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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.
Last edited by windi5 on Tue Oct 11, 2011 9:38 pm; edited 1 time in total
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.
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.godswen wrote:It seems people have bought in to LGL recently! Mostly on Friday, above 47-48! :/
godswen wrote:It seems people have bought in to LGL recently! Mostly on Friday, above 47-48! :/
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.
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...
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.
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
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.
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?
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