Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Managers’ Review

Managers’ Review

Go down  Message [Page 1 of 1]

1 Managers’ Review on Sat Feb 10, 2018 9:16 pm


Manager - Equity Analytics
Manager - Equity Analytics
Deal flow in the 1st half of 2017 slowed down relative to last year, with Q2 deal flow coming in weaker than Q1. The deals evaluated did not meet our investment criteria and hence no new investments were made during the period.
                   We continue to explore avenues to exit two investments, and hope to conclude the process over the next couple of quarters. 
                      For the 6 months ended September 2017, Guardian Capital Partners PLC (GCP) recorded a loss of Rs.29.9 mn and a total comprehensive expense of Rs. 24.6 mn. The loss recorded was primarily due to an impairment of Rs. 42.1 mn made against the investment in Swiss Institute for Service Industry Development (Pvt) Ltd, as reported in Q1, due to an alleged misappropriation of funds in the said investee company.
           Administration costs increased due to costs incurred with respect to legal proceeding and other settlements with respect to Swiss Institute.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum