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EXCHANGE RATE PREDICTION: 2022

51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_lcap11%51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_rcap 11% [ 21 ]
51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_lcap20%51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_rcap 20% [ 37 ]
51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_lcap29%51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_rcap 29% [ 55 ]
51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_lcap40%51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Vote_rcap 40% [ 76 ]

Total Votes : 189

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera

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

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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 

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