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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

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
SHL.N0000 (Softlogic Holdings PLC) EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
SHL.N0000 (Softlogic Holdings PLC) EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
SHL.N0000 (Softlogic 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
SHL.N0000 (Softlogic Holdings PLC) EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
SHL.N0000 (Softlogic Holdings PLC) EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
SHL.N0000 (Softlogic Holdings PLC) EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
SHL.N0000 (Softlogic Holdings PLC) EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
SHL.N0000 (Softlogic Holdings PLC) EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
SHL.N0000 (Softlogic Holdings PLC) EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
SHL.N0000 (Softlogic Holdings PLC) EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
SHL.N0000 (Softlogic Holdings PLC) EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
SHL.N0000 (Softlogic Holdings PLC) EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
SHL.N0000 (Softlogic Holdings PLC) EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
SHL.N0000 (Softlogic Holdings PLC) EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
SHL.N0000 (Softlogic Holdings PLC) EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
SHL.N0000 (Softlogic Holdings PLC) EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
SHL.N0000 (Softlogic Holdings PLC) EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
SHL.N0000 (Softlogic Holdings PLC) EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
SHL.N0000 (Softlogic Holdings PLC) EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
SHL.N0000 (Softlogic Holdings PLC) EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
SHL.N0000 (Softlogic Holdings PLC) EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
SHL.N0000 (Softlogic Holdings PLC) EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
SHL.N0000 (Softlogic Holdings PLC) EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
SHL.N0000 (Softlogic Holdings PLC) EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
SHL.N0000 (Softlogic Holdings PLC) EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    SHL.N0000 (Softlogic Holdings PLC)

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    Post by yellow knife Tue Dec 01, 2015 11:10 am

    Softlogic is a relatively new entrant to Holding company category but could stand par with many centuries old companies. As pioneer and Chairman Ashok Pathirage states in annual report " a long term view is essential to sustainable growth". Company which started in 1991 and was into trading business. Well known branded electronic items like Nokia phones and Dell computers were genuinely sold by them. When duplicates and smuggled items were cheaply available of the same brand Softlogic insisted on genuine business and proved the success of being genuine.

    Revenue-wise Softlogic remain up and above Aitken Spence which is a very old company. Aitken Spence remains flat and stable where SHL is up and maintain continuous momentum.

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    Post by yellow knife Tue Dec 01, 2015 11:10 am

    However Profti-wise Aitken Spence shows more prudent than SHL

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    Post by yellow knife Tue Dec 01, 2015 11:14 am

    Revenue was continoulsy growing and reached 40 Billion mark.

    Annual report 2015 states " Consumer and investor confidence recovered in 2014 due to
    1 low inflation and
    2.interest rates and
    3. the exchange rate remaining stable. "

    Since the exchange rate is now unstable it may have a negative  impact on branded genuine product sellers.

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    Post by yellow knife Tue Dec 01, 2015 11:16 am

    EPS is not consistent and is not attractive at current market price levels

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    Post by yellow knife Tue Dec 01, 2015 11:17 am

    Since listing company always maintained a figure of higher market price than net asset position.

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    If you compare above with Hayley's the elephant in Holdings, its Market value was often lesser than Net Asset Value

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    Post by yellow knife Tue Dec 01, 2015 11:26 am

    Debt to Equity ratio was always kept high. Having good contacts with finance sector may be one reason. In addition to that aggressive acquisitions being a strategic move also cause this situation.

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    Post by yellow knife Tue Dec 01, 2015 11:43 am

    Company consist of 6 different areas

    1. Information & Communication Technology

    The company takes competitive advantage by being authorized agent for best brands like Dell, Nokia, Samsung etc.

    2. Retail

    owns 93.39% of Odel, and opened stores in Liberty Plaza for Pepe Jeans, Giordano . Burgher King is added to restaurant line

    3. Healthcare Services

    Central Hospital, Asiri Surgical  Hospital  and another hospital in Kandy scheduled to open in 2018 .

