Net Asset Value of Finance & Leasing Companies quoted on the Colombo Stock Exchange

CSE - Percentage wise Top 20 Gainers and Losers in May 2014 & YTD

Top Gainers in May 2014

Top Losers in May 2014

Top Gainers YTD

Top Losers YTD

Quote for the day

“ The problem with the person who thinks he’s a long-term investor and imperivous to short-term gyrations is that the emotion of fear and pain will eventually make him sell badly.” - Robert Wibbelsmen

30-May-2014 CSE Trade Summary

Company Fact Sheet: Industrial Asphalts (Ceylon) PLC - ASPH:N0000

About the company:

Established: 1964                Quoted Date: 1978-01-01            Sector: Chemical & Pharmaceuticals

Industrial Asphalts (Ceylon) PLC is engaged in the manufacture and distribution of bituminous products. The Company is also engaged in the distribution of a specialist range of surface coatings and industrial Chemicals.

Chairman: Mr J.V.R. Joseph  

Board of Directors:
Mr N.E. Aluvihare 

Mr E.W.B. Dabare 

Mr S.R. Ekanayaka 

Mr M.C.P. Fernando 

52 Weeks Low: 180.00                                                               52 Weeks High: 268.00

Average Trading Volume: 84

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 666,562

Top 20 Shareholders as at 31/12/2013:

Percentage of public holding as at 31st December 2013 was 34.00%

The percentage of Foreign Holding as at 30th April 2014 was 1.27%

Quote for the day

“ You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right-and that’s the only thing that makes you right.” - Warren Buffett

29-May-2014 CSE Trade Summary

Company Fact Sheet: Aitken Spence Hotel Holdings PLC - AHUN:N0000

About the company:

Established: 1978                Quoted Date: 1980-01-01            Sector: Hotels & Travels

Aitken Spence Hotel Holdings PLC is a Sri Lanka-based company engaged in hoteliering. The Company operates a chain of 25 hotels and resorts in Sri Lanka, Maldives, India and Oman. Its hotels in Sri Lanka include The Tea Factory, Nuwara Eliya; Earl's Regency, Kandy; Ramada Resort, Kalutara; Neptune Hotel, Beruwela, Neptune Ayurveda Village, Beruwala; Browns Beach Hotel, Negombo; Hotel Hill Top, Kandy, and Bandarawela Hotel, Bandarawela. The Company's hotels in India include Poovar Island Resort, Poovar Ayurveda Village, Trivandrum; Barefoot at Havelock, Adaman Islands; Atithi, Puducheery and Tamara, Coimbatore. Its hotels in Oman include Al Falaj Hotel, Muscat; Ruwi Hotel, Muscat; Sur Plaza Hotel, Sur; Al Wadi Hotel, Sohar and Desert Nights Camp, Al Wasil. Its hotels and resorts in Maldives include Adaaran Prestige, Vadoo; Adaaran Prestige Water Villas, Meedhupparu; Adaaran Select, Meedhupparu, Adaaran Prestige Ocan Villas, HudhuRan Fushi and Adaaran Club Rannalhi.

Chairman: Mr D.H.S. Jayawardena 

Managing Director: Mr J.M.S. Brito 

Board of Directors:
Mr R.E.V. Casie Chetty 
Mr S.M. Hapugoda 
Mr C.M.S. Jayawickrama 
Mr G.P.J. Goonewardena
Mr R.N. Asirwatham 
Mr C.H. Gomez 
Mr N.J. de S. Deva Aditya 

52 Weeks Low: 62.10                                                              52 Weeks High: 79.50

Average Trading Volume: 22,770

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 336,290,010
Total Preference shares in Issue: 16,500,000 (9% Cum Redeemable)

History of movement in Ordinary Share Capital:

Top 20 Shareholders as at 31/03/2014:

Percentage of public holding as at 31st March 2014 was 25.39%

The percentage of Foreign Holding as at 30th April 2014 was 2.90%

Quote for the day

"Financial peace isn't the acquisition of stuff. It's learning to live on less than you make, so you can give money back and have money to invest. You can't win until you do this." - Dave Ramsey

28-May-2014 CSE Trade Summary

Company Fact Sheet: E-Channelling PLC - ECL:N0000

About the company:

Established: 2002                Quoted Date: 2002-05-21            Sector: Information Technology

e-Channelling PLC is a Sri Lanka-based company. The principal activity of the Company is to operates an Internet based electronic commerce (e-commerce) business to promote provide channelling service to consult doctors and related medical services.

