CIC.N0000 ( CIC Holdings PLC)

[yellow knifeTop contributor]

Some entrepreneurs start business ventures from scratch and develop empires. Richard Branson of Virgin is one such. But many Sri Lankan firms are good at acquiring firms built by others and develop them. CIC history consist of many such innovations and acquistions.

1929 Incorporation of Chemical Industries Colombo

1968 start operations of Agrochemicals at Ratmalana

1974  Formation of Chemanex

1991 Incorporation of CISCO packaging

1992 Purchasing of Fertilizer business from British American Tobacco

1995 Incorporation of CIC Paints and now known as Akzo Nobel Paints

2001 Invest in Chemanex PLC

2002 Purchase of  Nutrina from Cargills Inc USA

2003 Investment in Link Natural Products

2012 Investments in Ceylinco Pharmaceuticals now known as CIC Life science Ltd

[yellow knifeTop contributor]

CIC revenue growth was not on a fast track and the company has restructured operations after recording losses..

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[yellow knifeTop contributor]

When most of companies record consistent EPS growth CIC was rather slow at growth

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[yellow knifeTop contributor]

Company dividend policy is consistent and in each year profit is recorded dividend is declared. Compared to market value dividend yield is not attractive. But compared to earnings dividends are sufficient.

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[yellow knifeTop contributor]

2014 losses was a hit to continuous improvement to NAV

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[yellow knifeTop contributor]

When we evaluate CIC with other diversified holding companies, the revenue growth is low.

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[yellow knifeTop contributor]

CIC has moved back to profit track but again fall into low category..

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[yellow knifeTop contributor]

CISCO Packaging was doing well as FMCG was doing well. Thus packaging of food products get the benefit of bubbling consumption growth.

CIC Red Basmathi exports  recorded successful year

Link Sudantha and Samahan has become demanded brands of the market.

[pathfinderTop contributor]

Thanks YK

[First Guy]

CIC had rallied over the last few months even before the ASPI rally, split ahead of most others and took a dip with others. Still the profits reported indicates this is undervalued to me. What do you think?

Disc - Holding