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

» Price prediction on GRAN and TAFL
by nigma Today at 10:17 am

» DIPD/HAYC/HAYL
by Trading Jockey Today at 9:32 am

» is it a good time to sell expo shares
by Kipling Today at 8:39 am

» Current 2021 Februray Unit Trust/Unit Fund Per Annum percentages
by agentnrox Today at 8:13 am

» UNHCR එකේ ලොකූ ටෝක දැම්මට සමහර ඔස්තාර් ලා කියන ආර්තික සම්භාදක අරවා මේවා මුකුත් එන්නේ නැ
by judecroos Today at 7:42 am

» Leading brokers causing market downturn
by Mithooshan Today at 7:40 am

» GLAS will be winner with Super Gain.
by Eranga87 Today at 2:56 am

» Must watch this video - unnecessary panic
by Jana Today at 1:03 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by learningthemarket Today at 12:03 am

» Daily Foreign Transactions
by Mr. X Yesterday at 11:28 pm

» Fall seven times, stand up eight.What happened, has happened. Free your mind from it. Stock market for beginners
by Asoka Samarakone Yesterday at 9:21 pm

» RICHARD PIERIS EXPORTS PLC (REXP.N0000)
by කොටස් වෙළඳපොළ2020 Yesterday at 9:06 pm

» Unscripted daily drama.Traders are uncertain whether to buy or sell. Stock market for beginners
by Jayashantha Yesterday at 8:40 pm

» SRI LANKA TELECOM PLC (SLTL.N0000)
by KingKong Yesterday at 7:35 pm

» ACCESS ENGINEERING ( AEL.N )
by subash81 Yesterday at 7:01 pm

» OVERSEAS REALTY (CEYLON) PLC (OSEA.N000)
by Captain Yesterday at 5:49 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by judecroos Yesterday at 2:40 pm

» LITE.R - STOP THE MADNESS
by Big Bull Yesterday at 12:59 pm

» RHL - CSE's most undervalued stock?
by Promoney Yesterday at 12:09 pm

» Sunshine holding future potential
by keen Yesterday at 10:37 am

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™ » pch stake bought greg?

pch stake bought greg?

Go to page : Previous  1, 2

Go down  Message [Page 2 of 2]

21pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 7:48 pm

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@NimeshaJK wrote:so one more question.. Question

why would anyone buy pch at 22 when it's trading at around 9.50?

or does crossing have some other meaning ..???

9.50?? where?

it should be 19.50

The answer is simple. If someone trys to buy 21mn from the open market, the share price will shoots up significantly. So, its better to buy from a single seller even at a little premium.

22pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 8:13 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@cse_investor wrote:I sincerely hope some people have learned a lesson last time round. I have no hope though, next week there'll be a dozen people in this forum crying foul play because they lost money.
\

But some smart ppl could earn money during the play time. Entry and Exit time would decide your profit or loss. Will try to follow hunter's techniques.

23pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 8:49 pm

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
21mn is less than 10%. Hence whoever bought, does not have to disclose to CSE.

Also, the only person who could sell that much is Rishan.

So, lets wait and see...

24pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 9:06 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Genting wrote:21mn is less than 10%. Hence whoever bought, does not have to disclose to CSE.

Also, the only person who could sell that much is Rishan.

So, lets wait and see...

If the seller was the director, then disclosure need be come, without the fact of 10%

25pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 9:36 pm

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Gaja wrote:

If the seller was the director, then disclosure need be come, without the fact of 10%

good point.

But still, seller can stay without mentioning who is the buyer.. right?

26pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 9:43 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Genting wrote:
@Gaja wrote:

If the seller was the director, then disclosure need be come, without the fact of 10%

good point.

But still, seller can stay without mentioning who is the buyer.. right?

Yes of course

27pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 9:47 pm

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Genting wrote:
@Gaja wrote:

If the seller was the director, then disclosure need be come, without the fact of 10%

good point.

But still, seller can stay without mentioning who is the buyer.. right?

I think if seller is rishan .. buyer shd come out .. bcz if it is only seller update defa (Mostly) PCH will reach 15- bcz will leave the faith over the company ...

same thing if seller is like GREG / NP or Dilith .. no need to wonder this may go beyond 23 even Smile

28pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 9:52 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
I guess a subsidiary(50%,50%) of both APPLE inc and DELL computers bought the 1mn block

29pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 10:41 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chabbi wrote:
@Genting wrote:
@Gaja wrote:

If the seller was the director, then disclosure need be come, without the fact of 10%

good point.

But still, seller can stay without mentioning who is the buyer.. right?

I think if seller is rishan .. buyer shd come out .. bcz if it is only seller update defa (Mostly) PCH will reach 15- bcz will leave the faith over the company ...

same thing if seller is like GREG / NP or Dilith .. no need to wonder this may go beyond 23 even Smile

As per the broker, lionheart bought PCH and sold it GREG and warrants. He did not confirm the buyer of GREG and seller of PCH. There is no chance Rishan is the only one has this much of qty, I guess sometime these two parties exchange their shares.

