Dear Micky,
Sorry for the misunderstanding. I think u are referring to my post about the 5 year time period for VONE.
I Mentioned few examples there as well. DP bought LFIN from Rs 5.50 levels up to Rs 20 levels from the mkt. I subscribe for LFIN @ IPO Rs 20 and the very first day it came to mkt @ Rs 18. from that day onwards I hold LFIN for couple of years. it came to Rs 5.50 levels or even lesser price which I can't remember now.
I was so happy to sell it to DP at the mkt for Rs 20. You what has happened to LFIN after that day. Yes after a period of 5 years (not exacly sure the time frame)it went to Rs 550 levels + couple of 1:1 bonus issues + hefty dividend of Rs 5 each for couple of years. You can't even think of the amount that I invested in LFIN @ the IPO. It was 25000 shares. Just imagine I would have been a billioner by now if I didn't sell my holding on that day. Same thing happened to CONN, VFIN, HAYL as well. but not the same story.
Now look here VONE is only 2 years old holding company now. it went through the bad period of CSE. It had to face toughest economic environment one of the biggest in sri Lankan economy during last two years.
They have collected IPO money to construct a 382 room, luxurious five star resort. apart from that they did several healthy acquisitions for this two years. Delmege acquisition and the lanka ceramic through subsidiary RCL.
Just think CITW and CITK trading at Rs 8.50 and 6.5 levels without nothing in it. only the construction is going on. BBH is trading well above Rs 21 levels - still under construction.BINN is trading 75 levels nothing their. Even GREG is trading Rs 18 levels with several loss making companies under their belt.
Just see the value of VONE by now on that grounds. Shares of diversified companies always trades with a premium to its EPS, NAV etc... etc.. That the nature of that sector. check with JKH, HAYL, CFLB........
I don't like to burn my fingers for the second time by selling my Q in VONE in early stage, at least half of LFIN......... .Who knows what's DPs next agenda. SAMP / HAYL to Vone....... Kidding....
just wait and see once foreigners starts the taste of it u can't catch it. JKH going against pundiths, fundamentals why the foreign interest.
just see the links for your interest
01.http://www.ft.lk/2011/01/17/investors-rush-for-vallibel-one/
02.http://www.vallibelone.com/summer_season.php
Are u clear buy now?
good luck.