Chairman / Chief Executive Officer: Mr W.D.J. Ruwan Silva 

Board of Directors:
Ms A.A. Aziz 

Mr D.J. Stephen  (Non Executive Independent Director)

Mr S.A. Hettiarachchi  (Non-Executive Independent Director)

Mr H.A.S. Kumar 

Mr T. Koike

52 Weeks Low: 3.30                                                               52 Weeks High: 15.40

Average Trading Volume: 6,430

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 122,131,415

Notes:
1. On 21st May 2002 10,468,407 Ordinary Shares of the Company were indexed pursuant to an IPO. ( Offered 6,666,667  @ Rs. 15.00 : Subscribed by Public - 3,118,400 )
2. 6,978,938 Ordinary Shares of the Company were allotted on 21st September 2005, pursuant to a 2:3 Rights Issue @ Rs. 10.00.
3. In 2011, existing 17,447,345 Ordinary shares of the Company into 122,131,415 Ordinary Shares by subdividing (splitting) each existing share into Seven (7) new shares without any change to the Stated Capital of the Company.

Top 20 Shareholders as at 31/03/2014:

Percentage of public holding as at 31st March 2014 was 28.62%

The percentage of Foreign Holding as at 30th April 2014 was 33.49%

See how quickly tech giants build wealth

Click image to open interactive version (via WorldPay Zinc).

Quote for the day

“ Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.” - Warren Buffet

27-May-2014 CSE Trade Summary

Company Fact Sheet: Ceylon & Foreign Trades PLC - CFT:N0000

About the company:

Established: 1949                Quoted Date: 1979-01-01            Sector: Trading

Ceylon and Foreign Trades PLC is a Sri Lanka-based company engaged in exporting Sri Lankan produce and manufactured goods, importing, as well as acting as an indent agent. Its products include desiccated coconut, cinnamon, cloves, nutmegs, black pepper and mace, among others. As of March 31, 2013, the Company had two subsidiaries, which were non-operational. In addition, its associate, On'ally Holdings PLC, owns Unity Plaza in Colombo, Sri Lanka and specializes in renting out office and shop space.

Chairman: Dr S.A. Gulamhusein 

Board of Directors:
Mr T.A. Gulamhusein
Mr G.I. Shabbir
Dr G.H.A.A. Shabbir

Mr D.C. Gunasekara 

Mr A.Y. Tyebkhan

Mr A.D.E.I. Perera 

Mr L.W.W.Priyankara 

Mr I. Zahir  (Independent Director)

52 Weeks Low: 5.10                                                               52 Weeks High: 9.00

Average Trading Volume: 3,620

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 140,196,000

Notes:
1.In 2008, existing 1,401,960 Ordinary shares of the Company into 14,019,600 Ordinary Shares by subdividing (splitting) each existing share into Ten (10) new shares without any change to the Stated Capital of the Company of Rs.14,119,600.
2. In 2010, existing 14,019,600 Ordinary shares of the Company into 140,196,000 Ordinary Shares by subdividing (splitting) each existing share into Ten (10) new shares without any change to the Stated Capital of the Company of Rs.14,119,600.

