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Sri Lanka Equity Forum » Stock Market Talk » 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera

51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera

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Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
Ceylon FT: High net worth investor Dhammika Perera has offered to buy a 51% stake of Free Lanka Capital Holdings PLC for Rs. 2.8 billion, sources said. It is a transaction worth Rs 2,790 million for 697 million shares of the 1,368 million shares which constitutes the issued capital at Rs 4 per share, market sources told Ceylon FT yesterday. One of the reasons for the divestiture of the company...

is that the Free Lanka Capital Holdings was heading in different directions in the aftermath of the demise of the founder Kattar Aloysius and with the second and the third generations pulling the group in different directions and the staggering overnight drop in the post tax profits in a single year, they said.

Of the key shareholders of the company are Free Lanka Joint Venture Company (Pvt) Ltd which owns 54.68% of 767.6 million shares while Browns Investments PLC and Perpetual Holdings (Pvt) Ltd own 43 million shares each. One of the further salient points of the group's performance is that the turnover for the year ended 31 March, 2014 was increased to 4.6 billion from the Rs 4.2 billion a year ago, but the post tax profits between the years had nosedived from a billion rupees to Rs 25.6 million.

One of the key attractions of the Free Lanka Group is that it owns Maturata Plantations and partly owns Pussellawa Plantations and it is one of the largest wine importers in the country. They also said that the deal was going to be sealed by Ernst and Young, Chartered Accountants.

However, Dhammika and Free Lanka Capital Holdings PLC CEO Goddfrey Aloysius was not available for comment despite repeated attempts to contact them and all the call back messages. Dhammika's business partner Nimal Perera denied any knowledge of the proposed acquisition.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can we expect a price appreciation after the deal? At least upto RS 4/=

troy

troy
Moderator
Moderator
tomorrow FLCH DAY... one member hinted this before about this EY thing.. thanks machan Im loaded.. alien alien alien alien alien 

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Not only FLCH, But also BIL is going to get a good deal with this transaction to happen, It seems KDDP also wants a cup of tea as well. Very Happy 

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Can we expect a super turnaround for FLCH if acquired by KDDP ?

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@hettdas wrote:Can we expect a price appreciation after the deal? At least upto RS 4/=
Yes this would be very possible in the bull market like this, but in long run FLCH will be more valuable if it acquired by KDDP, cosidering his business empire.

troy

troy
Moderator
Moderator
@WildBear wrote:Can we expect a super turnaround for FLCH if acquired by KDDP ?

Are you working there? If not dont bother... buy now and sell when share runs on this news and super demand...

Dont love the company friend jst make sure you have a decent gain... this is not the market to love companies... Embarassed Embarassed Embarassed 

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics
You absolutely right Troy!!
Dont fall in love with companies. Don't be emotional, if you make a decent gain exit.!! And don't re enter for at least another 6 months.

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Sstar wrote:You absolutely right Troy!!
Dont fall in love with companies. Don't be emotional, if you make a decent gain exit.!! And don't re enter for at least another 6 months.

Agreed. But it's inevitable of little bit of emotion. So keep minimum number of shares of that emotional ones and sell most when you see the opportunity.

mark

mark
Expert
Expert
This would trigger a trading halt

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@troy wrote:
@WildBear wrote:Can we expect a super turnaround for FLCH if acquired by KDDP ?

Are you working there? If not dont bother... buy now and sell when share runs on this news and super demand...

Dont love the company friend jst make sure you have a decent gain... this is not the market to love companies... Embarassed Embarassed Embarassed 

I wasn't talking about trading opportunities, I just want to discuss how can this proposed acquisition affects the future. I have no plans to fall in love with a share, Which I didn't do during my past 12 years experience in CSE  Very Happy 

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@mark wrote:This would trigger a trading halt

This reminds me the REEF selling by KDDP during 2010, With the 10 % price band saga. Starting price reached the 10 % ceiling daily for consecutive days, Very Aggressive bull, Hope you can remember.  Smile 

NilangaG


Manager - Equity Analytics
Manager - Equity Analytics
This was last traded at 2.1. Any idea about what's going to happen tomorrow?

NZ BOY

NZ BOY
Moderator
Moderator
tomorrow will hit 2.50

NilangaG


Manager - Equity Analytics
Manager - Equity Analytics
@NZ BOY wrote:tomorrow will hit 2.50

Ok, then the first thing in the morning is to buy some Very Happy 

slmarket2


Manager - Equity Analytics
Manager - Equity Analytics
This will up 5

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Last few days we saw millions of this share traded. NAV of this share is above 4.00. I guess KDDP bid should be 4.00 or more, Let's see. IPO price was at 5.00.

sumudu.kumarasinghe


Stock Analytic
Stock Analytic
Look at buying .... Laughing 

keeper

keeper
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Some one is collecting big quantity on Rs2.30 Level

SHARK aka TAH

SHARK aka TAH
Expert
Expert
What is so worth BUYING FLCH above 2 Smile

Based on Valuation This can attract only below 2Rs.

Is there a hidden value ?

Has anyone done depp analysis on it......

