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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RISHAN HAS SOLD 10 MILLION SHARES OF PCH TO THE PUBLIC TODAY

RISHAN HAS SOLD 10 MILLION SHARES OF PCH TO THE PUBLIC TODAY

+9
sajeethk
StocksWatch
chamith
mission
rijayasooriya
smallville
invest-abc
ranga
sirimevan
13 posters

Go down  Message [Page 1 of 1]

sirimevan

sirimevan
Manager - Equity Analytics
Manager - Equity Analytics

http://www.cse.lk/cmt/upload_cse_announcements/2891313754641_.pdf
Why did he sell shares of his own company?
Should we buy then when the owner dispose the quantity to the public?
What does this mean?
Does it mean that he has no faith in his own company?
Share your comments please

ranga


Senior Equity Analytic
Senior Equity Analytic



http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/

as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..

invest-abc


Manager - Equity Analytics
Manager - Equity Analytics

ranga wrote:

http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/

as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..

I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

invest-abc wrote:
ranga wrote:

http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/

as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..

I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.

Nimal has bought only 5% or 10Mil of Rishan's holding, I heard other 10Mil was bought by DJ.. Now we know Nimal is not an investor unlike DP. So I'm also yet to find out whether he's already dumped at a 2-3 rupees profit.. If so we're in trouble..

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

smallville wrote:
invest-abc wrote:
ranga wrote:

http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/

as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..

I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.

Nimal has bought only 5% or 10Mil of Rishan's holding, I heard other 10Mil was bought by DJ.. Now we know Nimal is not an investor unlike DP. So I'm also yet to find out whether he's already dumped at a 2-3 rupees profit.. If so we're in trouble..

I do not know whether it is true or not but according to Marketinvest he has dumped.

http://forum.srilankaequity.com/t8652-nimal-perera-alone-brought-10m5-of-pch-shares#58604

mission


Manager - Equity Analytics
Manager - Equity Analytics

smallville wrote:
invest-abc wrote:
ranga wrote:

http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/

as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..

I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.

Nimal has bought only 5% or 10Mil of Rishan's holding, I heard other 10Mil was bought by DJ.. Now we know Nimal is not an investor unlike DP. So I'm also yet to find out whether he's already dumped at a 2-3 rupees profit.. If so we're in trouble..

@Smallville

He has dumped it. here's the link.

Nimal exits PCH at Rs.12.5mn capital gain

http://print.dailymirror.lk/business/127-local/53660.html

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Luckily i excited with some profit and did some day trading with profits too.

But the question is why did Mr Rishan misguide the public by saying Dilith J also brought PCH. This shows the intention of their media campaign.

Since retailers brought the 10 million shares, this increases the pch share circulation. More supply in the market. Therefore ultimately this would negatively affect the share price even if we take off the panic selling effect.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Way to go Wink

At latter part of trading hours after 11 I think, adding insult to the injury, DFN messed the portfolios by not highlighting the nwly bought shares on the portfolios, needless to say I even missed to house keep the quantities and shares I dealt today..

I'm skepticle to know whether this has been an organised crime regarding the PCH deal Wink

Also as Chamith said, what was the intention of Rishan's to misguide the public? Well its a strategic thinking as he knows DJ is the new kid on the block and proved to be a real pumper of shares.. he hee.. This is the real faces of scumbags in SL. Though PCH is taking very good names to the management cadre still the gilmarts are goin on Wink

Wow.. we're at mercy.. as no laws to punish the misguidence of such public interest with false information..

This is a game and we're just the pawns of it..

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

This share is not even worth 18 to me. Now that the public holding has been increased, this will have more pressure as supply on the trading floor is higher.

sajeethk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

still gambling with Rishan and NP. they talk and did that to get some profit both the person.

limestone

limestone
Manager - Equity Analytics
Manager - Equity Analytics

there should be a rule for "Crossed" shares . they should not be allowed to resale for at least one week from the date of crossing .

shanaka

shanaka
Equity Analytic
Equity Analytic

Can any one explain is PCH is gd for holding, I bought at 22.5 or early dump is good with some loss

themask

themask
Manager - Equity Analytics
Manager - Equity Analytics

If Rishan tried to sell that to the public then the share price goes down and he would not be able to sell at 20. Then he involved NP and DJ and ultimately both the parties got some profit.
After NP dumped his shares, now DJ says that he didn't buy although Rishan told so. Funny eh! Very Happy

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

CSE need investments for the ASI to go up. Actually, not so funny for those who buy speculative stocks, they suffer losses

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