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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CFIN crossing at 800 and then

CFIN crossing at 800 and then

+8
wis
Meta Trader
MarketResearch
planter
cse.alpha
UKboy
Monster
duke
12 posters

Go down  Message [Page 1 of 1]

1CFIN crossing at 800 and then Empty CFIN crossing at 800 and then Mon Mar 21, 2011 11:07 am

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

there has been a crossing at 800, bit lower than the market price today. and then the price went up to 940 and coming down. how dumb are the colombo investors. more credit on top of credit.

2CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 11:12 am

Monster

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

1.6 million shares crossed today.It's almost 12% of the total shares. The seller is likely to be SLIC. They hold 1,672,833 shares as of December 2010 interim report. Let's see who is the buyer.

3CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 12:34 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Monster wrote:1.6 million shares crossed today.It's almost 12% of the total shares. The seller is likely to be SLIC. They hold 1,672,833 shares as of December 2010 interim report. Let's see who is the buyer.

It is value for money & over a billion profits in 5 consecutive years. Buyer must be an intelligent player not a pearson manipulates prices.

4CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 12:40 pm

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

you don't manipulate price by buying 12% Very Happy it's a crossing
what is interesting is the aftermath
crossing happens at 800 but price went up to 940

5CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 1:28 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Unconfirmed reports from brokers are that one of Perpetual 'Ashok' Capital - Free Lanka - Aloysius triumvirate was involved on buy side of CFIN today, perhaps with a little bit of help from Taprobane Securities.

6CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 2:02 pm

planter


Stock Analytic
Stock Analytic

There are soem rumors and promoting going on for this share. Some of the people I know was saying to buy it because it will hit Rs 1500 soon! Very Happy . Anyway the financials for the share looks quite good although I would not jump in to buy anything till at least another week!

7CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 6:12 pm

MarketResearch

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

cse.alpha wrote:Unconfirmed reports from brokers are that one of Perpetual 'Ashok' Capital - Free Lanka - Aloysius triumvirate was involved on buy side of CFIN today, perhaps with a little bit of help from Taprobane Securities.

We can not see any announcement regarding the transaction.

8CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 7:26 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

planter wrote: There are soem rumors and promoting going on for this share. Some of the people I know was saying to buy it because it will hit Rs 1500 soon! Very Happy . Anyway the financials for the share looks quite good although I would not jump in to buy anything till at least another week!

Ok . i don't believe that Sri Lanka Insurance Corporation would let go some thing going to hit Rs 1500 soon at Rs.800 Rolling Eyes

if by any chance it happened " soon " i will totally lose my faith in this government and withdraw my life insurance from Sri Lanka Insurance Corporation Wink

The only "Excuse" I accept by them is they let it go becoz of a MARGIN CALL Rolling Eyes

9CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 7:43 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics

Any idea or theories what could be the reason presumably Sri Lanka Insurance sold this?

10CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 9:09 pm

achala75


Senior Equity Analytic
Senior Equity Analytic

I have heard that SRI LANKA INSUARANCE is planing to put up a 5 star hotel in Hambantuta area. Thare was a paper add. on that some time ago.. May be they are collecting funds fo the Hotel project.

11CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 9:22 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

Meta Trader wrote:
planter wrote: There are soem rumors and promoting going on for this share. Some of the people I know was saying to buy it because it will hit Rs 1500 soon! Very Happy . Anyway the financials for the share looks quite good although I would not jump in to buy anything till at least another week!

Ok . i don't believe that Sri Lanka Insurance Corporation would let go some thing going to hit Rs 1500 soon at Rs.800 Rolling Eyes

if by any chance it happened " soon " i will totally lose my faith in this government and withdraw my life insurance from Sri Lanka Insurance Corporation Wink

The only "Excuse" I accept by them is they let it go becoz of a MARGIN CALL Rolling Eyes

Meta you know how this works already but in case you have forgotten:
1) A large parcel get's traded.
2) retailers suddenly notice a company that has been outside their radar and jump in.
3) big boys know what's coming up next so they hold onto their stuff.
4) retail speculators drive the price through the roof.
5) big boys start selling.
6) retailers come to places like this and ask "I bought XX and now I am stuck with it, what do you think I should do?"

12CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 10:27 pm

Monster

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

tubal wrote:
Meta Trader wrote:
planter wrote: There are soem rumors and promoting going on for this share. Some of the people I know was saying to buy it because it will hit Rs 1500 soon! Very Happy . Anyway the financials for the share looks quite good although I would not jump in to buy anything till at least another week!

