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
» VPEL advise for medium term
Today at 1:04 am by Pethi

» CINV collection
Today at 12:24 am by Nitro 7

» This is for ESL lovers
Yesterday at 11:56 pm by kassachandi

» IMPACT ON POULTRY SECTOR ....
Yesterday at 11:54 pm by kassachandi

» ATL dont buy..
Yesterday at 11:39 pm by opfdo

» Technical Analytics & Charts
Yesterday at 11:26 pm by kabba

» TODAY I AM 1 MONTH OLD TO THE FORUM (RPPA)
Yesterday at 10:04 pm by hlsindrajith

» RHL and COCO trading below Net Asset Value
Yesterday at 10:01 pm by fff4sl

» THIS IS UNBELEAVABLE
Yesterday at 9:59 pm by schemer

» SHARK,NZ BOY,JANA,GAINER,AAA BOY,SSTAR,DR STOCK mokada hitanne me para budget eka gana
Yesterday at 8:41 pm by barba

» RWSL.N0000...
Yesterday at 8:24 pm by aero

» AAIC - Analysis by CAL
Yesterday at 7:59 pm by opfdo

» AMAZING BUDGET! ASPI to reach 8000?
Yesterday at 7:56 pm by piras

» Latest PER 7 PBV....anyone have ?
Yesterday at 7:34 pm by opfdo

» OSEA...keep an eye..
Yesterday at 7:22 pm by opfdo

» RPPA,,,,,and others
Yesterday at 7:09 pm by CSE1

» Hi mate I am back to the forum
Yesterday at 7:08 pm by opfdo

» අයවැය ප්‍රෝඩාවක්, වෘත්තීය ක‍්‍රියාමාර්ගයකට සූදානම්
Yesterday at 7:06 pm by CSE1

» ආසියානු යටිතල පහසුකම් ආයෝජන බැංකුව බිහිවේ
Yesterday at 7:02 pm by CSE1

» Exclusive -වාහන මිල අඩුකරන හැටි වාහන ආනයනකරුවන්ගේ සභාපති පහදයි
Yesterday at 6:56 pm by CSE1

» Budget 2015 result out......
Yesterday at 6:45 pm by jaya

» Now Don't miss the train for these stocks:Madu Bfl Tafl Gran Mprh Udpl Bala Tpl Mask Bopl cars hari Soy Rcl Cera Shl flch rwsl Sfl Elpl Hopl
Yesterday at 6:12 pm by fff4sl

» Investment Advise???
Yesterday at 6:03 pm by fff4sl

» Best plantaion stock
Yesterday at 5:42 pm by Bolinger

» WHO IS THE BOSS/ WHO IS THE PRESIDENT
Yesterday at 5:28 pm by Fairtrade

» log on to vstox
Yesterday at 5:04 pm by fff4sl

» CHECK it out..............
Yesterday at 4:49 pm by OzTRADER

» may be still useful
Yesterday at 4:44 pm by opfdo

» Average Cost Calculator
Yesterday at 2:56 pm by hasintha

» විදුලි බිලේ සහනය ව්‍යාපාර වලටත් දෙයි
Yesterday at 2:11 pm by troy

» Budget 2015 - Live
Yesterday at 1:57 pm by zoozzoo

» AAF results out......looking good
Yesterday at 12:54 pm by gayanath1983

» Budget proposal 2015 - PWC
Yesterday at 12:40 pm by Siva08

» COLO and UML
Yesterday at 12:22 pm by stockback

» CFVF sell now...
Yesterday at 12:21 pm by gayanath1983

» special 12% int rate for pensioners from government banks
Yesterday at 12:20 pm by gayanath1983

» Breaking news- අයවැයෙන් මෝටර් රථ හා වෑන් මිල පහළට. මෙන්න සම්පූර්ණ විස්තරේ
Yesterday at 12:00 pm by CSE1

» CALF & NIFL FOR TRADING
Yesterday at 11:48 am by gayanath1983

» Business impact of the 2015 national budget: by CIMA
Yesterday at 11:05 am by fernando123op

» LIOC good to enter...
Yesterday at 11:01 am by gayanath1983

» ළදරු කිරි පිටිවල සියළු බදු ඉවතට. විදේශීය ශ්‍රමිකයින්ට වාහන බලපත්‍රයක්
Yesterday at 10:11 am by kuma524

» Did you get anything from this budget?
Yesterday at 10:06 am by kuma524

» Interest rates likely to go up before elections.
Yesterday at 10:00 am by NC

» Key highlights of President’s Mahinda Rajapaksa Budget presentation today
Yesterday at 8:31 am by VISA

» CFLB- Is it a stable company?
Yesterday at 4:38 am by omegaplus

» Rs 32.4B in foreign investments exit Govt. securities market
Fri Oct 24, 2014 11:26 pm by RPPA

» Sri Lanka receives 700 million dollars from World Bank
Fri Oct 24, 2014 10:10 pm by CSE1

» ටොයොටා පළමු fuel-cell මෝටර් රථය දෙන්නේ ලොතරැයියකින්
Fri Oct 24, 2014 10:03 pm by CSE1

