Category Archives: NEWS

Chemanex PLC Announced interim Dividend
Colombo Stoke Exchange [CSE] Today

Chemanex PLC Announced interim Dividend

Chemanex PLC Announced interim Dividend
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.
My view
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.

Janashakthi Limited Acquisition of 21.32% of Dunamis Capital PLC
Colombo Stoke Exchange [CSE] Today

Janashakthi Limited Acquisition of 21.32% of Dunamis Capital PLC

Janashakthi Limited Acquisition of 21.32% of Dunamis Capital PLC
About
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.
My Believes
As I believe this may be the good time for long term investors to invest and enjoying the Capital gains from Dunamis Capital PLC.

Source: http://www.cse.lk/cmt/upload_cse_announcements/7451295522564_.pdf

Sierra Cables PLC Joint Venture with Free Lanka Capital Holdings
Colombo Stoke Exchange [CSE] Today

Sierra Cables PLC Joint Venture with Free Lanka Capital Holdings

Sierra Cables PLC Joint Venture with Free Lanka Capital Holdings
About
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.

Source: http://synergyy.com/2011/01/sierra-cables-plc-diversification-and-new-projects/
http://synergyy.com/2011/01/sierra-cables-merge-with-alucop-cables-plc/
http://www.cse.lk/cmt/upload_cse_announcements/7901295513977_.pdf

My Personable experience with singer Finance (Lanka) Ltd
Colombo Stoke Exchange [CSE] Today

My Personable experience with singer Finance (Lanka) Ltd

My Personable experience with singer Finance (Lanka) Ltd
About
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.
My Profits
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 announced interim dividend
Colombo Stoke Exchange [CSE] Today

LANKEM CEYLON PLC announced interim dividend

LANKEM CEYLON PLC announced interim dividend
Dividend announcement
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.

Singer Finance (Lanka) LTD First day of Trading
Colombo Stoke Exchange [CSE] Today

Singer Finance (Lanka) LTD First day of Trading

Singer Finance (Lanka) LTD First day of Trading
About
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.

Source: http://synergyy.com/2010/12/singer-finance-ipo/
http://synergyy.com/2010/12/singer-finance-ipo-oversubscribed-by-120-times/
http://www.cse.lk/cmt/upload_cse_announcements/9241294826668_.pdf
http://www.cse.lk/companyprofile/home.htm?id=1785

Sierra Cables PLC diversification and New Projects
Colombo Stoke Exchange [CSE] Today

Sierra Cables PLC diversification and New Projects

Sierra Cables PLC diversification and New Projects
Today 17th January 2011. Sierra Cables PLC announced Colombo Stoke Exchange, the board of Directors of Sierra Cables PLC has decided to Diversify.
Diversification
Further Company says they intention to invest in the hydro sector and looking a possibility of venturing into the Leisure sector as well.
New Developments
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.
Source: http://www.cse.lk/cmt/uploadAnnounceFiles/3641295263885_685.pdf

Cargills (Ceylon) PLC announced Interim Dividend
Colombo Stoke Exchange [CSE] Today

Cargills (Ceylon) PLC announced Interim Dividend

Interim Dividend
Today 17th January,2011. Cargills (Ceylon) PLC announced Colombo Stoke Exchange a Interim Dividend for the Financial Year of 2010/2011.

The dividend worth of Rs 0.50 per Share and payment will be paid on 07th February 2011.

Source: http://www.cse.lk/companiesprofile/announcments.htm?id=551&symbol=CARG.N0000

Today’s Trade and confident of Cargills (Ceylon) PLC
Today the day ranges of the shares with about Rs.199 to Rs.204.50. and the trade started with Rs.202.40 and close the day by Rs.201.00.

It seems a 0.69% downward movement from the beginning. But the Share price capital gains are much better for the Cargills (Ceylon) PLC than their Dividend announcement.

Even through the dividend announcement is made confident to shareholders about the company’s performance and market trends.

