Monday 30 June 2014

30-Jun-2014 CSE Trade Summary


Company Fact Sheet: Orient Finance PLC - ORIN:N0000

About the company:

Established: 2003                                         Quoted Date: 2012-06-07            Sector: Banks Finance Insurance

Orient Finance PLC, formerly Orient Finance Limited, is principally engaged in leasing and hire purchase businesses. The Company is also involved in factoring activities and micro finance activities. As of March 31, 2014, the Company had a network of 13 fully fledged branches and 4 service centres strategically located island wide.During the fiscal year ended March 31, 2012, the Company obtained approximately 57% , 22% and 13% of its total revenue from its leasing activities, hire purchase activities and factoring activities, respectively.


Chairman: Dr D.C. Jayasuriya (Non-Executive Director)

Chief Executive Officer: Mr S. Amerasekera 

Board of Directors:
Mr Prakash Schaffter  (Non-Executive Director)
Mr Ramesh Schaffter (Non-Executive Director)
Mr Ananda W. Atukorala  (Independent Non-Executive Director / Alternate Director to Mr. Anil Tittawella)
Mr Anil Tittawella  - PC (Independent Non-Executive Director)
Mr Sarath Wikramanayake  (Independent Non-Executive Director)
Mrs Lakshmi K. Gunatilak  (Independent Non-Executive Director)

52 Weeks Low: 11.80                                                                      52 Weeks High: 16.00

Average Trading Volume: 10,570

Company Financial at a glance:

Notes:
1. Company's 115,625,000 ordinary voting shares were listed by way of an introduction and permitted for trading from 07th June 2012. 
2. The reference price of LKR. 14/= in respect of the ordinary voting shares has been decided upon by the Company.

Total shares in Issue as at 31-03-2014: 115,625,000

Top 20 Shareholders as at 31/03/2014




The percentage of Shares held by the Public as at 31st March 2014 was 35.01%.

The percentage of Foreign Holding as at 31st  May 2014 was 0.00%

Quote for the day

“The composite profile of a losing trader would be someone who is highly stressed and has little protection from stress, has a negative outlook on life and expects the worst, has a lot of conflict in his/her personality, and blames others when things go wrong. Such a person would not have a set of rules to guide their behavior and would be more likely a crowd follower. In addition, losing traders tend to be disorganized and impatient.” - Dr. Van. K. Tharp

Sunday 29 June 2014

What People Buy On Black Market


Source: FinanceDegreeCenter.com

Quote for the day

"You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency because people will be blinded to some risk." - By Ron Chernow

Saturday 28 June 2014

Swiss Bank Accounts

It is estimated that Swiss banks hold $2.2 trillion USD of the world’s money within their vaults. From vault safeguarding to an extra thorough admittance process, these secretive banks continue to be the keeper’s of the money of the elite. 

In the following infographic, we’re providing a detailed overview of Swiss bank accounts. We’ll start by highlight the differences between private banking (did you know that an individual must have a minimum $300,000 USD deposit to open an account?) and retail banking (also known as Switzerland’s traditional mass-market banking system). 

Next, we’ll outline how Swiss banks work to maintain high security and privacy by detailing common contract and physical vault security practices. Finally, we’ll end by discussing which countries are allowed to open Swiss bank accounts and which ones aren’t, and wrap things up by listing the top alleged black money clients of Swiss banks.

Swiss Bank Accounts
Source:http://www.timothysykes.com/

Mind Games That Destroy Your Wealth

By Tudor Davies
Do you suffer from 'get-evenitis'?

Research shows that the shares people trade most frequently are those that have outperformed the market in the previous two years. They tend to retain their big losers, hoping to eventually break even.


Before understanding the reasons for 'get-evenitis' and possible solutions, it is first important to recognise if you display any symptoms.

Have you recently, or ever, said about a share or investment:
- it's only a paper loss
- I'll sell when it gets back to my buying price
- that share was good value at £1; I'm topping up as it must be a bargain now it's 50p
- the price will come back up again in time.

If the answer is yes, then you may well have experienced the ailment. It's called get-evenitis and it's caused by loss aversion. In other words the fear of loss is a more powerful driver of gambling and risk taking than the hope of gain.

Decision time
Consider the following pair of decisions and, without thinking too much, identify your preferred options.

Here is the first decision.
In addition to what you own you have been given £1,000. Which of the following options would you choose?

