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Sri Lanka Equity Forum » Stock Market Talk » 2 new IPOs on the way

2 new IPOs on the way

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1 2 new IPOs on the way on Mon Nov 28, 2016 12:18 am

Teller

avatar
Moderator
Who can guess it ? 2 new companies are going to list in CSE soon.

2 Re: 2 new IPOs on the way on Mon Nov 28, 2016 7:08 am

soileconomy

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Mobitel and litro gas

3 Re: 2 new IPOs on the way on Mon Nov 28, 2016 8:34 am

jayathu


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Perpetual Treasuries.....

4 Re: 2 new IPOs on the way on Mon Nov 28, 2016 8:45 am

ddrperera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
MOBITEL AND PERPETUAL TREASURIES

5 Re: 2 new IPOs on the way on Mon Nov 28, 2016 9:30 am

Lucky Gamage

avatar
Manager - Equity Analytics
Manager - Equity Analytics
1 is Kanrich Finance....

6 Re: 2 new IPOs on the way on Mon Nov 28, 2016 11:30 am

walahagona


Stock Trader
Accompanied with some de-listings as well. Isn't it? Question

7 Re: 2 new IPOs on the way on Mon Nov 28, 2016 10:32 pm

sureshot

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
MATARA BATH KADE  the .......... Very Happy

8 Re: 2 new IPOs on the way on Mon Nov 28, 2016 11:22 pm

DANIDU


Manager - Equity Analytics
Manager - Equity Analytics
Grand Orient Hotel, Hambantota Salt, WatersEdge, Mobitel,

9 Re: 2 new IPOs on the way on Tue Nov 29, 2016 3:26 pm

uditha200


Stock Analytic
Stock Analytic
MOBITEL SHOULD BE THERE?? Laughing

10 Re: 2 new IPOs on the way on Tue Nov 29, 2016 5:29 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
LHL

11 Re: 2 new IPOs on the way on Tue Nov 29, 2016 5:38 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
need to keep an eye on the valuations ! in the past over valued stocks were dumped on the poor retail investors

12 Re: 2 new IPOs on the way on Tue Nov 29, 2016 5:52 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@sureshot wrote:MATARA BATH KADE  the .......... :D
and BUHARI HOTEL.

13 Re: 2 new IPOs on the way on Tue Nov 29, 2016 6:06 pm

Brinthan

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ARJUNA MAHENDRAN &CO AND RANIL WICKRAMASINGHE & CO.

14 Re: 2 new IPOs on the way on Tue Nov 29, 2016 6:10 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
Araliya holdings,
perpetual ,
Senarathne Fisheries ltd ,
sabeetha property developers

15 Re: 2 new IPOs on the way on Wed Nov 30, 2016 9:03 am

sharemarket

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@sapumal wrote:Araliya holdings,
perpetual ,
Senarathne Fisheries ltd ,
sabeetha property developers
Sri Lanka Parliment

16 Re: 2 new IPOs on the way on Sat Dec 03, 2016 7:12 pm

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
One is MCRP.. Smile Smile Smile

Sri Lanka’s Melstacorp to focus on premium liquor, diversity into oil palm

Dec 02, 2016 13:48 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Melstacorp Limited (MCRP), which becomes the parent firm of Distilleries Company of Sri Lanka in a share swap, aims to focus on premium products in its alcoholic beverage business, which generates the bulk of sales, and get plantations to diversify into oil palm.

According to the group’s future plans, revealed in a draft introductory document filed with the stock exchange, it is highly dependency on the beverage segment which generates over 70% of MCRP group’s net revenue.

“However, MCRP has continued to diversify its business portfolio to sectors such as financial services, hydro-power and tourism, which is likely to reduce the dependence on the beverage sector,” the introductory document said. 

The group said it also continues to evaluate investment opportunities in other segments. 

Melstacorp Limited, which is to be listed on the Colombo stock exchange, continues to maintain its dominant market share in the Sri Lankan hard liquor market, relying on the brand equity of Distilleries Company of Sri Lanka and the established liquor brand portfolio within the group. 

Its Periceyl (Pvt) Ltd. unit focuses on the distribution of locally manufactured foreign liquor, and targets customers for its premium-branded products. 

“The group is expected to increase its focus on premium brands such as Franklin Brandy, Flinton London Dry Gin and Petroff Vodka, given an expected increase in per capita GDP and tourism in Sri Lanka,” the stock exchange filing said.

Demand for alcohol is expected to continue its growth trajectory with a potential shift towards premium alcoholic products, it said.