Top 20 Shareholders as at 31/12/2013:

Percentage of public holding as at 31st December 2013 was 26.38%

The percentage of Foreign Holding as at 30th April 2014 was 0.43%

Quote for the day

“When once caught in the maelstrom of stock speculation the average man becomes more or less mesmerized, and at critical moments his conservatism, his resolutions and his theories all take flight. Under the discomposing influence of a rapid succession of changing values and alternating impulses he loses his perspective, is incapable of calm reasoning, and is likely to do precisely the opposite of what he had intended to do.” -  Henry Howard Harper, The Psychology of Speculation

26-May-2014 CSE Trade Summary

Company Fact Sheet: Colombo Investment Trust PLC - CIT:N0000

About the company:

Established: 1986                Quoted Date: 1987-06-11            Sector: Investment Trust

Colombo Investment Trust PLC is a Sri Lanka-based company engaged in holding and managing an investment portfolio. The Company's investment sectors include banks, finance and insurance; beverages, food and tobacco; chemicals and pharmaceuticals; diversified holdings; footwear and textiles; healthcare; hotels and travels; investment trusts; land and property; manufacturing, motors, plantations; power and energy; services; telecommunications and trading. As of March 31, 2013, the Company's quoted investments included Asia Capital PLC, Aviva N D B Insurance PLC, Ceylinco Insurance PLC, Commercial Bank of Ceylon PLC, HNB Assurance PLC and Janashakthi Insurance PLC, among others

Chairman: Mr A. Rajaratnam

Deputy Chairman: Mr S.D.R. Arudpragasam

Board of Directors:
Mr S. Shanmugalingam
Mr A.M.DE.S. Jayaratne (Independent Non Executive Director)

Mr J.M. Swaminathan (Independent Non Executive Director)

Mr S. Rajarathnam
Mr Rajaratnam Anushman (Alternate Director to Mr. A. Rajaratnam)

52 Weeks Low: 75.00                                                               52 Weeks High: 159.90

Average Trading Volume: 305

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 6,500,000

Notes:
1. 600,000 Ordinary Shares of the Company were allotted on 29th June 1992, pursuant to a 2:5 Rights Issue @ Rs. 20.00.
2. 900,000 Ordinary Shares of the Company were allotted on 18th March 1994, pursuant to a 3:7 Rights Issue @ Rs. 20.00.
3. 100,000 Ordinary Shares of the Company were allotted on 26th March 1998, pursuant to a 1:2 Rights Issue @ Rs. 10.00.(Offered 1,500,000)

4. 1,033,333 Ordinary Shares of the Company were allotted on 9th August 2004, pursuant to a 1:3 Rights Issue @ Rs. 10.00.

5. 1,366,667 Ordinary Shares of the Company were allotted on 3rd November 2008, pursuant to a 1:3 Rights Issue @ Rs. 20.00.(Offered 1,377,777)
6. 1,000,000 Ordinary Shares of the Company were allotted on 7th August 2012, pursuant to a 2:11 Rights Issue @ Rs. 80.00.

Top 20 Shareholders as at 31/12/2013:

Percentage of public holding as at 31st December 2013 was 12.16%

The percentage of Foreign Holding as at 30th April 2014 was 1.60%

Quote for the day

“Most people just cannot weather the learning curve. As soon as it gets difficult, and their approach isn't working up to their expectations, they begin to look for something else. As a result, they become slightly efficient in many areas without becoming very good in any single methodology. The reality is that it takes a very long time to develop a superior approach, and along the way, you are going to go through periods where you do poorly. Ironically, those are the periods that give you the most valuable information.” - Mark Minervini

10 Little Known Facts About Benjamin Graham

Benjamin Graham was Warren Buffett’s mentor; wrote the book ‘The Intelligent Investor’; and is hailed as one of the investment world’s most influential people. But, what are the devilish details that made this man tick?

For starters, Graham spent his time translating old texts into various languages. He once translated Homer into Latin for fun! Here are some lesser know facts about the man that many called simply “Ben.”

• He’s often called the “Great American Investor,” but Graham was born in London, England.

• Graham’s real name was Benjamin Grossbaum. His family changed their last name for fear of anti-German sentiment following WWI. The name ‘Graham’ stuck, and that’s even the name listed on Graham’s obituary!

• Graham’s first job was that of a chalker with the firm Newburger, Hendersen, and Loeb. He was swiftly promoted to the financial research division of the company as soon as his talents were recognized. A good move!

• At 25-years old, Graham was earning more than $500,000 a year!

• The 1929 crash caused Graham to lose some of his money, and his wife had to go back to work as a dance teacher – even Benjamin Graham had lessons to learn!

