FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Yesterday at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Yesterday at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 10:39 am

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Fri Jun 24, 2022 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Fri Jun 24, 2022 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Fri Jun 24, 2022 9:57 am

» Positive news to boost market sentiment
by samaritan Fri Jun 24, 2022 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » LHCL WILL BE SOLD OFF

LHCL WILL BE SOLD OFF

+4
EquityChamp
salt
Hewagak
capitallinkceylon
8 posters

Go down  Message [Page 1 of 1]

1LHCL WILL BE SOLD OFF Empty LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:32 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

non strategic state companies will be sold off. PM stated Lanka hospital will be sold off through the CSE.
LHCL will go up on Friday

2LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:37 pm

Hewagak


Senior Equity Analytic
Senior Equity Analytic

capitallinkceylon wrote:non strategic state companies will be sold off. PM stated Lanka hospital will be sold off through the CSE.
LHCL will go up on Friday

What is the mean of this? Y price will go up?

3LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:42 pm

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I'm just assuming it will go up, cause now everyone knows govt is looking for a buyer to takeover the company.

Companies like Hemas nawaloka durdans will for sure will be interested in buying into this.
I don't think Asiri will be looking into this cause they have 2 hospitals near proximity of Lanka hospital

4LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:44 pm

Hewagak


Senior Equity Analytic
Senior Equity Analytic

capitallinkceylon wrote:I'm just assuming it will go up, cause now everyone knows govt is looking for a buyer to takeover the company.

Companies like Hemas nawaloka durdans will for sure will be interested in buying into this.
I don't think Asiri will be looking into this cause they have 2 hospitals near proximity of Lanka hospital

Yes I think you are right last half n hour LHCL came up by to 54. Tomorrow it will go up.

5LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:55 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics

Lanka Hospitals is not owned by the government, its owned by Sri Lanka  Insurance life & general funds. Investment in listed companies is their business


Sri Lanka Insurance Corporation Ltd - Life Fund 
Fortis Global Healthcare Holdings Pte Ltd Sri Lanka Insurance Corporation Ltd - General Fund 



These funds belong to policyholders 

6LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:56 pm

EquityChamp

EquityChamp
Moderator
Moderator

Major shareholder list includes Sri Lanka insurance corporation. This insurance corporation will own many stocks other than this. So why they sell only LHCL. Not clear to me.

7LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 8:45 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

What about Sevanagala and Pelwatte sugar  Industries ???

8LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 11:01 pm

cseranga

cseranga
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I think there is a gamble behind this deal sometimes UNP supporter or even a minister has an idea to be a major share holder, to my mind there was an article criticizing that 2 UNP people handle all purchases of Lanka Hospitals soon after 08th of January one of those two is a monk these 2 takeover 10% commission of total monthly purchase, this kind of things not unbelievable after central bank treasury bills fraud.

9LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Sun Nov 08, 2015 11:33 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

DIST is trying to buy LHCL

10LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Sun Nov 08, 2015 12:31 pm

gayanath1983

gayanath1983
Vice President - Equity Analytics
Vice President - Equity Analytics

Harry , is it comformed..?

11LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Mon Nov 09, 2015 8:44 am

capitallinkceylon


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

It just rumors, i heard two rumors from two brokers. Everyone creating rumors to drive up the price. 

One said Asiri and Durdans had made an offer, other said its a inside deal between Harry J(Dist) and MS/Chandrika. According to rumors Harry contributed heavily to MS campaign, so it will be given to him at a favorable price to him.

12LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Mon Nov 09, 2015 9:05 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June 
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium 
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been 
held for and on behalf of the Secretary to the Treasury. 
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group 
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu 
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to 
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL 
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL; 

Therefore LHCL WILL BE SOLD OFF to DIST

13LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Mon Nov 09, 2015 9:39 am

Janu


Equity Analytic
Equity Analytic

Fortis is the 3 largest shareholder they paid Rs 60 in 2011 to buy there current stake. It may be Fortis and the price will be higher now and this sale to fortis will bring in foreign exchange in to the country which is badly needed at the moment. This will move and it is a safe betHarry82 wrote:Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June 
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium 
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been 
held for and on behalf of the Secretary to the Treasury. 
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group 
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu 
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to 
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL 
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL; 

Therefore LHCL WILL BE SOLD OFF to DIST

14LHCL WILL BE SOLD OFF Empty Re: LHCL WILL BE SOLD OFF Tue Nov 17, 2015 10:07 am

Janu


Equity Analytic
Equity Analytic

Janu wrote:
Fortis is the 3 largest shareholder they paid Rs 60 in 2011 to buy there current stake. It may be Fortis and the price will be higher now and this sale to fortis will bring in foreign exchange in to the country which is badly needed at the moment. This will move and it is a safe betHarry82 wrote:Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June 
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium 
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been 
held for and on behalf of the Secretary to the Treasury. 
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group 
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu 
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to 
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL 
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL; 

Therefore LHCL WILL BE SOLD OFF to DIST
Can anyone estimate how much this is worth

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum