Friday, 8 August 2014

Quote for the day

“Observation, experience, memory, and mathematics — these are what the successful trader must depend on… He must bet always on probabilities — that is, try to anticipate them.” - Jesse Livermore

08-Aug-2014 CSE Trade Summary

Company Fact Sheet: Asia Asset Finance PLC - AAF:N0000

About the company:

Established: 2008                                        Quoted Date: 2012-01-12         Sector: Banks Finance Insurance

Asia Asset Finance Limited is principally engaged in the provision of financial intermediation services through range of financial products. The Company primarily offers personal and corporate financial services, including margin trading services, corporate loans, lifestyle and well being loans, business loans for women, group personal loans, educational loans, three wheel portfolio, saving services, check discounting services, factoring services, micro finance services, pawning services, as well as agro finance services, among others. The Company operates its businesses through branches in Western Province including Negombo, Kaluthara, Gampaha, Moratuwa and outstation branches at Jaffna, Galle, Kurunegala, Batticloa and Wennappuwa.

Chairman: Mr Hiniduma Liyanage Lakpriya Manohan Nanayakkara

Director / Chief Executive Officer: Mr .Rajiv James Abeywickrema Gunawardena

Board of Directors:
Mr S. Abeyesinhe  (Non Executive Director)
Mr Chandrakumar Ramachandra  (Independent Director)
Ms Dayangani Priyanthi Pieris 
Mr G.D. Gunarathna  (Non Executive Independent Director)
Mr V. Siva  - Jr
Mr R.A.T.P. Perera 
Mr H.D.S. Thushara  (Alternate Director to Mr V. Siva Jr)
Mr W.A.S. Weerasinghe  (Alternate Director to Mr. S. Abeysinhe)
52 Weeks Low: 1.50                                                                   52 Weeks High: 2.80

Average Trading Volume: 496,920

Company Financial at a glance:

1. On 12th January 2012 559,471,889 shares were listed by way of IPO. Total number of shares were offered in the 1st Tranche 120,000,000 and in the 2nd Tranche 50,160,129 at Rs. 2.50. Total Number of shares were allotted 118,316,000.
2. On 17th July 2014 Board of AAF announced Rights Issue in the proportion of 1:2 @ Rs, 1.60.
Total shares in Issue as at 31-03-2014: 559,471,889

Top 20 Shareholders as at 31/03/2014

The percentage of Shares held by the Public as at 31st March 2014 was 26.39%.

The percentage of Foreign Holding as at 30th June 2014 was 1.67%

Quote for the day

“As long as a stock is acting right, and the market is right, do not be in a hurry to take a profit. You know you are right, because if you were not, you would have no profit at all. Let it ride and ride along with it. It may grow into a very large profit, and as long as the “action of the market does not give you any cause to worry,” have the courage of your convictions and stay with it.”  - Jesse Livermore