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Sri Lanka Equity Forum » Stock Market Talk » Tile and Ceramic Sector

Tile and Ceramic Sector

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1Tile and Ceramic Sector Empty Tile and Ceramic Sector on Mon May 06, 2013 10:44 am

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
Dammika Perera taken the full control of the Sri Lanka's tile market. His empire is more worth now. RCL, VONE, etc. Full of synergies.



Last edited by hariesha on Mon May 06, 2013 11:11 am; edited 2 times in total

2Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 10:47 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
What do you mean? Did they buy CERA?

3Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 10:53 am

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics
my sources say that they did.

4Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 10:57 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Have they bought parent of TILE?

5Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 10:58 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Parent of LWL and TIle is CERA.That why I asked,


@salt wrote:Have they bought parent of TILE?

6Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 10:59 am

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@salt wrote:Have they bought parent of TILE?

Not just parent of TILE, CERA is the grandfather of TILE, LWL and PARQ.

7Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 11:23 am

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
so now new owner of all this is VONE.

8Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 11:27 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Sri Lanka ceramic tile firm control changes


May 06, 2013 (LBO) - Lanka Ceramics, a tile maker which was owned by Sri Lanka's Ceylon Theatres group had been sold with a controlling stake sold at 120 rupees a share up 40 rupees from a day earlier, brokers said.



Interests connected to Dhammika Perera, an entrepreneur who controls rival ceramics firm, Royal Ceramics, is believed to be in the buying side, market sources said.
In early trading Monday 24.6 million shares of Lanka Ceramics were traded in off-market dealers for a total value of 2.9 billion rupees, with the largest single trade at 19.9 million shares brokers said.

The trades amount to about 80 percent of the company.

Royal Ceramics makes tiles and sanitary ware, industries which enjoy tariff protection and are profitable.

Update II.

9Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 11:31 am

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ok then seems like he didn't left anything to do with us Razz

10Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 11:42 am

investorguru


Equity Analytic
Equity Analytic
What's next mr dhammika perera... Pls let us know in advance... I wud luv to make 50% a day

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
May 06, 2013 (LBO) - Sri Lanka's Royal Ceramics Plc, a unit of Sri Lanka's Vallibel group has bought control of Lanka Ceramics group 2.9 billion rupees, group chief Dhammika Perera said.

A controlling 79 percent stake in Lanka Ceramic and four subsidiaries which included Horana Plantations was bought for 2.9 billion rupees, Perera said.

With Lanka Ceramic units Lanka Tiles and Lanka Walltiles under its umbrella the Royal Ceramics group now had a monopoly in the tile market, he said.

Horana Plantations was also went with other related companies such as Talawakele Plantations, he said.

About 24.6 million shares of Lanka Ceramics stock traded at 120 rupees up share, up 40 rupees from a day in a series of off-market deals Monday.
http://www.lankabusinessonline.com/news/Sri_Lankas_Royal_Ceramics_gains_control_of_tile_industry/853843566

12Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 11:56 am

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
CERA controlls LWL, and LWL controls TILE. So this is leading to a tile monopoly Very Happy

13Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 11:59 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
Sri Lanka has no antitrust law.... so we will pay the price

14Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 12:19 pm

cseguide

cseguide
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Redbulls wrote:May 06, 2013 (LBO) - Sri Lanka's Royal Ceramics Plc, a unit of Sri Lanka's Vallibel group has bought control of Lanka Ceramics group 2.9 billion rupees, group chief Dhammika Perera said.

A controlling 79 percent stake in Lanka Ceramic and four subsidiaries which included Horana Plantations was bought for 2.9 billion rupees, Perera said.

With Lanka Ceramic units Lanka Tiles and Lanka Walltiles under its umbrella the Royal Ceramics group now had a monopoly in the tile market, he said.

Horana Plantations was also went with other related companies such as Talawakele Plantations, he said.

About 24.6 million shares of Lanka Ceramics stock traded at 120 rupees up share, up 40 rupees from a day in a series of off-market deals Monday.
http://www.lankabusinessonline.com/news/Sri_Lankas_Royal_Ceramics_gains_control_of_tile_industry/853843566
well done RCL and dammika

15Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 12:28 pm

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Royal Ceramics acquires 80% of Lanka Ceramic

A consortium of investors led by Royal Ceramics has bought over 24 million shares amounting to 80 percent of Lanka Ceramic PLC held by
Ceylon Theatres Group at a price of Rs.120 per share.

According to Royal Ceramics Managing Director Nimal Perera who negotiated the deal, Royal Ceramic bought 21 million shares of Lanka Ceramics while ultimate parent of Royal Ceramic, Vallibel One PLC controlled by businessman Dhammika Perera bought 1 million shares.

And also, Nimal Perera and Lanka Ceramics Chairman Anthony Page—who is acting in concert in the deal—bought 1 million share parcels each.

According to Perera, the mandatory offer to purchase the remaining share will be given by the consortium consisting him, Royal Ceramics, Vallibel One and Anthony Page.

Source: http://www.dailymirror.lk/news/29036-royal-ceramics-acquires-80-of-lanka-ceramic.html

16Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 12:32 pm

suddera

suddera
Manager - Equity Analytics
Manager - Equity Analytics
Is RCL worth @ current 105.00 levels ?

17Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 12:34 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CTHR makes nice capital gain on sale

CERA was in its books at Rs 87 per share at end 2012 - may have risen to around Rs 90 per share by end April 2013

Sold for Rs 120 per share (less brokerage cost), so profit of c. Rs 30 per share on 24 million shares gives total profit of around Rs 700 million on cash realised of Rs 2.9 billion

CERA reported profit of Rs 523 million last year, and CTHR would have got 80% of that - will not be getting contribution from CERA in future

What will CTHR do with the money ? Pay off debt ? Invest in new bank ? Invest in beer or dairy or supermarkets ?

18Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 1:06 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
අනේ වාසනාවන් !
දැන් උදේ පාන්දර නිදි ගැට කඩලා ඇඳෙන් නැගිටලා ගිය ගමන් කාවද මතක් වෙන්නේ ?
හතර වටේටම ධම්මික ගේ බඩු .

Well done KDDP !

Construction industry is going to thrive here. They have already set for it.

19Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 1:25 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Chinwi wrote:අනේ වාසනාවන් !
දැන් උදේ පාන්දර නිදි ගැට කඩලා ඇඳෙන් නැගිටලා ගිය ගමන් කාවද මතක් වෙන්නේ ?
හතර වටේටම ධම්මික ගේ බඩු .

Well done KDDP !

Construction industry is going to thrive here. They have already set for it.

When will he stop building his empire? It is interesting see the NAV of VONE in next Q reports.

20Tile and Ceramic Sector Empty Re: Tile and Ceramic Sector on Mon May 06, 2013 1:28 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
He is young no reason to stop.

@seek wrote:
@Chinwi wrote:අනේ වාසනාවන් !
දැන් උදේ පාන්දර නිදි ගැට කඩලා ඇඳෙන් නැගිටලා ගිය ගමන් කාවද මතක් වෙන්නේ ?
හතර වටේටම ධම්මික ගේ බඩු .

Well done KDDP !

Construction industry is going to thrive here. They have already set for it.

When will he stop building his empire? It is interesting see the NAV of VONE in next Q reports.

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