LOLC becomes third one billion dollar company on CSE

samaritan

samaritan

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LOLC becomes third one billion dollar company on CSE IsharaCNanayakkara-1

Dynamic business leader Ishara Nanayakkara-controlled LOLC Holdings PLC today became the third US $ 1 billion company on the Colombo Stock Exchange (CSE), behind John Keells Holdings PLC and Ceylon Tobacco Company PLC.

As at yesterday’s market close, LOLC Holdings’ market capitalization was Rs.198, 277, 200, 000.00, accounting for 5.25 percent of the CSE’s total market cap.

When the Central Bank’s indicative rate of Rs.196.15 per a US dollar is applied, the market cap of LOLC Holdings amounts to US $ 1.01 billion.

LOLC Holdings share yesterday closed at Rs.417.25, up by Rs.36 or 9.44 percent. The company has 475.2 million issued shares

http://www.dailymirror.lk/business_247/Isharas-LOLC-becomes-third-one-billion-dollar-company-on-CSE/395-204538

LOLC becomes third one billion dollar company on CSE Images?q=tbn:ANd9GcSjoEgwkbrC7Tvl3ltNNdOPZzxxai256J6zwg&usqp=CAU

Wed Jan 27, 2021 10:15 am by **madukp** · Wed Jan 27, 2021 10:15 am by **madukp**

Soon this will be the number 1 of the market capitalization

Wed Jan 27, 2021 12:00 pm by MeshLk · Wed Jan 27, 2021 12:00 pm by MeshLk

any solid reason for the phenomenal rise from Rs. 130's less than a month ago? Specially as a share that's not known for dividends?

Wed Jan 27, 2021 12:00 pm by **samaritan** · Wed Jan 27, 2021 12:00 pm by **samaritan**

Its highly likely that LOLC group will emerge as the most powerful Corporate entity in Sri Lanka.

Will not rule out their involvement in ECT as well.

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Wed Jan 27, 2021 12:21 pm by MeshLk · Wed Jan 27, 2021 12:21 pm by MeshLk

I guess we'd have to watch news closely and see the quarterly reports for any significant changes.

Wed Jan 27, 2021 12:49 pm by **RJ1010** · Wed Jan 27, 2021 12:49 pm by **RJ1010**

MeshLk wrote:any solid reason for the phenomenal rise from Rs. 130's less than a month ago? Specially as a share that's not known for dividends?

I haven’t studied the LOLC group so I also have this question. Seems like future investments and plans. I would like to see a valuation of this company once the latest interim results are out.

Wed Jan 27, 2021 1:39 pm by **samaritan** · Wed Jan 27, 2021 1:39 pm by **samaritan**

RJ1010 wrote:

MeshLk wrote:any solid reason for the phenomenal rise from Rs. 130's less than a month ago? Specially as a share that's not known for dividends?

I haven’t studied the LOLC group so I also have this question. Seems like future investments and plans. I would like to see a valuation of this company once the latest interim results are out.

Correct. In keeping with the futuristic nature of stock markets, the price movements are based on future investments and plans.
'Past is not a predictor of future'.

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