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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » PC House effect on On'ally Holdings PLC and Chartered Institute for Securities & Investment in UK, Sri Lanka Operations

PC House effect on On'ally Holdings PLC and Chartered Institute for Securities & Investment in UK, Sri Lanka Operations

+7
SHARK aka TAH
nemesis
enslive
jonny
Light of Hope
Lalindra
StockGuru
11 posters

Go down  Message [Page 1 of 1]

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

With PC House sales coming down and company running in to losses day by day, since many of the shop space at Unity Plaza is occupied by PC House under various names Unity Plaza's rental income is said to be coming down.

Unity Plaza   one of the leading shopping malls in the country that is owned by On'ally Holdings PLC. According to an Insider of On'ally Holdings in the coming year the company may thus make significant losses.

Major shareholder of On'ally Holdings is Urban Development Authority (over 47%) and Gulamhusein family with Dr. Ali Asger Shabbir Gulamhusein led Ceylon & Foreign Trades PLC has over 35% with some stakes being held in Margin accounts at Pan Asia Bank, Commercial Bank and Waldock Mackenzie Ltd.

Board also has Brian Selvanayagam and his Brother Shehan Selvanayagam as with another lady of their family have a stake along with them counting to over 5%.

Brian is currently the Sri Lankan head of London based - Chartered Institute for Securities & Investment  which is close to St.Anthony's Mawatha at Colombo 03, which has recently tied up with Sri Lanka's SEC and CSE to provide discipline and technical education certifications from UK just like CIMA and CIM.

Brian is also a Director of  CIM Sri Lanka region. His brother Shehan Selvanayagam currently manages Facebook Fanpages of Cargills, Cargills Food City, KFC, Pizza Hut, and several other 30 brands under a company called Loops Solutions with nearly 20 staff.

However some investors, and SEC insiders raise concerns on issues including 'Conflict of Interest' issues such since Brian is a Director of On'ally a listed entity and since being the head of - Chartered Institute for Securities & Investment - an Educational Regulatory body of UK that also hopes to have major ties with Sri Lankan Stock Market Regulator SEC.

Some raise concerns in Sri Lanka whether it is qualified UK people hired Brian after looking at his actual profile of professional qualifications and connections.

According to students at Chartered Securities and Investments, although Brian heads the CISI (Chartered Institute for Securities & Investment) it is highly doubtable of his experience on Investments and Security Trading) as looking at On'ally Holdings and connection of mismanaged companies such as PC House that are main revenue contributors to On'ally it seems students now want a new properly qualified head to run local operations.

Many insiders from Loops solutions highlights that Using CISI- Chartered Institute for Securities & Investment) connections and foundation Brian is trying to influence with CSE and SEC to bring revenue to his brother's company by bidding to handle twitter accounts of CSE and SEC and Facebook Fanpages of both.

Loops currently charge in the range of Rs.200,000 per annum to handle Cargills, KFC fanpages each and has recently increased the charge after worms were found in KFC Rice in one of the branches to increase positioning of KFC in Sri Lanka.

Lalindra

Lalindra
Manager - Equity Analytics
Manager - Equity Analytics

Brilliantly compiled and well worth a read. This is the type of articles which gives an insight to the wheels working within wheels in the stock market. Being comparatively a small market, some guy somewhere is connected to some fishy deal.

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

Obviously a good one after a lot of bulSH#@. Thanks.

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

stockguru...Thanks for your revelation.I'm a student of CISI sri lanka... Shocked 

enslive

enslive
Senior Equity Analytic
Senior Equity Analytic

Aiyoo salli .. I have been hammered by PCH  lol! lol! lol!

nemesis


Equity Analytic
Equity Analytic

if I want to be a student of CISI? what is the procedure should I follow

jonny

jonny
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

nemesis wrote:if I want to be a student of CISI? what is the procedure should I follow

Nemesis...I can directly advice you to join the institute where I study.But you may go to CISI website and go to ATP (Accredited training providers) column you can find numerous training institutes. CSE is also on training partner for CISI.

