Monday, 31 March 2014

31-Mar-2014 CSE Trade Summary


Following Stocks Reached New High / Low on 31/03/2014


31/03/2014 - Top 10 Contributors to Change ASPI

http://www.cse.lk/cmt/upload_cse_report_file/daily_report_45_31-03-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day


Quote for the day

"You don't need complicated Einstein formulas to make money in the markets. You do need to be disciplined and comfortable with yourself. No matter how good of a trader you think you are, the market are always going to screw with your head and test your mental fortitude. Remember, survivors are also the ones who make up the market's success stories." - Curtis Faith

Company Fact Sheet: Overseas Realty (Ceylon) PLC - OSEA:N0000

About the company:

Established: 1980                                 Quoted Date: 1982-01-01          Sector: Land & Property

Overseas Realty (Ceylon) PLC is a Sri Lanka-based company engaged in investment in properties, property development, trading, management and provision of property management services. The Company operates in three business segments: Property Leasing, Property Trading and Property Services, which are derived through three subsidiaries of the Company. Property Leasing is derived by Overseas Realty (Ceylon) PLC (ORC PLC). Property Trading is derived through Mireka Capital Land (Pvt) Ltd (MCL) and Mireka Homes (Pvt) Ltd (MHL). Property Services is derived through ORC PLC and Realty Management Services (Private) Limited (RMS). The Company owns 185 condominium units that are held to earn rentals, which constitute the Investment Property of the Company.

Chairman: Mr Shing Pee Tao

Deputy Chairman: Mr Hussein Zubire Cassim

Group CEO: Mr Pravir Dhanoush Samarasinghe

Board of Directors:
Mrs Rohini Lettitia Nanayakkara
Mr Mildred Tao Ong
Mr Melvin Yap Boh Pin
Mr Tao Ben Nien (Alternate to S.Pee Tao)
Mr M.B. Pererira (Alternate to M.Tao Ong)
Mr Lee Kang Ho (Alternate to M.Y. Boh Pin)
Mr Ajith Mahendra De Silva Jayaratne 
Mr  En Ping Ong (Executive Director)
Mr M. Pereira 
Mr Leslie Ralph De Lanerolle
Mr Tissa Kumara Bandaranayake
Mrs Ranee Jayamaha

52 Weeks Low: 13.90                                                                   52 Weeks High: 21.50

Average Trading Volume: 57,440

Company Financial at a glance:

Notes:
1. 69,057,200 Ordinary Shares of the Company were allotted on 11th September 2006, pursuant to a 7:50 Rights Issue @ Rs. 15.00.
2. 281,161,453 Ordinary Shares of the Company were listed on 24th November 2010, pursuant to a 1:2 Rights Issue @ Rs. 15.00.
2. Exercising of options under employee share options scheme, 25,304,530 shares supposed be issued at the market price at the time of grant or the Volume Weighted Average Price 30 market days prior to grant which ever is higher.

Total shares in Issue: 843,484,359

Top 20 Shareholders as at 31/12/2013

The percentage of Shares held by the Public as at 31st December 2013 was 16.64%.

The percentage of Foreign Holding as at 28th February 2014 was 86.29%

Sunday, 30 March 2014

Trading Emotions

Source: Northman Trader

Origin of the Stock Market Terms “Bull” and “Bear”

By Daven Hiskey

 Kevin asks: Why do we call the stock market trends “bullish” and “bearish”? 

For those who don’t know, a “bear” market, or when someone is being “bearish” in this context, is marked by investors being very conservative and pessimistic, resulting in a declining market generally marked by the mass selling off of stock. A “bull” market is simply the opposite of that, with investors being aggressive and positive, with stock prices rising as a result of this optimism. This “bull” and “bear” terminology first popped up in the 18th century in England.

There are a couple different possible sources for the “bear” part of this tandem, but the leading theory is that it derived from an old 16th century proverb: “selling the bear's skin before one has caught the bear” or alternatively, “Don't sell the bear's skin before you've killed him,” equivalent to, “Don't count your eggs before they’re hatched.”

By the early 18th century, when people in the stock world would sell something they didn’t yet own (in hopes of turning a profit by eventually being able to buy the thing at a cheaper rate than they sold it, before delivery was due), this gave rise to the saying that they “sold the bearskin” and the people themselves were called “bearskin jobbers”.

