Good news for PCHH

dineshfernando · 1 Good news for PCHH Fri Jul 11, 2014 10:02 pm

dineshfernando

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http://cse.lk/cmt/upload_cse_announcements/6901405054323_.pdf

Dynaris can't sell PCHH shares which it pledged against borrowings. LOFC has a court order preventing disposal of PCHH shares by Dynaris Holdings. This will significantly reduce the selling pressure.

In my point of view it's a good news for PCHH since there will be more demand created to buy PCHH in the open market. PCHH shares held by Dynaris Holdings is blocked now.

However, Adam Investment had purchased their stake from LOLC securities which is a sister company of LOFC. So that they are safe and their acquisition is legally binding.

http://cse.lk/cmt/uploadAnnounceFiles/9131404359352_1195.pdf

mark · 2 Re: Good news for PCHH Fri Jul 11, 2014 10:44 pm

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Their agreement would be void then, so transaction may be reversed and withdraw the mandate offer .

dineshfernando · 3 Re: Good news for PCHH Fri Jul 11, 2014 10:51 pm

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I don't think their agreement is void. Adams acquired their stake through LOLC securities. Adams investment is safe and their acquisition of PCHH also safe I hope.

Dynaris Holdings can't sell further stake of PCHH. This will create demand for PCHH shares.

I don't think that mandatory offer will be withdrawn. This will go through which is good for all the stake holders as new management will change the performance of PCHH.

SHARK aka TAH · 4 Re: Good news for PCHH Fri Jul 11, 2014 11:25 pm

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Agreed to certain extent.

Will this shift focus and momentum on his other companies.

Could see from Monday the effect this disclosure had on it. We saw some gains on PCHH probably less selling due to order. I am not sure 100% though. Coming week should indicate something in this line or the other.

Wonder whether Rishan and His Wifes sleeping patterns have changed after all the games he has played up until now.

SHARK aka TAH · 5 Re: Good news for PCHH Sat Jul 12, 2014 3:57 am

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Lanka ORIX Finance PLC has stated that it has obtained a court order against the crisis ridden PCH Holdings PLC selling any of its assets including shares in Dynaris Holdings PLC. Any sale of assets in violation of this order would be considered as contempt of court.

Lanka ORIX Finance PLC says that since Dynaris Holdings PLC has defaulted the amount outstanding is approximately Rs. 100 million.

Hence, Lanka ORIX Finance PLC has obtained a sequestration order from the Colombo high court against Dynaris Holdings PLC assets being sold to any other party.

Any sale of assets in violation of this order would be considered as contempt of court, says Lanka ORIX Finance.

Meanwhile, when PCH Holdings prepared to sell 100 percent of its shares in its carbon manufacturing concern Beico Link Carbon (Pvt) Ltd, a new stakeholder in the company Adams Investments obtained an interim injunction against this sale.

adaderana

Last edited by SHARK on Sat Jul 12, 2014 4:28 am; edited 1 time in total

SHARK aka TAH · 6 Re: Good news for PCHH Sat Jul 12, 2014 4:06 am

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Rishan has been cornered from Both Ends.

What will be his next move...
handover management in hostile take over Smile

stevenapple · 7 Re: Good news for PCHH Sat Jul 12, 2014 12:01 pm

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SHARK wrote:Agreed to certain extent.

Will this shift focus and momentum on his other companies.

Could see from Monday the effect this disclosure had on it. We saw some gains on PCHH probably less selling due to order. I am not sure 100% though. Coming week should indicate something in this line or the other.

Wonder whether Rishan and His Wifes sleeping patterns have changed after all the games he has played up until now.

Good points. Will see.

BullvsBear · 8 Re: Good news for PCHH Sat Jul 12, 2014 4:07 pm

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@dineshfernando wrote:http://cse.lk/cmt/upload_cse_announcements/6901405054323_.pdf

Dynaris can't sell PCHH shares which it pledged against borrowings. LOFC has a court order preventing disposal of PCHH shares by Dynaris Holdings. This will significantly reduce the selling pressure.

