FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Today at 9:01 am

» TESS Agro PLC
by Thushara Ayya Today at 3:25 am

» VPEL high return share
by Thushara Ayya Today at 3:18 am

» DIPD/HAYC/HAYL
by Eranga87 Today at 1:12 am

» Digital divide introduce new poor in Sri Lanka
by CHRONICLE™ Yesterday at 11:42 pm

» The COVID-19 impact on financial sector resilience
by CHRONICLE™ Yesterday at 10:51 pm

» Sri Lanka Development Update 2021 - World Bank Report
by CHRONICLE™ Yesterday at 10:13 pm

» Sri Lanka gets emergency China loan as rupee hits record low
by CHRONICLE™ Yesterday at 9:42 pm

» LOLC Share Price
by EGG Yesterday at 4:28 pm

» ELPL & WATA
by High-flyer Yesterday at 2:29 pm

» Import Restrictions and True State of Local Tile Manufacturers
by EquityChamp Yesterday at 2:17 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by vikiperera Yesterday at 12:43 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Yesterday at 12:04 pm

» GLAS will be winner with Super Gain.
by Eranga87 Yesterday at 10:58 am

» Crypto , Digital Currency Trading , Forex
by Kevinmikegrit Yesterday at 9:40 am

» Day Traders must gradually start accumulating a well diversified portfolio of stocks which are cash generative. Stock market for beginners
by Asoka Samarakone Sun Apr 11, 2021 8:24 pm

» Is 12th a holiday CSE
by Vishwanarth Sun Apr 11, 2021 10:46 am

» Kelani TYRES
by shan31 Sat Apr 10, 2021 9:07 pm

» VALLIBEL ONE PLC (VONE.N0000)
by shan31 Sat Apr 10, 2021 8:54 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by shan31 Sat Apr 10, 2021 7:34 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » GREG...lovers....hates...

GREG...lovers....hates...

Go down  Message [Page 1 of 1]

1GREG...lovers....hates... Empty GREG...lovers....hates... Fri Jan 25, 2013 8:46 pm

nigma


Manager - Equity Analytics
Manager - Equity Analytics


dear slstock....you wrote
GREG is killing inflows. How many time did this happen now.


last 3 days COMB killing inflows..... (ai a gana katha nokaranne.....)

GREG.....karoth waradi ...anik aya kalata aulak nadda...

GREG.... RS 0.50 UP wechcha gaman katha godai. anik company kiya up unath no
katha.... why are you so hate about GREG.

2GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 9:13 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Seriously are you joking ?

My one line comment "GREG is killing inflows. How many time did this happen now. Is lion heart existing completely?" on Sri's daily summary post and you open a Whole TOPIC just for me ?

Btw did I stop you are anyone from buying GREG or COMB?


Also did you see my below comment on COMB crossings

http://forum.srilankaequity.com/t25554-trade-summary-market-22-01-2013#150995
http://forum.srilankaequity.com/t25578-trade-summary-market-23-01-2013#151171


For newcomers

Long term investors :
Look for company management history, stability , earnings and growth potential or dividends before you make investment.

Short term traders :
Any share can bring you profit if you enter and exit at the correct time


I do not hold COMB or GREG.



3GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 9:15 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Better to merge this topic with recent GREG related thread.

4GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 9:16 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
BTW

if you need to see Nigmas comment history click below

http://forum.srilankaequity.com/spa/nigma

5GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 9:20 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
So many were burnt their fingers with this counter, we need to understand their plight.

6GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 9:23 pm

stupidbulll

stupidbulll
Equity Analytic
Equity Analytic
i realy respect slstock and few others. because they the most credible analyzers of the forum. but i prefer to see a reasonable technical analyse of greg share, rather than this kind of incriminating. because who already bought and waiting people are not expecting this kind of comments as everybody has the same value of their individual money. Question Question Question

how would effect recent transaction ? or is it a slack ?

7GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 9:53 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


To do a reasonable analysis for GREG as a long term investment , first we need to get more clear/ transparent information about management plans/ growth and observe cash flows and earnings over several years. GREG history is short so it is not easy to do earning studies. As history we only know what happened in the past 3 years and how much investors we eeffected. Some became millionaires and some paupers.



If you are holding GREG already and plan to do so as investment

a) on the positive side, as there is a new interest party thing can chance for GREG. There is hope, So it will be good to watch the next few quarter and future plans.
b) greg is trading below NAV as holding company ( but so is VONE, RHL etc)


For short term,

GREG can be a highly productive share if one know when to enter and exit . Also GREG movement are better than COMB. Amazingly COMB moved 100-115 from ASI 4700 - 6000 and still at 104. GREG atleast move a few times more.


For me I cannot pay attention to all shares . Also their are so many other better valued shares in my book.


@stupidbulll wrote:i realy respect slstock and few others. because they the most credible analyzers of the forum. but i prefer to see a reasonable technical analyse of greg share, rather than this kind of incriminating. because who already bought and waiting people are not expecting this kind of comments as everybody has the same value of their individual money. Question Question Question

8GREG...lovers....hates... Empty Re: GREG...lovers....hates... Fri Jan 25, 2013 10:04 pm

stupidbulll

stupidbulll
Equity Analytic
Equity Analytic
thank you with regards to- (slstocks reply)

9GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sat Jan 26, 2013 8:09 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
W2 warrant conversion cut off has been postponed till 6 September 2013.
Which will expire on 26 September 2013. This was done due to sensing the failure of the process.

- On 23 October 2012, Caledonian Securities had bought 23.9 Mil shares (6.85%) and increased its holding to 45.8 Mil shares (approx. 13.1%).
- On 19th November 2012, Lionhart had sold 101 Mil Shares (28.9%) to Taprobane Holdings @ 16.7/share.
- CT group now has 40 Mil (11.5%) shares of GREG with recent acquisitions.

So, as of today, 53% of GREG is CT + Taprobane + Caledonian.

Here's a summary of Assumptions and questions we made or raised on GREG on another thread;

1) More than 90% of warrants are with Lionhart, it's DIFFICULT to ASSUME that they may want to pay and convert these warrants in future. Therefore, they can try hard selling this in open market or arrange a crossing to a lower value even as a bulk sale.
At the moment why LH sells GREG.N is that they have to pay Rs.2 Bil. So its safe to ASSUME they might not pay more billions to convert warrants.

2) If Lionhart pays and converts the warrants to shares, the ownership again will transfer to them.

3) Local buyers might have not even thought about the warrants before buying and they might have not even dreamt that LionHart can come to ownership by converting warrants in future if they want. But what can they do for this?
Either they should buy LH's warrants or wait and see what's going to happen.
From LH's point of view, if they need money, they will opt for point 1. In that case, Warrants might see a drastic decline as the selling pressure will
take the buying pressure down.

4) But at a moment of financial needs, if failed, Lionhart will have no other option than dumping warrants at market price.
If they sell Warrants, its highly unlikely that our retailer fellows buy those again unless GREG.N goes to 40+.

5) Further more, LH can watch the company's future before taking a decision now. But its stupid to buy a company at 50-60 when it can be bought at 18.
What motivates Lionhart to sell regular shares now and buy back converting warrants later for a much higher price?
If GREG goes to 50s again, why would LH buy back GREG shares or convert warrants when they had the chance to buy this at 18? It could be due to no charge for them for warrants as they got it free. And if they convert at a time where share price is 50+, they make profits.
So, this seems like a betting game for LH.
But, where would they find the money to convert nearly 900 million warrants ?

6) Some said local parties started collecting Warrants and they had collected 77 Mil and 24 mil warrants already.

7) GREG is going at NAV value now and why would it have a value over 50 is in question when the company does next to nothing new. Then this question raises eyebrows again with another question "Why on Earth GREG warrants have to pass 10-15 levels without GREG going above 50-60?"

