Monthly Archives: April 2011

Jinnah Scholarship for GCE O/L, GCE A/L and Graduation
Scholarship for Srilankan Students and Working Professionals

Jinnah Scholarship for GCE O/L, GCE A/L and Graduation

High Commission of Pakistan Colombo Calls application for the Jinnah Scholarships form Deserving Srilankan Student pursuing their studies at O’ Level, A’ Level and Graduation in the local Education institution.
The scholarships will be awarded according to the final list of Merit among all Applicants.
Applications forms can be collect from the
High Commission of Pakistan Colombo
53/6, Gregory‘s Road, Colombo 07.

Last date for Submission is 14th May 2011.

Source: Daily news 29th April 2011.

Certificate Level I and Level II Examination September 2011 –Chartered Accountants of Srilanka
Professional Qualification

Certificate Level I and Level II Examination September 2011 –Chartered Accountants of Srilanka

The Institute of Chartered Accountants of Srilanka calls applications for Certificate Level I and Level II Examination September 2011.
Application forms
The Application forms can be obtained from the institute by calling over personally or by sending a self addressed, stamped (Rs.15.00) envelope.
Application acceptable date
The Application will be accepted from eligible registered students from Friday 29th April 2011 upto 5.00 pm on Friday 1st July 2011.
Exam dates
The Exams will be held on
Certificate level I examinations will be help on 17th, 18th and 25th September 2011.
Certificate level II examinations will be help on 24th, and 25th September 2011.
Source: Daily News 29th April 2011.

Strategies for Service Organizations Seminar by the Institute of Chartered Accountants of Srilanka
Exhibition, Events and Celebrations in Srilanka

Strategies for Service Organizations Seminar by the Institute of Chartered Accountants of Srilanka

The Institute of Chartered Accountants of Srilanka organized a programme of Strategies for Service Organizations.
The seminar is targets to Chairmen, Directors, CEO’s, CFO’s and Senior Management, professionals in financial services, Manufacturing, Hospitality/ Tourism, Travel, Healthcare and ICT personals.
The seminar will be resourced by
Professor B.Mahadevan
Professor of operations management,
Institute of management,
Bangalore.

Date and day: 5th May 2011 Thursday
Time: 9 am to 5 pm
Venue: The Eagle, Waters Edge.
Registration: On or before 4th May 2011.
Investment: Rs.8000.00

Source: Daily News 29th April 2011.

Royal Ceramics Lanka PLC announced Second Interim Dividend for FY 2010/2011
Colombo Stoke Exchange [CSE] Today

Royal Ceramics Lanka PLC announced Second Interim Dividend for FY 2010/2011

Today 29th April 2011, the Royal Ceramics Lanka PLC announced second interim Dividend Rs.1.00 per share for the financial year of 2010/2011.
The Ex Dividend date will be 11th May 2011 and the payment will be on 20th May 2011.
The First interim Dividend announced in 27th August 2010 as Rs.2.50 per share.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=503&symbol=RCL.N0000

Trans Asia Hotel PLC announced First and Final Dividend for YE 2010/2011
Colombo Stoke Exchange [CSE] Today

Trans Asia Hotel PLC announced First and Final Dividend for YE 2010/2011

Today 29th April 2011, the Trans Asia Hotel PLC announced First and Final dividend of Rs.3.00 per share. The Dividend is for the financial year 2010/2011.
The Ex Dividend date will be 11th May 2011 and the payment will be on 24th May 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=499&symbol=TRAN.N0000

Junwex 2011International Gem & Jewellery shows Moscow, Russia
Places to visit in Srilanka

Junwex 2011International Gem & Jewellery shows Moscow, Russia

Srilanka Export Development board calls application for Srilanka Companies to participate in Junwex 2011 in Moscow Russia.
The Junwex is targeting 1 Billion Russian population. The programme aims to promote Sri Lankan Gem and Jewellery Products in the Russian market.
Date: 17th September 2011 to 21st September 2011.
Venue: All Russian Exhibition Center, Moscow, Russia
Applications calls for: Exports of
Precious and semi Precious stones
Gem studded Jewellery
Gold, Platinum and Silver Jewellery
Other potential products made of gems or Precious metals

Selection: Applicants will be assessed through an interview by a selection panel. The selected companies will allocate 6 x 9 SQM of stall.
Appling process: Applications can be collect from the EDB or could be downloaded from the EDB Website www.srilankabusiness.com
The completed applications should handover on or before 6th May 2011.
For more information:
Manoja
Tel: 011 2 300721 / 011 2 300705 – 11
Fax: 011 2 305 212
Email: manojad@edb.tradenetsl.lk

Source: Daily news

Stock Market update via Dialog SMS
My Observations and thoughts

Stock Market update via Dialog SMS

Dialog introduce Stock Market Updates by SMS services, whoever like to get SMS’s can subscribe by sending message to Dialog by
Type STOCK and send to 678. It will be charge Rs.30.00 plus taxes per Month
Source: daily news Advertisement 29th April 2011.

