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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » BROWNS GROUP ???

BROWNS GROUP ???

+6
kuk83
kam2011
UKboy
ISURU
econ
vishnu
10 posters

Go down  Message [Page 1 of 1]

1BROWNS GROUP ??? Empty BROWNS GROUP ??? Tue Feb 08, 2011 12:52 pm

vishnu


Stock Analytic
Stock Analytic

Any idea about Browns group ?

They hold almost 18 Mn vot share of HNB and 13 Mn vot shareof Seylan and 5 Mn non voting of Seylan. They also have a 3.04 Bn stock of Timber and Rubber. Their 2nd Q EPS is around 10.84...looks quiet good. Once the 3rd Q results come out for Browns and HNB...it will be a good value share...I guess.........

2BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Tue Feb 08, 2011 12:54 pm

econ

econ
Global Moderator

vishnu wrote:Any idea about Browns group ?

They hold almost 18 Mn vot share of HNB and 13 Mn vot shareof Seylan and 5 Mn non voting of Seylan. They also have a 3.04 Bn stock of Timber and Rubber. Their 2nd Q EPS is around 10.84...looks quiet good. Once the 3rd Q results come out for Browns and HNB...it will be a good value share...I guess.........

browns investment arm are about to come as IPO.. I saw that they had a private placement .. so will be another interesting IPO..

3BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Tue Feb 08, 2011 11:48 pm

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...? Smile

4BROWNS GROUP ??? Empty Browns Wed Feb 09, 2011 12:01 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Browns already sold their HNB shares. nothing left. I would be surprised if it goes beyound Rs300 mark within next 12 months.

5BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 08, 2011 1:10 pm

ISURU

ISURU
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

UKboy wrote:Browns already sold their HNB shares. nothing left. I would be surprised if it goes beyound Rs300 mark within next 12 months.
Very Happy Any comments (Brwn ~320) Very Happy

6BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 08, 2011 1:34 pm

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Dear


















Dear ukboy, BROWNS has already gone uptoday to 322-325 level. Why do u say that will not go up over 300/- within the year. I guess it will hit 400/-before end of this year.

7BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 08, 2011 2:14 pm

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics

http://forum.srilankaequity.com/t2102-good-counters-to-enter-in-last-few-days


lol!

8BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 08, 2011 2:55 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

ISURU wrote:Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...? Smile

BRWN LOLC and RICH were traded in large numers , something is goimg on.

9BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 08, 2011 3:09 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Aamiable wrote:
ISURU wrote:Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...? Smile

BRWN LOLC and RICH were traded in large numers , something is goimg on.

BRWN trading today was around 500000 shares . Mostly over Rs 320. There were some concerns in the forum about their gains due to one time income and issues with paying less tax. But if you look at last quarter report the income appears to come from mainly core business. Need to explore this more. If this quarter also they report good eps with a clean audited report I think this can hit the roof. Best to monitor



Last edited by slstock on Thu Apr 14, 2011 5:35 pm; edited 1 time in total

10BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 08, 2011 3:18 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

slstock wrote:
Aamiable wrote:
ISURU wrote:Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...? Smile

BRWN LOLC and RICH were traded in large numers , something is goimg on.

BRWN trading today was around 500000 shares . Mostly over Rs 320. There were some concerns in the forum about their gains due to one time income and issues with paying less tax. But if you look at last quarter the income seems to mainly come main business. If this quaqrter also they reprot good eps with a clean audited report I think this can hit the roof. Best to monitor

LOLC and BRWN belomgs to same group.

11BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Thu Apr 14, 2011 1:31 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

ISURU wrote:
UKboy wrote:Browns already sold their HNB shares. nothing left. I would be surprised if it goes beyound Rs300 mark within next 12 months.
Very Happy Any comments (Brwn ~320) Very Happy

Ok Accepted my defeat Very Happy

12BROWNS GROUP ??? Empty BRWN is a subsidery of LOLC!! Thu Apr 14, 2011 3:50 pm

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics

@ Isuru - Pls note since the end of last financial year BRWN has been concidered as a subsidery of LOLC. As LOLC secure the effective control over BRWN, it becomes subsidery insted of an associate.

LOLC > 100% Commercial Leasing > 50% Diriya Investment > 51% Browns
BRWN among others holds 50% of Browns Investments - BI (Investment Holding Co), which to be listed too.
BI holds 50% of Free Lanka Capital (Pvt) Ltd which holds 70% Free Lanka Capital Holdings Ltd., that will start trading 18th April under "Diversified".
BI also holds 50% Free Lanka Plantation Holdings (Pvt) Ltd which owns 40% & 32% of Maturata Plantations and Pussellawa Plantations two of the RPC's respectively.


It will be interesting to see the new role of "BRWN" with in "LOLC's Holding Company" structure, as more than a "trading" company BRWN is with diversified business interests. Earlier I thought "BRWN" will be placed under "Diversified" before "LOLC".

Appriciate members' views/predictions over BRWN's new ROLE under "LOLC Holdings", will it be another HOLDING COMPANY or ???

13BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Thu Apr 14, 2011 5:28 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Kapilaweer wrote:
LOLC > 100% Commercial Leasing > 50% Diriya Investment > 51% Browns


Kapila

Does the above statement imply that LOLC is holding 51% of BRWN through Diriya Investment?

I was looking at BRWN dec statement and the top 2 share holders are Engineering Services and Mason Mixures. Are these subsidies of Diriya Investment? can you please clarify
http://www.cse.lk/cmt/upload_report_file/764_1297681682411.Quarterly%20Financial%20Statements-31.12.2010.pdf

14BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Thu Apr 14, 2011 7:12 pm

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics

slstock wrote:
Kapilaweer wrote:
LOLC > 100% Commercial Leasing > 50% Diriya Investment > 51% Browns


Kapila

Does the above statement imply that LOLC is holding 51% of BRWN through Diriya Investment?

I was looking at BRWN dec statement and the top 2 share holders are Engineering Services and Mason Mixures. Are these subsidies of Diriya Investment? can you please clarify
http://www.cse.lk/cmt/upload_report_file/764_1297681682411.Quarterly%20Financial%20Statements-31.12.2010.pdf

@slstock

I also noticed in the top 20 list. Very Happy

But also pls note LOLC group structure Pages 14-16 of LOLC Annual report (http://www.cse.lk/cmt/upload_report_file/378_1283164137108.pdf) accordingly 51% effective holding of BRWN is through Diriya Investment. Further under the "Acquisitions and Investments - Driving" - it explains through our wholly-owned subsidery Commercial Leasing Company, we acquired a 50% stake in Diriya, the holding company of Browns & Co PLC.

Also see note 27: Investments in Subsidiary Companies - Group Holding 52.4% with 2.6% by the Company (As at DEC 2010 Company up its stake to 6.38% and for Group about 56%)

Responding concerns over Engineering Services (Pvt) Ltd. and Mason's Mixture Ltd., both of them also become subsidery with Group holding of 100% and 98% respectively. Accordingly both of them should be subsidiaries of Diriya Investment, though it has not been shown clearly.

My original question was "BRWN's new ROLE under "LOLC Holdings", will it be another HOLDING COMPANY OR ???"
and may be you can now assume why I took all 3 paragraphs to clarify this (insted only last paragraph).

Every dark cloud has a silver line while Most of Silver plates are having dark lines Shocked


(decleration: I'm not promoting any individual stock, but I have both #BRWN and #LOLC, in small numbers)

15BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Thu Apr 14, 2011 8:47 pm

Aamiable


Vice President - Equity Analytics
Vice President - Equity Analytics

BRWN went up sharply...LOLC could move up next.... Smile Very Happy Smile Smile Very Happy

16BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 15, 2011 1:34 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

@ Kapila.

Okay below should clarify our mystery

"During the fourth quarter, the Group's fully owned subsidiary, Commercial Leasing Company Ltd., acquired a 50% stake in Diriya Investments (Pvt) Ltd., an investment vehicle which holds controlling stakes in Taprobane Fund Management Ltd., Muthugala Estates (Pvt) Ltd., Pathragalla Estates (Pvt) Ltd., Engineering Services (Pvt) Ltd. and Masons Mixtures Ltd. Through the holdings of LOLC Company and the subsidiaries of Diriya Investments, Brown & Company PLC is now a subsidiary of the LOLC Group"

Page 43 of the same report. Yes LOLC company directly also seemed to have upped their stake to 6.38 from the 2.xx last year. Thanks for bringing this to my attention and my others.



Regarding BROWN as a Holding Company,
As LOLC is declared now as a Holding company and BRWN is a subsidery , the feasibility of BRWN becomes another Holding company appears to be less but you never know.

Also on a discussion to this topic, I would like to make observation that BRWN that last 4 days trading made over close to 2 million trades. Mostly over Rs 320 I believe. There is still interest on this . As BRWN moved up on consecutive days it might take a rest or maybe not. Anyway we should watch out for the coming weeks movements to determine how much more interest is left over Rs 350. Lookign at LOLC /BRWN relationship both these Blue Chip companies should do well in the future. If you willing buy and forget for next 3 years ( long term), just see whether these will be at that time!

17BROWNS GROUP ??? Empty BRWN Group??? Fri Apr 15, 2011 6:28 am

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics

@ slstock Very Happy

18BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 15, 2011 7:49 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

BRWN will have its celebrity status up with the acquisition by LOLC.. And with this also LOLC would be considered in a better position due to high earning of BRWN reflected in their financials..
Seems its a win-win deal for both and I see a good future for both companies now.. Better to watch..

19BROWNS GROUP ??? Empty Re: BROWNS GROUP ??? Fri Apr 15, 2011 9:10 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

smallville wrote:BRWN will have its celebrity status up with the acquisition by LOLC.. And with this also LOLC would be considered in a better position due to high earning of BRWN reflected in their financials..
Seems its a win-win deal for both and I see a good future for both companies now.. Better to watch..

Yes Smallville, as we discussed before better to hold on to some LOLC. Am not sure whether LOLC will kick off with outstanding profits in the near future but when it does it will have exponential gains contributing from subsidies.

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