One of the earliest references of this comes from an issue of The Tatler, April 26, 1709:

"Forasmuch as it is very hard to keep land in repair without ready cash, I do, out of my personal estate, bestow the bear-skin, which I have frequently lent to several societies about this town, to supply their necessities; I say, I give also the said bear-skin as an immediate fund to the said citizens forever…"


In a later edition, June 23, 1709, it goes on to state:

"I fear the word Bear is hardly to be understood among the polite people; but I take the meaning to be, that one who insures a real value upon an imaginary thing, is said to sell a Bear, and is the same thing as a promise among courtiers, or a vow between lovers…"


Yet another early instance of the term is in Daniel Defoe’s The Anatomy of Change Alley, published in 1719, around the time the term was popularized to something of the same type of definition we use today:

"Those who buy Exchange Alley Bargains are styled buyers of Bear-skins."


The use of the word “bear” in this way was popularized thanks to one of the early market bubbles known as the South Sea Bubble. While it was a long and incredibly complex market scheme that led to the bubble, the gist of it was that the South Sea Company, formed in 1711, was granted by Britain a monopoly on all trade to South America and would be given an annual sum (6% interest plus expenses) from the government. In exchange, the new company agreed to take over large portions of the government’s debt. (In fact, this was primarily how the company actually made money throughout its century and a half it was in business, simply by dealing in government debt.)

Thanks to this deal and an amazing amount of government corruption, insider trading, and other unscrupulous practices by certain shareholders who knew well that the company’s trade business had little hope of ever being profitable, the burgeoning company’s stock soared. At its peak, based on the stock price, the company was worth about £200 million (by purchasing power, today this would be about £24 billion or $37 billion; by average earnings, it would be £350 billion or $537 billion).

Besides the fact that they didn’t even have their first trading shipment until 1717, 6 years after the trading company first formed, one of the problems was that having an exclusive monopoly on trading to South America from the British government at the time wasn’t saying much as most of the region was almost entirely held by Spain, who Britain was at war with. Nevertheless, amid rampant and widely published rumors (deftly planted by certain stock holders to jack up the price) of the vast wealth from gold and other resources in those regions and the potential promise of soon securing trade rights from Spain, the stock prices soared, even though the company itself wasn’t really doing any actual trading and their main asset, the monopoly on trade to Middle and South America, was essentially worthless, as the core stock holders knew well.

Spain did eventually grant the South Sea Company rights to trade in the regions held by Spain, but only one ship load per year total was allowed in exchange for a percentage of the profits. Needless to say, the inability to do any actual real volume of trading and the fact that war once again broke out in 1718 between Spain and Britain causing much of the company’s scant physical assets to be seized by Spain, the market crash that followed wasn't pretty.

As to the “bull” name for rising markets, in this case we have to do a little more speculation as the documented evidence just isn’t there. The leading theory is that it came about as a direct result of the term “bear”. Specifically, the first known instance of the market term “bull” popped up in 1714, shortly after the “bear” term popped up. At the time, it was something of a common practice to bear and bull-bait. Essentially, with bear baiting, they’d chain a bear (or bears) up in an arena, and then set some other animals to attack the bear(s) (usually dogs) as a form of entertainment for spectators seated in the arena.

While bears were one of the more popular animals to use in these games, bulls were also commonly used. More rarely, other animals were used such as in one instance where an ape was tied to a pony’s back and dogs were set on them. According to one spectator, the spectacle of the dogs tearing the pony to shreds while the ape screamed and desperately tried to stay on the pony’s back, out of reach of the snapping jaws of the dogs, was “very laughable”…

In any event, the popularity of bear and bull baiting, along with perhaps the association with bulls charging, is thought to have probably been why “bull” was chosen as something of the antithesis of a “bear”, shortly after “bear” first popped up in the stock sense. But, of course, we can’t be at all sure on this one as there wasn’t the more lengthy documented progression of definition as with the “bear” term.

Source: http://www.todayifoundout.com/index.php/2013/04/origin-of-the-stock-market-terms-bull-and-bear/

Saturday, 29 March 2014

Quote for the day

“Conservatism in moderate doses is a critical characteristic for market success, but conservatism may be carried to profitless extremes just as easy as radicalism. A healthy mingling of decisiveness and conservatism is the ideal mixture for the successful trader, as for most other careers as well.” -  Richard Schabacker

New Traders and Rich Traders Speak Different Languages

New traders and rich traders speak different languages. They see the markets differently. New traders see the riches and rich traders see the risks. New traders see the possibilities while rich traders see the probabilities. New traders want to get rich quick while rich traders got rich slowly. New traders love to imagine potential profits while rich traders always do the math. There is a language barrier. 