* A - A sure gain of an additional £500, or
* B - A 50% chance to gain a further £1,000 and a 50% chance to gain nothing.

Make a note of which you option you went for.

And here's the second decision.
In addition to what you own you have been given £2,000. Which of the following options would you choose?

* C - A sure loss of £500, or
* D - A 50% chance to lose £1,000 and a 50% chance to lose nothing.

What was your choice this time?
In fact, both decisions are identical in that the risk-averse answer (A or C) delivers a guaranteed result of £1,500 while the other option gives an equal chance of £1,000 or £2,000.

Most people are unwilling to gamble away a certain gain and choose option A for the first decision. In the second decision, when faced with a certain loss, most people are prepared to gamble to avoid that loss and they chose option D.

People hate losing, and the uncertain choice holds out the hope they won't have to lose. 

Research shows a loss has about two and a half times the impact of a gain of the same magnitude. Not selling a losing share holds out the hope it may rise. It's called loss aversion. And it's hoping – not investing. And don't try to rationalise the decision with that old chestnut, reversion to the mean (simplistically, what goes down must go up) because it's seriously flawed thinking. Quite a few momentum investors would argue that what goes down, continues down and vice versa.

It gets worse
So the typical loss-averse 'get-evenitis' investor loses money by holding on to his losers. 

However it gets even worse for the really badly afflicted. A study by Terrence Odean of the University of Southern California found that those who also sold their winners tended to trade into shares that performed less well over the medium term.

The research was clear: most investors are better off selling their losers and keeping their winners.

So, are rigorous stop-losses the answer?

Not necessarily. Stop losses work for some investors and not for others, and if they fit with your style of investing then fair enough.

What is important is to take a critical look at any share that goes down and re-appraise it.

In other words, you have to ignore the price you bought it for and evaluate it on the basis of its new price. A share you own may have been marked down along with the market, for no apparent reason. Or the share price decline may be associated with unexpected negative changes in its environment. The reason is irrelevant -- a re-assessment has to be made. 

If your rational analysis leads you to conclude that the share remains good value then retain it (or buy more). But never retain it purely because "it was good value at £1, it must be a bargain at 50p". And of course the same applies to a winner. Make a rational assessment at the new price (which is what new buyers are doing) and take appropriate action. Never just bank profits, unless you have an alternative and more attractive investment.
Source:http://www.fool.co.uk

Quote for the day

"Many are stubborn in pursuit of the path they have chosen, few in pursuit of the goal."
- Friedrich Nietzsche

Friday 27 June 2014

Jesse Livermore on-trading - Naked Truth


Source: http://www.practicetruthfearnothing.com/

27-Jun-2014 CSE Trade Summary


Company Fact Sheet: Ceylon Leather Products PLC - CLPL:N0000

About the company:

Established: 1990                                        Quoted Date: 2003-09-08              Sector: Footwear & Textiles

Ceylon Leather Products PLC is a Sri Lanka-based company engaged in the production of footwear and leather products. The principal activity of the Company is manufacture of leather, leather footwear and leather goods. The Company's subsidiary Ceylon Leather Products Distributors (Pvt) Limited is engaged in the retail selling of leather footwear and leather goods. The Company also involves in investment in other industries, including the manufacture of knitted fabrics and porcelain table ware. The Company's subsidiaries include Ceylon Leather Products Distributors (Private) Limited, South Asia Textile Industries Lanka (Private) Limited and Palla and Company (Private) Limited.


Chairman: Mr N.C. Peiris (Independent Non-Executive Director)

Managing Director / CEO: Mr S.S. Senaratne 

Board of Directors:
Mr M. Boyagoda  (Independent Non-Executive Director)
Mr 
A.G. Weerasinghe  ((Non-Executive Director)
Mr P.D.J. Fernando
Mr E. Wikramanayake 
Mr K.T. Ehler 

52 Weeks Low: 55.00                                                                      52 Weeks High: 89.00

Average Trading Volume: 13,500

Company Financial at a glance:
Notes: 
1. Warrants of 2011 were expired in August 2011, and 9,233,774 warrants were converted by warrants holders to ordinary shares at an exercise price of Rs.102.00 per share. 
2. The Company has issued warrants along with rights issue during the financial year 2010/11 and outstanding position as at 31 March 2014 as follows:
25,000,000 Warrants: 02 Warrant for 01 Right, at an exercise price of Rs.118.- per share in year 2014.
25,000,000 Warrants: 02 Warrant for 01 Right, at an exercise price of Rs.142.- per share in year 2015.


