Home588M shares changed hand? What is going on??? Any news??
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The Alchemist
First Guy
subash
smallville
The Invisible
hammurabi
puliyanam
hariesha
lanka
ruwan326
කිත්සිරි ද සිල්වා
CK
Afourer
KDDND
serene
slstock
Nuinth
Ethical Trader
lachitha
chinwi
Seyon
yellow knife
Leon
27 posters
Expolanka
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
gossip....a Japanese party bought the owner ship.....check...just gossip
Seyon- Top contributor
- Posts : 268
Join date : 2014-04-03
Leon wrote:588M shares changed hand? What is going on??? Any news??
I heard that, promoters sold to Japanese investors.
chinwi- Top contributor
- Posts : 999
Join date : 2014-02-23
Foreign interest is seen towards this share. They have started free port warehouse. :
First shipment from Expo Global under Free Port regulations
The first shipment from the Expo Global Distribution Centre (EGDC), a value added bonded warehousing facility under the free-port regulations at the Katunayake Export Processing Zone left Sri Lanka.
EGDC functions as a Free Port, which is a Duty Free Zone allowing retail brands to bring down and export Goods to Sri Lanka without any Customs inspection or duty.
The Free Port concept is one of the key proposals introduced in making Sri Lanka an international trading and transshipment hub.
- See more at: [You must be registered and logged in to see this link.]
First shipment from Expo Global under Free Port regulations
The first shipment from the Expo Global Distribution Centre (EGDC), a value added bonded warehousing facility under the free-port regulations at the Katunayake Export Processing Zone left Sri Lanka.
EGDC functions as a Free Port, which is a Duty Free Zone allowing retail brands to bring down and export Goods to Sri Lanka without any Customs inspection or duty.
The Free Port concept is one of the key proposals introduced in making Sri Lanka an international trading and transshipment hub.
- See more at: [You must be registered and logged in to see this link.]
lachitha- Posts : 17
Join date : 2014-08-09
Hi guys... I'm new to here
What do you think about Expo Lanka shares
What do you think about Expo Lanka shares
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Read this and you will see few other posts if you search.
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Nuinth- Top contributor
- Posts : 555
Join date : 2014-02-28
Location : Universe
Hi lachitha, welcome to the forum mate.
As ET mentioned dig the forum & you can learn lot.
Good luck.
As ET mentioned dig the forum & you can learn lot.
Good luck.
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
Welcome.
I have not analyzed EXPO in details because it never caught my eye ( as not that attractive to me with recent performance) . I am still concerned about their earning ability and recovery. It has not been positive during the past few years. But they did get rid of their non core business investments and are trying to concentrate more on their real business.
I think around Rs 9 is an okay price for this. But in the bull run EXPO and all shares can rise . IPO was at Rs 14 and recent takeover was around Rs 10.8.
Right now it does not look like a share that can beat the market . But if it get manipulated /pushed it can go over take over price and who knows.
I have not analyzed EXPO in details because it never caught my eye ( as not that attractive to me with recent performance) . I am still concerned about their earning ability and recovery. It has not been positive during the past few years. But they did get rid of their non core business investments and are trying to concentrate more on their real business.
I think around Rs 9 is an okay price for this. But in the bull run EXPO and all shares can rise . IPO was at Rs 14 and recent takeover was around Rs 10.8.
Right now it does not look like a share that can beat the market . But if it get manipulated /pushed it can go over take over price and who knows.
Last edited by slstock on Sat Aug 09, 2014 3:04 pm; edited 1 time in total
serene- Top contributor
- Posts : 4850
Join date : 2014-02-26
Welcome lachitha.
It was beaten down to price around 9 after the mandatory offer of 10.70.
Some improvement in price movement was seen in Friday.
It was beaten down to price around 9 after the mandatory offer of 10.70.
Some improvement in price movement was seen in Friday.
lachitha- Posts : 17
Join date : 2014-08-09
Nuinth wrote:Hi lachitha, welcome to the forum mate.
As ET mentioned dig the forum & you can learn lot.
Good luck.
Thanks friend
I'm a amateur for the share market
Can you suggest to buy some shares
KDDND- Top contributor
- Posts : 459
Join date : 2014-02-23
lachitha wrote:Nuinth wrote:Hi lachitha, welcome to the forum mate.
As ET mentioned dig the forum & you can learn lot.
Good luck.
Thanks friend
I'm a amateur for the share market
Can you suggest to buy some shares
Hi dear welcome......!
My advise you to not to invest more than 20% of what you intended to invest at this level..... Until you get minimum of one year of first hand experiences.......
Start looking at CSE web site and reading company reports, listen to experts, don't go to fully load, remain within fundamental shares, read as much as post of the FORUM....
I feel like you tend to come here coz of new talks about growth or booms.... Stay with CSE...but don't its a friend of you but it can be a friend of you with the way you are trying livid with it....
Good luck!
lachitha- Posts : 17
Join date : 2014-08-09
KDDND wrote:lachitha wrote:Nuinth wrote:Hi lachitha, welcome to the forum mate.
As ET mentioned dig the forum & you can learn lot.
Good luck.
