LGL...willl they report a huge Capital loss?

Chabbi · 26 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 7:55 pm

Chabbi

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smallville wrote:

Hiru wrote:As per the article, it's Laugfs Holdings that has purchased above shares and therefore it's not needed to account for any losses in LGL accounts. Am I wrong?

But, as per GRAN quarterly statements it is LGL. As we have to rely on GRAN statements LGL has to disclose the fact somehow.

Further. during the year ended 31/03/2011, LGL has invested 424 mn in quoted shares and all have been already accounted as long term investments. What ever shares included in this 424mn portfolio, aggregated result would be a loss as the prices of almost all the shares have come down.

This was discussed sometime back even, its not LGL.. its Laughs Holdings.. The correct one was stated on a news article and GRAN has mistakenly put as LGL..

@ Small Its LGL .. im sure ... its not holdings buddy Smile

smallville · 27 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 8:02 pm

smallville

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Chabbi wrote:

smallville wrote:

Hiru wrote:As per the article, it's Laugfs Holdings that has purchased above shares and therefore it's not needed to account for any losses in LGL accounts. Am I wrong?

But, as per GRAN quarterly statements it is LGL. As we have to rely on GRAN statements LGL has to disclose the fact somehow.

Further. during the year ended 31/03/2011, LGL has invested 424 mn in quoted shares and all have been already accounted as long term investments. What ever shares included in this 424mn portfolio, aggregated result would be a loss as the prices of almost all the shares have come down.

This was discussed sometime back even, its not LGL.. its Laughs Holdings.. The correct one was stated on a news article and GRAN has mistakenly put as LGL..

@ Small Its LGL .. im sure ... its not holdings buddy

Hmmm.. Read the following Wink

http://www.ft.lk/2011/03/04/laugfs-lights-up-bourse/

extract;
"Whilst Laugfs Gas was being under investor spotlight yesterday, its parent Laugfs Holdings on its part had entered the market picking up 1.5 million shares of Citrus Leisure at Rs. 90 per share and around 1 million shares of Ceylon Grain Elevators for Rs. 205 each. Brokers and market analysts said that these were the first equity investments by Laugfs Holdings."

Hiru · 28 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 8:14 pm

Hiru

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smallville wrote:

Chabbi wrote:

smallville wrote:

Hiru wrote:As per the article, it's Laugfs Holdings that has purchased above shares and therefore it's not needed to account for any losses in LGL accounts. Am I wrong?

But, as per GRAN quarterly statements it is LGL. As we have to rely on GRAN statements LGL has to disclose the fact somehow.

Further. during the year ended 31/03/2011, LGL has invested 424 mn in quoted shares and all have been already accounted as long term investments. What ever shares included in this 424mn portfolio, aggregated result would be a loss as the prices of almost all the shares have come down.

This was discussed sometime back even, its not LGL.. its Laughs Holdings.. The correct one was stated on a news article and GRAN has mistakenly put as LGL..

@ Small Its LGL .. im sure ... its not holdings buddy

Hmmm.. Read the following
http://www.ft.lk/2011/03/04/laugfs-lights-up-bourse/

extract;
"Whilst Laugfs Gas was being under investor spotlight yesterday, its parent Laugfs Holdings on its part had entered the market picking up 1.5 million shares of Citrus Leisure at Rs. 90 per share and around 1 million shares of Ceylon Grain Elevators for Rs. 205 each. Brokers and market analysts said that these were the first equity investments by Laugfs Holdings."

Further. during the year ended 31/03/2011, LGL has invested 424 mn in quoted shares and all have been already accounted as long term investments. What ever shares included in this 424mn portfolio, aggregated result would be a loss as the prices of almost all the shares have come down.
[/quote]- Don't you think this part is valid even though GRAN shares were purchased by the Holding Company. what are the shares included in 424 mn.

invest-abc · 29 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 8:20 pm

invest-abc

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smallville wrote:

Chabbi wrote:

smallville wrote:

Hiru wrote:As per the article, it's Laugfs Holdings that has purchased above shares and therefore it's not needed to account for any losses in LGL accounts. Am I wrong?

But, as per GRAN quarterly statements it is LGL. As we have to rely on GRAN statements LGL has to disclose the fact somehow.

