EPF's Deal in Spence

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

Xmen

Senior Equity Analytic

Posts : 72
Equity Stars : 3985
Reputation : 0
Join date : 2012-01-17

SPEN.N000 - 20M @ 115/-

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

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 12746
Reputation : 1158
Join date : 2011-01-22

Any chance EPF selling to foreigners not HJ?

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

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 15439
Reputation : 770
Join date : 2012-02-14

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

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

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 12746
Reputation : 1158
Join date : 2011-01-22

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

20.5million sale so far.

Redbulls

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 15439
Reputation : 770
Join date : 2012-02-14

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

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

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 7554
Reputation : 279
Join date : 2011-01-22

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.

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

Redbulls

Director - Equity Analytics

Posts : 6053
Equity Stars : 15439
Reputation : 770
Join date : 2012-02-14

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

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

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 12746
Reputation : 1158
Join date : 2011-01-22

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.

CSE.SAS · 9 Re: EPF's Deal in Spence Mon Mar 19, 2012 11:20 am

CSE.SAS

Global Moderator

Posts : 2620
Equity Stars : 10659
Reputation : 158
Join date : 2011-02-02
Age : 35

Thanks Redbulls on live updates.

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

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 7554
Reputation : 279
Join date : 2011-01-22

Redbulls wrote:Cost of Purchase as at 31/12/2010.

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

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

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 12746
Reputation : 1158
Join date : 2011-01-22

Monster wrote:

Redbulls wrote:Cost of Purchase as at 31/12/2010.

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.

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

greedy

Manager - Equity Analytics

Posts : 280
Equity Stars : 4373
Reputation : 28
Join date : 2011-07-21

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

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

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 7554
Reputation : 279
Join date : 2011-01-22

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.

Topics are merged. Good analysis greedy.

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

hariesha

Vice President - Equity Analytics

Posts : 1058
Equity Stars : 6655
Reputation : 34
Join date : 2011-03-14

Thanks Greedy

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

sriranga

Co-Admin

Posts : 6822
Equity Stars : 22404
Reputation : 2855
Join date : 2011-02-01
Location : London

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

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

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 12746
Reputation : 1158
Join date : 2011-01-22

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.

Good work Greedy. Thanks.

SunilNayaka · 17 Aberdeen buys 5% stake in Aitken Spence Mon Mar 19, 2012 5:19 pm

SunilNayaka

Equity Analytic

Posts : 39
Equity Stars : 4346
Reputation : 10
Join date : 2011-01-28

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.

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

sriranga

Co-Admin

Posts : 6822
Equity Stars : 22404
Reputation : 2855
Join date : 2011-02-01
Location : London

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

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

EXCHANGE RATE PREDICTION: 2022

Latest topics

EPF's Deal in Spence

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

Xmen

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

Slstock

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

Redbulls

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

Slstock

5 Foreign Buying - Sri Lanka Aitken Spence 5-pct stake bought by foreign investor Mon Mar 19, 2012 11:10 am

Redbulls

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

Monster

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

Redbulls

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

Slstock

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

CSE.SAS

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

Monster

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

Slstock

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

greedy

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

Monster

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

hariesha

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

sriranga

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

Slstock

17 Aberdeen buys 5% stake in Aitken Spence Mon Mar 19, 2012 5:19 pm

SunilNayaka

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

sriranga