An article of interest to investors...!

mark · 1 Re: An article of interest to investors...! Tue Mar 29, 2011 7:41 am

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Director and single largest individual shareholder of Lanka Ashok Leyland Plc’s Saliya Perera on Sunday night passed away in a private hospital after being admitted for a heart ailment.
Daily FT learns that Perera, a self-made entrepreneur and investor, got a heart attack and was rushed to the hospital, and all efforts to resuscitate him failed. Sad

thanks anu for sharing...........

a person who got things by his effort and dedication cannot bear such a rude manner............ Sad

Slstock · 2 Re: An article of interest to investors...! Tue Mar 29, 2011 7:43 am

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anu wrote:This puts us in perspective what margin trading can do to a person....!

http://www.ft.lk/2011/03/29/seylan-bank-dumped-lanka-ashok-fame-shareholder-director-saliya-perera-passes-away/

Though we do not know this for sure, this transaction would have been heart breaking for him. Maybe it did effect him in his condition.

I read in the article he is a nice gentlemen who used to keep a low profile. May you rest in peace Mr Perera

Max · 3 Re: An article of interest to investors...! Tue Mar 29, 2011 8:07 am

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Rest in Peace.....

tubal · 4 May justice be done upon LSI Perera's killers Tue Mar 29, 2011 8:18 am

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Anu, thank for sharing but I think you ought to change the title.

Also that pathetic FT is more concerned about white washing the margin provider than reporting the truth. It has many blatant innacuracies for example: 'The 12% stake sale by Seylan Bank, at Rs. 1000 per share, lower by Rs. 650 or 21% from its last closing price on 21 January'

anu · 5 Re: An article of interest to investors...! Tue Mar 29, 2011 8:26 am

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tubal wrote:Anu, thank for sharing but I think you ought to change the title.

Also that pathetic FT is more concerned about white washing the margin provider than reporting the truth. It has many blatant innacuracies for example: 'The 12% stake sale by Seylan Bank, at Rs. 1000 per share, lower by Rs. 650 or 21% from its last closing price on 21 January'

Done sir; sorry about it.

tubal · 6 Re: An article of interest to investors...! Tue Mar 29, 2011 8:27 am

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anu wrote:

tubal wrote:Anu, thank for sharing but I think you ought to change the title.

Also that pathetic FT is more concerned about white washing the margin provider than reporting the truth. It has many blatant innacuracies for example: 'The 12% stake sale by Seylan Bank, at Rs. 1000 per share, lower by Rs. 650 or 21% from its last closing price on 21 January'

Done sir; sorry about it.

Thank you very much for changing the title. But I was thinking of something like 'Murder at the WTC' or 'brokers kill their first victim' Crying or Very sad

Soundchips · 7 Re: An article of interest to investors...! Tue Mar 29, 2011 8:33 am

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It is with a great sorrow that I learned about passing away of a high net worth investor. My greatest sympathy to his family

Soundchips · 8 Re: An article of interest to investors...! Tue Mar 29, 2011 8:38 am

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When I post some thing on a website I always try not to hurt any investors feelings and very sensitive towards individual shares, these are very sensitive issues. I am grateful for the administration of this website for your maintenance of good ethical standards.

Slstock · 9 Re: An article of interest to investors...! Tue Mar 29, 2011 8:41 am

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tubal wrote:

anu wrote:

tubal wrote:Anu, thank for sharing but I think you ought to change the title.

Also that pathetic FT is more concerned about white washing the margin provider than reporting the truth. It has many blatant innacuracies for example: 'The 12% stake sale by Seylan Bank, at Rs. 1000 per share, lower by Rs. 650 or 21% from its last closing price on 21 January'

Done sir; sorry about it.

Thank you very much for changing the title. But I was thinking of something like 'Murder at the WTC' or 'brokers kill their first victim'

I share your sentiments Tubal and agree that the article is more focused on whitewashing th broker. But we cannot for sure say this transaction killed Mr Perera to go with "broker kills" part. Though I too feel it must have been heartbreaking for him.

No matter what they say I find it hard to believe they could not find a high networth to buy ASHO for more than Rs 1000.

Quibit · 10 Re: An article of interest to investors...! Tue Mar 29, 2011 9:11 am

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PERPETUAL CAPITAL seems to have taken Mr Saliya Perera to PERPETUITY!!

mark · 11 Re: An article of interest to investors...! Tue Mar 29, 2011 9:26 am

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tubal wrote:

anu wrote:

tubal wrote:Anu, thank for sharing but I think you ought to change the title.

