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.
FINANCIAL CHRONICLE™

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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera

+21
Top Trader
Eng Krishantha
pirate
san1985
shadow walker
econ
Cricket Boy
A2Z
DealKing
SHARK aka TAH
keeper
sumudu.kumarasinghe
slmarket2
NZ BOY
NilangaG
mark
stevenapple
WildBear
troy
hettdas
Sstar
25 posters

Go to page : 1, 2, 3  Next

Go down  Message [Page 1 of 3]

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Ceylon FT: High net worth investor Dhammika Perera has offered to buy a 51% stake of Free Lanka Capital Holdings PLC for Rs. 2.8 billion, sources said. It is a transaction worth Rs 2,790 million for 697 million shares of the 1,368 million shares which constitutes the issued capital at Rs 4 per share, market sources told Ceylon FT yesterday. One of the reasons for the divestiture of the company...

is that the Free Lanka Capital Holdings was heading in different directions in the aftermath of the demise of the founder Kattar Aloysius and with the second and the third generations pulling the group in different directions and the staggering overnight drop in the post tax profits in a single year, they said.

Of the key shareholders of the company are Free Lanka Joint Venture Company (Pvt) Ltd which owns 54.68% of 767.6 million shares while Browns Investments PLC and Perpetual Holdings (Pvt) Ltd own 43 million shares each. One of the further salient points of the group's performance is that the turnover for the year ended 31 March, 2014 was increased to 4.6 billion from the Rs 4.2 billion a year ago, but the post tax profits between the years had nosedived from a billion rupees to Rs 25.6 million.

One of the key attractions of the Free Lanka Group is that it owns Maturata Plantations and partly owns Pussellawa Plantations and it is one of the largest wine importers in the country. They also said that the deal was going to be sealed by Ernst and Young, Chartered Accountants.

However, Dhammika and Free Lanka Capital Holdings PLC CEO Goddfrey Aloysius was not available for comment despite repeated attempts to contact them and all the call back messages. Dhammika's business partner Nimal Perera denied any knowledge of the proposed acquisition.

hettdas

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

Can we expect a price appreciation after the deal? At least upto RS 4/=

troy

troy
Moderator
Moderator

tomorrow FLCH DAY... one member hinted this before about this EY thing.. thanks machan Im loaded.. alien alien alien alien alien 

WildBear


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

Not only FLCH, But also BIL is going to get a good deal with this transaction to happen, It seems KDDP also wants a cup of tea as well. Very Happy 

WildBear


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

Can we expect a super turnaround for FLCH if acquired by KDDP ?

WildBear


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

hettdas wrote:Can we expect a price appreciation after the deal? At least upto RS 4/=
Yes this would be very possible in the bull market like this, but in long run FLCH will be more valuable if it acquired by KDDP, cosidering his business empire.

troy

troy
Moderator
Moderator

WildBear wrote:Can we expect a super turnaround for FLCH if acquired by KDDP ?

Are you working there? If not dont bother... buy now and sell when share runs on this news and super demand...

Dont love the company friend jst make sure you have a decent gain... this is not the market to love companies... Embarassed Embarassed Embarassed 

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

You absolutely right Troy!!
Dont fall in love with companies. Don't be emotional, if you make a decent gain exit.!! And don't re enter for at least another 6 months.

stevenapple


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

Sstar wrote:You absolutely right Troy!!
Dont fall in love with companies. Don't be emotional, if you make a decent gain exit.!! And don't re enter for at least another 6 months.

Agreed. But it's inevitable of little bit of emotion. So keep minimum number of shares of that emotional ones and sell most when you see the opportunity.

mark

mark
Expert
Expert

This would trigger a trading halt

WildBear


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

troy wrote:
WildBear wrote:Can we expect a super turnaround for FLCH if acquired by KDDP ?

Are you working there? If not dont bother... buy now and sell when share runs on this news and super demand...

