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
» GLASS??????
Today at 7:36 am by soileconomy

» Hunt like a LION for favorite stocks
Today at 7:25 am by soileconomy

» 1 litre of petrol 15/- sri lank Rupees in ksa
Today at 6:52 am by hettdas

» Good shares for short term trading ?
Today at 6:28 am by ShiraBoy

» LONG TERMS INVESTMENT වලට හොද SHARES ගන්න හොද Company මොනවද කියලා කියන්න පුලුවන්ද
Today at 2:57 am by Hari

» RHL Mega Potential
Today at 2:40 am by anges

» MULL- good shares in penny stock
Today at 2:34 am by anges

» Sierra Cables Hit the previous High 6/=
Today at 1:05 am by kassachandi

» Technical Analytics & Charts
Today at 12:57 am by CARACALLA

» MUST WATCH
Today at 12:40 am by CARACALLA

» This comment by MP Sujeewa Senasinghe in Vaada pitiya
Today at 12:32 am by CARACALLA

» 14 Days more....
Today at 12:32 am by stockback

» ASCO more volumes because of the forum
Today at 12:28 am by Hari

» කොටස්‌ වෙළෙඳපොළේ S&P ශ්‍රී ලංකා 20 දර්ශකයෙහි සමාගම් වෙනස්‌ වෙයි
Today at 12:13 am by rmark

» Malapaninawanam Dont Trade pls
Yesterday at 11:45 pm by fireshelter

» UDPL watch and win
Yesterday at 11:08 pm by fireshelter

» OSEA when will you recover?
Yesterday at 11:02 pm by fireshelter

» LIOC - Is it worth investing?
Yesterday at 10:08 pm by kumarweerarathne

» Pls upload a latest Valuation guide..........!!!!!!!!
Yesterday at 10:06 pm by CSE.SAS

» YALUWANE CFL.N0000 TIKAK BUY KARAMUDA 27 LEVEL EKEN TRDING SADAHA PAMANAI.
Yesterday at 9:45 pm by ONTHEMONEY

» OSEA Need not to promote...
Yesterday at 9:16 pm by Thushara Ayya

» HVA is warming up
Yesterday at 8:57 pm by Thushara Ayya

» Burnt the hand - REEF W
Yesterday at 8:54 pm by hasarel

» Renuka Holdings (RHL) Net Asset Value per Share Rs.58.90, Still Trading below Net Asset Value
Yesterday at 8:25 pm by Jana

» Don't Don't do again and again!
Yesterday at 8:24 pm by Nitro 7

» IDEAS ABOUT KAPI ....
Yesterday at 8:22 pm by kassachandi

» President gets ‘Sellam Nagaradhipathi’ to harass Dhammika!
Yesterday at 8:17 pm by SHARK aka TAH

» Corruption in Sri Lanka - Devil is not so black as he is painted....
Yesterday at 7:54 pm by nalban

» 12.5% return within 3 days
Yesterday at 7:32 pm by Vasyan

» KAPI Community
Yesterday at 7:13 pm by Vasyan

» Political Nepotism and future of Sri Lanka.
Yesterday at 7:06 pm by SHARK aka TAH

» MY3'S Manifest - Views from Concerned Investors
Yesterday at 7:05 pm by sampath.anuradha

» Lucky Lanka profit down
Yesterday at 6:33 pm by SHARK aka TAH

» TFC- ARR finish their sold
Yesterday at 4:56 pm by Gainer

» Anybody have Lucky Lanka Milk(LLMP) annual report ?
Yesterday at 3:44 pm by Nuwan Samarawickrama

