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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Singer Sri Lanka may sell Regnis Lanka to Softlogic for 1.5 times above Net Asset Value

Singer Sri Lanka may sell Regnis Lanka to Softlogic for 1.5 times above Net Asset Value

+9
Market R
Jayashantha
gayanath1983
Sstar
StockGuru
Nuwan Samarawickrama
deadtrack
RPPA
DealKing
13 posters

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DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

RPPA


Expert
Expert

DealKing wrote:Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

So SHL will pay about 160/- per share isn't it. Fine

Mr. Deal king

What is happening to HNB purchase of CSF @ 10/- share.

Deal might be on. But i don't think they will pay at least 7/-.

Why silent.



Last edited by RPPA on Tue Oct 14, 2014 11:25 am; edited 3 times in total

deadtrack


Stock Trader

market rumors

Nuwan Samarawickrama


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

bellow 5/=

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

RPPA wrote:
DealKing wrote:Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

So SHL will pay about 160/- per share isn't it. Fine

Mr. Deal king

What is happening to HNB purchase of CSF @ 10/- share.

Deal might be on. But i don't think they will pay at least 7/-.

Why silent

Wait till Asanga gets Anilana Rights issue passed and so Anilana will buy MHDL from Nawaloka Construction and Ceyoka.Before that CSF will dispose Stock Brokering firm, other subsidiaries and some other shares held by CSF in Ceylinco Group.After that Nation Lanka will get cash to the Nation Lanka Treausury which will revalue the share and then HNB will buy CSF at Rs.10 per share.

It is a Deal-Deal Web of CSE.Only thing you need is patience.

RPPA


Expert
Expert

DealKing wrote:
RPPA wrote:
DealKing wrote:Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

So SHL will pay about 160/- per share isn't it. Fine

Mr. Deal king

What is happening to HNB purchase of CSF @ 10/- share.

Deal might be on. But i don't think they will pay at least 7/-.

Why silent

Wait till Asanga gets Anilana Rights issue passed and so Anilana will buy MHDL from Nawaloka Construction and Ceyoka.Before that CSF will dispose Stock Brokering firm, other subsidiaries and some other shares held by CSF in Ceylinco Group.After that Nation Lanka will get cash to the Nation Lanka Treausury which will revalue the share and then HNB will buy CSF at Rs.10.


OK mate. Thanks for the in put.

I will keep an eye on these deals.

Nuwan Samarawickrama


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

DealKing wrote:
RPPA wrote:
DealKing wrote:Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

So SHL will pay about 160/- per share isn't it. Fine

Mr. Deal king

What is happening to HNB purchase of CSF @ 10/- share.

Deal might be on. But i don't think they will pay at least 7/-.

Why silent

Wait till Asanga gets Anilana Rights issue passed and so Anilana will buy MHDL from Nawaloka Construction and Ceyoka.Before that CSF will dispose Stock Brokering firm, other subsidiaries and some other shares held by CSF in Ceylinco Group.After that Nation Lanka will get cash to the Nation Lanka Treausury which will revalue the share and then HNB will buy CSF at Rs.10 per share.

It is a Deal-Deal Web of CSE.Only thing you need is patience.
Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect Suspect

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Do not forget.

CSF - the Board of directors of the company divested its entire stake of 91,754,028 shares
(68.1%) in Millennium Housing Developers PLC at a consideration of Rs. 5.00 per share. The total consideration is Rs. 458,770,140 and the gain on disposal was recognized as Rs. 305,846,760.

RPPA


Expert
Expert

DealKing wrote:Do not forget.

CSF - the Board of directors of the company divested its entire stake of 91,754,028 shares
(68.1%) in Millennium Housing Developers PLC at a consideration of Rs. 5.00 per share. The total consideration is Rs. 458,770,140 and the gain on disposal was recognized as Rs. 305,846,760.

YA that is known infor.

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

DealKing wrote:Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

When will the deal happen?

Nuwan Samarawickrama


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

StockGuru wrote:
DealKing wrote:Singer Sri Lanka PLC will sell its controlling stake in Regnis Lanka (reg) to Softlogic group in a deal where Softlogic will buy REG shares at 1.5 times higher than of of Net Asset Value per share of REG.

Softlogic is said to be in discussion on the deal with Singer already.

When will the deal happen?

What Will be the price of Regnis ?????

Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

According to news Soflogic is looking to buy SINS for Rs. 15 Bn

RPPA


Expert
Expert

Sstar wrote:According to news Soflogic is looking to buy SINS for US$ 15bn

Are you sure is it SINS

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sstar you may be correct!

