Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Financial Reports Q-3 2018
by ruwan326 Today at 9:09 am

» FOREIGN NEWS
by ruwan326 Today at 8:30 am

» CROSSINGS TODAY
by ruwan326 Today at 8:24 am

» Daily Foreign Transactions
by ruwan326 Today at 8:22 am

» JINS - BFN DELAS 100% SURE මතකද . ජනශක්ති GENERAL සමාගම වික්ක හැටි - එක පාරටම
by ruwan326 Today at 8:21 am

» BFN ගනු දෙනුව වෙනවා ..
by ruwan326 Today at 8:10 am

» රැවටෙන්න එපා ..විකුන්නන එපා ..ණයට ගන්න එපා .BFN - JINS එකතු කරන්නා හෙට දිනනනවා
by sanjulanka Today at 8:09 am

» News Behind CTCE.N0000 Running?
by crs Yesterday at 6:08 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 9:36 am

» ##FUN TOONS###
by ruwan326 Yesterday at 9:14 am

» NDB declared ‘Bank of the Year’ by The Banker, UK
by ruwan326 Yesterday at 8:41 am

» NDB wins Banking Sector National Business Excellence Award 2018
by MarketWch Mon Dec 10, 2018 5:33 pm

» Market will RISE expecting a MR Led new government
by samaritan Mon Dec 10, 2018 1:52 pm

» CSE THIS WEEK
by ruwan326 Mon Dec 10, 2018 11:37 am

» Summary of Key Announcements during the week
by ruwan326 Mon Dec 10, 2018 11:25 am

» No worries about BFN Deal .i
by ruwan326 Mon Dec 10, 2018 11:21 am

» CSE WEEKLY
by ruwan326 Mon Dec 10, 2018 11:13 am

» Dealing by directors
by ruwan326 Mon Dec 10, 2018 10:55 am

» ALHP WILL MOVE UP from next MONDAY
by aklt Mon Dec 10, 2018 10:47 am

» ඔරියන්ට් ෆ්යිනැන්ස් -විකිනීම ස්තිරයි - අද ද අයිලන්ඩ් පුවත් පත බලන්න 2020 වෙනකම් පුලුවන් නම් තියා ගන්න - අදහා ගන්න බැරි ආදායමක් ලබන්න
by ruwan326 Mon Dec 10, 2018 10:33 am

» @RANFERDI, YAhapalan, In which list are you? Puravesi Lithro List, or Kiriella List or other list
by ranferdi Mon Dec 10, 2018 9:06 am

» #PM Crisis#
by ranferdi Mon Dec 10, 2018 9:05 am

» Stocks don’t go up and stay up because of stories, tips, or people’s opinions
by ruwan326 Mon Dec 10, 2018 9:00 am

» FINANCIAL INSTITUTIONS IMPAIRMENT COST
by Yahapalanaya Sat Dec 08, 2018 11:10 pm

» MONTH PEACE & HAPPINESS
by Ryan Hudson Sat Dec 08, 2018 6:40 pm

» JINS NO DEAL YET - BFN IS ON AND POSITIVE -CHECK THE COMPNAY ANNOUNCEMENT CAREFULLY - NO NOTHING ABOUT BFN
by kalu351 Fri Dec 07, 2018 10:03 pm

» Will ALHP be eliminated from the CSE?
by wisdom79 Fri Dec 07, 2018 8:41 pm

» Is TKYO.N0000 a Sleeping Giant
by aklt Fri Dec 07, 2018 7:52 pm

» FINALY – BFN – TAKE OVER NEWS IS OUT OFFICIALY -DONT SELL BELOW 20 TRY TO BUY AT CURRENT 15-17 LEVELS
by Equity Suda Fri Dec 07, 2018 12:57 pm

» PLAYERS PICK OF THE DAY
by ruwan326 Fri Dec 07, 2018 7:39 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Why COCR related party transaction is skeptical

Why COCR related party transaction is skeptical

Go down  Message [Page 1 of 1]

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
Everyone here are worried about COCR director wife dealing to sell shares of COCR,  But I mentioned this is very skeptical.



This announcement camw in as a surprise when everyone had high hopes of a deal at 111.00.


When a person appointed in to the board their personnel holdings and holdings of related parties are given to the CSE to publish. But Mr Casie Chitty's wife's holdings were not disclosed although his own holding were disclosed when he apointed as an executive director in January 2016.



If he didn't mention it back then what's the hurry to mention a sell it when evryones attention is with the company.


Penawa neda aulak kiyala.

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@cse.newbie wrote:Everyone here are worried about COCR director wife dealing to sell shares of COCR,  But I mentioned this is very skeptical.



This announcement camw in as a surprise when everyone had high hopes of a deal at 111.00.


When a person appointed in to the board their personnel holdings and holdings of related parties are given to the CSE to publish. But Mr Casie Chitty's wife's holdings were not disclosed although his own holding were disclosed when he apointed as an executive director in January 2016.



If he didn't mention it back then what's the hurry to mention a sell it when evryones attention is with the company.


