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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)

RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)

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fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics
 Raigam Wayamba Salterns Strong BuyStrong Buy

Rational Investor likes this post

gosrilanka


Equity Analytic
Equity Analytic
Friends, can we expect a price appreciation for RWSL? I have an quantity which I bought at 7.40 - 7.50 levels and stuck for some period. Really need your advise.
Thanks

Rational Investor


Manager - Equity Analytics
Manager - Equity Analytics
@gosrilanka wrote:Friends, can we expect a price appreciation for RWSL? I have an quantity which I bought at 7.40 - 7.50 levels and stuck for some period. Really need your advise.
Thanks

Watch out in coming week...

fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics
bom bom bom bom santa santa santa santa

fireshelter


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Market went up more than 300 points RWSL trading same price level

MR.T5n


Equity Analytic
Equity Analytic
Its time to move on.. bounce bounce bounce

267RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Wed Dec 09, 2020 12:50 am

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
@fireshelter wrote:Market went up more than 300 points RWSL trading same price level

Heavy resistant level of Rs 7/- broken.
bounce

268RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Wed Dec 09, 2020 10:55 am

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
Huge collection in last few weeks at 7.10-7 levels!!

Rational Investor likes this post

269RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Wed Dec 09, 2020 10:58 am

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
@shakthi1974 wrote:Huge collection in last few weeks at 7.10-7 levels!!

True Shakthi - Buying pressure is creeping up a good sign while selling has largely reduced.

alien

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
I'm sure RWSL has a long way to go!!
http://www.ft.lk/business/Raigam-Wayamba-Salterns-A-tale-of-consistent-success/34-709996
cheers cheers

Rational Investor likes this post

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
@shakthi1974 wrote:I'm sure RWSL has a long way to go!!
http://www.ft.lk/business/Raigam-Wayamba-Salterns-A-tale-of-consistent-success/34-709996
cheers cheers

[size=33]Raigam Wayamba Salterns: A tale of consistent success[/size]

By Randheer Mallawaarachchi


RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Image_bd5d0ad5c3
Raigam Co-Founder, Chairman and Group CEO Dr. Ravi Liyanage


 
 
Raigam Wayamba Salterns PLC started its journey in 2005 as a BOI company engaged in the manufacture, refining, packing and marketing of salt products. 

By the time Raigam entered this trade, despite the fact that Sri Lanka was surrounded with sea and blessed with best weather conditions for manufacture of salt, unfortunately the country was depending on imported salt, bleeding its treasured foreign currency and neglecting all potential economic benefits of the industry. 

Despite several industry barriers, Raigam’s challenging decision to invest in the industry has brought many advantages to the country at large. Today Raigam Wayamba Salterns PLC is reaping the harvest of its strategic investment, recording substantial growth even in the wake of the sudden unforeseen global challenges that engulfed the world. 

Raigam Co-Founder, Chairman and Group CEO Dr. Ravi Liyanage shared the inspiring tale of the success of Raigam Wayamba Salterns throughout the years.

Back in the day, salt in the form of crystals was unwashed and uniodised, and was sold in the market in gunny bags and folded newspapers. A process of purification was non-existent since the salt was directly extracted from the salterns before being released to the market.

The product has evolved rapidly throughout the years. Within the course of half a century, the basic product ‘salt’ has changed to ‘value added salt’ and available in granular, free-flow (table salt), fine powder forms as well as specific purpose salt such as pharmaceutical salt.

PVD (Pure Vacuum Dried) salt came into existence; was a significant step up of the industry. 

Sri Lanka’s first-ever salt refinery (table salt plant) was established in Puttalam by Raigam Wayamba Salterns PLC. Later the second refinery was established in Hambantota under the own subsidiary of RWS, the Southern Salt Company Ltd. With these early initiatives RWS played the leading role in fulfilling the ever-increasing demand of consumers for free-flow salt. Although there were few followers, the number is yet to pass five. 

Establishing another milestone, in 2011 RWS commenced to manufacture PVD salt for the very first time in Sri Lanka. PVD salt which comes with the assurance of almost 100% purity (insoluble matter), low traces of magnesium and calcium and other chemicals is manufactured under a fully mechanised process. 

The national demand for salt is 180,000-200,000 metric tons per annum out of which 160,000-170,000 metric tons are to be used for human consumption while the rest is utilised in industry-related activities. 

With such statistics, one might raise the question whether the Sri Lankan salt industry is self-sufficient to cater to the entire island. Sri Lanka is indeed self-sufficient with a few minor exceptions. In other words Sri Lanka needs to import very special specific purpose salt varieties such as pharmaceutical salt only. The demand for such salt is significantly minute. Compared to the above mentioned statistic, the demand for pharmaceutical salt is around 100 metric tons per annum. 

These particular forms of salt varieties require special specifications depending on intended use. RWS is in the process of upgrading production facilities to cater to this demand and consistently attempting to match the quality that this particular field requires. The success story of any company depends on customer satisfaction. That is not restricted to a mere marketing jargon for Raigam Wayamba Salterns. When RWS came into the market, 80% of the market demand was focused on 

crystal salt. 

That gradually shifted to table salt. Then people started to demand value addition. This is as a result of the ever-changing lifestyles of the public. Identifying these changes is the key for success of any company.

RWS is able to interpret the changing needs and wants of its customers. The entire corporate plan revolved around this. Investing in the ideal sources leads to the company offering exactly what the customers demand.

