RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)

Raigam Wayamba Salterns PLC is engaged in manufacturing and distribution of Salt Island wide and development of salterns. The Company is engaged in manufacturing and distribution of edible and industrial salt. Its salt products include iodated crystal salt, iodated table salt, pure vacuum dried salt (PVD salt), fertilizer salt, agri-salt and industrial salt. The Company sells salt products to coconut, rubber, banana and pine-apple plantations, pharmaceutical, food, textile, paint and tanning industries. Its manufacturing facilities are located in Puttalama, Tangalla and Trincomalee. The Company, through its subsidiary, Southern Salt Company (Private) Limited, is engaged in the supply of crystal salt and table salt in consumer packs, as well as in bulk to the discerning customers in the south and contiguous areas. It also offers caustic soda for various industrial products, such as manufacture of pulp and paper, soap and detergents.

friends,what you think about RWSL?..recently directors bought some shares.......
http://www.cse.lk/cmt/uploadAnnounceFiles/5491296534963_948.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/361297162916_948.pdf

mark wrote:RAIGAM-RWSL-CAN WE EXPECT SOMETHING?

salt

http://www.sundaytimes.lk/110227/BusinessTimes/bt14.html

Is this the reason for recent price hike with directors purchase???

below points highlighted from above article.

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[list][*]Sri Lanka’s Raigam Group, which recently went public with its subsidiary Raigam Wayamba Saltern Ltd (RWSL) is diversifying into confectionaries and has acquired a manufacturing plant with which it hopes to produce branded toffees.

[list][*]Raigam Group is exploring the prospects of manufacturing chemical-based products such as caustic soda, soda-ash and chlorine for which crystal salt is the main input now that their subsidiary has gone public. “We are looking at setting up a chemical plant in Trincomalee.

[list][*]Dr Liyanage said that in a bid to develop this saltern, RWSL may go in for a rights issue to raise the cash. He said that after completing this project, the company will put up an eco tourism project in the same premises.

[list][*]Raigam is also gearing to go public with its beauty care product arm, Dream Life Science with plans to list this company in the latter part of 2012.Raigam hopes to mainly diversity in cosmetics.

[list][*]Raigam will immediately start making toothpaste and a toothpaste manufacturing machine has been imported for this purpose with Rs 20 million investment.

[list][*]Dr Liyanage said that of the Rs 200 million raised from RWSL’s IPO last March, so far Rs 130 million has been utilised for capital expenditure. Development of Vanathavilluwa Saltern will cost Rs 90 million, the completion of Palavi Saltern will cost Rs 15 million and Puttalam Salt Refinery Plant will cost Rs 15 million,” he said.

[list][*]Analysts say that the demand for both household and industrial consumption in Sri Lanka is estimated to be 150,000 Metric Tonnes (MT) per annum. The actual average production is approximately 110,000 MT and the balance demand is met by imports where the imports are carried out by private parties. The industry has significant potential to develop as the country is surrounded by the sea and the tropical weather is conducive to the production of salt.

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Its seems IPO money handle them well.

Sri Lanka’s Raigam Group, which recently went public with its subsidiary Raigam Wayamba Saltern Ltd (RWSL) is diversifying into confectionaries and has acquired a manufacturing plant with which it hopes to produce branded toffees

Correct me if I'm wrong, but what's listed in the in the CSE is only the salt subsidiary. Raigam consists of lots of companies. Unfortunately only the salt company is listed in the CSE. Also the article says beauty care product arm may go public in 2012.

This looks like a press release intentionally made to deceive the reader. May be to increase the demand as they are coming up for a rights issue according to the press release. Quote "Dr Liyanage said that in a bid to develop this saltern, RWSL may go in for a rights issue to raise the cash."

It's ambiguous whose investing in the confectionery, chemicals and the proposed tourism project. Probably the parent company.

But what the heck. Reality is what people think not what really is. :-)

look like something behind agenda,
other thing is many reporters acting favor to some stocks.

That's why shouldn't believe 100% any article or news

RDS wrote:look like something behind agenda,
other thing is many reporters acting favor to some stocks.

