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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
flch n0000 - FLCH.N0000 (F L C Holdings PLC) EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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    FLCH.N0000 (F L C Holdings PLC)

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    Post by yellow knife Fri Oct 02, 2015 4:17 pm

    Rothschilds were the economic Lords and were controlling the commercial world from London.


    Nathan Mayer Rothschild was the figure head of the family controlling the business empire.



    In 1841 the 36-year old nephew of Nathan Mayer Rothschild, Maurice (born Moritz) Worms, set sail from London for the Far East.




    But it was to Ceylon that he returned, seeing there a new and potentially profitable life for himself. He bought a substantial piece of land at Pussellawa.



    He now invited his brother Gabriel to join him. Gabriel had been a merchant in Paris but after the July Revolution of 1830 had joined Maurice on the London Stock Exchange. Together, they now set up as G. and M.B. Worms.



    The thousand acres which he and Gabriel bought represented a promising investment and, although no evidence has yet been found, the fact that he chose to call this new estate Rothschild suggests that his London cousins had some part in the funding. The Rothschild plantation was big; the average coffee estate in Ceylon was under 200 acres. Indeed, with its neighbour, the Delta plantation, managed by the Sabonadière brothers, it was the largest on the island.



    In December 1839, just a year or more before Maurice’s arrival in Ceylon, experiments were being made in the Royal Botanic Gardens at Peradeniya, just outside Kandy. A small batch of tea-seeds, sent from Assam in India, was sown



    in that same year the very first commercial crop of tea from Assam had been sold on the London markets, breaking the centuries-old Chinese monopoly.


    Article Information

    ‘Cousins in Ceylon’

    Victor Gray and Ismeth Raheem explain a curious and lasting
    Rothschild connection with Sri Lanka



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    ===============================================================================


    Sorry for the long introduction to Ceylon Tea and Rothschild connection but the same Rothschild estate now belongs to FLCH.


    Yet the amazing fact is that FLCH is still a large tea producer of the country.

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    Last edited by yellow knife on Fri Oct 02, 2015 4:47 pm; edited 1 time in total
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    Post by yellow knife Fri Oct 02, 2015 4:39 pm

    Despite revenue the profit is shows the poor managing of the business

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    Post by yellow knife Fri Oct 02, 2015 4:41 pm

    EPS confirms the poor performance

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    Post by yellow knife Fri Oct 02, 2015 4:44 pm

    Those who try to promote FLCH often highlight Net Assets. Even Net Assets Per Share come down.

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    Post by yellow knife Fri Oct 02, 2015 5:46 pm

    Total tea production of FLCH was 12.24 Million Kilograms for 2015.

    Total tea production of TPL was 7 Million Kilograms per year for 2015.

    Total Revenue of TPL was4,761,101,000 and for FLCH the revenue from tea only was 4,926,528,532


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    Post by yellow knife Fri Oct 02, 2015 5:49 pm

    Total Revenue composition of FLCH

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    2015
    Tea4,926,528,532.00
    Rubber1,000,095,094.00
    Coconut17,395,285.00
    Cinamon5,499,673.00
    Hydro Power187,795,655.00
    Property31,008,853.00
    Others304,601,124.00
    6,472,926,231.00
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    Post by Hybrid Fri Oct 02, 2015 6:02 pm

    Thanks YK for going through those 218 odd pages of the financial report for 2014/15.

    I found the report overwhelming and cumbersome to digest. Your extraction and summery of the key data is appreciated.


    In fact, I have quite a bit of investment in this company and with Kapila, Nanayakkara and some others who are very good professionals known for decades it should come back to profit soon.

    Yes the revenue from tea exports and the valuation of the biological assets are the big concerns in the report apart from the lesser negatives.

    But on the brighter side I notice that the good accounting practices have been followed and sufficient provisions have been made in the books. (Example: 2 Billion for Gratuuity and Retirement Benefits)

    They are aware of the overvaluation of the trees etc and made a revaluation and adjustment accordingly.

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    Post by Hybrid Fri Oct 02, 2015 6:03 pm

    yellow knife wrote:EPS confirms the poor performance

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    Post by yellow knife Fri Oct 02, 2015 6:31 pm

    My real concern is this is the biggest revenue maker of the Plantation companies that I have evaluated so far..

    Means that this has potential..

    The theme of annual report fits perfectly

    What we can Do?

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    Post by yellow knife Fri Oct 02, 2015 6:36 pm

    AT the moment this company is suitable for Traders only

    Yet it still it has the potential if it gets into right ...hands .........
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    Post by Hybrid Fri Oct 02, 2015 7:17 pm

    I would hire an EXPORT MANAGER with wide experience and good contacts from the FMCG sector.