SHARK aka TAH

SHARK aka TAH
Expert
Expert
@slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
July 27, 2014

High net worth investor Dhammika Perera has offered to buy a 51% stake of Free Lanka Capital Holdings PLC for Rs. 2.8 billion, sources said. It is a transaction worth Rs 2,790 million for 697 million shares of the 1,368 million shares which constitutes the issued capital at Rs 4 per share, market sources told Ceylon FT yesterday. One of the reasons for the divestiture of the company...


is that the Free Lanka Capital Holdings was heading in different directions in the aftermath of the demise of the founder Kattar Aloysius and with the second and the third generations pulling the group in different directions and the staggering overnight drop in the post tax profits in a single year, they said.


Of the key shareholders of the company are Free Lanka Joint Venture Company (Pvt) Ltd which owns 54.68% of 767.6 million shares while Browns Investments PLC and Perpetual Holdings (Pvt) Ltd own 43 million shares each. One of the further salient points of the group's performance is that the turnover for the year ended 31 March, 2014 was increased to 4.6 billion from the Rs 4.2 billion a year ago, but the post tax profits between the years had nosedived from a billion rupees to Rs 25.6 million.

One of the key attractions of the Free Lanka Group is that it owns Maturata Plantations and partly owns Pussellawa Plantations and it is one of the largest wine importers in the country. They also said that the deal was going to be sealed by Ernst and Young, Chartered Accountants.

However, Dhammika and Free Lanka Capital Holdings PLC CEO Goddfrey Aloysius was not available for comment despite repeated attempts to contact them and all the call back messages. Dhammika's business partner Nimal Perera denied any knowledge of the proposed acquisition.

Source - www.ceylontoday.lk/22-69052-news-detail-dhammika-mulls-rs-28b-deal.html

mark

mark
Expert
Expert
SHARK wrote:
@slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2


what is your valuation technique?

A2Z

A2Z
Manager - Equity Analytics
Manager - Equity Analytics
Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
SHARK wrote:
@slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2

I think you should explain why you can't value FLCH more than 2. Their net asset value also 4.69 . According to you DP doesn't have analytical knowledge than you .  Laughing 

Cricket Boy


Senior Equity Analytic
Senior Equity Analytic
@A2Z wrote:Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

නිකන් මෝඩයෙක් වගේ හැසිරෙන්න එපා A2Z මේ forum එකේ

Cricket Boy


Senior Equity Analytic
Senior Equity Analytic
@mark wrote:
SHARK wrote:
@slmarket2 wrote:This will up 5
Its better to sell if at all comes to sell.... But i am not sure its worth more than 2 or max 2.3.

For me what ever going on..... FLCH worth below 2


what is your valuation technique?

ඔයා කොහොමද එහෙම කියන්නේ මන් හිතන්නේ ඔයා Dhammika pererata වඩා වැඩෙක් වගේ .

කියන්න Dhammika pererata PCH buy කරන්න කියලා

A2Z

A2Z
Manager - Equity Analytics
Manager - Equity Analytics
@Cricket Boy wrote:
@A2Z wrote:Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

නිකන්  මෝඩයෙක්  වගේ  හැසිරෙන්න එපා A2Z    මේ forum එකේ

Ane palayan do yanna ************



Last edited by SHARK on Mon Jul 28, 2014 2:31 pm; edited 1 time in total (Reason for editing : A2Z Please behave your self)

econ

econ
Global Moderator
According to the account statements, NAVPS over 4.. so they have assets, currently trades low because low profitability in recent days.

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
So far Dhammika Perera never acquired any craps, and his usual pattern is to get controlling stake when ever possible. This was his practice for last 15 years if you analyzed carefully.

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
@A2Z wrote:
@Cricket Boy wrote:
@A2Z wrote:Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

නිකන්  මෝඩයෙක්  වගේ  හැසිරෙන්න එපා A2Z    මේ forum එකේ

Ane palayan do yanna xxxxxx

 lol!

SHARK aka TAH

SHARK aka TAH
Expert
Expert
A2Z You have to be nice when you comment.....
We are a Public forum ..... I hope you understand.....  Smile 

SHARK

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@econ wrote:According to the account statements, NAVPS over 4.. so they have assets, currently trades low because low profitability in recent days.

Yes. You are exactly correct. Their earnings are low these days. If DP buys he may have plans to improve earnings...

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It seems better to buy few 1K's. scratch

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Along with FLCH, better to watch HPFL as well, which is a subsidiary of FLCH. 2 weeks back , there was a small run up to 6.8. This share once trade above 21.00

NZ BOY

NZ BOY
Moderator
Moderator
FLCH collecting With fake Selling orders

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It doesn't seems like people reacting to the news.

Is that because it is not a fact or FLCH is not worth at this price.

However just in case if the deal goes through obviously it will do good to FLCH with Dhammika Pereras expertise.

Fingers crossed.

3851% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Empty Just saying.... on Wed Jul 30, 2014 10:54 am

pirate

pirate
Senior Equity Analytic
Senior Equity Analytic
Two things i want to highlight from a previous thread..

http://forum.srilankaequity.com/t12840-flch-nav-and-timber-stock-valuation?highlight=flch

1- Of course, the valuation of their timber stocks.
2- Most importantly, people wanted to see FLCH @5 since 2011


Happy trading pirat

Eng Krishantha

Eng Krishantha
Expert
Expert
bom bom bom bom 

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics
cheers 

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