Penawa neda aulak kiyala.


this selling is create selling pressure. then they can slowly buying big amount and maximize profit. plan is very clear.

and this director and wife holding are 0.5M stocks. Main share holder gave clear direction in august. 

if COCR is bad company then why main share holder selling are only around 6%. now COCR is good company to invest. after one year they will reach NAVP is around 40 and EPS 12. if you think as a investment this is good opportunity and also (morethan 50% short term)

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@stockback wrote:
@cse.newbie wrote:Everyone here are worried about COCR director wife dealing to sell shares of COCR,  But I mentioned this is very skeptical.



This announcement camw in as a surprise when everyone had high hopes of a deal at 111.00.


When a person appointed in to the board their personnel holdings and holdings of related parties are given to the CSE to publish. But Mr Casie Chitty's wife's holdings were not disclosed although his own holding were disclosed when he apointed as an executive director in January 2016.



If he didn't mention it back then what's the hurry to mention a sell it when evryones attention is with the company.


Penawa neda aulak kiyala.


this selling is create selling pressure. then they can slowly buying big amount and maximize profit. plan is very clear.

and this director and wife holding are 0.5M stocks. Main share holder gave clear direction in august. 

if COCR is bad company then why main share holder selling are only around 6%. now COCR is good company to invest. after one year they will reach NAVP is around 40 and EPS 12. if you think as a investment this is good opportunity and also (morethan 50% short term)
So which one we should consider Very Happy Very Happy Very Happy

Group lease transaction?????
Directors wife selling????
Or as I said today new Singapore investment????

Basketball Basketball Basketball Basketball Basketball

Come on guys we need to find answers ....... So we can invest on COCR or back away

EquityChamp

avatar
Moderator
Try to read below the line. Think

Announced capital gain
Then comes the intention of foreign buyer
Next day within 15minutes share went up by 30%
Then this director's wife selling story
Buy support aroundd 65......

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@EquityChamp wrote:Try to read below the line. Think

Announced capital gain
Then comes the intention of foreign buyer
Next day within 15minutes share went up by 30%
Then this director's wife selling story
Buy support aroundd 65......
And COCR VOLUME last 6 days Very Happy Very Happy Very Happy Very Happy Very Happy

Oct       volume  close
3rd-     66 944      54.10/=
4th- 20 29 662     72.80/=
5th-   8 87 715     68.30/=
6th-   3 12 693     67.80/=
7th-      77 171     68/=
10th      89 963    65.60/=

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
Here is more on this directors dealing:

The announcement on CSE says according to the Rule 7.8 - d of the Listing Rules, the dealing of the director's wife is disclosed to CSE. 



The Rule 7.8 - d says;
"A director or CEO of a Listed Entity shall be deemed to have a Relevant Interest in shares or Other Class of Shares where a Close Family Member of the director or CEO (not being himself a director or CEO of the Listed Entity), as the case may be, directly or indirectly holds the said shares or Other Class of Shares issued by the Listed Entity)" 




‘Close Family Member’ includes spouse as well.


When the director was appointed back in January 2016 - His holdings were disclosed.

But His wife's holdings were not.


But let's say his wife bought shares during the period of Jan to Oct, so where are those dealing disclosures?



Why only disclose when there is a sell at a crucial time? 
Think twice!



P.s : If I have invalid information on director dealings please let me know.
If I am correct, the director and the company should be questioned!

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
Buyers coming in the price is going up the news confirmation can be on the way.

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
My minimum Target is 80.00 deal or no deal

9 COCR NEXT RUN on Tue Oct 11, 2016 12:05 pm

ruwan326

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ruwan326 wrote:
@EquityChamp wrote:Try to read below the line. Think

Announced capital gain
Then comes the intention of foreign buyer
Next day within 15minutes share went up by 30%
Then this director's wife selling story
Buy support aroundd 65......
And COCR VOLUME last 6 days Very Happy Very Happy Very Happy Very Happy Very Happy

Oct       volume  close
3rd-     66 944      54.10/=
4th- 20 29 662     72.80/=
5th-   8 87 715     68.30/=
6th-   3 12 693     67.80/=
7th-      77 171     68/=
10th      89 963    65.60/=
Today over 150 000 by 12:00 Very Happy Very Happy Very Happy Very Happy Very Happy

as soon as volume reach 600 000 game on cheers cheers cheers cheers cheers cheers

4 50 000..... only to go......... question is when it will reach this volume
Since market is RED take few more days Basketball Basketball Basketball Basketball Basketball Basketball

Teller

avatar
Moderator
This is a bad image for COCR. I am a share holder but not happy on this disposal. Lot of retailers structed above 70/- levels so it may take another 2-3 years to get a profit. Paying 70+ is a more for COCR.

ONTHEMONEY


Manager - Equity Analytics
Manager - Equity Analytics
Hi all,

As Teller was extensively confirmed on the right issue announcement,really wanted know e sources! Who knows whether he is in e BOD

Maxime


Senior Equity Analytic
Senior Equity Analytic
COCR very hard to learn and something wrong somewhere

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Maxime wrote:COCR very hard to learn and something wrong somewhere


nothing wrong.

one of director wife sold 93K stocks. after her satisfaction or they wants to collect low  more quantity

some people spreading fake news for personal gain.  


Think and invest.....

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum