Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang

sriranga

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Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Blue10

http://www.cse.lk/cmt/upload_cse_announcements/1321388055437_.pdf

Kithsiri

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What would be the likely impact on the stock of this disclosure ?

Redbulls

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Kithsiri wrote:What would be the likely impact on the stock of this disclosure ?

Some our wonderful members start to tell that "I said no?....". Still most of our CSE participant do not have own stratergy only looking for what Foreigners buying, so may be another fake bull run could be originated by Capital Trust. End result similar to GREG or REEF in 2011.

Kithsiri

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Redbulls wrote:

Kithsiri wrote:What would be the likely impact on the stock of this disclosure ?

Some our wonderful members start to tell that "I said no?....". Still most of our CSE participant do not have own stratergy only looking for what Foreigners buying, so may be another fake bull run could be originated by Capital Trust. End result similar to GREG or REEF in 2011.

Thanks.
You sum up it nicely. Very Happy

Leon

Leon

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Who is this Mr.Xia??

sriranga

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Chinese investor Xia Liqiang has increased his stake in Blue Diamond Jewellery Worldwide Plc to 17.88% this week, thereby becoming the single largest shareholder.

This is following Xia buying around 8% or 8.5 million voting shares at Rs. 3.60 each in a deal worth over Rs. 30 million.

The Daily FT first reported the interest by the Chinese investor on 2 December when he collected around an 8% stake at Rs. 3.50 per share in the week ended 29 November.

As of end September 2013, ECL Soft Ltd. held a 17.73% stake in Blue Diamonds but in recent months it had divested some of its holdings. Sri Lanka Insurance Corporation was owning 10.22% as of end September as well.

In the first half of FY14, BLUE’s turnover was down by 41% to Rs. 29 million (2Q it was down by 46% to Rs. 19 million). Gross profit was down by 40% to Rs. 7.9 million in the 1H and by 20% to Rs. 7.6 million in 2Q.
Loss from operations in 2Q was up by 187% to Rs. 1.27 million whilst in the first half it was down to Rs. 11.4 million from Rs. 13 million in the corresponding period of last financial year.

Net finance income of Rs. 5.4 million in 1H and Rs. 2.15 million in 2Q helped to improve BLUE’s bottom line. Nevertheless BLUE ended the 1H with a loss of Rs. 5.8 million, lower in comparison to Rs. 9 million loss a year earlier.

Having eliminated past losses (over Rs. 900 million by end FY11) with a capital reduction exercise previously, BLUE continues to be saddled with Rs. 65.4 million retained loss , up from Rs. 42.5 million a year earlier and Rs. 59.6 million at the end of FY13.
http://www.ft.lk/2013/12/27/chinaman-becomes-biggest-shareholder-of-blue-diamonds/

Related thread:
http://forum.srilankaequity.com/t31900-chinaman-drawn-to-blue-diamonds?highlight=chinaman

mark

mark

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yesterday i exit from blue at 3.60 due to it stagnant at 3.60 without any upturn.
dnt knw what is gna happn nw,hm

dhanurrox

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mark wrote:yesterday i exit from blue at 3.60 due to it stagnant at 3.60 without any upturn.
dnt knw what is gna happn nw,hm

High possibility of going up cz u sold. Very Happy

RANGANA PERERA

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Who's seller ?????????

Aubrey Perera

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What is the mandatory offer threshold ? 30 % ?

seek

seek

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Yes, mandotary offer threshold is at 30%. Will that china guy go for it? but it will be only for N shares. How about X then?

econ

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seem to be another management change for Blue..

Aubrey Perera

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we are clueless about his back ground surely we will get to know more about him soon.

TheProfessional2013

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We should remove all comments made by Redbull

Such a negative man

Redbulls

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TheProfessional2013 wrote:We should remove all comments made by Redbull

Such a negative man

Be careful wording your valuable comments. May be you'll be banned for unscrupulous posts.

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Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang

1 Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Thu Dec 26, 2013 5:12 pm

sriranga

2 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Thu Dec 26, 2013 6:29 pm

Kithsiri

3 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Thu Dec 26, 2013 7:05 pm

Redbulls

4 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Thu Dec 26, 2013 7:07 pm

Kithsiri

5 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Fri Dec 27, 2013 12:00 am

Leon

6 Chinaman becomes biggest shareholder of Blue Diamonds Fri Dec 27, 2013 12:20 am

sriranga

7 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Fri Dec 27, 2013 5:47 am

mark

8 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Fri Dec 27, 2013 7:47 am

dhanurrox

9 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Fri Dec 27, 2013 9:25 am

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10 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Fri Dec 27, 2013 4:10 pm

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11 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Fri Dec 27, 2013 5:19 pm

seek

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econ

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14 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Wed Jan 01, 2014 10:54 pm

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15 Re: Capital Trust Disclosure - BLUE bought by Mr. Xia Liqiang Wed Jan 01, 2014 11:00 pm

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