Pathirage bought 5.6 million shares

Genting · 41 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 11:11 am

Genting

Senior Manager - Equity Analytics

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Join date : 2011-02-21

How I see is this situation is due to unethical behavior of Carson group. They are supposed to be investors, not traders who sells shares on the first day. If anyone knew they they are going to be like that, no one wold have offered them shares.

Seems like they have sold almost all of their shares. So I don't think SHL will come down in the near future.

The other comment I like to add is regarding Pathirage purchasing of shares.

Its not only Pathirage, Dammika also has been purchasing shares of his company. He bought 1mn @ 33.50 when it was falling from 38.

I think Pathirage is clever, purchasing from Carsons, who made the price bellow the IPO price.

pradeeptha_007 · 42 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 12:20 pm

pradeeptha_007

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Join date : 2011-03-18

@Genting wrote:How I see is this situation is due to unethical behavior of Carson group. They are supposed to be investors, not traders who sells shares on the first day. If anyone knew they they are going to be like that, no one wold have offered them shares.

Seems like they have sold almost all of their shares. So I don't think SHL will come down in the near future.

The other comment I like to add is regarding Pathirage purchasing of shares.

Its not only Pathirage, Dammika also has been purchasing shares of his company. He bought 1mn @ 33.50 when it was falling from 38.

I think Pathirage is clever, purchasing from Carsons, who made the price bellow the IPO price.

agree with u

godswen · 43 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 1:09 pm

godswen

Senior Manager - Equity Analytics

Posts : 469
Join date : 2011-02-02

@mark wrote:
*actually the pp was issued at 72Rs,then after it was splitted 1 to 10,so no change in ownership percentage,but IPO made it diluted,so pathirage lost the 50% control over the shareholding(50% need for pass ordinary resolution,but there is exceptions against majority rule(foss vs harbottle case law)..

so i feel this is done for increase his holding,but indirectly it increase the share price

That also make sense, so he bought at lower price than of IPO price which made him to increase his holding as well as the share price? anyways yesterday was a good day for me, and for most of em i guess. 20% gain? Hope the drama will continue on Friday! Will see!

Cheers!

seyon · 44 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 1:14 pm

seyon

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@Genting wrote:How I see is this situation is due to unethical behavior of Carson group. They are supposed to be investors, not traders who sells shares on the first day. If anyone knew they they are going to be like that, no one wold have offered them shares.

Seems like they have sold almost all of their shares. So I don't think SHL will come down in the near future.

The other comment I like to add is regarding Pathirage purchasing of shares.

Its not only Pathirage, Dammika also has been purchasing shares of his company. He bought 1mn @ 33.50 when it was falling from 38.

I think Pathirage is clever, purchasing from Carsons, who made the price bellow the IPO price.

This all disaster, as we all know due to high IPO pricing compare to PP price (nearly 300% return). Investors who were allocated through the PP have been waiting more than one year. Who will miss the opportunity to get 300% in one year.

140Mn shares were issued through private placement, out of that Carson funds hold 28mn which is nearly 20%. Ok If CARS funds did not sell, there are other plenty of individual investors are in the list and ready to sell in the first day to grab opportunity (300 % return in one year, who give?.)

So CARS funds used the opportunity, However as a Professional Fund Manager may wait 2or3 and sell. Further i don't think CARS did not sell through the trading floor, those would have been done through private deals ( since the holding qty is high),trading floor transaction mainly from the PP individual.

In my view AP has to take all the blame,that pricing IPO @ high price.

salt · 45 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 2:33 pm

salt

Vice President - Equity Analytics

Posts : 1345
Join date : 2011-01-31

@Liber Abaci wrote:

This is not simple logic.
In an IPO the subscription money ( @ 29/- per share ) goes to the Company, not to existing shareholders.
The purchases by Mr Pathirana ( @ 21 /- ) is through his money. He won't benefit ditectly through this transaction ,as implied by you.

I have thanked you for showing this. I feel sortry about you.

salt · 46 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 2:37 pm

salt

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@econ wrote:

@RIO wrote:

@ashlee wrote:Its a business conglomerate... One of my lecturers said few years back that Pathirage wants SHL to be right next to JKH.. I don't think he will leave his angel to go astray..

Trying to = with JKH is a Day dream of Damn Pathirage...even VONE cant come close to JKH in terms of credibility & reputation...!What a MR Pathirage...!

I dont think JKH is a credible company anymore.. JKH capital CT capital are the promoters of unethical IPOs of Expo and Softlogic.. and the JKH capital head Balendra try to defend his pricing on Expo too.
unfortunately this guy is the CSE chairman now.

THis is now. did you forget LMS & SAGT dramas?

pradeeptha_007 · 47 Re: Pathirage bought 5.6 million shares Fri Jul 15, 2011 11:00 am

pradeeptha_007

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another 876000 share @ 24.20

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Pathirage bought 5.6 million shares

41 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 11:11 am

Genting

42 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 12:20 pm

pradeeptha_007

43 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 1:09 pm

godswen

44 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 1:14 pm

seyon

45 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 2:33 pm

salt

46 Re: Pathirage bought 5.6 million shares Thu Jul 14, 2011 2:37 pm

salt

47 Re: Pathirage bought 5.6 million shares Fri Jul 15, 2011 11:00 am

pradeeptha_007

48 Re: Pathirage bought 5.6 million shares

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