PCH Disaster

dineshfernando · 1 PCH Disaster Fri Mar 15, 2013 10:19 am

dineshfernando

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Now trading at Rs.3/=. Do you think it's a good price to enter?

Rishan having huge margin loans to settle. This may be the true reason for rights issue and they just put it as working capital requirement.

It's a shame for the directors begging for money to settle their personal loans.

Anyway, I think at 3/=, it's good for trading.

Gaja · 2 Re: PCH Disaster Fri Mar 15, 2013 10:23 am

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now its 2.90/=

sahan8896 · 3 Re: PCH Disaster Fri Mar 15, 2013 10:26 am

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when retailers loose money from these crap shares and warrents it's a desaster for overall market.

rainmaker · 4 Re: PCH Disaster Fri Mar 15, 2013 10:31 am

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Problem with low price is gain/loss becomes massive. So volume per trade drops as a risk in a large position goes up.

With people who have small volumes, they don't care and sell at any price. Big volume guys care about the price. So the price becomes more volatile and has to be supported.

Arena · 5 Re: PCH Disaster Fri Mar 15, 2013 10:34 am

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I dont think this is a good time to enter. there will be short term opportunities for sure. But this can go to 2 or even 1.50 with this black mark and i dont think Rishan will have the required money to participate for the right ? They may have other plans in mind since he has The apparel company also. Better watch the drama and learn from it.

2.50 may be a good pick for today. but i think it will touch 2 with in next 2 weeks.

Slstock · 6 Re: PCH Disaster Fri Mar 15, 2013 10:35 am

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Rishan has lost nearly in a single day (about Rs 125 million ) what he needs to subscribe for the right issue

All of the right issue money ( if this gets subscribed) will not be collected from holders. Over 50% has to come from Rishan own money.

How can he buy now with his margin calls worser?

dineshfernando wrote:
Rishan having huge margin loans to settle. This may be the true reason for rights issue and they just put it as working capital requirement.

It's a shame for the directors begging for money to settle their personal loans.

Btw the drop was expected and mentioned in another thread but dropping to Rs 3 and now below in a single fay shows how much the retailers are worried bout PCH.

Whats next CIFL right issue?

Last edited by slstock on Fri Mar 15, 2013 10:55 am; edited 1 time in total

Redbulls · 7 Re: PCH Disaster Fri Mar 15, 2013 10:53 am

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All of you are fooling yourself, Rishan already made huge profit on IPO and after the price went up he sold his stakes and re-bought when it came down.
So crying for Rishan's loss meaning less.
I need to appreciate handful of guys warning about this share from the start.
What they said, materialised today. Well said.
CSE need pigs a lot.

keeper · 8 Re: PCH Disaster Fri Mar 15, 2013 10:55 am

keeper

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Waiting....Not buy this moment.... price will move down further....Within next week we can buy Rs1.00-2.00

traderathome · 9 Re: PCH Disaster Fri Mar 15, 2013 10:57 am

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dineshfernando wrote:Now trading at Rs.3/=. Do you think it's a good price to enter?

Rishan having huge margin loans to settle. This may be the true reason for rights issue and they just put it as working capital requirement.

It's a shame for the directors begging for money to settle their personal loans.

Anyway, I think at 3/=, it's good for trading.

wait for the whole drama to unfold.......dont buy now let the noise subsidise Laughing

No · 10 Re: PCH Disaster Fri Mar 15, 2013 10:58 am

No

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meka atharala danna.Wena shares 200 ganak thiyanawa

seek · 11 Re: PCH Disaster Fri Mar 15, 2013 11:07 am

seek

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Other than Rishan, there are two people who lost their business or reputation because of PCH.
1. MW’s reputation.
2. Rehan. He lost his business due to PCH campaign.

Redbulls · 12 Re: PCH Disaster Fri Mar 15, 2013 11:11 am

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Still MW is god for the gamblers. Bull trend starts MW again be a star for our next round CSE pigs.

Slstock · 13 Re: PCH Disaster Fri Mar 15, 2013 11:13 am

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Mr MW made his money from PCH. Some people say he is a great analyzer, Maybe.
But he also seems to be a greater promoter who know how to push the shares he bought at the right time? RS 100 targets for PCH in a few years was mentioned at times ;-)

seek wrote:Other than Rishan, there are two people who lost their business or reputation because of PCH.
1. MW’s reputation.
2. Rehan. He lost his business due to PCH campaign.

traderathome · 14 Re: PCH Disaster Fri Mar 15, 2013 11:21 am

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I was never ever comfortable with PCH......