    Maybe even getting a expat would do.
    This person has to be visiting the export markets, exibitions trade fairs and other promotional meetings.

    That is a very aggressive job and requires the skills and background of a marketing manager.

    Hopefully, "what can we do" statement will take effect soon!
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    Post by slstock Fri Oct 02, 2015 7:24 pm

    FLCH is am not mistaken is one of the biggest players of Tea if not the biggest at CSE.

    They have a good reserve on timber but refer to below for further
    + and -

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    Post by HAL9000 Fri Oct 02, 2015 7:49 pm

    yellow knife wrote:AT the moment this company is suitable for Traders only

    Yet it still it has the potential if it gets into right ...hands .........

    Thanks for the effort. Valuable information
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    Post by Leon Sat Oct 03, 2015 7:15 am

    Well done YK.
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    Post by Illusion Sat Oct 03, 2015 12:00 pm

    Thanks YK. Superb.
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    Post by Nuinth Sat Oct 03, 2015 6:50 pm

    Thx YK. Really appreciate ....!!!
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    Post by Backstage Sat Oct 03, 2015 10:37 pm

    YK, your introductory notes on companies are getting more and more interesting. Knowing the historical background, gives one a richer understanding of the company than the usual clinical , facts and figures analysis. It kind of fleshes out the bare bones. Thank you so much.flower

    btw; The Rothschilds were known to conceal their name as and when possible. This must have been a hobby sort of fun project for them. pocket change. You , I am sure must have done done your homework on them. The first family of capital.
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    Post by yellow knife Thu Oct 15, 2015 4:43 pm

    FLCH has changed the name and it will be known as Browns Capital PLC here after

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    Post by WRRKUMARA Thu Oct 15, 2015 8:33 pm

    Very Happy Very Happy another drama
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    Post by xmart Thu Oct 15, 2015 9:30 pm

    Thanks YK. +

    you have put everything together. no question! FLCH has a great potential. look at their portfolio, Hydro, Plantation, Office Complex etc.

    i had a good faith and kept buying this one. overall i gain nothing. since pros are there, shall i add my 2 cents about cons..

    1. even though they have diversified, its revenue largely generate through plantations, which are unlikely turn around until 2018-2020.

    2. poorly manage plantation is a nightmare.

    3. lack of concern about retail investors and lack of credibility of the family management.

    4. biological assets and its value as current asset or even after maturity.

    anyway, FLCH may turn around and will give a massive return in due time when the time is right. but i highly doubt that the time is not right yet.
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    Post by First Guy Wed Mar 29, 2017 7:19 am

    FLCH (Browns Capital) divested bulk of the plantation business for a hefty profit. So balance sheet will get cleaner and might turn to profits soon. But what will they do with the cash?
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    Post by yellow knife Wed Mar 29, 2017 7:22 am

    And the owner of the biggest plantation in SL held it tight when the sector is not doing well and sold when the plantation sector is recording good profits...

    Definitely Damro should be very much grateful to Browns Capital.

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    Those who understand that Money itself can be utilized to make More Money will do nothing else. So Browns Capital will invest that money in Bonds.
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    Post by First Guy Thu Apr 06, 2017 7:47 am

    Continuing on my previous post.

    FLCH will benefit by two ways. More cash and a profitable income statement. Profitable income statement itself may boost valuation for FLCH. Cash can be used in two ways. Since not much debt, dividend can be given. Anything more than 0.25/- at this stage is huge compared to current price of 1.60/-
    FLCH can acquire some other business and increase profits through that. Whatever it is, I think this is worth more than 1.60/- - 2/-

    Disclosure: I hold FLCH
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    Post by smallville Tue Apr 18, 2017 7:13 am

    FLCH has been a dead share to me, from the IPO listening in 2011 at 5.0 it has only given losses. In June 2012 - July 2012 it ran giving some bargain collectors a profits but since then its downtime... since 2015 its a dead share (from 2.4 to 0.Cool untill this news comes out (plantations bought by Damro) that takes it to 1.6-1.7.

    Now FLCH got 4.694 billion solely from plantation selling, with 1,368,000,000 Nos. of Ordinary Shares, this amounts to an EPS of 3.43 alone. Then the return from AGAL sale 274 mill is an additional EPS of 0.2 (capital gains or losses from selling not calculated) The latter alone is nearly 4x last qtr EPS.

    Tea, Palm Oil and Real estate were the group's greatest revenue generators. Now that Plantations are gone what will FLCH do with just Hydro, Real estate, investment, Solar?
    Solar was anyway loss, Hydro was nearly a marginal profit (due to draughts from Q2 2016)
    This is getting interesting...
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    Post by CK Tue Apr 18, 2017 7:42 am

    So small wht your idea in current price?

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