Here are the big differences in their vocabulary and how they see the markets.

New traders have ‘picks’, rich traders have “high probability entries”.

New traders “make great calls”, rich traders have robust systems.

New traders have ‘conviction’, rich traders follow price action.

New traders have ‘opinions’, rich traders follow trends and chart patterns.

New traders look for tips, rich traders look for risk/reward ratios that are in their favour.

New traders ‘like’ certain stocks, rich traders like to make money.

New traders make predictions, rich traders have quantified entries and exit levels.

New traders ‘go all in’, rich traders have maximum bet sizes.

New traders are gamblers, rich traders are casinos.

New traders have hope, rich traders have mathematical probabilities.
Source: www.newtraderu.com

If trading psychology is a issue for you

If you talk to many very successful traders they know the importance of trading psychology. But they are not consumed by it. In last 10 years I have interacted closely with many successful traders, few market wizards , and some hedge fund people, none of them had ever hired a trading psychologist. And most of those people are at top of their game. The key to their success is their belief system.


But if you talk to struggling traders they often think trading psychology is important and some claim it is the most important thing. If psychology is an issue for you and you think it is affecting your trading , what concrete steps can you take to resolve it.

There is lot of talk of trading psychology , but what exactly are the 3 or 5 things you can do to improve your psychology.

If you want to increase your muscles you go and lift weight

If you want to improve your stamina, you go and run daily

If you want to reduce weight you eat less and exercise more

What exactly do you need to do to improve your psychology.

First starting point if you want to improve your psychology is by examining your beliefs

You can only trade what you believe in.

Your beliefs drive your behaviour.

If you believe only way to trade is using mechanical methods ( that is a belief) and as a result all your behaviour will flow from it.

If you believe one should only trade triple ETF and not waste time on individual stocks (that is a belief) and as a result all your behaviour will flow from it.

If you believe that only way to trade is with big risk (that is a belief) and as a result all your behaviour will flow from it.

Every trade has deeply held beliefs. The bundle of deeply held beliefs drive what kind of set-up they will trade, what kind of time frame they will trade and also all elements of trade like entry, exit , risk,  and number of positions held.

Beliefs are not necessarily based on science or logic. In trading there are many beliefs based on to others pseudo-science . Personally I would never trade based on Elliott Waves , because it is not in line with my belief system. I believe it is not scientific and hocus focus. But there are traders who build their entire trading around it.

Your beliefs drive your trading actions. If you want better results in your trading you start by examining your beliefs about market, how they operate and about your trading and beliefs behind those trading decisions. A critical study of them might show you where you need to fix things.

It is  difficult to change beliefs. Contrary to what self help books and many motivational authors and speakers will tell you it is not easy to change beliefs. Beliefs persist for lifetime in some people. So much of human behaviour is driven by beliefs. Religion survives because people are driven by beliefs.

But psychologists who have studied beliefs know it is difficult to change deeply ingrained beliefs. There are no magical technique or method which will change your beliefs overnight.To change beliefs you need to educate yourself , expose yourself to new way of thinking, get rewarded for new beliefs.

When you are kid you have many simple beliefs, like monster exist or eating sweets will lead to cavities, or my parents are going to be forever, but as you grow and get exposed to science your beliefs change.

New knowledge and new discovery leads to change of beliefs. Same thing with markets and and trading. More you educate yourself and expose yourself to different beliefs you will re examine some of your deeply held beliefs and start changing them. Your surroundings and people you interact with also helps to change or reinforce your beliefs. If you want to change beliefs change your surroundings, friends, family and incentive structure. 

For traders same thing applies. If you hang around with traders who all the time whine and "believe" market is manipulated, you will also imbibe same beliefs, you will get rewarded in that setting for those beliefs. If you change that and say start interacting with a highly motivated trader with 10 year plus track record and no negative years , your beliefs will change. In that setting you will not be rewarded for your beliefs about manipulation.

