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OGL Mandatory Offer price and current price

+2
NZ BOY
Gainer
6 posters

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Mandatory Offer by PCH HOLDINGS (PVT) LTD & MR. S.H.M. RISHAN to Purchased OGL at 23.00 in 27 September 2011 .Currently trading at market 7.50,Net asset value per share more than 12.00, last 3 month earning per share 00.33.

NZ BOY

NZ BOY
Moderator
Moderator

I think OGL Wiil hit @13 level very soon may be next week

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

OGL is sold out. It might increase in price a bit.

rainmaker


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

What about Senthi @ 28/- Razz

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

OGL collection going on any time it will break 12.00

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

shan wrote:OGL collection going on any time it will break 12.00


@ shan = gainer
Collection going on?
Why should it will break 12? Educate us?

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Majority of OGL shareholders say ‘no’ to PCH mandatory offer

Shareholders representing 34 percent of Orient Garments PLC’s (OGL) stated capital have rejected to sell their holdings in the company in accordance to the mandatory offer presented by PCH’s S.H.M Rishan and PCH Holdings Private Limited.

The shareholders of OGL have communicated this to the Securities and Exchange Commission (SEC) ‘irrevocably confirming that they will not accept the mandatory offer at Rs.28 per each share’.

Those who have rejected the mandatory offer were Dr.T Senthilve (8, 666, 700 shares or 15.78 percent), Finco Holdigns Private Limited (5, 132, 425 shares or 9.35 percent), Finco Private Limited (3, 168, 000)shares or 5.77 percent, Swaruparanee Weerasooriya (551, 048 shares or 1 percent), Nishan Eshandra Weerasooriya (551, 048 or shares 1 percent), Nikan Private Limited (346, 400 shares or 0.63 percent) and Sarath Chandra Weerasooriya (234, 008 shares of 0.43 percent).

Even though PCH’s Rishan bought 29.95 percent or 16, 450, 000 shares at Rs.21.50, he had to come up with a mandatory offer at Rs.28, as he had been buying OGL shares earlier around Rs.28.

Currently trading 9.00 Rupees very attractive price it can move up 20.00+




Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

When was OGL take over by PCH that time Mandatory offer price at Rs.28.00 for other exiting share holders.
Currently trading 9.20 Rupees very attractive price it can move up 20.00+
Today big qty collection at 9.00 levels

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Seems to be promoting this crap to off load?

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