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This is an intresting interview with Mr.Dammika Perera. Good to read if you are an investor. I am not sure whether this is already put in this forum.
See some of questions and his answers….
You entered the CSE in 1996 with Rs 300,000 what can you tell us about this?
I was asked to invest 50 million rupees by Bartleet. That is the amount required to handle my portfolio. At that time I was able to give 50 million but I wasn’t comfortable doing so because what I wanted to do was to build the bank interest. That is why I initially put Rs 300,000 and for three years watched and learned how this system works.
We can say that you always enter a market when the sector is at a low, you identify the potential. Would it be correct to call you forward thinking?
The markets can be good or bad, however regardless of the prevalent environment I see opportunities at all times. During difficult times when companies have collapsed I am able to identify the potential and build them up again.
You acquired companies from your own funds not from shareholders or anyone else. what are you thoughts on this?
I had to take bank loans, but yes it was done by me. If you look at it, companies have been purchased through other companies, but we have the overall ownership.
Can you tell us about the establishment of Vallibel One, what was the thinking behind it?
We had the need for a holding company and I want to establish about four-five holding companies. Valibel One is just the beginning. I have selected the companies that are making more than a billion in profit and created the holding company - Valibel One. There are not many diversified conglomerates in Sri Lanka that is another reason why we wanted to form such holding companies. In another year or two once the other companies also start making more than a billion in profit I will group them together and establish another holding company - Valibel Two. Therefore according to this model there will be four or five holding companies. Acquisitions and investments will be done through these companies.
Valibel One was one of the most successful IPOs and it commenced trading on the Colombo Stock Exchange, what was the thinking behind this and how was the response?
When we went into the stock market and issued the shares at a price of Rs 25 each, we gave the private placement for Rs 25 and the public for Rs 25 as well. There are three types of investors and to all three we gave the same price as such the investors in Sri Lanka are very happy. Some have already received 20% return in about three weeks. I feel that the shareholders will get a 100% return within a year.
You can read the full article at
http://businesstoday.lk/cover_page.php?issue=240
see the last paragraph
What I can tell everyone is that if you have a life that is focussed and if you are committed then anyone can achieve greatness. The country has reached that stage where there are opportunities for everyone.
See some of questions and his answers….
You entered the CSE in 1996 with Rs 300,000 what can you tell us about this?
I was asked to invest 50 million rupees by Bartleet. That is the amount required to handle my portfolio. At that time I was able to give 50 million but I wasn’t comfortable doing so because what I wanted to do was to build the bank interest. That is why I initially put Rs 300,000 and for three years watched and learned how this system works.
We can say that you always enter a market when the sector is at a low, you identify the potential. Would it be correct to call you forward thinking?
The markets can be good or bad, however regardless of the prevalent environment I see opportunities at all times. During difficult times when companies have collapsed I am able to identify the potential and build them up again.
You acquired companies from your own funds not from shareholders or anyone else. what are you thoughts on this?
I had to take bank loans, but yes it was done by me. If you look at it, companies have been purchased through other companies, but we have the overall ownership.
Can you tell us about the establishment of Vallibel One, what was the thinking behind it?
We had the need for a holding company and I want to establish about four-five holding companies. Valibel One is just the beginning. I have selected the companies that are making more than a billion in profit and created the holding company - Valibel One. There are not many diversified conglomerates in Sri Lanka that is another reason why we wanted to form such holding companies. In another year or two once the other companies also start making more than a billion in profit I will group them together and establish another holding company - Valibel Two. Therefore according to this model there will be four or five holding companies. Acquisitions and investments will be done through these companies.
Valibel One was one of the most successful IPOs and it commenced trading on the Colombo Stock Exchange, what was the thinking behind this and how was the response?
When we went into the stock market and issued the shares at a price of Rs 25 each, we gave the private placement for Rs 25 and the public for Rs 25 as well. There are three types of investors and to all three we gave the same price as such the investors in Sri Lanka are very happy. Some have already received 20% return in about three weeks. I feel that the shareholders will get a 100% return within a year.
You can read the full article at
http://businesstoday.lk/cover_page.php?issue=240
see the last paragraph
What I can tell everyone is that if you have a life that is focussed and if you are committed then anyone can achieve greatness. The country has reached that stage where there are opportunities for everyone.