First starting point if you want to improve your psychology is by examining your beliefs

Align your beliefs with market structure by educating yourself about how markets work. Align your belief with what has shown to have worked in the market based on history and statistics. Align your belief with a style of investing growth, value, contrarian investing. Align your belief with time frame (day trade , swing, position). Align your belief with right kind of market paradigm

Lot of time people claim they have discipline problem, but the basic problem is wrong beliefs and as a result wrong behaviour. If you fix the beliefs discipline is comparatively easy. 
http://stockbee.blogspot.co.uk/2014/03/if-trading-psychology-is-issue-for-you.html

Quote for the day

"When events have thinking participants, the subject matter is no longer confined to facts but also includes the participants’ perceptions. The chain of causation does not lead directly from fact to fact but from fact to perception and from perception to fact." -  George Soros

Friday, 28 March 2014

28-Mar-2014 CSE Trade Summary



Following Stocks Reached New High / Low on 28/03/2014

Crossings - 28/03/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_339_28-03-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day

Company Fact Sheet: C T Land Development PLC - CTLD:N0000

About the company:

Established: 1983                                 Quoted Date: 1988-03-22          Sector: Land & Property

CT Land Development PLC is a Sri Lanka-based company mainly engaged in property development. It is the owning company of Majestic City, a shopping mall-cum-entertainment complex. Majestic City incorporates a diverse range of shopping outlets, a food zone, supermarket, children's amusement center, banks and the cinemas. It also operates parking lots. The Company is part of the CT Holdings Group of Companies. During the fiscal ended March 31, 2012, the Company completed the refurbishment of the fifth floor of the Majestic City complex and set up three new cinemas.


Chairman: Mr R. Selvaskandan

Deputy Chairman/Managing Director: Mr J.C. Page

Board of Directors:
Mr A.T.P. Edirisinghe 
Mr A.D.M. De Alwis 
Mr Anthony A. Page
Mr L.R. Page
Mr Sunil Mendis
Dr T. Senthilverl
Mr S.C. Niles
Ms M.G. Perera (Finance Director)

52 Weeks Low: 23.50                                                                     52 Weeks High: 36.00

Average Trading Volume: 1,900

Company Financial at a glance:


Total shares in Issue: 48,750,000

Top 20 Shareholders as at 31/12/2013

The percentage of Shares held by the Public as at 31st December 2013 was 26.53%.

The percentage of Foreign Holding as at 28th February 2014 was 2.68%

Thursday, 27 March 2014

The Inevitables Of Success

http://daniel-dow.com/the-inevitables-of-success/

Quote for the day

"Never get into the market because you are anxious from waiting, and never get out of the market just because you have lost your patience." - WD Gann

27-Mar-2014 CSE Trade Summary


Following Stocks Reached New High / Low on 27/03/2014

Crossings - 27/03/2014 & Top 10 Contributors to Change ASPI

http://www.cse.lk/cmt/upload_cse_report_file/daily_report_487_27-03-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day


Company Fact Sheet: John Keells Hotels PLC - KHL:N0000

About the company:

Established: 1979                                 Quoted Date: 2004-09-17          Sector: Hotels & Travels

John Keells Hotels PLC is an investment company. The Company, through its subsidiaries and joint ventures, is engaged in hoteliering. The Company manages a portfolio of holdings consisting hoteliering business, which together constitute the John Keells Hotels Group. Cinnamon Bey Beruwala is a 200 roomed hotel. Its hotel Cinnamon citadel has 26 Deluxe rooms and 93 superior rooms. The Citadel accommodates three dining options that cater to palates ranging from Asian and International, through to Continental cuisine. The hotel also offers conference facilities for corporate events, which includes forums, meetings and business conferences. Its Cinnamon Wild is situated 288 kilometers from Colombo, the hotel houses 61 jungle chalets and seven beach chalets. Its Chaaya Tranz Hikkaduwa is built along beaches, which houses 150 rooms. The resort also offers pool and conference facilities, as well as the Spa.

Chairman: Mr S.C. Ratnayake

Board of Directors:
Mr A.D. Gunewardene 
Mr J.R.F. Peiris 
Mr J.E.P. Kehelpannala
Mr R.T. Wijesinha
Mr N.B. Weerasekera
Mr B.J.S.M. Senanayake
Mr T.L.F.W. Jayasekara (Non-Executive Director)

52 Weeks Low: 10.20                                                                     52 Weeks High: 13.70

Average Trading Volume: 23,410

Company Financial at a glance:

Notes:
1. On 29th June 2006 Share holders approved to sub divide each existing Ordinary Voting shares into 10 shares. (Par value of the Ordinary Shares of the Company has been reduced from Rs. 10/- to Rs. 1/)
2. 494,413,675 ordinary shares of the company were allotted on 28-06-2007, pursuant to a  Rights Issue in the proportion of 5:6 @ Rs. 5.75
3. 364,036,695
 ordinary shares of the company were listed on 15-04-2010, pursuant to a Rights Issue in the proportion of 1:3 @ Rs. 10.00.