    4. Financial Services

    Softlogic Finance, Assian Alliance Insurace and Softlogic Stockbrokers

    5. Automobiles

    The automobile range does not include attractive brands to SL market. King Long buses are newest addition. Ford models are not that much attractive in SL

    6. Leisure

    Centara Ceysand Resort started operations in 2014
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    Post by yellow knife Tue Dec 01, 2015 11:58 am

    When we comparing South Korea and Malaysia we found that all Malaysian leading businessmen are similar to SL business community.

    Malaysian and Sri Lankan business community seek more easier means as business :  Plantation , Tourism and Trading commodities and Assets (real estate ). They have easy access to banks and finance. Yet export orientation and manufacturing is what lacks in these big giants of SL.
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    Post by yellow knife Tue Dec 01, 2015 12:11 pm

    " Ode to My Father " is nice South Korean movie where you can ride a roller-coaster of emotions. Its about a young boy who run-away from North Korea and become a owner of a small sales outlet of his Aunt. He never give-up the trading business as his father has promised to meet him in the shop ( who must have died in North Korea).

    His sons often argue

    " Why don't you sell your stall as no one is interested in buying Japanese and American products ?"

    This is the trend we are yet to see..

    However our poor forex is now forcing us to get into export and manufacturing sooner..

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    Post by Backstage Tue Dec 01, 2015 2:07 pm

    Consessions for branded goods were mentioned by FM, to make SL a shopping paradise. So....
    What do we know about Ashok Pathirage ? Not much has been written about the man and his method.

    BTW, observing the many comparative charts posted by you on many threads, I have noticed Hayles standing above the crowd. Albeit silently.
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    Post by yellow knife Tue Dec 01, 2015 2:25 pm

    Back Stage

    Even for me Hayleys is the most attractive and since the day I noticed and started buying its price started to drop.

    If you read Hayl.N0000 thread today and a seperate thread by Nihal , it shows the most accurate investor Dammika is slowly by clearly buying Hayleys. He has increased his stake substantially since the last published report and now enjoy above 50%.

    The graphs often easy to understand and just give us ideas.
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    Post by HAL9000 Wed May 25, 2016 5:35 pm

    SOFTLOGIC HOLDINGS PLC
    Company ID: - SHL
    Date of Announcement: - 24.May.2016
    Rate of Dividend: - Rs. 0.50 per share / Final Dividend
    Financial Year: - 2015/2016
    XD: - 02.Jun.2016
    Payment: - 13.Jun.2016

    Softlogic declares a generous dividend when compared to its EPS. In a company with huge debt this is not a good strategy I guess !
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    Post by yellow knife Thu May 26, 2016 8:17 am

    You have raised a very valuable question Hal..Why does a company with heavy debt pay dividends ?

    1. The owner of SHL Ashoka Pathirage owns 41.64% or 324,358,030 shares and 50 cents mean Rs. 162,179,015.

    2. Yet the problem is something economists are really interested and do research.

    Hal if you are really keen on further studying the dividend and debt refer page 290 of "Against the God "..

    Let me just add a paragraph of that...

    Why corporations pay dividends has puzzled economists for a long period. Why do they pay their assets do stockholders, especially when they themselves are borrowing money at the same time ?

    From 1959 to 1994 non financial corporations in US borrowed more than $ 2 trillion while paying out dividends of $ 1.8 Trillion.

    They could have avoided nearly 90% of the increase in their indebtedness if they had paid no dividends at all.

    ************************************

    So  you are not the first one to raise this question and SHL.N0000 is not the only company that do so...
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    Post by HAL9000 Wed Jun 01, 2016 7:51 am

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    Revenue increased significantly, despite higher interest expenses, SHL showed decent bottom line growth
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    SHL.N0000 (Softlogic Holdings PLC) Empty Re: SHL.N0000 (Softlogic Holdings PLC)

    Post by Danidu Mon Aug 15, 2016 7:07 pm

    Corporate Research Report of "Softlogic Holdings PLC" by Asha Phillip Securities.


