Tuesday, 10 June 2014

Company Fact Sheet: Udapussellawa Plantations PLC - UDPL:N0000

About the company:

Established: 1992                                 Quoted Date: 1998-05-04                  Sector: Plantations

Udapussellawa Plantations PLC is a Sri Lanka-based company mainly engaged in the cultivation, manufacture and marketing of tea, rubber and forestry produces, operating mainly in the Central Province of Sri Lanka. As of December 31, 2013, the Company's parent undertaking was James Finlay Plantation Holdings (Lanka) Limited, and its ultimate parent undertaking and controlling party was John Swire & Sons Limited, which was incorporated in England.

Chairman: Mr N.K.H. Ratwatte 

Board of Directors:
Mr E.R.C. Moraes 
Mr M. Vamadevan 
Mr J.M. Rutherford  (Non-Executive Director)
Mr J. Molligoda 
Mr R.J Mathison 
Mr D.H. Madawala 
Mr R.A.D.R. Ramanayake 
Mr A.N. Wickramasinghe (Non-Executive Director)
Mr S.C. Swire  (Non-Executive Director)

52 Weeks Low: 21.00                                                                        52 Weeks High: 32.50

Average Trading Volume: 311

Company Financial at a glance:

Notes:
1. 7,600,000 Ordinary Shares of the Company were allotted on 18th August 2000, pursuant to a 4:5 Rights Issue @ Rs. 12.50.
2. On January 1, 2001 Debentures to the value of Rs. 150 million were converted to 2,298,850 ordinary shares at the par value of Rs. 10 plus a premium of Rs. 55.25.

Total shares in Issue: 19,398,851

Top 20 Shareholders as at 31/03/2014

The percentage of Shares held by the Public as at 31st March 2014 was 8.11%.

The percentage of Foreign Holding as at 31st  May 2014 was 19.29%

Quote for the day

“I would put it this way: I do not play according to a given set of rules; I look for changes in the rules of the game.” -  George Soros

Monday, 9 June 2014

09-Jun-2014 CSE Trade Summary


Company Fact Sheet: John Keells PLC - JKL:N0000

About the company:

Established: 1960                               Quoted Date: 1974-01-01         Sector: Services

John Keells PLC is engaged in produce broking and real estate ownership. The Company, through its subsidiaries, is engaged in the broking of tea and rubber. The Company also has interest in office space and warehouse space rental, and stock broking services. Its subsidiaries include John Keells Stock Brokers (Pvt) Limited, which provides stock broking services, and John Keells Warehousing (Pvt) Limited, which provides warehousing facilities. The Company is the subsidiary of John Keells Holdings PLC.

Chairman: Mr S.C. Ratnayaka 

Chief Executing Officer: Mr S. Munasinghe 

Board of Directors:
Mr A.D. Gunewardene 
Mr J.R.F. Peiris 
Ms Y.A.J. Hansen 
Ms S.T. Ratwatte 
Mr T. De Zoysa 
Mr R.S. Fernando 

52 Weeks Low: 65.50                                                                          52 Weeks High: 90.00

Average Trading Volume: 3,510

Company Financial at a glance:

Notes:
1. In August 2010 each existing Ordinary Voting shares were sub divided into 2 shares.
2. In July 2011 each existing Ordinary Voting shares were sub divided into 2 shares.


Total shares in Issue: 60,800,000

Top 20 Shareholders as at 31/03/2014

The percentage of Shares held by the Public as at 31st March 2014 was 13.10%.

The percentage of Foreign Holding as at 31st March 2014 was 0.39%

Quote for the day

“If one neglects the laws of learning, a sentence is imposed that he is forever chained to his ignorance.” - Sterling Sill

Sunday, 8 June 2014

How To Survive That First Year Trading

Too many traders enter the markets with the get rich quick scheme, the delusion that trading is an easy way to make money, or too lazy to put in the effort it will take which is measured in years to be successful not hours. New traders need to focus completely on surviving that first year of trading not going big to get rich. With the chips of slippage, commission fees, and even taxes stacked against the trader this is a serious endeavor. A lot of trading is also done against algos, professionals, and traders that have been trading for decades so be better have an edge and use it with discipline so they do not take your money. Your profits have to come from out trading others, you have to beat the traders that did not do their homework. With 90% of traders typically not even surviving here is my advice to join the 10% of consistently profitable traders.

  1. Spend at least a year learning how to trade before you ever take that first trade in real money.
  2. Find online resources, books, and real traders to get some insights on what you need to study to learn to trade.
  3. Learn about technical indicators like price action, moving averages, support and resistance, trends, RSI, etc.
  4. Study historical price action on charts and learn how to back test ideas.
  5. When you start to trade, trade small enough so the out come will matter but not engage your emotions or ego and affect your judgement.
  6. Fully understand the mathematics of over coming draw downs and the risk of ruin so you do not blow up your account in that first year.
  7. Develop a robust trading methodology first, then you can trade.
  8. Do not start trading until you have a written trading plan quantifying entries and exits along with position sizing.
  9. Your goal can not be to trade for a living at first, your first goal is to trade profitably, then you will need multiple six figures to even considering trading for a living.
  10. You have to love trading to create the energy to be able to do the work it takes to break through to success. You will not see results or it being worth the trouble until much later than when you begin.

Source: By Stephen Burns - www.newtraderu.com

Quote for the day

“Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well.” - Warren Buffett