Further. during the year ended 31/03/2011, LGL has invested 424 mn in quoted shares and all have been already accounted as long term investments. What ever shares included in this 424mn portfolio, aggregated result would be a loss as the prices of almost all the shares have come down.

This was discussed sometime back even, its not LGL.. its Laughs Holdings.. The correct one was stated on a news article and GRAN has mistakenly put as LGL..

@ Small Its LGL .. im sure ... its not holdings buddy

Hmmm.. Read the following
http://www.ft.lk/2011/03/04/laugfs-lights-up-bourse/

extract;
"Whilst Laugfs Gas was being under investor spotlight yesterday, its parent Laugfs Holdings on its part had entered the market picking up 1.5 million shares of Citrus Leisure at Rs. 90 per share and around 1 million shares of Ceylon Grain Elevators for Rs. 205 each. Brokers and market analysts said that these were the first equity investments by Laugfs Holdings."

I certainly hope it's Laughs Holdings...I have 300k LGL shares which I have collected around 45 levels...at the same time I had the option of purchasing GRAN / TAFL which I avoided because it was highly overvalued at that time. LGL is not a professional investment company and I hope they are not playing with investors money. Evil or Very Mad

suja · 30 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 8:28 pm

suja

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Their PBV will be affected as these are balance sheet items. There is no impact from this to their earnings and also PE. The investment is a sunk cost until they realise profit or loss for which they will have to trade the share. But they will take a long time to break even with this investment.

Rajitha · 31 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 11:34 pm

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Well my memory seems seems quite good from the later posts! As the articles went it was LAugfs holdings and not LGL that has bought the shares!

nkalansu · 32 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 11:41 pm

nkalansu

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Rajitha wrote: Well my memory seems seems quite good from the later posts! As the articles went it was LAugfs holdings and not LGL that has bought the shares!

Well there is a bit of a confusion. In the GRAN and REEF quarterly reports both companies have reported LGL in their top 20 list and not Laugfs Holdings. However others seems to believe its laugfs holdings that has invested and not LGL.

Who is correct??? I think you should go by the quarterly reports. Anyway lets wait till LGL publishes its annual report for year 2010-2011.

Chabbi · 33 Re: LGL...willl they report a huge Capital loss? Tue Jun 21, 2011 11:43 pm

Chabbi

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Rajitha wrote: Well my memory seems seems quite good from the later posts! As the articles went it was LAugfs holdings and not LGL that has bought the shares!

This is for my Very Good Frnd Small & Raji Very Happy

this was extracted from Gran 31st March 2011 Quarter Report

Well come your Opinion Smile

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LGL...willl they report a huge Capital loss? - Page 2 111

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smallville · 34 Re: LGL...willl they report a huge Capital loss? Thu Jun 23, 2011 7:19 pm

smallville

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Chabbi wrote:

Rajitha wrote: Well my memory seems seems quite good from the later posts! As the articles went it was LAugfs holdings and not LGL that has bought the shares!

This is for my Very Good Frnd Small & Raji

this was extracted from Gran 31st March 2011 Quarter Report

Well come your Opinion
[img][/img]

As you can see its a printing mistake..

GRAN has sent the original docs to the printer but looking at it printer didn't know a company called Laughs Holdings, and Laughs being a familiar name he might've thot its a mistake and included LGL instead.. Its the printer to be blamed not GRAN.
How is my explanation.. Laughing

Hiru · 35 Re: LGL...willl they report a huge Capital loss? Thu Jun 23, 2011 7:39 pm

Hiru

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smallville wrote:

Chabbi wrote:

Rajitha wrote: Well my memory seems seems quite good from the later posts! As the articles went it was LAugfs holdings and not LGL that has bought the shares!

This is for my Very Good Frnd Small & Raji

this was extracted from Gran 31st March 2011 Quarter Report

Well come your Opinion
[img][/img]

As you can see its a printing mistake..

GRAN has sent the original docs to the printer but looking at it printer didn't know a company called Laughs Holdings, and Laughs being a familiar name he might've thot its a mistake and included LGL instead.. Its the printer to be blamed not GRAN.
How is my explanation..