Tuesday, 9 September 2014

09-Sep-2014 CSE Trade Summary

Company Fact Sheet: Eastern Merchants PLC (EMER.N0000)

About the company:

Established: 1945                                         Quoted Date: 1982-01-01                 Sector: Trading

Eastern Merchants PLC is engaged in exporting of rubber, desiccated coconuts, cinnamon and fiber. The Company's natural rubber is exported in several forms, such as Ribbed Smoked Sheet (RSS), Pale Crepe, Liquid Latex and Block Rubber (TSR). The Company also deals in various grades of Pale Crepe, which includes Thin & Thick grade 1 X, and No.1, as well as the lower grades of Thick Pale Crepe (No.2, 3 & 4). The Company is an exporter of Bristle Fiber from Sri Lanka. Bristle Fiber is derived from the husk of the coconut. After a process of retting in water, the Bristle Fiber is separated from the husks and hackled and combed into clean bristles of varied lengths. The Company's subsidiaries include Asia Brush (Pvt) Ltd., Eamel Exports Ltd. and Asian Woodware Company (Pvt) Ltd.

Chairman: Mr J.B.L. De Silva

Chief Executive Officer: Mr A.K Karunaratne

Board of Directors:

Mr H.J De Silva
Mr N.K.L. Tilaakaratna
Mr S.A. Chandraratne
Mr S. Jayakody (Finance)
Mr C.I. Tilakaratna 
Mr R.L. Nanayakkara (Non Executive Independent Director)
Mr H.P.J De Silva (Non Executive Independent Director)
Mr C.S.L De Silva
Mr I.P.De Zoysa

52 Weeks Low: 5.80                                                                52 Weeks High: 8.80
Average Trading Volume: 107,980

Company Financial at a glance:

Click Table to Enlarge

Total shares in Issue as at 30-06-2014: 117,446,000

Top 20 Shareholders as at 30/06/2014:

The percentage of Shares held by the Public as at 31st July 2014 was 24.49%.

The percentage of Foreign Holding as at 31st August 2014 was 11.44%.

Quote for the day

“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.” - George Soros