AAF - Director Buys Exceeding 48.97 Million Shares (Within 1 Week)

The Best ROI wrote:I got an Independent Advisor's Report, published by Merchant Bank of Sri Lanka about the recent Right Issue.
It got some significant points from this report about AAF - solid facts and figures

Muthoot Finance (India) presently has 44.32% and possibility of acquiring up to 51% (My point: Mandatory offer was extended till 5th Dec, but so far no indication of acquiring. IF NOT, They will have to buy it from the market, where the price of share would go up)

Muthoot Finance (India): Gold Kept as security - 116 tons, Proft after Tax - Ind. Rupees 7.8 Bn, Pan-India Branches - 4200+

AAF - Independent Advisor's Report says;

EPS for six months ending 30th Sept 2014 - LKR 1.42
Revenue Increased by 75%
Market price to book value valuation:
Valuation of AAF - LKR 3.30

Now, Trading at LKR 2.00

It may be the reason that Chairman is heavily collecting (Total Shares  -   48.97 Millions).
Please see the table below;

Date                        Price             Share Quantity

2nd Dec 2014             2.1               6473819
1st Dec 2014              2                 12447523
1st Dec 2014              1.9               11187089

28th Nov 2014            1.8               1990500
27th Nov  2014           1.8               10600000
26th Nov 2014            1.8               5000000
24th Nov 2014            1.8               1274888


Total Shares  -   48.97 Millions (Within 1 Week)- Information taken from CSE web

Dear Forum members, we should be smarter than others, quicker than anybody. Open to discuss please.

0.098.

But i agree with share purchases of The Chairman.

The Best ROI wrote:I got an Independent Advisor's Report, published by Merchant Bank of Sri Lanka about the recent Right Issue.
It got some significant points from this report about AAF - solid facts and figures

Muthoot Finance (India) presently has 44.32% and possibility of acquiring up to 51% (My point: Mandatory offer was extended till 5th Dec, but so far no indication of acquiring. IF NOT, They will have to buy it from the market, where the price of share would go up)

Muthoot Finance (India): Gold Kept as security - 116 tons, Proft after Tax - Ind. Rupees 7.8 Bn, Pan-India Branches - 4200+

AAF - Independent Advisor's Report says;

NAV for six months ending 30th Sept 2014 - LKR 1.42
Revenue Increased by 75%
Market price to book value valuation:
Valuation of AAF - LKR 3.30

Now, Trading at LKR 2.00

It may be the reason that Chairman is heavily collecting (Total Shares  -   48.97 Millions).
Please see the table below;

Date                        Price             Share Quantity

2nd Dec 2014             2.1               6473819
1st Dec 2014              2                 12447523
1st Dec 2014              1.9               11187089

28th Nov 2014            1.8               1990500
27th Nov  2014           1.8               10600000
26th Nov 2014            1.8               5000000
24th Nov 2014            1.8               1274888


Total Shares  -   48.97 Millions (Within 1 Week)- Information taken from CSE web

Dear Forum members, we should be smarter than others, quicker than anybody. Open to discuss please.

dineshfernando wrote:AAF will give you excellent returns within 1 to 2 years. Once Muthoot gets controlling stake they would go for massive expansion. The results of which can be seen in 6 months to 1 year time. AAF will become one of the leading finance companies in Sri Lanka with the back up of the giant Muthoot.

You need to hold this for at least one year or more to get extraordinary returns. In short term too it would give some returns.

dineshfernando wrote:AAF will give you excellent returns within 1 to 2 years. Once Muthoot gets controlling stake they would go for massive expansion. The results of which can be seen in 6 months to 1 year time. AAF will become one of the leading finance companies in Sri Lanka with the back up of the giant Muthoot.

You need to hold this for at least one year or more to get extraordinary returns. In short term too it would give some returns.

Sstar wrote:Who is this stupid director. Hope it's not Mano!!!

The Best ROI wrote:NOW Chairman has 56,473,819 (6.729%)
CSE announcement (8th Dec) says that "Incomplete Acceptance - 56,041,084"
Then, How can it be transfered out of trading floor?
Can we make an objection over this transaction?