In my point of view it's a good news for PCHH since there will be more demand created to buy PCHH in the open market. PCHH shares held by Dynaris Holdings is blocked now.

However, Adam Investment had purchased their stake from LOLC securities which is a sister company of LOFC. So that they are safe and their acquisition is legally binding.

http://cse.lk/cmt/uploadAnnounceFiles/9131404359352_1195.pdf

With this news I think PCHH-PCP-AINV will fly on Monday onwards...I am pretty sure at least PCHH will pass Rs. 4 & PCP will pass Rs. 3.00.

Dynaris holdings as at 31.12.2013 -100,511,399
Sale of shares at -21-26.02.2014 - (4,785,558)
Sale of shares at 21.05.2014 (500,000)
Remaining shares with Dynaris 95,225,841 (38%)
Shares %With Adam Investments 42.96%

Selling pressure will be reduced dramatically as share will go up... Very Happy

Will see on Monday... bounce

SHARK aka TAH · 9 Re: Good news for PCHH Sun Jul 13, 2014 2:07 am

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Well Done BvB

Looking forward very much on Monday Smile

CSE is full of surprises, You are correct perhaps they want Rishan & Co to stop selling these shares.
May be PCH too be active the MACD divergence should trigger something IMO.

Good to see if a turnaround on the cards with a new management.

BullvsBear · 10 Re: Good news for PCHH Mon Jul 14, 2014 11:21 am

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SHARK wrote:Well Done BvB

Looking forward very much on Monday

CSE is full of surprises, You are correct perhaps they want Rishan & Co to stop selling these shares.
May be PCH too be active the MACD divergence should trigger something IMO.

Good to see if a turnaround on the cards with a new management.

PCHH -up 3%
PCP -up 12% Very Happy

way to go... Cool

BullvsBear · 11 Re: Good news for PCHH Mon Jul 14, 2014 2:24 pm

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@BullvsBear wrote:

SHARK wrote:Well Done BvB

Looking forward very much on Monday

CSE is full of surprises, You are correct perhaps they want Rishan & Co to stop selling these shares.
May be PCH too be active the MACD divergence should trigger something IMO.

Good to see if a turnaround on the cards with a new management.

PCHH -up 3%
PCP -up 12%

way to go...

How the power of Mr. Adam ... Razz

BullvsBear · 12 Re: Good news for PCHH Wed Jul 16, 2014 12:50 pm

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@BullvsBear wrote:

@dineshfernando wrote:http://cse.lk/cmt/upload_cse_announcements/6901405054323_.pdf

Dynaris can't sell PCHH shares which it pledged against borrowings. LOFC has a court order preventing disposal of PCHH shares by Dynaris Holdings. This will significantly reduce the selling pressure.

In my point of view it's a good news for PCHH since there will be more demand created to buy PCHH in the open market. PCHH shares held by Dynaris Holdings is blocked now.

However, Adam Investment had purchased their stake from LOLC securities which is a sister company of LOFC. So that they are safe and their acquisition is legally binding.

http://cse.lk/cmt/uploadAnnounceFiles/9131404359352_1195.pdf

With this news I think PCHH-PCP-AINV will fly on Monday onwards...I am pretty sure at least PCHH will pass Rs. 4 & PCP will pass Rs. 3.00.

Dynaris holdings as at 31.12.2013 -100,511,399
Sale of shares at -21-26.02.2014 - (4,785,558)
Sale of shares at 21.05.2014 (500,000)
Remaining shares with Dynaris    95,225,841 (38%)
Shares %With Adam Investments 42.96%

Selling pressure will be reduced dramatically as share will go up...
Will see on Monday...

