What is happenning with ASCO

opfdo · 1 What is happenning with ASCO Tue Feb 28, 2012 1:28 pm

opfdo

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1.6mn transaction. but it is not a crossing. Who is manipulating this. up by 40+

ROHAN · 2 Re: What is happenning with ASCO Tue Feb 28, 2012 2:34 pm

ROHAN

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asha @ clexx

kav4 · 3 Re: What is happenning with ASCO Tue Feb 28, 2012 7:31 pm

kav4

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Because of the match I did not looked at the market today.

So I missed a golden opportunity of selling my ASCO shares @ 52 weeks high price & also the match too lost.

sriranga

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Engineer turned entrepreneur Pasan Madanayake yesterday bought a strategic 20% stake in ASCOT Holdings for Rs. 368 million.

The purchase was via his newly-floated firm St. Louis Capital Ltd. Yesterday 1.85 million shares of ASCOT amounting to a 23% stake traded for Rs. 411 million.

Pasan had picked up the biggest block of 1.6 million shares (20.1% stake) that traded at Rs. 225 each in addition to a few more in a deal worth Rs. 368 million.

ASCOT figured in the top 10 gainers percentagewise as its share price closed up 16% or Rs. 28.60 to close at Rs. 206.40 whilst it hit an intra-day high of Rs. 225. The 1.85 million share volume saw 413 trades.

Pasan owns Amtrad, the leader in cement pavings and blocks, as well as Lanka Quarries, also a leader in its field.

Analysts viewed the investment as strategic as there were speculation that Pasan could be looking for synergies between ASCOT and his two companies.

The seller of the block was Rohan Iriyagolle, who previously controlled a 42% stake via Axis Financial Services. Following the sale, his stake has come down to 21%. The other major shareholder of ASCOT Holdings is deleted Perera with a stake of 20%.

deleted crossed the 20% threshold in January when he bought a 3.3% stake or 0.26 million shares at Rs. 150 level.
http://www.ft.lk/2012/02/29/pasan-madanayake-buys-20-stake-in-ascot-for-rs-368-m/

gamaya · 5 Re: What is happenning with ASCO Tue Mar 06, 2012 3:05 pm

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Seems like changing from left hand to right is continuing for quite a while. Lets see if they succeed.

traderathome · 6 Re: What is happenning with ASCO Tue Mar 06, 2012 6:27 pm

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gamaya wrote:Seems like changing from left hand to right is continuing for quite a while. Lets see if they succeed.

price should settle around 120-160 in the coming weeks or months.as this is in extreme overbought Very Happy

this could be a bull trap. so hold on to the money let the big dogs fight n we small puppies watch on.dont get trapped.when the prices fall it will be too painful Laughing

the 2nd leg attempt to form a double top reversal is a posibility please NOTE :all this is speculation. so you need to outthink here and wait for quiet period until the stocks reflect its true value around 70rs.

Last edited by traderathome on Tue Mar 06, 2012 6:34 pm; edited 1 time in total