Price band reduce as 5 days; from 10days
Colombo Stoke Exchange [CSE] Today

Price band reduce as 5 days; from 10days

28th April 2011, the Colombo Stock Exchange announced that the SEC has directed to CSE to subject public listed companies captures under the formula to a 10% price band for 5day only until further notice.
Source: http://www.cse.lk/cmt/upload_cse_announcements/3781303990303_.pdf
http://synergyy.com/2011/03/new-price-band-regulation-at-colombo-stock-exchange/
Earlier the price band was 10% for the 10 Days
Source: http://www.cse.lk/cmt/upload_cse_announcements/5081298615404_.pdf

Environmental Resource Investment PLC 2011 Warrants Conversion
Colombo Stoke Exchange [CSE] Today

Environmental Resource Investment PLC 2011 Warrants Conversion

28th April 2011, The Environmental Resource Investment PLC [know as GREG] announced its 2011 warrant holders to convert their warrants to Ordinary shares before 3rdJune 2011 at the Exercise price of Rs.24.00 per share.
The warrants which are not exercise before the maintain date shall have no rights to whatsoever thereafter.
Source: http://www.cse.lk/cmt/upload_cse_announcements/3111303990775_.pdf

Ceylon Cold Stores PLC announced First and Final Dividend for FY 2010/2011
Colombo Stoke Exchange [CSE] Today

Ceylon Cold Stores PLC announced First and Final Dividend for FY 2010/2011

28th April 2011, the Ceylon Cold Stores PLC announced the First and Final Dividend of Rs.4.00 per share for the financial year of 2010/2011.
The Ex Dividend date will be on 10th May 2011 and the Payment will be on 23rd May 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=426&symbol=CCS.N0000

My personal Experience of inside Dealing
Prasanna's Diary (Sharing)

My personal Experience of inside Dealing

This is my personal experience with Pan Asia Banking Corporation PLC
I brought Pan Asia Banking Corporation PLC shares 08th February 2011 at the price of Rs.57.50 per share. After I purchased share price dropped heavily and reaches in Rs.49.50 in some days.
In today [28th April 2011] I see the prices are going up suddenly, and I suspect there should be any reason to prices to going up,
My reason was,
• May rights issue coming in,
• Dividend may announce soon
• May be acquire by big buyer,
• New expansion announcement may issue,
Even I thought these reasons I don’t like to keep these shares for long time, cause I had enough liquidity loss for these 3 months, so I plan to sell this today at a good price.
Therefore I asked my broker; is there any news they having about the Pan Asia Banking Corporation PLC, but he says he don’t know anything but he also suspecting there will be an announcement today.
I asked to sell
I asked my share broker to sell all my Pan Asia Banking Corporation PLC shares at the price of Rs.60 per shares. This will help me to go out of Pan Asia Banking Corporation PLC without loss.
My ask price was meet the requirement in evening times and sold off, after a 20 to 30 minutes I got to know that Pan Asia Banking Corporation PLC announced Sub Division, after I see the announcement, I feel sorry for Srilanka Stock Exchange, how the Information and the inside Dealings are going on,
“The Sub Division decision took yesterday by the Board of Directors and published the announcement today, while the day some investors got the information and push the market up and collect most of the shares”.
But whoever is playing inside dealing in the market will loosen their money in the market itself. This is not blame, but it’s happened.

Pan Asia Banking Corporation PLC Sub Division of Ordinary shares
Colombo Stoke Exchange [CSE] Today

Pan Asia Banking Corporation PLC Sub Division of Ordinary shares

Today Pan Asia Banking Corporation PLC announcement resolve by Board of Directors on 27th April 2011,
The Subdivision will be on 1:1 basis, which is one Ordinary Shares for every one Ordinary share exists.
Existing Ordinary shares: 147,520,543
Increase by: 147,520,543
Total: 295,041,086

The above Subdivision is subjective to the Approvals of shareholders in the Annual General Meetings.
Source: http://www.cse.lk/cmt/upload_cse_announcements/9501303985643_.pdf

Ceylon Tobacco Company PLC announced First Interim Dividend in FY 2011
Colombo Stoke Exchange [CSE] Today

Ceylon Tobacco Company PLC announced First Interim Dividend in FY 2011

Today 28th April 2011, the Ceylon Tobacco Company PLC announced the First Interim Dividend of Rs.4.20 per share(less withholding Tax).
This dividend is for the financial year of 2011, the Ex dividend date will be on 10th May 2011 and the payment will be on 20th May 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=381&symbol=CTC.N0000

Expolanka Holdings Limited Initial Public Offerings [IPO]
Places to visit in Srilanka

Expolanka Holdings Limited Initial Public Offerings [IPO]

Expolanka Holdings Limited Initial Public Offerings [IPO]
About Expolanka Holdings Limited
The Expolanka Holdings Limited is one of the well branded names in Srilanka, the Expolanka groups involved in various diversified businesses in local and foreign countries.
The Expolanka Groups having 46 companies as business units of its groups.
The Expolanka stared in 1978 as Expolanka (Pvt) Ltd and grow step by step in 2010 it reaches the level of 2500 employee and operate in 24nationalities.
About Expolanka Holdings Limited Initial Public Offerings [IPO]
Expolanka Holdings Limited IPO of 172,000,000 Ordinary Voting shares at Rs.14 per share to raise total funds of Rs.2.408 Billion.
Applications are opening to subscripted: 12th May 2011
Closure of subscription: on the day the issue is oversubscribed or 2nd June 2011; whichever is earlier.
The minimum subscription: 1,000 shares [Rs.14, 000] application in excess of 1,000shares should be multiples of 1,000 shares.

Allotment structure:
Application category No of shares issued % of IPO Shares issues
Employees 25,800,000.00 15%
Retail individual investor 68,800,000.00 40%
Unit trusts investor 17,200,000.00 10%
Non Retail investor 60,200,000.00 35%
Total 172,000,000.00 100%

Category
Retail individual investor: An application by an individual investor for a maximum of 3,000 shares of the company or value not more than Rs.100, 000.
Non-Retail individual investor: An application for more than 3,000 shares of the company or value more than Rs.100, 000 whichever is higher in value.
Basis of Allotment
If Unit trusts investor category is undersubscribed: First priority given to Retail investors in allotment to undersubscribed shares.
If Retail investor category is undersubscribed: First priority given to Unit trusts investor in allotment to undersubscribed shares.
If Employee category is undersubscribed: First priority given to Non-Retail investors in allotment to undersubscribed shares.
Non-Retail investor category is undersubscribed: First priority given to both Retail and Unit trusts investors in allotment to undersubscribed shares.

Relevant Parties to the issue
Lead Managers and Financial Advisor to the issue: John Keells Capital
Joint Managers and Financial Advisor to the issue: CT Capital (Pvt) Limited.
Bankers to the issue: National Development Bank PLC
Registrars to the issue: SSP Corporate Service (Pvt) Ltd.
Auditors to the issue: Ernst and Young

Objective of the Issue
1. Company will utilize Rs. 908 Million to reduce long term debt outstanding.
2. Enhance the working capital by Rs.1,000 Million
3. Utilizing Rs.500 Million to Expand the Exiting Warehouse capacity.

Number of shares to be listing in CSE
The Expolanka Holdings Limited gets approvals to listing of 1,954,915,000 shares in CSE Main Board.
Prospectus: http://www.cse.lk/270808/pdf/20_04_2011_EHL_Prospectors.pdf
Application: http://www.cse.lk/270808/pdf/20_04_2011_EHL_Application_form.pdf
Articles of Association: http://www.cse.lk/270808/pdf/20_04_2011_EHL_Articles.pdf

Source: Prospectus

Asian Hotels & Properties PLC announce First & Final Dividend
Colombo Stoke Exchange [CSE] Today

Asian Hotels & Properties PLC announce First & Final Dividend

Today 27th April 2011, Asian Hotels & Properties PLC announced the First and Final Dividend of Rs.2.00 per share for the financial year of 2010/2011.
The Ex Dividend date will be on 9th May 2011 and the Payment will be on 20th May 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=143&symbol=AHPL.N0000

Visvesvaraya Industrial & Technological Museum 3D Show
Places to visit in Srilanka

Visvesvaraya Industrial & Technological Museum 3D Show

In my recent trip to India I had a chance to watch a 3D movie at the Visvesvaraya Industrial & Technological Museum Bangalore.
The 3D was a good entrainment for the children’s and some of the senior citizens too. There are 7 3D shows per day the times as follows,
• 11.30 Am,
• 12.15 Pm,
• 01.45 Pm,
• 02.30 Pm,
• 03.15 Pm,
• 04.00 Pm,
• 04.45 Pm
The entrance fee for the 3D show is Rs.20 per person,
If the school organized groups Rs.10 per head

For more information
Tel: 0091 080 228 66 200
Director Office: 0091 080 228 64 114
Fax: 0091 080 228 64 009
Email: vitm@vsnl.com
www.vismuseum.org.in

Visvesvaraya Industrial & Technological Museum Bangalore India
Places to visit in Srilanka

Visvesvaraya Industrial & Technological Museum Bangalore India

In my recent visit in India, I had a chance to go Visvesvaraya Industrial & Technological Museum in Bangalore.
The Museum was a great experience for me, for the same time I had an opportunity to see a historical instruments and articles in it.
Especially the 3D show was amazing for children’s,
History of Visvesvaraya Industrial & Technological Museum
In 1960 Visvesvaraya Industrial & Technological Museum was built in Cubbon Park with a 40, 000 sq.ft building. In 1962 Indian Prime Minister Pandit Jawaharlal Nehru inaugurates the museum.
Opening hours of the Visvesvaraya Industrial & Technological Museum
Exhibition Hours: 10 am to 6 pm
Open all days of the year other than Ganesha Chathurthi and Deepavali.
Location
The Museum is located at Kasturba Road in the Sylvan Surroundings of Cubbon Park. It’s a 5 Km from the City railway station & Bus stand.
Bus Routes
No 23, 37 Pushpak, 150, 154, 155, 291, 293, 294C and 408.
Entrance fee
General Visitors: Rs.20.00
Student organized Group: Rs.10.00

The entry free for the Army, Navy, Air force and Police personnel in uniform and children below 5 years of age.
For more information
Tel: 0091 080 228 66 200
Director Office: 0091 080 228 64 114
Fax: 0091 080 228 64 009
Email: vitm@vsnl.com

Basis information from: www.vismuseum.org.in

Lanka Walltile PLC announced 2nd interim Dividend
Colombo Stoke Exchange [CSE] Today

Lanka Walltile PLC announced 2nd interim Dividend

Today 27 April 2011, the Lanka Walltile PLC announced its 2nd interim dividend of Rs.1.50 per share (Net of Tax) for the year ended 2010/2011.
The Ex dividend date will be 9th May 2011 and the payment will be on 20th May 2011.
1st interim Dividend
The 1st interim dividend announced 08th November 2010 of Rs.1.00 per share, and the dividend was paid on 29th November 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=67&symbol=LWL.N0000

East west Properties PLC rights are listing today
Colombo Stoke Exchange [CSE] Today

East west Properties PLC rights are listing today

Today 27th April 2011, East West Properties PLC announced the rights are listing today to the Colombo Stock Exchange.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=403&symbol=EAST.N0000

Commercial Credit Limited going to be listed in CSE
Places to visit in Srilanka

Commercial Credit Limited going to be listed in CSE

26th April 2011, the CSE announced that the Commercial Credit Limited in Principal applications has been approved by the CSE. In order to the Approvals the Commercial Credit Limited listing its 218,074,365 Ordinary Voting Shares to Diri Savi Board in order to Introduction.
The Copy of the introductory document will be available by the company to all members firm and the Trading members firm shortly.
Meaning of Introduction
Is a listing of the securities of an entity on the Exchange without the requirement of an IPO.
Source: http://www.cse.lk/cmt/upload_cse_announcements/7651303818253_.pdf

Shalimar (Malay) PLC announced First and Final Dividend
Colombo Stoke Exchange [CSE] Today

Shalimar (Malay) PLC announced First and Final Dividend

Today 26th April 2011, the Shalimar (Malay) PLC announced First and Final Dividend of Rs.14.00 per share. The Dividend is for the financial year end of 2010/2011.
The dividend announcement is subject to the shareholders approvals in Annual General Meeting on 3rd June 2011.
The Ex Dividend date will be on 6th June 2011 and the payment will be on 14th June 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=176&symbol=SHAL.N0000

Good Hope PLC announced First and Final Dividend
Colombo Stoke Exchange [CSE] Today

Good Hope PLC announced First and Final Dividend

Good Hope PLC announced First and Final Dividend
Today 26th April 2011, the Good Hope PLC announced First and Final Dividend of Rs.14.05 per share. The Dividend is for the financial year end of 2010/2011.
The dividend announcement is subject to the shareholders approvals in Annual General Meeting on 3rd June 2011.
The Ex Dividend date will be on 6th June 2011 and the payment will be on 14th June 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=309&symbol=GOOD.N0000

Indo Malay PLC announced First and Final Dividend
Colombo Stoke Exchange [CSE] Today