Ok . i don't believe that Sri Lanka Insurance Corporation would let go some thing going to hit Rs 1500 soon at Rs.800 Rolling Eyes

if by any chance it happened " soon " i will totally lose my faith in this government and withdraw my life insurance from Sri Lanka Insurance Corporation Wink

The only "Excuse" I accept by them is they let it go becoz of a MARGIN CALL Rolling Eyes

Meta you know how this works already but in case you have forgotten:
1) A large parcel get's traded.
2) retailers suddenly notice a company that has been outside their radar and jump in.
3) big boys know what's coming up next so they hold onto their stuff.
4) retail speculators drive the price through the roof.
5) big boys start selling.
6) retailers come to places like this and ask "I bought XX and now I am stuck with it, what do you think I should do?"
But this is not a bad share. They have produced decent results during this financial. I believe it should trade over Rs. 1000/-. BTW I am happy to earn some quick bucks by disposing my shares at 935/-, which I collected last Friday.

13CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Mon Mar 21, 2011 11:19 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics

And it was the first thing presumably Sri Lanka Insurance disposed of for something. Is their future outlook consistent? I remember like they were putting their money to an apartment building.

14CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Tue Mar 22, 2011 7:54 am

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

http://print.dailymirror.lk/business/127-local/38905.html

SLIC sells Central Finance stake


http://www.ft.lk/2011/03/22/perpetual-capital-buys-9-of-central-finance-for-rs-1-5-b/

Perpetual Capital buys 9% of Central Finance for Rs. 1.5 b

15CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Tue Mar 22, 2011 8:27 am

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

there must have been lots of new debt created yesterday from the cfin transactions

16CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Tue Mar 22, 2011 11:50 am

econ

econ
Global Moderator

it seems that alloysies brothers(perputal capital) are investing aggressively in very good shares.
I think they have collected large amounted of gran,bfl,tafl,cfin etc.. all are really attractive at this price level.

17CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Tue Mar 22, 2011 12:50 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

econ wrote:it seems that alloysies brothers(perputal capital) are investing aggressively in very good shares.
I think they have collected large amounted of gran,bfl,tafl,cfin etc.. all are really attractive at this price level.

Dont forget ASHO Smile

Anyway its a higly talented family so I cant see anything goes wrong.

18CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Tue Mar 22, 2011 1:19 pm

Monster

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

Monster wrote:
tubal wrote:
Meta Trader wrote:
planter wrote: There are soem rumors and promoting going on for this share. Some of the people I know was saying to buy it because it will hit Rs 1500 soon! Very Happy . Anyway the financials for the share looks quite good although I would not jump in to buy anything till at least another week!

Ok . i don't believe that Sri Lanka Insurance Corporation would let go some thing going to hit Rs 1500 soon at Rs.800 Rolling Eyes

if by any chance it happened " soon " i will totally lose my faith in this government and withdraw my life insurance from Sri Lanka Insurance Corporation Wink

The only "Excuse" I accept by them is they let it go becoz of a MARGIN CALL Rolling Eyes

Meta you know how this works already but in case you have forgotten:
1) A large parcel get's traded.
2) retailers suddenly notice a company that has been outside their radar and jump in.
3) big boys know what's coming up next so they hold onto their stuff.
4) retail speculators drive the price through the roof.
5) big boys start selling.
6) retailers come to places like this and ask "I bought XX and now I am stuck with it, what do you think I should do?"
But this is not a bad share. They have produced decent results during this financial. I believe it should trade over Rs. 1000/-. BTW I am happy to earn some quick bucks by disposing my shares at 935/-, which I collected last Friday.
I made a wrong decision yesterday. Sad . CFIN has passed Rs1000/- today.

19CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Wed Mar 23, 2011 12:41 am

planter


Stock Analytic
Stock Analytic

planter wrote: There are soem rumors and promoting going on for this share. Some of the people I know was saying to buy it because it will hit Rs 1500 soon! Very Happy . Anyway the financials for the share looks quite good although I would not jump in to buy anything till at least another week!

Told you what I heard:Smile

20CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Wed Mar 23, 2011 12:48 am

SuGi

SuGi
Manager - Equity Analytics
Manager - Equity Analytics

may i buy 100 shares of CFIN @ 1100 tommorow ??? is there a big risk???

21CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Wed Mar 23, 2011 2:46 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

SuGi wrote:may i buy 100 shares of CFIN @ 1100 tommorow ??? is there a big risk???

SLIC was the main reason why CFIN was stagnated around Rs900.00 . They had been disposing CFIN shares for sometimes.
Central Finance is a value share that could go even further. If you need to buy, you may need to buy gradually.

22CFIN crossing at 800 and then Empty Re: CFIN crossing at 800 and then Wed Mar 23, 2011 11:32 am

SuGi

SuGi
Manager - Equity Analytics
Manager - Equity Analytics

UKboy wrote:
SuGi wrote:may i buy 100 shares of CFIN @ 1100 tommorow ??? is there a big risk???

SLIC was the main reason why CFIN was stagnated around Rs900.00 . They had been disposing CFIN shares for sometimes.
Central Finance is a value share that could go even further. If you need to buy, you may need to buy gradually.

Thanx SaHo!!!!!

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