History of Rights Issues:

Total shares in Issue: 34,233,774

Top 20 Shareholders as at 31/03/2014




The percentage of Shares held by the Public as at 31st March 2014 was 8.61%.

The percentage of Foreign Holding as at 31st  May 2014 was 0.225%

The percentage of Shares held by the Public as at 31st March 2014 was 26.35%.

The percentage of Foreign Holding as at 31st  May 2014 was 0.33%


The percentage of Shares held by the Public as at 31st March 2014 was 26.35%.

The percentage of Foreign Holding as at 31st  May 2014 was 0.97%

Thursday 26 June 2014

Quote for the day

“Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of the ebullience and the depth of despair alike that this too shall pass.” - John Bogle


26-Jun-2014 CSE Trade Summary


Company Fact Sheet: Kotagala Plantations PLC - KOTA:N0000

About the company:

Established: 1992                                 Quoted Date: 1995-12-12                 Sector: Plantations

Kotagala Plantations PLC is a Sri Lanka-based company engaged in the cultivation, manufacture and sale of tea, rubber and other agricultural produce. The Company's 22 plantation estates are situated in the planting districts of NuwaraEliya and Kalutara. During the year ended December 31, 2014, the Company produced 6.3 million kilograms of tea and 2.9 million kilograms of rubber.

As of December 31, 2014, The Group’s parent undertaking and controlling party is Lankem Plantation Holdings Limited , and the ultimate parent Group is The Colombo Fort Land and Building PLC. As of the same date, Kotagala Plantations had one subsidiary within the group, the Company has 100% holding of Union Commodities (Private) Limited.

Chairman: Mr S.D.R. Arudpragasam


Deputy Chairman: Mr C.P.R. Perera 

Board of Directors:
Mr A. Rajaratnam
Mr 
D.A. Ratwatte 
Mr G.D.V. Perera 
Mr A.M.de S. Jayaratne  (Independent Non-Executive Director)
Dr L.M.K. Tillekeratne  (Independent Non-Executive Director)
Mr R. Edwards (Alternate Director to Mr. A. Rajaratnam)

52 Weeks Low: 32.00                                                                     52 Weeks High: 53.60

Average Trading Volume: 29,820

Company Financial at a glance:



History of Rights Issues:

Total shares in Issue: 40,000,000

Top 20 Shareholders as at 31/03/2014



The percentage of Shares held by the Public as at 31st March 2014 was 31.13%.

The percentage of Foreign Holding as at 31st May 2014 was 1.43%

Quote for the day

“Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid.”  - Warren Buffett

Wednesday 25 June 2014

25-Jun-2014 CSE Trade Summary


Company Fact Sheet: ACME Printing and Packaging PLC - ACME:N0000

About the company:

Established: 1949                                        Quoted Date: 1956-01-01              Sector: Manufacturing

ACME Printing and Packaging PLC, formerly Acme Printing and Packaging PLC, is a Sri Lanka-based company mainly engaged in the manufacture of flexible packaging materials. The main industrial sectors it served are tea, food, confectionery, milk powder, pharmaceuticals and consumer products. As of March 31, 2013, the Company had one sole subsidiary, named Acme Packaging Solutions (Private) Limited, which engaged in the manufacture of flexible packaging materials.


Chairman: Mr J.D. Peiris

Board of Directors:
Mr N.M. Chandaria 
Mr R. Seevaratnam 
Mr P. Chandaria 
Mr H.D.S. Amarasuriya 
Mr C.L.K.P. Jayasuriya 
Mr D.S. Weerakkody 

52 Weeks Low: 8.20                                                                       52 Weeks High: 19.70

Average Trading Volume: 111,240

Company Financial at a glance:

History of Rights Issues:

Total shares in Issue: 25,613,280

Top 20 Shareholders as at 31/03/2014


The percentage of Shares held by the Public as at 31st March 2014 was 46.28%.

