Controversial investor Nimal Perera discloses stock market positions in DailyFT report

October 16, 2018 (LBO) – In a high profile report in the DailyFT, controversial Colombo Stock Exchange (CSE) investor Nimal Perera disclosed his stock positions amounting to approximately Rs2bn. The report claimed that most of the positions were purchased recently.

The positions disclosed in the report under the name of his firm NP Capital are as follows:

  1. Hatton National Bank (HNB) – 1.7 million shares
  2. Sampath Bank (SAMP) – 2.5 million shares
  3. John Keells Holdings (JKH) – 1.5 million shares
  4. Aitken Spence (SPEN) – 1.5 million shares
  5. Expolanka (EXPO) – 3 million shares
  6. Ceylon Bank (SEYB) – 1 million shares
  7. Asian Hotels (AHPL) 2 million shares
  8. Tokyo Cement (TKYO) -2 million shares
  9. Access Engineering (AEL) 1.5 million shares
  10. Chevron Lubricants (LLUB) – .5 million shares
  11. Asia Asset Finance (AAF) – 7 million shares

Disclosure of the portfolio in the previous bull market would have sparked market reaction. However, as Nimal Perera is no longer associated with Dhammika Perera (possibly Sri Lanka’s richest man), analysts say it is less likely other investors will follow his lead.

However, unlike some of his previous investments, the portfolio includes Sri Lanka’s most prominent and fundamentally sound companies. Perera also did disclose that he has some leverage in his portfolio.