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.

Sunday, January 31, 2010

SRI LANKA - HORANA PLANTATIONS REPORTED IMPROVED PROFITS - TO BACKED THE PLANTATION RALLY

See Report on Plantations Horana Plantation mainly engage in the Business of Tea & Rubber. Very recently they have announced that they have plans to develop its first mini hydro plant and is developing its bungalows for tourism as well . (see report)

The company is 80% owned by Ceylon theatres group.

Horana has reported an improved profits for the nine months ending 31/12/2009 YOY as a result of the improved Tea prices & Rubber prices fetched in the world market. This was clearly reflected in their last quarter profits.(Oct-Dec 09) .

Net assets per share was Rs 27.99 as at 31/12/2009 up from Rs 26.48 reported for the same period in 2008.
Horana share price was at Rs 25/- on 29/01/2010. There all time high price is Rs 46.25 .