The percentage of Foreign Holding as at 31st  May 2014 was 43.74%

Quote for the day

"A successful trader is rational, analytical, able to control emotions, practical, and profit oriented." - Monroe Trout

Tuesday 24 June 2014

24-Jun-2014 CSE Trade Summary


Company Fact Sheet: Senkadagala Finance PLC - SFCL:N0000

About the company:

Established: 1968                                         Quoted Date: 2011-03-22             Sector: Banks Finance Insurance


Senkadagala Finance PLC initially formed in the city of Kandy in 1968. Since then, the company has become one of the largest finance company in Sri Lanka. Principal lines of business of the company comprised of finance leases,hire purchases and commercial loans. Company also provide pawnbroking, bill discounting investment in money market instruments and acceptance of deposits in terms of fixed deposits, term deposits, certificate of deposits and saving deposits. Company initiated a new insurance broking business since January 2013. As at 31st March 2013,it has 39 branches and 13 service centres.



Chairman: Dr P. Ramanujam  (Interim )

Managing Director / CEO: Mr L. Balasuriya 

Board of Directors:
Dr A. Balasuriya
Mrs 
L. Fernando 
Mr W.A.T. Fernando 
Mr S.S. Kulatunga  (Independent Non - Executive Director)
Mr S.D. Bandaranayake  (Executive Director)
Mr D.T.P. Collure

52 Weeks Low: 50.00                                                                      52 Weeks High: 50.00

Average Trading Volume: 0

Company Financial at a glance:

Notes:
1. Company's 53,368,000 ordinary voting shares were listed by way of an introduction and permitted for trading from 22nd March 2011. 
2. The reference price of LKR. 20/= in respect of the ordinary voting shares has been decided upon by the Company.
3. 5,336,800 Ordinary Shares of the Company were listed on 24th December 2013, pursuant to a 1:10 Rights Issue @ Rs. 40.00.
4. 6,522,755 Ordinary Shares of the Company were listed on 12th May 2014, pursuant to a Capitalization of reserves in the proportion of 1:9.(Consideration Price Rs. 40.00)

Debentures Listed on CSE:


Total shares in Issue as at 31-05-2014: 65,227,555

Top 20 Shareholders as at 31/03/2014






The percentage of Shares held by the Public as at 31st March 2014 was 21.71%.

The percentage of Foreign Holding as at 31st  May 2014 was 12.86%

Quote for the day

“Usually it pays to wait and see if a stock is going to pullback some before buying. I like to see a pullback and then the start of a new strengthening as a signal to buy. It is a more conservative approach that means sometimes missing opportunities, but it also helps to get a better price on trades.”  - Richard Arms

Monday 23 June 2014

23-Jun-2014 CSE Trade Summary


Company Fact Sheet: Mercantile Investments and Finance PLC - MERC:N0000

About the company:

Established: 1964                                         Quoted Date: 2011-06-02             Sector: Banks Finance Insurance

Mercantile Investments and Finance PLC provides a range financial services, including accepting deposits, granting of loans, lease financing, hire purchase financing, fleet management and share trading. The Company operates through five segments: finance lease, hire purchase, loans and advances, investments and operating lease. As at 31st March 2014,it has 18 branches and 4 service centres. It also provides vehicle loan, micro finance, personal loan, property mortgage reducing. It also offers vehicle brands for sale. It also operates service and repair centres.


Chairman: Mr S.H.J. Weerasuriya

Managing Director: Mr G.G. Ondaatjie 

Deputy Managing Director: Mr P.M. Amarasekera 

Board of Directors:
Mr S.H. Jayasuriya  (Director - Finance)
Ms A.M. Ondaatjie 
Mr T.J. Ondaatjie 
Ms P.T.K. Navaratne 
Mr N.H.V. Perera  (Non-Executive Director)
Mr S.M.S.S. Bandara  (Independent Non-Executive Director)
Mr P.C. Guhashanka  (Non-Executive Independent Director)

52 Weeks Low: --                                                                      52 Weeks High: --

Average Trading Volume: 0

Company Financial at a glance:

Notes:
1. Company's 3,006,000 ordinary voting shares were listed by way of an introduction and permitted for trading from 02nd June 2011. 
2. The reference price of LKR. 1,562/= in respect of the ordinary voting shares has been decided upon by the Company.
3. Only 1 trade of 10 shares @ Rs. 2,200.00 was traded between the commencement of trade permitted and now (20/06/2014).

Total shares in Issue: 3,006,000

Top 20 Shareholders as at 31/03/2014




The percentage of Shares held by the Public as at 31st March 2014 was 10.87%.

