Today 7th January 2011, the Daily mirror has published news, which Amana Takaful (Maldives) Pvt Ltd applied to Maldives Stock Exchange (MSE) to listing MSE.
If the Application is accept the Amana Takaful (Maldives) Pvt Ltd will be the first Foreign owned company and Shariah Compliant company that listed in MSE. And this will be 5th company listed on MSE in addition to
Maldives Transport and Contracting Company PLC (MTCC)
Bank of Maldives PLC (BML)
State Trading Organization PLC(STO)
Maldives Tourism Development Corporation
In Colombo Stock Exchange the Amana Takaful PLC announced the clarification of Daily mirror article.
Its further says Amana Takaful (Maldives) Pvt Ltd is subsidiary (80% Holding) of Amana Global Ltd, which fully own subsidiary of Amana Takaful PLC.
And Amana Takaful PLC announced that, Amana Takaful (Maldives) Pvt Ltd submitted their Application to the Maldives Stock Exchange in order to list its existing shares in MSE. And Amana Takaful PLC will made necessary announcement to Colombo Stock Exchange (CSE) once Maldives stock Exchange approved the application of Amana Takaful (Maldives) Pvt Ltd
Hezbollah: Bayangarathin Mugavari is a Tamil Book published by the Kizhakku Publication. It’s a wonderful book to read and understand about Hezbollah.
Accidently I got this book 2 years ago in Town Hall Public Library, it was an amazing book to read and understand how they build up their networks and the administrations.
Few days ago I found this book again in Kotahena Public Library, I taken again to read. I think it’s better to publish the Book Review as well.
About the Book
The Hezbollah: Bayangarathin Mugavari made me more understandable and I personally learn a lot about the Hezbollah. Especially the writer Pa.Raghavan is grate to make readers to be more interesting in their subject.
The book is talk about,
How Hezbollah starts,
How they build up their activities,
How they form a arm group,
How their international network is,
How educated their heads are,
How they administrate their group,
How they support to Lebanon Government,
How Lebanon government is respect them,
Their view of Israel,
How they starts fighting with Israel,
How they plan their activities.
This book is real management book to read, as per my perspective the business is a real war or game. Therefore who is the one fight with the business will success and enjoy the profits.
Therefore I personally feel Hezbollah: Bayangarathin Mugavari will be a great management books to read.
The same time it does educate more about the international terrorism and how they developed their standard up to that level.
This Hezbollah: Bayangarathin Mugavari is a great opportunity for me to understand about Hezbollah, and their international activities.
And its educate more about the management skill such as,
Delegation of works,
Important of group activities,
How to manage a team,
How to attract public,
How to developed organization,
How to organized a event,
how they developed strategy with government,
How to get support from the public.
It’s a real a good books to read for India Rupees 60 or Srilanka Rupees 225 Or free of charge from Public Library.
Today 7th February 2011, the CIC Holding PLC announced Colombo Stock exchange that the company decided to pay dividend of Rs.0.75 per share the financial year end of 2010 / 2011.
The company decided to pay dividend on 25th February 2011.
About CIC Holding PLC
The Company established in 1964 and quoted in CSE the same year. CIC Holding PLC is in the business of the Manufacturing and selling of Agro chemicals, paints, and polythene & PVC Extruded products.
Today @ CSE
CIC Holding PLC traded Colombo Stock Exchange at ranges of Rs. 177.00 to Rs.202.00. still the company showing a good performance and investors are believe the company will performance better in future.
I personally feel, dividend announcement made the investors to be more confident on the CIC Holding PLC.
Today 2nd February 2011, the Colombo Stock Exchange announces, that Union Bank of Colombo Limited “the Company” offers for Subscription of 15 Million Ordinary Voting shares at the Price of Rs. 25 each. The total subscriptions will be Rs. 375 Million.
The Union Bank of Colombo Limited “the Company” prospectus will be available on 10th February 2011 in relevant member firms / trading members. The opening date for thee subscription will be 24th February 2011.
A financial Advisor and joint manager to the offer is NDB Investment bank Limited and Joint Managers to the offer is Acuity Partners (private) limited.
The register to the offer is P W Corporate Secretarial (Pvt.) Ltd
Today 02nd February 2011, The Housing Development Finance Corporation Bank (HDFC) announced Colombo Stock Exchange (CSE), the company has declares the final Dividend of Rs.5.00 per Share for the year ended of 2010.
The KIK Cola is one of the elephant house cola range recently introduced to Srilankan market. Currently KIK cola may be in position of 3rd or 4th in Cola market.
