FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Millennial Capital Youtube Channel
by MillennialC Today at 1:00 am

» Crypto , Digital Currency Trading , Forex
by MillennialC Today at 12:59 am

» DIPD/HAYC/HAYL
by Jana Yesterday at 11:11 pm

» PANASIAN POWER PLC (PAP.N0000)
by Jana Yesterday at 11:08 pm

» Has the CSE reached the peak actually in January?
by ONTHEMONEY Yesterday at 10:14 pm

» Blossom March
by Vishwanarth Yesterday at 9:14 pm

» ACL post share split trading and the future potential
by Jana Yesterday at 7:45 pm

» still I believe this
by stockback Yesterday at 6:59 pm

» Daily Foreign Transactions
by Pradeep90 Yesterday at 6:39 pm

» Good time to collect fundamentally sound shares
by madukp Yesterday at 6:30 pm

» GLAS will be winner with Super Gain.
by Eranga87 Yesterday at 6:13 pm

» TILE / LWL / RCL
by MaJa Yesterday at 6:07 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Susil Mendis Yesterday at 4:11 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by subash81 Yesterday at 2:15 pm

» RICH or TKYO
by subash81 Yesterday at 2:14 pm

» Inefficiency
by stockchaser Yesterday at 1:25 pm

» Sometimes you might find that you have lost all your money in the market by investing in the non profitable stocks in the market.
by pjrngroup Yesterday at 10:58 am

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Wickyz Yesterday at 10:54 am

» NATIONS TRUST BANK PLC (NTB.N0000)
by Eranx Yesterday at 8:00 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by arun.cse Mon Mar 01, 2021 1:14 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Nimal, RCL venture into stock broking; to buy control of New World Securities

Nimal, RCL venture into stock broking; to buy control of New World Securities

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator
New World Securities (NWS) is scouting for new investors to settle its debts, according to stockbroking circles.

The company owned 80 per cent by Japanese investors and lead by Japan’s a2Media Corporation with prominent investor Takashi Igarashi as its Chairman, has Sri Lankan investors holding some 15 per cent.

“All stockbroking houses including NWS are losing a lot of money, owing to the bad shape that the share market is in right now. The Japanese want to sell out or sell part their stake to an investor,” a source said. He said that many stockbroking houses are hit badly and some are also following the same route of trying to sell out or sell part stake.
http://www.sundaytimes.lk/130324/business-times/disappointed-foreign-broker-looks-for-strategic-investor-37654.html

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Isnt there a connection between DG resignation and the NWS story.

Brokers perhaps engineered not to give an extension to him.

Matanam pissu wage... Very Happy

CSE.SAS

CSE.SAS
Global Moderator
High net worth investor Nimal Perera is entering into the stock broking industry together with Royal Ceramics Plc (RCL), via a deal to buy 51% control of New World Securities Ltd.

Nimal will be acquiring a 32% stake under his personal account whilst RCL will take up a 19% stake, in a move which is described as a “strategic alliance” as part of a shareholding restructuring at New World Securities (NWS).

The broking firm, set up in March 2011, is controlled by a consortium of Japanese investors-led by Takashi Igarashi.

Entry of Nimal and RCL is by way of enhancing capital with issuance of new shares.

The deal is pending approval from the Securities and Exchange Commission (SEC) and the Colombo Stock Exchange (CSE). NWS is a trading member of the CSE.

Nimal told the Daily FT that NWS would be repositioned as a boutique broking house. He also said that under the new control, NWS hoped to derive benefits from synergies of Pan Asia Bank, LB Finance and Vallibel Finance, all within the financial services industry, as well as several other companies which have strong connections.

Apart from being the Managing Director of RCL, Nimal is also the Chairman of Pan Asia Bank, which has been a party to increased Japanese investments into Sri Lanka’s Government bonds promoted by NWS Holdings, which includes NWS Management Services and NWS Financial Services.

NWS, among a community of 28 brokers, has been active in promoting the market among both retail and high net worth investors whilst having a branch in Anuradhapura. Given its Japanese connections, NWS had also broken new ground by holding road shows in Tokyo in 2011 and 2012.

RCL’s interest in NWS comes hot on the heels of it recently divesting a 51% stake in Asia Siyaka Commodities to Lanka Commodity Brokers for Rs. 371 million, above Rs. 34 million from the original purchase price paid early last year.

Despite the purchase originally with perceived synergies given RCL’s connections with plantations-rich Hayleys Plc, the new acquisition hadn’t benefitted as envisaged. The exit as per analyst will benefit RCL considerably going forward, apart from commodity broking not being part of its core business.

Unlike the 51% stake in Asia Siyaka, in the stock broking entity RCL has a 19% shareholding, which is less than an associate stake, hence will be treated as an investment.
http://www.ft.lk/2013/03/25/nimal-rcl-venture-into-stock-broking-to-buy-control-of-new-world-securities/

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Tea brokering to stock brokering.


"He also said that under the new control, NWS hoped to derive benefits from synergies of Pan Asia Bank, LB Finance and Vallibel Finance, all within the financial services industry, as well as several other companies which have strong connections."

Hmm, margin facilities as more business?

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
NP and the clan slowly getting ready for a ride tongue

CSE.SEE


Manager - Equity Analytics
Manager - Equity Analytics
@WildBear wrote:NP and the clan slowly getting ready for a ride tongue

Very Happy Very Happy Very Happy Very Happy

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@WildBear wrote:NP and the clan slowly getting ready for a ride tongue

May be you are correct, DG resignation also show us some smoke no?

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Owning a brokerage gives one a special advantage as one knows the buyer/seller instantly. No need for speculation.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum