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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Just Check your name is here?

Just Check your name is here?

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1Just Check your name is here? Empty Just Check your name is here? Fri Jul 12, 2013 8:11 pm

stocks hunter


Manager - Equity Analytics
Manager - Equity Analytics
THE SRI LANKA TOP 20 RICH LIST (Rs.)


By Faraz Shauketaly

A group of 20 investors, led by businessman Dhammika Perera, drive the Colombo Stock Exchange’s top 40 quoted companies and have holdings collectively worth Rs. 122Billion.

The group of 20 investors, led by the Secretary to the Ministry of Transport and former Chairman of the Board of Investment, Dhammika Perera, have been identified as driving and riding the fortunes of the Colombo Stock Exchange. The Exchange’s top quoted companies have produced phenomenal results with rising stock prices after the war and the group now have capital gains collectively worth over Rs 122 Billion.

Our examination of the data from the Colombo Stock Exchange revealed that
businessman Dhammika Perera easily led the way with the value of shares owned by him at over Rs. 36 Billion. Second to Perera is Sohli Captain whose investment in John Keels Holdings alone is valued at around Rs. 30 Billion.

The top 20 Billionaires also have huge wealth in terms of ownership of property here and abroad as well as investments in privately owned companies in Sri Lanka and abroad.

The list does not include hundreds of others who have their wealth in privately owned
companies and in fixed assets. Some well known mega rich are not on the list as their
wealth is either privately held or because their share ownership is through front or
related companies are Harry Jayawardene and his warehouseman from Stassens, Ronald Perera spring to mind. Others include Sumal Perera, the two Selvanathan brothers Hari and Mano and Thirikumar Nadesan to just name a few. Dhammika Perera has had a meteoric rise within this country’s financial establishment. His investments are in some of the top listed blue chip companies:

Hayleys, Connaisance Hotels, LB Finance, Pan Asia Bank, Sampath Bank, Amaya Leisure,Fortress Hotels, Vallibel Power, Vallibel Finance, Royal Ceramic and Vallibel One.

When we contacted Mr. Perera to ask if he agreed with our estimate Mr. Perera laughed it off saying he would call us later.

For our calculation we took into consideration shareholdings made in companies listed
on the main board of the Colombo Stock Exchange, held in the investor’s own name,
valued as of 30th September 2010 based on the last traded price. All values relate to
Capital gains whether realized or not.

We used as a benchmark a minimum entry level requirement of Rs. 1 Billion or
approximately US$ 10 Million.

Number two on the list Sohli Captain, is the largest Sri Lankan share holder in John
Keells and Ceylon Industrial Chemicals. His daughter Liza Captain who is at number 10
on the list has her shareholding valued at close to 2.5 billion rupees. Muzaffar Ali Yasin
who is a major garment exporter is number three on the list with his wife Lorraine at
number six.

The total value of their shares is a mammoth 11 billion. At number four is the owner of
Indra traders – Indra Silva - who started as reconditioned car importers. Indra Silva has a diversified portfolio with capital gains recorded at Rs 7.2 Billion, principally invested in the banking sector with holdings in NDB, HNB, Sampath Bank, Nations Trust Bank and Commercial Bank. At number five is RM Nanayakkara owner of Green Lanka, a shipping company.

There are three Pages, on the list. They own among many others, Millers and Cargills,
Food City chain of super markets, Cinemas, and shopping Malls. Three of the family
members are worth a huge nine billion rupees. The declared share holdings of the three come close to 10 billion rupees. Jayantha Dharmadasa the Deputy Chairman of Nawaloka Group and the eldest son of Nawaloka Mudalali is valued at 3.7 billion while the value of the declared shareholding of the Chairman of Brandix and former Chairman of John keells – Ken Balendra – is valued at close to Rs 2.5 billion.

London based Dr. Sena Yaddehige who controls Richard Peiris is at number 13. Number 13 cannot be an unlucky number for him – with his declared shares valued at nearly two billion rupees.

Following Yaddehige is G.C. Wickremesinghe formerly of Aitken Spence who is also
valued at close to two billion. He is followed by Ishara Nanayakkara of the Lanka Orix
Leasing Company (LOLC) at 1.7 billion.

Mrs. T. A. Selvaratnam represents “old money” and her shareholding at Ceylon Theatres records a capital gains figure of Rs 2.3 Billion.

The founder of Royal Ceramics who sold his majority holding to Dhammika Perera, A. M. Weerasinghe has capital gains of Rs 1.5 Billion – and continues as Chairman of Royal Ceramics.

Ajith Devasurendra – known as the “King of Bonds” – has diversified holdings including Browns and Asian Hotels showing capital gains of Rs 1.03 Billion and is listed at number20.