With liquor is expected to continue as a major contributor to government revenue from taxes and duties, the government is expected to continue in its efforts to restrict the illicit liquor market in Sri Lanka, the filing said.

The group is exposed to tea and rubber businesses through its plantations Balangoda Plantations PLC and Madulsima Plantations PLC. 

“The plantations industry has been facing challenges owing to weak commodity prices due to volatility in global markets and mandatory wage hikes,” it said. “The company’s strategy for the plantation segment in future is to diversify its crop to oil palm and reduce exposure to the volatile tea and rubber segments.”

Melstacorp said fluctuations in global spirit prices will have an impact on its gross profit margin. 

“Given that spirits account for a substantial portion of the beverage sector’s raw materials, the company is exposed to movement of spirit prices,” the stock exchange filing said. “A price hike is therefore likely to contract margins for the sector.”

To mitigate the impact of higher raw material prices, the company said it’s policy is to increase its level of inventory on spirit volumes during periods of low prices.
(COLOMBO, Dec 02, 2016)

17 Re: 2 new IPOs on the way on Sun Dec 04, 2016 3:49 am

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics
Reference price of Rs. 69 per share published for Melstacorp
December 3, 2016, 6:35 pm 

Melstacorp Ltd., the new holding company of Distilleries Company of Sri Lanka PLC (DCSL), last week published a draft introductory documents (filed with the Colombo Stock Exchange and included in its website) indicating that that approx. 1.165 billion of its shares will be listed on the main board of the CSE.

Melstacorp became the holding company of DCSL by virtue of a court and shareholder approved ‘arrangement’ under which each DCSL share is being swapped for four shares of Melstacorp.

A reference price of Rs. 69 per Melstacorp share is stated in the draft introductory document.

The swap would be completed once regulatory approvals are finalized. The publication of the draft introductory document by the CSE is indicative that the CSE process is virtually complete and SEC clearance is awaited but no dates have been given.

DCSL Chairman Harry Jayawardena who is described in the introductory document as "one of the most successful and prominent business magnates in Sri Lanka" is Chairman/Director of Melstacorp and Mr. Amitha Gooneratne, former Managing Director of the Commercial Bank is its MD.

The other directors are Messrs. CR Jansz, Niranjan Deva Aditya, Capt. K.J. Kahanda, Dr. Naomal Balasuriya, Don Hasitha Stassen Jayawardena, R. Seevaratnam and Ms. V.J. Senaratne (alternate for Niranjan Deva Aditya).

Messrs. Jansz and Kahanda (in addition to the MD) are executive directors, Deva Aditya, Balasuriya and Seevaratnam are independent, non-executive directors and Hasitha Jayawardena a non-independent, non-executive director.

The draft document indicates that the Melstacorp directors have been paid emoluments including bonus and/or profit sharing payments of a total of Rs. 37.4 million in the year ended March 31, 2016, and it is estimated that they will be paid Rs. 39.1 million in the next financial year ending March 31, 2017.

The only director/shareholder of Melstacorp is Mr. Hasitha Jayawardena with approx. 7.53 million shares (subject to SEC approval).

DCSL, with Melstacorp as its holding company, will remain a listed entity on the CSE. It is expected to make a new share issue (at a yet undisclosed price) with preference in allotment given to its former shareholders in the future.

According to the draft introductory document, Melstacorp as holding company of DCSL is a diversified conglomerate domiciled in Sri Lanka with its business interest spanning Beverage, Plantations, Telecommunication, Financial Services and Other Diversified Sectors.

DCSL is the market leader in the hard alcohol segment in the country. Balangoda Plantations PLC and Browns Beach Hotel PLC are subsidiaries of the Melstacorp Group which are listed on the Colombo Stock Exchange (CSE).

Furthermore CSE listed conglomerate Aitken Spence PLC and Madulsima Plantations PLC are associate companies of Melstacorp. The Group employs a staff cadre of approximately 12,700.

18 Re: 2 new IPOs on the way on Sun Dec 04, 2016 2:32 pm

Teller

avatar
Moderator
Smile

19 Re: 2 new IPOs on the way on Mon Dec 05, 2016 8:15 pm

Teller

avatar
Moderator
As per the latest info , 8 IPO s are scheduled. Have your guys noticed. That?

20 Re: 2 new IPOs on the way on Mon Dec 05, 2016 10:03 pm

EquityChamp

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Moderator
Too much IPO's too not good for market. Few per year is enough.

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