Currently Elephant house is the leaders of the soft drinks markets, and currently they focus on the KIK cola to be leader in cola ranges in Srilanka.
KIK Cola taste on my View
Unfortunately I don’t like cola products, even if u drink I feel hesitate while drink that. Recently I had a chance to drink KIK cola and see the taste. I felt the taste is pretty same as Pepsi cola and sweetness too.
But Coca-Cola is a unique taste which only cola taste than the sweetness with cola.
But I hope the KIK Cola will reach market leader, if they change following strategies,
Reduce sweetness and maintain cola taste.
New bottle design and price strategy
Benchmark the Coca cola and Pepsi to develop the great taste.
Identifying new market opportunity in foreign countries
Improve distribution channels locally and internationally
Continue the youthful advertisements
Sponsors for youth meetings and fast food restaurants
Improve sales promotion
Whatever it is KIK Cola will success because of cost benefit analysis.
28th January 2011, the People’s Leasing Finance PLC announced Colombo Stock Exchange, that the company declares the Interim dividend of Rs.0.50 per share.
The dividend for the year ended 2010/2010. The payment will be made 22nd February 2011 as open book share transfer.
About the People’s Leasing Finance PLC
People’s Leasing Finance PLC is established in 2000 and quoted in Colombo Stock Exchange at 2005. The company is in the business of leasing movable and immovable properties.
28th January 2011, the Royal Ceramics (Lanka) PLC and Mr.K.N.Dhammika Perera announced a Mandatory Offer to Purchase remaining ordinary shares of Hayleys PLC
Stake of Mandatory Offer to by Hayleys PLC
27th January 2011, Royal Ceramic purchases 161,272 shares at the Price of Rs.380.00 per share. By full filling of 30% of shares held, therefore the offeror should make a Mandatory offer to Purchase the Balance 52,489,773 shares issued by Hayleys at the price of Rs. 380.00 per share.
No of Ordinary Shares
Royal Ceramics (lanka) Plc
as at 26th January 2011
27th January 2011
as at 26th January 2011
LB Finance PLC
as at 26th January 2011
Even the Document published in Colombo Stock exchange at the time of 16.22 on 28/01/2011.
The Market closed the 28th January 2011 at the Price of Rs. 395.00 per shares. Therefore no one will sell their shares at the price of Rs. 380 per share, to compel the offer.
But there is possible increment shows in Hayleys PLC share price on Monday. The trend may have a chance to continue till about 1 to 2 weeks.
As I hear about Mr.K.N.Dhammika Perera, there will be good profits and capital gains can be expected by investors for all the periods of short, medium and long terms.
28th January 2011, the Sampath Bank PLC announced to Colombo Stoke Exchange, the board deiced to Introduce Employee Share Option Plan [ESOP] for 2011 conditional upon the bank achieving certain performance criteria for 2011.
Under proposed ESOP 2% of new shares will be created [3,056,159] and offered to the eligible staffs upon achieving their set targets. The offer price would be weighted average price of last week of January 2011, and discount of 10%.
The vesting period of the ESOP will be from 1year after the offer date of 1st April 2011 and end on 1st April 2012. The option exercisable period will be 3 years from 1st April 2012.
Benefits of Employee Share Option Plan [ESOP] and market reaction
The Employee Share Option Plan [ESOP] will be a one of the staff motivational approach followed by the listed companies. This approach may help the Company to improve the Company performance, by creating the staffs to be an owner of the business.
The trend of the Employee Share Option Plan [ESOP] is seems to be like rights issue, but with certain rules and regulations about trading. Therefore market will show a slight trend of share price reduction cause of ESOP, but it will be only for short term trend and will picks up again.
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.
The company announced to Colombo Stoke exchanges the following details
Number of shares applied 20,378,700
Value of the shares applied 815,148,000
About The Finance Company PLC IPO
The Finance Company PLC announced to IPO 40 Million Ordinary voting shares at the price of Rs.40 per share.
The objective of the IPO is to be
To broad base the share ownership of the company
To increase the capital base of the company
To obtain long term funds for future expansion, especially to expand the hire purchase, leasing, pawning and real estate business.
The Finance Company PLC had a bad track record of the bad financial position in 2008. And their objective of fund raising is not clear enough to the investor to know, what the expantion there are going to do are.
As per today announcement the subscription of the Finance Company PLC is about the 51% of their IPO. And the investors were not interested to taking a risk investing in the Finance Company PLC.