Business Times

Man to watch: Giant strides by high networth investor Dr T. Senthiverl

Stock Market Review
By Elton P. Ebert

If it was Dhammika Perera, the Captains and Raj Rajaratnam among others who have dominated the Colombo bourse over the past decade, the ‘new kid of the block’ (not entirely young anyway) is high networth investor Dr T. Senthiverl who is swiftly making a name for himself as an active trader in the market.

This week Dr.T Senthiverl who cornered around 1.5 million shares in Ceylon Tea Services at a reduced price of Rs. 650 per share, took a 13.5 % stake in Bogawantalawa Plantations, and invested Rs 500 million in The Finance share issue. “He is a big player in the market,” one stockbroker said.

Meanwhile at this week’s shortened trading week, palm oil stocks drove the market up on Monday to healthy heights, which also activated most of the bourse resulting in the ASI reaching the record 7811 points, a massive gain of 225 points! Other shares linked to the Carson Cumberbatch chain also made hefty gains - Ceylon Guardian closed at Rs 446.50 and Ceylon Investment at Rs.189.40.

The same day there was over 11 million shares in Bogawantalawa Plantations and 20 million Dialog shares rendering support to the day’s turnover. However on Tuesday the palm oil stocks took a beating with Indo Malay down to Rs 1500, Good Hope to Rs 1300 and Shalimar to Rs.960 following the rest of the market in which a heavy round of profit taking took place. Guardian Capital which shocked the bourse last week was again drawing attention but at lower levels. Shareholders at the end of trading on Friday 18th, were entitled to the Rights Issue of 75 shares for every 2 shares at Rs.20.

In the rest of the activity, Perpetual Capital, the arm of Free Lanka Group, appears to be perpetually scouting for solid investments as seen by the purchase of 448,000 shares in Lanka Ashok Leyland at a bargain price of Rs.1000 per share. It immediately moved up and closed for the day at Rs.2383. Last week, this group took a 10.3% stake in Ceylon Grain Elevators.

Also on Tuesday HVA made its debut at Rs 24 and moved up to Rs 29, eventually closing at Rs 26.30 in dealings of over 19 million shares. Meanwhile indications are that the Union Bank IPO is drawing a massive response.Lanka Ashok Leyland gained further on Friday to close at Rs 2620.

Price Band
The price band was lifted on MTD Walkers on February 18 while it was imposed on Lanka Ashok Leyland on the same day to March 11.

Rights
East West Properties 3 for 1 at an issue price of Rs.10.
Heavily traded
Dialog 21,751.300
Richard Peiris 9,420.900
The All Share Index which experienced a depression on Tuesday ended the week at 7672.49, gaining 85.86 points or 1.13% while the Milanka was 17.66 points or .05% lower at 7242.15
(Elton, our regular columnist on the stockmarket, could be reached at iepebert@gmail.com)

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Disappointed Chinese investors return with another investment
Indian business baron on a 3-day holiday with wife, mother
PEO TV delays new installations
Wage battle soon in plantations
Sierra Cables to produce more ABC output against unviable copper
5-star hotel room rates $125 from April
Chaos continues at BOI; staff mulling ‘serious’ union action
Sri Pada pilgrims get relief from foot massage
Comment - Trouble brewing on plantations
Features - Professor Gishan Dissanaike: An emerging luminary in Economics from the University of Peradeniya
Features - More females than males in households:Govt survey
DFCC 3Q 10/11 group income reaches Rs. 13 bln
53% YoY 3Q 10/11 group net profit for Cargills, post 3 Coins, Kotmale
Hemas earnings up by 59.2%, strong growth from healthcare, transportation, leisure
Ceylon Oxygen to invest Rs 1.3 bln in new unit
Tourism, not an industry but glamour and hype, SLT head claims
AA, Asian Alliance in MoU for insurance needs
Rewarding transparency the ACCA way
Umbrella maker Rainco now into ‘Window ware and shade systems’
Features - Sri Lankan estate sector deprived of full budgetary allocations
Revenues up 45% YoY for Lankem-controlled CW Mackie
Letters
SEC’s rule on fast buck traders may be amended
Cessna aircraft makes its entry into the corporate world
Nestlé opens nominations for Rs 55 mln-worth 2012 Prize in ‘Creating Shared Value’
Focus - Broadband quality: We are there at last!
LOLC reduces borrowing costs thro’ access to long-term finance
Expolanka moves up the ladder to a corporate boardroom future
BOI jumps on ‘Wonder of Asia’ bandwagon, FDI target over $1 billion
Education issues at ST Business Club
WFP welcomes ECHO support to the flood-affected
Sri Lanka’s debt to GDP ratio at manageable levels
Sri Lankan Emeritus Prof. wins international award
Circumstances count more than attributes in investing
Sri Lanka could be a production house to India
EFC sets up HR network and launches website
Two chambers come together for mutual benefit
Microsoft Sri Lanka takes IT to 1,000 rural villages
Czech Republic to double trade volumes with Sri Lanka
Renuka posts 3Q10/11 consolidated revenue jump of 150% YoY
Man to watch: Giant strides by high networth investor Dr T. Senthiverl
Colombo prepares for mega seminar by Asian Branding Guru Martin Roll
Another $217 mln IMF tranche in April

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution