anjelo wrote:ya i agree... company is crap... but people doesnt care about companies in CSE when it comes to manipulative shares... and i dont care cause SLIC has a hand in this so... they will not let the share go to crap and make a big loss!!!!
SLIC might've made a mistake in buying this, it could probably an investment gone wrong. So the million dollar question is; Do we need to get into a trap since SLIC has shares? LOL..
If share goes down SLIC cannot do anything abt it
I think by buying 11 Mil shares from ECL what BAT wanted was to appoint few juniors in to diretorship of BLUE
http://www.cse.lk/cmt/uploadAnnounceFiles/6681313397475_663.pdf
So by selling 7.9Mil shares @ 8 BAT incurred ard a 15mil loss, so they should buy ard 4 to recover it
Lets recpa few important announcements made;
Sub Divition of shares and Stated capital reduction from 1 bil to 208 Mil, Voting shares 103.3 Mil, Non voting 153.36 Mil;
http://www.cse.lk/cmt/uploadAnnounceFiles/7411327487037_663.pdf
BAT sold 7.9 Mil shares @ 8 in August 2011 (Capital loss ard 15 Mil rupees)http://www.cse.lk/cmt/uploadAnnounceFiles/7441332739436_663.pdf
BAT bought 11Mil shares (10.65%) @ 10 in August 2011;
http://www.cse.lk/cmt/uploadAnnounceFiles/791312527435_663.pdf
ECL sold 11.Mil Shares in August 2011 @ 10 (BAT bought it);
http://www.cse.lk/cmt/uploadAnnounceFiles/7411312526992_663.pdf
SLIC bought 13.1Mil shares (12.70%) @ 10 in June 2011;
http://www.cse.lk/cmt/uploadAnnounceFiles/9131308820492_663.pdf
ECL bought 13.67Mil Shares (13.24%) in June 2011
http://www.cse.lk/cmt/uploadAnnounceFiles/3601307604039_663.pdf