Lanka Securities Morning Note 27 May 215

Interim Financial Statements 31-03-2015 - Ceylon Cold Stores (CCS), John Keells Holdings (JKH), MTD Walkers (KAPI), Softlogic Finance (CRL), Kelsey Developments (KDL), Dunamis Capital (CSEC), Browns Beach Hotels (BBH), Commercial Leasing & Finance (CLC), Swisstek (Ceylon) (PARQ), Kelani Tyres (TYREE), Lanka Ventures (LVEN).

Serendib Hotels – Interim Dividend of LKR 1.00 per share:
XD – 05th June 2015
Payment date – 16th June 2015

People’s Leasing & Finance – Final Dividend of LKR 0.50 per share:
XD – 02nd July 2015
Payment date – 10th July 2015

C.W.Makie – First & Final Dividend of LKR 3.00 per share:
XD – 25th June 2015
Payment date – 06th July 2015

Diesel & Motor Engineering – Final Dividend of LKR 20.00 per share:
XD – 05th June 2015
Payment date – 16th June 2015

Vallibel Finance – First & Final Dividend of LKR 2.00 per share:
XD – 05th June 2015
Payment date – 16th June 2015

United Motors Lanka – Revaluation of Properties:
A valuation report dated 22nd May 2015 on the lands owned and occupied by the
company was approved by the board. Subsequent to this revaluation, the value of the lands attributed to owner occupied properties and, arising therefrom, the surplus on revaluation of approx. LKR 1.73bn is transferred to the revaluation reserve account as at 31st March 2015.

Orient Finance – Proposed amalgamation with Bartleet Finance (BFN):
BFN shall be the surviving entity upon the completion of the amalgamation and continue its activities as a single legal entity which is a licensed finance company. The amalgamation shall be effective from the date as may be approved by the Registrar General of Companies. (Refer attachment for more details)

Textured Jersey Lanka – Corporate Disclosure:
Board of directors of TJL has decided to proceed with the acquisition of Quenby Lanka Prints (Private) Limited. In February 201, TJL initiated a valuation and due diligence study for the potential acquisition and subsequent to discussions between the relevant parties, a purchase price of USD 3.5mn (approx. LKR 473mn) has been agreed upon. (Refer attachment for more details)

CSE – Media Release - CDS signs MoU with NSDL India:
The Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services. The MoU intends to explore opportunities for cooperation between the two depositories, establish a basis for cooperation in depositary and settlement related matters, and establish operational linkage between the two depositories.