Disclosure EXPO

well all of you have gud idea about this share ! what I got to know is the directors have their own private companies as well and the business done for expo thru them ! hence lion share of the profit goes to them thru their private entities ! result being expo share holders get very poor dividend yield ! any idea on this

Alchemist... u have been misleading us right through out

Even though LPF was divested and maybe making losses...

Expolanka Commodities (Pvt) Ltd is a valuable company check its ownership of properties based on the 2012 annual report-


Expolanka Commodities Pvt Ltd - Rs. 74,517,200
No 11A Milepost Avenue,Kollupitiya , Colombo 3
Expolanka Commodities Pvt Ltd- Rs. 76,693,000
No. 228, Keyzer Street, Pettah, Colombo 11
Expolanka Commodities Pvt Ltd -Rs. 20,346,875
Kumara Wanni Palatha, Puttalam
Expolanka Commodities Pvt Ltd -Rs. 198,632,916
No 245/51 Avisawella Road, Orugodawatte, Kolonnawa

Total property value based on annual report:- Over Rs. 370million

I have been reading all your posts.... you may claim not to be working for Expolanka but I am sure you have vested interests through family/ friendship or whatever...

Isn't it funny that they didn't separate the valuation for each company?? Just a blanket Rs. 550million... with no details whatsoever..... what was the basis of valuation?? NBV??? earnings???

What about on going business of the company??

I also know they transfer companies like this when ever they feel like claiming it is at fair value... when it is actually not...they have done this in other listed companies they control...figure out which other companies had similar transfers to private entities...

btw we all know Aberdeen holdings transferred all the more profitable Expo companies just before IPO... but showed the profits of the company in the prospectus... to make sure Rs. 14 is a valuable price to buy into the IPO...

How come they didn't keep the profitable freight operation in Afghanistan/ Pakistan etc with the listed company and instead transferred it to Aberdeen Holdings

Zaiban wrote:

How come they didn't keep the profitable freight operation in Afghanistan/ Pakistan etc with the listed company and instead transferred it to Aberdeen Holdings

The excuse given in this thread is that EXPO owners are god fearing so they will not do anything bad:twisted: 

Going by that twisted logic the next time an IPO comes out we'll have to check the god fearance/ non god fearance of the owners before deciding whether to invest or not.

Maybe the chemistry people can tell us, how much does the fear of god add to the net asset value?

Jiggysaurus wrote:

Zaiban wrote:

How come they didn't keep the profitable freight operation in Afghanistan/ Pakistan etc with the listed company and instead transferred it to Aberdeen Holdings

The excuse given in this thread is that EXPO owners are god fearing so they will not do anything bad:twisted: 

Going by that twisted logic the next time an IPO comes out we'll have to check the god fearance/ non god fearance of the owners before deciding whether to invest or not.

Maybe the chemistry people can tell us, how much does the fear of god add to the net asset value?

Dear jiggy wuteva.... i don't want to bring a religious debate here.. be professional and stick to the point...

I am asking these questions as a shareholder of EXPO.... and since I have quite a bit of info on this group... especially aberdeen....

Zaiban wrote:Alchemist... u have been misleading us right through out

Even though LPF was divested and maybe making losses...

Expolanka Commodities (Pvt) Ltd is a valuable company check its ownership of properties based on the 2012 annual report-


Expolanka Commodities Pvt Ltd - Rs. 74,517,200
No 11A Milepost Avenue,Kollupitiya , Colombo 3
Expolanka Commodities Pvt Ltd- Rs. 76,693,000
No. 228, Keyzer Street, Pettah, Colombo 11
Expolanka Commodities Pvt Ltd -Rs. 20,346,875
Kumara Wanni Palatha, Puttalam
Expolanka Commodities Pvt Ltd -Rs. 198,632,916
No 245/51 Avisawella Road, Orugodawatte, Kolonnawa

Total property value based on annual report:- Over Rs. 370million

I have been reading all your posts.... you may claim not to be working for Expolanka but I am sure you have vested interests through family/ friendship or whatever...

Isn't it funny that they didn't separate the valuation for each company?? Just a blanket Rs. 550million... with no details whatsoever..... what was the basis of valuation?? NBV??? earnings???

What about on going business of the company??

