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
» CFVF Why did you make profits buddy......... We are loosing our Money
Today at 8:32 pm by NZ BOY

» Sri Lanka Equity Forum
Today at 8:31 pm by ara6169

» Trump is the declaration of Interim Dividends
Today at 8:31 pm by prabath

Today at 8:20 pm by sharemarket

» Thailand Plans Aid to Rubber Farmers as Prices Fall
Today at 8:14 pm by Stop Loss

» CFVF – Review 30.09.2014 Financials & Target Price
Today at 8:12 pm by NZ BOY

Today at 8:09 pm by NZ BOY

» Do not Panic
Today at 8:07 pm by NZ BOY

» CFVF sell now...
Today at 8:06 pm by NZ BOY

» Trump is the declaration of Interim Dividends
Today at 8:03 pm by worthiness

» MADU Ready for bull
Today at 8:01 pm by stockback

» People Trying to discourage our Experts and Seniors
Today at 7:49 pm by CARACALLA

» Why credit card interest rates do not come down?
Today at 7:39 pm by worthiness

» oh right Issue for ATL & .80/-
Today at 7:30 pm by piras

» Depositing dividends directly to a bank account
Today at 7:24 pm by fff4sl

Today at 7:08 pm by schemer

» MADU- keep on eye
Today at 7:07 pm by NZ BOY

» Market will green today..
Today at 7:07 pm by IO3+O

» Red but thin volumes
Today at 7:05 pm by IO3+O

» Pivot Points ASI & S&PSL20-Tribute to Zoozzoo
Today at 6:41 pm by IO3+O

» ASI........
Today at 6:34 pm by fff4sl

Today at 6:28 pm by kassachandi

» madu/ csf today
Today at 6:23 pm by mawanana

» Snap Shot of My Share Portfolio - Latest
Today at 6:17 pm by fff4sl

» Shaining Glasss............GLAS.N0000`N
Today at 6:16 pm by stockback

» Technical Analytics & Charts
Today at 6:09 pm by SHARK aka TAH

» Need Direct answers
Today at 6:06 pm by Siva08

Today at 6:04 pm by fff4sl

» CFL price ??????
Today at 5:58 pm by chathu55

» Technical Journal Book of NC
Today at 5:16 pm by NC

» Impressive results from Union Chemicals Lanka PLC (UCAR.N0000)
Today at 5:15 pm by fernando123op

» Stock Market........
Today at 5:14 pm by OzTRADER

» TWOD under liquidation
Today at 4:41 pm by fernando123op

» CFVF - Major Topic of Forum
Today at 3:36 pm by fernando123op

» Will CFVF Declare a Dividend Next week?
Today at 2:33 pm by nishjaya

» Why no body talks about SINI.N0000 ? Is game over ?
Today at 2:19 pm by Nuwan Samarawickrama

» Dialog will acquire Etisalate
Today at 1:56 pm by Nitro 7

» Friends any news about greg N ,greg W
Today at 1:51 pm by TIRAN712

Today at 1:41 pm by RPPA

» CFL target price??????????
Today at 1:40 pm by Ernie Tissera

Today at 1:36 pm by sharemarket

» CFL after the Announcement
Today at 1:32 pm by Ernie Tissera

» HVA turn around....
Today at 1:25 pm by anjelo

» why vpel is silent yet?
Today at 1:19 pm by Nitro 7

Today at 1:17 pm by IO3+O

» GREG w6 starts selling
Today at 1:11 pm by IO3+O

» Good Lesson for retailers
Today at 12:54 pm by IO3+O

» Harry J's SPEN has concluded the deal of Amethyst for Rs.700 Million
Today at 12:49 pm by RPPA

» CEB Allocation Cut
Today at 12:07 pm by piyalpy

» Some Charts worth looking at them. Price Gainers and Price losers/ Direction of All share index.
Today at 12:05 pm by FLOWER2

» What Is Market Efficiency?
Today at 11:53 am by SHARK aka TAH

» Tomorrow GREG.W0006 will trigger from sellers
Today at 11:43 am by Sarabulathwita

» CFVF AND CSEC......???
Today at 11:39 am by kuma524

» CFL why why why????????
Today at 11:20 am by sudheeee

» thanks for CFVF sellers
Today at 10:59 am by gayanath1983

» LIOC 46.90
Today at 10:51 am by gayanath1983

» Market Coming down & Does any one predict when it's ok
Today at 10:51 am by SHARK aka TAH