• After partnering with Jerome Newman in 1926, the Graham-Newman Corporation was formed. He spent evenings teaching at Columbia University. It is said that Graham was a kind and patient teacher!

• Graham is credited with being the ‘Father of Security Analysis and Value Investing.’

• Warren Buffett was a student in one of Graham’s classes at Columbia University. When Buffett asked for a job with Graham’s firm, he was turned down! A persistent Buffett kept on asking – proof that persistence pays off! Eventually Graham accepted Buffett’s resume, and the two became lifelong friends.

• Warren Buffett’s first son is named Howard Graham Buffet as homage to his teacher and mentor. Buffet credits Graham with his investment beginnings.

• Graham died at age 82 in Aix-en-Provence, France.

Source: http://blog.wallstreetsurvivor.com/

7 Simple Rules to Follow When the Market Gets Ugly

Educated investors and traders don't panic in volatile markets, and neither should you. Here's some expert advice to help protect your capital and ride out the storm.


Source: http://www.tradingacademy.com/

Quote for the day

“Contrary to popular belief, trading is a craft. Like an artisan who develops a craft over a lifetime, it requires a discipline to be exercised daily.” – Mike Bellafiore

10 Famous Investment Quotes And What We Can Learn From Them

The wise words of super-famous investors, beautifully wrapped up into one perfectly concise sentence… famous investment quotes are pretty much where the stock market and poetry meet.

But when you really stop and think about it, these super-successful billionaire investing gurus have it pretty tough. You put in all that hard work over the years to make your money – and suddenly people want, nay, expect you to give them the secret to your success in ten words or less!

Fortunately, a lot of those successful investors seem happy to oblige. From Warren Buffett to Peter Lynch (with detours via the likes of Benjamin Franklin and Michael Jordan), here are 10 nuggets of investing wisdom, and what we can all learn from them.

Here are 10 famous investment quotes by famous investors that teach us famous lessons so we can hopefully one day be just as famous:

1. Sir John Templeton, investor and mutual-fund pioneer

“The four most dangerous words in investing are: ‘this time it’s different.’”

In the dot-com bubble of the late 1990s, people said it didn't matter that most of the internet stocks had never come close to turning a profit: this was a ‘new economy’. Things were different. In the more recent real-estate boom, it didn’t matter that homes were overvalued: we were protected by those complicated derivatives that nobody really understood. Things were different.

The Lesson: Any time you hear that things are different this time, invest as if things are the same as they always were.

2. John D Rockefeller, the world’s richest man in the late 1800s

“The way to make money is to buy when blood is running in the streets.”

It sounds pretty callous, but it’s true. Take a look at any stock chart over a long period, and you’ll see some pretty big dips. Those were obviously the best buying opportunities, but they were also the times when the experts were urging you to sell. It takes courage to buy when everyone else is running for the hills, but if you believe in the long-term fundamentals of the company involved, it’s the right thing to do.

The Lesson: Think long-term. If the long-term outlook is good, then temporary crises are just great buying opportunities.

3. Peter Lynch, successful Fidelity fund manager

“Know what you own, and know why you own it.”

Some investors spend small fortunes on specialist newsletters in which someone else tells them what to buy. Others place their faith in stock tips from a neighbor, a friend, or a guy in a bar. Peter Lynch knew that successful investing was hard work, and that nobody else could do it for him. He studied companies in immense detail, only investing when he was sure he understood their business model and prospects completely.

The Lesson: Do the hard work, and trust your own research, not someone else’s opinion. 

4. Warren Buffett, the ‘Sage of Omaha’

“Wide diversification is only required when investors do not understand what they are doing.”

This is an interesting one, because it goes against most investing advice you’ll read. Newspapers and websites preach diversification, because it’s a safe investing style that works for most people. But Buffett didn’t get rich by diversifying. He made big calls on stocks he was super-confident about, and because he knew what he was doing, those calls paid off.

The Lesson: If you can honestly say that you understand exactly what you’re doing and what the risks are, take bolder positions on fewer stocks. If not, broad diversification is still the safest bet.

5. Paul Samuelson, Nobel Prize-winning economist

“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.”

