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» කිම් - ට්‍රම්ප් හමුව: දෙරටේ නායකයෝ සාකච්ඡා අරඹති
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sat Jun 16, 2018 8:20 am by spw19721

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Thu Jun 14, 2018 7:17 am by lanka

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SPEN.N0000

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SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:24 pm

Aitken Spence PLC has been in business for more than 150 years and can be considered as a MNC since its present in 7 countries. Its operations are not mere exports but involved in different regions including Asia, Africa and Asia Pacific. Thus they are bound by two international reporting standards G4 and IR.

Its business is scattered in 7 countries namely Sri Lanka, Maldives, India, Bangladesh, Oman, Mozambique and Fiji

One resource of Sri Lanka is its population and following chart indicates the population strength . For obvious reasons I remove India and Bangladesh as it dwarf the rest..

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:30 pm

Revenue of Aitken Spence is compared with other companies

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:34 pm

This diversified conglomerate has interests on
*Plantation
*BPO Services
*Insurance
*Printing
*Garments
*Hotels

Company was listed in CSE  since 1983

Company acts as agents for Lloyd's of London in Sri Lanka since 1876


Last edited by yellow knife on Fri Jul 24, 2015 3:47 pm; edited 1 time in total (Reason for editing : hotels)

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:37 pm

*Aitken Spence is Sri Lanka's largest provider of logistics solutions

****  SPEN. ventured into a partnership with teh Fiji Ports Corporation to oversee the management and operations of Suva and Lautoka ports, the largest in Fiji, making the first ever public private partnership by a Sri Lankan company overseas.

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:39 pm

SPEN is very innovative in business and first Luxury Living Community-Heritage Grove, aimed at attracting expatriates to the country for their retirement..

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:41 pm

Profit of the company is above 4 Billion

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:42 pm

Earnings were managed well during last decade

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:43 pm

Very slow growth of Dividends taken place during last ten years and the same pattern can be expected in future

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:44 pm

Net Asset position shows the effective managing of the business

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Re: SPEN.N0000

Post by yellow knife on Fri Jul 24, 2015 3:46 pm

There were very good years to collect this share where PE ratio was well below 10

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Re: SPEN.N0000

Post by කිත්සිරි ද සිල්වා on Fri Jul 24, 2015 6:56 pm

Good work YK.
We are listening (silently) and the floor is all yours. Very Happy
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Re: SPEN.N0000

Post by කිත්සිරි ද සිල්වා on Fri Jul 24, 2015 7:01 pm

This will be a good move as most preferred places before were Bali, Florida, Thailand & Philippines to name a few places.
yellow knife wrote:SPEN is very innovative in business and first Luxury Living Community-Heritage Grove, aimed at attracting expatriates to the country for their retirement..
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Re: SPEN.N0000

Post by Lux2014 on Mon Jul 27, 2015 9:22 am

Is it OK to buy SPEN now pl?
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Re: SPEN.N0000

Post by yellow knife on Mon Jul 27, 2015 9:32 am

Well LUX

Why do you buy? Is it for holding forever, or to keep for sometime until it reach for a specific profit margin or for trading...

Each of us have our own strategy... If its for trading check for technical and hot news...If only others are willing to buy immediately after you buy then only trading works..

If you are buying for a life time holding its really worth.. if so wait until its price is below 10 PE ratio or Market Value/Asset Value =1.5..

If you are buying for dividend hunting then Dividend/.10 will be ideal value... If so Spen is too high...

Here we dont promote shares... we just evaluate and share our views...

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Re: SPEN.N0000

Post by pathfinder on Sat Aug 01, 2015 7:00 pm

Nice presentation YK Very Happy
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Re: SPEN.N0000

Post by malanp on Sat Aug 01, 2015 7:16 pm

Thanks YK,,

good advice..

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Re: SPEN.N0000

Post by nihal123 on Sat Aug 01, 2015 9:45 pm

Thank you Yk

Good work
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Re: SPEN.N0000

Post by Leon on Mon Aug 03, 2015 5:19 am

Good job YK.
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Re: SPEN.N0000

Post by HAL9000 on Mon Aug 03, 2015 8:53 am

About 10 years back  SPEN and JKH were close peers, but in last 10 years, SPEN is lagging behind and JKH has gone far, They have not done any sizable investment specially in post-war period like JKH, so the HNWI interest also lethargic and the price is stagnating. Uncle Harry has no energy now ? or I would say less aggressive.
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Re: SPEN.N0000

Post by pathfinder on Mon Aug 03, 2015 7:10 pm

HAL9000 wrote:About 10 years back  SPEN and JKH were close peers, but in last 10 years, SPEN is lagging behind and JKH has gone far, They have not done any sizable investment specially in post-war period like JKH, so the HNWI interest also lethargic and the price is stagnating. Uncle Harry has no energy now ? or I would say less aggressive.
I would say he was kept quiet Laughing
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Re: SPEN.N0000

Post by serene on Mon Aug 03, 2015 7:18 pm

Thanks YK superb.

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Re: SPEN.N0000

Post by HAL9000 on Mon Aug 03, 2015 7:36 pm

pathfinder wrote:
HAL9000 wrote:About 10 years back  SPEN and JKH were close peers, but in last 10 years, SPEN is lagging behind and JKH has gone far, They have not done any sizable investment specially in post-war period like JKH, so the HNWI interest also lethargic and the price is stagnating. Uncle Harry has no energy now ? or I would say less aggressive.
I would say he was kept quiet Laughing

Yes, I also had the same idea, may be a giant waiting to regain the past glory when the playing field is favourable.
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Re: SPEN.N0000

Post by Leon on Mon Aug 03, 2015 10:28 pm

The baton will be passed from AEL-SP to SPEN-HJ.
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Re: SPEN.N0000

Post by yellow knife on Tue Aug 04, 2015 7:54 am

Yes If you have read the Chairman's message it clearly indicate he also want a piece ( lions share) of construction related development under good governance...

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Re: SPEN.N0000

Post by Leon on Tue Aug 04, 2015 10:46 pm

yellow knife wrote:Yes If you have read the Chairman's message it clearly indicate he also want a piece ( lions share) of construction related development under good governance...

HJ is an old fox.
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