Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» lOFC definitely will hit 6/-
by Teller Today at 12:33 am

» PAP (Pan Asia Power PLC) Apointiment of Director Mr.Sangith Senaka Kakiriwargodage.
by Teller Today at 12:31 am

» MGT - Collect n keep
by Teller Today at 12:30 am

» EMER...?????
by Teller Today at 12:26 am

» CIND , 10% guaranteed return
by Teller Today at 12:25 am

» SEC charges four stockbrokers over market manipulation
by Teller Today at 12:25 am

» Browns investments
by Winner123 Yesterday at 9:35 pm

» ASHO will hit moon. Deal with SLTB
by Bakka1988 Yesterday at 9:11 pm

» CIND බලාගෙනයි
by Bakka1988 Yesterday at 9:03 pm

» JKH will touch 175 very soon
by Bakka1988 Yesterday at 3:24 pm

» Positive News
by Promoney Yesterday at 2:21 pm

» Why AAIC Should trade above RS.50/-
by nosf76677 Yesterday at 2:01 pm

» GLASS (piramal glass ceylon plc) from
by MarketWch Yesterday at 10:20 am

» Capital trust recommended to buy AEL ..Target Price Rs.24.50
by wisdom79 Yesterday at 9:27 am

» Elcection Commisioner( MACO)
by Capton KIng Cool Yesterday at 8:59 am

» Presidential election will be held on 16 th of November to 7th of December
by rukshan1234 Mon Aug 19, 2019 11:30 pm

» Which Trading System Or Strategy Is The Most Profitable?
by Teller Mon Aug 19, 2019 8:13 pm

» NEST will touch Rs2000 soon
by Bakka1988 Mon Aug 19, 2019 5:41 pm

» Gotabaya Rajapaksha will named after 10th August. Aspi will move above 6500
by samaritan Mon Aug 19, 2019 11:59 am

» CFVF.N0000 - Target price Rs.60- Donnt sell
by Trader321 Mon Aug 19, 2019 10:06 am

» CFVF.N0000 - Really started Again ..........
by Trader321 Mon Aug 19, 2019 9:59 am

» LOLC Holding( LOLC N.0000)
by Capton KIng Cool Mon Aug 19, 2019 8:45 am

» LOLC Holding( LOLC N.0000) MICRO FINACE In Cambodia
by Capton KIng Cool Mon Aug 19, 2019 8:43 am

» PAN ASIA BANK
by samaritan Mon Aug 19, 2019 8:17 am

» CFVF.N0000 - Deal at What price?
by Winner123 Fri Aug 16, 2019 8:35 pm

» Profitability of all the banks slides down on bigger margins
by hammurabi Fri Aug 16, 2019 8:25 pm

» කව්ද පකීර් ?(who is the Veteran)
by reyaz Fri Aug 16, 2019 7:32 pm

» News AEL super report in this quarter Don't sell ..
by sheildskye Fri Aug 16, 2019 6:59 pm

» HEXP : GOOD TO COLLECT BELOW RS.85
by Trader321 Fri Aug 16, 2019 10:20 am

» CFVF.N0000 :Amazing Result- Quarter Profit more than Half Billion
by Winner123 Thu Aug 15, 2019 12:43 pm

» Kzoo vs onal
by wisdom79 Wed Aug 14, 2019 9:45 pm

» GREG is back
by wisdom79 Wed Aug 14, 2019 9:42 pm

» AAIC - Profit over one billion!!!!!
by wisdom79 Wed Aug 14, 2019 9:39 pm

» Sri Lankan Billionaire Dhammika Perera may Spend Rs. 10 Billion for a Presidential Campaign without any Risk! His Daily Casino Profits said to be over Rs. 50 Million
by Teller Wed Aug 14, 2019 8:40 am

» CFVF : Another dividend ?
by Promoney Tue Aug 13, 2019 7:28 pm

» CFVF.N0000 & PARQ.N0000 - These two counters Must be in your Portfolios
by Trader321 Tue Aug 13, 2019 6:39 pm

» PARQ.N0000 : Target Price Rs. 50 /=
by Hewagak Tue Aug 13, 2019 5:01 pm

» TAP Less than 1% Shares in the Market
by sanjulanka Tue Aug 13, 2019 12:10 pm

» AEL PRICE TUESDAY
by Winner123 Tue Aug 13, 2019 12:09 pm

» what is the future of KHL (JOHN KEELES HOTELS)
by bhanu Mon Aug 12, 2019 9:03 pm

» TKYO.X0000 will it move furthur?
by bhanu Mon Aug 12, 2019 5:00 pm

» stock market investors and cheated those who approached them.
by Asoka Samarakone Mon Aug 12, 2019 10:14 am

» LLMP can run in present market
by wealth123 Mon Aug 12, 2019 10:03 am


You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Loss-Loss Game - Lionhart shed's PCH stake at a loss

Loss-Loss Game - Lionhart shed's PCH stake at a loss

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
Apr 30, 2012 (LBT) - UK based Hedge Fund Lionhart Investments Ltd which made a considerable debut in far back 2009 post war booming Sri Lanka with a US $ 7.6 million investment in Environmental Resources Investments PLC (ERI) (GREG) shed its stake in Lankan PC assembler PC House Holdings (PCH), sources familiar with the deal told LBT.

Monday market saw several parcels of PCH changing hands in the blocks of 50,000 and 200,000 and 250,000 whilst two large parcels of 6,367,459 and 7 million shares changed hands at a price range of Rs.6 to Rs.6.20 per share from 10:01:24 a.m. Buyer is believed to be PCH Chairman Saheedul Hijiry Mohamed Rishan according to analysts.

Early September 2011, 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 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.

Meanwhile in early February market witnessed PCH Chairman Rishan selling his stake of GREG and its warrants at a loss amounting to Rs.340 million according to market analysts.

Many analysts argue although prestige financial newspaper media reports outlined that time the PCH and Lionhart were in a Win-Win Deal in September 2011 now it has become a Loss-Loss Deal on 2012.
http://lbt.lk/stock-market/deals/1748-loss-loss-game

http://sharemarket-srilanka.blogspot.co.uk/

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Interestingly their losses are also almost same(Rs 341 Mn to 350Mn ) Mn.This will have a big hit on their profits.

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Guys now be careful, Brokers will promote this share for short term gain.

Asoka Samarakone


Expert
Expert

Early September 2011, 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 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.
Meanwhile in early February market witnessed PCH Chairman Rishan selling his stake of GREG and its warrants at a loss amounting to Rs.340 million according to market analysts.
Many analysts argue although prestige financial newspaper media reports outlined that time the PCH and Lionhart were in a Win-Win Deal in September 2011 now it has become a Loss-Loss Deal on 2012.
updates www.lbt.lk

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Posts merged.

Sponsored content


Back to top  Message [Page 1 of 1]

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