LPRT @ 106

skyfall · 1 LPRT @ 106 Fri Mar 14, 2014 12:25 pm

skyfall

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LPRT.
They have a freehold land in W.A D Ramanayaka mawatha colombo 2. which is not revalued for many years. Current nett asset value is Rs91.00 that's without the revaluation. With the revaluation this could easily pass Rs 500 mark. Few shares in the market as well.
Have a look at their annual report.

Jiggysaurus · 2 Re: LPRT @ 106 Fri Mar 14, 2014 1:15 pm

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skyfall wrote:LPRT.
They have a freehold land in W.A D Ramanayaka mawatha colombo 2. which is not revalued for many years. Current nett asset value is Rs91.00 that's without the revaluation. With the revaluation this could easily pass Rs 500 mark. Few shares in the market as well.
Have a look at their annual report.

According to Note 12 of the 2013 annual reprt most this has already been revalued

Anyway with Ranils and Ruwans in the top 20 shareholder list this is a very very very very lethargic company. These days who would want to invest with Ranils?

suja · 3 Re: LPRT @ 106 Sat Mar 15, 2014 10:43 pm

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Whats the business they are in?

Jeremy · 4 Re: LPRT @ 106 Sat Mar 15, 2014 10:45 pm

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suja wrote:Whats the business they are in?

Politicians in Business

skyfall · 5 Re: LPRT @ 106 Mon Mar 17, 2014 12:09 pm

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Their freehold land is the biggest asset LPRT have at the moment.

Sstar · 6 Re: LPRT @ 106 Mon Mar 17, 2014 8:04 pm

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Share should be with about Rs 150 on revalued NAV.

skyfall · 7 Re: LPRT @ 106 Tue Mar 18, 2014 11:14 am

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More to come from LPRT. Very few shares in the market as well.

skyfall · 8 Re: LPRT @ 106 Mon Mar 24, 2014 10:45 am

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Need to break the resistance at 105-106. Then this can easily go up..

Jiggysaurus · 9 Re: LPRT @ 106 Mon Mar 24, 2014 10:47 am

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skyfall wrote:Need to break the resistance at 105-106. Then this can easily go up..

Skyfall why don't you clear the order book only 2000 left. Ranils need money for the electon campaign you can help out by giving a push.

skyfall · 10 Re: LPRT @ 106 Wed Mar 26, 2014 12:03 pm

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Jiggysaurus wrote:

skyfall wrote:Need to break the resistance at 105-106. Then this can easily go up..

Skyfall why don't you clear the order book only 2000 left. Ranils need money for the electon campaign you can help out by giving a push.

They should sell this land and move the printing business somewhere else.

StockGuru · 11 Re: LPRT @ 106 Mon Mar 31, 2014 2:17 am

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Sri Lanka: Politician gets Rs.25 million worth shares of Public quoted company

Sri Lankan United National Party (UNP) chief organizer for Biyagama and Gampaha District representing parliamentarian Dinendra Ruwan Wijewardene had recently been gifted with over Rs.25 million worth of shares of Lake House Printers and publishers PLC (LPRT).

A stock exchange statement by the LPRT said that company’s Chairman Ranjit Wijewardene has gifted 180,674 shares of LPRT to company’s ninth Director Ruwan Wijewardene with the approval of Securities and Exchange Commission of Sri Lanka.

The second largest shareholder of the LPRT, Ruwan Wijewardene had 576,282 ordinary voting shares of the company as at 31 March 2011 amounting to a 19.6% stake of the company whilst Ranjit Wijewardene held 1.19 million shares amounting to 40.6% stake of the company as at 31 March 2011.

Lake House Printers and Publishers (LPRT) is one of the oldest family owned listed companies of Sri Lanka, and majority stake of the company is held by family members amounting to 90% including United National Party (UNP) Leader and Opposition Leader Ranil Wickramasinghe who has 38,964 ordinary voting share of the company amounting to a 1.3% stake. Lake House Printers and Publishers PLC (LPRT) share trading closed at Rs.145.20 per share on 1 July 2011.

Link: http://www.asiantribune.com/news/2011/07/02/sri-lanka-politician-gets-rs25-million-worth-shares-public-quoted-company

skyfall · 12 Re: LPRT @ 106 Thu Sep 18, 2014 3:45 pm

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Quite a lot shares were traded in last few days.
You can find very interesting fact in note 9 annual report 2013/2014.
This NAV should worth lot more than the market price.
Not many shares in the market as well.