Total shares in Issue: 1,456,146,780

Top 20 Shareholders as at 31/12/2013

The percentage of Shares held by the Public as at 31st December 2013 was 19.64%.

The percentage of Foreign Holding as at 28th February 2014 was 0.00%

29 Instances Of A Major World Stock Market Shut down

Turmoil on the Russia-Ukraine border has investors and traders running various scenarios, including worst-case scenarios.


Not that anyone is saying this is likely today, but a shut down of the Russian stock market 
isn't unprecedented.

"Russia’s first recorded stock market came into existence in 1810 but shut down in July 1914 at the start of World War I," noted Morgan Stanley's Jonathan Garner. "The stock market reopened for two months in 1917 before shut down again after the 1917 revolution. It did not re-open until January 1992."

Here's a list of some notable stock market shut downs from Garner.



Source:http://www.businessinsider.com/

Wednesday, 26 March 2014

Quote for the day

"Analysis is not that hard, but how much to buy, when to buy, knowing what to do, knowing when to sell when you have made a legitimate mistake is a harder thing and you can learn through experience when you have the right psychological makeup in the first place." -  Seth Klarman

26-Mar-2014 CSE Trade Summary


Following Stocks Reached New High / Low on 26/03/2014

Crossings - 26/03/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_814_26-03-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day



Company Fact Sheet: MTD Walkers PLC - KAPI:N0000

About the company:

Established: 1981                                 Quoted Date: 1983-01-01          Sector: Construction & Engineering


MTD Walkers Plc is a Sri Lanka-based investment holding company. Through its subsidiaries, the Company is engaged in general/mechanical, civil engineering and piling projects, as well as the manufacture and sale of tea machinery. In addition to servicing the plantation industry in Sri Lanka, the Company has exported tea machinery to Ruwanda and Vietnam. The Company's business segments are Engineering Services, Trading and Investments. MTD Walkers Plc's subsidiaries provide services in the areas of civil engineering, construction and property development, supply of construction materials and logistics management. As of March 31, 2013, the Company was a subsidiary of MTD Capital BHD, and it had eight subsidiaries itself.

Chairman: Dato Azmil Khalili Bin Khalid

Board of Directors:
Mr Jehan Prasanna Amarathunga
Mr Keith George Cowling 
Mr Leong Yow Lee 
Mr Albert Rasakantha Rasiah 
Mr Niranjan Joseph De Silva Deva Aditya 
Mr Hewawasamge Ravindranath Srilal Wijeratne

52 Weeks Low: 22.10                                                                     52 Weeks High: 36.60

Average Trading Volume: 20,580

Company Financial at a glance:

Notes:
1. 10,020,999 ordinary shares of the company were listed on 24-01-2011, pursuant to a  Rights Issue in the proportion of 19:1 @ Rs. 33.00


Total shares in Issue: 114,357,140

Top 20 Shareholders as at 31/12/2013

The percentage of Shares held by the Public as at 31st December 2013 was 9.22%.

The percentage of Foreign Holding as at 28th February 2014 was 91.50%

Quote for the day

"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower." -  William O'Neil

Tuesday, 25 March 2014

25-Mar-2014 CSE Trade Summary


Following Stocks Reached New High / Low on 25/03/2014

25/03/2014 - Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_395_25-03-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day

Company Fact Sheet: Nations Trust Bank PLC - NTB:N0000

About the company:

Established: 1999                                Quoted Date: 1999-05-03          Sector: Banks Finance & Insurance

Nations Trust Bank PLC (the Bank) is a Sri Lanka-based banking company. The principal activities of the Bank are commercial, personal and private banking, trade services, leasing, factoring, treasury and capital market services, and fee-based activities. The Bank operates in seven segments: Retail and SME Banking, Corporate Banking, Leasing, Treasury functions, Investment Banking, Insurance Broking and Property Management. The principal activities of the Bank's subsidiaries, including Waldock Mackenzie Limited, Allied Properties Limited, Mercantile Leasing (Financial Services) Limited and Nations Insurance Brokers Limited are carrying out margin trading, money market operations and fund and fee-based activities, property rental, managing an operating leases portfolio and insurance broking, respectively.


