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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » EPF's Deal in Spence

EPF's Deal in Spence

+5
CSE.SAS
Monster
Redbulls
Slstock
Xmen
9 posters

Go down  Message [Page 1 of 1]

1EPF's Deal in Spence Empty EPF's Deal in Spence Mon Mar 19, 2012 10:17 am

Xmen

Xmen
Senior Equity Analytic
Senior Equity Analytic

SPEN.N000 - 20M @ 115/-

2EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:00 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


Any chance EPF selling to foreigners not HJ?

3EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:08 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

As at 31/12/2011 EPF had around 29 Million Shares.

4EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:09 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Redbulls wrote:As at 31/12/2011 EPF had around 29 Million Shares.

20.5million sale so far.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Mar 19, 2012 (LBO) - A five percents stake in Sri Lanka's Aitken Spence Plc was bought by a foreign buyer from the Employees' Provident Fund, a state-managed retirement fund of private citizens.

The EPF sold 20.5 million shares to a foreign party an official said without elaborating.
The deal was executed in three off-market deals totaling 2.36 billion rupees at 115 rupees.

The EPF on Friday sold 71 million shares in John Keells Holdings to Malaysia's Khazanah Nasional Berhard.
http://lbo.lk/fullstory.php?nid=364250312

6EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:12 am

Monster

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

I assume, EPF is selling. But who is likely to be the buyer? Probably it's a foreign buyer. If I am not mistaken, cost price is higher than this price price. In JKH transaction, at least EPF were able to gain around 1B profit.

Thanks Redbull. I didn't notice your comment on top.

7EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:15 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Cost of Purchase as at 31/12/2010.
EPF's Deal in Spence Ait10

8EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:18 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Redbulls wrote:Mar 19, 2012 (LBO) - A five percents stake in Sri Lanka's Aitken Spence Plc was bought by a foreign buyer from the Employees' Provident Fund, a state-managed retirement fund of private citizens.

The EPF sold 20.5 million shares to a foreign party an official said without elaborating.
The deal was executed in three off-market deals totaling 2.36 billion rupees at 115 rupees.

The EPF on Friday sold 71 million shares in John Keells Holdings to Malaysia's Khazanah Nasional Berhard.
http://lbo.lk/fullstory.php?nid=364250312

Thanks for confirm the guess.

9EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:20 am

CSE.SAS

CSE.SAS
Global Moderator

Thanks Redbulls on live updates.

10EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:27 am

Monster

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

Redbulls wrote:Cost of Purchase as at 31/12/2010.
EPF's Deal in Spence Ait10
Period -------> No of shares

31-12-2010--> 14,443,835
31-03-2011--> 16,922,335
30-06-2011--> 26,036,835
30-09-2011--> 29,836,035
31-12-2011--> 29,836,035

11EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 11:39 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Monster wrote:
Redbulls wrote:Cost of Purchase as at 31/12/2010.
EPF's Deal in Spence Ait10
Period -------> No of shares

31-12-2010--> 14,443,835
31-03-2011--> 16,922,335
30-06-2011--> 26,036,835
30-09-2011--> 29,836,035
31-12-2011--> 29,836,035

Price of SPEN
at 29.6.10 was RS 1600
at 30.30.10 was RS 1325

This is before the split.

So I guess EPF appears to be ahead with profit for 20.5 Million shares.

12EPF's Deal in Spence Empty EPF's Deal in Spence Mon Mar 19, 2012 1:16 pm

greedy

greedy
Manager - Equity Analytics
Manager - Equity Analytics

The attached image shows how an LKR1.5bn unrealized gain in 31/12/2010 has become a mere LKR213mn unrealized gain as of today from the EPF's holdings in Aitken Spence. The calculation is made up from few assumptions like the purchases are assumed of average prices of High, low & closing. And also no trading by EPF during this period (31/12/2010 to 19/03/2012) i.e; only purchases.


EPF's Deal in Spence Aitken10






13EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 1:35 pm

Monster

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

greedy wrote:The attached image shows how an LKR1.5bn unrealized gain in 31/12/2010 has become a mere LKR213mn unrealized gain as of today from the EPF's holdings in Aitken Spence. The calculation is made up from few assumptions like the purchases are assumed of average prices of High, low & closing. And also no trading by EPF during this period (31/12/2010 to 19/03/2012) i.e; only purchases.


EPF's Deal in Spence Aitken10


Topics are merged. Good analysis greedy.

14EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 3:35 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics

Thanks Greedy

15EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 4:18 pm

sriranga

sriranga
Co-Admin

Good work greedy.
Really appreciate your contribution.
Thanks a lot.

http://sharemarket-srilanka.blogspot.co.uk/

16EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 4:20 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

greedy wrote:The attached image shows how an LKR1.5bn unrealized gain in 31/12/2010 has become a mere LKR213mn unrealized gain as of today from the EPF's holdings in Aitken Spence. The calculation is made up from few assumptions like the purchases are assumed of average prices of High, low & closing. And also no trading by EPF during this period (31/12/2010 to 19/03/2012) i.e; only purchases.


EPF's Deal in Spence Aitken10

Good work Greedy. Thanks.






17EPF's Deal in Spence Empty Aberdeen buys 5% stake in Aitken Spence Mon Mar 19, 2012 5:19 pm

SunilNayaka


Equity Analytic
Equity Analytic

Foreign fund buys 5% percent stake in Aitken Spence PLC
Link http://lankabusinesstoday.com/stock-market/deals

Mar 19, 2012 (LBT) - A foreign fund bought five percent stake in Sri Lanka's Aitken Spence PLC (SPEN) a firm largely controlled by Harry Jayawardena led Distilleries Company of Sri Lanka. The seller was the Employees' Provident Fund (EPF), island's Central Bank's Monetary Board managed retirement fund of private sector work force. The EPF sold 20.5 million shares at Rs.115 per share to the tune of Rs.2.357 billion to the foreign fund according to sources.

Buyer was believed to be one of the top foreign investing funds of US based Aberdeen Asset Management Group. However as as 31 December 2011 Aberdeen Funds owns a total of nearly 13% stake in Aitken Spence PLC (SPEN) including Aberdeen Asia Pacific Fund with 17,192,300 shares or 4.24% stake, Aberdeen Global-Asian Smaller Companies Fund with 12,165,300 shares or 3%, Aberdeen Institutional Commingled funds, LLC with 10,129,500 shares or 2.5%, Aberdeen New DA with 4,503,555 shares or 1.11% , Aberdeen Investment Fund - ICVC Aberdeen Emerging Markets Fund with 4,342,500 shares or 1.07% and Aberdeen Global-Emerging Markets Equity Fund with 4,311,000 or 1.06% stake of SPEN.

As a foreign investor Aberdeen Funds had considerable investments in Sri Lanka's top Blue Chips.
Aberdeen Asset Management manages funds to a total value of US$ 270.3 billion to date.
As per the finanicial of Aitken Spence Holdings PLC (SPEN) the third largest shareholder EFP had a 7.35% stake or 29.836 million ordinary voting shares of the company as at 31 December 2011.

18EPF's Deal in Spence Empty Re: EPF's Deal in Spence Mon Mar 19, 2012 5:49 pm

sriranga

sriranga
Co-Admin

http://forum.srilankaequity.com/t16924-epf-s-deal-in-spence#111578
Threads Merged.

http://sharemarket-srilanka.blogspot.co.uk/

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