HUNT - What's happening?

Monster · 1 HUNT - What's happening? Tue Jun 07, 2011 9:54 am

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8171
Reputation : 279
Join date : 2011-01-22

There is a heavy trading on HUNT in unusual manner? What would be the reason. Any attractive right issue? or take over?

mark · 2 HUNT- You surprised me Tue Jun 07, 2011 9:55 am

mark

Expert

Posts : 2677
Equity Stars : 9739
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

Already 284,000 shares changing hands in big parcels........whats up? scratch

Monster · 3 Re: HUNT - What's happening? Tue Jun 07, 2011 9:57 am

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8171
Reputation : 279
Join date : 2011-01-22

Mark, please merge my post to this thread

mark · 4 Re: HUNT - What's happening? Tue Jun 07, 2011 10:01 am

mark

Expert

Posts : 2677
Equity Stars : 9739
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

Monster wrote:Mark, please merge my post to this thread

done friend. Very Happy

mark · 5 who sold? Tue Jun 07, 2011 10:18 am

mark

Expert

Posts : 2677
Equity Stars : 9739
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

Twenty Major Shareholders as at 31.03.2011

Mrs.L.R.P.Dossa- 3,617,447
Mr T.T.Al Naki - 852,600
Mr.K.C.Vignarajah- 175,690
Mr.A.M.TH.TH.Al Ghanim- 122,100
Seylan bank\Mrs.Priyani D.RatnaGopal- 113,976
Ms.M.M.Hunter- 81,250
Mr.A.F.Gebbie- 24,662
Mr.R.Ratnagopal- 16,200
Waldock Mackenzie ltd\K.H.K.Holding- 15,200
Mr.G..C.Goonetilleke- 7,515
Mrs.S.Vignarah- 7,705
Exporters & Consumers (Pvt) ltd- 5,062
Mrs.B.S.Rasanayagam- 3,412
Dr.C.M.Fernando- 3,150
Mr.E.Bodtker- 2,887
Dr.S.S.Wijesinha- 2,570
Mr.D.J.T.Leanage- 2,406
Mrs.C.F.M.Wilson- 2,362
Dr.R.B.Lendra- 2,187
Mr.Coombs K.C- 2,150

cse.alpha · 6 Re: HUNT - What's happening? Tue Jun 07, 2011 11:17 am

cse.alpha

Senior Manager - Equity Analytics

Posts : 336
Equity Stars : 5409
Reputation : 112
Join date : 2011-01-28

At first look, HUNT seems another overvalued and illiquid company.

FY11 EPS was just Rs 14, and book value is Rs 431 per share. However owns valuable land in Naranhenpita and the MD brand.

Only 5.145 mn shares in issue, and only 2,200 shares needed to be in Top 20 shareholders @ 31st March 2011

Controlled by Mrs.Dossa with 70% stake - Mr.Ronnie de Mel's daughter I think.

Mr Al Nakib has filed several legal cases against HUNT and its Directors over past years, he had 0.853 mn shares in HUNT @ 31st March 2011 - he may be the seller.

The more interesting issue is who were the big buyers ?

Monster · 7 Re: HUNT - What's happening? Tue Jun 07, 2011 11:24 am

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8171
Reputation : 279
Join date : 2011-01-22

cse.alpha wrote:At first look, HUNT seems another overvalued and illiquid company.

FY11 EPS was just Rs 14, and book value is Rs 431 per share. However owns valuable land in Naranhenpita and the MD brand.

Only 5.145 mn shares in issue, and only 2,200 shares needed to be in Top 20 shareholders @ 31st March 2011

Controlled by Mrs.Dossa with 70% stake - Mr.Ronnie de Mel's daughter I think.

Mr Al Nakib has filed several legal cases against HUNT and its Directors over past years, he had 0.853 mn shares in HUNT @ 31st March 2011 - he may be the seller.

The more interesting issue is who were the big buyers ?

As usual you have given some valuable information. +Rep from me.

Gaja · 8 Re: HUNT - What's happening? Tue Jun 07, 2011 5:19 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9670
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

caught under 10% ban

TuskerLK · 9 Re: HUNT - What's happening? Tue Jun 07, 2011 11:44 pm

TuskerLK

Senior Manager - Equity Analytics

Posts : 403
Equity Stars : 5355
Reputation : 36
Join date : 2011-03-08

I think HUNT is the first share caught under price band on a down trend

Monster · 10 Re: HUNT - What's happening? Tue Jun 07, 2011 11:56 pm

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8171
Reputation : 279
Join date : 2011-01-22

tinyman wrote:I think HUNT is the first share caught under price band on a down trend

Did you forget ASHO?

widanage · 11 Re: HUNT - What's happening? Wed Jun 08, 2011 7:19 am

widanage

Senior Equity Analytic

Posts : 60
Equity Stars : 4882
Reputation : 29
Join date : 2011-03-19
Location : Timbuktu

cse.alpha wrote:At first look, HUNT seems another overvalued and illiquid company.

FY11 EPS was just Rs 14, and book value is Rs 431 per share. However owns valuable land in Naranhenpita and the MD brand.

Only 5.145 mn shares in issue, and only 2,200 shares needed to be in Top 20 shareholders @ 31st March 2011

Controlled by Mrs.Dossa with 70% stake - Mr.Ronnie de Mel's daughter I think.

Mr Al Nakib has filed several legal cases against HUNT and its Directors over past years, he had 0.853 mn shares in HUNT @ 31st March 2011 - he may be the seller.

The more interesting issue is who were the big buyers ?

Al Nakib Quit

Dilith, WDNHP & BoC are the buyers

Monster · 12 Re: HUNT - What's happening? Sat Jun 11, 2011 3:18 am

Monster

Senior Vice President - Equity Analytics

Posts : 1708
Equity Stars : 8171
Reputation : 279
Join date : 2011-01-22

widanage wrote:

cse.alpha wrote:At first look, HUNT seems another overvalued and illiquid company.

FY11 EPS was just Rs 14, and book value is Rs 431 per share. However owns valuable land in Naranhenpita and the MD brand.

Only 5.145 mn shares in issue, and only 2,200 shares needed to be in Top 20 shareholders @ 31st March 2011

Controlled by Mrs.Dossa with 70% stake - Mr.Ronnie de Mel's daughter I think.

Mr Al Nakib has filed several legal cases against HUNT and its Directors over past years, he had 0.853 mn shares in HUNT @ 31st March 2011 - he may be the seller.

The more interesting issue is who were the big buyers ?

Al Nakib Quit

Dilith, WDNHP & BoC are the buyers

Mr Al Nakib has not exited completely. As of 4Q interim report Mr Nakib had 852,600 shares. But during this week only less than 600,000 shares traded. So, Mr Nakid still holding some shares.

Mr Al-Nakib, a retired Kuwaiti businessman, has chosen Sri Lanka as a retirement destination and began investing in Sri Lankan stocks as a hobby, as he was not interested in idling during retirement. Al-Nakib was granted residency in Sri Lanka in October 2001.