Just look at the value of parcel crossed of GREG and PCH

PCH 21Mn@ 22 = 462Mn

GREG 4.5Mn @ 68 = 306Mn
GREG.W2 5Mn@ 32.6 = 163Mn
Total = 469Mn.

30pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Fri Sep 09, 2011 11:39 pm

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@seyon wrote:
@Chabbi wrote:
@Genting wrote:
@Gaja wrote:

If the seller was the director, then disclosure need be come, without the fact of 10%

good point.

But still, seller can stay without mentioning who is the buyer.. right?

I think if seller is rishan .. buyer shd come out .. bcz if it is only seller update defa (Mostly) PCH will reach 15- bcz will leave the faith over the company ...

same thing if seller is like GREG / NP or Dilith .. no need to wonder this may go beyond 23 even Smile

As per the broker, lionheart bought PCH and sold it GREG and warrants. He did not confirm the buyer of GREG and seller of PCH. There is no chance Rishan is the only one has this much of qty, I guess sometime these two parties exchange their shares.

Just look at the value of parcel crossed of GREG and PCH

PCH 21Mn@ 22 = 462Mn

GREG 4.5Mn @ 68 = 306Mn
GREG.W2 5Mn@ 32.6 = 163Mn
Total = 469Mn.


Hi Seyon Bro aftr couple of days met u Smile

Bro i juss check foreign holding of PCH .... thr is no any huge difference Smile Pls let me know if GREG bought is it goes as Foreign or Local ??? Since GREG Major holder is foreign ?? But Im bit sure its not directly Lion Heart bought PCH .. bcz thn Foreign Holding shd increase Smile

31pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sat Sep 10, 2011 1:00 am

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
In a seemingly mutually beneficial deal, ERI’s parent and PC House bought stakes in each other yesterday whilst overall investor interest on the two also boosted turnover.
ERI’s controlling shareholder Lionhart shed 1.5% stake or 4.5 million shares in ERI at Rs. 68 each as well as 5 million warrants at Rs. 32.60 each to PC House for Rs. 469 million. In turn PCH House major shareholder M. Rishan sold 9.6% stake or 22 million shares in the company to Lionhart at Rs. 22 each in a deal worth Rs. 486 million. The two counters overall accounted for slightly over 30% of the day’s turnover. PC House saw 28.5 million of its shares traded for Rs. 611.25 million whilst ERI saw 6 million of its shares traded for Rs. 414 million.

PC House share price rose by 30 cents or 1.55% to close at Rs. 19.70 after hitting a peak of Rs. 20.60. ERI purchase was done via crossing of 21.1 million at Rs. 22 each whilst the ERI block too was traded via crossing. The share price of Environmental Resources increased by Rs. 3.20 (4.75%) and closed at Rs. 70.10.
PC House embedded Information Technology sector was the main contributor to the market turnover and the sector index increased by 1.71%. The price index of Investment Trusts sector, under which ERI trades, dipped by 1.85%.
NDB Stockbrokers said ASPI and MPI closed marginally in red while for the week the ASPI declined by 0.11% and the MPI gained 0.80%. Yesterday turnover improved to Rs. 3.34 billion, up from Rs. 2.9 billion on Thursday.
Vallibel One saw nearly 7 million of its shares traded for Rs. 201.4 million whilst Blue Diamonds accounted for Rs. 163 million with 13.58 million shares traded and Renuka Agri produced Rs. 162 million turnover on account of 21.47 million shares traded.
United Motors (UML) traded actively which also was accompanied by a notable price appreciation of 12.45% (Rs. 19.20). A volume of 773,100 shares transacted during the day. UML closed at Rs. 173.40 for the day.
SC Securities said Foreign buying and selling was almost on par with each other with foreign sales amounting to Rs. 599.70 million against foreign purchases of Rs. 595.10, resulting in a marginal net foreign outflow of Rs. 4.6 million.

32pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sat Sep 10, 2011 1:27 am

Market Sucker

Market Sucker
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
DP knew this for sure in advance Suspect

33pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sat Sep 10, 2011 7:47 am

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chabbi wrote:
@seyon wrote:
@Chabbi wrote:
@Genting wrote:
@Gaja wrote:

If the seller was the director, then disclosure need be come, without the fact of 10%

good point.

But still, seller can stay without mentioning who is the buyer.. right?

I think if seller is rishan .. buyer shd come out .. bcz if it is only seller update defa (Mostly) PCH will reach 15- bcz will leave the faith over the company ...

same thing if seller is like GREG / NP or Dilith .. no need to wonder this may go beyond 23 even Smile

As per the broker, lionheart bought PCH and sold it GREG and warrants. He did not confirm the buyer of GREG and seller of PCH. There is no chance Rishan is the only one has this much of qty, I guess sometime these two parties exchange their shares.

Just look at the value of parcel crossed of GREG and PCH

PCH 21Mn@ 22 = 462Mn

GREG 4.5Mn @ 68 = 306Mn
GREG.W2 5Mn@ 32.6 = 163Mn
Total = 469Mn.


