COMB 1,000,000 shares

lakymahesh · 1 COMB 1,000,000 shares Thu Apr 28, 2011 7:02 pm

lakymahesh

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some1 bought 1,000,000 shares of Commercial bank today at around 1400pm any idea who ? it shows in my CDax trade history . . . .
A transaction worth of 265ml is that possible ? who sold it in the first place for some 1 to buy . . . . . .

npc86 · 2 Re: COMB 1,000,000 shares Thu Apr 28, 2011 7:08 pm

npc86

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Mate,
Combank crossing of 01mn shares at 265/=
You or me cant touch this..! Smile

2011_NewComer · 3 Re: COMB 1,000,000 shares Thu Apr 28, 2011 7:10 pm

2011_NewComer

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lakymahesh wrote:some1 bought 1,000,000 shares of Commercial bank today at around 1400pm any idea who ? it shows in my CDax trade history . . . .
A transaction worth of 265ml is that possible ? who sold it in the first place for some 1 to buy . . . . . .

That is called a crossing

This thread may be helpful about crossings
http://forum.srilankaequity.com/t2852-help-what-is-crossing Smile

Chinwi · 4 Re: COMB 1,000,000 shares Fri Apr 29, 2011 11:06 am

Chinwi

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COMB price in 1970s was around 17/- and a gentleman working as a clerk in Colombo bought 100 shares with his 6 months savings.

He had a little kid , a girl, and his wife was not doing a job. He could not continue any investment activities thereafter, due to financial commitments.

After many years, his holding in COMB rose to few 1000s ( I think about 7000 / 9000 ) because of regular 1 : 1 / 1:2 yearly bonus given at that time.

In 1990s he got retired and 2 years later, this retired clerk took his daughter's wedding in Hotel Intercontinental with the cost of 200,000/- and he gave her about 600,000/- to her as the dowry ( a very big amount at that time) ; surprising all the relatives and friends around him.

He did all this BY SELLING HIS COMB shares he bought for 1,700.00 years ago.

( This is a true story , I cannot remember the exact figures)

milanka · 5 Re: COMB 1,000,000 shares Fri Apr 29, 2011 11:27 am

milanka

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Great - True Story on Advantages of long term holding !! , Thanks for Sharing .. Chinvi..

kuk83 · 6 Re: COMB 1,000,000 shares Fri Apr 29, 2011 2:42 pm

kuk83

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Chinwi wrote:COMB price in 1970s was around 17/- and a gentleman working as a clerk in Colombo bought 100 shares with his 6 months savings.

He had a little kid , a girl, and his wife was not doing a job. He could not continue any investment activities thereafter, due to financial commitments.

After many years, his holding in COMB rose to few 1000s ( I think about 7000 / 9000 ) because of regular 1 : 1 / 1:2 yearly bonus given at that time.

In 1990s he got retired and 2 years later, this retired clerk took his daughter's wedding in Hotel Intercontinental with the cost of 200,000/- and he gave her about 600,000/- to her as the dowry ( a very big amount at that time) ; surprising all the relatives and friends around him.

He did all this BY SELLING HIS COMB shares he bought for 1,700.00 years ago.

( This is a true story , I cannot remember the exact figures)

Nice story.thanx