase earnings.
2 Equity holdings of JKH,DFCC,COMB-will help negative cash flow and net ass. val.
finally they says GOOD TIME TO BUY IS WHEN THE BLOOD ON THE STREET EVEN WHEN IT IS YOUR OWN.
Its risky but good risk to take if it give you three times of your investment.

80MELSTACORP PLC (MELS.N0000) - Page 3 Empty Re: MELSTACORP PLC (MELS.N0000) Tue Aug 25, 2020 12:50 pm

cheetah


Manager - Equity Analytics
Manager - Equity Analytics

What is going on? Any one knows?
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