» PAP train is ready to go......
Yesterday at 3:32 pm by TuskerLK

» Breaking news...........
Yesterday at 3:17 pm by Dhehan

» PABC - 28M Shares sold Today
Yesterday at 1:42 pm by Sarabulathwita

»  Hot Hot News from SARA
Yesterday at 1:40 pm by Sarabulathwita

» Unrealized G/L .
Yesterday at 1:15 pm by suranga.oshadi

» DFN Average Cost After RHL rights
Yesterday at 12:57 pm by OneYear

» SIRA selling site getting week now.
Yesterday at 11:45 am by Jana

»  ASCO තමා යොදයා.,
Yesterday at 9:51 am by sharemarket

» SDB SDB SDB SDB,,,
Yesterday at 6:05 am by Kinm hunter

» ASCO promotion going on
Thu Dec 18, 2014 7:49 pm by gradetrader

» Bull Stock Today
Thu Dec 18, 2014 7:26 pm by Jana

» Stock Market Review – 18th Dec 2014
Thu Dec 18, 2014 6:51 pm by ShiraBoy

» SHARK aka TAH.....
Thu Dec 18, 2014 4:34 pm by Sarabulathwita

» who will win-an analysis
Thu Dec 18, 2014 3:49 pm by nimantha80

» Rs. 6 Billion for TFC from Central Bank of Si Lanka
Thu Dec 18, 2014 2:16 pm by Jana

» ASCO ඉස්කෝප්ප අසියා!!!!
Thu Dec 18, 2014 1:57 pm by sach9993

» Ready to go up... Started
Thu Dec 18, 2014 1:41 pm by RPPA

» 84.8% shares are over value in cse with current earnings
Thu Dec 18, 2014 1:08 pm by Gainer

» sach9993 next bet ASCO
Thu Dec 18, 2014 12:35 pm by sach9993

» DirectFN - Accounts Summary..?
Thu Dec 18, 2014 12:29 pm by Dhehan

» ASCO the hidden gem in the market
Thu Dec 18, 2014 12:28 pm by sach9993

» ASCO ,ASCO.!ASIAN COTTENS..
Thu Dec 18, 2014 12:27 pm by sach9993

» ASCO ASCO..mage ilang stock eka
Thu Dec 18, 2014 12:25 pm by sach9993

» ASCO..!ASCO.!ASIAN COTTENS..
Thu Dec 18, 2014 12:08 pm by sach9993

» ASCO is the best?
Thu Dec 18, 2014 12:07 pm by sach9993

» ASCO gamet bahinai hadane
Thu Dec 18, 2014 12:06 pm by sach9993

» ASCO the power
Thu Dec 18, 2014 12:06 pm by sach9993

» WHAT IS GOING ON?????
Thu Dec 18, 2014 12:00 pm by dakshinadk

» Rs 1,200/-million for 1 km. big commission
Thu Dec 18, 2014 11:13 am by worthiness

» will govt' reduce Fuel price in next week??????
Thu Dec 18, 2014 11:08 am by Dhehan

» LDEV............LDEV.............
Thu Dec 18, 2014 11:00 am by aiyosalli

» JKH. good time to enter
Thu Dec 18, 2014 10:48 am by Octopus

» GUYS LISTEN TO ME...
Thu Dec 18, 2014 10:35 am by dakshinadk

» MACHANLA CFL MANDATERY OFFER LAST DATE 18 DEMBER,WHAT WILL HAPPEN ?
Thu Dec 18, 2014 9:37 am by Ernie Tissera

» RPPA , SACH9993! how is BLUE N , X ?
Thu Dec 18, 2014 9:29 am by anjelo

» Sri Lankan stocks fall for fifth day; hit near 3-wk low
Thu Dec 18, 2014 8:47 am by Sarabulathwita

» How about GREG.W0006 ?
Thu Dec 18, 2014 8:44 am by Sarabulathwita

» why GREG.W6 traded volume is 2.1mill today?
Thu Dec 18, 2014 8:42 am by Sarabulathwita

» People’s Leasing & Finance appointed to manage CIFL
Wed Dec 17, 2014 11:46 pm by sach9993

»  BLUE-(Blue Diamonds Jewellery Worldwide PLC)
Wed Dec 17, 2014 11:05 pm by hlsindrajith

» sdb good to buy in market! pass 120/= soon
Wed Dec 17, 2014 10:57 pm by hlsindrajith

» Latest News - From UNP Official facebook fan page
Wed Dec 17, 2014 9:12 pm by Sarabulathwita

» HVA Ready for Run
Wed Dec 17, 2014 8:30 pm by ColomboInvestor

» KAPI is collecting at 70-71
Wed Dec 17, 2014 4:30 pm by shane001

» KAPI - hidden gem
Wed Dec 17, 2014 3:44 pm by Sarabulathwita

» CFL - MANDATORY Offer Close on 18 Dec
Wed Dec 17, 2014 3:24 pm by slmarket2

» How do I get new divident cheque?
Wed Dec 17, 2014 2:30 pm by rmark

» Top 10 stocks to invest in...........
Wed Dec 17, 2014 1:16 pm by piras

» atl go up further on next week?
Wed Dec 17, 2014 12:59 pm by fff4sl

» BLUE EGM news post...
Wed Dec 17, 2014 12:21 pm by sudheeee

» Tomorrow is the Day
Wed Dec 17, 2014 12:01 pm by hlsindrajith

» Next:CSF has to beg a loan from CB
Wed Dec 17, 2014 11:43 am by Teller

» colombo fort city will be banned.mr.ranil wick
Wed Dec 17, 2014 11:23 am by Dhehan

» Compromised Judiciary
Wed Dec 17, 2014 11:10 am by stocker

» ජනපති සටනට පැරීසියත් පෙරමුණ ගනී
Wed Dec 17, 2014 11:10 am by Sarabulathwita

» RHL X & N sell or hold?
Wed Dec 17, 2014 10:26 am by piras

» KAPI.N Issaraht drop wenwooo
Wed Dec 17, 2014 9:46 am by Sarabulathwita

» CIFL and TFC
Wed Dec 17, 2014 9:21 am by Kinm hunter

» ESL OR CFVF ....
Wed Dec 17, 2014 9:16 am by kassachandi

» NDB-DFCC ඒකාබද්ධ කිරීම ගැන NDB සභාපතිවරයාගේ නවතම හෙළිදරව්ව – (Video Interview)
Wed Dec 17, 2014 7:30 am by ShiraBoy

» where ever mr.asanga senavirathna is on.right issues are on.
Tue Dec 16, 2014 9:56 pm by hlsindrajith

» MACHANLA IF WE TARGET XR DATE WHAT IS THE BEST ? KAPI.N0000 / ASCO.N0000
Tue Dec 16, 2014 8:22 pm by kassachandi

» Time is free, but it's priceless. You can't own it, but you can use it. You can't keep it, but you can spend it.
Tue Dec 16, 2014 7:56 pm by Asoka Samarakone

» S&P SL 20 දර්ශකයෙන් සමාගම් තුනක් හැළේ
Tue Dec 16, 2014 7:46 pm by Nuwan Prasad

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

WHO IS THE NEXT PRESIDENT OF SRI LANKA?

 
 
 

View results

Forum Rules & Guidelines
Sri Lanka Equity Analytic
Disclaimer

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.

www.srilankaequity.com 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, www.srilankaequity.com 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.
http://print.dailymirror.lk/business/127-local/55893.html

windi5
Moderator

Posts: 1524
Points: 3423
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

Azthama
Senior Equity Analytic
Senior Equity Analytic

Posts: 75
Points: 1374
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.

windi5
Moderator

Posts: 1524
Points: 3423
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?

sanjrox
Equity Analytic
Equity Analytic

Posts: 43
Points: 1415
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.

positive
Stock Analytic
Stock Analytic

Posts: 13
Points: 1250
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 .
2.now 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.............

gainonly
Stock Analytic
Stock Analytic

Posts: 12
Points: 1228
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