I also know they transfer companies like this when ever they feel like claiming it is at fair value... when it is actually not...they have done this in other listed companies they control...figure out which other companies had similar transfers to private entities...

btw we all know Aberdeen holdings transferred all the more profitable Expo companies just before IPO... but showed the profits of the company in the prospectus... to make sure Rs. 14 is a valuable price to buy into the IPO...

How come they didn't keep the profitable freight operation in Afghanistan/ Pakistan etc with the listed company and instead transferred it to Aberdeen Holdings

Zaiban - ok noted. you seem to know a lot more than i do. sorry if you feel i misled anyone. it was certainly not intentional.
i still stand on what i said in the discussion with haputantri on the ipo related issues.
since the disclosure of the recent transfer happened last week and you seem to know more on this, i will take your word.
i am not a shareholder, related or connected party to expo. i dont care two hoots either way.
if you feel there was some unethical issues in this recent sale / disclosure, pls feel free to take whatever action you like, as it is your right as a shareholder.

Jiggysaurus wrote:
Maybe the chemistry people can tell us, how much does the fear of god add to the net asset value?

yes the chemistry people can tell you. first that chemistry people do not like bigoted peeples.

why ? bcos you have insulted buddhist monks, muslims, jaffna tamils, indian tamils & indians, in various threads in this forum.  

but still hope for you to change your spots as you seem to be a savvy equity related matters type of person, sadly not so equitable.

it does not matter wheather it is the fear of god or love of god, bigotry only diminishes your value, leave aside the net asset. eventually, you may end up as a liability.

The Alchemist wrote:

but still hope for you to change your spots as you seem to be a savvy equity related matters type of person, sadly not so equitable.

thanks, i also don't like racists and cultists who blindly support/promote members of their own cult.
i also hope for you to become less racist and support, the Softlogics and the Laugf Gases when they make unintentional mistakes (just like how you jump and support the god fearing Expos)

Jiggysaurus wrote:

The Alchemist wrote:

but still hope for you to change your spots as you seem to be a savvy equity related matters type of person, sadly not so equitable.

thanks, i also don't like racists and cultists who blindly support/promote members of their own cult.
i also hope for you to become less racist and support, the Softlogics and the Laugf Gases when they make unintentional mistakes (just like how you jump and support the god fearing Expos)

listen jiggydinosaurus ....i am of the same "cult" as well

howeva the main messenger of our cult/religion/faith wuteva u may call it... taught us to stand up for the truth even if it is a crime committed against ourselves or fellow cult members....

so don't paint everyone with the same brush.... and make assertions about our cult... without knowing anything about our cult except wut u see on the western news... or rallies conducted in Sri Lanka by unholy thugs...

if u want to know the truth about the teachings of our cult... and who we really are... PM me and I am more than happy to clarify any doubts u have about our cult...

u don't see me attacking ur faith/beliefs/cult...... thts coz we r taught to debate... in a honourable manner... tht in it self is part of our faith...

newayz take care... and PM me if u need anything

OK guys calm down.. 'tis is on EXPO so lets stick to that without any racism or whatever anti-XXXXXX matters...

Jiggysaurus wrote:

The Alchemist wrote:

but still hope for you to change your spots as you seem to be a savvy equity related matters type of person, sadly not so equitable.

thanks, i also don't like racists and cultists who blindly support/promote members of their own cult.
i also hope for you to become less racist and support, the Softlogics and the Laugf Gases when they make unintentional mistakes (just like how you jump and support the god fearing Expos)

Having re read Alchemist post I am curious as to how you draw a conclusion that he is rooting for companies that are owned by those of the muslim faith. Is it just from the use word "god fearing" that you draw such a conclusion ? Surely you have been reading his post the past couple of years that have favorable comments on a spectrum of companies. In his discussion with Rainmaker he defends the crossholdings of the Carsons group, does that make him a Hindu fundamentalist as well ? I am genuinely puzzled as to how someone as enlightened as you are on stocks and the market, can have such a primitive,stone age outlook on other peoples beliefs. I am surprised that the forum moderators allow such offensive comments to be published. I don't truck with any institutionalized religion , but,in my book rabid atheism is as despicable an extremist cult as any. It is not my intention to stray from the topic, but as a forum member I cannot but comment as the moderators are not taking any action. I have seen people getting kicked out for far lesser violations of the forum rules. I rest my case.