That's why shouldn't believe 100% any article or news

Right you are! but here people alway buy on newspaper articles and criticize those who point out that it's not good idea.

tubal wrote:

RDS wrote:look like something behind agenda,
other thing is many reporters acting favor to some stocks.

That's why shouldn't believe 100% any article or news

Right you are! but here people alway buy on newspaper articles and criticize those who point out that it's not good idea.

well said bro............
recently directors bought some shares.......

http://www.cse.lk/cmt/uploadAnnounceFiles/5491296534963_948.pdf

http://www.cse.lk/cmt/uploadAnnounceFiles/361297162916_948.pdf

New members,

If don’t know how to play with people don’t buy this share on Monday. Look at financials... just 7 cents EPS for last six months. At the end CSE will be a boring business to you....

no surprise there, the tortoizepluz strategy has been to buy and then continuously promote the share.
thankfully the continuous promotion has been toned down in the case of BOPL and RWSL (which is a good change)

innam wrote:no surprise there, the tortoizepluz strategy has been to buy and then continuously promote the share.
thankfully the continuous promotion has been toned down in the case of BOPL and RWSL (which is a good change)

Thanks for the valuable comments.
Good luck.

Buaaaaaahahahahahahahahaaaaaa!

Check the candlestick chart pattern.
RWSL is a good counter as a long term investment at this range.
It has a potential to grow and little push back with new year. But again it will stagnate for a year or two below 5.
We have to c their next financial statement. A growing company will pay less devidents and invest the earning for research and development.
It is again up to you to buy or sell.
Good luck

innam wrote:no surprise there, the tortoizepluz strategy has been to buy and then continuously promote the share.
thankfully the continuous promotion has been toned down in the case of BOPL and RWSL (which is a good change)

I agree with some of his comments on RWSL but will not take any decision till I see next financials.

Still I cannot understand the decision based on BOPL. It is the worst tea plantation next to MADU and MASK. You cannot expect a quick recovery in tea industry until we see some stability in Middle East. It seems things getting worst with USA-Iran issue. On the otherhand BOPL CEO is not in a good condition for giving his full support for the business. BOPL CEO… what a good person he is… wish him a quick recovery..

Today can see small bullish indicator from RWSL & as many predicted RWSL can go up soon. Keep your eye on it.

CSE.SEE
You have shamelessly copied this from another forum with the grammar mistake.This post had been in that forum for about 5 days. Other shameless thing is you are using his user name but in capital letters. shame on you

Stockmate wrote:CSE.SEE
You have shamelessly copied this from another forum with the grammar mistake.This post had been in that forum for about 5 days. Other shameless thing is you are using his user name but in capital letters. shame on you

Thanks.

Meaningless post

I also know a cse.see on another from some times back. But his writing style is completely different and anything he wrote were supported by strong calculations and logic.

Stockmate wrote:CSE.SEE
You have shamelessly copied this from another forum with the grammar mistake.This post had been in that forum for about 5 days. Other shameless thing is you are using his user name but in capital letters. shame on you

our members r vry smart

Joke for this month, may be for the whole year?

CSE.SEE wrote:

Stockmate wrote:CSE.SEE
You have shamelessly copied this from another forum with the grammar mistake.This post had been in that forum for about 5 days. Other shameless thing is you are using his user name but in capital letters. shame on you

Thanks.

should be black listed

Light of Hope wrote:

CSE.SEE wrote:

Stockmate wrote:CSE.SEE
You have shamelessly copied this from another forum with the grammar mistake.This post had been in that forum for about 5 days. Other shameless thing is you are using his user name but in capital letters. shame on you

Thanks.

should be black listed

from da forum or frm da cse too

Whats this abt RWSL ? if anybody care to checkout the top shareholder list, you may find Nissam Laxana. So is this part of the torteise pluz strategy?

gamaya wrote:Whats this abt RWSL ? if anybody care to checkout the top shareholder list, you may find Nissam Laxana. So is this part of the torteise pluz strategy?

http://forum.srilankaequity.com/t14577-innam-please-check-rwsl-major-share-holders