Apparently, LIONHART has been in the forefront of this warrant game in other countries. They had made many ppl fools but failed miserably in SL.
This is the investment trust that once advertised they bought diamond mines, when actually it was a transfer of document's ownership. So the value of it has been regarded to as for KABOK mine Wink

Warrants are exercised to fund a company's investments, speaking of which, what GREG has as investments now?
So when LH learnt its lesson, the probable chance is they sell the warrants for whatever he price and leave forever.
There's only a tiny chance that LH brings Rs. 30 bil to SL again by converting the warrants.


But who is certain of the future of GREG?

10GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sat Jan 26, 2013 8:27 am

Fresher


Moderator
Moderator
where is that $16.7mn ?

11GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sat Jan 26, 2013 10:01 am

stupidbulll

stupidbulll
Equity Analytic
Equity Analytic
W2 warrant conversion cut off has been postponed till 6 September 2013.


its already done ? isn't it ?

12GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sat Jan 26, 2013 1:41 pm

Fresher


Moderator
Moderator
@stupidbulll wrote:W2 warrant conversion cut off has been postponed till 6 September 2013.


its already done ? isn't it ?

No.

13GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sat Jan 26, 2013 6:38 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
4) But at a moment of financial needs, if failed, Lionhart will have no other option than dumping warrants at market price.
If they sell Warrants, its highly unlikely that our retailer fellows buy those again unless GREG.N goes to 40+.

We must warn the newcomers about this. LH may try to dump the useless paper work done at their warrant factory into our soil. 1 billion pieces of paper !


6) Some said local parties started collecting Warrants and they had collected 77 Mil and 24 mil warrants already.

From whom ? From LH or from locals ?
For me this is ridiculous either way. You can buy N @19/- .If you buy W @4.50 the cost of your N is 35/-. ( if conversion price is 30.00)
There is a big risk of loosing your money if LH start dumping.
If 90% W got cancelled then there is a chance to gain in N share.

From the beginning I criticized GREG because of their cunning method of issuing huge number of warrants.
If the new management free this company from this 1 billion warrants - at any means - then we have to look very differently at the New Company.

Apparently, LIONHART has been in the forefront of this warrant game in other countries. They had made many ppl fools but failed miserably in SL.

He He. Taste of Sri Lanka !
Too hot for them.

14GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sun Jan 27, 2013 10:41 am

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I think Caledonian has 89 m of GREG.N and W 3&6 (there were crossings of GREG N, W6 and W3 to caledonion 20, 23,23,23 millions on 15 Oct, 23 Oct , 02 Nov and 09 Nov respectively).. therefore GREG.N holding is as follows,

Caledonian = 89 m
TBH = 101 m
CTH = 40 m

some says caledonian also related to Lion heart (but I dont know..tried to find but didn't succeed)..

Issued number of GREG.N is 349 m and 51% is 178.5 m.. So if LH wants to gain controlling stake and the caledoinon is a related company..... LH needs to convert 86.5 m of W 2.

These calculations are based on publicly available data and with assumptions.. I dont have inside info.. Very Happy


15GREG...lovers....hates... Empty Re: GREG...lovers....hates... Sun Jan 27, 2013 3:10 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
The following was Published on DailyFT oon October 26, 2012;
http://www.ft.lk/2012/10/26/lionhart-sells-more-of-eri-caledonian-now-owns-13/


Biggest shareholder Lionhart shed further stakes worth Rs. 587 million in ERI this week.
On Tuesday it sold 24 million shares or a near 7% stake of ERI for Rs. 361.6 million to Caledonian Securities.
A fortnight ago the Daily FT exclusively reported the first set of purchases by Caledonian, whilst this week following the additions, the foreign investor disclosed to the CSE that it now owns 13.12% or nearly 46 million shares of ERI.
Lionhart also sold 24 million each of Warrants 0003 and Warrants 0006 for Rs. 107.7 million and Rs. 117.3 million respectively.
As at June 2012, Lionhart Investments Ltd. held a 75% stake in ERI and with recent shedding, the current stake is estimated to be below 60%.

According to the above news in October LH had sold 24Mil warrants each from W3 & W6.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum