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

SHARK aka TAH

SHARK aka TAH

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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

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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

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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

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Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

hettdas

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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

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A2Z wrote:Ane me nikan pala pala do yanna nikan boru kiyanne nathuwa.

නිකන් මෝඩයෙක් වගේ හැසිරෙන්න එපා A2Z මේ forum එකේ

Cricket Boy

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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

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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

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

WildBear

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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

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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

SHARK aka TAH

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

SHARK

hettdas

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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

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It seems better to buy few 1K's. scratch

WildBear

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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

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FLCH collecting With fake Selling orders

san1985

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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.

pirate · 43 Just saying.... Wed Jul 30, 2014 10:54 am

pirate

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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

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shadow walker

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Top Trader

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How many of you bought based on this paper article and dreaming?

troy

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Top Trader wrote:How many of you bought based on this paper article and dreaming?

certainly i did.... why??? any thing wrong?

Top Trader

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troy wrote:

Top Trader wrote:How many of you bought based on this paper article and dreaming?

certainly i did.... why??? any thing wrong?

Nothing wrong, if you can hold it for a long period.

If you note the next day to the announcement, this share traded like nothing and went to even 2.40, because of the news, now even trading at 2.10

WildBear

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I smell an organised collection going on

econ

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FLCH can wake up suddenly just like the way CIFL did earlier.

stockboy

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FLCH BIL SINI REG MHDL YORK MBSL will move very soon

NZ BOY

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YORK and MBSL all ready started to move Very Happy

dineshfernando

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Neither party rejected this news which means something pending.

When DP takes it over FLCH will be a gem.

NZ BOY

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Dhammike perera buy or not FLCH Good time to enter

i think

lakmal87

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NZ BOY wrote:Dhammike perera buy or not FLCH Good time to enter

i think

Yes..i also think :-)

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

26 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 10:05 am

SHARK aka TAH

27 Dhammika mulls Rs 2.8 Bn deal for 51% Free Lanka Capital Holdings (FLCH) Mon Jul 28, 2014 11:46 am

DealKing

28 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 12:48 pm

mark

29 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 12:59 pm

A2Z

30 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 1:08 pm

hettdas

31 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 1:15 pm

Cricket Boy

32 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 1:23 pm

Cricket Boy

33 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 2:02 pm

A2Z

34 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 2:10 pm

econ

35 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 2:10 pm

WildBear

36 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 2:29 pm

shadow walker

37 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 2:34 pm

SHARK aka TAH

38 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 2:50 pm

hettdas

39 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 3:52 pm

stevenapple

40 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 10:51 pm

WildBear

41 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Jul 28, 2014 11:11 pm

NZ BOY

42 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Wed Jul 30, 2014 10:22 am

san1985

43 Just saying.... Wed Jul 30, 2014 10:54 am

pirate

44 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Thu Jul 31, 2014 12:04 am

Eng Krishantha

45 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Thu Jul 31, 2014 6:43 am

shadow walker

46 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 11:31 am

Top Trader

47 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 12:41 pm

troy

48 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 12:55 pm

Top Trader

49 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 1:09 pm

WildBear

50 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 2:41 pm

econ

51 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 8:19 pm

stockboy

52 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 8:21 pm

NZ BOY

53 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 8:23 pm

dineshfernando

54 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 8:26 pm

NZ BOY

55 Re: 51% shares of Free Lanka Capital Holdings PLC offered to Dhammika Perera Mon Aug 11, 2014 10:22 pm

lakmal87

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

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