BROWNS GROUP ???

vishnu · 1 BROWNS GROUP ??? Tue Feb 08, 2011 12:52 pm

vishnu

Stock Analytic

Posts : 14
Equity Stars : 4860
Reputation : 0
Join date : 2011-01-31

Any idea about Browns group ?

They hold almost 18 Mn vot share of HNB and 13 Mn vot shareof Seylan and 5 Mn non voting of Seylan. They also have a 3.04 Bn stock of Timber and Rubber. Their 2nd Q EPS is around 10.84...looks quiet good. Once the 3rd Q results come out for Browns and HNB...it will be a good value share...I guess.........

econ · 2 Re: BROWNS GROUP ??? Tue Feb 08, 2011 12:54 pm

econ

Global Moderator

Posts : 1479
Equity Stars : 8415
Reputation : 94
Join date : 2011-01-27

vishnu wrote:Any idea about Browns group ?

They hold almost 18 Mn vot share of HNB and 13 Mn vot shareof Seylan and 5 Mn non voting of Seylan. They also have a 3.04 Bn stock of Timber and Rubber. Their 2nd Q EPS is around 10.84...looks quiet good. Once the 3rd Q results come out for Browns and HNB...it will be a good value share...I guess.........

browns investment arm are about to come as IPO.. I saw that they had a private placement .. so will be another interesting IPO..

ISURU · 3 Re: BROWNS GROUP ??? Tue Feb 08, 2011 11:48 pm

ISURU

Senior Manager - Equity Analytics

Posts : 580
Equity Stars : 5804
Reputation : 111
Join date : 2011-02-06

Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...? Smile

UKboy · 4 Browns Wed Feb 09, 2011 12:01 am

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7326
Reputation : 391
Join date : 2011-02-08
Location : Earth

Browns already sold their HNB shares. nothing left. I would be surprised if it goes beyound Rs300 mark within next 12 months.

ISURU · 5 Re: BROWNS GROUP ??? Fri Apr 08, 2011 1:10 pm

ISURU

Senior Manager - Equity Analytics

Posts : 580
Equity Stars : 5804
Reputation : 111
Join date : 2011-02-06

UKboy wrote:Browns already sold their HNB shares. nothing left. I would be surprised if it goes beyound Rs300 mark within next 12 months.

Any comments (Brwn ~320) Very Happy

kam2011 · 6 Re: BROWNS GROUP ??? Fri Apr 08, 2011 1:34 pm

kam2011

Senior Manager - Equity Analytics

Posts : 554
Equity Stars : 5443
Reputation : 52
Join date : 2011-03-24

Dear

Dear ukboy, BROWNS has already gone uptoday to 322-325 level. Why do u say that will not go up over 300/- within the year. I guess it will hit 400/-before end of this year.

kuk83 · 7 Re: BROWNS GROUP ??? Fri Apr 08, 2011 2:14 pm

kuk83

Manager - Equity Analytics

Posts : 247
Equity Stars : 5186
Reputation : 20
Join date : 2011-01-28
Age : 40
Location : Anuradapura

http://forum.srilankaequity.com/t2102-good-counters-to-enter-in-last-few-days

lol!

Aamiable · 8 Re: BROWNS GROUP ??? Fri Apr 08, 2011 2:55 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6276
Reputation : 176
Join date : 2011-02-21

ISURU wrote:Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...?

BRWN LOLC and RICH were traded in large numers , something is goimg on.

Slstock · 9 Re: BROWNS GROUP ??? Fri Apr 08, 2011 3:09 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13364
Reputation : 1158
Join date : 2011-01-22

Aamiable wrote:

ISURU wrote:Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...?

BRWN LOLC and RICH were traded in large numers , something is goimg on.

BRWN trading today was around 500000 shares . Mostly over Rs 320. There were some concerns in the forum about their gains due to one time income and issues with paying less tax. But if you look at last quarter report the income appears to come from mainly core business. Need to explore this more. If this quarter also they report good eps with a clean audited report I think this can hit the roof. Best to monitor

Last edited by slstock on Thu Apr 14, 2011 5:35 pm; edited 1 time in total

Aamiable · 10 Re: BROWNS GROUP ??? Fri Apr 08, 2011 3:18 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6276
Reputation : 176
Join date : 2011-02-21

slstock wrote:

Aamiable wrote:

ISURU wrote:Since Browns is an associate of LOLC, Nothing to worry.. It is a good medium to long term investment..
Isn't it...?

BRWN LOLC and RICH were traded in large numers , something is goimg on.

BRWN trading today was around 500000 shares . Mostly over Rs 320. There were some concerns in the forum about their gains due to one time income and issues with paying less tax. But if you look at last quarter the income seems to mainly come main business. If this quaqrter also they reprot good eps with a clean audited report I think this can hit the roof. Best to monitor

LOLC and BRWN belomgs to same group.

