WHY VPEL WAS SOLD BY THE FOREIGNER

RPPA · 1 WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 9:28 am

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Yesterday Asia Energy Management Systems Inc (A subsidiary of a US based company) has exited from VPEL @ 6.60 after holding for almost 5 years. Which they bought @ 5/- per share.

Only Rs.1.60 per share plus dividends after holding for 5 years.

Strange isn't it. So why did they bought VPEL at that time & why they sold out now,

Actually they bought VPEL for carbon credits as their original business is with diesel power plants.

So to set of the negative impact with Carbon credits.

Sources say that in US now they have sold all those plants. And so they don't need to hold on to VPEL.

So that is the reason they have sold out VPEL.

GroundedKestrel · 2 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 9:43 am

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Now what then? Would there be an announcement?

SHARK aka TAH · 3 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:12 am

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6.50-6.10 are prices to re-enter, waiting further updates.
i think some could not collect the required qtys Very Happy

SHARK aka TAH · 4 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:15 am

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too much sellers around 7 probably out of yesterday 27mil lot most doing the selling .... so much safe to re-enter, unless something extraordinary.
so far 2.3mil qty sld around 7, and sure some more waiting

SHARK aka TAH · 5 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:17 am

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4.4 mil sold probably incl @6.9 Very Happy

Gainer · 6 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:19 am

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Dr. Senthilverl buys over 8% stake in Vallibel Power, US firm sells 21% stake

High net worth but low-profile investor Dr. T. Senthilverl yesterday acquired over 8% stake in Vallibel Power Erathna Plc for over Rs. 660 million as a longstanding foreign shareholder exited.
Vallibel Erathna saw 187.6 million shares changing hands via 1,505 trades for Rs. 1.245 billion. The number of trades confirms the retail and high net worth investor play on the stock.
Of the quantity traded 85 million shares and 74 million shares changed hands at Rs. 6.60. Dr. Senthilverl previously held 3.6 million shares in the company as at 30 September 2014.
The seller was longstanding shareholder Asia Energy Management Systems Inc, a US-based firm with interests in the power sector in Asia and the Middle East. It also enjoyed two board seats. As at 30 September 2014, Asia Energy held 160 million shares of 21.4% stake in Vallibel Power which is controlled by business leader Dhammika Perera with over 60% stake.

http://www.ft.lk/2014/11/05/dr-senthilverl-buys-over-8-stake-in-vallibel-power-us-firm-sells-21-stake/

TuskerLK · 7 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:20 am

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SHARK aka TAH wrote:6.50-6.10 are prices to re-enter, waiting further updates.
i think some could not collect the required qtys

I doubt prices coming down below 6.50. Dr's deals are made through Margin A/c, which means if the value of the portfolio falls below the cost, he will have to face margin calls. therefore its highly likely that 6.50 becomes the undeclared floor price for VPEL, at least in Short - medium term. isn't it.

Anyway if the prices come down to the levels you indicated I'll be in definitely.

SHARK aka TAH · 8 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:23 am

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If sold 21% docca bought 8% who bought the balance ... any idea Very Happy

SHARK aka TAH · 9 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:25 am

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TuskerLK wrote:

SHARK aka TAH wrote:6.50-6.10 are prices to re-enter, waiting further updates.
i think some could not collect the required qtys

I doubt prices coming down below 6.50. Dr's deals are made through Margin A/c, which means if the value of the portfolio falls below the cost, he will have to face margin calls. therefore its highly likely that 6.50 becomes the undeclared floor price for VPEL, at least in Short - medium term. isn't it.

Anyway if the prices come down to the levels you indicated I'll be in definitely.

few cents wont matter, we are talking about a maxxa of 50c like from docca cost price Very Happy

SHARK aka TAH · 10 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:29 am

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Deffa this is not the price to reenter GK n Tinyman Very Happy

6.5 is one stop a more prefer 6.1 for me lets see i may be wrong

TuskerLK · 11 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:30 am

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Gainer wrote:Dr. Senthilverl buys over 8% stake in Vallibel Power, US firm sells 21% stake

High net worth but low-profile investor Dr. T. Senthilverl yesterday acquired over 8% stake in Vallibel Power Erathna Plc for over Rs. 660 million as a longstanding foreign shareholder exited.
Vallibel Erathna saw 187.6 million shares changing hands via 1,505 trades for Rs. 1.245 billion. The number of trades confirms the retail and high net worth investor play on the stock.
Of the quantity traded 85 million shares and 74 million shares changed hands at Rs. 6.60. Dr. Senthilverl previously held 3.6 million shares in the company as at 30 September 2014.
The seller was longstanding shareholder Asia Energy Management Systems Inc, a US-based firm with interests in the power sector in Asia and the Middle East. It also enjoyed two board seats. As at 30 September 2014, Asia Energy held 160 million shares of 21.4% stake in Vallibel Power which is controlled by business leader Dhammika Perera with over 60% stake.

http://www.ft.lk/2014/11/05/dr-senthilverl-buys-over-8-stake-in-vallibel-power-us-firm-sells-21-stake/

So who bought the balance 14% shares held by Asia Energy?, is it with retailers now, if that is the case VPEL has public float over 25% now.

Invest-Wise · 12 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:31 am

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SHARK -
other quantities I heard yesterday went to a few investors....in small %. and market absorbed. One of my friends also collected 1.8 million shares. like that there would have been quite a few.