RWS Group has two salterns – Puttalam and Hambantota. In addition to that Raigam Group (holding company) owns another saltern in Trincomalee and also a significant stake in Puttalam Salt Ltd. Accordingly the Raigam Group holds a significant control over the salt industry. 

This forms a strategic triangle. Instead of putting all the eggs in one basket, the group has diversified its operations. It is known that the weather patterns of Sri Lanka are fairly unpredictable. If one saltern is hindered by unfavourable weather conditions, the supply remains relatively unaffected given that the rest are operating unobstructed.

Year 2020 has brought many challenges to the RWS Group. The pandemic crisis brought many dents in the growth of firms across the island. However, the group managed to tackle these challenges optimally. At a time when companies sought to cut down their labour forces, RWS refused to resort to layoffs. The relevant dividends were paid off on time. The employees were even offered an enhanced remuneration package due to the hard work and commitment shown during the difficult period. The need for moratorium did not come up at any stage.

The consistent growth of the company is partly due to the merits and support extended by the Government. The Special Commodity Levy of Rs. 40 per kilogram of imported salt imposed about 10 years ago was a great protection measure for the local industry. Finally that resulted in many investments and the country achieving self-sufficient status. There is no doubt that this is a great example for benefits of prudent fiscal policies of a country.

Again during the first wave of COVID-19, very correctly the Government has imposed import sanctions on many products that can be manufactured in Sri Lanka, including salt to preserve treasured foreign exchange reserves. However, as the country is self-sufficient in commonly used salt, these sanctions will affect only the special purpose salt imported in a small volumes and certain industries who imported their own requirement at a higher cost.

Irrespective of the volume it is an insult to import salt in a country where there is extreme potential to source the product locally. The Government has identified this crucial fact. Increasing the supply of products with special characteristics overnight is impractical. Therefore, patience is necessary without resorting to importing the product. The Government is requested to urge the public to show tolerance and patience until the company delivers the relevant products whilst maintaining quality. RWS has positively shouldered this national endeavour.

Considering the present situation, the PVD salt production capacities are being enhanced drastically. This is the next generation product which the future demands and also used as an ingredient for high-end products. 

RWS has set its sights on the production of flake salt targeting the international market. There is a high demand for flake salt in countries like Australia and Japan. This form of salt is to be produced in hygienic conditions whilst adhering to organic processes. The research and development aspects are nearly complete, and in due time, Raigam Wayamba Salterns will be able to charge into the international market.

Additionally, the company plans to introduce a new product line to the market with a new patent application. This product will be produced through a mix of new technological innovation and organic production processes. The specifics of the product shall be kept undisclosed as of yet, but rest assured that the loyal customers of RWS can expect a pleasant surprise in the near future.

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
Wow . What about the last para  Laughing

273RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Wed Jan 06, 2021 12:18 pm

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
RWSL just joined ...

274RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Wed Jan 06, 2021 12:22 pm

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
Just started!!! Don't worry, long way to go my friend Very Happy Very Happy

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
How long 100 m or 400 m

276RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Tue Jan 12, 2021 11:12 am

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
@fireshelter wrote:How long 100 m or 400 m

100m*4  Wink

277RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Tue Jan 12, 2021 11:20 am

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Whatsa14

278RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Tue Jan 26, 2021 12:05 am

dilshangac


Manager - Equity Analytics
Manager - Equity Analytics

Target price 8/- Before March. Cheers

Rational Investor likes this post

Jay-Jay

Jay-Jay
Manager - Equity Analytics
Manager - Equity Analytics
One of the most under valued counters in the CSE .

Future prospects of the company is very high .

Expecting a few positive news from the counter , such as " new product lines " " export market " " new lands for the saltern " .



.

Rational Investor likes this post

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
@Jay-Jay wrote:One of the most under valued counters in the CSE .

Future prospects of the company is very high .

Expecting a few positive news from the counter , such as " new product lines " " export market " " new lands for the saltern " .



.

Very true.

Trigger will be the release of their novel product for export market which will come very soon.

Like PAP , EAST this is one of the counter which has not yet moved at all with the ongoing bull rally.
Good luck for RWSL holders.

agentnrox likes this post

Jay-Jay

Jay-Jay
Manager - Equity Analytics
Manager - Equity Analytics
@dilshangac wrote:

Target price 8/- Before March. Cheers





a renewed interest shown in the counter today . seems to be this news has some financial value.


with LOLC groups reversal effect from tomorrow onwards will trigger other counters like RWSL.

.

Jay-Jay

Jay-Jay
Manager - Equity Analytics
Manager - Equity Analytics

About the company

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.


.

283RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Wed Jan 27, 2021 10:39 am

shakthi1974


Senior Equity Analytic
Senior Equity Analytic
Certainly this is one of the very few counters that didn't move with ASI at all!! and notice a good collection 6.70-6.90 level for past three months.
Disc:Holding (This is not a Buy/Sell recommendation only for info)

284RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty Re: RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) Mon Mar 01, 2021 11:58 am

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
Share price moved to 5.6/- after a while. Any update on the pending announcement with regard to their novel product?

285RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000) - Page 14 Empty RWSL RWSL rwsl Fri Apr 09, 2021 12:04 pm

stockchaser


Manager - Equity Analytics
Manager - Equity Analytics
RWSL seems to be a trap ? your idea

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