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
» market drop is a necessary evil
Today at 10:40 pm by Sstar

» don't sell AEL, foreign Buying Continuously .it should be gone up sooner.................
Today at 10:30 pm by suku502

»  මීට වඩා හොඳ ‍පොදු අපේක්ෂකයෙක් ගැන සිතිය නොහැක - Dayan Jayathilake
Today at 10:27 pm by Sstar

» Credit Clear over Market will recover soon
Today at 10:17 pm by aran

Today at 10:06 pm by aran

» JINS Chart 25/11/2014
Today at 10:02 pm by shan

» Foreign Inflow/ (Outflow) 24/11/2014
Today at 10:00 pm by Senior Citizen

» JINS , TJL , PLC huge buying presure
Today at 10:00 pm by shan

» CFVF Chart 25/11/2014
Today at 9:52 pm by econ

» LCEM.N0000 ????
Today at 9:49 pm by Gainer

» COLO Lovers_ This is OLD COLO
Today at 9:26 pm by suku502

» sureshot heavily promote LCEM in chat forum....poor newcomers caught
Today at 9:22 pm by man123

» COLO - An Attractive Gem for High Net Investors / Fund Managers
Today at 9:22 pm by suku502

» Impotance of Good Corporate Governance
Today at 9:12 pm by SM2014

» LGL.X Chart 25/11/2014
Today at 9:09 pm by aran

Today at 9:06 pm by kabba

»  PARQ......PARQ.......PARQ.......PARQ.......PARQ........PARQ.............
Today at 8:55 pm by m.merlock

» don't buy LCEM................
Today at 8:39 pm by sach9993

» PAP Dividend not announced yet.... why....
Today at 8:12 pm by Lstyle

» Guys...!!! what is going on this market ????
Today at 8:11 pm by Antonym

» Tap...........
Today at 8:10 pm by Lstyle

» Look foreign inflow today why we are selling
Today at 7:12 pm by worthiness

» AEL over 10% stake eyed by China Merchants Holdings
Today at 7:11 pm by D.G.Dayaratne

» DIAL - What is going on
Today at 5:05 pm by windi5

» සන්ධානෙන් තව මන්ත්‍රීවරයෙක් යයි
Today at 4:48 pm by windi5

» OCTA's strategy...!
Today at 4:41 pm by Pethi

» Upside Down
Today at 4:11 pm by man123

» Wait..Collect..Wait..Collect..
Today at 4:09 pm by man123

» UNP government, will lead the Economy....
Today at 3:27 pm by worthiness

» Vanity Fair Article: Crouching Tiger, Hidden Raj! Will Raj Rajaratnam's funds will funnel back to SL in case a new government of MY3 and CBK?
Today at 2:44 pm by Dhehan

» Mahinda Vs Maithri - OPINION POLL
Today at 2:43 pm by D.G.Dayaratne

» My future Portfolio!
Today at 2:39 pm by piras

» RAL, GLAS, PAP, DIAL, VPEL... My new picks
Today at 2:31 pm by piras

» Market will be ok from today
Today at 2:22 pm by Ernie Tissera

» AGST N.0000
Today at 2:22 pm by stockback

» Udin Elluna Ayata Del
Today at 1:58 pm by shadow walker

» Advice on csec
Today at 1:57 pm by ColomboInvestor

»  නැ'හිර මන්ත්‍රීන් තුනකට සන්ධානය එපා වේ
Today at 1:53 pm by D.G.Dayaratne

» Who Sold Largely: Dumith Fernando led Asia Securities sold small portfolios without even Customer Consent today and Friday!Customers to Complain to SEC!
Today at 1:53 pm by Sarabulathwita

» REEF.W0000 approaching 0.10
Today at 1:46 pm by Sarabulathwita

» common candidate, CTC & market perspective
Today at 1:44 pm by D.G.Dayaratne

Today at 1:08 pm by ayojaka14

» Be Alert on current situation
Today at 12:58 pm by Universalgoal

» Today another UPFA MP is crossing. You will have better news soon. - Harin Fernando
Today at 12:53 pm by nalban

» Cant access DirectFN...
Today at 12:52 pm by Sarabulathwita

» Distilleries Future and 1994 Chandrika Funder Harry Jayawardena's future to prosper more under Maithripala Government if it happens
Today at 12:43 pm by StockGuru

