How is LCEM ?

sureshot · 1 How is LCEM ? Wed Jan 22, 2014 10:52 am

sureshot

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any news on Lcem ?
Hope the reports will be good this time or any merge Rolling Eyes

Gainer · 2 Re: How is LCEM ? Wed Jan 22, 2014 12:27 pm

Gainer

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I also hope Very Happy

Slstock · 3 Re: How is LCEM ? Wed Jan 22, 2014 12:32 pm

Slstock

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This company is not functional ( yet) . Maybe in the future.

But have they started operating for result to improve?

So you want a State company to merge ? With who?

sureshot wrote:any news on Lcem ?
Hope the reports will be good this time or any merge

Santa · 4 Re: How is LCEM ? Wed Jan 22, 2014 1:10 pm

Santa

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These are the information about LCEM.
So you can get an idea about its potential.

http://www.dailynews.lk/business/rs-15b-proposal-revamp-kks-cement-plant

And also try to do some research on your own, rather than speculating.

It has great potential I agree. Also we need to look at the collections going on etc.
That way you can get in early with stocks that are of value.

sureshot · 5 Re: How is LCEM ? Wed Jan 22, 2014 1:41 pm

sureshot

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Think we may soon see some play on LCEM Very Happy

yellow knife · 6 Re: How is LCEM ? Wed Jan 22, 2014 4:33 pm

yellow knife

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immediately after war there was a demand for this share. Sooner there will be operations in KKS , was the justification. Now its an old story. I think there are many performing companies than trying to give oxygen to a nearly dead... Any way if the opertions start back Lanka Cement can be evaluted with results. Till then we dont have any base to comment on this company

Jiggysaurus · 7 Re: How is LCEM ? Wed Jan 22, 2014 5:11 pm

Jiggysaurus

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sureshot wrote:any news on Lcem ?
Hope the reports will be good this time or any merge

One shot can we get it to merge with TFC?

jonta999 · 8 Re: How is LCEM ? Wed Jan 22, 2014 6:01 pm

jonta999

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Jiggysaurus wrote:

sureshot wrote:any news on Lcem ?
Hope the reports will be good this time or any merge

One shot can we get it to merge with TFC?

Santa · 9 Re: How is LCEM ? Wed Jan 22, 2014 7:09 pm

Santa

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Well something seems to be happening. A lot of trades going on.
As I remember there was quite high interest couple of years back and was trading around 30-40 Rs. This was mainly due to the fact that there was speculation that it was going to reopen.

Now there is renewed interest since the company has initiated a 1500 million project to start the company. Don't quite know the progress or details of this. So that is why it is important to keep track of the trades, activity etc.

Looking at where it is located and it's potential to supply especially the northern construction projects it can be a winner. But need to know the details.

But normally what happens is when we know the information it usually is far too late and the price might have flown off.

But invest wisely and do your own study to be sure on what you are doing.

Also from the CSE site these are the share holders as at september 2013

1 SRI LANKA CEMENT CORPORATION 108,361,891 62.450
2 SECRETARY,GENERAL TREASURY 22,246,000 12.820
3 PEOPLE'S BANK 10,898,000 6.280
4 BANK OF CEYLON 9,583,809 5.520
5 CEYLON PETROLEUM CORPORATION 5,000,000 2.880
6 E.THAVAGNANESOORIYAM 4,787,814 2.760
7 MR.HEWAGAMAGE 609,924 0.350
8 SRI LANKA INSURANCE CORP LTD 509,700 0.290
9 MR D.GANESAMOORTY 345,000 0.200
10 MR.RATNA GOPAL 250,000 0.140
11 HSBC INTL NON LTD-UBS AG ZURICH 241,000 0.140
12 SEYLAN BANK LIMITED 220,692 0.130
13 MR.RAJAPAKSA 200,000 0.120
14 MR.JAYAKUMAR 166,898 0.100
15 THIRUGNANASAMBANDAR SENTHILVERL 158,200 0.090
16 MR.M.E.A.A. PERERA 148,400 0.090
17 MR.SHRIMPTON 137,900 0.080
18 PEOPLE'S LEASING FINANCE PLC 130,800 0.080
19 MR.T.B.W.PERERA 129,200 0.070
20 MRS.ABDUL HUSEIN 127,500 0.070
TOTAL SHARES 164,252,728 94.66%