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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)
by THUWA Today at 8:23 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by ONTHEMONEY Today at 8:15 pm

» Most Undervalued Shares
by cheetah Today at 8:04 pm

» CHRISSWORLD THE IPO
by jaya Today at 6:33 pm

» Amendments to be incorporated into Colombo Port City Bill – GL
by samaritan Today at 4:07 pm

» KGAL - THE SLEEPING GIANT
by THASSIM Today at 2:34 pm

» hospital sector
by cheetah Today at 1:51 pm

» ACCESS ENGINEERING ( AEL.N )
by samaritan Today at 1:14 pm

» GLAS will be winner with Super Gain.
by Eranga87 Today at 12:36 pm

» BOGA heating .....
by Thushara Ayya Today at 11:12 am

» Haycarb’s bottom line likely to boost with Tesla’s electric vehicles push worldwide (HAYC)
by MarketWch Today at 6:27 am

» First capital holdings CFVF.N0000
by SL-INVESTOR Yesterday at 9:11 pm

» CONTRADICTARY statements BY BUYER & SELLER RE: MGT & GREG
by GHERATH72 Yesterday at 9:02 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 4:27 pm

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by shihan 93 Yesterday at 1:16 pm

» Sunshine holding future potential
by Zahara khan Yesterday at 12:43 pm

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by CHRONICLE™ Yesterday at 7:27 am

» The market changes fast; it is OK to get out when you feel it is right and take the profits that you can. Stock market for beginners
by Asoka Samarakone Sun May 16, 2021 10:04 pm

» Ban of chemical fertilizers is a great news
by dayandacool Sun May 16, 2021 9:50 pm

» Economic Uncertainty Drives Crypto Growth in Sri Lanka
by CHRONICLE™ Sun May 16, 2021 9:23 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ASHO - Price Band

ASHO - Price Band

Go to page : 1, 2, 3  Next

Go down  Message [Page 1 of 3]

1ASHO - Price Band Empty ASHO - Price Band Tue Feb 15, 2011 4:54 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
In terms of the SEC directive dated 14th September 2010, a 10% price band has been imposed on ASHO.N.0000 with effect from 18th February 2011 to 11th March 2011 (both days inclusive).

ASHO dropped dramatically in the morning. Some one collected 448,300 shares for 1000/-. Don't know who was the lucky guy. I was able to collect few at 1500/- level.

2ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:05 pm

mark

mark
Expert
Expert
if i had money...............mmmmmmmmmmmmmm.................
also it is not a crossing.....who is that desperate seller...............

3ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:10 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
what?

how did i miss this

Crying or Very sad

I even had money Sad

well not 400 million but i would have bought a bit at 1500

4ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:10 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
I too placed an order for at 1525 ( i wanted go lower but the system didn't allow me said the price was outside the accepted range). Then all of a sudden, the price plummeted to 1000. So how come those orders went through? Does the SEC allow big players to place orders at any price but not retailers? Aren't they supposed to create a level playing field?

Because of this drastic price drop, I panicked and sold mine soon as a small profit could be made. Heck that was still about 60% above the days low. Who would have thought the price would go up another 800. This is just crazy. Crazier than the palm oil drama that was played out over the last three days.

5ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:13 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@mark wrote:if i had money...............mmmmmmmmmmmmmm.................
also it is not a crossing.....who is that desperate seller...............

Even I didn't have money. But I sold my some other shares and bought it. Very Happy

6ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:13 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
From the looks of it this will head back upto 3K + no reason not to.

7ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:26 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Look at this, Open, Close, High and Low are 1,525.00 2,383.30 2,500.00 1,000.00

That's 150% difference between the high and the low. But the close is a mere 117 rupees below the open. Is it any wonder that foreign funds are getting out? Even the Bangladeshi market is not so erratic



Last edited by tubal on Tue Feb 15, 2011 6:31 pm; edited 1 time in total (Reason for editing : typo)

8ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:30 pm

mark

mark
Expert
Expert
the seller incur loss of approximately (448300*2033)(difference between previous close and traded price)=991Mn..............why he did that?

9ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:31 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@tubal wrote:Look at this, Open, Close, High and Low are 1,525.00 2,383.30 2,500.00 1,000.00

at's 150% difference between the high and the low. But the close is a mere 117 rupees below the open. Is it any wonder that foreign funds are getting out? Even the Bangladeshi market is not so erratic

no no, this is some foreigner dumping in a hurry and some of our guys collecting.

asho just posted an EPS of 188 why the hell should anyone be in a hurry to sell this stock Question

it just doesn't make sense to me Suspect

10ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:32 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Perpetual Capital (Pvt) Ltd has bought 448,300 shares at 1000/- Shocked

http://www.cse.lk/cmt/upload_cse_announcements/6271297775306_.pdf

11ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:35 pm

mark

mark
Expert
Expert
@Monster wrote:
@mark wrote:if i had money...............mmmmmmmmmmmmmm.................
also it is not a crossing.....who is that desperate seller...............

Even I didn't have money. But I sold my some other shares and bought it. Very Happy


the problem was i had already used my buying power on HVA at that time,what to do,my bad.......mmmmmmmmmmmm

12ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:36 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Monster wrote:Perpetual Capital (Pvt) Ltd has bought 448,300 shares at 1000/- Shocked

http://www.cse.lk/cmt/upload_cse_announcements/6271297775306_.pdf
But no indication as to who the seller is. It has to be one of these three:

Lanka Leyland Ltd 1,512,500 1,512,500 41.77 41.77
L S I Perera 1,008,505 998,205 27.85 27.57
Ashok Leyland Ltd 1,008,332 1,008,332 27.85 27.8

The fourth biggest shareholder (the CTB) has only 31,250 shares

13ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:39 pm

mark

mark
Expert
Expert
@tubal wrote:
@Monster wrote:Perpetual Capital (Pvt) Ltd has bought 448,300 shares at 1000/- Shocked

http://www.cse.lk/cmt/upload_cse_announcements/6271297775306_.pdf
But no indication as to who the seller is. It has to be one of these three:

Lanka Leyland Ltd 1,512,500 1,512,500 41.77 41.77
L S I Perera 1,008,505 998,205 27.85 27.57
Ashok Leyland Ltd 1,008,332 1,008,332 27.85 27.8

The fourth biggest shareholder (the CTB) has only 31,250 shares

but why sold at such a low price.........is there is anything what we don't know.............

14ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:43 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Monster wrote:Perpetual Capital (Pvt) Ltd has bought 448,300 shares at 1000/- Shocked

http://www.cse.lk/cmt/upload_cse_announcements/6271297775306_.pdf

so who sold, i can't see any sudda on the share holder list.

Lanka Leyland Ltd
L S I Perera
Ashok Leyland Ltd

those are the top share holders.

is ASHOk only worth 1000? surely they're worth more. And isn't this a foreign company? so why does the daily CSE report say foreign buying was only 200MN

15ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:47 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Perpertual capital is a local company isn't it? Foreign selling is high because someone sold 1.5 million shares of CTEA. So the seller for ASHO definitely has to be one of these three.

16ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 6:56 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
i don't know whether it was an agreed transfer

17ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 8:37 pm

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Perpetual Capital is a local company, related to Free Lanka group and Thurston Investments (Aloysious family). They seem to have got a real sweetheart deal on this ASHO transaction at a virtual give-away price of Rs1,000.

Don't think the seller was foreign - only major foreign shareholder is Ashok Leyland of India, and can't see them doing something so silly or being pressed for cash.

Speculation is that L.S.I. Perera was the seller, and that it may have been margin call. Large seller was quoted on board at around Rs2,000 early in the morning - unconfirmed reports that NDB Stockbrokers were on sell side.

Looks like extremely poor execution on the part of the selling broker, whoever it was - given strong results of ASHO, and positive outlook, they really should been able to get much better than Rs1,000. Whose interests were the selling broker looking after I wonder ?

18ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 9:07 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
cse.alpha, I think you identified the seller correctly. However are you sure this is a margin call? It's listed as just LSI Perera in the top share holders list instead of margin provider/LSI perera

19ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 9:11 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
i'm just going to assume that this is some dumb indian that got screwed over epically

20ASHO - Price Band Empty Re: ASHO - Price Band Tue Feb 15, 2011 9:25 pm

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Whoever the dumb seller.. we must thank him. Smile

This price band and give us a good opportunity to collect @ low..
In my opinion ASHO surely worth more than current price..

Lets hope more dumb sellers panic sell on friday.. Cool



Last edited by monash on Tue Feb 15, 2011 9:27 pm; edited 1 time in total

Sponsored content


Back to top  Message [Page 1 of 3]

Go to page : 1, 2, 3  Next

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