PCH investment or gamble?

Takecharge · 26 Re: PCH investment or gamble? Fri Jul 12, 2013 5:50 pm

Takecharge

Manager - Equity Analytics

Posts : 221
Join date : 2012-11-06

I gambled and made no profit with this, and i sold and bought some blue chip company stock instead.

hariesha · 27 Re: PCH investment or gamble? Fri Jul 12, 2013 6:10 pm

hariesha

Vice President - Equity Analytics

Posts : 1058
Join date : 2011-03-14

PCH raised Rs.343, 000,000.00 via the rights issue in May 2013. Share has lost 60% of the value since then.

But the amount raised through the rights is worth the current share price. But I don't know what they have done with the rights money.

But Dr. T will not buy into without knowing. SEC and CSE should declare more information to the public as who has bought the rights etc., as it's highly unlikely that retailers were bought even 5% of the rights.

Next question is who sold the shares today? If it's not Rishan then the share is in a good footing now, as 35m shares have taken off the free float.

VISA · 28 Re: PCH investment or gamble? Fri Jul 12, 2013 6:25 pm

VISA

Senior Manager - Equity Analytics

Posts : 396
Join date : 2012-04-20

ccsentha wrote:Dr has bought 10.25% of PCH
http://www.cse.lk/cmt/upload_cse_announcements/5441373627438_.pdf

pls tell me who sold ?
is this from this transaction he gone over 10 % ? (out of 343 million)
what about the right issue ?

what are the companies Dr.T is largest shareholder ?
it is only vll and semb only

this is look like more than gambling (28 Mar 2013 ft report)
http://www.ft.lk/2013/03/28/ravi-wijeratne-appointed-to-board-of-smb-leasing/

Redbulls · 29 Re: PCH investment or gamble? Fri Jul 12, 2013 6:49 pm

Redbulls

Director - Equity Analytics

Posts : 6053
Join date : 2012-02-14

VISA wrote:
pls tell me who sold ?

@ this moment I (sure) can say only that Mr.Rishan sold his stake. (Seems to be margin account clearing)

m2_yapa · 30 Re: PCH investment or gamble? Fri Jul 12, 2013 6:52 pm

m2_yapa

Senior Manager - Equity Analytics

Posts : 432
Join date : 2011-06-01

mata nikam manchchan wage. yanda one dr hamba wela 2k katha karanda. Cifl tikak ehema ganda adahasak nadda kiyala dana ganda.
hods hoda sellam eli wena jameta kewalu. dan ithin mekath thawath SEMB ekakma wei.

Slstock · 31 Re: PCH investment or gamble? Fri Jul 12, 2013 7:04 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13386
Reputation : 1158
Join date : 2011-01-22

I too am dying to know who subscribed for rights.

The story some Indian is going to subscribe to right seems to be not correct as foregin holding did not increase ( unless some hanky panky indirect game )

So much for simple straight forward business with clear management plans.

Due to Rishans PCH games , OGL and PCP , PCHH all got effected. This is what happens when one tries to outsmart the market with playing trading games and not concentrating in genuinely developing the company.

Dr S entry is interesting. Maybe he bought for assets ( other than inventory?)

anges · 32 Re: PCH investment or gamble? Fri Jul 12, 2013 7:24 pm

anges

Assistant Vice President - Equity Analytics

Posts : 749
Equity Stars : 5059
Reputation : 25
Join date : 2012-12-04

good luck with this junk

rainmaker · 33 Re: PCH investment or gamble? Sat Jul 13, 2013 1:50 pm

rainmaker

Assistant Vice President - Equity Analytics

Posts : 914
Equity Stars : 6250
Reputation : 45
Join date : 2013-02-06

m2_yapa wrote:mata nikam manchchan wage. yanda one dr hamba wela 2k katha karanda. Cifl tikak ehema ganda adahasak nadda kiyala dana ganda.
hods hoda sellam eli wena jameta kewalu. dan ithin mekath thawath SEMB ekakma wei.

you want his number ?

Slstock · 34 Re: PCH investment or gamble? Wed Aug 14, 2013 12:58 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13386
Reputation : 1158
Join date : 2011-01-22

1) Hope , the below people have exited long time ago.

http://forum.srilankaequity.com/t8307-will-pch-hit-32-again
Rishan is going down with the sinking ship? Selling everyday?

2) Did Rishan also kill/drag 2 other perfectly good companies along with this saga.
Would their share price be what it is now , if not for PCH/PCHH ;-)