"Believers mistake chance events for feats of amazing forecast accuracy and find – or look for – validation of their existing beliefs." - William A. Sherden
Tuesday, 12 August 2014
Company Fact Sheet: Abans Finance PLC - AFSL:N0000
About the company:
Established: 2005 Quoted Date: 2011-06-27 Sector: Banks Finance Insurance
Abans Finance PLC is a Sri Lanka-based company engaged in the acceptance of deposits, granting lease facilities, hire purchase, mortgage loans and other credit facilities, real estate development and related services. The Company operates through four segments: lease and stock out on hire, term loans, real estate and others. The company's product portfolio comprises finance leasing, hire purchase, mortgage loans, personal loans and consumer credit. As of March 31, 2014, the Company's parent and ultimate parent entity was Abans (Pvt) Ltd. As of the same date, it operated nine branches and five customer centers in eight provinces of Sri Lanka.
Chairman: Mr R. Pestonjee (Non-Executive)
Managing Director / Chief Executive Officer: Mr K.B. Wanigasekara Board of Directors:
Mr C.D. Pathirana (Non - Executive Director)
Mr K.B. Wanigasekara (Executive Director)
Mr V.K. Choksy (Independent Non - Executive Director)
Mr A.S. Ratnayake (Non-Executive Independent Director)
52 Weeks Low: 25.10 52 Weeks High: 34.50
Average Trading Volume: 12,100
1. On 27th June 2011 37,000,000 shares were listed by way of introduction.The reference price of LKR 9.50 is an indicative price and it's decided by the Company.
Debentures Listed on CSE:
Total shares in Issue as at 31-03-2014: 37,000,000
Top 20 Shareholders as at 31/03/2014
The percentage of Shares held by the Public as at 31st March 2014 was 10.04%.
The percentage of Foreign Holding as at 30th June 2014 was 0.028%
Quote for the day
“Being so critical, I am often considered a contrarian. But I am very cautious about going against the herd; I am liable to be trampled on... Most of the time I am a trend follower, but all the time I am aware that I am a member of the herd and I am on the lookout for inflection points.” - George Soros
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