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  • OMG, I did not receive mine. Need the check with the Co Sec.

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    • Active trading in shares of John Keells Holdings (JKH)

      December 20, 2018

      Trading at the Colombo Stock Exchange (CSE) picked up with active trading in bellwether stock John Keells Holdings (JKH).

      JKH traded close to Rs2bn (US$11mn) worth of shares as trading neared the close for the day. The amount of shares traded today is close to 1% of the total outstanding shares of the company. The shares were traded at prices close to Rs160/share (the price at which the company has an open stock buyback offer).

      The market capitalisation of JKH sits close to US$1.2bn, and the stock is trading close to book value.

      For the last few months, JKH has seen foreign institutional selling to local buyers. For the most part, the local buyers have been Harry Jayawardena controlled Melstacorp, and the Captian family. Together these entities are speculated to already own over 25% of the total outstanding shares of Sri Lanka’s most important company.

      http://www.lankabusinessonline.com/a...-holdings-jkh/

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      • Susantha Ratnayake bids farewell to JKH, Balendra junior in as Chairman

        January, 1, 2019


        Sri Lanka’s leading conglomerate – John Keells Holdings’ Chairman Susantha Chaminda Ratnayake retired at the end of 31st December 2018 after a long tenure in the company, making way for a new team to take over the reins at the country’s largest listed conglomerate, as announced in the Group’s succession plan.

        Ratnayake served as the Chairman of the company since 2006. And the succession plan has outlined that Krishan Balendra (a son of former JKH Chairman Kandiah Balendra) will assume office as the Chairman/CEO and Mr. Gihan Cooray as the Deputy Chairman/ Group Finance Director, with effect from 1st January 2019.

        In the last quarter of September 2018 JKH group revenue rose by 10% to Rs.32.57 billion for the period under review, the challenges the organization face came from the leisure sector owing to lower occupancies in its Colombo hotels sector – a common problem faced by 5-star hotels due to an over- supply of accommodation – and closure of some properties for refurbishing.

        http://bizenglish.adaderana.lk/susan...n-as-chairman/

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        • Buyback over yesterday and hope foreign selling too

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          • Fun is over?

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            • John Keells bolsters market share

              13 January 2019

              The John Keells Group has invested to expand capacity and capability with local and foreign expertise and seize the growth opportunity in all its verticals.
              The new JKH Chairman Krishan Balendra told the Business Observer that the company is building new hotels and refurbishing some properties in Sri Lanka and the Maldives.
              He said the Group is aggressively expanding its supermarket chain along with many expansionary moves, such as launching the Tri-Zen apartment project, completing a new ice cream plant and building a distribution centre for the logistics business.

              “The scale of the investment that the John Keells Group is making across our verticals would surpass any other business organisation in the country.
              This is a reflection of our confidence in the growth opportunity for our businesses,” Balendra said while adding, that the Group has developed medium to long term plans for its business verticals.

              John Keels Holdings PLC is the largest listed conglomerate in the Colombo Stock Exchange with businesses abroad as well. The Group operates three hotels in the Maldives.
              “The country will continue to see reasonable economic growth despite political volatility. This augurs well for business. There are negative sentiments, but if you look at the economic growth and improvements in social indicators that the country has achieved over many years, despite the war against terrorism and other issues, there is good reason to be positive about the future,” Balendra said.

              He said the demand for hotel rooms in Colombo continues to grow.
              “We believe the supply side will improve over time. Some new developments such as the Cinnamon Life project will introduce big malls and large conferencing and banqueting spaces which are absent in Colombo.

              “This will create a new regional market for the city. While the number of new rooms may seem high compared to what we had, it is small compared to regional cities. While in the short term there is an oversupply, we are confident that this will change with time,” he said.
              From managing hotels to providing port, marine fuel and logistics services to IT solutions, manufacturing of food and beverages to running supermarkets, tea brokering to stock brokering, life insurance and banking to real estate, the Group has its presence in all major sectors of the economy.

              The Group, since its beginning in the early 1870s as a producer and exchange broker, is known for re-inventing and repositioning itself in new avenues for growth.


              http://sundayobserver.lk/2019/01/13/...s-market-share

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              • So far 39 50 000 @ 151.50 crossings and when this foreign selling over and ASI recover

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                • Yes Ruwan seeing enough of this same JKH selling.

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