Most of the people quoted in this article got rich slowly. They took advantage of long-term growth, the compounding effect – things that are dull, but effective. When they’d bought a stock, they didn’t worry about every zig and zag of the price. They were thinking decades, not minutes.

The Lesson: Embrace dullness. If you really want to speculate on whims and hunches, do it with a limited amount of money that you can afford to lose (some people call this a ‘Mad Money’ account). 

6. Benjamin Franklin, Founding Father

“An investment in knowledge pays the best interest.”

What’s better: doubling your money on a stock pick, or learning something that helps you make more money for the rest of your life? Clearly it’s the latter. The best investors don’t ever think of their education as complete – there’s always something new to learn. 

The Lesson: Before you invest in stocks or bonds, invest in yourself.

7. Benjamin Graham, pioneering value investor

“In the short run, the market is a voting machine, but in the long run it is a weighing machine.”

Will the market go up or down today? It depends on the confidence of thousands of investors and traders (mostly institutional), which can shift from bullishness to panic in a heartbeat. Will the market go up or down over the next ten years? It depends on how much money companies make in that time. That’s what Graham was saying, and it’s a valuable lesson. Try to tune out the popularity contest, and focus on weighing the merits of each investment.

The Lesson: You can’t predict the short-term emotional ups and downs of the market, but you can assess long-term value, so invest based on that.

8. Jim Cramer, TV personality and former hedge-fund manager

“Every once in a while, the market does something so stupid it takes your breath away.”

It’s easy to spot these moments of stupidity in hindsight, but not so easy at the time. As Graham said, the market is a voting machine in the short run, and sometimes voters make bad decisions (remember Dan Quayle?). So be prepared for the unexpected, and try to avoid getting caught up in either ‘irrational exuberance’ or panic.

The Lesson: Trust your own judgment, and don’t follow the herd when it seems to be running off a cliff.

9. Jack Bogle, Vanguard founder

“Don’t look for the needle in the haystack. Just buy the haystack!”

This is the opposite of Warren Buffett’s advice. Which one to choose? It depends on an honest assessment of your own ability. If you think you can emulate Buffett’s knowledge, work ethic and stock-picking prowess, make a few big investment calls. For most people, however, Bogle’s advice works best. The market as a whole generally gives good long-term returns, so save yourself the stress and just buy an index fund.

The Lesson: It’s tough to beat the market, but just matching it will generally make you good money in the long run.

10. Basketball star Michael Jordan

Well, OK, this quote wasn’t originally about investing, but is definitely worth reading every time you get the urge to click the “Buy” button on a hot stock tip.

“The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.”

Edited Article from: http://blog.wallstreetsurvivor.com/

What Determines a Stock Price?

Do you know what determines a stock price? There are a lot of complex formulas that affect a stock price, but in essence…

Price movement of a stock is caused by supply and demand in the market. If more people want to buy than sell then the price goes up, the inverse is true if more people want to sell a stock than buy, as surplus drives the price down.

Price movement can even be moved by people emotions.

To help you understand what determines a stock price, what affects it and defines it, I decided to create an infographic that breaks it all down.

Conclusion
The one thing we do know for sure is that stocks are volatile and prices can change rapidly. Always remember stock price fluctuations are dictated by supply and demand in the market, which reflect investor’s sentiments and evaluation of the present and future value of a stock.

There are many theories that try to explain the way stock prices move the way they do but no single theory explains everything.

Source: http://www.timothysykes.com/

Quote for the day

“That's been one of my mantras — focus and simplicity. Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it's worth it in the end because once you get there, you can move mountains.” - Steve Jobs

23-May-2014 CSE Trade Summary

Company Fact Sheet: Colombo Fort Investments PLC - CFI:N0000

About the company:

Established: 1983                Quoted Date: 1986-06-15            Sector: Investment Trust

Colombo Fort Investments PLC is a Sri Lanka-based company engaged in investing in the stock market and in other types of securities. The Company invests in sectors such as banks, finance and insurance; beverages, food and tobacco; chemicals and pharmaceuticals; diversified holdings; footwear and textiles; healthcare; hotels and travels; investment trusts; land and property; manufacturing; motors; plantations; power and energy; services; telecommunications; and trading.

