Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Friday, December 11, 2009

SRI LANKA - RENUKA HOLDING (VOTING / NON VOTING)

Rhl has 96% in Renuka agro exports ltd. RAEL owns 52.23% of Coco lanka & Coco owns 78.6% in Renuka Agri Foods Ltd.

The ultimate holding company of RAEL,RAFL & Coco is Rhl. Now Rhl has announced a sub division of its shares at a ratio of 5 for 1 .This looks attractive & the market reacts positively for the previous subdivision announcement by LLUB,ASIR,TOKYO N, etc.

Rhl profitability shows a significant growth (2466% YOY) as at 30/09/09. NAV stands at 123.50 per share & EPS is 11.26.

Price as at 11/12/09       Voting - Rs 124.75.
                                        Nonvoting -Rs 95
                                        ASI 3056.64