Octopus · 13 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:05 am

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Ok, now everything is clear.
So I got rid of my 6.60 orders.
Its good that I took my profits @ 7.70 and stay away and let Tho'ru Mo'ru fight.
I knew some one big would take profits. Because VPEL is hovering around Rs 6 for years and years.
If the public float is high, Will it be like PAP???

you should never ever board the train unless otherwise know the reason. My gut feeling people gamble yesterday will have to wait for some time now.

TuskerLK · 14 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:12 am

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Octopus wrote:Ok, now everything is clear.
So I got rid of my 6.60 orders.
Its good that I took my profits @ 7.70 and stay away and let Tho'ru Mo'ru fight.
I knew some one big would take profits. Because VPEL is hovering around Rs 6 for years and years.
If the public float is high, Will it be like PAP???

you should never ever board the train unless otherwise know the reason. My gut feeling people gamble yesterday will have to wait for some time now.

Congrats, Impressive instincts. PAP publich float is over 66%. Since Dammika Perera controls over 60% its highly unlikely becoming like a PAP

SHARK aka TAH · 15 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:17 am

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Invest-Wise wrote:SHARK -
other quantities I heard yesterday went to a few investors....in small %. and market absorbed. One of my friends also collected 1.8 million shares. like that there would have been quite a few.

impressive, i could have collected more, but due to funding delays i missed ..... so eagerly waiting for the funds to be in ...... hopeful this week then i can buy Very Happy

SHARK aka TAH · 16 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:20 am

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yesterdays deal on normal board screwed up whole sentiment for VPEL... it was on path for an 8+

anyway i take this as an opportunity to collect further at lower levels.

6.50/6.60 or 6.10 thats the question....

lots of selling @7

SHARK aka TAH · 17 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:27 am

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MetroCrop & Srilanka Fund would have been in the list Very Happy

Last edited by SHARK aka TAH on Wed Nov 05, 2014 11:36 am; edited 1 time in total

SHARK aka TAH · 18 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:28 am

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By the way who is this Srilanka Fund Very Happy

Octopus · 19 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:29 am

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SHARK aka TAH wrote:yesterdays deal on normal board screwed up whole sentiment for VPEL... it was on path for an 8+

anyway i take this as an opportunity to collect further at lower levels.

6.50/6.60 or 6.10 thats the question....

lots of selling @7

exactly......! this is the time board should intervene and make better decisions.
Dhummika perera needs some good folks not crooks.

Octopus · 20 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:36 am

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Octopus wrote:

SHARK aka TAH wrote:yesterdays deal on normal board screwed up whole sentiment for VPEL... it was on path for an 8+

anyway i take this as an opportunity to collect further at lower levels.

6.50/6.60 or 6.10 thats the question....

lots of selling @7

exactly......! this is the time board should intervene and make better decisions.

VALUEPICK · 21 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:54 am

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Still lot of stocks have not adjusted to the current major uptrend despite they have more value than broader market. There can be minor reactions when they see less than expected quarterly results, when somebody sells etc. This is not a bear market and these types of minor reactions create opportunities for those who can read major uptrend. Buying and selling is individual decisions. Some have specific reasons to buy and sell stocks. Some will buy and sell stocks after seeing one or two quarter results. They don't see coming bigger picture specially in a bull market. I believe by the end of the day stocks which had minor reactions yesterday will go up or will close flat today.

I can remember there was heavy foreign and local selling on COMB when it was trading around Rs.110/- one of the best picks in the current major uptrend at that time. Now it is trading around Rs.170/. It is time to identify next wining stocks in the coming favourable industries. Good luck!

SHARK aka TAH · 22 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 12:59 pm

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One Reason of More SELL around 7/- would be yesterday collection @6.60

Could be more of a Short Term Trade to book profit, assuming 6.50 slide .....

Lets see how they play .....

VALUEPICK · 23 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 1:27 pm

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As there are different types of players in the stock market volatility is not abnormal. We had these types of things in this market still stock prices went up when they form their uptrend. As long as major uptrend is there even if stocks prices fall due to minor reactions they will go up again. For example there were minor reactions for stocks such as LIOC, KAPI, REXP, and TAFL as well. Later they passed their most important psychological barriers. VPEL is one of the interesting stocks to watch in the market.Good luck!

SHARK aka TAH · 24 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 1:33 pm

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Thanks VP for your valuable advise

Dhehan · 25 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 1:49 pm

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VP
Nice explanation

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WHY VPEL WAS SOLD BY THE FOREIGNER

1 WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 9:28 am

RPPA

2 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 9:43 am

GroundedKestrel

3 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:12 am

SHARK aka TAH

4 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:15 am

SHARK aka TAH

5 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:17 am

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6 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:19 am

Gainer

7 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:20 am

TuskerLK

8 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:23 am

SHARK aka TAH

9 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:25 am

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10 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:29 am

SHARK aka TAH

11 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:30 am

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12 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 10:31 am

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13 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:05 am

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14 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:12 am

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15 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:17 am

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16 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:20 am

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17 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:27 am

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18 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:28 am

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19 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:29 am

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20 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:36 am

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21 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 11:54 am

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22 Re: WHY VPEL WAS SOLD BY THE FOREIGNER Wed Nov 05, 2014 12:59 pm

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