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» දෙවන කාර්තුවේ ඉහළ වර්ධනය සමඟින් කොමර්ෂල් බැංකුව තවත් ශක්තිමත් වෙයි
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» ලක්‍ෂ්මන් සිල්වා DFCC බැංකුවේ ප‍්‍රධාන විධායක නිලධාරි තනතුරට
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» HOPL.N0000 ( Horana Plantations PLC)
Yesterday at 9:21 am by yellow knife

» පෑන් ඒෂියා බැංකුවේ ප්‍රාථමික අලෙවි කටයුතු මාස 06 කට අත්හිටුවයි
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» LIOC.N0000 (Lanka IOC PLC)
Mon Aug 14, 2017 2:37 pm by The Invisible

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Mon Aug 14, 2017 9:33 am by yellow knife

» Plantation sector updates
Sun Aug 13, 2017 4:51 pm by The Invisible

» අධිකරණ ඇමතිට ආණ්ඩු පක්ෂයෙන්ම විශ්වාස භංගයක්?
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» TJL.N0000 (Textured Jersey Lanka PLC.)
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Fri Aug 11, 2017 10:39 pm by jiggysaurus

» Video of the day...
Fri Aug 11, 2017 4:24 pm by Rana

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» LWL.N0000 (Lanka Walltiles PLC)
Fri Aug 11, 2017 11:25 am by pjrngroup

» RICH N.0000 Richard Pieris and company PLC
Fri Aug 11, 2017 11:08 am by Ethical Trader

» විසිපන්දහසේ දඩය අනුමතයි - දඩ මුදල වැඩි කෙරුණු රථවාහන වැරදි මෙන්න
Thu Aug 10, 2017 9:29 pm by jiggysaurus

» ජනපති අගමැති ඇතුළු "සම්මුති ආණ්ඩුව වෙනුවෙන්" රවී ඇමති පුටුව අතහරි...
Thu Aug 10, 2017 7:13 pm by smallville

» KFP.N0000(Keels Food Products PLC)
Thu Aug 10, 2017 7:11 pm by pjrngroup

» රවී කරුණානායක ඉල්ලා අස්වෙයි
Thu Aug 10, 2017 7:11 pm by smallville

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Thu Aug 10, 2017 6:06 pm by Rana

» 10 Billion Dollar Companies Secretly Going Bankrupt !
Thu Aug 10, 2017 5:06 pm by කිත්සිරි ද සිල්වා

» SAMP.N0000 (SAMPATH BANK PLC)
Thu Aug 10, 2017 3:25 pm by The Invisible

» ඇමති රවී විශේෂ ප්‍රකාශයක් කරමින් ඉවත් වෙන්න සූදානම්
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» How cricket found – Rajgama heros !
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» උ.කොරියාව, ඇමෙරිකාවේ 'ගුවාම්' දූපතට පහර දෙයි ද?
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» ASPI Status Update
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» Obituary Notice.
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» Sri Lanka lagging in stock market development in the region’
Tue Aug 08, 2017 11:10 pm by Backstage

» PINS.N0000 ( PEOPLE'S INSURANCE PLC )
Tue Aug 08, 2017 11:01 pm by Backstage

» ඖෂධීය ගබඩාවක්. ගුණයෙන් අනුනයි
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» පැහැරගැනුණු නිරුපිකාව ගැලවේ: 'මැදපෙරදිගට විකිණීමේ තැතක්'
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» "ඉවත් වන්න" - ඇමති රවීට ජනපති දන්වයි
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» Chinese-backed Port City to attract $13 b in investment from 2018
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» Buddha is Black Too !
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» FLCH.N0000 (F L C Holdings PLC)
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Plantation sector updates

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Re: Plantation sector updates

Post by Backstage on Thu Aug 10, 2017 12:00 pm

New laws to revamp RPCs: PM

Claims RPCs have benefited the most in past 150 years
Asserts country cannot pay the price for bad performance of RPCs
New management qualifications to be introduced to RPC board members
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By Charumini de Silva

Prime Minister Ranil Wickremesinghe yesterday confirmed that new laws will be introduced for regional plantation companies (RPCs) to improve productivity and make them accountable to Parliament.

Speaking at the Colombo International Tea Convention organised by the Colombo Tea Traders Association (CTA) to celebrate 150 years of Ceylon Tea, he claimed that RPCs had enjoyed most of the benefits of the tea industry and it was time for them to deliver as standalone companies.

“As far as the RPCs are concerned we will bring in a new law which will put out the duties and the factions. You will find more active golden shareholders, not the sleeping ones and they all will be accountable to Parliament,” he added.

Wickremesinghe said the Government will assess the performance of the RPCs. “The bad performers should exit the sector, while the good performers must be encouraged to modernise and go ahead and face competition from the other side. The country cannot pay the price for the bad performers.”

He said that RPCs would have to become standalone companies and not as large groups added on to the balance sheets for them to get a better return or a price for their shares.

“You are running a RPC that that is earning money for us. Don’t put it to get away with your imports of motor cars or bridges. Anyone who is a golden shareholder will have to be a standalone company. You can invest in the group, I have no problem with that, but we cannot get submerged,” he stressed.

The Prime Minister also said that there will be qualifications introduced for directors who could be a non-working director and working director at RPC family holdings of 50 acres.

“In some RPCs, they have directors who are common to all their boards. Some of them don’t even drink tea — they drink either coffee or brandy,” he quipped.
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Re: Plantation sector updates

Post by The Invisible on Fri Aug 11, 2017 5:50 am

I expect a renewed interest in the plantations sector from today.

Balangoda & Mdulsima plantations have released unexpectedly exceptional reports that will drive those share prices to new highs

namunukula, Kegalle and Maskeliya plantations have released good reports inline with the expectations.

Elpitiya, Udapussellawa and hapugastenne to come with good quarterly reports.

I think more trading opportunities will come towards us.

Cheers

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Re: Plantation sector updates

Post by කිත්සිරි ද සිල්වා on Fri Aug 11, 2017 1:50 pm


Some were just woken up but there is no greater appetite yet. Very Happy
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Re: Plantation sector updates

Post by The Invisible on Fri Aug 11, 2017 3:24 pm

කිත්සිරි ද සිල්වා wrote:
Some were just woken up but there is no greater appetite yet. Very Happy
Appetite will come slowly but don't forget this is the sector gave thunderous returns to the investors this year so far while all other industries just crawling and limping.

Today Balangoda entered into a new territory and closed @ 21.80
Madulsima too entered into a new territory and closed @ 10.90
Malwathe already establishing around 6.00
Udapusellawa and Hapugasthenne showing strong signs of establishing new highs
Elpitiya have stabilized arfround 30.00 and the next move will take the stock to a completely unknown territory

How will these stocks trade in the next couple of weeks will place the plantation sector on a completely new track.

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Re: Plantation sector updates

Post by කිත්සිරි ද සිල්වා on Fri Aug 11, 2017 5:18 pm

Yes. Very Happy
( Happy, I got there before many others realized the opportunity ) bounce
The Invisible wrote:
කිත්සිරි ද සිල්වා wrote:
Some were just woken up but there is no greater appetite yet. Very Happy
Appetite will come slowly but don't forget this is the sector gave thunderous returns to the investors this year so far while all other industries just crawling and limping.

Today Balangoda entered into a new territory and closed @ 21.80
Madulsima too entered into a new territory and closed @ 10.90
Malwathe already establishing around 6.00
Udapusellawa and Hapugasthenne showing strong signs of establishing new highs
Elpitiya have stabilized arfround 30.00 and the next move will take the stock to a completely unknown territory

How will these stocks trade in the next couple of weeks will place the plantation sector on a completely new track.
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Re: Plantation sector updates

Post by jiggysaurus on Fri Aug 11, 2017 10:44 pm

The Invisible wrote:I expect a renewed interest in the plantations sector from today.

Balangoda & Mdulsima plantations have released unexpectedly exceptional reports that will drive those share prices to new highs


Oya Dekey habay podi gimarting part ekak uth thiyenawa. See note 7 in BALA

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Re: Plantation sector updates

Post by The Invisible on Sat Aug 12, 2017 12:31 am

jiggysaurus wrote:
The Invisible wrote:I expect a renewed interest in the plantations sector from today.

Balangoda & Mdulsima plantations have released unexpectedly exceptional reports that will drive those share prices to new highs


Oya Dekey habay podi gimarting part ekak uth thiyenawa. See note 7 in BALA

I noted that very early. The management fee and the management profit share were not paid due to the cash constraints. They have provided it early but now reversing. But what is most important is the recurring earning by this company which is the gross profit minus operating expenditure. As there are no taxes any surplus is a pure profit. The lower issued share capital will be responsible for a higher EPS. If BALA can produce another 8/- as EPS for next half then can you think the price @ a PE of say 3x.

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Re: Plantation sector updates

Post by smallville on Sun Aug 13, 2017 7:47 am

All plantations are doing reasonably well due to the SL droughts in 2017, see the results of TEA.. good EPS.. Look at BOPL n HAPU, though not exceptional, best results in recent times were produced.
I wonder where prices be on Monday.

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Re: Plantation sector updates

Post by The Invisible on Sun Aug 13, 2017 4:51 pm

What I can say is profitable plantation companies will close at a higher price next week than the previous week.

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