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
Latest topics
Today at 2:22 pm by kassachandi

» Snap Shot of My Share Portfolio - Latest
Today at 2:21 pm by VALUEPICK

» කොටස් වෙළඳපොල 'අයියෝ සිරිසේන' හෙවත් පොළොන්නරු සිරාගේ පැනයාම ඉෆෙක්ට් එකට බිඳවැටෙයි !
Today at 2:20 pm by kabba

» UNP government, will lead the Economy....
Today at 2:19 pm by RPPA

» Seems in this market no investors
Today at 2:16 pm by Dhehan

» Today market ends in green; bet is Herr Vodka. Who bet???????
Today at 1:59 pm by Ernie Tissera

» Analyzing about AGST
Today at 1:58 pm by SM2014

» Trust this forum.....or get out
Today at 1:53 pm by opfdo

» Who Will Win Next presidential Election
Today at 1:48 pm by barba

» Reality that I can see
Today at 1:38 pm by barba

» More to happen..........
Today at 1:34 pm by SHARK aka TAH

» Time to re-enter
Today at 1:33 pm by RPPA

» Dialog Axiata PLC Quartarly highlight
Today at 1:31 pm by Market R

» Today i made a great mistake?
Today at 1:21 pm by Ernie Tissera

» Selling and buying Theory...
Today at 1:10 pm by Thushara Ayya

Today at 12:53 pm by SM2014

» Keep Calm and Buy Buy Stocks; Still Patali, JVP didn't officially announce support to Maithripala? till Nov 24
Today at 12:50 pm by StockGuru

» 'Big Fish' To Jump Into Opposition's Net Three Days Before The Election
Today at 12:32 pm by Sstar

» Buy my own stock
Today at 12:31 pm by nirm

» Blood in the Street
Today at 12:28 pm by xmart

Today at 12:24 pm by RPPA

» SL Investors = children aged < 5 years
Today at 12:22 pm by Nuwan Samarawickrama

» My Observation - It's recovering now -ASPI gradully going up
Today at 11:52 am by gayanath1983

» Banner complaint... Please remove..!
Today at 11:50 am by StockGuru

Today at 11:49 am by Dhehan

» The Best Thing to Do! - Sri Lankans Sell Your Vote for a Bid starting at Rs.1 million each! - Explanation Here Read full
Today at 11:45 am by StockGuru

» පොළොන්නරු සිරාගේ රයිස් සහ ෆිෂ් මාෆියාව? කොහොමද වෙන්නේ ?
Today at 11:35 am by Market R

» ESL last 12 Month EPS 19.01 ESL value Above 200
Today at 11:35 am by NilangaG

» I have sold all
Today at 11:33 am by ifenny

» I cant Believe it 85 down with in 5 minites
Today at 11:29 am by RPPA

» TESS Agro...?
Today at 11:28 am by anjelo

» Welcome our New Members!
Today at 11:28 am by Sstar

» Mahinda Vs Maithri - OPINION POLL
Today at 11:27 am by Aubrey Perera

» Drop is over.....
Today at 11:25 am by kcrRanz

» CSE is going up - Donkeys are playing but not for long time
Today at 11:22 am by stocker

» Sirasa - Satana blocked on Dialog TV / Peo TV
Today at 11:19 am by සුදලිය මහාසෝනා

» WAIT untill tomorrow
Today at 11:18 am by piras

» What should we do today?
Today at 11:15 am by Ernie Tissera

» Market Reversal
Today at 11:14 am by Invest_Wisely

» Only two choice to vote.
Today at 10:53 am by Aubrey Perera

» RPPA .. Please advise ESL or CFVF
Today at 10:51 am by RPPA

Today at 10:46 am by jonny

» Udin Elluna Ayata Del
Today at 10:44 am by SHARK aka TAH

» Bairaha Farms PLC
Today at 10:44 am by VALUEPICK

» Reaching the bottom is over???
Today at 10:43 am by Dhehan

» Bull run here to stay, hold on to your stocks, say analysts
Today at 10:40 am by VALUEPICK

» Will there be a Market Halt?
Today at 10:38 am by Ernie Tissera

» At the day end.sellers will cry.........
Today at 10:10 am by anjelo

» pass 200 unit very fast
Today at 10:05 am by buddikasmart

» Strength of Sri Lanka Capital Market
Today at 9:56 am by Nuwan Samarawickrama

Today at 9:54 am by Nuwan Samarawickrama

» Tomorrow ASI is 150 down
Today at 9:45 am by Dhehan

Today at 9:45 am by Nuwan Samarawickrama

» What is the motive of the Banner
Today at 9:31 am by jonny

» දිට්ට දම්ම වේදනීය!
Today at 9:26 am by jonny

» Observe the market today carefully
Today at 9:23 am by goldenboy

» Political Uncertainty and its Impact on the Stock Market
Today at 8:53 am by Sstar