The percentage of Foreign Holding as at 31st  May 2014 was 0.00%

Quote for the day

“Investors spend most of their time deciding what stock to buy. They spend little if any time thinking about when and under what circumstances their stock should be sold. This is a serious mistake.” - William O’Neil

Sunday 22 June 2014

How Inflation Helps Keep the Rich Up and the Poor Down

Jörg Guido Hülsmann writes: 
The production of money in a free society is a matter of free association. Everybody from the miners to the owners of the mines, to the minters, and up to the customers who buy the minted coins — all benefit from the production of money. None of them violates the property rights of anybody else, because everybody is free to enter the mining and minting business, and nobody is obliged to buy the product.
Things are completely different once we turn to money production in interventionist regimes, which have prevailed in the West for the better part of the past 150 years.Here we need to mention in particular two institutional forms of monetary interventionism: (fraudulent) fractional reserve banking and fiat money. The common characteristic of both these institutions is that they violate the principle of free association. They enable the producers of paper money and of money titles to expand their production through the violation of other people’s property rights.
Banking is fraudulent whenever bankers sell uncovered or only partially covered money substitutes that they present as fully covered titles for money. These bankers sell more money substitutes than they could have sold if they had taken care to keep a 100-percent reserve for each substitute they issued.
The producer of fiat money (in our days, typically, paper money) sells a product that cannot withstand the competition of free-market moneys such as gold and silver coins, and which the market participants only use because the use of all other moneys is severely restricted or even outlawed. The most eloquent illustration of this fact is that paper money in all countries has been protected through legal-tender laws. Paper money is inherently fiat money; it cannot thrive but when it is imposed by the state.
In both cases, the production of money is excessive because it is no longer constrained by the informed and voluntary association of the buying public. In a free market, paper money could not sustain the competition of the far superior metal moneys. The production of any quantity of paper money is therefore excessive by the standards of a free society. Similarly, fractional reserve banking produces excessive quantities of money substitutes, at any rate in those cases in which the customers are not informed that they are offered fractional-reserve bank deposits, rather than genuine money titles.
This excessive production of money and money titles is inflation by the Rothbardian definition, which we have adapted in the present study to the case of paper money. Inflation is an unjustifiable redistribution of income in favor of those who receive the new money and money titles first, and to the detriment of those who receive them last. In practice the redistribution always works out in favor of the fiat-money producers themselves (whom we misleadingly call central banks) and of their partners in the banking sector and at the stock exchange. And of course inflation works out to the advantage of governments and their closest allies in the business world. Inflation is the vehicle through which these individuals and groups enrich themselves, unjustifiably, at the expense of the citizenry at large. If there is any truth to the socialist caricature of capitalism — an economic system that exploits the poor to the benefit of the rich — then this caricature holds true for a capitalist system strangulated by inflation. The relentless influx of paper money makes the wealthy and powerful richer and more powerful than they would be if they depended exclusively on the voluntary support of their fellow citizens. And because it shields the political and economic establishment of the country from the competition emanating from the rest of society, inflation puts a brake on social mobility. The rich stay rich (longer) and the poor stay poor (longer) than they would in a free society.
The famous economist Josef Schumpeter once presented inflation as the harbinger of innovation. As he saw it, inflationary issues of banknotes would serve to finance upstart entrepreneurs who had great ideas but lacked capital. Now, even if we abstract from the questionable ethical character of this proposal, which boils down to subsidizing any self-appointed innovator at the involuntary expense of all other members of society, we must say that, in light of practical experience, Schumpeter’s scheme is wishful thinking. Credit expansion financed through printing money is in practice the very opposite of a way to combat the economic establishment. It is the preferred means of survival for an establishment that cannot, or can no longer, sustain the competition of its competitors.
It would not be uncharitable to characterize inflation as a large-scale rip-off, in favor of the politically well-connected few, and to the detriment of the politically destitute masses. It always goes in hand with the concentration of political power in the hands of those who are privileged to own a banking license and of those who control the production of the monopoly paper money. It promotes endless debts, puts society at the mercy of monetary authorities such as central banks, and to that extent entails moral corruption of society.
Source: http://www.marketoracle.co.uk/

Quote for the day

“I think that if people look deeply enough into their trading patterns, they find that, on balance, including all their goals, they are really getting what they want, even though they may not understand it or want to admit it.” – Ed Seykota

Saturday 21 June 2014

Ten Characteristics I See Among Successful Traders

By Brett Steenbarger, Ph.D.

