Shareholders are the essence
of the companies. It is their money that fuels the Company
and provides growth and services to the larger society. Our
primary responsibility to them is to enhance their shareholder
value. But it is not shareholder value at any cost but value
with responsibility and profits with sustainability. Part
of our responsibility to our shareholders is to create a vision,
an infrastructure and a human resource base that will make
the Company a truly competitive organisation that will lead
from the front in the area of communications.
At Rs. 52,341 million, we are now the largest company in terms
of market capitalisation in the Colombo Stock Exchange. The
SLT share reached a high of Rs. 30.00 in October 2003 before
stabilising at Rs. 18.00 in December 2003. Earnings per share
grew from Rs. 0.12 in 2000 to reach an all time high of Rs.
1.25 in 2003.
Investor Care: A New Frontier
in Shareholder Relations
SLT recently set up an Investor Relations Division the main
task of which is to communicate with our shareholders and
address their concerns. In 2003 we launched a plush quarterly
newsletter ‘Investor’ which is available both
in PDF format on our website and is also issued as a hard
copy to all stakeholders. The newsletter presents in a concise
and easily digestible form, the main events at SLT during
the previous quarter.
The SLT website has a separate section, Investor Relations
that addresses investors concerns specifically. It contains
the Annual Reports in PDF and HTML formats and the daily share
price. Trading details are updated periodically and investors
may register to receive daily newsletters on the performance
of the share and other relevant company information. Trading
history is also available on the website for those investors
who want plot the performance of the share over a period of
time.
Constant Dialogue with Fund Managers
Last year SLT met the country’s leading fund managers.
The objective of the meeting was to share with the fund managers
information on SLT’s performance and business potential.
The financial position of the Company and SLT’s strategy
over the medium to long were also discussed. Events since
privatisation, the security of the investment and the potential
returns on investments were other issues that were taken up.
Marketing SLT at the Investor Forum
SLT participated at the CLSA Investor Forum 2003 held in Hong
Kong, held over five days. One thousand institutional investors
from 29 countries attended presentations and investor meetings
hosted by 430 corporates. The event provides a unique opportunity
for telecom executives to meet potential investors and dialogue
with them on their company’s investment potential.
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