Chairman: Mr A.K. Gunaratne

CEO: Ms R. N. K. Fernando

Board of Directors:
Mr M.E. Wickremesinghe (Senior Director) 
Mr A.R. Rasiah 
Mr C.H.S.K. Piyaratna 
Dr. (Ms.) D. Weerakoon 
Mr K.N.J. Balendra 
Mr Murtaza Jafferjee 
Dr. Kemal de Soysa 
Mr D. Prasanna De Silva 
Ms. N.S. Panditaratne 
Mr K.O.V.S.M.S. Wijesinghe

52 Weeks Low: 57.00                                                                     52 Weeks High: 69.00

Average Trading Volume: 38,620

Company Financial at a glance:

Notes:
1. Merger of Operations of Mercantile Leasing limited: On 1st January 2006, Nations Trust Bank Limited (NTB) merged its operations with the primary business operations of leasing and factoring of Mercantile Leasing Limited (MLL) by issuing 40,786,004 ordinary shares of NTB at the price of Rs 26.15 per share. Mercantile Leasing Limited (MLL) had investments in three wholly owned subsidiaries namely Allied Properties Limited , Mercantile Leasing (Financial Services) Limited and MLL Insurance Brokers Limited.
2. 41,928,668 ordinary shares of the company were listed on 04-03-2008, pursuant to a Rights Issue in the proportion of 1:3 @ Rs. 25.00 combined with 2010 warrants : 41,928,668  (Exercise Price: Rs. 30.00) & 2011 warrants: 20,963,943 (Exercise Price: Rs. 35.00).
3. 41,928,668 Ordinary Shares of the company were listed on 26th March 2010, pursuant to the conversion of 2010 warrants.
4. 20,963,943 Ordinary Shares of the company were listed on 30th March 2011, pursuant to the conversion of 2011 warrants.

Total shares in Issue: 230,607,283

Debentures Listed on CSE:


Top 20 Shareholders as at 31/12/2013

The percentage of Shares held by the Public as at 31st December 2013 was 79.85%.

The percentage of Foreign Holding as at 28th February 2014 was 11.83%

Quote for the day

"Too many people assume they are making decisions based on what they know, but often times their decisions are based on what they think they know but really don’t." - Barry Ritholtz

Monday, 24 March 2014

24-Mar-2014 CSE Trade Summary


Following Stocks Reached New High / Low on 24/03/2014

24/03/2014 - Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_281_24-03-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day




Company Fact Sheet: Sunshine Holdings PLC - SUN:N0000

About the company:

Established: 1973                                 Quoted Date: 1983-01-01          Sector: Diversified Holdings

Sunshine Holdings PLC is a Sri Lanka-based holding company. The principle activities of the Company are investment in subsidiaries and other investments. Within the Group, the Company is involved in the investment operations; SBL Ltd. involves in the import and sale of pharmaceutical items; Watawala Plantations PLC involves in the operation of tea, rubber and oil palm plantation business; Sunshine Travels & Tours Ltd. involves in the provision of travels and tour hospitality services; Sunshine Packaging Ltd. involves in the provision of packaging services; Estate Management Services (Private) Ltd. involves in the provision of management services; Sunshine Power (Pvt) Ltd. involves in the operation of hydropower generation business; Sunshine Energy Ltd. involves in the exploration and production of renewable energy; Healthguard Pharmacy Ltd. involves in the pharmacy retail operations; Watawala Tea Ceylon Limited. involves in the manufacturing and retail.

Chairman: Mr R.T Wijetilleke

Managing Director: Mr V. Govindasamy

Board of Directors:
Mr G. Sathasivam
Mr S. Munir
Mr U.L. Kadurugamuwa
Mr N.B. Weerasekera
Mr S. Piyaratne 
Mr A. Hollingsworth 
Mr S.G. Sathasivam
Mr B.A. Hulangamuwa

52 Weeks Low: 26.40                                                                     52 Weeks High: 38.90

Average Trading Volume: 4,080

Company Financial at a glance:

Notes:
1. In 2008 Sunshine Holdings PLC issued 3,333,333 new ordinary shares to Aureos South Asia Fund LLC as a private placement at Rs 153 per share.2. 493,207 ordinary shares of the company were listed in July 2013, consequent to the exercising of options under employee share options scheme. ( 5,000,000 shares supposed be issued at a price  20% less than the Volume Weighted Average Price of the shares of the company taking into consideration all share transactions of the company during the 30 market days immediately preceding the date on which the offer is made.)




Total shares in Issue: 133,826,537

Top 20 Shareholders as at 31/12/2013

The percentage of Shares held by the Public as at 31st December 2013 was 18.89%.

The percentage of Foreign Holding as at 28th February 2014 was 25.03%