LGL Earn 300 million BY Disposing the LGL Capital to CDB

fireshelter

fireshelter

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Monday LGL will Fly

MARKETWATCH2

MARKETWATCH2

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Upside potential around Rs.40 in the short run.

fireshelter

fireshelter

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I couldn't able to get in to the Boat i will get in on monday

Nitro 7

Nitro 7

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MARKETWATCH2 wrote:Upside potential around Rs.40 in the short run.

What are you saying? Already trading between Rs 40-41

dineshfernando

dineshfernando

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LGL.N is more attractive now and will go to Rs. 50 soon.

Selling of Leasing company is a good decision by LGL and now they can concentrate on core businesses. They made over Rs. 300 million capital gain.

MARKETWATCH2

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Nitro 7 wrote:

MARKETWATCH2 wrote:Upside potential around Rs.40 in the short run.

What are you saying? Already trading between Rs 40-41

closing price Rs.39.60 on Friday. next Rs.40

Nitro 7

Nitro 7

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Yes Rs 50 is good

Also there will be big quantities trading around Rs 45 range and who knows, Rs 60+ maybe possible within 6-12 months time...

dineshfernando wrote:LGL.N is more attractive now and will go to Rs. 50 soon.

Selling of Leasing company is a good decision by LGL and now they can concentrate on core businesses. They made over Rs. 300 million capital gain.

Nitro 7

Nitro 7

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Question is will CDB go up? CDB should be over Rs 100 based on sector PE

nickjava

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is this capital gain figure is correct?, anyway LGL was in a uptrend last week, with this news, more fuel will be added to the engine. for me LGL.X is the most attractive.

Harry82

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dineshfernando,

LG Holding(NOT LGL) earn 425 million BY Disposing the LGL Capital to CDB.
LG holding not earn capital gain.

therefore LGL price did not move.

Harry82

Harry82

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BUT CDB may pass Rs 100.00

nickjava

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Harry82 wrote:dineshfernando,

LG Holding(NOT LGL) earn 425 million BY Disposing the LGL Capital to CDB.
LG holding not earn capital gain.

therefore LGL price did not move.

true. just read the announcement, its the LG holding who gains the capital gains. i dont think their would be any effects on the accounts of LGL.

Nitro 7

Nitro 7

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In time...still trying to break Rs 85 level

Harry82 wrote:BUT CDB may pass Rs 100.00

dineshfernando

dineshfernando

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Overall it's a good news for the LGL group. They may have disposed it due to many reasons. Anyway, LGL did not run much and deserve for a run now. LGL may go to 50 as buying interest is forming.

Recently one of the LGL directors collected 1 million shares at 35.
http://cse.lk/cmt/uploadAnnounceFiles/2851406182704_1020.pdf

CDB already had a good run from 55 to 85. It may go to 100.

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LGL Earn 300 million BY Disposing the LGL Capital to CDB

1 LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 3:31 pm

fireshelter

2 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 3:37 pm

MARKETWATCH2

3 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 3:39 pm

fireshelter

4 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 3:43 pm

Nitro 7

5 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 3:48 pm

dineshfernando

6 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 3:49 pm

MARKETWATCH2

7 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 4:05 pm

Nitro 7

8 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 4:14 pm

Nitro 7

9 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 10:04 pm

nickjava

10 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 10:17 pm

Harry82

11 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 10:18 pm

Harry82

12 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 10:26 pm

nickjava

13 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sat Aug 30, 2014 11:17 pm

Nitro 7

14 Re: LGL Earn 300 million BY Disposing the LGL Capital to CDB Sun Aug 31, 2014 12:14 am

dineshfernando