Just what I said it is happening...
PCHH got more energy with it when compare with PCP..
I am with PCHH... Very Happy

GL

BullvsBear · 13 Re: Good news for PCHH Sat Jul 26, 2014 7:17 pm

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@BullvsBear wrote:

@dineshfernando wrote:http://cse.lk/cmt/upload_cse_announcements/6901405054323_.pdf

Dynaris can't sell PCHH shares which it pledged against borrowings. LOFC has a court order preventing disposal of PCHH shares by Dynaris Holdings. This will significantly reduce the selling pressure.

In my point of view it's a good news for PCHH since there will be more demand created to buy PCHH in the open market. PCHH shares held by Dynaris Holdings is blocked now.

However, Adam Investment had purchased their stake from LOLC securities which is a sister company of LOFC. So that they are safe and their acquisition is legally binding.

http://cse.lk/cmt/uploadAnnounceFiles/9131404359352_1195.pdf

With this news I think PCHH-PCP-AINV will fly on Monday onwards...I am pretty sure at least PCHH will pass Rs. 4 & PCP will pass Rs. 3.00.

Dynaris holdings as at 31.12.2013 -100,511,399
Sale of shares at -21-26.02.2014 - (4,785,558)
Sale of shares at 21.05.2014 (500,000)
Remaining shares with Dynaris    95,225,841 (38%)
Shares %With Adam Investments 42.96%

Selling pressure will be reduced dramatically as share will go up...
Will see on Monday...

I think Mr.Rishan has already sold out his stake(including Personal holding)...
I hope now you guys can get an idea about public holding of PCHH... Wink

Please take note Dr.T.Senthilverl holding 7.05%..
Few more announcements can be expected in coming days... Suspect

Play Safe...
GL

dineshfernando · 14 Re: Good news for PCHH Sat Jul 26, 2014 7:25 pm

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BullsVsBear, any idea about this Redington group? They bought nearly 18% of PCHH.

Did AINV buy further stake? Quantity traded on Friday over 122 million nearly half of PCHH issued share capital.

I think the selling pressure will be over by Monday as all the major players done their deals.

BullvsBear · 15 Re: Good news for PCHH Sat Jul 26, 2014 7:38 pm

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Please refer below link about Redington Group.
http://www.redingtonmea.com/RedingtonHome/overview.html
Last week it was 126mn PCHH qty traded that was almost similar to what Rishan held till last Friday
(Through Dynaris 95.2mn + through Seylan bank around 28mn) total 123.20MN.... Wink

I think apart from Redington Group either Dr. or Adam has purchased rest...
Further announcement will be there on Monday/Next coming days...

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Good news for PCHH

1 Good news for PCHH Fri Jul 11, 2014 10:02 pm

dineshfernando

2 Re: Good news for PCHH Fri Jul 11, 2014 10:44 pm

mark

3 Re: Good news for PCHH Fri Jul 11, 2014 10:51 pm

dineshfernando

4 Re: Good news for PCHH Fri Jul 11, 2014 11:25 pm

SHARK aka TAH

5 Re: Good news for PCHH Sat Jul 12, 2014 3:57 am

SHARK aka TAH

6 Re: Good news for PCHH Sat Jul 12, 2014 4:06 am

SHARK aka TAH

7 Re: Good news for PCHH Sat Jul 12, 2014 12:01 pm

stevenapple

8 Re: Good news for PCHH Sat Jul 12, 2014 4:07 pm

BullvsBear

9 Re: Good news for PCHH Sun Jul 13, 2014 2:07 am

SHARK aka TAH

10 Re: Good news for PCHH Mon Jul 14, 2014 11:21 am

BullvsBear

11 Re: Good news for PCHH Mon Jul 14, 2014 2:24 pm

BullvsBear

12 Re: Good news for PCHH Wed Jul 16, 2014 12:50 pm

BullvsBear

13 Re: Good news for PCHH Sat Jul 26, 2014 7:17 pm

BullvsBear

14 Re: Good news for PCHH Sat Jul 26, 2014 7:25 pm

dineshfernando

15 Re: Good news for PCHH Sat Jul 26, 2014 7:38 pm

BullvsBear

16 Re: Good news for PCHH

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