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chutiputha
KDDND
Backstage
stocks hunter
Ethical Trader
Leon
Sriranga
12 posters
United Motors - Sub-Division
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
http://www.cse.lk/cmt/upload_cse_announcements/8991404271594_.pdf
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Yes if you buy on or prior to X date (which has not been announced yet and they cannot give a date with restrospective effect) you will be elligible for sub-division.Leon wrote:@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Ethical Trader wrote:Yes if you buy on or prior to X date (which has not been announced yet and they cannot give a date with restrospective effect) you will be elligible for sub-division.Leon wrote:@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Tnx ET. I just had a look at their history and last time it was in 2010(If my memory correct) they have done the sub-division. And also I was bit skeptical whether they go for a right issue as well.
What is their object in their doing this???
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Leon wrote:Ethical Trader wrote:Yes if you buy on or prior to X date (which has not been announced yet and they cannot give a date with restrospective effect) you will be elligible for sub-division.Leon wrote:@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Tnx ET. I just had a look at their history and last time it was in 2010(If my memory correct) they have done the sub-division. And also I was bit skeptical whether they go for a right issue as well.
What is their object in their doing this???
Somebody may reply.......
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
The reason was given last time on share split "to improve the liquidity of the share in the stock market". I think the same this time also. Plus I don't think they'll go for a right issue in near future.
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Redbulls wrote:The reason was given last time on share split "to improve the liquidity of the share in the stock market". I think the same this time also. Plus I don't think they'll go for a right issue in near future.
Tnx Red. How far will it come down this time?? Just make a prediction.
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
Last time on the day of split announced that is on 13/10/2010, closing trading price was 220.70.
(Source: http://archives.dailynews.lk/2010/10/14/ShareMarket.asp)
Last day before the split that is on 30/11/2010, closing trading price was 214.40.
(Source: http://archives.dailynews.lk/2010/12/01/ShareMarket.asp)
First day after the 2:1 split that is on 06/12/2010, closing trading price was 99.50.
(Source: http://archives.dailynews.lk/2010/12/07/ShareMarket.asp)
(Source: http://archives.dailynews.lk/2010/10/14/ShareMarket.asp)
Last day before the split that is on 30/11/2010, closing trading price was 214.40.
(Source: http://archives.dailynews.lk/2010/12/01/ShareMarket.asp)
First day after the 2:1 split that is on 06/12/2010, closing trading price was 99.50.
(Source: http://archives.dailynews.lk/2010/12/07/ShareMarket.asp)
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Redbulls wrote:Last time on the day of split announced that is on 13/10/2010, closing trading price was 220.70.
(Source: http://archives.dailynews.lk/2010/10/14/ShareMarket.asp)
Last day before the split that is on 30/11/2010, closing trading price was 214.40.
(Source: http://archives.dailynews.lk/2010/12/01/ShareMarket.asp)
First day after the 2:1 split that is on 06/12/2010, closing trading price was 99.50.
(Source: http://archives.dailynews.lk/2010/12/07/ShareMarket.asp)
Can somebody do an analysis on UML as how it will perform in the future after the sub-division??.
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
If you all see the equity portfolio of UML, you won't regret of any investment in UML. It is simply excellent.
Currently I hold UML.
Currently I hold UML.
stocks hunter- Top contributor
- Posts : 1280
Join date : 2014-03-16
Yes they have invested nicely in the mkt during past couple of years. All most every investment they are at a profit at present. This includes blue chip companies and 2.0mnshares in NDB and HNB,COMB,SAMP,DFCC,NTB,DIST,TJL,SPEN all are in the portfolio. These boys have hired a very good investment advisor to the company. will see .....
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
And I thought it was all about Montero sales 
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
stocks hunter wrote:Yes they have invested nicely in the mkt during past couple of years. All most every investment they are at a profit at present. This includes blue chip companies and 2.0mnshares in NDB and HNB,COMB,SAMP,DFCC,NTB,DIST,TJL,SPEN all are in the portfolio. These boys have hired a very good investment advisor to the company. will see .....
Me too got the same feeling and would be delighted to find the person who is behind this. Ans also this is a good lesson for the companies who depend only on their core business. Well done UML.
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Any news regarding the Sub-division??? Is there any possibility to give up the idea by the board?? I mean can they do that??
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
Last time after the initial announcement, EGM was held after 6 weeks.
I'm expecting this time by 3rd week of August 2014.
I'm expecting this time by 3rd week of August 2014.
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Redbulls wrote:Last time after the initial announcement, EGM was held after 6 weeks.
I'm expecting this time by 3rd week of August 2014.
Thanks for the reply.
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
25-Jul-2014
UNITED MOTORS LANKA - SUB DIVISION OF SHARES (DATES)
UNITED MOTORS LANKA PLC
Company ID: - UML
Date of EGM: - 19.Aug.2014
Sub Division based on the shareholding as at end of trading on: - 19.Aug.2014
Period of Dealing Suspension (Both days inclusive): - 20.Aug.2014 to 22.Aug.2014
Date of commencement of trading: - 25.Aug.2014
UNITED MOTORS LANKA - SUB DIVISION OF SHARES (DATES)
UNITED MOTORS LANKA PLC
Company ID: - UML
Date of EGM: - 19.Aug.2014
Sub Division based on the shareholding as at end of trading on: - 19.Aug.2014
Period of Dealing Suspension (Both days inclusive): - 20.Aug.2014 to 22.Aug.2014
Date of commencement of trading: - 25.Aug.2014
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Now it is around 130.00-135.00. If bulls continues this may hit 150.00. Isn't it. I bought Q 126.00 and hope to hold long term.
stocks hunter- Top contributor
- Posts : 1280
Join date : 2014-03-16
Leon after the announcement this should come down to Rs127 levels as per the sri Lankan style.
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
stocks hunter wrote:Leon after the announcement this should come down to Rs127 levels as per the sri Lankan style.
@SH, 127.00 will be grate. I suppose it will come down to 90.00-100.00 or further down.
stocks hunter- Top contributor
- Posts : 1280
Join date : 2014-03-16
leon - No I mean not after the subdivision. after the announcement. normally that type of things are happening hare no?
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
This quarter UML is badly hit. EPS mere 2.50. Will see how they fight next Q.
KDDND- Top contributor
- Posts : 459
Join date : 2014-02-23
Leon wrote:This quarter UML is badly hit. EPS mere 2.50. Will see how they fight next Q.
I guess this poor result will badly effect to reduce share price after sub division.....
I expect it would come back to 120/- range even after sub division....
Since EPS dropped from 6/- to just 2+.
High chance for it stay around 80 - 100 range for more time...
Anyway let's see........
GL
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
Government to purchase 1000 pickups from UML it is reported in the Sunday times today. Good for UML.
chutiputha- Top contributor
- Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL
United Motors Lanka wins Highest Sales Volume Award forValvoline
Valvoline, a lubricant and car care product range marketed by United Motors Lanka PLC was awarded for Highest Sales Volume in 2013/14 at the recently conducted Valvoline South East Asia Conference which was held in Mumbai, India.
The award recognized Valvoline Sri Lanka for its outstanding performance in South East Asia during the last financial year.
Ref :- http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=119939
Valvoline, a lubricant and car care product range marketed by United Motors Lanka PLC was awarded for Highest Sales Volume in 2013/14 at the recently conducted Valvoline South East Asia Conference which was held in Mumbai, India.
The award recognized Valvoline Sri Lanka for its outstanding performance in South East Asia during the last financial year.
Ref :- http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=119939
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