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

SLEF Market Sentiment Indicator


View results

Your ride in Minutes!
TukTuk Network Type 'reg tuk vehicle no' send to 87711 or download the Mobile App
Latest topics
» TAFL foreign Buying...
by VALUEPICK Today at 12:45 pm

» Swisstek (Ceylon) PLC - A Growth Stock
by jayathu Today at 12:34 pm

» tafl 1000+ u will see 2025
by Pac-man Today at 12:10 pm

» ii shama gundu - BLI / SFL
by Pac-man Today at 11:50 am

» BLI at a attracting price levels
by Pac-man Today at 11:42 am

» BLI bubble will burst
by Pac-man Today at 11:42 am

» Rich Vs Poor
by GMNet Today at 11:30 am

» Well Done SRILANKA - South Asian Games
by Teller Today at 11:01 am

» where is admin I have big problem
by GMNet Today at 10:17 am

» what do u think about gran
by VALUEPICK Today at 8:59 am

» China is buying up companies around the world at a record rate — and it's great news for Wall Street
by VALUEPICK Today at 8:43 am

» Hotel sector is down ...
by hettdas Today at 7:33 am

» ChemChina Close to Buying Syngenta
by VALUEPICK Today at 7:11 am

» අගමැති ගෙන් විශේෂ ප්‍රකාශයක්
by dennam jambu Today at 7:02 am

» Best Bank Rally Since '12 Lifts Europe Stocks From Two-Year Low
by Gainer Today at 12:34 am

» Predict Maximum JKH W23 Price Before September 29...
by jayathu Yesterday at 11:58 pm

» GUAR , CINV , CFT , CIT , GREG , ASCO , .....
by Joe007 Yesterday at 10:32 pm

» Non adjustment of oil prices
by Senior Citizen Yesterday at 9:56 pm

» How to read your favourite member's topics
by Brinthan Yesterday at 9:44 pm

» I Run Naked If My Forecast Not Happen'ASI hit 7200 between 20th Dec-10th Jan'
by Brinthan Yesterday at 9:29 pm

» Lella Hutan JKH...
by cseranga Yesterday at 7:56 pm

» Yahapalana in 180 Degree turn - Create special zone in hambantota for China
by Ryan Hudson Yesterday at 7:33 pm

» What a massive performance from Bimputh Finance (BLI)
by Ryan Hudson Yesterday at 7:26 pm

» bli miracle trading level
by Ryan Hudson Yesterday at 7:25 pm

» Only real investor there is China
by nalaka_sg Yesterday at 4:20 pm

» SINHAPUTHRA FINANCE/ Interim Financial Statements 31-12-2015
by Madu@1 Yesterday at 1:40 pm

by Joe007 Yesterday at 1:27 pm

» BLI Massive Result
by Mubin Mustafa Yesterday at 12:55 pm

» M M analytic tool and tsunami-warning
by Mubin Mustafa Yesterday at 12:52 pm

» ASPI will reverse at 5800
by EquityChemp Yesterday at 9:09 am

» Picking Boring Stocks Pays Off for Norway Manager of $22 Billion
by VALUEPICK Yesterday at 8:00 am

» Poultry Sector - BFL, GRAN, TAFL
by VALUEPICK Yesterday at 7:54 am

» most of the companies released financial reports today.
by Gainer Yesterday at 3:34 am

» John Paulson: We're not facing another financial crisis
by VALUEPICK Yesterday at 2:19 am

» Will TAFL beat BFL Share Price with in another 02/03 years..?
by VALUEPICK Yesterday at 1:45 am

» U.K. Wheat Exports Rise to 10-Month High as Prices Slump
by VALUEPICK Yesterday at 1:21 am

» Is it finally time for value stocks to shine?
by VALUEPICK Fri Feb 12, 2016 4:39 pm

» Hold and wait.
by EquityChamp Fri Feb 12, 2016 2:35 pm

» BFL....DOWN...DOWN...
by EquityChamp Fri Feb 12, 2016 2:26 pm

» its gambling stock jkh. 23
by cseranga Fri Feb 12, 2016 2:18 pm

» CPRT NAV can go up by 1000/=
by Jana Fri Feb 12, 2016 12:56 pm

» Will the ASPI hit 6261 and go up again?
by prabath Fri Feb 12, 2016 12:20 pm

» SFL game over
by prabath Fri Feb 12, 2016 12:04 pm

» OSEA, any thoughts?
by Dhehan Fri Feb 12, 2016 10:43 am

» the chronicle of cse
by karuna Fri Feb 12, 2016 10:37 am

» JKH Ready to Break 200 +
by cseranga Fri Feb 12, 2016 10:37 am

» JKH W23 is Over, RIP Never Come Again....
by cseranga Fri Feb 12, 2016 9:53 am

» DFN or ATRAD .... ...
by EquityChamp Fri Feb 12, 2016 9:35 am

» Laxapana Batteries - A New Begining
by EquityChamp Fri Feb 12, 2016 9:29 am

» Mr. Maharaja can you advise
by visvajith Fri Feb 12, 2016 9:12 am

» polls
by FIRE123 Fri Feb 12, 2016 8:56 am

» ACME Printing, Lanka Aluminium & Alumex Q3 FY15/16
by deen Fri Feb 12, 2016 8:14 am