UKboy · 11 Re: BROWNS GROUP ??? Thu Apr 14, 2011 1:31 am

UKboy

Senior Vice President - Equity Analytics

Posts : 1943
Equity Stars : 7326
Reputation : 391
Join date : 2011-02-08
Location : Earth

ISURU wrote:

UKboy wrote:Browns already sold their HNB shares. nothing left. I would be surprised if it goes beyound Rs300 mark within next 12 months.

Any comments (Brwn ~320)

Ok Accepted my defeat Very Happy

factFINDER · 12 BRWN is a subsidery of LOLC!! Thu Apr 14, 2011 3:50 pm

factFINDER

Manager - Equity Analytics

Posts : 158
Equity Stars : 5335
Reputation : 41
Join date : 2010-05-27
Age : 45
Location : Colombo

@ Isuru - Pls note since the end of last financial year BRWN has been concidered as a subsidery of LOLC. As LOLC secure the effective control over BRWN, it becomes subsidery insted of an associate.

LOLC > 100% Commercial Leasing > 50% Diriya Investment > 51% Browns
BRWN among others holds 50% of Browns Investments - BI (Investment Holding Co), which to be listed too.
BI holds 50% of Free Lanka Capital (Pvt) Ltd which holds 70% Free Lanka Capital Holdings Ltd., that will start trading 18th April under "Diversified".
BI also holds 50% Free Lanka Plantation Holdings (Pvt) Ltd which owns 40% & 32% of Maturata Plantations and Pussellawa Plantations two of the RPC's respectively.

It will be interesting to see the new role of "BRWN" with in "LOLC's Holding Company" structure, as more than a "trading" company BRWN is with diversified business interests. Earlier I thought "BRWN" will be placed under "Diversified" before "LOLC".

Appriciate members' views/predictions over BRWN's new ROLE under "LOLC Holdings", will it be another HOLDING COMPANY or ???

Slstock · 13 Re: BROWNS GROUP ??? Thu Apr 14, 2011 5:28 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13364
Reputation : 1158
Join date : 2011-01-22

Kapilaweer wrote:
LOLC > 100% Commercial Leasing > 50% Diriya Investment > 51% Browns

Kapila

Does the above statement imply that LOLC is holding 51% of BRWN through Diriya Investment?

I was looking at BRWN dec statement and the top 2 share holders are Engineering Services and Mason Mixures. Are these subsidies of Diriya Investment? can you please clarify
http://www.cse.lk/cmt/upload_report_file/764_1297681682411.Quarterly%20Financial%20Statements-31.12.2010.pdf

factFINDER · 14 Re: BROWNS GROUP ??? Thu Apr 14, 2011 7:12 pm

factFINDER

Manager - Equity Analytics

Posts : 158
Equity Stars : 5335
Reputation : 41
Join date : 2010-05-27
Age : 45
Location : Colombo

slstock wrote:

Kapilaweer wrote:
LOLC > 100% Commercial Leasing > 50% Diriya Investment > 51% Browns

Kapila

Does the above statement imply that LOLC is holding 51% of BRWN through Diriya Investment?

I was looking at BRWN dec statement and the top 2 share holders are Engineering Services and Mason Mixures. Are these subsidies of Diriya Investment? can you please clarify
http://www.cse.lk/cmt/upload_report_file/764_1297681682411.Quarterly%20Financial%20Statements-31.12.2010.pdf

@slstock

I also noticed in the top 20 list. Very Happy

But also pls note LOLC group structure Pages 14-16 of LOLC Annual report (http://www.cse.lk/cmt/upload_report_file/378_1283164137108.pdf) accordingly 51% effective holding of BRWN is through Diriya Investment. Further under the "Acquisitions and Investments - Driving" - it explains through our wholly-owned subsidery Commercial Leasing Company, we acquired a 50% stake in Diriya, the holding company of Browns & Co PLC.

Also see note 27: Investments in Subsidiary Companies - Group Holding 52.4% with 2.6% by the Company (As at DEC 2010 Company up its stake to 6.38% and for Group about 56%)

Responding concerns over Engineering Services (Pvt) Ltd. and Mason's Mixture Ltd., both of them also become subsidery with Group holding of 100% and 98% respectively. Accordingly both of them should be subsidiaries of Diriya Investment, though it has not been shown clearly.

My original question was "BRWN's new ROLE under "LOLC Holdings", will it be another HOLDING COMPANY OR ???"
and may be you can now assume why I took all 3 paragraphs to clarify this (insted only last paragraph).

Every dark cloud has a silver line while Most of Silver plates are having dark lines Shocked

(decleration: I'm not promoting any individual stock, but I have both #BRWN and #LOLC, in small numbers)

Aamiable · 15 Re: BROWNS GROUP ??? Thu Apr 14, 2011 8:47 pm

Aamiable

Vice President - Equity Analytics

Posts : 1284
Equity Stars : 6276
Reputation : 176
Join date : 2011-02-21

BRWN went up sharply...LOLC could move up next.... Smile

Slstock · 16 Re: BROWNS GROUP ??? Fri Apr 15, 2011 1:34 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13364
Reputation : 1158
Join date : 2011-01-22

@ Kapila.

