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GROSS DOMESTIC PRODUCT (GDP)
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Will NDB profit from the anticipated sale of CTCE? Sun Jul 29, 2012 11:27 pm
Re: Will NDB profit from the anticipated sale of CTCE? Sun Jul 29, 2012 11:29 pm Re: Will NDB profit from the anticipated sale of CTCE? Sun Jul 29, 2012 11:37 pm
Yes... IF the figures quoted by Sandstorm are correct, NDB (Group) will rake in a very significantly profit... more than Rs 80 per share.ccsentha wrote:Will NDB profit from the anticipated sale of CTCE?
Re: Will NDB profit from the anticipated sale of CTCE? Sun Jul 29, 2012 11:49 pm Re: Will NDB profit from the anticipated sale of CTCE? Sun Jul 29, 2012 11:54 pm
ccsentha wrote:IS that report correct? Aviva has 51% stake is it?
Aviva did not specify the countries it would exit in its announcement last week. Aviva’s South Korean investment in 2008 and its stake in the Sri Lankan company give it a combined value of about $66 million, and some estimate the deal would be worth about $150 million.
The source said that AIA Group Ltd , Prudential plc and Manulife Financial Corp would be the most likely bidders for Aviva’s stake in the Sri Lankan joint venture.
http://colombogazette.com/aviva-to-sell-its-stake-in-sri-lanka/
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 12:02 amWhitebull wrote:ccsentha wrote:IS that report correct? Aviva has 51% stake is it?
That figure of $150mn may come from following article but it is a combined value and is a guess.
Aviva did not specify the countries it would exit in its announcement last week. Aviva’s South Korean investment in 2008 and its stake in the Sri Lankan company give it a combined value of about $66 million, and some estimate the deal would be worth about $150 million.
The source said that AIA Group Ltd , Prudential plc and Manulife Financial Corp would be the most likely bidders for Aviva’s stake in the Sri Lankan joint venture.
http://colombogazette.com/aviva-to-sell-its-stake-in-sri-lanka/
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 7:38 am
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 10:00 am
GMNet wrote:
The source said that AIA Group Ltd , Prudential plc and Manulife Financial Corp would be the most likely bidders for Aviva’s stake in the Sri Lankan joint venture.
http://colombogazette.com/aviva-to-sell-its-stake-in-sri-lanka
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 10:05 am
Chinwi wrote:
Can anybody explain me how NDB gets anything when somebody sells his stake to someone else?
( As per my knowledge Aviva is going to sell their holding to AIA) If I missed anything pl tell me
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 10:52 amDetails of the AIA deal (which is being speculated about) are not yet in the public domain, but NDB will make a profit only if they sell their stake.slstock wrote:You hit the nail on the head. Is NDB also selling?
But on the other side, if a buyer is paying a higher price than trading for CTCE at CSE, then speculative short term uptrend can be seen. Also there might be a mandatory offer by the buyer> Hope this sale is happening and also buyer is paying a premium to current share price.Chinwi wrote:
Can anybody explain me how NDB gets anything when somebody sells his stake to someone else?
( As per my knowledge Aviva is going to sell their holding to AIA) If I missed anything pl tell me
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 10:57 am
slstock wrote:You hit the nail on the head. Is NDB also selling?
But on the other side, if a buyer is paying a higher price than trading for CTCE at CSE, then speculative short term uptrend can be seen. Also there might be a mandatory offer by the buyer> Hope this sale is happening and also buyer is paying a premium to current share price.
Chinwi wrote:
Can anybody explain me how NDB gets anything when somebody sells his stake to someone else?
( As per my knowledge Aviva is going to sell their holding to AIA) If I missed anything pl tell me
Re: Will NDB profit from the anticipated sale of CTCE? Mon Jul 30, 2012 12:13 pm Message [Page 1 of 1]
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