» JINS.N0000
Today at 10:41 am by maffas123

» low volumes less trades
Today at 10:34 am by nimantha80

» Next is LFIN or VFIN or CFIN
Today at 10:21 am by Harry82

» Will PAP Dividends anounce Near Future???
Today at 10:14 am by buddikasmart

» TFIL GOING RUN AGAIN (risk takers)
Today at 10:11 am by RPPA

Today at 10:00 am by RPPA

» Experts, wthat do you think about CFVF...?
Today at 9:42 am by shadow walker

» SHARK...........,Come back
Today at 9:39 am by shadow walker

» AAF is started to run then ACAP will up
Today at 9:33 am by Harry82

» Govt. passes new laws restricting sale of land to foreigners
Today at 9:24 am by RPPA

Today at 9:17 am by sudheeee

» HPFL and MEL
Today at 9:09 am by Sarabulathwita

» Gainer - what happen to your CFVF dividend
Today at 8:45 am by RPPA

» Who are these 5 Hidden Members?
Today at 8:38 am by fernando123op

» Nifl hold or sell?
Today at 7:13 am by dextor

» AAF special?
Today at 7:12 am by Top Trader

» Weekly change in Foreign Holding of Shares, Foreigners collecting LIOC,RICH,SAMP,LMF,HNB,TKYO
Today at 6:54 am by Balanced_Views

» Lessons from Corporate Scandals - here & abroad
Today at 6:31 am by SHARK aka TAH

» NDB-DFCC ඒකාබද්ධයේ තවත් පියවරක් අද ඉදිරියට!සංවර්ධන ණයට NDB-DFCC ඒකාබද්ධයේ යෝජිත නව බැංකුව සමඟ යුනියන් බැංකුව ගැටෙති.
Today at 6:24 am by CSE1

» හික්කඩුවේ BANSEI ROYAL RESORTS මින් ඉදිරියට Jetwing Hotels කළමනාකරණයට
Today at 6:23 am by CSE1

» Dialog හාන්ස් ඩුබායි යයි! Etisalat හා Dialogue අරඹයි!ලංසුව ඩො.මි 200 ලූ....
Today at 6:23 am by CSE1

» Sri Lanka's Bankrupted Personalities still living high amidst Companies go Bankrupt, and Shareholders, Creditors lost 'Big Time'!
Today at 6:12 am by SHARK aka TAH

» What is the stock market?
Today at 5:59 am by omasampath

» directFN and os windows 7
Today at 5:48 am by leela

» Textile run near future
Yesterday at 11:46 pm by goldenboy

» SFIN තව ඉහල යයිද?
Yesterday at 11:31 pm by ravinduraveen

» AAF rapid expansion
Yesterday at 11:14 pm by surenme

» CABO...............!!!!!!!!!!
Yesterday at 11:10 pm by Fairtrade

Yesterday at 11:06 pm by stockback

» Singer Sri Lanka may sell Regnis Lanka to Softlogic for 1.5 times above Net Asset Value
Yesterday at 9:56 pm by StockGuru

» 17th October 2014 Net Foreign Sales & Purchases
Yesterday at 9:33 pm by investorsl

» Nifl hold or sell?
Yesterday at 9:17 pm by dextor

» Asia Asset Finance
Yesterday at 9:14 pm by sampath.anuradha

» AAF.N Mandatory offer announced
Yesterday at 9:12 pm by sampath.anuradha

Yesterday at 8:18 pm by fernando123op

Yesterday at 7:45 pm by indi009

Yesterday at 7:22 pm by kabba

» Trinco Port to become industrial harbour
Yesterday at 7:03 pm by RPPA

» Glass Report Out.
Yesterday at 7:01 pm by stockback

» Any Idea About MAL
Yesterday at 6:55 pm by ranferdi

» CDB.X and CDB.N
Yesterday at 4:29 pm by chapt

» How to Invest in a Bull Market
Yesterday at 4:18 pm by piras

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

What would be the highest ASI point during 2014?


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: 1484
Points: 3323
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: 1314
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: 1484
Points: 3323
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: 1355
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: 1190
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: 1168
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