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    poultry sector is recovering amidst soon GOSL will allow direct import of maize.
    "The best values today are often found in the stocks that were once hot and have since gone cold"

  • #2
    Financial Performance- Period ended 30 June 2018

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    Last edited by ruwan326; 08-13-2018, 02:25 PM.


    • SHARK
      SHARK commented
      Editing a comment
      i think the poultry sector seem to be recovering, slowly. a much awaited run will not be bad either to lift the sentiment.

  • #3
    Originally posted by ruwan326 View Post
    Financial Performance
    {"alt":"Click image for larger version Name:\tGRAN-q2.png Views:\t1 Size:\t109.5 KB ID:\t326","data-align":"none","data-attachmentid":"326","data-size":"full"}
    Lets see BFL;)
    Last edited by ruwan326; 08-13-2018, 02:25 PM.


    • #4
      Are they into diversification/partnership/merger/acquisition or internal business growth?


      • #5
        Unfortunately neither. They are comfortable keeping the money in the bank.

        I don't blame them, Given all the nonsense that we see in the sector.


        • #6
          Todsy i noticed it started to trade in the early 60s. Can we expect some major play amongst the poultry shares, in time to come. Few more regulations need to be sorted out, and can that happen this winter.
          "The best values today are often found in the stocks that were once hot and have since gone cold"


          • #7
            I thought, I heard the Chairman Weerasooriya's named been mentioned somewhere, with regards to the Mahapola Scandal. Will dig a bit more and post.

            As I heard the funds of Mahapola has been invested in one of their related company's.

            Didn't GRAN's also invest in a similar manner?


            • #8
              Nat Wealth Corporation was established in the year 2003. I though it established recently.


              Mahapola Higher Education Scholarship Trust Fund and its activities


              • #9
                Losses to the tune of Rs. 2.254 billion due to investment choices made have been settled by the Mahapola Fund, the Minister told the Cabinet, adding that in addition to this the company had incurred tax interest and legal expenses due to administrative lapses, with a loss of nearly Rs. 300 million during 2015 alone due to administrative deficiencies and fraudulent practices of the directors and CEOs of the two companies, Rajapakshe told the Cabinet.

                According to a breakdown of losses done by the Ministry of Higher Education, in the period 2003-2017 the fund had incurred an estimated Rs. 1.687 billion loss of earnings while the loss incurred by the Mahapola Principal Fund from 2013 to 2014 due to investments under an interest rate below the average market interest rate was Rs. 567.21 million.



                • #10
                  Here we go. First wave, raid by Alli Baba's Joni, Second Amdan's group Gamini's BIL Dr. Wick and Son & Co.


                  Let's hope GRAN money is safe.


                  • #11


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