Can BRWN Go Up Further With Free-Lanka

Sure N Shot · 1 Can BRWN Go Up Further With Free-Lanka Tue Apr 12, 2011 2:14 pm

Sure N Shot

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Dear Forum Members,
Can BRWN Go Up Further With Free-Lanka on 18th ?
BRWN is one of the major share holders of Free Lanka.
BRWN - Excellent Profits, NAVPS and EPS
Please advice me. Thanks, Best Regards !

duke · 2 Re: Can BRWN Go Up Further With Free-Lanka Tue Apr 12, 2011 2:18 pm

duke

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was the last quarter earnings include a one time sell off? if i remember correct it was going at a PE ratio of around 18 when it was around 250.

econ · 3 Re: Can BRWN Go Up Further With Free-Lanka Tue Apr 12, 2011 5:09 pm

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yeah they are having one time sell off. wonder why many people buy at over 350?

mark · 4 Re: Can BRWN Go Up Further With Free-Lanka Tue Apr 12, 2011 6:00 pm

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yup they had a capital gain............

*The Group sold 5.7 Million voting shares held at Hatton National Bank PLC and realized a net gain of Rs.1.2 Billion. This gain will be accounted for in the quarter ending 31st December 2010. Subsequent to this disposal, the Group holds 13.2 Million shares in Hatton National Bank PLC.

*Lanka Orix Leasing Company Plc (LOLC) together with Browns Investments has acquired 20% stake each in Sierra Holdings and Sierra Constructions for Rs. 1.6 billion.
Sierra Holdings also owns 60% stake in the construction venture in addition to 58.1% in Sierra Cables and 51% in Agstar Fertiliser Ltd.
Sierra Construction is the market leader in telecom engineering as well as the water supply and drainage engineering sectors of the country. It also holds a major market share in civil electrical and road construction sectors.
“As in the case with the entry into the leisure sector early this year the LOLC Groups decision to enter this sector was primarily based on the expected growth in the construction sector fuelled by the post-war economic growth in the country,” LOLC said. It said the partnership with Browns will also benefit the Sierra Group by way of having access to innovative financial restructuring and efficient financial solutions.

*http://www.ft.lk/2010/10/29/lolc-browns-buy-20-stake-in-sierra-for-rs-1-6-b/
*they have good investment also..........

Sure N Shot · 5 Re: Can BRWN Go Up Further With Free-Lanka Wed Apr 13, 2011 12:20 am

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Thanks Mark. a good feedback. It seems that BRWN has sold few holdings, and then it has been reinvested. That is how your business should go ahead. It means BRWN has much potential in growing further. Probably, Econ and Duke are still collecting...Sorry, just bantering.