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics

Sstar wrote:According to news Soflogic is looking to buy SINS for US$ 15bn
Is it US$ 15 billion or US$ 15 million?

Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

US $15 billion seems to have been a typo.

RPPA


Expert
Expert

Jayashantha wrote:US $15 billion seems to have been a typo.

That means Rs.1,935 Bn. Can't be,

They have only 5.3Bn as share holders finds.

So it can't be either $15Mn or $15Bn

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Cant be $15 million also if Softlogic going to get the control of SINS.

Fairtrade

Fairtrade
Manager - Equity Analytics
Manager - Equity Analytics

Be careful.

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Jayashantha wrote:US $15 billion seems to have been a typo.

It is US Rs. 15 million = nearly US $120 million.

Last few months Singer has got lots of business units and Business from Browns Group (Brown & Company) - BRWN including photocopy business and some other imported brands.After LOLC acquired Browns the BRWN is now undergoing a consolidation phase and business restructuring phase.They have sold many businesses to Singer and LOLC lead Browns fame in 2011 were eyeing Singer Sri Lanka how ever they were unable to acquire since LOLC couldn't find necessary funding.

Singer BV has been eyeing to exit SL by offering the franchise to someone else for a long time.
If Softlogic acquires Singer business that will give lots of synergies since it will increase Softlogic's retail business footprint with Singer Mega and Lifestyles and with Softlogic Max and Odel with Softlogic retail phone brands and clothing brands with Burger King and many more.

After that LOLC-Browns fame lead Bond King (who had large quantity of Singer during 2011-2012) manipulated SINS shares from Rs.100 - Rs.125 levels on a two day cycle and exited.

However now Softlogic who has lots of banking contacts to fund acquisitions will be buying SINS group and it might pave way for Softlogic Finance and Singer Finance to merge too.

So bet high...Softlogic will buy Singer most probably for nearly Rs.15 billion from a facilitated credit line.



Last edited by StockGuru on Mon Oct 20, 2014 2:16 pm; edited 1 time in total

Jiggysaurus

Jiggysaurus
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

StockGuru wrote:
Jayashantha wrote:

So bet high...Softlogic will buy Singer most probably for nearly Rs.15 billion from a faciitated credit line.


Wow only 2 billion. What a deal from the guru.

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Jiggysaurus wrote:
StockGuru wrote:
Jayashantha wrote:

So bet high...Softlogic will buy Singer most probably for nearly Rs.15 billion from a faciitated credit line.


Wow only 2 billion. What a deal from the guru.

Jiggy brother disregard typo...something wrong with the system..

It is about Rs.15 billion something like US $ 120 million.

RPPA


Expert
Expert

StockGuru wrote:
Jayashantha wrote:US $15 billion seems to have been a typo.

It is US Rs. 15 million = nearly US $120 million.

Last few months Singer has got lots of business units and Business from Browns Group (Brown & Company) - BRWN including photocopy business and some other imported brands.After LOLC acquired Browns the BRWN is now undergoing a consolidation phase and business restructuring phase.They have sold many businesses to Singer and LOLC lead Browns fame in 2011 were eyeing Singer Sri Lanka how ever they were unable to acquire since LOLC couldn't find necessary funding.

Singer BV has been eyeing to exit SL by offering the franchise to someone else for a long time.
If Softlogic acquires Singer business that will give lots of synergies since it will increase Softlogic's retail business footprint with Singer Mega and Lifestyles and with Softlogic Max and Odel with Softlogic retail phone brands and clothing brands with Burger King and many more.

After that LOLC-Browns fame lead Bond King (who had large quantity of Singer during 2011-2012) manipulated SINS shares from Rs.100 - Rs.125 levels on a two day cycle and exited.

However now Softlogic who has lots of banking contacts to fund acquisitions will be buying SINS group and it might pave way for Softlogic Finance and Singer Finance to merge too.

So bet high...Softlogic will buy Singer most probably for nearly Rs.15 billion from a facilitated credit line.

I really can't understand to what extent of debt SHL is going to go for. The group currently has long & short term debt of Rs.53.70Bn including public deposits (9.5Bn) & shareholders funds of only Rs.13.80Mn.

Now again targeting a major acquisition through debt. I don't thing any institution will provide cheap lending due to SHL due to the risk they are taking.

So any kind of cash flow pressure is enough for this group to crash.
ex-Same thing happen to PCH as they acquired companies through M/T facilities & when the share price come down co, will be in a total mess.

kassachandi


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

What will be sins price for the deal Mr sstar

anges


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

only time will tell how the debt will affect the bottom lines !

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