JKH is to buy SINS????????

kelum · 1 JKH is to buy SINS???????? Tue Dec 27, 2011 4:00 pm

kelum

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Today there was a roumur on the floor that jkh is going to take over SINS.Please try check this and if there is more news please update us."This is not a promotion of sins".

Think9 · 2 Re: JKH is to buy SINS???????? Tue Dec 27, 2011 4:24 pm

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not JKH

aj · 3 Re: JKH is to buy SINS???????? Tue Dec 27, 2011 4:52 pm

aj

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Thanks for the tip. Looks like some big player wants to exit from the stock. Smile

Universalgoal · 4 Re: JKH is to buy SINS???????? Tue Dec 27, 2011 5:03 pm

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think9 shuld no something but dont like to revail ? if u know something pls share with us thanks think9

cseguide · 5 Re: JKH is to buy SINS???????? Tue Dec 27, 2011 5:46 pm

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This sins selling is now sometime on the cards. If some member know please share with us

Light of Hope · 6 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 8:12 am

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Think9 wrote:not JKH

please let us who, and impact on share

andy123 · 7 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 8:30 am

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JKH has given a offer to SINS in last month..But they had not agreed to that.I think now that condition different and They will acquire SINS very soon.With this I believe we'll be able to price moment in SINS in coming days

seyon · 8 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 8:31 am

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Foreign Fund Managers eyeing Sri Lanka’s John Keells Holdings controlling stake

Nov 26, 2011 (LBT) - A large number of foreign Fund Managers based in the United States, United Kindom, Singapore and Japan have paid recent visits to Sri Lanka with the intention of acquiring premier blue chip corporate conglomerate John Keells Holdings PLC, top market sources told LBT.

Some of the principle reasons for the proposed acquisition is that they are looking for a foothold in the South Asian region and the only option was to acquire some of the top blue chips here given the growth potential in the country and the growth potential of the market, sources said

What they are looking forward to, according to sources, was to acquire up to around 40% of the John Keells Holdings ,given the other top blue chips- Aitken Spence and Hayleys having a dominating shareholders who are virtually unwilling to part with it, they said.

It is most unlikely that the Harry Jayawardena controlled Distilleries which owns a 29% stake of leisure rich- diversified conglomerate Aitken Spence and the Dhammika Perera- controlled Hayleys would be divested but given that none of the members of the Main Board of Directors of premium blue chip John Keells Holdings have a controlling stake in it, has also not been lost on these Foreign Fund Managers who are attempting to acquire up to around 40% of the blue chip, the sources said.

One of the main factors which has stood in the way of the investors was that they believe that the share was overpriced. It is a great pity that no one evinced any interest in JKH at the time the price was a mere Rs. 66 at the time of the ending of the war, but in the aftermath of the landmark Supreme Court judgment of privatization Lanka Marine Services to JKH.

Also the fact that the Captain brothers Sohli and Rusi captain own over 40% of the conglomerate was also another stumbling block to the prospective Fund Managers who are hoping to make inroads into the local market.

However, the Captains have a trading portfolio and a holding portfolio as well and who knows, if they are willing to divest the trading portfolio, things could change, given the right price.

Unlike, Harry Jayawardena and Dhammika Perera, the Captains do not want to cling on to it, but they might sell at the right price, they pointed out.

Meanwhile, market sources also pointed out that John Keells Holdings was also one of the three prospective investors who were wanting to bid for Singer Asia and Singer Sri Lanka firstly on an all or nothing basis and then Singer Sri Lanka solely later, but the deal did not go through due to the price factor

http://www.lbt.lk/news/business/793-blooming-blue-chip-

aj · 9 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 8:47 am

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How reliable is the lbt.lk news? I never heard of it. There's not even an address in the site. Looks like a site made by somebody behind a broker hut.

Almost like 85% of the SINS is owned by the mother company in Netherlands. So if anybody wants to buy this company buying the other 15% won't do any good. If they buy the 85% then they already have the control. They can't buy that from the market.

John Keells is like Hayleys. These dead companies should close the business and pay out the investors. No business growth. Just the management cat fights. Waste of money.

DK · 10 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 11:52 am

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aj, you must be the smartest guy in the forum to figure out JKH and Hayleys are dead companies.

suddera · 11 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 2:02 pm

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aj wrote:How reliable is the lbt.lk news? I never heard of it. There's not even an address in the site. Looks like a site made by somebody behind a broker hut.

Almost like 85% of the SINS is owned by the mother company in Netherlands. So if anybody wants to buy this company buying the other 15% won't do any good. If they buy the 85% then they already have the control. They can't buy that from the market.

John Keells is like Hayleys. These dead companies should close the business and pay out the investors. No business growth. Just the management cat fights. Waste of money.

You got a valid point. on JKH & Hayles . Let's see How Hayles do under DP Basketball

seyon · 12 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 2:37 pm

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aj wrote:

John Keells is like Hayleys. These dead companies should close the business and pay out the investors. No business growth. Just the management cat fights. Waste of money.

DP should have consulted AJ before entering to Heyleys.... Now he is poor chap, He invested in dead company..

AJ weldone for ur best finding for 2011.....

salt · 13 Re: JKH is to buy SINS???????? Wed Dec 28, 2011 6:29 pm

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aj wrote:How reliable is the lbt.lk news? I never heard of it. There's not even an address in the site. Looks like a site made by somebody behind a broker hut.

Almost like 85% of the SINS is owned by the mother company in Netherlands. So if anybody wants to buy this company buying the other 15% won't do any good. If they buy the 85% then they already have the control. They can't buy that from the market.

John Keells is like Hayleys. These dead companies should close the business and pay out the investors. No business growth. Just the management cat fights. Waste of money.

SINS is the largest entity of Singer Intl. That was on sale for a long time, but nothing happened due to many factors one including the price. Some large international ( one Asia& one Middle East) were looking for it.