What's going on with OGL?

ddindika · 1 What's going on with OGL? Tue Sep 17, 2013 3:50 pm

ddindika

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Heavily traded today.. Question

Captain · 2 Re: What's going on with OGL? Tue Sep 17, 2013 7:39 pm

Captain

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Adams investments has bought 10% of OGL's stated capital (at the price of Rs 6.50 ) from the Dynaris Holding as published in CSE.

I think gud investment for them

Arena · 3 Re: What's going on with OGL? Tue Sep 17, 2013 7:45 pm

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Who is the owner of Adam??????????
RIshan bought it at 21 per share. My goodness..........I cant believe this.

OGL is a good garment still. But under Rishan's management it is becoming worse day by day. Balance sheet strength is deteriorating every quoter.

Redbulls · 4 Re: What's going on with OGL? Tue Sep 17, 2013 7:51 pm

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Arena wrote:Who is the owner of Adam?

Adam Investments controlled by Dr. Gulamhusein and Danushya Mediwake Wethasinghe has Adam Apparels Ltd., Adam Metals Ltd, Network Communications Ltd., Adam Automobiles Ltd. and Adam Air Conditioners Ltd.
Source:http://forum.srilankaequity.com/t30532-adam-investments-buys-21-of-pch-holdings-for-rs-42-m#180660

Captain · 5 Re: What's going on with OGL? Tue Sep 17, 2013 7:56 pm

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I think OGL's run is soon will be

Arena · 6 Re: What's going on with OGL? Tue Sep 17, 2013 8:25 pm

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Thanks Redbulls.

m2_yapa · 7 Re: What's going on with OGL? Tue Sep 17, 2013 10:15 pm

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Captain wrote:I think OGL's run is soon will be

Hey Captain i know who you are !

Do not give this kind of promotion

m2_yapa · 8 Re: What's going on with OGL? Tue Sep 17, 2013 10:25 pm

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http://deleted/index.php/component/k2/item/1740-sri-lanka,-china-to-close-free-trade-deal-colombo

But above post may impact the performance of the share in CSE in near future. But again i am telling you it MAY!

Redbulls · 9 Adam Investments buys 10% of Orient Garments Wed Sep 18, 2013 12:36 am

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Adam Investments yesterday acquired a 10% stake in Orient Garments for Rs. 30 million.

The stake amounting to 5.5 million shares was done at Rs. 5.50 each.

Overall Orient Garments, which is part of the troubled PCH Group, saw 9.6 million shares traded for Rs. 53 million. Net asset value per share of Orient is Rs. 12.

Adam Investments’ investment in Orient Garments is said to be strategic whilst it also has interests in the same industry via Adam Apparels. The latter has been in the industry for over three decades and in June this year June, 2013 Adam Apparels launched its state-of-the-art design centre that is equipped to cater to international market standards.

Adam Group Chairman is Dr. Ali Asger Shabbir Gulamhusein.

As at June 2013, PCH Holdings held a 51% stake in Orient Garments whilst the second largest shareholder was Dr. T. Senthilverl with a 14% stake.

The acquisition into Orient Garments comes two weeks after Adam Investments bought a 21% stake in PCH Holdings for Rs. 42 million. Prior to that in August, British American Technologies bought a 24% stake in PC Pharma as well.

In the June 2013 quarter Orient Garments reported a loss of Rs. 52 million, up from a Rs. 27 million loss a year earlier. In the financial year ended on 31 March 2013, the Group’s post tax profit was Rs. 52 million.
http://www.ft.lk/2013/09/18/adam-investments-buys-10-of-orient-garments/

Captain · 10 Re: What's going on with OGL? Wed Sep 18, 2013 10:27 pm

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i didn't invoved with any such promotions Yapa, i only told that based on following factors using my professional knowledge, (If u thing this as a promotion don't even read this)

- It was bought at discounted price (compared with thier Net Assets) by Adams Investment during last few days.

- will generate profits in future with surport of the adam investments, as thier already in the apperal industry (Adams Aperals).

- Adam Investments might collect further from the market as thier already bought considerable quantity with a discounted price.

This is only my ideas, u also think and get a decision.

Please do your own study before buying any stock. This is not a any recommendation for buying/selling/holding any stock!