Massive 8,569,900 JKH transaction

Leon · 41 Re: Massive 8,569,900 JKH transaction Fri Feb 07, 2014 8:24 am

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malanp wrote:

Leon wrote:

malanp wrote:apparently the deal comes under inside trading...plus share manipulation...

in a developed country 10 years life in prison..

To my understanding, it was done according to the agreement they entered at the initial investment. You make an investment agreeing that the shares will be purchased back at a certain price.
I think this sort of a clause is there in the AAIC deal by two Nederland funds as well.

Buying at a certain price is not a issue, issue is the timing, and how price was brought down to 230 level... People who had inside information profited or minimized the loss, what about others???
we dont know how many retailers left the market after panic selling, and how many decided not to buy JKH again..
can they build the confidence of retailers which they have already destroyed..

10+10= 20 years in jail...that is how the market should work...

@malanap, are you talking about JKH?? I referred to Asiri/JKH deal. Anyway, why anybody wanted to bring down JKH to do this transaction?? I'm bit confused.

Last edited by Leon on Fri Feb 07, 2014 8:26 am; edited 1 time in total

jonta999 · 42 Re: Massive 8,569,900 JKH transaction Fri Feb 07, 2014 8:25 am

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malanp wrote:

Leon wrote:

malanp wrote:apparently the deal comes under inside trading...plus share manipulation...

in a developed country 10 years life in prison..

To my understanding, it was done according to the agreement they entered at the initial investment. You make an investment agreeing that the shares will be purchased back at a certain price.
I think this sort of a clause is there in the AAIC deal by two Nederland funds as well.

Buying at a certain price is not a issue, issue is the timing, and how price was brought down to 230 level... People who had inside information profited or minimized the loss, what about others???
we dont know how many retailers left the market after panic selling, and how many decided not to buy JKH again..
can they build the confidence of retailers which they have already destroyed..

10+10= 20 years in jail...that is how the market should work...

Fully agreed

KDDND · 43 Re: Massive 8,569,900 JKH transaction Fri Feb 07, 2014 8:31 am

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malanp wrote:

Leon wrote:

malanp wrote:apparently the deal comes under inside trading...plus share manipulation...

in a developed country 10 years life in prison..

To my understanding, it was done according to the agreement they entered at the initial investment. You make an investment agreeing that the shares will be purchased back at a certain price.
I think this sort of a clause is there in the AAIC deal by two Nederland funds as well.

Buying at a certain price is not a issue, issue is the timing, and how price was brought down to 230 level... People who had inside information profited or minimized the loss, what about others???
we dont know how many retailers left the market after panic selling, and how many decided not to buy JKH again..
can they build the confidence of retailers which they have already destroyed..

10+10= 20 years in jail...that is how the market should work...

I respectfully agreed to your idea.... cheers

but .......!
in SRI LANKA - in CSE....
when those CULPRIT gone to JAIL... cheers

who else do TRADING....
only we...small FISH!.....

GL!

Kumar · 44 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 12:21 am

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Redbulls wrote:Local seems to be EPF?

Yap.

http://www.ft.lk/2014/02/10/big-local-names-step-up-buying-foreign-blocks-at-bourse/

Leon · 45 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 8:57 am

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Kumar wrote:

Redbulls wrote:Local seems to be EPF?

Yap.

http://www.ft.lk/2014/02/10/big-local-names-step-up-buying-foreign-blocks-at-bourse/

And Captains.
If EPF/ETF continues in buying price will be up.

bullrun · 46 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 9:17 am

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Even though the foreigners are the driving force most of the days local activities are higher than foreign activities. Can anybody describe the fact?

Slstock · 47 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 9:20 am

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Sadly , when will this country learn to not depend excessively on foreigners.

