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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » MOST DIRECTORS WHY SOLD FLCH SHARES

MOST DIRECTORS WHY SOLD FLCH SHARES

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1MOST DIRECTORS WHY SOLD FLCH SHARES Empty MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 5:06 am

ranga777


Equity Analytic
Equity Analytic
01/06/2011 MR MURALI PRAKASH SOLD 1,198,900 SHARES
09/06/2011 MR A.L.DEVASUNDARA SOLD 3,810,100 SHARES
07/06/2011 ISHARA NANAYAKKARA SOLD 3,510,398
7,127,900
16,000,900
8,000,000
4,200,000
67,300

WHY ??????

2MOST DIRECTORS WHY SOLD FLCH SHARES Empty Re: MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 4:07 pm

PGNN


Manager - Equity Analytics
Manager - Equity Analytics
Directors shareholdings as at 31.03.2011 is as follows,

Mr. A L Devasurendra 12,059,197 -
Mr. I C Nanayakkara 10,638,298 -
Mr. N M Prakash 1,000,000 -
Mr. P R Saldin 12,800 -
Mr. D C Wimalasena 11,400 -
Mr. J M S de Mel 11,000

I couldn't find any announcements with regard to purchase of shares during the period of from 01.04.2011 todate. But based on the information that you have provided, it seems that they have sold more than what they had as at 31.03.2011

God only knows what on earth it's happening there !

Any way they may be selling bring down the share price further down so that they can repurchase them at a much lower price.

Better if we can get EXPERTS views on this

PGNN

3MOST DIRECTORS WHY SOLD FLCH SHARES Empty Re: MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 4:33 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I don't know why they sold them. But I can tell, the movement of FLCH will be much slower as of this big share volumes. FLCH is not a risky company. So, Don't be afraid brothers.
FLCH will move up. These days it's on a collection.Very Happy

Dear PGNN,
They had might got more shares as small quantities. No chance to get know it from announcements. Smile

4MOST DIRECTORS WHY SOLD FLCH SHARES Empty Re: MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 6:09 pm

Namalaka

Namalaka
Manager - Equity Analytics
Manager - Equity Analytics
Yes. Let's stick to fundamentals..
This is very much undervalued now & is a good company..
Basketball

5MOST DIRECTORS WHY SOLD FLCH SHARES Empty Re: MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 6:35 pm

shaankh

shaankh
Manager - Equity Analytics
Manager - Equity Analytics

INVESTOR INFORMATION


Twenty Largest Shareholders


As at


%


05.05.2011


Held


Nos.


1


Free Lanka Capital (Pvt) Ltd


747,600,000


54.65


2


Browns Investments (Pvt) Ltd


43,978,217


3.21


3


Perpetual Holdings Ltd


43,953,090


3.21


4


Lanka ORIX Leasing Co. PLC


32,250,096


2.36


5


Mr. A L Devasurendra


12,059,197


0.88


6


Lexinton Holdings (Pvt) Ltd


11,267,000


0.82


7


Miss. B M Damayanthi


11,000,000


0.80


8


Next Ventures Ltd


10,640,000


0.78


9


Mr. I C Nanayakkara


10,638,298


0.78


10


Bartleet Finance Ltd


10,638,297


0.78


11


Mr. S. Somasundaram


10,000,000


0.73


12


Dr. R R De Silva


6,740,048


0.49


13


Perpetual Capital (Private) Ltd


6,000,000


0.44


14


Thurston Investments Ltd


5,325,000


0.39


15


Hi-Line Trading (Pvt) Ltd


5,320,000


0.39


16


Amaya Leisure PLC


5,320,000


0.39


17


Vallibel Finance Ltd


5,320,000


0.39


18


Phoenix Ventures Limites


5,160,000


0.38


19


Life Insurance Corporation (Lanka) Ltd


5,000,048


0.37


20


Mr. L U D Fernando


4,800,850


0.35


NO. OF ORDINARY SHARES HELD BY THE DIRECTORS


As at


%


11.04.2011


Held


Nos.


1


Mr. A. L. Devasurendra


12,059,197


0.88


2


Mr. I. C. Nanayakkara


10,638,298


0.78


3


Mr. N. M. Prakash


1,198,900


0.09


4


Mr. P. R. Saldin


12,800


0.00


5


Mr. D. C. Wimalasena


11,400


0.00


6


Mr. J. M. S. de Mel


11,000


0.00


Twenty Largest Shareholders


As at


%


05.05.2011


Held


Nos.


1


Free Lanka Capital (Pvt) Ltd


747,600,000


54.65


2


Browns Investments (Pvt) Ltd


43,978,217


3.21


3


Perpetual Holdings Ltd


43,953,090


3.21


4


Lanka ORIX Leasing Co. PLC


32,250,096


2.36


5


Mr. A L Devasurendra


12,059,197


0.88


6


Lexinton Holdings (Pvt) Ltd


11,267,000


0.82


7


Miss. B M Damayanthi


11,000,000


0.80


8


Next Ventures Ltd


10,640,000


0.78


9


Mr. I C Nanayakkara


10,638,298


0.78


10


Bartleet Finance Ltd


10,638,297


0.78


11


Mr. S. Somasundaram


10,000,000


0.73


12


Dr. R R De Silva


6,740,048


0.49


13


Perpetual Capital (Private) Ltd


6,000,000


0.44


14


Thurston Investments Ltd


5,325,000


0.39


15


Hi-Line Trading (Pvt) Ltd


5,320,000


0.39


16


Amaya Leisure PLC


5,320,000


0.39


17


Vallibel Finance Ltd


5,320,000


0.39


18


Phoenix Ventures Limites


5,160,000


0.38


19


Life Insurance Corporation (Lanka) Ltd


5,000,048


0.37


20


Mr. L U D Fernando


4,800,850


0.35

6MOST DIRECTORS WHY SOLD FLCH SHARES Empty Re: MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 6:47 pm

Nowfar


Stock Trader
Sri Lanka Browns to increase hydropower generation
Aug 31, 2011 (LBO) - Sri Lanka's Browns Investments has said it plans to make use of its plantations to generate more hydropower and increase capacity to 16 megawatts and sell electricity to the national grid.

The firm, a joint venture between Brown & Company and Taprobane Holdings, said power generation is one of the sectors identified as a "sunshine industry" in which it plans to make investments.
"Browns Investments, through Free Lanka Capital Holdings, is also leveraging other assets on the estates by venturing into hydropower and leisure," the company told shareholders in its annual report.

"The company's investment into hydropower through Free Lanka continues to show good results," it said.

Two hydropower plants, Delta and Sanquhar, which are operational have the capacity to generate 3.2 megawatts.

"By harnessing hydropower potential on the estates, the company expects to generate a total of 16MW of electricity by 2013, which will be supplied to the national electricity grid," the report said.

Free Lanka Capital Holdings, a joint venture between Browns and Perpetual Holdings, is the holding company of Pussellawa and Mathurata plantations which manage 19,000 acres of tea and 13,000 acres of rubber in the hill country.

7MOST DIRECTORS WHY SOLD FLCH SHARES Empty Re: MOST DIRECTORS WHY SOLD FLCH SHARES Wed Aug 31, 2011 7:54 pm

rcharindu

rcharindu
Manager - Equity Analytics
Manager - Equity Analytics
Basically FLCH mainly depend on Tea, 70% of group revenue coming from Tea. Other than that the group has Rubber (Still not much considerable gain,replanting carrying out & factories are renewed), Timber (as i can remember about 1.5M planted),and small scale hydro power plants which accounted about 2% of groups revenue.
With the IPO money they are planing to construct 2 Eco-tourist hotels and 80,000sq.ft commercial complex @ Borrela.

"Unstable situation in Middle east,could badly effect the Tea exports. About 78% Sri Lanka’s annual tea exports of 300 million kilos are sent to Iran, Iraq, Syria and Libya both in bulk and value-added form, but only 55 million kilos (or 30 per cent of the total exports) has been sent for the first six months of this year,
tea export officials said.
Sri Lanka Tea Board Tea Promotion Division Director Hasitha de Alwis admitted that there was a decline in exports to the Middle East. “It has gone from bad to worse in the past six months,” he said pointing out that crisis-hit Syria was the fourth largest buyer of Sri Lanka’s tea. He said a ten million kilogramme market in Libya had also been hit."
Source:Sundaytimes

Fundamently FLCH is now Undervalued.
Simply NAV = 4.6 currently trading @ 3.7
But if we consider the above facts I think it's better to wait and see ,Specially Libya'n situation.

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