Also that pathetic FT is more concerned about white washing the margin provider than reporting the truth. It has many blatant innacuracies for example: 'The 12% stake sale by Seylan Bank, at Rs. 1000 per share, lower by Rs. 650 or 21% from its last closing price on 21 January'

Done sir; sorry about it.

Thank you very much for changing the title. But I was thinking of something like 'Murder at the WTC' or 'brokers kill their first victim'

yes .........that is a good title(brokers kill their first victim),i saw you put a post at "MURDER AT ASHO" title also.........

essares · 12 Re: An article of interest to investors...! Tue Mar 29, 2011 9:39 am

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" Quibit wrote

PERPETUAL CAPITAL seems to have taken Mr Saliya Perera to PERPETUITY!!"

Very true statement.

May you rest in peace Mr Perera

maalinda · 13 Re: An article of interest to investors...! Tue Mar 29, 2011 9:43 am

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R.I.P Sir...

swan03 · 14 Re: An article of interest to investors...! Tue Mar 29, 2011 9:44 am

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May you attain Nibbana.

Academic · 15 Re: An article of interest to investors...! Tue Mar 29, 2011 10:49 am

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What ever we said and done, it is to live the life. It is a disaster, if investors have to lay down their life for debts. No civilized society would accept it.

May you Rest In Peace.

Monster · 16 Re: An article of interest to investors...! Tue Mar 29, 2011 11:06 am

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It's a sad news. I feel guilty as I am one of the person who collected few of his shares at discounted rate. May you rest in peace.

Slstock · 17 Re: An article of interest to investors...! Tue Mar 29, 2011 11:22 am

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Monster wrote:It's a sad news. I feel guilty as I am one of the person who collected few of his shares at discounted rate. May you rest in peace.

Well you were not involved in the scam and you did not know when you bought. Have a free mind.

No matter what selling at RS 1000 is sheer BS and saying they could not find a buyer above 1000 for a share tradign at Rs 2000+ is even more hardto believe. Who does not want easy 100% profit in a week. I gather Mr Perera was not a pushy character by what the article sasy so maybe the Margin Trader and Broker got off easy for this butchering. Situation like this is a shame for the "worlds best stock market" name.

Just to be fair, we do not know exactly his heart attack was due to this issue. It has a likely reason.

salt · 18 Re: An article of interest to investors...! Tue Mar 29, 2011 11:56 am

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Academic wrote:What ever we said and done, it is to live the life. It is a disaster, if investors have to lay down their life for debts. No civilized society would accept it.

May you Rest In Peace.

Agree with you.

Money making is not the life. We do whatever we do to have a better life for us and our loved once. But, we should also undertand that tnothing is perfect in the world and be open mind to accept the adversaries.

Good advice for all of us. Its not % gain all the time. Be prepared to accept greater loss in any time in whatever form.

anu · 19 The sequel..... In today's FT! Wed Mar 30, 2011 5:53 am

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Seylan Bank says had good relations with Saliya Perera

Published : 12:45 am March 30, 2011 | 14 views | No comments so far | An article of interest to investors...! Printer_famfamfam

An article of interest to investors...! Printer_famfamfam

Seylan Bank said yesterday it has had a good relationship with Saliya Perera, the Shareholder Director of Lanka Ashok Leyland, who passed away on Sunday after a heart attack.

A spokesman for the bank responding to the Daily FT’s exclusive article yesterday, said that Perera had been reminded about settling dues since 2009, whilst not only Lanka Ashok but several other stocks in his portfolio had been divested as and when required.
“We have followed all necessary procedures with regard to Perera’s portfolio and banking relations. He did continue to bank with us even after the part sale of Lanka Ashok Leyland stake. He has been aware of the commitments of both parties and we have had a cordial relationship overall,” the Seylan Bank spokesman added.
On 15 February Seylan Bank, to recover defaulted dues, sold a 12% stake in Ashok Leyland held by Perera out of a total 27.85% stake for Rs. 449.5 million or Rs. 1,000 per share, down by Rs. 650 or 21% from the stock’s previous closing on 21 January.
The 50-year old Perera, as reported in Daily FT yesterday, had a history of heart ailment and died on Sunday night after a fresh attack and efforts to resuscitate him at a private hospital failed.

Sad