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ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
The Investor Sentiment - Equity and investments forum for Sri Lankans :: Equities :: Industry Analysis :: Plantations
ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
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yellow knife- Top contributor
- Posts : 5764
Join date : 2014-03-27
Re: ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
Payout ratio from Earnings stand a higher value and even at current prices the dividend yield remains attractive.
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yellow knife- Top contributor
- Posts : 5764
Join date : 2014-03-27
Re: ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
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yellow knife- Top contributor
- Posts : 5764
Join date : 2014-03-27
Re: ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
yellow knife- Top contributor
- Posts : 5764
Join date : 2014-03-27
Re: ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
This warehouse is the first Green Warehouse of Sri Lanka and double the storage capacity of the company.
Since the warehouse is energized only by solar power it will reduce the energy bill substantially and improve the profit.
At present ASIY is one of the four leading tea brokers of the country which share 14% of the 320 Million Kilogram export...
yellow knife- Top contributor
- Posts : 5764
Join date : 2014-03-27
pqrst- Posts : 5
Join date : 2016-03-05
Re: ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
Its biggest share holder is on margin...and has been shredding its stake form 80% to reach 57%...
Pan Asia Banking Corporation PLC/Lanka Commodity Brokers Limited
212,942,149
81.901%
31.03.2014
To
Pan Asia Banking Corporation PLC/Lanka Commodity Brokers Limited
149,148,464
57.365%
31.03.2016
***********************************************************
Last sale was done by the directors on 1st September 2015 and this interval seems to signal that selling is over.. What ever it is they may not sell 6% more to reach a value below 51% of the ownership....
yellow knife- Top contributor
- Posts : 5764
Join date : 2014-03-27
Re: ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
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sls and I had a good discussion with diverse opinion going on.
Just to make a correction, "Directors" did not sell. It was the parent which was selling.
Now my assumption was because they were in margin as they had to buy extra during a mandatory offer (if my memory is correct) and they had to clear.
This was a good one to have had when prices were much lower and good dividends declared. Now profits are lower so don't expect same dividends to continue. A lot of income came from the lending business. Now they have increased warehouse capacity through new warehouse. But till they utilize it fully, it won't perform at optimum level.
I don't hold ASIY anymore and have not studied this deeply. Comment above just from my memory.
First Guy- Posts : 2533
Join date : 2014-02-22
The Investor Sentiment - Equity and investments forum for Sri Lankans :: Equities :: Industry Analysis :: Plantations
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