There's no one formula for trading success, but there are a few common denominators that I've tracked in my years of working with traders:

1) The amount of time spent on their trading outside of trading hours (preparation, reading, etc.);

2) Dedicated periods to reviewing trading performance and making adjustments to shifting market conditions;

3) The ability to stop trading when not trading well to institute reviews and when conviction is lacking;

4) The ability to become more aggressive and risk taking when trading well and with conviction;

5) A keen awareness of risk management in the sizing of positions and in daily, weekly, and monthly loss limits, as well as loss limits per position;

6) Ongoing ability to learn new skills, markets, and strategies;

7) Distinctive ways of viewing and following markets that leverage their skills;

8) Persistence and emotional resilience: the ability to keep going in the face of setback;

9) Competitiveness: a relentless drive for self-improvement;

10) Balance: sources of well-being outside of trading that help sustain energy and focus.

Over the years, I've learned to respect more the traders who sustain success over many years than the traders who have blow-out individual years of profitability. The above criteria are a kind of check-list one can use to determine if you share the qualities I see among those career successes.

Source: http://traderfeed.blogspot.co.uk/

10 Lessons to Teach Your Kids About Money

Four Guiding Principles:
1. Educate yourself. You can’t teach something you don’t know about yourself. Learn as much as possible about budgeting, about saving, about investing, about cutting expenses, about reducing debt. Armed with knowledge, you’ll be a good teacher.

2. Set a good example yourself. It’s one thing to tell your kids something, but if you are doing the complete opposite, they’ll learn more from your actions than your words. To teach them about controlling spending, you have to do so yourself. Lead by example.

3. Teach them one habit at a time. Your kids are not going to become skilled financial planners overnight, or in one month, or even in a year. Your goal should be to teach them these lessons over the course of their childhood and adolescence. So teach one thing at a time, until they’ve learned the skill, and then move on to the next. There’s no rush.

4. Let them learn by doing. You can’t teach by telling. You have to tell (briefly), then show, then let them do. Let them make mistakes. And then talk about those mistakes. Soon enough, they’ll learn why those mistakes were actually mistakes, and if you set it up right, they’ll learn better habits on their own, by doing.

So with those principles to guide you, here are 10 valuable lessons you can teach your kids about money.

Edited article from: http://www.tflguide.com


Lessons to Teach Your Kids About Money 10 Lessons to Teach Your Kids About Money & why its so important

Quote for the day

“Fundamental analysis: Very powerful in terms of determining long-term direction, but lacks short-term applicability.” - John Forman

Friday 20 June 2014

20-Jun-2014 CSE Trade Summary


Company Fact Sheet: Horana Plantations PLC - HOPL:N0000

About the company:

Established: 1992                                 Quoted Date: 1996-02-12                  Sector: Plantations

Horana Plantations PLC is a Sri Lanka-based company engaged in the cultivation, manufacture and sale of tea, rubber and other agricultural produce. The Company’s sixteen estates are spread over a total area of 7,534 hectares primarily in the Central and Western Provinces of Sri Lanka. During the fiscal year ended March 31, 2014, the Company produced 4.6 million kilograms of tea from both estate crop and bought crop, and 1.6 million kilograms of rubber. As of March 31, 2014, the Company's immediate parent entity was Vallibel Plantation Management Ltd., while its ultimate parent entity was Vallibel One PLC.

Deputy Chairman: Mr K.D.D. Perera 

Executive Chairman: Mr W.D.N.H. Perera

Chief Executive Officer: Mr J.M. Kariapperuma

Board of Directors:
Mr M.S.K.P. Wijesinghe 
Mr A.N. Wickremasinghe  (Independent Non-Executive Director)
Mr L.J.A. Fernando 
Mr D.A. Wijesekera  (Alternate Director to L.J.A. Fernando)
Dr S. Selliah 
Mr K.D.G. Gunaratne (Alternate Director to Mr. K.D.D. Perera)
Mr K.D.H. Perera  (Independent Non-Executive Director)
Mr A.M. Pandithage 
Mr N.T. Bogahalande  (Alternate Director to Mr. K.D.H. Perera)

52 Weeks Low: 19.90                                                                     52 Weeks High: 29.40

Average Trading Volume: 87,750

Company Financial at a glance:

Total shares in Issue: 25,000,001

Top 20 Shareholders as at 31/03/2014



The percentage of Shares held by the Public as at 31st March 2014 was 49.00%.

The percentage of Foreign Holding as at 31st May 2014 was 10.75%