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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » LGL.....a new strategy?

LGL.....a new strategy?

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1LGL.....a new strategy?  Empty LGL.....a new strategy? Tue Oct 11, 2011 11:03 am

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Why would Laugfs Holdings divest 10% of LGL ? Buyer is EPF...

What is the strategy here?

Experts please let the forum know your expert opinions.

2LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 11:17 am

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Refer some views at the following link

http://forum.srilankaequity.com/t11374-lgl-crossing-at-48

3LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 12:04 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
Now EPF has 17% of LGL. Almost all acquired at current price levels or above. With the transaction prices came down due to panic selling.

But the positive side is, since now government is having a considerable say in the company, more chances that their plan of acquiring a bunkering license will become a reality.

4LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 12:59 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@hariesha wrote:Now EPF has 17% of LGL. Almost all acquired at current price levels or above. With the transaction prices came down due to panic selling.

But the positive side is, since now government is having a considerable say in the company, more chances that their plan of acquiring a bunkering license will become a reality.

I feel with this developing conditions, LGL share price likely to rise from tomorrow, the same way as TESS,BLUE

5LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 1:11 pm

Dahamcse

Dahamcse
Equity Analytic
Equity Analytic
All the transactions were in LGL.N
What about x0000?Is there any hope in tomorrow.Some posts were said LGL will reach at 100+ in last few days.But situation was totally different.I'm still holding my lgl.x for 2-3 months for any profit.Please expert advice to what to do.

6LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 2:00 pm

windi5

windi5
Moderator
Moderator
did any one considered Fridays crossings
1. 746000 @ 50.40
2. 2.5m @ 49
still not clear who is the parties involved.

Its a positive news that gov institutes are coming back to the mkt. this will not only encourage other privet funds but also foreign funds.
Now LH got fresh cash of 1.7b. what they gonna do with these money.
1. expanding exiting capacity of their gas business
2.exploring new opportunities in other sectors, heard that they gonna enter into bunkering business.

10% stake mean huge amount,now epf holds around 15% of LGL, they dont invest blindly. no doubt LGL is a future gem.

Now we have to assess the immediate effect of LGL share price with this 10% acquisition. this acquisition will be brighten if LGL can produce good SEP quarter results, i hope they might.




Last edited by windi5 on Tue Oct 11, 2011 9:38 pm; edited 1 time in total

7LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 2:59 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
Dear Windi5,

"Now LGL got fresh cash of 1.7b. what they gonna do with these money."

This statement is wrong. Because EPF bought LGL.N is from Laugf Holdings, the main shareholder of LGL, the private investment arm of Mr.Wegapitiya. Those funds will not come into LGL unless they went ahead with a fresh share issue such as a rights issue.

But Laugf Holdings may use those funds for other investments, may be in the market. Laugf Holdings bought GRAN.N at Rs.214/- and current price is Rs.110/-. They bought PHAR.N around Rs.3,000/- level and current price is Rs. 1,600/-. They may opt to collect and average at current prices. Or they may opt for other attractive shares.

But one thing is sure, they are not going to keep those in FDs.

8LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 3:05 pm

windi5

windi5
Moderator
Moderator
@hariesha wrote:Dear Windi5,

"Now LGL got fresh cash of 1.7b. what they gonna do with these money."

This statement is wrong. Because EPF bought LGL.N is from Laugf Holdings, the main shareholder of LGL, the private investment arm of Mr.Wegapitiya. Those funds will not come into LGL unless they went ahead with a fresh share issue such as a rights issue.

But Laugf Holdings may use those funds for other investments, may be in the market. Laugf Holdings bought GRAN.N at Rs.214/- and current price is Rs.110/-. They bought PHAR.N around Rs.3,000/- level and current price is Rs. 1,600/-. They may opt to collect and average at current prices. Or they may opt for other attractive shares.

But one thing is sure, they are not going to keep those in FDs.

LH will decide where they gonna invest those money, whether to expand the existing gas business or anything else. no need to go for a right issue when there investing arm got money to invest for further expansions in LGL.

9LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 5:14 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It seems people have bought in to LGL recently! Mostly on Friday, above 47-48! :/

10LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 5:21 pm

windi5

windi5
Moderator
Moderator
@godswen wrote:It seems people have bought in to LGL recently! Mostly on Friday, above 47-48! :/
you might be right godswen. I too think most of ppl hanged on Friday hoping further appreciation on Monday, but most of them started to sell when they saw the down fall.

11LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 6:41 pm

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@godswen wrote:It seems people have bought in to LGL recently! Mostly on Friday, above 47-48! :/


LGL is one of my favorite. But, without ASI being green LGL will not go up.
So, who ever jumped into LGL recently, better hold on to LGL till we see some dark green days...

12LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 6:42 pm

nkalansu


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@windi5 wrote:
@hariesha wrote:Dear Windi5,

"Now LGL got fresh cash of 1.7b. what they gonna do with these money."

This statement is wrong. Because EPF bought LGL.N is from Laugf Holdings, the main shareholder of LGL, the private investment arm of Mr.Wegapitiya. Those funds will not come into LGL unless they went ahead with a fresh share issue such as a rights issue.

But Laugf Holdings may use those funds for other investments, may be in the market. Laugf Holdings bought GRAN.N at Rs.214/- and current price is Rs.110/-. They bought PHAR.N around Rs.3,000/- level and current price is Rs. 1,600/-. They may opt to collect and average at current prices. Or they may opt for other attractive shares.

But one thing is sure, they are not going to keep those in FDs.


LH will decide where they gonna invest those money, whether to expand the existing gas business or anything else. no need to go for a right issue when there investing arm got money to invest for further expansions in LGL.


Will Laugfs Holdings acquire LITRO GAS with these funds when its IPO hit the market ?







13LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 7:23 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Genting wrote:
@godswen wrote:It seems people have bought in to LGL recently! Mostly on Friday, above 47-48! :/


LGL is one of my favorite. But, without ASI being green LGL will not go up.
So, who ever jumped into LGL recently, better hold on to LGL till we see some dark green days...

If EPF starts buying further shares LGL from the market, this will rise even in dark red days

14LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 8:35 pm

investor1984

investor1984
Manager - Equity Analytics
Manager - Equity Analytics
@windi5 wrote:
@hariesha wrote:Dear Windi5,

"Now LGL got fresh cash of 1.7b. what they gonna do with these money."

This statement is wrong. Because EPF bought LGL.N is from Laugf Holdings, the main shareholder of LGL, the private investment arm of Mr.Wegapitiya. Those funds will not come into LGL unless they went ahead with a fresh share issue such as a rights issue.

But Laugf Holdings may use those funds for other investments, may be in the market. Laugf Holdings bought GRAN.N at Rs.214/- and current price is Rs.110/-. They bought PHAR.N around Rs.3,000/- level and current price is Rs. 1,600/-. They may opt to collect and average at current prices. Or they may opt for other attractive shares.

But one thing is sure, they are not going to keep those in FDs.

LH will decide where they gonna invest those money, whether to expand the existing gas business or anything else. no need to go for a right issue when there investing arm got money to invest for further expansions in LGL.


@ Moderators

Why dont u delete this type of comments by very senior people??? This comment is misleading... No... LGL wont get 1.7 Billion, WINDI if Laugh holdings want to invest in LGL why in the world did they sell their stake??? In a way of what method can they pump this money again to LGL ?????? Dont mislead the readers ... If u dont have damn idea about what u r talking.. just keep quite... no body expect this sort of childish and stupid comment from a person who has made 1000+ posts in this forum.. Please refer to someone and correct this mistake WINDI

15LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Tue Oct 11, 2011 9:54 pm

windi5

windi5
Moderator
Moderator
@investor1984 wrote:
@windi5 wrote:
@hariesha wrote:Dear Windi5,

"Now LGL got fresh cash of 1.7b. what they gonna do with these money."

This statement is wrong. Because EPF bought LGL.N is from Laugf Holdings, the main shareholder of LGL, the private investment arm of Mr.Wegapitiya. Those funds will not come into LGL unless they went ahead with a fresh share issue such as a rights issue.

But Laugf Holdings may use those funds for other investments, may be in the market. Laugf Holdings bought GRAN.N at Rs.214/- and current price is Rs.110/-. They bought PHAR.N around Rs.3,000/- level and current price is Rs. 1,600/-. They may opt to collect and average at current prices. Or they may opt for other attractive shares.

But one thing is sure, they are not going to keep those in FDs.