Thanks friend
I'm a amateur for the share market
Can you suggest to buy some shares
Hi dear welcome......!
My advise you to not to invest more than 20% of what you intended to invest at this level..... Until you get minimum of one year of first hand experiences.......
Start looking at CSE web site and reading company reports, listen to experts, don't go to fully load, remain within fundamental shares, read as much as post of the FORUM....
I feel like you tend to come here coz of new talks about growth or booms.... Stay with CSE...but don't its a friend of you but it can be a friend of you with the way you are trying livid with it....
Good luck!
Thanks for your kind advice
Nuinth- Top contributor
- Posts : 555
Join date : 2014-02-28
Location : Universe
lachitha wrote:Nuinth wrote:Hi lachitha, welcome to the forum mate.
As ET mentioned dig the forum & you can learn lot.
Good luck.
Thanks friend
I'm a amateur for the share market
Can you suggest to buy some shares
Hi lachitha,
With this bull trend some shares already appreciated, but some are not. With financial company consolidation process most bank & finance companies are got attention. Further , we did not see much movement of hotel & plantation sector.
Better be a regular member of this forum & visit/read experts post everyday. Then you can learn/catch about some shares.
Good luck.
Afourer- Posts : 82
Join date : 2014-08-30
I think EXPO should increase their dividend amount from now on as it is now owned by a foreign party (more than 50%).
No one will come and dump their money just for nothing. Japanese party's intention is to establish their presence in SL as they have done in other parts of far east. So they are into a long term joint. So the only return they should get is a hearty dividend. This is the same scenario as GLAS where Indian party is taking their return every year nonstop.
No one will come and dump their money just for nothing. Japanese party's intention is to establish their presence in SL as they have done in other parts of far east. So they are into a long term joint. So the only return they should get is a hearty dividend. This is the same scenario as GLAS where Indian party is taking their return every year nonstop.
CK- Active Member
- Posts : 1393
Join date : 2015-11-01
- Post n°15
Expo-lanka Holdings divests stake in Norfolk Foods for $ 2.5 m
by CK Mon Jul 18, 2016 6:04 am
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Afourer- Posts : 82
Join date : 2014-08-30
Expo also divested its Indian based sub which is into leisure effective 1 Aug.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
Afourer wrote:Expo also divested its Indian based sub which is into leisure effective 1 Aug.
It seems India is a country which is difficult to do business..
CARSONs is considering to get out of India...
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Isn't this counter has a " Credibility " issue ? 
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
කිත්සිරි ද සිල්වා wrote:Isn't this counter has a " Credibility " issue ?
Even before IPO....
කිත්සිරි ද සිල්වා- Top contributor
- Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම
Too Many Indians !
(As they say in Europe, US and even in Middle East).
(As they say in Europe, US and even in Middle East).
yellow knife wrote:
It seems India is a country which is difficult to do business.
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
Expolanka posts strong consolidation on top and bottom line performances in 3Q
8 February 2019
Revenue surges by 32% YoY up to Rs. 27.7b
PAT increases by 39% YoY up to Rs. 591m
Strong performance driven mainly by logistics and leisure sectors
Delivering on its ambitious growth targets, Expolanka PLC yesterday announced its third quarter results showing another quarter of strong top and bottom line performance.
For the third quarter of FY2018/19 (3Q19), turnover at Expolanka increased by 32% Year-on-Year (YoY) up to Rs. 27.7 billion, powered by continued consolidation of its freight forwarding and logistics business and further bolstered by the group’s growing leisure operation.
Expanded turnover coupled with a continuing focus on stabilisation of margins through optimisation of procurement functions resulted in an increased gross profit of Rs. 5.1 billion, reflecting an impressive growth rate of over 37% YoY. Ultimately, this continuing consolidation of market share and internal efficiencies enabled a drastic increase in Profit After Tax (PAT), which expanded by a substantial 39% YoY up to Rs. 591 million. Expolanka has diligently pursued a balanced strategy that emphasises not only growth by maximisation of revenue, but also concentrating on improving internal efficiencies. This focus on fundamentals continued to yield positive returns to the group and our valued shareholders over the last quarter as well as cumulatively over FY 19. “Our logistics sector remains our strongest contributor to group revenue and our efforts to enhance margins and improve efficiencies while expanding capacity have yielded sustainable results. Our Leisure business is going through a period of consolidation within its operations and the sector is further strengthening its business and processes to meet the challenges that the industry is faced with. We hope that the focus that we are bringing into the business will help us sustain our performance in the future as well,” Expolanka Group CEO Hanif Yusoof stated.
During the quarter, the group’s logistics sector posted a 32% YoY increase in revenue up to Rs. 26.5 billion while improved capacity management and yield improvement in its procurement functions enabled the sector to sustain its margins throughout 3Q19. This resulted in the sector posting a remarkable 40% YoY growth rate in gross profits, which closed the quarter at Rs. 4.8 billion.
All core freight products remained strong, with Air Export continuing to remain as the largest contributor to Expolanka’s top line. While the sector continued to face challenges in the Ocean Freight business segment, it was nevertheless able to maintain stability across its global operations while key origins for the group – South Asia and the Far East – continued to see growth and improvement within targeted margins.