» Trading stocks or short term stocks
Today at 8:37 am by RPPA

» How to Evaluate Political and Economic Risk of a Country
Today at 8:27 am by Sstar

Today at 8:20 am by Sstar

» හෙට අයවැය පරද්දනවා.. එහෙම නොකලොත් මගේ තාත්තා බණ්ඩාරනායක නොවෙයි..
Today at 12:42 am by bakapandithaya

Today at 12:21 am by man123

» AGST Introduction Reference price 9/=
Today at 12:20 am by man123

» A Critical Analysis of the 2015 Sri Lanka Presidential Election
Yesterday at 11:15 pm by Sstar

» Defections a conspiracy, won't be deterred: Sri Lanka's President Mahinda Rajapaksa
Yesterday at 11:03 pm by Sstar

» Suddenly, Sri Lanka Presidential Elections Become a Real Contest
Yesterday at 11:00 pm by Sstar

» where to get the key performance indicator of a company
Yesterday at 10:58 pm by Zenoid

» Opposition secures Buddhist backing for Sri Lanka vote
Yesterday at 10:56 pm by Sstar

» MR vs MS Election
Yesterday at 8:55 pm by sew

» don't be panic and sell the Shares , plz keep it
Yesterday at 8:52 pm by suku502

» See this, I am seeing this for the fist time in my life
Yesterday at 8:48 pm by suku502

» MR or MS for the good of the country
Yesterday at 8:29 pm by sew

Yesterday at 7:34 pm by SHARK aka TAH

» SLMC/ TNA / CWC / UPF support whom?
Yesterday at 7:33 pm by SHARK aka TAH

» Dont Panic
Yesterday at 2:59 pm by SHARK aka TAH

» New Section for Political and Socio-Econimic Analysis
Yesterday at 2:51 pm by SHARK aka TAH

Yesterday at 11:48 am by aran

» Need a Buying advise please.
Yesterday at 11:32 am by Padonrup

» Political uncertainty to affect the stock market?
Yesterday at 11:13 am by VALUEPICK

Yesterday at 10:36 am by schemer

» Video: I will take on MR- Maithripala
Yesterday at 10:18 am by Sstar

» Mahinda Vs Maithri - OPINION POLL
Yesterday at 9:54 am by Sstar

» SCAP..............
Yesterday at 9:54 am by kuma524

» Being realistic with regard to current market and elections
Yesterday at 9:49 am by worthiness

» Attention:-Please bring all Politics news under one heading
Yesterday at 8:13 am by Sstar

» Will there be military coup when Maithri wins?
Yesterday at 4:01 am by stockback

» Attention: Do not want a unwanted panic...
Yesterday at 3:33 am by VALUEPICK

» Top Twentifive corporate performers 2013/14
Sat Nov 22, 2014 11:44 pm by hlsindrajith

» position of greg w6 within 3 months
Sat Nov 22, 2014 11:28 pm by man123

» මෛත්‍රී සමග ආණ්ඩුවෙන් ඉවත්වන පිරිස මෙන්න.
Sat Nov 22, 2014 11:08 pm by RPPA

» Hi Shark Let's Show Us Profitable Shares - We need you as share market expert
Sat Nov 22, 2014 9:52 pm by piras

Sat Nov 22, 2014 9:47 pm by piras

Sat Nov 22, 2014 8:44 pm by Market R

» ASI reaches 8500 level within 3 months
Sat Nov 22, 2014 7:50 pm by D.G.Dayaratne

» Next President....???
Sat Nov 22, 2014 7:29 pm by Octopus

» VPEL - News Just in
Sat Nov 22, 2014 6:47 pm by SHARK aka TAH

» Best share to buy for 1 mill
Sat Nov 22, 2014 6:22 pm by Balanced_Views

» ASPI might even move up on Monday
Sat Nov 22, 2014 6:20 pm by Balanced_Views

» ASPI will move up medium term - dont worry
Sat Nov 22, 2014 6:19 pm by Balanced_Views

Ask ORACLE Before you Buy or Sell Shares!
Virtual Stock Market Game
Virtual Stock Market Game - Vstox
Sri Lanka Equity - Entertainment



View results

Forum Rules & Guidelines
Sri Lanka Equity Analytic

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Majority of OGL shareholders say ‘no’ to PCH mandatory offer 551

Majority of OGL shareholders say ‘no’ to PCH mandatory offer

View previous topic View next topic Go down

Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Post by windi5 on Mon Sep 12, 2011 12:41 am

Shareholders representing 34 percent of Orient Garments PLC’s (OGL) stated capital have rejected to sell their holdings in the company in accordance to the mandatory offer presented by PCH’s S.H.M Rishan and PCH Holdings Private Limited.