If you still find difficult send me PM...

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Light of Hope wrote:Obviously a good one after a lot of bulSH#@. Thanks.
You see the power of StockGuru  Very Happy 

D.G.Dayaratne


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

"With PC House sales coming down and company running in to losses day by day, since many of the shop space at Unity Plaza is occupied by PC House under various names Unity Plaza's rental income is said to be coming down."

Stockguru has not given the source of above report


According to 2013 annual report of ONAL turnover has gone up comparing with 2012 and paid interim dividends

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

D.G.Dayaratne wrote: "With PC House sales coming down and company running in to losses day by day, since many of the shop space at Unity Plaza is occupied by PC House under various names Unity Plaza's rental income is said to be coming down."

Stockguru has not given the source of above report


According to  2013 annual report of ONAL  turnover has gone up comparing with 2012  and paid interim  dividends

Check the next year results....2014...Sources are from inside the company...which cannot be disclosed...Dayaratne you must go to unity plaza...and find out everybody who shops at the unity plaza in the city for last 5-8 years know PC House occupied the most of the shop space in different names.Stock Market investing is similar to a soldier fighting in the war ...you have to walk in to find out about some companies...technicals won't do always in a small country that has only 280 odd listed companies.In Amercia even it is the same...but since there are thousands of companies you can make a buck somehow by trading everyday

slmarket2


Manager - Equity Analytics
Manager - Equity Analytics

StockGuru wrote:
D.G.Dayaratne wrote: "With PC House sales coming down and company running in to losses day by day, since many of the shop space at Unity Plaza is occupied by PC House under various names Unity Plaza's rental income is said to be coming down."

Stockguru has not given the source of above report


According to  2013 annual report of ONAL  turnover has gone up comparing with 2012  and paid interim  dividends

Check the next year results....2014...Sources are from inside the company...which cannot be disclosed...Dayaratne you must go to unity plaza...and find out everybody who shops at the unity plaza in the city for last 5-8 years know PC House occupied the most of the shop space in different names.Stock Market investing is similar to a soldier fighting in the war ...you have to walk in to find out about some companies...technicals won't do always in a small country that has only 280 odd listed companies.In Amercia even it is the same...but since there are thousands of companies you can make a buck somehow by trading everyday

you say PCH default unity?

stevenapple


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

slmarket2 wrote:
StockGuru wrote:
D.G.Dayaratne wrote: "With PC House sales coming down and company running in to losses day by day, since many of the shop space at Unity Plaza is occupied by PC House under various names Unity Plaza's rental income is said to be coming down."

Stockguru has not given the source of above report


According to  2013 annual report of ONAL  turnover has gone up comparing with 2012  and paid interim  dividends

Check the next year results....2014...Sources are from inside the company...which cannot be disclosed...Dayaratne you must go to unity plaza...and find out everybody who shops at the unity plaza in the city for last 5-8 years know PC House occupied the most of the shop space in different names.Stock Market investing is similar to a soldier fighting in the war ...you have to walk in to find out about some companies...technicals won't do always in a small country that has only 280 odd listed companies.In Amercia even it is the same...but since there are thousands of companies you can make a buck somehow by trading everyday

you say PCH default unity?

Confusing.Why can't they just ask PC to vacate and sell to another party.Is their other obligation that prevent them from doing so.sorry if i raise a very primary question here.

kukumarx


Manager - Equity Analytics
Manager - Equity Analytics

If PC house vacates its premises or is evicted from its premises at Unity Plaza, I feel there are enough big players such as Abans and Soft Logic which will move in.

This might actually benefit Unity Plaza as it will bring in more traffic and enhance future rental income from the shops.

What will affect the earnings of Unity Plaza is if it is unable to fully rent out its office space which occupy most of the building!

D.G.Dayaratne


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

Stockguru You may be correct

But your way of answering shows different motive

However we can check your statement after 1st quarter accounts

It will come very soon

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