Today at 12:39 pm by D.G.Dayaratne

» ASPI look like a ECG
Today at 12:18 pm by goldenboy

» What is going on with TJL
Today at 12:02 pm by goldenboy

» Textured Jersey PLC
Today at 12:00 pm by ddrperera

» be careful with LCEM.N .....
Today at 11:57 am by suku502

» TESS Agro...?
Today at 11:55 am by Dhehan

» TJL news with heat...
Today at 11:42 am by ddrperera

» Goign to Up....
Today at 11:30 am by kcrRanz

Today at 11:30 am by Gainer

» Lanka Cement ...Not Bayer
Today at 11:10 am by Ok One

» BLUE.N what happen to the right issue?
Today at 11:06 am by m2_yapa

» Tissa Attanayake to government?
Today at 11:03 am by jazstock

» LWL saga after XD!
Today at 10:41 am by jazstock

» Accept my resignation
Today at 10:26 am by CARACALLA

Today at 10:18 am by omegaplus

» panic selling ?
Today at 10:14 am by sampath.anuradha

Today at 10:10 am by Sarabulathwita

»  Forum time is current Time in Jakarta, Indonesia
Today at 9:49 am by Sarabulathwita

» Counters we should concentrate now
Today at 9:32 am by flash

» The Five Biggest Stock Market Myths
Today at 9:23 am by Thushara Ayya

Today at 9:18 am by Ernie Tissera

» Triple Bottom Pattern
Today at 9:12 am by Thushara Ayya

» Mata peeenne MS dinai wage
Today at 9:11 am by Sarabulathwita

» Will you sell ?
Today at 8:57 am by Sarabulathwita

Today at 8:55 am by Sarabulathwita

» Stock reaction when it is closure to a rights issue
Today at 8:41 am by RPPA

» Srilankan Panik Sellers VS. Wise Foreign Buyers
Today at 8:40 am by piyalpy

» Allegations of causing panic!
Today at 8:30 am by Sstar

» Don't panic fundamental counters again recover......
Today at 8:18 am by ddrperera

» Latest Topics Scroll Bar
Today at 8:02 am by TanTan

» TOKYO X @45
Today at 7:20 am by Balanced_Views

Today at 7:02 am by soileconomy

» Private messages help
Today at 12:55 am by Dr Stock

» RICH N............,
Today at 12:06 am by ifenny

Yesterday at 10:32 pm by piyalpy

» තෙල් මිල පාලනය කිරීම පාරාවළල්ලක් විය හැකියි
Yesterday at 8:56 pm by hasarel

» ASPI moving up!!!
Yesterday at 8:15 pm by worthiness

Yesterday at 7:52 pm by jazstock

» - Understanding Sri Lankan Style -
Yesterday at 7:47 pm by jazstock

» what will happen ?
Yesterday at 6:49 pm by aran

» Sri Lankan stocks fall over 2pct
Yesterday at 6:04 pm by Universalgoal

» Future of CSEC
Yesterday at 3:51 pm by ColomboInvestor

» Mandatory offer Stocks trading under its offer price
Yesterday at 3:43 pm by thankrishan

» keep eye on MBSL........
Yesterday at 2:41 pm by warshan

» Trust this forum.....or get out
Yesterday at 2:40 pm by Sarabulathwita

» whats will happen tomorrow?
Yesterday at 2:03 pm by Dhehan

» Access Engineering (AEL) a win win share for any government
Yesterday at 12:44 pm by StockGuru

» I told you not to panic!!!
Yesterday at 12:28 pm by VALUEPICK

» CTC (Ceylon Tobacco) to be one of the most affected shares if Maithripala Comes to power
Yesterday at 12:20 pm by SHARK aka TAH

» OSEA TJL LIOC COLO COCO LITE CFVF ESL - Experts lets discuss
Yesterday at 11:47 am by m2_yapa

» NIFL.0000 Collecting on going at 10/-
Yesterday at 11:43 am by buddikasmart

» OGL coming down!
Yesterday at 10:49 am by kuma524

» Selling and buying Theory...
Yesterday at 10:31 am by Sarabulathwita

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: 1524
Points: 3399
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: 1350
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: 1524
Points: 3399
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: 1391
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: 1226
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: 1204
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