@market bull wrote:Not easy to push this share after subdivision in last year.(10 shares for every 1 share)
NAPS came to 9.13 including timber stock.negative cash flow 86M,regularly taking loans to repay loans.
public shares holdings 37.74%
(3)Pershing LLC S/A Avernach Grauson & Co. had 9,070,000 shares at 31/03/12
7,520,000 shares at 30/06/12
Pan Asia Banking Corporation PLC/B R Fernando had 900,000 shares at 31/03/12
399,950 shares at 30/06/12
I believe they cant do any miracle with sep q reports. ha ha you can see whether no 3 share holder has reduced the share holdings or not.Guess BR Fernando is the Executive director of CSF. I saw lot of people connected to ceylinco in top 20 list.
For me this share is not good for mid term/long term.But Trading opportunities may arise.
Mistaken B.R.Fernando is Me Sure I shelved some shares due to cash issues, But I am in the process of transfering some of the shares to Newly registered PVT LTD company. I have not lost the faith with MAL. Sep 2012 may have proved my point.