| As at | 31 December 2018 | 31 December 2017 | ||||||
| Shareholding, percentage | Foreign | Local | Total | Foreign | Local | Total | ||
| Individual | 8.09 | 7.79 | 15.88 | 8.02 | 7.60 | 15.62 | ||
| Institutional | 15.82 | 68.30 | 84.12 | 15.89 | 68.49 | 84.38 | ||
| 23.91 | 76.09 | 100.00 | 23.91 | 76.09 | 100.00 | |||
Management Discussion and Analysis
Investor Capital
The Bank is focused on communicating relevant and timely information to its investors. This is done with the aim of helping the investors obtain a fair understanding of underlying strengths of the Bank and future business prospects.
Shareholder profile
The Bank had 8,880 shareholders on 31 December 2018 (corresponding to a figure of 8,728 as at 31 December 2017), with the total number of shares in issue remaining fixed at 265,097,688 ordinary shares. Institutions account for approximately 84% of the Bank’s share capital. 76% of the Bank's share capital is held by local shareholders, both institutional and individual.
Share information
DFCC Bank share price information for the period 1 January 2018 - 31 December 2018.
|
01 January to 31 December 2018 |
01 January to 31 December 2017 |
|||
| Price indices | ||||
| ASPI | 6,052.37 | 6,369.26 | ||
| S&P SL20 | 3,135.18 | 3,671.72 | ||
| Share price | ||||
| Lowest price (LKR) | 87.00 | 110.00 | ||
| Highest price (LKR) | 124.70 | 138.20 | ||
| Closing price (LKR) | 93.00 | 122.80 | ||
| Market capitalisation | ||||
| Value (LKR Mn) | 24,654 | 32,554 | ||
| Percentage of total market cap | 0.87 | 1.12 | ||
| Rank | 24 | 18 | ||
| Value of shares traded | ||||
| Value (LKR Mn) | 365.31 | 1,575.59 | ||
| Percentage of total market turnover | 0.18 | 0.71 | ||
| Rank | 59 | 24 | ||
| Days traded | ||||
| Number of days traded | 239 | 237 | ||
| Total number of market days | 240 | 240 | ||
| Percentage of market days traded | 99.60 | 98.75 | ||
| Frequency of shares traded | ||||
| Number of transactions | 5,191 | 5,350 | ||
| Percentage of total frequency | 0.59 | 0.54 | ||
| Rank | 46 | 51 |
Share price
Share price movement
Distribution of shareholding
| Share range | 31 December 2018 | 31 December 2017 | |||||
| Number of shareholders | Total holding | Percentage | Number of shareholders | Total holding | Percentage | ||
| 01 – 1,000 | 5,812 | 1,802,814 | 0.68 | 5,641 | 1,794,816 | 0.68 | |
| 1001 – 5,000 | 2,352 | 4,902,295 | 1.85 | 2,362 | 4,865,268 | 1.84 | |
| 5,001 – 10,000 | 308 | 2,221,277 | 0.84 | 322 | 2,328,317 | 0.88 | |
| 10,001 – 50,000 | 294 | 6,427,117 | 2.42 | 293 | 6,448,247 | 2.43 | |
| 50,001 – 100,000 | 46 | 3,243,705 | 1.22 | 41 | 2,963,550 | 1.12 | |
| 100,001 – 500,000 | 43 | 8,845,370 | 3.34 | 44 | 9,155,740 | 3.45 | |
| 500,001 – 1,000,000 | 3 | 1,987,718 | 0.75 | 3 | 1,987,718 | 0.75 | |
| 1,000,000 and above | 22 | 235,667,392 | 88.90 | 22 | 235,554,032 | 88.85 | |
| 8,880 | 265,097,688 | 100.00 | 8,728 | 265,097,688 | 100.00 | ||
| 31 December 2018 | 31 December 2017 | |||
|
Public holding percentage |
