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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » BLI bought 25.5% of SFL at 275.00

BLI bought 25.5% of SFL at 275.00

+8
ShiraBoy
sampath.anuradha
visionstar
Top Trader
ccsentha
shan
windi5
Gainer
12 posters

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1BLI bought 25.5% of SFL at 275.00 Empty BLI bought 25.5% of SFL at 275.00 Tue Sep 02, 2014 6:00 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Bimputh Finance (BIL) bought 25.5 % of Sinhaputhra Finance (SFL) at 275.00

http://www.cse.lk/cmt/upload_cse_announcements/2431409656948_.pdf

2BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Tue Sep 02, 2014 6:15 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Another Good news announcement pending

SFL.P going to normal voting share and Ratio is one SFL.N for two SFL.P

SFL.N now possible to break 300.00

SFL.P also possible to break 150.00

3BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Tue Sep 02, 2014 7:30 pm

windi5

windi5
Moderator
Moderator

What will happen to BLI?. will it touch 50?

4BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Tue Sep 02, 2014 7:49 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SFL going to takeover by BIL

SFL another 50.67% shares Holding by Mr. K. R. B. Wijeyeratne

He is Ready to sell at more than 300.00

BIL Ready to buy and takeover SFL

After that mandatory offer will come more than 300.00

5BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Tue Sep 02, 2014 11:10 pm

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Gainer wrote:Another Good news announcement pending

SFL.P going to normal voting share and Ratio is one SFL.N for two SFL.P

SFL.N now possible to break 300.00

SFL.P also possible to break 150.00

yes Gainer tomorrow market day SFL.N and SFL.P bull run

6BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Tue Sep 02, 2014 11:46 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SFL.P huge collection going on they will push up more than 150.00

SFL.P it's a very illiquid stock and very easy to push up some hundred thousand shares only issed qty.

Right now with this good news bull run is Ready.

7BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 12:20 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

Gainer wrote:SFL going to takeover by BIL

SFL another 50.67% shares Holding by Mr. K. R. B. Wijeyeratne

He is Ready to sell at more than 300.00

BIL Ready to buy and takeover SFL

After that mandatory offer will come more than 300.00

Have miss spelled BIL for BLI? It's BLI who bought 25% ne?

8BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 12:22 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

Gainer wrote:Another Good news announcement pending

SFL.P going to normal voting share and Ratio is one SFL.N for two SFL.P

SFL.N now possible to break 300.00

SFL.P also possible to break 150.00

Are you sure about the conversion ratio? SFL.P should be worth more than the half of SFL.N ne?

9BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 12:29 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

Gainer wrote:SFL going to takeover by BIL

SFL another 50.67% shares Holding by Mr. K. R. B. Wijeyeratne

He is Ready to sell at more than 300.00

BIL Ready to buy and takeover SFL

After that mandatory offer will come more than 300.00

Directors share holding was around 60%, so after the sale of 25% only 35% left, isn't it?

10BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 1:05 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

ccsentha wrote:
Gainer wrote:SFL going to takeover by BIL

SFL another 50.67% shares Holding by Mr. K. R. B. Wijeyeratne

He is Ready to sell at more than 300.00

BIL Ready to buy and takeover SFL

After that mandatory offer will come more than 300.00

Directors share holding was around 60%, so after the sale of 25% only 35% left, isn't it?

Director holding 50.67% of SFL still not sell.

Bimputh buys 25% of Sinhaputhra Finance for Rs. 433 m

Bimputh Finance Plc yesterday bought a 25% stake in Sinhaputhra Finance Plc for Rs. 433 million.
The acquisition was via the stock market. Bimputh bought 1.573 million shares of Sinhaputhra at Rs. 275 each.
With yesterday’s acquisition, Bimputh holds 25.5% or 1.605 million shares in Sinhaputhra. Bimputh is controlled by Daya Group, owned by Opposition politicians Daya and Anoma Gamage.
The move is part of the financial sector consolidation initiated by the Central Bank.
Net asset per share of Sinhaputhra was Rs. 154 as at June 2014.
The Kandy-based finance company had Rs. 6.62 billion in assets (inclusive of Rs. 4.4 billion in loans and receivables – leases, hire purchases and others) whilst liabilities were Rs. 5.6 billion (including Rs. 4.96 billion in deposits). Equity amounted to Rs. 986 million including retained earnings of Rs. 202 million.
In the three months ended on 30 June 2014, Sinhaputhra had posted an after tax profit of Rs. 16.4 million, up from Rs. 10.4 million a year earlier. Gross income amounted to Rs. 269.7 million as against Rs. 251 million.
Managing Director K.R.B. Wijeyeratne held a 51% stake in Sinhaputhra as at June 2014.
Bimputh is a relatively new and smaller finance company. Its assets are only Rs. 1.78 billion with liabilities being Rs. 1 billion. Its net asset per share is Rs. 14. It posted a profit of Rs. 11.4 million in the quarter ended on 30 June 2014, up by 56% over a year earlier.


http://www.ft.lk/2014/09/03/bimputh-buys-25-of-sinhaputhra-finance-for-rs-433-m/

11BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 6:26 am

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Do anybody has the idea about the terms of the P Shares, whether its cumulative or not, what is the minimum rate offered?

I didn't read the AR yet, will try to do so, in the meanwhile, if anybody has the info, please share.

12BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 11:45 am

visionstar


Senior Equity Analytic
Senior Equity Analytic

Mr Dinal Wijemanne the 2'nd largest shareholder together with the 3'rd largest shareholder of SFL has sold their stake to Bimputh Finance PLC. But the managing director still has the controlling interest with more than 50% stake in the equity of SFL.As Gainer has said may be his expected price is around Rs 300 per share!

13BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 1:28 pm

sampath.anuradha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Mr.SHARK,what u think about this.....

14BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 2:58 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SFL.N today end of trading 250.00 clear

15BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 3:25 pm

ShiraBoy


Senior Equity Analytic
Senior Equity Analytic

Why SFL.P not up?

16BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 4:04 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

I'm also wondering why the price didn't take over today, the rest of the shares too could be bought for 275, once 16% is sold for 275, the other will not be willing to sell for anything less, isn't it?

17BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 5:18 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SFL.P some one push down and playing the game any time it will shoot up like Rocket

18BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Wed Sep 03, 2014 5:56 pm

ShiraBoy


Senior Equity Analytic
Senior Equity Analytic

Gainer wrote:SFL.P some one push down and playing the game any time it will shoot up like Rocket

i hope so...

19BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Thu Sep 04, 2014 3:18 pm

NIRANJANRAS


Equity Analytic
Equity Analytic

Why SLF.P is not moving and showing downward trend

20BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Thu Sep 04, 2014 5:53 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics

NIRANJANRAS wrote:Why SLF.P is not moving and showing downward trend

SFL.P is entitled to additional dividend of 0.10 cents, but it does not have voting rights.

Since it does not have voting rights we can consider the vale as a non voting shares, but it gives additional dividend too, so theoretically the price of SFL.P should be higher than non voting shares.

Isn't it?

when SFL.N goes at 275, surely SFL.P should be worth higher than 200, isn't it?

If SFL declares a dividend of 1rs, then SFL.N share holders will get 1rs where as SFL.P share holders will get rs 1.10. so isn't that make SFL.P more valuable?

21BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Thu Sep 04, 2014 9:15 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

ccsentha wrote:
NIRANJANRAS wrote:Why SLF.P is not moving and showing downward trend

SFL.P is entitled to additional dividend of 0.10 cents, but it does not have voting rights.

Since it does not have voting rights we can consider the vale as a non voting shares, but it gives additional dividend too, so theoretically the price of SFL.P should be higher than non voting shares.

Isn't it?

when SFL.N goes at 275, surely SFL.P should be worth higher than 200, isn't it?

If SFL declares a dividend of 1rs, then SFL.N share holders will get 1rs where as SFL.P share holders will get rs 1.10. so isn't that make SFL.P more valuable?
yes Current market value SFL.P more than 200.00

22BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Thu Sep 04, 2014 9:43 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

sampath.anuradha wrote:Mr.SHARK,what u think about this.....
Sorry I am not familiar with this ...so i will pass something i do not know Very Happy

23BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Thu Sep 04, 2014 10:23 pm

ShiraBoy


Senior Equity Analytic
Senior Equity Analytic

According to CSE - SFL Announcements SFL.P shares like this:

INTRODUCTION OF NON-VOTING NON-CUMULATIVE NON-REDEEMABLE PREFERENCE SHARES
11 April 2014
http://www.cse.lk/cmt/uploadAnnounceFiles/8431397215199_950.pdf

study study study

24BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Thu Sep 04, 2014 10:32 pm

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

why bli bought SFL at 275.isnt it too high?
after the this share purchase I saw a big qty on offer at 250/=.

25BLI bought 25.5% of SFL at 275.00 Empty Re: BLI bought 25.5% of SFL at 275.00 Fri Sep 05, 2014 12:50 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Dividend paid in respect of shares for the last 2 years is as follows

2012------- SFL.N ----- 2.00

2012-------SFL.P ------2.10

2011------SFL.N-------00.75

2011------SFL.P-------00.85

Please Read more details about SFL.P then you will buy and take huge profits   https://www.cse.lk/pdf/Sighaputhra_Intro.pdf


Highly Expecting next dividend if they will pay for SFL.N 10.00  then SFL.P 10.10

end of 31st march SFL more than 14.00 Rupees earning per share it's possible to pay this month,

highly expecting more than 10.00 Rupees Dividend then good for SFL.P

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