1. Mr KDD Perera 36,892,919,197
2. Mr S E Captain 30,397,447,305
3. Mr Muzaffar Ali Yaseen 7,364,172,125
4. Mr YSHIK Silva 7,275,380,383
5. Mr RM Nanayakkara 4,197,805,870
6. Mrs Lorraine EM Yaseen 4,018,908,000
7. Mr A Page 3,972,111,444
8. Mr HKJ Dharmadasa 3,790,563,260
9. Mr VR Page 3,416,297,561
10. Ms L A Captain 2,465,677,826
11. Mr K Balendra 2,451,630,582
12. Mrs TA Selvaratnam 2,340,725,010
13. Dr Sena Yaddehige 1,941,566,790
14. Mr GC Wickremesinghe 1,902,063,149
15. Mr JC Page 1,828,986,401
16. Ms MM Page 1,740,422,298
17. Mr IC Nanayakkara 1,714,508,688
18. Mr AM Weerasinghe 1,575,421,959
19. Mrs KU Amerasinghe 1,500,866,000
20. Mr A Devasurendra 1,038,519,980



Last edited by stocks hunter on Fri Jul 12, 2013 8:24 pm; edited 1 time in total

2Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 8:15 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Is Dr Yaddehige have only this much?

3Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 8:56 pm

hunter

hunter
Moderator
Moderator
Just wondering how long it takes to be the first. Where was Mr. DP 15 years ago?

4Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 9:03 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
DP is a truly achiever. Lot of people in that list well educated or born millionaires. But DP's story is differ from them...

5Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 9:17 pm

stocks hunter


Manager - Equity Analytics
Manager - Equity Analytics
@ sandunj

one of major reasons that I loved VONE is that. I don't care its present trading price.

KDDP is the biggest share holder of VONE.

6Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 9:33 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
As we discussed earlier this is a totally incorrect n invalid list.

7Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 9:38 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@UKboy wrote:As we discussed earlier this is a totally incorrect n invalid list.

Exactly.
Following are the links same articles were discussed in the past.
http://forum.srilankaequity.com/t21-the-20-billionaires-of-sri-lankas-stock-market?highlight=Billionaires
http://forum.srilankaequity.com/t2247-stock-market-billionaires?highlight=Billionaires
http://forum.srilankaequity.com/t2220-colombo-stock-exchanges-billionaires?highlight=Billionaires
http://forum.srilankaequity.com/t17942-diminishing-billionaires-of-sri-lanka-stock-market?highlight=Billionaires
http://forum.srilankaequity.com/t15704-the-20-billionaires-of-sri-lankas-stock-market?highlight=Billionaires
http://forum.srilankaequity.com/t11253-the-20-billionaires-of-sri-lankas-stock-market?highlight=Billionaires
http://forum.srilankaequity.com/t2189-the-20-billionaires-of-sri-lankas-stock-market?highlight=Billionaires

8Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 9:38 pm

hunter

hunter
Moderator
Moderator
This reminds me, sometime ago, when I was just thinking of trading, just wondering if I started day trading by investing Rs 1,000. and somehow gained 1% a day, and reinvest the whole thing the next day. How much I could earn.
?
The result was;

1000 rupees today
1 Million within 3 and half years
1 Billion within 6 and half years
1 Trillion within 9 and half years !!

Just wondering which stage I am in now.

9Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 9:54 pm

stocks hunter


Manager - Equity Analytics
Manager - Equity Analytics
@ bull,

shall I remove this post. sorry. I didn't notice this.

10Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 10:23 pm

hunter

hunter
Moderator
Moderator
@stocks hunter wrote:@ bull,

shall I remove this post. sorry. I didn't notice this.

I think no need.
-Just my personal view.

11Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 10:25 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@hunter wrote:
@stocks hunter wrote:@ bull,

shall I remove this post. sorry. I didn't notice this.

I think no need.
-Just my personal view.
Agreed. no need IMO.

12Just Check your name is here? Empty Re: Just Check your name is here? Fri Jul 12, 2013 10:28 pm

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Let us all strive hard to get into that list possibly by 2014. Very Happy 
Good Night Sweet Dreams. What a Face 

13Just Check your name is here? Empty Re: Just Check your name is here? Sat Jul 13, 2013 12:42 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics


There is a chemical engineer lankan guy on ASX (Sydney based stock market) who owns a biotech firm worth more a few billion dollars....

14Just Check your name is here? Empty Re: Just Check your name is here? Sat Jul 13, 2013 9:53 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@hunter wrote:This reminds me, sometime ago, when I was just thinking of trading, just wondering if I started day trading by investing Rs 1,000. and somehow gained 1% a day, and reinvest the whole thing the next day. How much I could earn.
?
The result was;

1000 rupees today
1 Million within 3 and half years
1 Billion within 6 and half years
1 Trillion within 9 and half years !!

Just wondering which stage I am in now.

This is easier said than done, I guess.

15Just Check your name is here? Empty Re: Just Check your name is here? Sat Jul 13, 2013 11:31 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@rainmaker wrote:

There is a chemical engineer lankan guy on ASX (Sydney based stock market) who owns a biotech firm worth more a few billion dollars....  

Almost all the biotech n health care companies listed in ASX are own by various funds. Rolling Eyes 

16Just Check your name is here? Empty Re: Just Check your name is here? Sun Jul 14, 2013 7:54 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Whats the purpose of republishing an old article?

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