Okay below should clarify our mystery

"During the fourth quarter, the Group's fully owned subsidiary, Commercial Leasing Company Ltd., acquired a 50% stake in Diriya Investments (Pvt) Ltd., an investment vehicle which holds controlling stakes in Taprobane Fund Management Ltd., Muthugala Estates (Pvt) Ltd., Pathragalla Estates (Pvt) Ltd., Engineering Services (Pvt) Ltd. and Masons Mixtures Ltd. Through the holdings of LOLC Company and the subsidiaries of Diriya Investments, Brown & Company PLC is now a subsidiary of the LOLC Group"

Page 43 of the same report. Yes LOLC company directly also seemed to have upped their stake to 6.38 from the 2.xx last year. Thanks for bringing this to my attention and my others.

Regarding BROWN as a Holding Company,
As LOLC is declared now as a Holding company and BRWN is a subsidery , the feasibility of BRWN becomes another Holding company appears to be less but you never know.

Also on a discussion to this topic, I would like to make observation that BRWN that last 4 days trading made over close to 2 million trades. Mostly over Rs 320 I believe. There is still interest on this . As BRWN moved up on consecutive days it might take a rest or maybe not. Anyway we should watch out for the coming weeks movements to determine how much more interest is left over Rs 350. Lookign at LOLC /BRWN relationship both these Blue Chip companies should do well in the future. If you willing buy and forget for next 3 years ( long term), just see whether these will be at that time!

factFINDER · 17 BRWN Group??? Fri Apr 15, 2011 6:28 am

factFINDER

Manager - Equity Analytics

Posts : 158
Equity Stars : 5335
Reputation : 41
Join date : 2010-05-27
Age : 45
Location : Colombo

@ slstock

smallville · 18 Re: BROWNS GROUP ??? Fri Apr 15, 2011 7:49 am

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10096
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

BRWN will have its celebrity status up with the acquisition by LOLC.. And with this also LOLC would be considered in a better position due to high earning of BRWN reflected in their financials..
Seems its a win-win deal for both and I see a good future for both companies now.. Better to watch..

Slstock · 19 Re: BROWNS GROUP ??? Fri Apr 15, 2011 9:10 am

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13364
Reputation : 1158
Join date : 2011-01-22

smallville wrote:BRWN will have its celebrity status up with the acquisition by LOLC.. And with this also LOLC would be considered in a better position due to high earning of BRWN reflected in their financials..
Seems its a win-win deal for both and I see a good future for both companies now.. Better to watch..

Yes Smallville, as we discussed before better to hold on to some LOLC. Am not sure whether LOLC will kick off with outstanding profits in the near future but when it does it will have exponential gains contributing from subsidies.

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

BROWNS GROUP ???

1 BROWNS GROUP ??? Tue Feb 08, 2011 12:52 pm

vishnu

2 Re: BROWNS GROUP ??? Tue Feb 08, 2011 12:54 pm

econ

3 Re: BROWNS GROUP ??? Tue Feb 08, 2011 11:48 pm

ISURU

4 Browns Wed Feb 09, 2011 12:01 am

UKboy

5 Re: BROWNS GROUP ??? Fri Apr 08, 2011 1:10 pm

ISURU

6 Re: BROWNS GROUP ??? Fri Apr 08, 2011 1:34 pm

kam2011

7 Re: BROWNS GROUP ??? Fri Apr 08, 2011 2:14 pm

kuk83

8 Re: BROWNS GROUP ??? Fri Apr 08, 2011 2:55 pm

Aamiable

9 Re: BROWNS GROUP ??? Fri Apr 08, 2011 3:09 pm

Slstock

10 Re: BROWNS GROUP ??? Fri Apr 08, 2011 3:18 pm

Aamiable

11 Re: BROWNS GROUP ??? Thu Apr 14, 2011 1:31 am

UKboy

12 BRWN is a subsidery of LOLC!! Thu Apr 14, 2011 3:50 pm

factFINDER

13 Re: BROWNS GROUP ??? Thu Apr 14, 2011 5:28 pm

Slstock

14 Re: BROWNS GROUP ??? Thu Apr 14, 2011 7:12 pm

factFINDER

15 Re: BROWNS GROUP ??? Thu Apr 14, 2011 8:47 pm

Aamiable

16 Re: BROWNS GROUP ??? Fri Apr 15, 2011 1:34 am

Slstock

17 BRWN Group??? Fri Apr 15, 2011 6:28 am

factFINDER

18 Re: BROWNS GROUP ??? Fri Apr 15, 2011 7:49 am

smallville

19 Re: BROWNS GROUP ??? Fri Apr 15, 2011 9:10 am

Slstock

20 Re: BROWNS GROUP ???

Sponsored content

New topics