63.4 |
63.4 |
||
|
Number of public shareholders |
8,867 |
8,715 |
||
|
Float adjusted market capitalisation |
LKR 15,631 Mn |
LKR 20,639 Mn |
||
|
Applicable option as per CSE Listing Rule 7.13.1 (a) |
Option 1 |
Option 1 |
| Name of shareholder/company | 31 December 2018 | 31 December 2017 | ||||
| Number of shares | Percentage | Number of shares | Percentage | |||
| Bank of Ceylon No. 2 A/c | 38,039,994 | 14.35 | 38,039,994 | 14.35 | ||
| Hatton National Bank PLC A/c No. 1 | 32,396,140 | 12.22 | 32,396,140 | 12.22 | ||
| Sri Lanka Insurance Corporation Limited – Life Fund | 26,509,832 | 10.00 | 26,509,832 | 10.00 | ||
| Mr M A Yaseen | 26,506,750 | 10.00 | 26,296,700 | 9.92 | ||
| Employees’ Provident Fund | 24,368,995 | 9.19 | 24,368,995 | 9.19 | ||
| Melstacorp PLC | 22,175,280 | 8.36 | 22,175,280 | 8.36 | ||
| Seafeld International Limited | 15,286,794 | 5.77 | 15,286,794 | 5.77 | ||
| HSBC Intl. Nominee Ltd. – BPSS Lux-Aberdeen Global Asia Pacific Equity Fund | 9,842,898 | 3.71 | 9,901,281 | 3.73 | ||
| Renuka City Hotels PLC | 6,926,870 | 2.61 | 6,926,870 | 2.61 | ||
| HSBC Intl. Nominee Ltd. – BP2S LDN-Aberdeen Asia Pacific Equity Fund | 5,438,669 | 2.05 | 5,470,928 | 2.06 | ||
| HSBC Intl. Nominees Ltd. – BP2S London-Edinburg Dragon Trust PLC | 4,528,328 | 1.71 | 4,555,187 | 1.72 | ||
| Renuka Hotels PLC | 4,073,360 | 1.54 | 4,073,360 | 1.54 | ||
| Employees’ Trust Fund Board | 3,987,952 | 1.50 | 3,987,952 | 1.50 | ||
| HSBC Intl. Nominees Ltd. – BP2S London-Aberdeen Asia Smaller Companies Investment Trust | 3,866,936 | 1.46 | 3,889,870 | 1.47 | ||
| Akbar Brothers (Pvt) Ltd. A/c No. 1 | 2,578,688 | 0.97 | 2,552,270 | 0.96 | ||
| Cargo Boat Development Company PLC | 2,498,200 | 0.94 | 2,498,200 | 0.94 | ||
| Anverally International (Pvt) Ltd. | 1,579,345 | 0.60 | 1,553,415 | 0.59 | ||
| Crescent Launderers & Dry Cleaners (Pvt) Ltd. | 1,482,548 | 0.56 | 1,482,548 | 0.56 | ||
| HSBC Intl. Nominees Ltd. – BP2S London-Aberdeen New Dawn Investment Trust XCC6 | 1,450,311 | 0.55 | 1,458,914 | 0.55 | ||
| Renuka Consultants & Services Ltd. | 1,097,992 | 0.41 | 1,097,992 | 0.41 | ||
| Total of the 20 major shareholders | 234,635,882 | 88.50 | ||||
| Other shareholders | 30,461,806 | 11.50 | ||||
| Total | 265,097,688 | 100.00 | ||||
Return to shareholders – Bank
| Description | 2018 | 2017 | ||
| Profit for the year (LKR million) | 2,768 | 4,415 | ||
| Return on total assets (%)* | 0.80 | 1.48 | ||
| Net assets per share (LKR) | 165.40 | 180.60 | ||
| Earnings per share (LKR) | 10.44 | 16.65 | ||
| Dividend per share (LKR) | 3.50 | 5.0 |
* After eliminating fair value reserve
Financial return
The Bank aims to regularly provide high total shareholder returns through profitable and sustainable performance. The Directors approved a first and final dividend of LKR 3.50 per share for the year ended 31 December 2018. Dividends are based on growth in profits, while taking into account future cash requirements and the maintenance of prudent ratios.