Dont love the company friend jst make sure you have a decent gain... this is not the market to love companies... Embarassed Embarassed Embarassed 

I wasn't talking about trading opportunities, I just want to discuss how can this proposed acquisition affects the future. I have no plans to fall in love with a share, Which I didn't do during my past 12 years experience in CSE  Very Happy 

WildBear


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

mark wrote:This would trigger a trading halt

This reminds me the REEF selling by KDDP during 2010, With the 10 % price band saga. Starting price reached the 10 % ceiling daily for consecutive days, Very Aggressive bull, Hope you can remember.  Smile 

NilangaG


Manager - Equity Analytics
Manager - Equity Analytics

This was last traded at 2.1. Any idea about what's going to happen tomorrow?

NZ BOY

NZ BOY
Moderator
Moderator

tomorrow will hit 2.50

NilangaG


Manager - Equity Analytics
Manager - Equity Analytics

NZ BOY wrote:tomorrow will hit 2.50

Ok, then the first thing in the morning is to buy some Very Happy 

slmarket2


Manager - Equity Analytics
Manager - Equity Analytics

This will up 5

WildBear


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

Last few days we saw millions of this share traded. NAV of this share is above 4.00. I guess KDDP bid should be 4.00 or more, Let's see. IPO price was at 5.00.

sumudu.kumarasinghe


Stock Analytic
Stock Analytic

Look at buying .... Laughing 

keeper

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

Some one is collecting big quantity on Rs2.30 Level

SHARK aka TAH

SHARK aka TAH
Expert
Expert

What is so worth BUYING FLCH above 2 Smile

Based on Valuation This can attract only below 2Rs.

Is there a hidden value ?

Has anyone done depp analysis on it......

SHARK aka TAH

SHARK aka TAH
Expert
Expert

slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

July 27, 2014

High net worth investor Dhammika Perera has offered to buy a 51% stake of Free Lanka Capital Holdings PLC for Rs. 2.8 billion, sources said. It is a transaction worth Rs 2,790 million for 697 million shares of the 1,368 million shares which constitutes the issued capital at Rs 4 per share, market sources told Ceylon FT yesterday. One of the reasons for the divestiture of the company...


is that the Free Lanka Capital Holdings was heading in different directions in the aftermath of the demise of the founder Kattar Aloysius and with the second and the third generations pulling the group in different directions and the staggering overnight drop in the post tax profits in a single year, they said.


Of the key shareholders of the company are Free Lanka Joint Venture Company (Pvt) Ltd which owns 54.68% of 767.6 million shares while Browns Investments PLC and Perpetual Holdings (Pvt) Ltd own 43 million shares each. One of the further salient points of the group's performance is that the turnover for the year ended 31 March, 2014 was increased to 4.6 billion from the Rs 4.2 billion a year ago, but the post tax profits between the years had nosedived from a billion rupees to Rs 25.6 million.

One of the key attractions of the Free Lanka Group is that it owns Maturata Plantations and partly owns Pussellawa Plantations and it is one of the largest wine importers in the country. They also said that the deal was going to be sealed by Ernst and Young, Chartered Accountants.

However, Dhammika and Free Lanka Capital Holdings PLC CEO Goddfrey Aloysius was not available for comment despite repeated attempts to contact them and all the call back messages. Dhammika's business partner Nimal Perera denied any knowledge of the proposed acquisition.

Source - www.ceylontoday.lk/22-69052-news-detail-dhammika-mulls-rs-28b-deal.html

mark

mark
Expert
Expert

SHARK wrote:
slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2


what is your valuation technique?

A2Z

A2Z
Manager - Equity Analytics
Manager - Equity Analytics

Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

hettdas

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

SHARK wrote:
slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2

I think you should explain why you can't value FLCH more than 2. Their net asset value also 4.69 . According to you DP doesn't have analytical knowledge than you .  Laughing 

Sponsored content



Back to top  Message [Page 1 of 3]

Go to page : 1, 2, 3  Next

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