The group’s North American and European trade lanes also recorded improved performances over the quarter while the Intra-Asia trade lane operation remained stable. Similarly, the group’s contract logistics operations and transport operations also recorded stable growth having successfully overcome challenges faced in their initial operations.
Consequently, Expolanka’s logistics sector closed the quarter with a Profit After Tax (PAT) of Rs. 710 million, reflecting growth of 36% YoY.
Similarly, the group’s operational consolidation also carried through to its burgeoning leisure sector. Despite challenging operating conditions and stiff competition, the sector continued to achieve post gradual improvements, and over 3Q19, was able to generate a PAT of Rs. 66 million, reflecting growth of 38% YoY.
Within the Leisure Sector, Expolanka will continue to focus on the core, corporate travel business, while also incorporating value added services, solutions and technologies to enhance its overall service portfolio and maintain its differentiation strategy.
Meanwhile, the group’s investment sector – which is primarily linked to export operations – also contributed positively towards group performance while the sector’s IT operations helped to maintain cost structures from the previous year with a focus on creating strategic value to the group. In total, the sector contributed Rs. 835 million towards the top line performance.
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8 February 2019
Revenue surges by 32% YoY up to Rs. 27.7b
PAT increases by 39% YoY up to Rs. 591m
Strong performance driven mainly by logistics and leisure sectors
Delivering on its ambitious growth targets, Expolanka PLC yesterday announced its third quarter results showing another quarter of strong top and bottom line performance.
For the third quarter of FY2018/19 (3Q19), turnover at Expolanka increased by 32% Year-on-Year (YoY) up to Rs. 27.7 billion, powered by continued consolidation of its freight forwarding and logistics business and further bolstered by the group’s growing leisure operation.
Expanded turnover coupled with a continuing focus on stabilisation of margins through optimisation of procurement functions resulted in an increased gross profit of Rs. 5.1 billion, reflecting an impressive growth rate of over 37% YoY. Ultimately, this continuing consolidation of market share and internal efficiencies enabled a drastic increase in Profit After Tax (PAT), which expanded by a substantial 39% YoY up to Rs. 591 million. Expolanka has diligently pursued a balanced strategy that emphasises not only growth by maximisation of revenue, but also concentrating on improving internal efficiencies. This focus on fundamentals continued to yield positive returns to the group and our valued shareholders over the last quarter as well as cumulatively over FY 19. “Our logistics sector remains our strongest contributor to group revenue and our efforts to enhance margins and improve efficiencies while expanding capacity have yielded sustainable results. Our Leisure business is going through a period of consolidation within its operations and the sector is further strengthening its business and processes to meet the challenges that the industry is faced with. We hope that the focus that we are bringing into the business will help us sustain our performance in the future as well,” Expolanka Group CEO Hanif Yusoof stated.
During the quarter, the group’s logistics sector posted a 32% YoY increase in revenue up to Rs. 26.5 billion while improved capacity management and yield improvement in its procurement functions enabled the sector to sustain its margins throughout 3Q19. This resulted in the sector posting a remarkable 40% YoY growth rate in gross profits, which closed the quarter at Rs. 4.8 billion.
All core freight products remained strong, with Air Export continuing to remain as the largest contributor to Expolanka’s top line. While the sector continued to face challenges in the Ocean Freight business segment, it was nevertheless able to maintain stability across its global operations while key origins for the group – South Asia and the Far East – continued to see growth and improvement within targeted margins.
The group’s North American and European trade lanes also recorded improved performances over the quarter while the Intra-Asia trade lane operation remained stable. Similarly, the group’s contract logistics operations and transport operations also recorded stable growth having successfully overcome challenges faced in their initial operations.
Consequently, Expolanka’s logistics sector closed the quarter with a Profit After Tax (PAT) of Rs. 710 million, reflecting growth of 36% YoY.
Similarly, the group’s operational consolidation also carried through to its burgeoning leisure sector. Despite challenging operating conditions and stiff competition, the sector continued to achieve post gradual improvements, and over 3Q19, was able to generate a PAT of Rs. 66 million, reflecting growth of 38% YoY.
Within the Leisure Sector, Expolanka will continue to focus on the core, corporate travel business, while also incorporating value added services, solutions and technologies to enhance its overall service portfolio and maintain its differentiation strategy.
Meanwhile, the group’s investment sector – which is primarily linked to export operations – also contributed positively towards group performance while the sector’s IT operations helped to maintain cost structures from the previous year with a focus on creating strategic value to the group. In total, the sector contributed Rs. 835 million towards the top line performance.
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lanka- Posts : 624
Join date : 2014-11-26
Thanks, Ruwan
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
Didn't got the Dividend slip yet. Any body got already?
hariesha- Top contributor
- Posts : 1329
Join date : 2014-04-09
I received about 1 or 2 week back.
ruwan326- Posts : 1744
Join date : 2016-09-29
Age : 46
Location : Horana
hariesha wrote:I received about 1 or 2 week back.
Thanks hariesha.
Maybe they lost it in post:D
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