ODEL PLC Announced Interim Dividend
Colombo Stoke Exchange [CSE] Today

ODEL PLC Announced Interim Dividend

ODEL PLC Announced Interim Dividend
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

Mandatory offer for Citrus Leisure PLC by Emagewise (Private) Ltd
Colombo Stoke Exchange [CSE] Today

Mandatory offer for Citrus Leisure PLC by Emagewise (Private) Ltd

Mandatory offer for Citrus Leisure PLC by Emagewise (Private) Ltd
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.
My view
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.
Source: http://www.cse.lk/cmt/upload_cse_announcements/8391294908401_.pdf

Singer Finance (Lanka) Limited “the Company” Listing on 17th January 2011.
Colombo Stoke Exchange [CSE] Today

Singer Finance (Lanka) Limited “the Company” Listing on 17th January 2011.

Singer Finance (Lanka) Limited “the Company” Listing on 17th January 2011.
The Singer Finance (Lanka) Limited announced in CSE, the Singer Finance would be listed on Main Board of the CSE under classification of Banks, Finance and Insurance Sector on 17th January 2011.
Type of Shares : Ordinary Voting Shares
Security Code : SFIN.N.000
Total Number of Shares to be listed :106, 666,667
Date of List :17th January 2011

Source: http://www.cse.lk/cmt/upload_cse_announcements/9241294826668_.pdf

New Price Band in Colombo Stoke Exchange
Colombo Stoke Exchange [CSE] Today

New Price Band in Colombo Stoke Exchange

New Price Band in Colombo Stoke Exchange
CSE announced 10% Price Band to another 2 stokes in addition to PC House Voting share of PCH.N.0000.
Meaning of 10% Price band
The 10% Price band is where the Price of that Particular share can be Vary within the 10% of the Prices of Up or down for the day’s trading.
For example
Today, PC House Price starts up with Rs.17.60 and the Price Increase by 10% from it and close the day by 19.30. And the price reduction also can be only within the limits of 10%.

The new Price bands are applied for the Following Security or Stokes.
1. Citrus Leisure PLC warrants 19 [REEF.W.0019]
2. Laugfs Gas Limited Non Voting share [LGL.X.0000]
3. PC house Voting share [PCH.N.0000]
All of the above Stokes are recently Perform well in the market, but there is a bit question its self whether there is a manipulations in it.
As we see the Graphs which snap shot from the CSE website, its clear there is bit of manipulations happen continually.
But its duty of the respective shares to be proves that their Prices are correct according to the market.

Watapota Investment Right issue
Colombo Stoke Exchange [CSE] Today

Watapota Investment Right issue

Watapota Investment Right issue
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 Dividend Announcement
Colombo Stoke Exchange [CSE] Today

Nestle Lanka PLC Dividend Announcement

Nestle Lanka PLC Dividend Announcement
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.
Today’s market
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.

East West Properties PLC Right Issue
Colombo Stoke Exchange [CSE] Today

East West Properties PLC Right Issue

East West Properties PLC Right Issue
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.

Laugfs Gas LTD diversifies into Hydro Projects
Colombo Stoke Exchange [CSE] Today

Laugfs Gas LTD diversifies into Hydro Projects

Laugfs Gas LTD diversifies into Hydro Projects
About
Laugfs Gas Ltd announced in CSE, the Laugfs Gas Ltd Decided to invest Rs.500 Million in Mini Hydro power Projects.
This Hydro Power projects will fully own subsidiary of Laugfs Gas Ltd. This Project will be carried out at Ranmudu Oya , in Imbulpe Pradeshlyasaba in Balangoda.
Diversification and Share market reactions
This announcement made By Laugfs Gas, soon after their First Announcement of Laugfs Bharat Cutting Gas.
These kinds of new news will keep more confident to the investors that Laugfs Gas investment is one of the good decision they made.
The share prices also to be gradually increasing from the Points of Announcements. So we can expect some other good news from Laugfs Gas as well.
As I said in my first Article about Laugfs Gas share Prices, still I feel that will works,
http://synergyy.com/2010/12/laugfs-gas-%e2%80%93-laugh-smile-or-cry/
“As per My perspective
Laugfs Gas Limited listed
Today- short term investors – CRY [Past]
Medium term- the investors who not willing to sell in Medium Term- SMILE [Now],
Long term- investors who are look for long term – LAUGH.”

Sierra Cables merge with Alucop Cables PLC
Colombo Stoke Exchange [CSE] Today

Sierra Cables merge with Alucop Cables PLC

Sierra Cables merge with Alucop Cables PLC
Sierra cable PLC announced the completion of amalgamation with Alucop Cables PLC [Fully Own Subsidiary]. The company said the effective date of Amalgamation was December 2010.
The Amalgamation will increase the confidence to the investors to feather invest on Sierra Cable PLC.

Panasian Power Limited (PAP) first day trading in Colombo Stoke Exchange (CSE)
Colombo Stoke Exchange [CSE] Today

Panasian Power Limited (PAP) first day trading in Colombo Stoke Exchange (CSE)

Panasian Power Limited (PAP) first day trading in Colombo Stoke Exchange (CSE)
About
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.
Source:-
1) http://www.cse.lk/cmt/uploadAnnounceFiles/4511294383616_1040.pdf
2) http://www.cse.lk/welcome.htm

Laugfs Gas Ltd Join ventured with Bharat Petroleum to innovate metal cutting gas in Srilanka.
Colombo Stoke Exchange [CSE] Today

Laugfs Gas Ltd Join ventured with Bharat Petroleum to innovate metal cutting gas in Srilanka.

Laugfs Gas Ltd Join ventured with Bharat Petroleum to innovate metal cutting gas in Srilanka.
Introduction
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 in Srilanka.

Colombo Stoke Exchange [CSE] Implement Price band on PC House Voting shares (PCH.N.0000).
Colombo Stoke Exchange [CSE] Today

Colombo Stoke Exchange [CSE] Implement Price band on PC House Voting shares (PCH.N.0000).

Colombo Stoke Exchange [CSE] Implement Price band on PC House Voting shares (PCH.N.0000).
As everyone expected the Price of PC House Voting share arise rapidly yesterday and Day before yesterday. Which was reaches the all the time highest of Rs 16.80 of PC House trading History. As everyone see there is enough possibility to happening a manipulations and generated quick short term Profits by Manipulators.
Therefore the Colombo Stock Exchange has applied the 10% price band to PC House Voting shares. This Band implemented from 05.01.2011. To 26.01.2011.
This band will allow the market to be Perform Up site or Down site by 10% from the previous day Closing Price.
For example PC house pervious day Price closed at Rs. 16.10. The Trading range can be a range of Rs 14.50 – Rs.17.70. today the Market Close at Down by 10% & closed at Rs.14.50
Source: – http://www.cse.lk/cmt/upload_cse_announcements/521294223476_.pdf
“Until you feel market as friend, you can’t get anything from Him or her”

Panasian Power Limited – Open for Trading on 7th January, 2011.
Colombo Stoke Exchange [CSE] Today

Panasian Power Limited – Open for Trading on 7th January, 2011.

Panasian Power Limited – Open for Trading on 7th January, 2011.
Panasian Power Limited recently issued a 200 Million of Shares as Initial Public Offering at the Price of Rs 3. Last 16th December the Panasian Power Limited allocate the share allocations [http://synergyy.com/2010/12/panasian-power-limited-ipo-share-allotment/ ]
Today January 2011, CSE announced the Panasian Power list on Main Board with the classified of Power and energy Sector: on 7th the January 2011.
The Security of Code : – PAP-N-000
Total no of shares to be listed : – 500,000,000.
Source: – http://www.cse.lk/cmt/upload_cse_announcements/5401294200480_.pdf

Is PC House is good to be Invest?
Colombo Stoke Exchange [CSE] Today

Is PC House is good to be Invest?

Is PC House is good to be Invest?
The PC house PLC was a Bad Performer in Colombo Stoke Exchange in Previous Months; the Price of the share was reach Rs. 8.50 per share which issued at Rs.12 per Share [IPO].
The recent Performance of the PC house is pretty well according to the market Perceptions on the IT sectors and new Budget Proposal of Srilankan Government. Today 03.01.2011 share price is started from Rs 11.30 and reaches Rs 13.80 and finally closed the Day by Rs. 13.40 per share. [Please find the attach Picture, Snapshot from of www.cse.lk]
As a common perception of the market the PC house having a probability of Reach Rs. 20 to Rs 25 in near future.
For a long time there is a good enough future to reach Rs. 50 per Share. Therefore this Investment is better for long term Perspective than the Short term Focus.
But whatever happens Colombo Stoke Exchange is trading with Predictions rather than the Performance. The best advice to the investors are to not to invest all their saving to the share market.
Final Conclusion
For Short term – Yes, it’s good for immediate capital gains.
For Long term – Yes, its’ depends on their Adoptability of IT sectors changes and Satisfaction of PC House Customers.
“Better Diversification, better the Life”
• This is not a Person advice for anyone; it’s just an observation of the market.

Singer Finance (Lanka) Limited Share Allocations or Allotment.
Colombo Stoke Exchange [CSE] Today

Singer Finance (Lanka) Limited Share Allocations or Allotment.

Singer Finance (Lanka) Limited Share Allocations or Allotment.
Today December 24, 2010.Singer Finance announced the share allotment for the Initial public offering [IPO]
Basics of allotment of public Category of share allotments
Applications up to and inclusive of 500 shares 100% of shares applied
Applications over 500 shares but less than and inclusive of 5,000 shares A minimum allotment of 500 shares, Plus 5.00% of shares applied over and above 500 shares rounded to the nearest 100 shares
Applications over 5,000 shares but less than and inclusive of 50,000 shares A minimum allotment of 700 shares, Plus 2.00% of shares applied over and above 5,000 shares rounded to the nearest 100 shares
Application over 50,000 shares A minimum allotment of 1,600 shares, Plus 0.38085% of shares applied over and above 50,000 shares rounded to the nearest 100 shares

Employee Category and share allotments
Applications up to and inclusive of 25,000 shares 100% of shares applied
Application over 25,000 shares A minimum allotment of 25,000 shares, Plus 2.15% of shares applied over and above 25,000 shares rounded to the nearest 100 shares

Revision of the Composition of the Milanka Price Index [MPI] for 1st half of 2011
Colombo Stoke Exchange [CSE] Today

Revision of the Composition of the Milanka Price Index [MPI] for 1st half of 2011

Revision of the Composition of the Milanka Price Index [MPI] for 1st half of 2011

Colombo Stoke Exchange [CSE] Milanka Price Index [MPI] Compositions form 3rd January 2011 to 30th June 2011 [1st half of 2011]
Banks, Finance & Insurance
• Commercial Bank of Ceylon PLC
• DFCC Bank
• Hatton National Bank PLC
• Janashakthi Insurance PLC
• LB Finance PLC
• Merchant Bank of Srilanka PLC
• National Development Banks PLC
• National Trust Bank PLC
• Pan Asia Banking Corporation PLC
• Sampath Bank PLC
• Seylan Bank PLC
Health Care
• Nawaloka Hospitals PLC
Beverages, Food & Tobacco
• Distilleries Co. of Srilanka PLC
Investment Trusts
• Environmental Resources Investment PLC
Diversified
• Hemas Holdings PLC
• John Keells Holdings PLC
• Richard Pieris PLC
Land & Property
• Overseas Realty (Ceylon) PLC
Manufacturing
• Chevron Lubricants Lanka PLC
Chemical & Pharmaceuticals
• Chemical Industries (Colombo) PLC
Telecommunication
• Dialog Axiata PLC
Trading
• Brown & Co. PLC
Hotels & Travels
• Asian Hotels and Properties PLC
• Galadari Hotels (Lanka) PLC
• John Keells Hotels PLC

Source: – http://www.cse.lk/cmt/upload_cse_announcements/61292995879_.pdf

Why Singer Srilanka PLC [SINS.N0000] Share Price Reduced
Colombo Stoke Exchange [CSE] Today

Why Singer Srilanka PLC [SINS.N0000] Share Price Reduced

Why Singer Srilanka PLC [SINS.N0000] share price reduced
Introduction
As an investor and follower of CSE, my argument is.
Every investor in Colombo Stock exchange is expecting the Singer Finance IPO. In the mean time Singer Srilanka PLC reaches low transaction price of Rs 170.00 from 189.00[As previous closing]
Today’s Rs.170 was lowest price during this year transactions.
Is there any reason for it?
Market Correction
This price reductions can be a market correction, the CSE was reaches a highest selling positions during the last 2 months. So the investors are expecting there will be a Market correction in near future.
Therefore most of them are considering this as a market correction, but it’s not. If it’s a market correction the whole the market should be affect.
Therefore accepting the market adjustment is depending on their personal.