The shareholders of OGL have communicated this to the Securities and Exchange Commission (SEC) ‘irrevocably confirming that they will not accept the mandatory offer at Rs.28 per each share’.

Those who have rejected the mandatory offer were Dr.T Senthilve (8, 666, 700 shares or 15.78 percent), Finco Holdigns Private Limited (5, 132, 425 shares or 9.35 percent), Finco Private Limited (3, 168, 000)shares or 5.77 percent, Swaruparanee Weerasooriya (551, 048 shares or 1 percent), Nishan Eshandra Weerasooriya (551, 048 or shares 1 percent), Nikan Private Limited (346, 400 shares or 0.63 percent) and Sarath Chandra Weerasooriya (234, 008 shares of 0.43 percent).

Even though PCH’s Rishan bought 29.95 percent or 16, 450, 000 shares at Rs.21.50, he had to come up with a mandatory offer at Rs.28, as he had been buying OGL shares earlier around Rs.28.

PCH Holdings, which is acting in concert with Rishan has 21.05 percent or 11, 557, 000 shares or OGL.


Posts: 1522
Points: 3395
Reputation: 157
Join date: 2011-05-21

Back to top Go down

Re: Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Post by Azthama on Mon Sep 12, 2011 2:22 am

Did cross selling happen recently at PCH.Is it what you mentioned in the thread.Pl explain. Many thanks Smile

Senior Equity Analytic
Senior Equity Analytic

Posts: 75
Points: 1348
Reputation: 15
Join date: 2011-08-24
Location: Untraceable

Back to top Go down

Re: Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Post by windi5 on Mon Sep 12, 2011 7:48 am

Nope this is not the PCH crossing. This is OGL deal, where PCH’s Rishan bought 29.95 shares of the company. He bought at Rs.21.50 and declared a mandatory offer for other remaining shares but it has been rejected by other major share holders of OGL. PCH crossing is a separate one, where Mr.Nihal bought 10% or 20% and sold them few days later.


Posts: 1522
Points: 3395
Reputation: 157
Join date: 2011-05-21

Back to top Go down

Re: Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Post by sanjrox on Mon Sep 12, 2011 5:42 pm

can any body explain how this will impact on OGL price? is it worth to hold?

Equity Analytic
Equity Analytic

Posts: 43
Points: 1389
Reputation: 0
Join date: 2011-04-16

Back to top Go down

Re: Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Post by positive on Tue Sep 13, 2011 12:21 am

OGL has following advantages to run soon.

1.comparatively low no of shares in the market. Only 15% out of that also we can assume only 10% will be trading.That means that around 6 million out of 54 million changing hand.
2.It went up till 48 and came back to 35 level and in between around 5-6 million has been traded.Around 4 million traded around 33 -35 level.If another 2 -3 million traded around same price,no body will be there who bought it above 35 level.So it is the time to run and it is the time to buy.if 100k or more traded for another 15 days,that will be the time for OGL
3.Mandatory offer is 28 and it is now trading @ 33.So it has less risk as it will not drop below 28.
4.Mandatory offer is over end of this months(26th sep).After that share holder understand that no body accepted the offer worth to hold.So will be the best time for OGL.If you have OGL just hold till 27th sep and see.
5.EPS for 2011 is 2.04 and NAV per share is 11.27.ODEL also in same sector
which has EPS 1.37 and NEV per share is 11.20.So as far as earnings concerned,OGL is 30% higher than ODEL.So fundermental wise also OGL is worth than ODEL.
6.point no 2 and point no 4 both will be coincide around 26th sep.So i am waiting till 26th September to buy more,sell or hold dicision.

This is jut my observations and view.Please fo your own studies...thanks.

Stock Analytic
Stock Analytic

Posts: 13
Points: 1224
Reputation: 4
Join date: 2011-08-06

Back to top Go down

Re: Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Post by gainonly on Sat Sep 24, 2011 8:42 pm

Mr.Possitive, your comments are acceptable.I also have the same feeling abt OGL,

Reason to run soon.

1.AAIC went up after the Mandatory offer,from 121 to 202 . the time to buy,30-31 range is good buy.
3.Most of Traders bought over 33
4.Monday -26th Sep will be last date of the offer.
5.Independent Auditors(BR de Silva) report which is issued to Mandatory offer ,is positive.
6.Went up to 48 & came down to 30,trading at good price now.
7.only 6 mn shares in the makt.
8.Major SHs not accepted the offer.
9.Still Finco Group is involving in the mgt activities.
10.Finco has the technology,PCh has the money.
11.Expectation to expand the operation.

just to watch and keep in touch with OGL.

Happy trading.............

Stock Analytic
Stock Analytic

Posts: 12
Points: 1202
Reputation: 0
Join date: 2011-08-22

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

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