Indo Malay PLC announced First and Final Dividend

Indo Malay PLC announced first and Final Dividend
Today 26th April 2011, the Indo Malay PLC announced First and Final Dividend of Rs.10.60 per share. The Dividend is for the financial year end of 2010/2011.
The dividend announcement is subject to the shareholders approvals in Annual General Meeting on 3rd June 2011.
The Ex Dividend date will be on 6th June 2011 and the payment will be on 14th June 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=535&symbol=INDO.N0000

Selinsing PLC announced first and Final Dividend
Colombo Stoke Exchange [CSE] Today

Selinsing PLC announced first and Final Dividend

Selinsing PLC announced first and Final Dividend
Today 26th April 2011, the Selinsing PLC announced first and Final Dividend of Rs.20.60 per share. The Dividend is for the financial year end of 2010/2011.
The dividend announcement is subject to the approvals of the Annual General Meeting on 3rd June 2011.
The Ex Dividend date will be on 6th June 2011 and the payment will be on 14th June 2011.
Source: http://www.cse.lk/companiesprofile/announcments.htm?id=24&symbol=SELI.N0000

Srilanka Insurance Corporation Ltd Acquire 10% of Colombo Dockyard PLC
Colombo Stoke Exchange [CSE] Today

Srilanka Insurance Corporation Ltd Acquire 10% of Colombo Dockyard PLC

Srilanka Insurance Corporation Ltd Acquire 10% of Colombo Dockyard PLC
26th April 2011, Colombo Dockyard PLC announced to CSE that the Srilanka Insurance Corporation Ltd Acquire 10% of Colombo Dockyard PLC.
The shares are acquire as follows,
Srilanka Insurance Corporation Ltd (General Life) – 3,421,903 shares (5.000%)
Srilanka Insurance Corporation Ltd (Life Life) – 3,421,475 shares (4.999%)

Source: http://www.cse.lk/cmt/upload_cse_announcements/8331303815866_.pdf

Certificate Course in Taxation by AAT Srilanka
Professional Qualification

Certificate Course in Taxation by AAT Srilanka

Certificate Course in Taxation by AAT Srilanka
Association of Accounting Technicians of Srilanka [AAT SL] calls Applications for Certificate Course in Taxation. The course will be containing more detail of Taxation methods and the approaches.
Course fee: Members / Student of AAT Rs.10, 000.00
Others Rs.12, 500.00
Durations: 12 weeks [48 hours]
Days & Time: Sunday 8.30 am to 12.30 pm
Venue: AAT Center
Commencement: 8th May 2011

For more information
Course Coordinator
Tel: 011 2 559 669 or 011 2 595 857
Email: aatsltra@sltnet.lk

Website: www.aatsl.lk

Source: Daily news 26th April 2011.

Advance certificate in Tourism Operations by Open University of Srilanka
Bachelor or Undergraduate Degrees

Advance certificate in Tourism Operations by Open University of Srilanka

Advance certificate in Tourism Operations by Open University of Srilanka
Open University of Srilanka calls application for Advance certificate in Tourism Operations.
Entry requirement: Completed Level 2 programme of the OUSL or GCE OL in 6 Subjects with passes in English and Maths and 2 years work experience or higher qualification
Medium: English
Venue: At OUSL in regional of Kandy, Jaffna, Batticaloa, Anuradhapura and Matara.

Application form and details can be obtaining form 26th April to 31st May 2011 and Applications should handover on or before 31st May 2011.
For More information
Tel: 0777 447 261 or 0774 609 219
Email: lantra@sltnet.lk

Website: www.ou.ac.lk

Certificate Course on Diplomacy and international Relations 2011 – BIDTI
Professional Qualification

Certificate Course on Diplomacy and international Relations 2011 – BIDTI

Certificate Course on Diplomacy and international Relations 2011 – BIDTI
Bandaranaike International Diplomatic Training Institute calls Application for Certificate Course on Diplomacy and international Relations 2011.
The course is design for those preparing to join the Srilanka foreign services, Administrative service Defense Attaches, Army staff College, Law College, Public and private sector Employees, Member of Armed forces/ police, NGO officers , university graduates and school levers.
Duration: 4 Month
Lectures on: Monday, Tuesday and Wednesday
Time: 5.30 pm to 7.30 pm
Course commencement: 6th May 2011
Course Fee: Rs.24, 000 plus Rs.2, 400 for registrations.

Further more details,
Programme officer
BIDTI,
Suite 3G-07, BMICH,
Bauddhaloka Mawatha,
Colombo 07.
Tel: 011 2 682 109 / 011 2 682 110
Fax: 011 2 682 111
Email: bidtilk@gmail.com

Website: www.bidti.org

Source: Daily News 26th April 2011.

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