27th January 2011, Lanka Ceramic PLC announced Colombo Stoke Exchange, the company announce interim dividend of Rs. 1.00 per share for the financial year of 2010/ 2011. The dividend payment will be on 18th February 2011.
About Lanka Ceramic PLC
The Lanka Ceramic PLC established in 1991 and quoted to cse 1993. The company is in the business of manufacturing tableware, sanitary ware, hotel and Ornamental ware and low – tension insulators for export and local markets. Retail trading in Ceramic and Allied Products.
Lanka Ceramic PLC has good enough opportunity to develop their businesses feather in terms of local and international market. Therefore it’s good to be expecting a good enough Dividend and the Capital gains from the Lanka Ceramic PLC shares.
To investing to Lanka Ceramic PLC in terms wise
good for short capital gains
good for the reasonable capital gains and dividend
very good opportunity to gain capital gain and good dividend
Tomorrow 27th January 2011, the PC House PLC 10% price band will be removing for trading. It means the PC House PLC share prices can be varying accordance to demand and supply of PC House PLC share.
As per My little knowledge the PC House PLC growing continually. There was some of downwards and the upwards in the market. But still the prices are going up further as per demand of the shares by the investors.
Even today 26th January 2011, the PC House PLC share Price is open at the price of Rs. 23.20 and close at Rs. 25.50. This is about 9.91% Increment from the opening price.
My expectation of PC House PLC tomorrow
I am expecting the PC house may show a more than 15% to 20% price increment tomorrow in CSE.
But this performance will be only certain level and I personally expect a market correct soon in Colombo Stoke Exchange [CSE].
Therefore my advice for the investor is to be carefully monitoring the market and be ready for the any changes [risks] in anytime.
Chemanex PLC announced Colombo Stoke Exchange, that the company pays Interim Dividend of Rs. 1 per share each.
The Dividend announcement is for the financial Year ended 2010/2011. The dividend will be paid 11th February 2011.
About Chemanex PLC
Chemanex PLC established in 1974 and quoted in the same year as well. The company is in the sector of Chemical & Pharmaceuticals.
The nature of business is manufacturing & marketing of Textile Auxiliaries, Pigments, Emulsions, Polythene and agro Based products; import Chemicals and Consignment sale agents.
The company’s position been a good and steady prices and the variations are lower comparability. The company’s beat against the ASI and MPI is more than 1. That’s mean the company share is a good choice to be invest in.
Today 20th January 2011, Dunamis Capital PLC announced to Colombo Stoke Exchange (CSE) that Janashakthi Limited has increased its holding to 21.32% with the acquisition of 1,271,300 shares of Dunamis Capital PLC on 20th January 201.
Dunamis Capital PLC @ CSE today
Today 20th January 2011. The company share is open at the price of Rs. 16.90. The initial order of the day starts with Rs. 17 per share and reduces Rs 9.50 by noon.
Comparatively it’s a downwards position in CSE, but as per the scope of the Janashakthi Limited it have a possibilities to grow in future.
As I believe this may be the good time for long term investors to invest and enjoying the Capital gains from Dunamis Capital PLC.
Sierra Cables PLC announced to Colombo Stoke Exchange: The joint Venture agreement with Free Lanka Capital Holdings worth of Rs.250 Million. This investment will be in two hotel projects in the leisure sector.
Sierra Cables PLC recent announcements
In the recent period Sierra Cables PLC announced it’s willing to invest on the hydro sector and leisure sectors. And Sierra Cables PLC has signed a MOU to supply of 2000Km of Ariel Bundle Cables (ABC) for the Iranian Funded Rural Electrification Project (RE-8). The value of the Project is about approximately Rs. 1 Billion. Therefore the expectations from the Sierra Cables PLC increase from the investor point of views.
And the last year end 31st December 2010. The company says its amalgamation with Alucop Cables PLC [Fully Own Subsidiary].
Colombo Stoke Exchange and today reaction
Sierra Cables PLC today open the day for trading by Rs. 5.60 and lead all time highest of Rs. 6.20[ highest price till traded] and day closed by Rs. 5.90
Today Sierra Cables PLC record reasonable number of share traded as 24.333 Million.
As per the market trend, I expect it will reach a minimum of Rs. 7.50 within 2 weeks.
While I am new to the market I just applied to Singer finance IPO with my side analysis and predictions. I request for 1000 shares, later the company allocated me for 500 shares according to their allotment scheme.
My expectations before singer finance come to market
I had a friend in office; who always talk about share market and the performance of the market. And he is the one motivator for me to enter Share Market as well.
While the time Colombo Stoke Exchange announced to the public it’s oversubscribed more than 120 times. According to the market trend I expect the singer finance can be double the price of its IPO price. And it can be a range between Rs. 30 to Rs. 35.
Even I expect the double I don’t having planned to sell those shares. And I like to look for a long term investment on it and enjoy the long term performance.