» God help GREG,TAP.
by EquityChamp Fri Feb 12, 2016 8:04 am

» MEL perfect exit.
by prabath Thu Feb 11, 2016 9:49 pm

» SIRA- performance and its future
by Senior Citizen Thu Feb 11, 2016 5:33 pm

» SOROS’s Phenomena in CSE
by Dhehan Thu Feb 11, 2016 3:12 pm

» TAFL - Dividend Pending
by worthiness Thu Feb 11, 2016 2:07 pm

» Kelani Tyres PLC - Invest for the future
by EquityChamp Thu Feb 11, 2016 1:50 pm

» Emerging Currencies Gain as Yellen Signals Gradual Rate Policy
by VALUEPICK Thu Feb 11, 2016 9:53 am

» CHMX earnings and its future
by Joe007 Thu Feb 11, 2016 9:43 am

» RCL group performance good
by jayathu Thu Feb 11, 2016 9:17 am

by Yahapalanaya Thu Feb 11, 2016 8:49 am

» now we have unbelievable protection people
by wisdom78 Thu Feb 11, 2016 8:31 am

» Good performance today
by fireshelter Wed Feb 10, 2016 11:47 pm

» CPRT trading discount price
by Jana Wed Feb 10, 2016 9:26 pm

by rifkhanlive Wed Feb 10, 2016 7:54 pm

» TYRE Good Financial Report
by EquityChamp Wed Feb 10, 2016 7:50 pm

» Maharaja says
by prabath Wed Feb 10, 2016 7:43 pm

» Tsunami WARNING!
by Vptilak Wed Feb 10, 2016 5:59 pm

» Maharaja is BACK
by EquityChemp Wed Feb 10, 2016 5:45 pm

» The countries bucking the downward global market trend
by reyaz Wed Feb 10, 2016 5:44 pm

» How to earn reputation..
by Mubin Mustafa Wed Feb 10, 2016 3:35 pm

» There are times when we need to face the situation and take the appropriate action...
by Asoka Samarakone Wed Feb 10, 2016 3:04 pm

» Dipped Products Sept net down
by Udith Fonseka Wed Feb 10, 2016 1:42 pm

» Who Issued free lanka for 5 rupees.
by buddikasmart Wed Feb 10, 2016 12:37 pm

» Renuka Agri Foods...RAL
by Jana Wed Feb 10, 2016 12:24 pm

by gayanath1983 Wed Feb 10, 2016 12:02 pm

» The $20 Billion Manager Who Won After the Crisis Is Buying Again
by VALUEPICK Wed Feb 10, 2016 11:33 am

» Why GRAN come down.
by shadow walker Wed Feb 10, 2016 11:05 am

» JKH one man show
by prabath Wed Feb 10, 2016 11:00 am

» Most unlucky shares in present market
by Nuwan Prasad Wed Feb 10, 2016 10:46 am

by shaban Wed Feb 10, 2016 10:44 am

» Dividend - HNB ASSURANCE PLC(HASU.N0000)
by Dhehan Wed Feb 10, 2016 10:35 am

» Sector Winners
by VALUEPICK Wed Feb 10, 2016 9:12 am

» Gold's Monkey Magic Seen Fading After Biggest Advance Since 1980
by VALUEPICK Wed Feb 10, 2016 8:59 am

» Which is better??
by Joe007 Wed Feb 10, 2016 8:31 am

» Asia Siyaka Commodities - ASIY.N
by Joe007 Wed Feb 10, 2016 8:19 am

» Good Financial Reports ALLI, CERA , CFIN
by Joe007 Wed Feb 10, 2016 8:09 am

» Buy John Keells Holdings - Investing for the future
by Joe007 Wed Feb 10, 2016 7:48 am

» Financial Crisis at banking sector in all leading markets in the world
by Joe007 Wed Feb 10, 2016 7:41 am

by Jana Wed Feb 10, 2016 3:06 am

» JKH Today Foreign Buy 451,100 Shares at 75 million Rupees
by karuna Tue Feb 09, 2016 9:37 pm

» have a great chance improve your profile
by karuna Tue Feb 09, 2016 9:14 pm

» Poultry Bullish Cup and Handle Pattern
by Maharaja Tue Feb 09, 2016 8:14 pm

» lion is sleeping not slipping
by Mubin Mustafa Tue Feb 09, 2016 4:51 pm

» Thanks Mr. Admin again
by karuna Tue Feb 09, 2016 3:48 pm

» My observation of current market
by karuna Tue Feb 09, 2016 3:16 pm

» JKH Two largest foreign shareholders Khazanah Fund or Aberdeen will Not Sell
by skyfall Tue Feb 09, 2016 3:08 pm

» This year end and 2017
by VALUEPICK Tue Feb 09, 2016 3:00 pm

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: 1547
Equity Stars: 4869
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
Equity Stars: 1795
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: 1547
Equity Stars: 4869
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
Equity Stars: 1836
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
Equity Stars: 1671
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.............

Senior Equity Analytic
Senior Equity Analytic

Posts: 88
Equity Stars: 1755
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
Who is online?
In total there are 109 users online :: 11 Registered, 0 Hidden and 98 Guests

bonbon, Brinthan, dennam jambu, GMNet, jayathu, kuma524, ma sha, Pac-man, Senior Citizen, Shan1039, wallstreetguy

[ View the whole list ]

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
We have 13687 registered users
The newest registered user is SantoTrigg1708

Our users have posted a total of 292850 messages in 45307 subjects
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.