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    Post by smallville Tue Aug 16, 2016 8:56 am

    A counter to watch.. Razz
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    Post by HAL9000 Thu Aug 18, 2016 11:27 am

    Slowly passing 14
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    Post by HAL9000 Thu Aug 18, 2016 8:25 pm

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    Audited financial report is availble. SHL managed to improve its revenue massively. Now it is staggering 56 billion. In last month Echelon magazine interview, Ashok Pathirage mentioned that the SHL revenue target for the next year is 70 billion. According to the trend this is not impossible. It might reach the JKH revenue sooner. If debt burden eased in next few years, SHL could report massive bottom line growth considering their lucrative business sectors. According to Pathirage he is comfortable with the current debt position. He believes in case of a crisis, he can sell off one single entity like ODEL, one ASIR hospital or movenpick hotel etc and get rid of all debt. SHL has been a disappointment for investors over past 4 years post IPO, but future could be different. if we get in right time, SHL could be a  possible multibagger in coming years.
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    Post by HAL9000 Tue Aug 23, 2016 3:59 pm

    Reached 15.00 Basketball Basketball
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    Future123
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    Post by Future123 Tue Aug 23, 2016 4:01 pm

    A very good call HAL. Smile Smile Smile Smile Smile

    SHL has great potential. If they can reduce their debts, then this will have a big run.

    HAL9000 wrote:Reached 15.00 Basketball Basketball
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    Post by yaka Tue Aug 23, 2016 7:03 pm

    I was keenly watching this.. but I see they rally and every time again fall to 13 level. so I did several trade with small margins.
    and in their statement revenue increased basically for other operating income. is that their other subsidiaries? or what?
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    Post by Ethical Trader Wed Aug 31, 2016 9:18 am

    Just an observation.

    Latest financial report of SHL shows an improvement in its EPS. This is a good news for those who bought at higher prices.

    It is very strange that the price of this share started a run one week prior to the release of the financial statement.

    ?Was there a leak or some one is using inside info to profit. Raj Rajarathnam, a Sri Lankan domiciled in USA, did this but in jail right now for that offense.
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    Post by EBHRAHIMCANADA Sun Dec 30, 2018 8:32 am

    Well come all the members in this sentiment and thanks for all who posted in this head
    may I just post my current view on SHL ?
    It looks fundamentally sound group and had massive run towards 27rs from 12rs mainly triggered by PP & RI @ 17rs
    (I also got subscribed for RI and still holding)
    on friday we saw good interest and traded more than 2 million
    So I expect to see run in from CMP ( 21.40rs) to test 25 level in coming weeks
    it is compulsory to do your own Analysis before whatever buying or selling
    Good Luck Guys
    Thank you
    Warmly well come forum members views
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    Post by EBHRAHIMCANADA Mon Dec 31, 2018 6:04 pm

    Continued foreign buying @ top of the list
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    Post by ruwan326 Wed Feb 20, 2019 8:23 am

    Macroeconomic crisis in Oct-Dec. quarter triggers Rs. 327 m loss at Softlogic
    Feb 20, 2019
    ​​​​​​​
    A macroeconomic crisis-filled third quarter October to December 2018 has triggered a Rs. 327 million loss at Softlogic Holdings PLC, as against a profit of Rs. 953 million a year earlier, whilst for the first nine months the Group post-tax profit managed a 29% gain to cross Rs. 2 billion mark.

    Softlogic Chairman Ashok Pathirage said the Group’s operating environment in the third quarter of FY19 was assailed by the sudden and steep depreciation of the rupee, particularly, affecting the retail imports and the leisure sector which has dollar-denominated borrowings. Furthermore, the 100% cash margin imposition, which affected the retail imports, and 200% margin for motor vehicles and motorbikes, disrupted cashflow timings leading to increased working capital requirements. 

    “This coupled with increasing interest rates triggered by poor market liquidity and rising Fed rates impacted cost of financing for the Group which dampened the quarter’s performance,” he said.

    More- http://www.ft.lk/front-page/Macroeconomic-crisis-in-Oct-Dec--quarter-triggers-Rs--327-m-loss-at-Softlogic/44-673155

      Current date/time is Fri Nov 08, 2024 11:40 pm