Foreigners are collecting CFLB...

econ wrote:

Gaja wrote:at the present levels i am very interested in JKH, SPENCE, COMM, NDB, SAMPATH, RICH & GLASS TO name a few, but i dump the money for UB IPO

I would buy NTB ,seylan or NDB instead of Union bank IPO.
seems to me UB is not undervalued at banking sector(but that does not mean it may not up the price) .
I think UB guys just list few shares in to the market to increase its price. they already had massive private placements before the IPO. this is another trick of these companies.. just list small number of shares as IPO and very large number of shares of private placement just before the IPO.

compare with UB IPO price , NTB ,Seylan,NDB banks are way ahead..

Gaja wrote:

econ wrote:

Gaja wrote:at the present levels i am very interested in JKH, SPENCE, COMM, NDB, SAMPATH, RICH & GLASS TO name a few, but i dump the money for UB IPO

I would buy NTB ,seylan or NDB instead of Union bank IPO.
seems to me UB is not undervalued at banking sector(but that does not mean it may not up the price) .
I think UB guys just list few shares in to the market to increase its price. they already had massive private placements before the IPO. this is another trick of these companies.. just list small number of shares as IPO and very large number of shares of private placement just before the IPO.

compare with UB IPO price , NTB ,Seylan,NDB banks are way ahead..

In my personal opinion NDB was the most under valued share in the BFI sector. I am may be wrong but i am holding it as a long term investment

econ wrote:

Gaja wrote:

econ wrote:

Gaja wrote:at the present levels i am very interested in JKH, SPENCE, COMM, NDB, SAMPATH, RICH & GLASS TO name a few, but i dump the money for UB IPO

I would buy NTB ,seylan or NDB instead of Union bank IPO.
seems to me UB is not undervalued at banking sector(but that does not mean it may not up the price) .
I think UB guys just list few shares in to the market to increase its price. they already had massive private placements before the IPO. this is another trick of these companies.. just list small number of shares as IPO and very large number of shares of private placement just before the IPO.

compare with UB IPO price , NTB ,Seylan,NDB banks are way ahead..

In my personal opinion NDB was the most under valued share in the BFI sector. I am may be wrong but i am holding it as a long term investment

Yes NDB is one of a best counter in banking..
their NPL ratio is also quite small.

ShareShares wrote:Some thing very interesting is going on in shares like SPEN, JKH, CFLB, and COMB. Those shares were heavily traded these days. Please let the others know if there is any special news about these transactions.

Gaja wrote:dmjesua if it is possible kindly check and let me know the foreign sell & buy of spence

Gaja wrote:shares like NDB, JKH, SPENCE, SAMPATH, COMM, HAYL to run we need fund managers, institutional investors, or heavy net wealth individual involvement needed. I think they keep out of the market or they purposely keep it at these price in order to increase their holding, because on some shares there was frequent Crossing almost everyday. I am also try to find out the buyer of Spence Shares today, but up to now it was failure

dmjesua wrote:Today around 12% of Foreign purchasing is CFLB.
Total= 118,603,395Rs
CFBL= 14,150,000Rs (if we consider average price as 500/=)