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AITKEN SPENCE HOTEL HOLDINGS PLC
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18MN crossing booms the turnover today Tue Feb 28, 2012 12:28 pm
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:29 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:31 pm
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:36 pm
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:38 pm
Last edited by chamith on Tue Feb 28, 2012 12:40 pm; edited 1 time in total
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:39 pm
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:41 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:44 pm
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:45 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 12:46 pm@greedy wrote:Mandatory offer price is 112.83 by Melstacorp! Interestingly traded at 115.00. Could it be MELSTACORP buying at 115 Or some foreign funds?
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 1:15 pm@Gaja wrote:@greedy wrote:Mandatory offer price is 112.83 by Melstacorp! Interestingly traded at 115.00. Could it be MELSTACORP buying at 115 Or some foreign funds?
I also in the idea that i could be bought by Melstacorp from SLIC, if its a foreign fund then it will be interested to watch. 10% of the Spence Capital
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 1:40 pm@greedy wrote:@Gaja wrote:@greedy wrote:Mandatory offer price is 112.83 by Melstacorp! Interestingly traded at 115.00. Could it be MELSTACORP buying at 115 Or some foreign funds?
I also in the idea that i could be bought by Melstacorp from SLIC, if its a foreign fund then it will be interested to watch. 10% of the Spence Capital
Foreign Buy does not mean Foreign Fund... coz I think HJ has companies registered in BVI. Am I correct?
Higher Control - Sri Lanka Distilleries ups stake in Spence Tue Feb 28, 2012 1:43 pm
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 2:03 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 2:13 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 2:50 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 2:53 pm@sapumal wrote:Will this purchasing lead to another mandatory offer ?
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 2:58 pm@greedy wrote:SLIC's profit from the deal.....
Sale Proceeds for 44,032,575 shares LKR5,064mn
Cost of investment LKR4,631mn
Profit from the Investment LKR433mn
That is a 9.35% return on cost....
If we look at the individually; I mean LIFE and General
LIFE Fund
Sale Proceeds from 18,000,000 Shares LKR2,070mn
Cost of Investment LKR4,161mn
Loss from the Disposal (LKR2,091mn)
General
Sale Proceeds from 26,032,575 shares LKR2,994mn
Cost of investment LKR469mn
Profit from the disposal LKR2,525mn
SLIC General had 2,935,505 shares at a cost of LKR794mn. During 2010 after the share split there holding changed to 44,032,575. Out of this 44mn shares, 18 mn shares have been transferred to SLIC LIFE in 2010 at a cost of LKR4,161mn...
Therefore it appears SLIC LIFE had a bad loss from this deal.
Any comments???
Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 2:59 pm Re: 18MN crossing booms the turnover today Tue Feb 28, 2012 3:16 pm Message [Page 1 of 2]
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