Chairman: Mr A. Rajaratnam

Deputy Chairman: Mr S.D.R. Arudpragasam

Board of Directors:
Mr S. Shanmugalingam
Mr A.M.DE.S. Jayaratne (Independent Non Executive Director)

Mr J.M. Swaminathan (Independent Non Executive Director)

Mr S. Rajarathnam
Mr Rajaratnam Anushman (Alternate Director to Mr. A. Rajaratnam)

52 Weeks Low: 81.00                                                               52 Weeks High: 128.90

Average Trading Volume: 146

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 6,500,000

Notes:
1. 600,000 Ordinary Shares of the Company were allotted on 29th June 1992, pursuant to a 2:5 Rights Issue @ Rs. 20.00.
2. 900,000 Ordinary Shares of the Company were allotted on 18th March 1994, pursuant to a 3:1 Rights Issue @ Rs. 20.00.
3. 50,000 Ordinary Shares of the Company were allotted on 26th March 1998, pursuant to a 1:2 Rights Issue @ Rs. 10.00.(Offered 1,500,000)

4. 950,000 Ordinary Shares of the Company were allotted on 1st December 2003, pursuant to a 1:3 Rights Issue @ Rs. 10.00.(Offered 1,016,666)

5. 1,000,000 Ordinary Shares of the Company were allotted on 15th October 2004, pursuant to a 1:4 Rights Issue @ Rs. 15.00.
6. 1,500,000 Ordinary Shares of the Company were allotted on 30th July 2012, pursuant to a 3:10 Rights Issue @ Rs. 80.00.

Top 20 Shareholders as at 31/12/2013:

Percentage of public holding as at 31st December 2013 was 36.48%

The percentage of Foreign Holding as at 30th April 2014 was 1.55%

Quote for the day

“The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.” – Peter Lynch

22-May-2014 CSE Trade Summary

Company Fact Sheet: Tangerine Beach Hotels PLC - TANG:N0000

About the company:

Established: 1980                Quoted Date: 1983-01-01            Sector: Hotels & Travels

Tangerine Beach Hotels PLC is a Sri Lanka-based company. The principal activity of the Company is hoteliering. The Company has range of facilities to meet every need from banquets to business breakfasts, and a host of services from laundry, currency exchange to concierge, as well as a shopping arcade to browse for the gift to take home. The Company offers sport and recreation options to keep the Company entertained day or night, including a fully equipped gym.

Chairman & Joint Managing Director: Mr G.L.A. Ondaatjie 

Joint Managing Director: Ms A.M. Ondaatjie 

Board of Directors:
Mr G.G. Ondaatjie 

Mr V. Balasubramaniam 
Mrs C.A. Ondaatjie 
Mr T.J. Ondaatjie 

Mr N.H.V. Perera 

Mrs S.D. De Silva 

Mr L.H. Jayasinghe 

Mr P.S.R. Casie Chitty  (Non Executive Independent Director)

52 Weeks Low: 50.20                                                              52 Weeks High: 82.00

Average Trading Volume: 25

Company Financial at a glance:

Click Table to Enlarge

Total Voting shares in Issue: 20,000,000

Notes:
1. 730,000 Ordinary Shares of the Company were allotted on 20th April 1995, pursuant to a 17:100 Rights Issue @ Rs. 20.00.
2. 1,250,000 Ordinary Shares of the Company were allotted on 22nd January 1998, pursuant to a 1:4 Rights Issue @ Rs. 20.00.
3. In 1998 1,250,000 Ordinary Shares of the Company were allotted, pursuant to a 1:4 Bonus Issue.
4. 2,500,000 Ordinary Shares of the Company were allotted on 25th November 2003, pursuant to a 1:3 Rights Issue @ Rs. 20.00.
5. 10,000,000 Ordinary Shares of the Company were allotted on 18th April 2007, pursuant to a 1:1 Bonus Issue.

Top 20 Shareholders as at 31/12/2013:

Percentage of public holding as at 31st December 2013 was 35.30%

The percentage of Foreign Holding as at 30th April 2014 was 0.00%