Greg's Crossing 21/11/12

nigma wrote:crossing ......

Amal Mudunkotuwa wrote:May be a foreign out flow. Lion Sells GREG means they loose the control in CLPL and DPL also.

It is very difficult to value the GREG with this complexity..............

But the interesting thing is that the buyer should have courage/belief that the Price of Greg will be worth RS 40+ in next couple of years. ( They should convert these warrants ) May be people like Rishan.........ha ha

Active trading was also seen in Environmental Resources Investments with two 70 million tranches in two warrants traded at around 4.50 rupees and 4.20.

Analysts say ERI is a classic story in Sri Lanka's stock market history. The firm which only had assets, which it said was invested in platinum stock started to trade at increasingly higher multiples to net asset value. Most of the stock was held by promoters.

Its stock price continued to move up with virtually no operating revenues or profits other than capital gains amid asset transfers. It then bought some troubled firms showing revenues but not much profit.

The firm also issued a series of warrants, until new rules were brought to the market. It also came under SEC investigation, which eventually forced the firm to bring back cash into Sri Lanka. The promoters are now exiting.
http://lbo.lk/fullstory.php?nid=1946899900

SRIAS wrote:GREG.N0000 9,300,000 @ 16.00 = RS. 148.8 million 09:32:51

stayalert wrote:another rally, and we should make some profit.

bakka wrote:

stayalert wrote:another rally, and we should make some profit.

WILL IT HIT RS. 30.00 ???????????????????????????????