financial year 31/12/20**
Earning per share ------- 1.18----------30.06.2011 six months
Net asset ------------------8.27------------30.06.2011 six months
Highest price-----voting>>>>> 10.50 --- 30/06
---------------------not voting>> 10.20---30.06
Lowest price-----voting--------------7.90---30.06
---------------------non voting--------8.20---30/06
* Sector-----------Plantations
* Established
----------------- 1992
major turnovers from
Tea
Rubber
Coconut
Tea export
wayamba plantation private limited has 139 million shares(V)
public hold 32 percentage
lanka mountcastle private limited has 17 million shares(N.V)
public holding 25 percentage
Malwatte Valley Plantations PLC engages in the cultivation, manufacture, and sale of black tea, rubber, coconut, and other crops in Sri Lanka. It is cultivating and processing tea and rubber through 20 tea estates and 6 rubber estates located in the planting region of Bandarawela, Badulla, and Avissawella. The company was founded in 1992 and is based in Colombo, Sri Lanka. Malwatte Valley Plantations PLC is a subsidiary of Wayamba Plantations (Pvt) Ltd.
Malwatte Valley Plantations PLC reported earnings results for the second quarter and six months ended June 30, 2011. For the quarter, the company reported turnover of LKR 874,026,000 against LKR 971,392,000, profit before taxation of LKR 92,847,000 against LKR 175,995,000 and profit of LKR 92,611,000 against LKR 175,995,000 for the same quarter last year. For the six months, the company reported turnover of LKR 1,748,357,000 against LKR 1,726,149,000, profit before taxation of LKR 291,727,000 against LKR 295,850,000, profit of LKR 291,490,000 or LKR 1.18 per share against LKR 295,850,000 or LKR 1.19 per share, net cash from operating activities of LKR 113,786,000 against LKR 44,091,000, purchase of property, plant & equipment was LKR 92,872,000 against LKR 8,545,000 and net assets per share of LKR 8.27 compared to LKR 6.75 per share for the same period last year.
**************Malwatte Valley Plantations PLC expected to report Q3 2011 results on October 27, 2011
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Now they issue rights ------------- XR: - 30-Aug-2011
RIGHTS ISSUES DATES AMENDED (Voting & Non - voting)
09 August 2011
VOTING
Date of Announcement: - 14-Jun-2011
Proportion: - Two (02) voting shares for every ten (10) voting shares held
Two (02) Non-voting shares for every ten (10) voting shares held
Issue Price: - Rs.6.75/-
Qty Offered: - 49,518,032
General Meeting & Provisional Allotment: - 29-Aug-2011
XR: - 30-Aug-2011
Dispatch of Provisional Letter of Allotment: - 06-Sep-2011
Rights Trading Commences on:-12-Sep-2011
Renunciation: - 19-Sep-2011
Last Date of Acceptance & Payment: - 20-Sep-2011
NON-VOTING
Date of Announcement: - 14-Jun-2011
Proportion: - Two (02) Non-voting shares for every ten (10) Non-voting shares held
Two (02) voting shares for every ten (10) Non-voting shares held
Issue Price: - Rs.5.50/-
Qty Offered: - 49,518,032
General Meeting & Provisional Allotment: - 29-Aug-2011
XR: - 30-Aug-2011
Dispatch of Provisional Letter of Allotment: - 06-Sep-2011
Rights Trading Commences on: - 12-Sep-2011
Renunciation: - 19-Sep-2011
Last Date of Acceptance & Payment: - 20-Sep-2011
it will give good return one or two years later
not recommended to buy sell or hold