JKH,LFIN Directors selling shares

glad · 1 JKH,LFIN Directors selling shares Fri Sep 14, 2012 8:43 pm

glad

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Directors of JKH and LFIN sold shares.
How will it effect the prices on Monday?

smallville · 2 Re: JKH,LFIN Directors selling shares Fri Sep 14, 2012 8:59 pm

smallville

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There was a crossing of 200K+ shares today in JKH..
http://www.cse.lk/cmt/upload_cse_announcements/3911347620497_.pdf

On LFIN, DN P is selling.. may be abt 11K so far.. But WHY????
http://www.cse.lk/cmt/uploadAnnounceFiles/3501347516926_379.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/2311347353529_379.pdf

Cuz DN P is smart..

Earlier RCL has bought 7.368 Mil shares of LFIN in February;
http://www.cse.lk/cmt/uploadAnnounceFiles/511330055312_379.pdf

Then DN P has been purchasing shares since June @ 115 - 120
http://www.cse.lk/cmt/uploadAnnounceFiles/9791342500087_379.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/2541341990022_379.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/8121340686772_379.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/8321340167271_379.pdf

U cant say he's not kept this shares being a director for 1 year or so whatever the SEC ruling is cuz he had shares from the beginning..
Now when market has risen, he's cashing out..

Retailers can think of this as a collcection sometimes.. The reality is that we're not smarter than an average 5 year old.. Twisted Evil

hariesha · 3 Re: JKH,LFIN Directors selling shares Fri Sep 14, 2012 9:03 pm

hariesha

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N P is mostly a trader. So don't think because he is selling LB is not a good company.

glad · 4 Re: JKH,LFIN Directors selling shares Fri Sep 14, 2012 9:23 pm

glad

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Thanks guys.

RIO · 5 Re: JKH,LFIN Directors selling shares Fri Sep 14, 2012 10:03 pm

RIO

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Oh...nephew is in action & Aunties & their Bf will emerge soon.....! Laughing

Slstock · 6 Re: JKH,LFIN Directors selling shares Sat Sep 15, 2012 3:04 am

Slstock

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glad wrote:Directors of JKH and LFIN sold shares.
How will it effect the prices on Monday?

When NP increased his holding around 45000 shares from march and has over 375000 quantity, selling a few thousands in not a crime. It could be some credit releasing or to take some profit also. I would be worried if he sells over 60% of his holding given his nature.

worthiness · 7 Re: JKH,LFIN Directors selling shares Sat Sep 15, 2012 12:47 pm

worthiness

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Yes, He had realized long before that Cash is the King.
By disposing part of investment, the king is crowned with precious gems.

Let us see who would be the queen if he sells the rest in next few weeks???

Slstock · 8 Re: JKH,LFIN Directors selling shares Tue Sep 18, 2012 5:15 pm

Slstock

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Okay now NP is buying LFIN at higher prices than he sold at lesser.

Bought over 16000 shares between Rs 140-145

LFIN trading around 5.5 PE and about 2.4 NAV. LFIN has been growing phenomenally over last 3 years or so,

http://www.cse.lk/cmt/upload_cse_announcements/6551347948716_.pdf