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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » OGL - Heavy trading

OGL - Heavy trading

+10
hariesha
sureshot
WildBear
godswen
speculater
Slstock
Gaja
chamith
stumpy
Monster
14 posters

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1OGL - Heavy trading Empty OGL - Heavy trading Wed Mar 14, 2012 1:00 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

OGL is heavily trading today. Mostly it is in the selling side (Look at the cash map). Is there any margin call executed. Mr Rishan is holding OGL in margin trading account. Any guess?

2OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:03 pm

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I'm also thinkin the same!

3OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:07 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

6.8 million shares transferred in 2 crossings ( 4 million + 2.8 million)

As of 30-09-2011 financial report, the top 20 share holder's list

Commercial Bank of Ceylon PLC/Mr.S.H.M. Rishan 4,000,000 7.284%
National Development Bank PLC/Mr.S.H.M. Rishan 2,800,000 5.099%

4OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:08 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Its a 103mn LKR crossing today,
I saw heavy trading yesterday

5OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:09 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

1 PCH Holdings (Pvt) Limited 11,557,500 21.046
2 Mr. T. Senthilverl 7,823,800 14.247
3 Finco Holdings (Pvt) Limited 5,132,425 9.346
4 Merchant Bank of Ceylon PLC/Mr. S.H.M.Rishan 4,100,000 7.466
5 Commercial Bank of Ceylon PLC/Mr. S.H.M. Rishan 4,000,000 7.284
6 Finco Limited 3,168,000 5.769
7 L B Finance PLC/Mr. S.H.M. Rishan 2,950,000 5.372
8 National Development Bank PLC/Mr. S.H.M. Rishan 2,800,000 5.099
9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914
10 Gampaha District Co-Operative Rural Bank Union Ltd 1,237,900 2.254
11 Seylan Bank PLC/Mr. S.H.M. Rishan 1,000,000 1.821
12 Mrs. S. Weerasooria 551,048 1.003
13 Mr. N.E. Weerasooria 551,040 1.003
14 Nikan (Pvt) Limited 346,400 0.631
15 Mr. C.V.S. Ameresekere 323,900 0.590
16 Mr. H.K.J. Dharmadasa 284,000 0.517
17 Mr. S.C. Weerasooria 234,008 0.426
18
Colombo Machinery & Equipment (Pvt)
Limited
224,900 0.410
19 Bank of Ceylon No. 1 Account 205,600 0.374
20 Mr. A. Rajaratnam 194,200 0.354

6OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:13 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Another 4.1 million crossing at 15.20

Merchant Bank of Ceylon PLC/Mr. S.H.M.Rishan 4,100,000 7.466

If I am not mistaken Mr Rishan purchased OGL at Rs 23/- last year. Question is, who is buying? Dr Senthilvel?

7OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:14 pm

stumpy

stumpy
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Hari ne ehenam!

But Rishan bought it around 21!



Last edited by stumpy on Wed Mar 14, 2012 1:22 pm; edited 1 time in total

8OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:19 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Monster wrote:Another 4.1 million crossing at 15.20

Merchant Bank of Ceylon PLC/Mr. S.H.M.Rishan 4,100,000 7.466

If I am not mistaken Mr Rishan purchased OGL at Rs 23/- last year. Question is, who is buying? Dr Senthilvel?
Mr Rishan has purchased OGL at Rs 21.56 in August 2011.
http://www.cse.lk/cmt/uploadAnnounceFiles/2501312256905_1071.pdf

9OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:20 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

Some crossing noted on the PCP as well

10OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:26 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares

11OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:32 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares
I have a feeling, Mr Rishan screwed up big time. Earlier it was GREG. Now it's OGL.

12OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:34 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


Is this margin trouble? Or transferring to another account? Else Mr Rishan is selling at a loss it seems?

13OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:35 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares

One more,

L B Finance PLC/Mr. S.H.M. Rishan 2,950,000 5.372

14OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:36 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Monster wrote:
Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares
I have a feeling, Mr Rishan screwed up big time. Earlier it was GREG. Now it's OGL.

PCH also now below IPO price.
He manage to offload 10% with thanks to deleted's day trading.
PCP is also upto something
All time biggest speculator of craps

15OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:44 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

chamith wrote:
Monster wrote:
Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares
I have a feeling, Mr Rishan screwed up big time. Earlier it was GREG. Now it's OGL.

PCH also now below IPO price.
He manage to offload 10% with thanks to deleted's day trading.
PCP is also upto something
All time biggest speculator of craps

Not sure about PCP but OGL is now getting to be traded at around fair value. If it drops to Rs 12 it will be attractive based on earning potential.

16OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 1:49 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

slstock wrote:
chamith wrote:
Monster wrote:
Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares
I have a feeling, Mr Rishan screwed up big time. Earlier it was GREG. Now it's OGL.

PCH also now below IPO price.
He manage to offload 10% with thanks to deleted's day trading.
PCP is also upto something
All time biggest speculator of craps

Not sure about PCP but OGL is now getting to be traded at around fair value. If it drops to Rs 12 it will be attractive based on earning potential.
OGL - As of 30-09-2011, Net asset value is Rs 11.53. If it drops to Rs 12/-, it will be attractive.

PCP - Reference price was only Rs. 10/-. However, there were many crossings between Rs 40 and Rs 50/-. I assume those crossings were to maintain the price at Rs 25/- level.

http://www.cse.lk/cmt/uploadAnnounceFiles/801330327863_1109.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/3581329389715_1109.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/9761326956696_1109.pdf

17OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 2:05 pm

speculater

speculater
Senior Equity Analytic
Senior Equity Analytic

simple force selling..............

18OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 2:07 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

speculater wrote:simple force selling..............

Can't sell that big quantities in the open market just like that.
You may say "margin calls"

19OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 2:09 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

20OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 2:09 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

So Rishan is done and dusted? Who would be next?

21OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 2:12 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

slstock wrote:
speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

I Don't think so will wait until the next report out to see the Shareholders list, if the buyer is one person then we can wait for that details i think!

22OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 2:35 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Monster wrote:
Gaja wrote:9 First Capital Markets Ltd/Mr. S.H.M. Rishan 1,600,000 2.914 - Latest Crossing of 1.6 Million Shares
I have a feeling, Mr Rishan screwed up big time. Earlier it was GREG. Now it's OGL.

Rishan is screwed up now in big time, He screwed up many retailers many times in past Twisted Evil

23OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 3:49 pm

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics

y this pons coming to cse .......
spoiling the whole market..........
Very Happy

24OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 3:58 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


If this was selling by him, looks like the earnings/dividends from PCH company is not going to even cover part of massive losses.

25OGL - Heavy trading Empty Re: OGL - Heavy trading Wed Mar 14, 2012 9:43 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

Gaja wrote:
slstock wrote:
speculater wrote:simple force selling..............

But all Margin account providers at the same time? Mr rishan can have different agreements negotiations with different providers right. But if force selling looks like several providers all agreed to sell on the same date ?

I Don't think so will wait until the next report out to see the Shareholders list, if the buyer is one person then we can wait for that details i think!

No need to wait till next report. Rishan have to declare it to the CSE. He is the executive deputy chairman. Normally he had the practice of declaring on the following day.

I don't believe this is force selling. Only in last week he re-constituted the board of directors at OGL. Most probably this is an internal transfer. But on the day he bought the stake, he said he will bring in a Bangladeshi partner. But this transaction has no such signs, as it's a local to local crossing.


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