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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » EASTERN MERCHANTS PLC(EMER.N0000)

EASTERN MERCHANTS PLC(EMER.N0000)

Go down  Message [Page 1 of 1]

1EASTERN MERCHANTS PLC(EMER.N0000) Empty EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 9:55 am

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

http://www.cse.lk/cmt/uploadAnnounceFiles/3231424079088_767.pdf

The company sold land and Building Rs.1,040,000,000 ................

2EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 10:03 am

EquityChamp

EquityChamp
Moderator
Moderator
Lot of buying interest is there. May be a chance for a quick gain.

3EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 10:20 am

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
quick gain ..... no sellers.... omg 49% up

4EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 11:37 am

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I think players pounding on the opportunity to grab a profit, in the shadows of the land sale...

5EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 2:27 pm

EquityChamp

EquityChamp
Moderator
Moderator
Made 200k from 2 hours. Good trade today. Very Happy
Dec 14 NAV was 8.22 and the said sale may generate a capital gain arround Rs500mn for the company. Which means their NAV to up to 12.5. Seems a further room is there to go up but it is risky now. Better to exit now Very Happy

6EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 3:39 pm

Teller

Teller
Moderator
Moderator
I sent the profit message in advance to this forum by saying they their disposals of landsoon 2 days before. But no one give me a thank :-).


_________________




Teller said is said..

7EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 3:42 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
[quote="Teller"]I sent the profit message in advance to this forum by saying they their disposals of landsoon 2 days before. But no one give me a thank :-). [/quote]

thanks Teller.

8EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 3:44 pm

Teller

Teller
Moderator
Moderator
Welcome my dearest gainer. As we sow,we reap...


_________________




Teller said is said..

9EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 3:48 pm

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
[quote="Teller"]I sent the profit message in advance to this forum by saying they their disposals of landsoon 2 days before. But no one give me a thank :-). [/quote]

THANKS TELLER ... KEEP IT UP

10EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 3:51 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Eastern Merchants to raise Rs. 1 b for diversification by selling 134-perch land
  Published : 12:16 am  February 18, 2015  
Eastern Merchants Plc is to raise Rs. 1 billion to diversify business by selling a portion of its land and buildings.
The company said its Board, at a meeting on Monday, resolved to sell land and buildings owned at 284 Vauxhall Street, Colombo 2 and 341 Union Place, Colombo 2 (with a combined extent of 134 perches) for Rs. 1.04 billion.
It said, according to the valuation dated 6 April 2014 by Incorporated Valuer Prof. Gamini Haegoda, the property is worth Rs. 939 million. The Union Place property was the registered office and principal place of business.
“It is proposed that the funds raised through the sale are to be invested to diversify the business of the company from its traditional commodity trading into new business ventures focusing on value addition,” Eastern Merchants said. The company also proposes to utilise a part of the sale proceeds to settle outstanding debt which is considerably low.
The Eastern Merchants Board has approved the sale in principle. Since the value of the property to be sold is more than one half of the total value of assets of the company, the sale constitutes a major transaction in terms of the Companies Act. Total assets were Rs. 1.28 billion as at 31 December 2014 of which property plant and equipment amounted to Rs. 487.5 million and investments property was Rs. 508 million.
Therefore the Board has resolved to summon an Extraordinary General Meeting on 16 March to seek shareholder approval. Directors control nearly 70% stake in the company.
At the company level, interest bearing short-term borrowings amounted to Rs. 25.6 million as at December 2014, down from Rs. 171 million a year earlier. At the group level it was Rs. 85 million, down from Rs. 217 million. The company also has Rs. 234 million in Bank Overdraft.
Major shareholders of Eastern Merchants Plc include J.B.L. De Silva (27.57%), H.J. De Silva (13.7%), C.I. Tilakaratna (13%), C.S.L. De Silva (12.4%) and N.S. Karunaratne (10.7%).
The group specialises in the export of traditional and non-traditional products and the manufacture and export of coir and rubber wood brushes.
The company’s third quarter revenue was down by 65% to Rs. 151.5 million and by 58% to Rs. 514 million during the first nine months of FY2015. Its loss was Rs. 13.4 million in 3Q, up from Rs. 11.3 million a year earlier. Its nine months’ loss had increased by 145% to Rs. 57 million. At the group level 3Q revenue was down by 62% to Rs. 173 million and by 55% to Rs. 571.5 million for nine months. However, revenue reserves as at December 2014 amounted to Rs. 627 million at the company level.
Losses grew by 58% to Rs. 27.2 million in 3Q and by 50% to Rs. 74 million for nine months.
In January, Channa S.L. De Silva was appointed Managing Director of Eastern Merchants Plc and subsidiaries Eamel Exports and Spice Lane Ltd., after Anil Karunaratne retired.

www.ft.lk

11EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Wed Feb 18, 2015 4:26 pm

EquityChamp

EquityChamp
Moderator
Moderator
[list][*][/list][quote="Teller"]I sent the profit message in advance to this forum by saying they their disposals of landsoon 2 days before. But no one give me a thank :-). [/quote]
A big thank in your way. Cool

12EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Thu Feb 19, 2015 9:40 am

kuma524

kuma524
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
whats going on........ is this valuable???

13EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Fri Mar 13, 2015 8:13 am

bandara 123


Manager - Equity Analytics
Manager - Equity Analytics
This is how EMER daily technical side looks like. With a pending hefty dividend expected from the land sale we can expect a fair gain to the share in coming days. This share peaked Rs14 levels couple of weeks ago.

EASTERN MERCHANTS PLC(EMER.N0000) <a href=EASTERN MERCHANTS PLC(EMER.N0000) Emer10" />



Last edited by bandara 123 on Fri Mar 13, 2015 8:18 am; edited 1 time in total

14EASTERN MERCHANTS PLC(EMER.N0000) Empty Re: EASTERN MERCHANTS PLC(EMER.N0000) Fri Mar 13, 2015 8:17 am

bandara 123


Manager - Equity Analytics
Manager - Equity Analytics
This is the monthly tec side

[img]EASTERN MERCHANTS PLC(EMER.N0000) Emer11[/img]

Sponsored content


Back to top  Message [Page 1 of 1]

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