Yes they are an asset but not a God send.
If we are ever to stand on our feet, we need to learn to be independent .

sashimaal · 48 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 1:30 pm

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Another 2 million share transaction @ Rs 227 Sad

sriranga · 49 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 4:10 pm

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sashimaal wrote:Another 2 million share transaction @ Rs 227

JKH Foreign Holding as at 07/02/2014 542,680,424

JKH Foreign Holding as at 10/02/2014 540,873,840

DIAL Foreign Holding as at 07/02/2014 7,433,246,388

DIAL Foreign Holding as at 10/02/2014 7,433,546,388

TJL Foreign Holding as at 07/02/2014 275,487,023

TJL Foreign Holding as at 10/02/2014 277,123,123
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_552_07-02-2014.pdf
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_200_10-02-2014.pdf

Slstock · 50 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 4:14 pm

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So COMB must be foreign buy?

sriranga wrote:

sashimaal wrote:Another 2 million share transaction @ Rs 227

JKH Foreign Holding as at 07/02/2014 542,680,424

JKH Foreign Holding as at 10/02/2014 540,873,840

DIAL Foreign Holding as at 07/02/2014 7,433,246,388

DIAL Foreign Holding as at 10/02/2014 7,433,546,388

TJL Foreign Holding as at 07/02/2014 275,487,023

TJL Foreign Holding as at 10/02/2014 277,123,123
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_552_07-02-2014.pdf
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_200_10-02-2014.pdf

sriranga · 51 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 4:18 pm

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YTD Foreign outflow topped 2.33 Billion.

COMB Foreign Holding as at 07/02/2014 277,718,756

COMB Foreign Holding as at 10/02/2014 277,994,256

sashimaal · 52 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 4:24 pm

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Rs 300 Mill foreign outflow today....

marusira · 53 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 4:59 pm

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sashimaal wrote:Rs 300 Mill foreign outflow today....

maybe more to be done also 2moro. Shocked

sashimaal · 54 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 5:15 pm

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Wish these crossings happen and finish - rather than dragging for days Evil or Very Mad

D.G.Dayaratne · 55 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 9:03 pm

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Can authorities limit foreign selling only among foreigners

otherwise this will be a big BOP problem in the future

Again i say Even the Central Bank Governor can"t play the pool
with price mechanism

First Lesson Stock market manipulation after 2009

Second Lesson Excessive forighn buying during recent past and
sales promos at govt Spense( doing brokers job by SEC and CBSL)

This my personal opinion any one can correct me if i am wrong

Last edited by D.G.Dayaratne on Mon Feb 10, 2014 9:14 pm; edited 2 times in total (Reason for editing : to explain more)

Redbulls · 56 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 9:19 pm

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D.G.Dayaratne wrote:Can authorities limit foreign selling only among foreigners

otherwise this will be a big BOP problem in the future

Here your are contradicting what you were preaching in the past - " allowing market forces and price mechanism"

D.G.Dayaratne · 57 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 9:25 pm

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Here the problem is manipulation of price mechanism by govt

This is the only solution for the mistake

I know this can't be done. That is why I ask a Question

Redbulls · 58 Re: Massive 8,569,900 JKH transaction Mon Feb 10, 2014 9:36 pm

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D.G.Dayaratne wrote:Here the problem is manipulation of price mechanism by govt

This is the only solution for the mistake

I know this can't be done. That is why I ask a Question

Not only price mechanism.

"We reap what we sow", so enjoy the dance to their tune.

balapas · 59 Re: Massive 8,569,900 JKH transaction Tue Feb 11, 2014 1:38 pm

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5mn JKH share transaction at Rs222

sashimaal · 60 Re: Massive 8,569,900 JKH transaction Tue Feb 11, 2014 1:42 pm

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which will be the next level JKH share price will come to.... Mad

dhanurrox · 61 Re: Massive 8,569,900 JKH transaction Tue Feb 11, 2014 1:48 pm

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Market going in the direction of the king. Sad

malanp · 62 Re: Massive 8,569,900 JKH transaction Tue Feb 11, 2014 2:13 pm

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JKH became another BLUE Diamiond.

jonta999 · 63 Re: Massive 8,569,900 JKH transaction Tue Feb 11, 2014 2:22 pm