» VEHICLE TAX
Fri Oct 24, 2014 8:33 pm by RPPA

» LIOC 46.90
Fri Oct 24, 2014 8:27 pm by buddhika.naween

» ASPI to go to 7800 - 8000
Fri Oct 24, 2014 7:54 pm by worthiness

» ECONOMIC ADVANTAGE OCT'14
Fri Oct 24, 2014 7:53 pm by indi009

» CFVF to keep
Fri Oct 24, 2014 7:49 pm by Dr Stock

» CHILD MILD FOOD FREE FROM TAXES
Fri Oct 24, 2014 7:48 pm by oops

» CCS & JKL 6M INTERIMS OUT
Fri Oct 24, 2014 6:50 pm by RPPA

» A possible rate cut is on the cards
Fri Oct 24, 2014 6:35 pm by RPPA

» 2015 Budget Vehicle Tax?
Fri Oct 24, 2014 6:30 pm by schemer

» BUDGET FOR SHARK
Fri Oct 24, 2014 6:24 pm by SHARK aka TAH

» What happen to SUGA.N?
Fri Oct 24, 2014 5:59 pm by schemer

» TJL HOLD......
Fri Oct 24, 2014 5:58 pm by RPPA

» TODAY CHRISTMAS...........
Fri Oct 24, 2014 4:30 pm by puliyanam

» Any prediction on PC Pharma PLCPCP.N0000:CS
Fri Oct 24, 2014 4:15 pm by AAABoy

» Please anybody tell me why people are buying GREG.W0006 @ 10 cents ??
Fri Oct 24, 2014 4:10 pm by Sarabulathwita

» PCH good to enter
Fri Oct 24, 2014 3:17 pm by RPPA

» K9 is silent
Fri Oct 24, 2014 3:01 pm by stocker

» MADU Ready for bull
Fri Oct 24, 2014 2:44 pm by Aubrey Perera

» Economy favourable Budget 2015
Fri Oct 24, 2014 2:20 pm by Sarabulathwita

» Amana Takaful ATL
Fri Oct 24, 2014 2:14 pm by puliyanam

» GREG W 6 will pass 5 this time ..
Fri Oct 24, 2014 2:07 pm by sureshot

» Ayyooo COLO
Fri Oct 24, 2014 1:45 pm by CSE1

» What will be the tomorrow Gems ?
Fri Oct 24, 2014 1:42 pm by Damithsam

» අය වැය අද පස්වරු 1.00 ......
Fri Oct 24, 2014 1:36 pm by CSE1

» Moving Averages Don’t Move Stocks
Fri Oct 24, 2014 1:34 pm by MARKETWATCH2

» SUNSHINE HOLDINGS-ANY COMMENTS
Fri Oct 24, 2014 1:23 pm by MoneyTree

» Market will up !
Fri Oct 24, 2014 1:22 pm by OzTRADER

» IS THIS MESSAGING SYSTEM WORKS
Fri Oct 24, 2014 1:09 pm by zoozzoo

» What is your time frame for "Long Term" investment.
Fri Oct 24, 2014 1:06 pm by RPPA

» Don’t miss the train! SDB, AAIC, SPEN, ALUFAB, ALUMEX, AAIC, DFCC, FLCH, MGT, TYRE, SFIN, SHL, TAP, AHUN
Fri Oct 24, 2014 12:36 pm by MARKETWATCH2

» Asia Asset Finance
Fri Oct 24, 2014 12:12 pm by Aubrey Perera

» is WATA start a plantation Rally ??
Fri Oct 24, 2014 11:58 am by CSE1

» ACME some thing happening
Fri Oct 24, 2014 11:54 am by CSE1

» Results out for OSEA
Fri Oct 24, 2014 11:52 am by Nuwan Samarawickrama

» Best shares in 2014
Fri Oct 24, 2014 11:16 am by FLOWER2

» Budget easing or uneasing the market
Fri Oct 24, 2014 11:00 am by worthiness

» After 1.45 pm Market will up.
Fri Oct 24, 2014 10:56 am by Harry82

» REFERENDUM IN THE OFFING?
Fri Oct 24, 2014 10:40 am by KPP

» MADU- keep on eye
Fri Oct 24, 2014 9:52 am by Gainer

» WAPO -another hidden gem
Fri Oct 24, 2014 9:16 am by Hawk Eye

» Switch to John Keells (JKH) Warrants
Fri Oct 24, 2014 8:56 am by sampath.anuradha

» Beware of BIL - Browns Investments Manipulation from Today by LOLC fame will rock share with a disclosure that only said they have signed up to build a hotel in Maldives!
Fri Oct 24, 2014 8:50 am by Wessa123

» What Will be Today Best ?
Fri Oct 24, 2014 8:49 am by CSE1

» Incumbent Edge
Fri Oct 24, 2014 8:35 am by anjelo

» Last chance to BUY
Fri Oct 24, 2014 7:39 am by windi5

» Technical Journal Book of NC
Fri Oct 24, 2014 6:53 am by NC

» People Trying to discourage our Experts and Seniors
Fri Oct 24, 2014 3:42 am by sfmpp

» එව බලව!මේ ජොන් කීල්ස් බේරේ වැවේ නවතම Waterfront සිරි!
Fri Oct 24, 2014 2:12 am by marusira

» Budjet 2015
Fri Oct 24, 2014 1:59 am by Market R

» maskeliya will shine soon.....????????
Fri Oct 24, 2014 1:07 am by fireshelter

» CFLB I still believe it will move faster
Fri Oct 24, 2014 1:00 am by fireshelter

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

What would be the highest ASI point during 2014?

 
 
 
 
 

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: 1488
Points: 3331
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: 1318
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: 1488
Points: 3331
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: 1359
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: 1194
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: 1172
Reputation: 0
Join date: 2011-08-22

Back to top Go down

View previous topic View next topic Back to top


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