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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyToday at 6:10 pm by ruwan326

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyYesterday at 6:52 am by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri May 17, 2019 7:53 pm by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri May 17, 2019 3:40 pm by Backstage

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri May 17, 2019 2:43 pm by Backstage

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu May 16, 2019 8:00 pm by hammurabi

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed May 15, 2019 6:42 pm by Rana

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri May 10, 2019 7:15 pm by Backstage

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu May 09, 2019 7:54 pm by ruwan326

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyMon May 06, 2019 1:50 pm by Backstage

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptySun May 05, 2019 6:51 pm by Backstage

» In the Meantime, Within Our Shores !
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu May 02, 2019 11:27 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 26, 2019 8:18 am by කිත්සිරි ද සිල්වා

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyMon Apr 22, 2019 12:38 pm by ruwan326

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» Little Known Facts !
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

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Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Hayleys buys balance 9.47-stake in Singer Sri Lanka EmptyTue Apr 02, 2019 11:11 am by Backstage

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Hayleys buys balance 9.47-stake in Singer Sri Lanka

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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by The Invisible on Tue Oct 16, 2018 7:28 am

ECONOMYNEXT - Hayleys Plc, has bought a remaining 9.47 percent stake in consumer durables retailer Singer Sri Lanka Plc, for 1,671 million rupees.

In September 2017, Hayleys bought control from Singer Sri Lanka for 10.8 billion rupees, in what was the largest trade in the Colombo Stock Exchange.

Hayleys, and its units Carbotels and Volanka bought a 61.73 percent stake at the time also for 47 rupees a share.

Retail Holdings NV, the previous parent had the option of selling remaining shares within the next 12 to 15 months.

Sri Lanka's rupee, which has an unstable soft-peg to the US dollar has fallen since then. (Colombo/Oct15/2018)
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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Re: Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by yellow knife on Tue Oct 16, 2018 7:31 am

Thanks Invisble. Hayleys is a long-term player. Definitely he who control Ceramics, Tiles, aluminum would control the electronic soon.

Hayleys buys balance 9.47-stake in Singer Sri Lanka 51cYFns4mjL._SX324_BO1,204,203,200_

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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Re: Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by PANTOMATH on Tue Oct 16, 2018 7:39 am

With the recent acquisition,HAYL will have more pressure on their finance cost.Unless they go for PP,Debenture or a right issue,HAYL will not be able to make good profit.
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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Re: Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by serene on Tue Oct 16, 2018 7:43 am

Thanks Invinsible.
If Hayleys values it at 47. Won't it be a better for us to value at 31.

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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Re: Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by PANTOMATH on Tue Oct 16, 2018 7:49 am

serene wrote:Thanks Invinsible.
If Hayleys values it at 47. Won't it be a better for us to value at 31.
People like DP have longterm plans and they hold like Buffet.We ordinary people shouldn't follow them blindly.To get an idea refer financial statements of last few quarters of SINS.
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Post by serene on Tue Oct 16, 2018 7:55 am

PANTOMATH wrote:
serene wrote:Thanks Invinsible.
If Hayleys values it at 47. Won't it be a better for us to value at 31.
People like DP have  longterm plans and they hold like Buffet.We ordinary people shouldn't follow them blindly.To get an idea refer financial statements of last few quarters of SINS.
Yap.Even the NAV is very low if my memory serves right.
Should be a speculative play.
Mandatory offer / or would Hayleys sell as their gearing ratio is not at a comfortable levels.
No one should invest on this if he is not dare to loose at this juncture.

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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Re: Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by PANTOMATH on Tue Oct 16, 2018 7:58 am

serene wrote:
PANTOMATH wrote:
serene wrote:Thanks Invinsible.
If Hayleys values it at 47. Won't it be a better for us to value at 31.
People like DP have  longterm plans and they hold like Buffet.We ordinary people shouldn't follow them blindly.To get an idea refer financial statements of last few quarters of SINS.
Yap.Even the NAV is very low if my memory serves right.
Should be a speculative play.
Mandatory offer / or would Hayleys sell as their gearing ratio is not at a comfortable levels.
No one should invest on this if he is not dare to loose at this juncture.
If my memory serves right DP paid 2 PBV for the transaction.with recent losses SINS NAVPS should be around 17-18,will see with next report.
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Hayleys buys balance 9.47-stake in Singer Sri Lanka Empty Re: Hayleys buys balance 9.47-stake in Singer Sri Lanka

Post by yellow knife on Tue Oct 16, 2018 8:24 am

PANTOMATH wrote:With the recent acquisition,HAYL will have more pressure on their finance cost.Unless they go for  PP,Debenture or a right issue,HAYL will not be able to make good profit.

Yes... Even Plantation sector will get affected due to Iran sanctions. Hayleys will have tough time ahead. Yet they must have good strategies.. Rights will not be an option in a down market. NDB would have tasted the bitter pill. Dankotuwa also failed rights in a down market.

However Hayleys will prepare with superb strategies.


********************************************************

Monopolies often perform better than others. Krueger created a Monoploy of a simple product box of matches. Who cares even if the price of small things doubled giving super profits to the manufacturer.

Hayleys buys balance 9.47-stake in Singer Sri Lanka Scams

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