Hi Seyon Bro aftr couple of days met u Smile

Bro i juss check foreign holding of PCH .... thr is no any huge difference Smile Pls let me know if GREG bought is it goes as Foreign or Local ??? Since GREG Major holder is foreign ?? But Im bit sure its not directly Lion Heart bought PCH .. bcz thn Foreign Holding shd increase Smile

My Guess is rights,i guess this might be strategic deal between both parties , Both parries are major shareholder in respective companies. Lionheart & PCH planning to dump to some of their stake to our innocent retailers. If these parties dumping directly, then confidence of these two shares is question among the investors. So this transaction would be the tool to dump of their shares easily.

So be careful with these two shares.

34pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sat Sep 10, 2011 9:23 am

Genting


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@seyon wrote:

My Guess is rights,i guess this might be strategic deal between both parties , Both parries are major shareholder in respective companies. Lionheart & PCH planning to dump to some of their stake to our innocent retailers. If these parties dumping directly, then confidence of these two shares is question among the investors. So this transaction would be the tool to dump of their shares easily.

So be careful with these two shares.

Yep it seems like that's what there planning to do.

Will they sell above their purchased prices?
But how? these are big quantities and if they directly dump, prices get dilute.

35pch stake bought greg? - Page 2 Empty How ethical is the PCH deal??? Sat Sep 10, 2011 10:20 am

invest-abc


Manager - Equity Analytics
Manager - Equity Analytics
"ERI’s controlling shareholder Lionhart shed 1.5% stake or 4.5 million shares in ERI at Rs. 68 each as well as 5 million warrants at Rs. 32.60 each to PC House for Rs. 469 million. In turn PCH House major shareholder M. Rishan sold 9.6% stake or 22 million shares in the company to Lionhart at Rs. 22 each in a deal worth Rs. 486 million. The two counters overall accounted for slightly over 30% of the day’s turnover."

Based on the deal Rishan sells 9.6% stake in PCH and PCH buys ERI shares.

Seller - Rishan
Buyer - PCH

If Rishan was so keen to buy ERI then he him self could have bought ERI shares with the proceeds received from the disposal....Why did he purchase through PCH???...I think he is reducing his stake in PCH at the expense of other PCH shareholders...

36pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sat Sep 10, 2011 12:25 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
NO.. the way I see it; this is same as Rishard selling 10% to NP last time for immediate disposal.. It's a deal which can be red as "Win-win" most of the time..
Both shares can go up or at least PCH can go up in the short run for this news as the normal crowd take is as a good move Wink...

37pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sun Sep 11, 2011 12:10 am

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@invest-abc wrote:"ERI’s controlling shareholder Lionhart shed 1.5% stake or 4.5 million shares in ERI at Rs. 68 each as well as 5 million warrants at Rs. 32.60 each to PC House for Rs. 469 million. In turn PCH House major shareholder M. Rishan sold 9.6% stake or 22 million shares in the company to Lionhart at Rs. 22 each in a deal worth Rs. 486 million. The two counters overall accounted for slightly over 30% of the day’s turnover."

Based on the deal Rishan sells 9.6% stake in PCH and PCH buys ERI shares.

Seller - Rishan
Buyer - PCH

If Rishan was so keen to buy ERI then he him self could have bought ERI shares with the proceeds received from the disposal....Why did he purchase through PCH???...I think he is reducing his stake in PCH at the expense of other PCH shareholders...

I think ur saying Rishan & ERI Exchanged there shares ???

I Dont think so .. i think ERI Bought PCH from Rishan & Dumped W to the mkt ???

Do u think Rishan Bought GREG from Lion Heart ?? I Don't think so

38pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sun Sep 11, 2011 9:50 am

Dikrukshi

Dikrukshi
Stock Analytic
Stock Analytic
Hay.. i reliable know who bought PCH...

Dil... J..... has bought this shares..

But i dot know the implication of this.. but it ll hit at least 24-25 very soon..

collect and KEEP until then... k

cherrzzzz!!

39pch stake bought greg? - Page 2 Empty Re: pch stake bought greg? Sun Sep 11, 2011 12:02 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Actually this was anticipated for a long time. The main business of the warrant factory is selling warrants, isn't it? which was at zero cost to them. This is their only revenue generator. Mark my words, this is just the beginning of a massive disposal from lionhart.

Initially uk based Lioahart fund thought SL to be the land of the apes. Now they have teamed up with a fitting accomplice. Now the news reads as PC house bought Greg Shares and warrants. And PC house does not need to disclose it when they dump these shares,warrants to retailers, which is what is going to happen.

As a return of the favour Lionhart has bought PCH shares at highprice. Which Rishan can collect at 18,17 after sometime. This plus some other favours maybe there, we dont know.

Definitely a win-win for both these. So for two big guys to win big, some body has to lose big..... That's going to be us, smallfish.

Sponsored content


Back to top  Message [Page 2 of 2]

Go to page : Previous  1, 2

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