Sometimes you need to go by your inner feelings.......and not to look for charts etc know Razz

TAH

sureshot · 15 Re: PCH Disaster Fri Mar 15, 2013 11:40 am

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traderathome wrote:I was never ever comfortable with PCH......

Sometimes you need to go by your inner feelings.......and not to look for charts etc know

TAH

atlast......u said inner feelings mmmmm

Slstock · 16 Re: PCH Disaster Fri Mar 15, 2013 11:46 am

Slstock

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Yes at time I felt TAH is strictly going by chart patterns.

sureshot wrote:

traderathome wrote:I was never ever comfortable with PCH......

Sometimes you need to go by your inner feelings.......and not to look for charts etc know

TAH

atlast......u said inner feelings mmmmm

rainmaker · 17 Re: PCH Disaster Fri Mar 15, 2013 11:48 am

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Did you check out the Citrus Leisure disclosure. Private firm selling to listed firm. Cool

The Alchemist · 18 Re: PCH Disaster Fri Mar 15, 2013 12:03 pm

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rainmaker wrote:Did you check out the Citrus Leisure disclosure. Private firm selling to listed firm.

Frankly, i dont see anything wrong with it. actually the other way around. Private Firm (George Steuarts) buying listed firm (REEF) stock. and DJ is common director. No big deal ?

Slstock · 19 Re: PCH Disaster Fri Mar 15, 2013 12:05 pm

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George Stuarts company is listed firm ?

rainmaker wrote:Did you check out the Citrus Leisure disclosure. Private firm selling to listed firm.

rainmaker · 20 Re: PCH Disaster Fri Mar 15, 2013 12:09 pm

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Sorry I must have thought it was GSF

gamaya · 21 Re: PCH Disaster Fri Mar 15, 2013 9:12 pm

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Redbulls wrote:All of you are fooling yourself, Rishan already made huge profit on IPO and after the price went up he sold his stakes and re-bought when it came down.
So crying for Rishan's loss meaning less.
I need to appreciate handful of guys warning about this share from the start.
What they said, materialised today. Well said.
CSE need pigs a lot.

And the bloody NP guy did his part in that. I hope we remember these foe a long time.

BTW I remember seeing some directors selling PCH shares recently. Isn't this insider trading?

Arena · 22 Re: PCH Disaster Fri Mar 15, 2013 10:49 pm

Arena

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Rishan sold 10m at Rs 20 if i am not mistaken. Now he can bye 66m shares using that money through the right issue since lot of people will not participate. My goodness.................

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PCH Disaster

1 PCH Disaster Fri Mar 15, 2013 10:19 am

dineshfernando

2 Re: PCH Disaster Fri Mar 15, 2013 10:23 am

Gaja

3 Re: PCH Disaster Fri Mar 15, 2013 10:26 am

sahan8896

4 Re: PCH Disaster Fri Mar 15, 2013 10:31 am

rainmaker

5 Re: PCH Disaster Fri Mar 15, 2013 10:34 am

Arena

6 Re: PCH Disaster Fri Mar 15, 2013 10:35 am

Slstock

7 Re: PCH Disaster Fri Mar 15, 2013 10:53 am

Redbulls

8 Re: PCH Disaster Fri Mar 15, 2013 10:55 am

keeper

9 Re: PCH Disaster Fri Mar 15, 2013 10:57 am

traderathome

10 Re: PCH Disaster Fri Mar 15, 2013 10:58 am

No

11 Re: PCH Disaster Fri Mar 15, 2013 11:07 am

seek

12 Re: PCH Disaster Fri Mar 15, 2013 11:11 am

Redbulls

13 Re: PCH Disaster Fri Mar 15, 2013 11:13 am

Slstock

14 Re: PCH Disaster Fri Mar 15, 2013 11:21 am

traderathome

15 Re: PCH Disaster Fri Mar 15, 2013 11:40 am

sureshot

16 Re: PCH Disaster Fri Mar 15, 2013 11:46 am

Slstock

17 Re: PCH Disaster Fri Mar 15, 2013 11:48 am

rainmaker

18 Re: PCH Disaster Fri Mar 15, 2013 12:03 pm

The Alchemist

19 Re: PCH Disaster Fri Mar 15, 2013 12:05 pm

Slstock

20 Re: PCH Disaster Fri Mar 15, 2013 12:09 pm

rainmaker

21 Re: PCH Disaster Fri Mar 15, 2013 9:12 pm

gamaya

22 Re: PCH Disaster Fri Mar 15, 2013 10:49 pm

Arena

23 Re: PCH Disaster

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