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  • #34
    If traders looking for waves, then 34 is the next ride
    "The best values today are often found in the stocks that were once hot and have since gone cold"

    Comment


    • #35
      Leapfrog group buys Sri Lanka Soflogic Life Insurance stake from FMO

      Dec 19, 2018

      A 19-percent stake in Sri Lanka's Softlogic Life Insurance has been sold by the Netherlands-based FMO to the Leapfrog Investments group, which has a focus on Asia and Africa.
      "This investment reveals our positive view of Sri Lanka's long-term trajectory, and its financial services industry," Leapfrog Chie Executive Andrew Kuper said in a statement.

      Softlogic Chairman Ashok Pathirage said exiting partner FMO helped strenghten the firm.
      He hoped the investment in his insurance unit woudl be the first of many investments in Sri Lanka.

      The stake changed hands in two blocks, one of 35.6 million shares at 30.80 rupees each and the other of 35.6 million shares at 30.70 rupees each, down 19-20 percent from the previous, opening trade.
      The total value of the 71.2 million shares traded was 2.18 billion rupees. The transaction amounted to a 19 percent stake in Softlogic Life Insurance, formerly Asian Alliance Insurance.

      https://economynext.com/Leapfrog_gro...-12946-17.html

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      • #36
        Its worth at 30Rs/share for them.
        "The best values today are often found in the stocks that were once hot and have since gone cold"

        Comment


        • #37
          Softlogic Life Insurance, Lanka IOC in S&P Sri Lanka 20 Index

          ECONOMYNEXT – The Colombo Stock Exchange (CSE) has included Softlogic Life Insurance and Lanka Indian Oil Corporation in the S&P Sri Lanka 20 index, which tracks the top 20 largest and most liquid stocks, in its latest revision.

          Other companies included in the semiannual rebalancing of the index are Ceylon Tobacco Co., Nations Trust Bank and Union Bank of Colombo, , the CSE said in a statement.

          They replace Ceylinco Insurance, Hemas Holdings, LOLC Holdings, Melstacorp and Vallibel One at the 2018 year-end index rebalance.

          The exclusions and inclusions were announced by S&P Dow Jones Indices, effective from 24 December 2018 (after the market close of 21 December 2018).

          The S&P SL 20 index includes the 20 largest companies by total market capitalization listed on the CSE that meet minimum size, liquidity and financial viability thresholds.

          The constituents are weighted by float-adjusted market capitalization, subject to a single stock cap of 15%, which is employed to reduce single stock concentration.

          The CSE said the S&P SL 20 index has been designed in accordance with international practices and standards.

          Effective from 24 December 2018 the stocks in the S&P Sri Lanka 20 in alphabetical order are as follows.

          No. COMPANY TICKER
          1 Access Engineering PLC AEL.N0000
          2 Aitken Spence PLC SPEN.N0000
          3 Ceylon Tobacco Co. PLC CTC.N0000
          4 Chevron Lubricants Lanka PLC LLUB.N0000
          5 Commercial Bank of Ceylon PLC COMB.N0000
          COMB.X0000
          6 DFCC Bank PLC DFCC.N0000
          7 Dialog Axiata PLC DIAL.N0000
          8 Hatton National Bank PLC HNB.N0000
          HNB.X0000
          9 John Keells Holdings PLC JKH.N0000
          10 Lanka IOC PLC LIOC.N0000
          11 National Development Bank PLC NDB.N0000
          12 Nations Trust Bank PLC NTB.N0000
          13 People's Leasing & Finance PLC PLC.N0000
          14 Richard Pieris & Company PLC RICH.N0000
          15 Sampath Bank PLC SAMP.N0000
          16 Softlogic Holdings PLC SHL.N0000
          17 Softlogic Life Insurance PLC AAIC.N0000
          18 Teejay Lanka PLC TJL.N0000
          19 Tokyo Cement Company (Lanka) TKYO.N0000
          TKYO.X0000
          20 Union Bank of Colombo PLC UBC.N0000
          Live Today........
          Without compromising your ability to Live Tomorrow………

          Comment


          • #38
            Guys, please advice me, at what price if I am to buy, should I target at.

            Thanks in advance :)

            Comment


            • #39
              SP can reach Rs 50 with the dividend ......
              Live Today........
              Without compromising your ability to Live Tomorrow………

              Comment


              • #40
                We can reasonable expect Rs 5 dividend this time....
                Live Today........
                Without compromising your ability to Live Tomorrow………

                Comment


                • #41
                  New 52 weeks high

                  Rs 42.90
                  Live Today........
                  Without compromising your ability to Live Tomorrow………

                  Comment


                  • #42
                    Originally posted by PAT View Post

                    MT target need to revised to Rs 50

                    Hopefully with Dec quarter result and dividend.......
                    Within 4 weeks reached Rs 47.20
                    Live Today........
                    Without compromising your ability to Live Tomorrow………

                    Comment


                    • #43
                      Phew...

                      Comment


                      • #44
                        New comers Dont enter now
                        AAIC is highly heated and in no time run will stop
                        But if u hold low level , can wait some more

                        Comment


                        • badinvestor
                          badinvestor commented
                          Editing a comment
                          There will be a dividend this time right? Will the price go further up with that?

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