Manipulating the market
There are some reasons for the argument of Manipulations,
• To get weaken position to the Singer Finance IPO
By manipulating the Singer Srilanka shares, will lead the investors to not to attract to singer Finance IPO which opens tomorrow.
• The number of shares traded today,
The number of shares traded today is about the 1000; therefore making decision with the few shares may be lead wrong decision.
• Today price is the lowest price in the year of 2010.
The price indicates as Rs.170; is a lowest price in the year. The share trading today may lead use to misunderstand the investor and unattractive to the Singer Finance IPO.

As per My Points of View this can be a manipulation cause,
This trend can be continued to tomorrow as well to affect Singer Finance IPO of 15th December [tomorrow].

LAUGFS GAS – LAUGH,SMILE OR CRY
Colombo Stoke Exchange [CSE] Today

LAUGFS GAS – LAUGH,SMILE OR CRY

Introduction

Laugfs Gas Limited listed in Colombo Stoke Exchange [CSE] today as First day. Laugfs Gas Limited issued 75 million voting ordinary shares at Rs. 23 each and the shares are oversubscribed by 20.2 times.

Is LAUGFS Makes CRY short term Investors?

Today most of the Laugfs Gas Limited investors [short term] are expecting a higher opening price, likely double the rate [RS.46] of share value [Rs.23]. Most of the investors argued similarities of the opening day of ODEL and today’s Laugfs.

But from the opening, all the short term investors’ are understood their short term expectation won’t satisfy today.

Can Smile?

Only argument to smile the Laugfs Gas Limited investors are, the total share volume trade today is 30.81 million. Therefore it’s acceptable most of the investors are holding their shares for long term perspective than a short term. Therefore there will be a good future for Laugfs Gas Limited [expected] in long term or immediate medium term.

Is it possible to Laugh?

There is a good enough possibility to laugh. The investors who holding the shares for long term, the argument is, most of the companies long term performance is good if compare the initial listed day.

And the share market is not a casino to see immediate money, if anyone use it as casino it will take back all like cash generate as like casino.

Therefore be professional and be use share market as a capital investment market. Therefore share market won’t cheat anyone any more.

As warren buffett says” feel share market as your friend”

As per My perspective

Laugfs Gas Limited listed

Today – short term investors – CRY

Medium term – the investors who not willing to sell in Medium Term- SMILE,

Long term – investors who are look for long term – LAUGH.

Is Litro gas [Shell Gas] can successful in future?
Business News

Is Litro gas [Shell Gas] can successful in future?

Today November 03, 2010, the shell Gas Lanka signed an agreement with Srilankan government to sell 51% of shake for US$ 63 million. While the government gets the power of control, its change the name of Shell Gas Lanka to Litro Gas.

As management student I am analyzing the usefulness of the brand name changes,

The Strengths’ of the new Brand name [Litro Gas]

Widely distribute Litro Gas in overall Srilanka with more distributional centers,
New pricing strategy and possibility of reduction in Gas Prices,
Be monopoly distribution in Gas at affordable price,
Providing a better management style as the locals need,
New marketing strategies,
Loyalty service from the government services,
Special regulations for price setting and avoidance of less sudden price increments,
Weakness of the new Brand name [Litro Gas]

May incurred huge cost for new brand development.
Loosing of multinational brand name.
Loosing of better management styles [ subjective and conditions apply ]
High risk of competitions from the Laughs gas.
The relationship with the mother company of Royal shell Gas, Netherlands.
How the market will be react with government services,
How the quality of services,
But whatever it is changing of the brand name and the controls creates a hope to the people to reduction in Gas prices in soon. And if the srilankan government is hoping to serve better services to public is greatly appreciate by public.

Damro Showrooms and Contact details
Business News

Damro Showrooms and Contact details

DAMRO srilanka’s 53 showrooms contact details and the successful story behind the damro customer service and the supply-chains.
Damro is a godfather of srilankan supply-chain history.

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