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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Good news for PCHH

Good news for PCHH

Go down  Message [Page 1 of 1]

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

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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

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

mark

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

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

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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I don't think that mandatory offer will be withdrawn.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.

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

SHARK aka TAH

SHARK aka TAH
Expert
Expert
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.

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

SHARK aka TAH

SHARK aka TAH
Expert
Expert
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

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

SHARK aka TAH

SHARK aka TAH
Expert
Expert
Rishan has been cornered from Both Ends.

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

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

stevenapple


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

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

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic
@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 bounce bounce cheers

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

SHARK aka TAH

SHARK aka TAH
Expert
Expert
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.

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

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic
SHARK wrote: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.

PCHH -up 3%
PCP   -up 12% Very Happy

way to go... Cool 

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

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic
@BullvsBear wrote:
SHARK wrote: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.

PCHH -up 3%
PCP   -up 12% Very Happy

way to go... Cool 

How the power of Mr. Adam ... Razz

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

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic
@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... Very Happy 
Will see on Monday... bounce bounce bounce cheers

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

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

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic
@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... Very Happy 
Will see on Monday... bounce bounce bounce cheers

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

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

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
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.

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

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic
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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