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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » UBC - Corporate Disclosure or Public Announcement

UBC - Corporate Disclosure or Public Announcement

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Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
UBC - Corporate Disclosure or Public Announcement  Screen12

http://www.cse.lk/cmt/upload_cse_announcements/9131365651677_.pdf



Last edited by GMNet on Thu Apr 11, 2013 2:18 pm; edited 1 time in total (Reason for editing : Announcement by UBC is depicted for greater publicity)

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It's a sad day when a banking chief and the personal investment advisor of Prince Faisal (grandson of the king of Saudi) has to write letters against so called unofficial social media and news websites

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
How could Alex Lovell write on the official Letterhead of Union Bank and talk about Union Bank Shares he personally hold. Union Bank is not a proprietorship of Alex Lovell.

Conflict of interest? CSE should immediately correct this.

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GMNet wrote:How could Alex Lovell write on the official Letterhead of Union Bank and talk about Union Bank Shares he personally hold. Union Bank is not a proprietorship of Alex Lovell.

Conflict of interest? CSE should immediately correct this.

Well who the hell are you and me - He is the Chairman of the bank and why can not he write on UBC letterhead ?

And By the way in coming days his connected parties will buy over the whole bank and will get out of CSE anyway ..

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@GMNet,
try to act smart and show who you are?
he is the chairman & who else could use letter heads

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
UBC Chairman says he is with UBC for good ..
Genting to drop a parcel and bring in a new party to the bank with lot of changes taking UBC International ..

Keep an eye ..

Here the UBC chairman had said about it

Quote

"Not that I am going to leave," he hastens to clarify. "I am a long term investor, I don’t want to take short term positions because it does not make sense. Our strategy is that you buy assets which are not doing well or are near distress state, and rehabilitate them."

"You must bring in a very strong investor with a strong balance sheet because we are all private individuals. So at one point you must institutionalize. That is what we did with Genting.Now we will bring more vibrant business partners to the Country ..

Unquote


At Union Bank, Lovell brought in Malaysia based gaming and leisure group Genting, which he says has a balance sheet in excess of 30 billion dollars. The then undercapitalized Union Bank now has 4.6 billion rupees in capital which is above regulatory minimum.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
මොනවද අනේ මේ කියන්නේ ?
ඒ මනුස්සය ලියල තියෙන්නේ එයාගේ පුද්ගලික ලියුමක්. එයා ලියන ආදර හසුනුත් බැංකුවේ ලෙටර් හෙඩ් වල ලියනවද දන්නේ නැහැ.
හරි විදිය නම් තමන්ගේ පට්ටම් ඔක්කොම එක්ක පුද්ගලික ලෙටර් හෙඩ් එක භාවිත කිරීම.

අත්සන් කරලා තියෙන්නේ චෙයාමන් කියල නමුත් කොපියක් බැන්කුවටම යවල නේද ?

ඒක නිසා තමයි බැංකුවෙන් නැවතත් නිල ලිපියක් එවල තියෙන්නේ මෙන්න මේ මිනිහ විකුණලා නැහැ කියනවා කියල.

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What a nice promotion in ur usual way buddy? I remember ur promotion for HVA and Greg. I guess no1 wants to buy UBC at escalated price. Don't try to put up a big show here..If you know UBC has capacity to grow why didn't u talk when it was 13 range couple of months before?

I noticed u from other threats. I am pretty sure u make profit by promoting these craps..

@sanju351 wrote:UBC Chairman says he is with UBC for good ..
Genting to drop a parcel and bring in a new party to the bank with lot of changes taking UBC International ..

Keep an eye ..

Here the UBC chairman had said about it

Quote

"Not that I am going to leave," he hastens to clarify. "I am a long term investor, I don’t want to take short term positions because it does not make sense. Our strategy is that you buy assets which are not doing well or are near distress state, and rehabilitate them."

"You must bring in a very strong investor with a strong balance sheet because we are all private individuals. So at one point you must institutionalize. That is what we did with Genting.Now we will bring more vibrant business partners to the Country ..

Unquote


At Union Bank, Lovell brought in Malaysia based gaming and leisure group Genting, which he says has a balance sheet in excess of 30 billion dollars. The then undercapitalized Union Bank now has 4.6 billion rupees in capital which is above regulatory minimum.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@Jana1 wrote:What a nice promotion in ur usual way buddy? I remember ur promotion for HVA and Greg. I guess no1 wants to buy UBC at escalated price. Don't try to put up a big show here..If you know UBC has capacity to grow why didn't u talk when it was 13 range couple of months before?

I noticed u from other threats. I am pretty sure u make profit by promoting these craps..

@sanju351 wrote:UBC Chairman says he is with UBC for good ..
Genting to drop a parcel and bring in a new party to the bank with lot of changes taking UBC International ..

Keep an eye ..

Here the UBC chairman had said about it

Quote

"Not that I am going to leave," he hastens to clarify. "I am a long term investor, I don’t want to take short term positions because it does not make sense. Our strategy is that you buy assets which are not doing well or are near distress state, and rehabilitate them."

"You must bring in a very strong investor with a strong balance sheet because we are all private individuals. So at one point you must institutionalize. That is what we did with Genting.Now we will bring more vibrant business partners to the Country ..

Unquote


At Union Bank, Lovell brought in Malaysia based gaming and leisure group Genting, which he says has a balance sheet in excess of 30 billion dollars. The then undercapitalized Union Bank now has 4.6 billion rupees in capital which is above regulatory minimum.

Most of us know about his cheap and dirty promotion, unfortunately our Moderators still keeping him in the forum, may be for entertainment purpose.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Redbulls wrote:
Most of us know about his cheap and dirty promotion, unfortunately our Moderators still keeping him in the forum, may be for entertainment purpose.

I think u and many other would agree that we've given a permanent position of "joker" i this forum since nobody willingly took it.
We should also pity him for not being able to cash out at correct time and wine so he always have to 'keep an eye'
However, if the promotions are the only aspects he'e interested in, we may take firm action as well.

Smile

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