The first day of trading in CSE
17th January 2011, the singer finance listed in the main board of CSE. The first trading started with the price of Rs.35 per share. I didn’t have an idea to sell it even it prices reached 40’s.
But in 45 minutes time its reaching about 45 to 46 to be cleared, while I realized this may be good time to sell, so I called to my Investment advisor and told to sell singer finance shares at Rs.50 each.
In about 30 minutes the prices came down and the range was between Rs.41 to Rs.43. Therefore I call my investment advisor again and asked him to remove the sell order and said I like to keep it for long term.
After sometimes I refuse to see the market movement and see the price movement, but about 1.45pm I have a look on it. The market was about Rs.48 per share.
Then I again call to my investment advisor and told if you can sell the shares at the Price of Rs. 50.but I was not sure whether it will realized the day or after. But about 2.25 pm singer finance cleared the price of Rs.50.
Compare to the Price I earn a capital gain of 2.33 times of my investment. This is an absolute investment opportunity for Srilankan and foreign investors.
LANKEM CEYLON PLC [LCEY] announced Interim dividend of Rs.1 per share. This dividend announced for the financial year of 2010/2011.
Company further says the payment will be on 09th February 2011.
About the company
LANKEM CEYLON PLC established in 1964 and quoted on the year of 1970. Their natures of businesses are importers and Distributers of chemicals, namely agro- chemicals, industrial chemical, bituminous products, consumer products and paints.
The company is very well established and developed in industry in Srilanka.
Dividend Announcement and CSE trend
Today lankem share market starts at Rs. 294.50 and reaches all the time high of Rs. 316.60 after the announcement of interim dividend. As per CSE sources in the image clearly explain the growth of share price from the dividend announcement.
The dividend announcement is May not to affect the share market trends but it’s made a confidence of future development.
Today 17th January 2011. Singer Finance (Lanka) LTD listed to Colombo Stoke exchange main Board. As every investor expects the Singer Finance (Lanka) LTD was the king of the Colombo Stoke exchange today.
Singer finance issued Shares of 26,666,667 Ordinary voting shares at Rs.15 each. And it’s made a history in CSE with by Oversubscribed more than 120 times [approx 127.7 times].
Today is the day for Singer Finance
As per the today’s trade Singer finance started the first trade at Rs. 35 and reaches highest of Rs. 50.80 and close at Rs. 50 at the end of trading.
The start trading was about more of 233.33% higher than Initial Public offered price [Capital gain of 133.33%]. And the maximum reaches today were a 338.66% and absolute capital gains of 238.66% on the investment.
Quite a good points to note
Today singer Finance Share volume turnover is 21.2979 Million. Its 79.87% of the IPO shares have to transfer. And compare with the listed shares of 106.666667 Million Shares its 19.97% of trading.
This may be a good sign expected by some investor for long term performance for long term investors, the same time may be quick sale will get maximize the capital gain [238.66% without investment] for short term investors.
Therefore the singer finance shares are good for short term capital gains and long term performance as well.
Hope for future
There is a good hope and scope for the singer finance to perform well in future. So the investors do understand their position and trade their shares in future.
Today 17th January 2011. Sierra Cables PLC announced Colombo Stoke Exchange, the board of Directors of Sierra Cables PLC has decided to Diversify.
Further Company says they intention to invest in the hydro sector and looking a possibility of venturing into the Leisure sector as well.
Further company said they have signed a MOU to supply of 2000Km of Ariel Bundle Cables (ABC) for the Iranian Funded Rural Electrification Project (RE-8). The value of the Project is about approximately Rs. 1 Billion.
Today market and Future expectations
Sierra Cables PLC recently performs well in the market and it’s reaching the all time higher value of Rs.5.30. today the market starts with Rs. 4.70 and ends the day with Rs. 5.10.
The investors are expecting a definite share appreciation tomorrow due to this announcement. And the contact with Iranian Funded Rural Electrification Project (RE-8) will help Sierra Cables PLC to reaches the world class standards.
Today 14th January 2011, ODEL PLC Announced Colombo Stoke exchange to discloser of the Interim Dividend of Rs 0.25 per share.
Further it’s disclosing the Interim dividend for the financial Year of 2010/2011. The payment will be on 7th February 2011.
About ODEL and share trend
The odel, one of the company which made initial capital gains of 100%[more than 100%] in the first day of trading. The recent performance of the company and the stoke performance are good for the investors who looking for long term value additions.
My View of ODEL PLC
: Huge capital gains
: Reasonable capital gains
: Huge capital gains compare initial and medium terms.
Emagewise (Private) Ltd announced to Colombo Stoke Exchange (CSE) that it’s acquired 2, 009,140 Ordinary shares in Citrus Leisure PLC at a price of Rupees 86 per share on 11th January 2011.
As a result of acquisition, the offeror along with its subsidiaries and directors mentioned hold 14,826,010 shares of Citrus Leisure PLC, to the total of 31.42% of the voting shares.