LH will decide where they gonna invest those money, whether to expand the existing gas business or anything else. no need to go for a right issue when there investing arm got money to invest for further expansions in LGL.


@ Moderators

Why dont u delete this type of comments by very senior people??? This comment is misleading... No... LGL wont get 1.7 Billion, WINDI if Laugh holdings want to invest in LGL why in the world did they sell their stake??? In a way of what method can they pump this money again to LGL ?????? Dont mislead the readers ... If u dont have damn idea about what u r talking.. just keep quite... no body expect this sort of childish and stupid comment from a person who has made 1000+ posts in this forum.. Please refer to someone and correct this mistake WINDI

Still LH is holding more than 50% of LGL. there is no barriers how n where they gonna invest these money. Ppl invest on there business by obtaining loans, so why in this world thy cant dispose 10% of share of the same business and invest again. coz 50% profit goes for them.pl go through that post and read, that was one of suggestions otherwise they can go for an alternative.

16LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Wed Oct 12, 2011 1:07 am

CHASE

CHASE
Manager - Equity Analytics
Manager - Equity Analytics
@windi5 wrote:
@investor1984 wrote:
@windi5 wrote:
@hariesha wrote:Dear Windi5,

"Now LGL got fresh cash of 1.7b. what they gonna do with these money."

This statement is wrong. Because EPF bought LGL.N is from Laugf Holdings, the main shareholder of LGL, the private investment arm of Mr.Wegapitiya. Those funds will not come into LGL unless they went ahead with a fresh share issue such as a rights issue.

But Laugf Holdings may use those funds for other investments, may be in the market. Laugf Holdings bought GRAN.N at Rs.214/- and current price is Rs.110/-. They bought PHAR.N around Rs.3,000/- level and current price is Rs. 1,600/-. They may opt to collect and average at current prices. Or they may opt for other attractive shares.

But one thing is sure, they are not going to keep those in FDs.

LH will decide where they gonna invest those money, whether to expand the existing gas business or anything else. no need to go for a right issue when there investing arm got money to invest for further expansions in LGL.


@ Moderators

Why dont u delete this type of comments by very senior people??? This comment is misleading... No... LGL wont get 1.7 Billion, WINDI if Laugh holdings want to invest in LGL why in the world did they sell their stake??? In a way of what method can they pump this money again to LGL ?????? Dont mislead the readers ... If u dont have damn idea about what u r talking.. just keep quite... no body expect this sort of childish and stupid comment from a person who has made 1000+ posts in this forum.. Please refer to someone and correct this mistake WINDI

Still LH is holding more than 50% of LGL. there is no barriers how n where they gonna invest these money. Ppl invest on there business by obtaining loans, so why in this world thy cant dispose 10% of share of the same business and invest again. coz 50% profit goes for them.pl go through that post and read, that was one of suggestions otherwise they can go for an alternative.

LH & LGL are 2 different entities. 10% sold to EPF is a property of LH. Even they holding more than 50% they wont invest single cents to LGL. If they are investing as a loan it's a different story.
May be they'll buy back LGL from the market below 45 Wink

17LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Wed Oct 12, 2011 2:05 am

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Dear CHASE, But could we expect they can buy a large quantity from the market below 45/-. If they make an attempt to that price would go up. ne?

18LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Wed Oct 12, 2011 9:55 am

CHASE

CHASE
Manager - Equity Analytics
Manager - Equity Analytics
@Rajaraam wrote:Dear CHASE, But could we expect they can buy a large quantity from the market below 45/-. If they make an attempt to that price would go up. ne?

I don't think that they will buy. If EPF or some manipulator start buying from the market price might go up. My personal Idea is We have to wait till the September quarter financials. But I don't think quarter financials also much attractive coz September was already past LH should know the financial position. If they have a good quarter results & they are expecting price to go up will they sell at 48? Unless they have any cash requirement/another investment plans.

19LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Wed Oct 12, 2011 11:06 am

gaya


Senior Equity Analytic
Senior Equity Analytic
Who ever bought or sold LGL shares there is no impact to companies (LGL) Cash flows.. So laugh holding can start another business by using sales proceed.. But they cant invest them in LGL's project..

20LGL.....a new strategy?  Empty Re: LGL.....a new strategy? Wed Oct 12, 2011 11:08 am

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
will it pick up again shortly

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