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.
FINANCIAL CHRONICLE™

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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Banking Sector (3Q 2024)
by SL-INVESTOR Yesterday at 10:09 pm

» Plantation Companies
by SL-INVESTOR Yesterday at 10:03 pm

» COCR IN TROUBLE?
by Hawk Eye Mon Dec 02, 2024 10:31 pm

» PALM Stock Update: Ready to Break Out!
by Anura-K Fri Nov 29, 2024 5:40 pm

» Renewable Energy Companies (1H 2024)
by God Father Thu Nov 28, 2024 8:56 pm

» Crypto , Digital Currency Trading , Forex
by KavinduTM Thu Nov 28, 2024 5:52 pm

» Browns Investments PLC (BIL): Net Loss masked by One-off gains from Acquisitions
by mafasmunaseer Fri Nov 22, 2024 1:56 am

» Hotel Sigiriya (HSIG) most undervalued & huge profit making Hotel
by Chalitha Tharanga Tue Nov 19, 2024 6:44 pm

» Mahaweli Reach Hotels (MRH.N)
by Chalitha Tharanga Tue Nov 19, 2024 6:41 pm

» CSE to turn bullish after November 14 poll
by Rare Tue Nov 19, 2024 10:13 am

» ලාභ විජ්ජාව!!
by D.G.Dayaratne Mon Nov 18, 2024 8:11 pm

» ‘Buy the Rumour, Sell the News’
by God Father Sat Nov 16, 2024 12:00 pm

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Sat Nov 16, 2024 9:56 am

» Oil prices fall further
by Rare Sat Nov 16, 2024 9:40 am

» Post-election winners.
by Rare Sat Nov 16, 2024 9:36 am

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Sat Nov 16, 2024 9:25 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Thu Nov 14, 2024 10:31 pm

» People's leasing VS Singer Finance IPO Analysis
by ddrperera Wed Nov 13, 2024 8:18 pm

» Insights into LOLC Advanced Technologies
by samaritan Wed Nov 13, 2024 10:41 am

» LOLC Tech's ambitious plans for global expansion
by samaritan Tue Nov 12, 2024 2:06 pm

» PLANTATION SECTOR
by God Father Sun Nov 10, 2024 8:19 pm

» People's leasing company, a hidden gem? (an analysis)
by Nandana Withanage Sun Nov 10, 2024 6:56 pm

» PEOPLE'S LEASING BUYING SIGNAL Target Price 19 ..PLEASE KEEP EYE ON THIS..
by nilantha suranga Sun Nov 10, 2024 9:16 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

LOLC seeking opportunities in local and international leisure sectors

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

LOLC seeking opportunities in local and international leisure sectors Pexels-asad-photo-maldives-1268855-1



By Hiran H.Senewiratne

CSE activities were positive yesterday and manufacturing sector shares appreciated for the third consecutive day caused by rumours that a Chinese loan is being granted to the country to revive the local manufacturing sector, stock market analysts said.

Apart from that, LOLC is now in the process of entering the local and international leisure sectors in a significant manner. A fully owned subsidiary of Browns Investments, BI Leisure Holdings, has been incorporated in the United Arab Emirates and it has entered into a share sales and purchase agreement to acquire PL Resort Limited, which is a private company established in Mauritius. The company’s value is US $ 12 million and the purchase consideration would be US $ 3.7 million, company sources said.

According to PL Resort Limited, the company owns a 100 room capacity luxury beach resort in Mauritius. Meanwhile, another one of LOLC’s fully owned subsidiaries, Palm Garden Hotel PLC, is in discussions with the owners of some local and foreign leisure companies to acquire them. However, no finality has been reached thus far, stock market analysts said.

With these developments the CSE acquired more positive momentum. Accordingly, both indices moved upwards. All Share Price Index was up by 45.95 points and S and P SL20 up by 16.07 points. Turnover stood at Rs. 1.93 billion with two crossings. These crossings were reported in JKH, which crossed 563,000 shares to the tune of Rs. 76.1 million, its shares traded at Rs. 135.25 and Tokyo Cement (Non Voting) 485,000 shares crossed for Rs. 27.9 million, its shares traded at Rs. 57.50.

In the retail market, top five companies that mainly contributed to the turnover were, Expolanka Rs. 308 million (5.82 million shares traded), LOLC Rs. 160 million (388,000 shares traded), Dipped Products Rs. 87.7 million (1,81 million shares traded), Hayleys Fabrics Rs. 95 million (4.32 million shares traded) and People’s Leasing Rs. 62.1 million (4.7 million shares traded). During the day122.8 million share volumes changed hands in 20826 transactions.

The Sri Lankan rupee was last quoted at Rs. 198.5 against the U.S. dollar. The equity market’s turnover was Rs. 2.26 billion ($11.37 million), according to exchange data.


https://island.lk/lolc-seeking-opportunities-in-local-and-international-leisure-sectors/

Share this post on: reddit

yesterday i told about eden.. today there were huge collections and 3mil volume buy orders were there at 12.9 and 13... tomorrow it will run Smile and it being in the hotel arm of lolc group and with public float as small as 4%.. it will have a run as same as Palm.. keep watching !

Back to top  Message [Page 1 of 1]

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