Today’s Market reaction
Today 13th January 2011 the announcement made at 13.12. Even through the market reaction is not as expected on trading. But there is a slight variance of Rs.83.00 to Rs.91.00. the market indications show it decrease [11%] of share price from yesterday to today by Rs.10 cents [closing Prices].
But the capital gains are pretty reasonable for the investors as reaching all the time high Price of Rs97.00 in sooner.
In a real situation I don’t have any idea about the future of the company, but the Mandatory offer and the new management may boost the business.
The Board of Directors of Watapota Investment PLC has resolved to recommend a Rights Issue of Ordinary shares to the Shareholders of the company.
The company proposed to issue 25.1 Million [25, 162 800] shares as rights in the Proposition of 75 new ordinary shares for every 2 Ordinary shares held at the price of Rs.20 each. The total rights will be worth of Rs.503.256 Million.
Further the company stays the Primary objective of the Rights Issue is to raise capital for the company to carry out its planned investment activities.
In a minute difference Watapota Investment inform its get into Expo Lanka Holding Limited.
Nestle Lanka PLC announced the Interim Dividend of Rs. 12 per Share. The Announcement have made today in CSE. Its further stays this dividend for financial year of 2010. And the payment will be on 31st January 2011.
The market starts the Prices of Rs.648.30 and Close for the day as Rs.682.20. the share price increase by 5.23%. And the day ranges of Rs.675.00 to Rs.715.00.
Dividend and market reaction
The Dividend is approximately 1.76% of the share value [Closed Value]. It seems to be enjoying the Capital gain is better than the Dividend which announcement for Investor.
Therefore the Dividend announcement won’t affect the market to be changes in prices rather than it Performance.
The east west Properties boards of Directors have resolved to issue Share as Right issue.
The right of over 103 million issues [103,680,000] to existing share holders at a Price of Rs.10 each. The proportion will be on 3 new Ordinary Shares for every one existing share.
It’s further said; the Purpose of Fund raising is to Working capital of ongoing funding of East West properties PLC projects and builds a land bank of properties suited for the hospitality and leisure industry.
Today 07.01.2011 Panasian power (PAP) came to Colombo Stokes Exchange (CSE) as initial day after the IPO. As per the Expectation from the CSE, I personally expect it will be close first day at least of Rs.4, but the happy news is most of the investors are knew about the market trend and play a professional game.
Today market starts with initial trading of Rs. 3.80 and finally closed at 3.50. Today ranges reaches between Rs.3.50 to Rs. 4.00.
In compare to the bid and ask, ask (345,000 shares @ Rs.3.70) is more than a bid (203,700 shares @ Rs.3.60) at the time close the market, therefore we can expect a downside in Monday morning and may recover in evening as usual.
Weakness of today’s trading
In the first day Director of Panasian power Ltd Dr. Prathap Ramanujam sold his 350,000 shares at Rs.3.70.
After the announcement published that Dr. Prathap Ramanujam sold 350,000 shares at Rs.3.70, the investors had small panic about the Panasian Powers performance in future. Because there is some questions arise,
Did he sell it because to realized capital Gain of IPO (is this Maximum can reaches ever).
Did he sell it of his personal decision
But the trading was confused the small level investors, who expects the capital gain in short terms.
Hope PAP will go on
There is good enough hopes that PAP will perform well. And Srilanka is main electricity formation is Step is hydro power, and the announcement of Laugfs Hydro Power generations also will support the Panasian Power stokes to be steady and create confident to investors about Hydro power Industry.
So until there is good enough demand and cost efficiency from the Hydro power, Panasian power will survive.
Laugfs Gas Ltd Informed that Join ventured with Bharat Petroleum Corporation Ltd [BPCL] of India on 4th January 2011 to introduce metal cutting gas in Srilanka.
The Metal cutting gas will brand “Laugfs Bharat metal cutting gas” [LBMCG]. The initial agreement made with Bharat Petroleum Corporation Ltd [BPCL] to pay a Royalty fee of US$ 250 per Metric ton or part thereof on LBMCG sold under the license from Bharat Petroleum Corporation Ltd [BPCL]
Srilanka Cutting Gas Market
Cutting gas has a good demand from the constructions, companies which involve in heavy engineering, Colombo Dockyard and railway department and so on.
Laugfs Bharat metal cutting gas [LBMCG] Forecast
The current cutting gas demand is about 30,000kg per Month, and Laugfs focus on 50% market by end of 2011. This target can be achieved by their 11 island wide gas distributors and 1600 dealers.
And Laugfs focus to contribute their total turnover by 50 million from the metal cutting gas.
Share market effects
After the announcement made by the Laugfs Gas Ltd the investors expect to rapid improvement on share price, but the most of the investors are consider this is a functional decision making rather than a strategic decision making, Still the Prices are affordable to buy a good company which will perfume better in future.
Laugfs Gas announced yesterday evening that they get into Mini Hydro Power Project with the investment of Rs. 500 Million.
Still I personally recommend to people Laugfs will be one of the blue-chip company inSrilanka.