Who Bought PAP?

Genting · 1 Who Bought PAP? Thu Jun 09, 2011 5:25 pm

Genting

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Big parcels of PAP were traded above Rs8

10:50 1,000,000 8.00
11:01 19,937,600 8.00
11:01 5,000,000 8.00
11:02 6,000,000 8.00
11:02 3,000,000 8.00
11:02 1,000,000 8.00
11:04 7,000,000 8.00
11:19 3,000,000 8.10
11:19 1,000,000 8.20
11:21 3,000,000 8.20
11:49 1,000,000 8.20
11:50 2,531,800 8.20
11:50 17,000,000 8.20

Looking at this, big players were buying at higher level. But at the end, the price came down. Can this be a another trick to push the price down??

BenZ · 2 Re: Who Bought PAP? Thu Jun 09, 2011 5:44 pm

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Surely these were not sold to poor retailers like DP sold REEF.

Price were went down suddenly due to been panic retailers sold small to medium quantities in the matter of minutes after the news major stake sold from major Malaysian share holder. During that period some big guy was collecting at lower levels.

SAGA · 3 Re: Who Bought PAP? Thu Jun 09, 2011 6:09 pm

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Here is the anwer.which I extracted from Lanka Business on line.

Power Sale
09 Jun, 2011 17:54:56
Sri Lanka Panasian Power controlling shareholder reduces stake
June 09, 2011 (LBO) - The Malaysian controlling shareholder of Sri Lankan mini hydro firm Panasian Power reduced its control with the sale of a large stake in trades which boosted market turnover on the Colombo bourse Thursday.

Power Hub International Sdn Bhd sold 68, 325,100 shares of Panasian Power in three lots at eight rupees, 8.20 and 8.30 rupees a share, a stock exchange filing said.
It was not immediately clear who the buyer was.

The sale by Power Hub reduced the stake held by the Malaysian firm in Panasian Power to 28 percent from 42 percent.

Another director of Panasian Power Deepal Sooriyaarachchi sold 500,000 shares at eight rupees each.

Panasian Power closed at 7.50 rupees, down 20 cents after hitting a high of 8.30 rupees during the day.

Chabbi · 4 Re: Who Bought PAP? Thu Jun 09, 2011 8:28 pm

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Genting wrote:Big parcels of PAP were traded above Rs8

10:50 1,000,000 8.00
11:01 19,937,600 8.00
11:01 5,000,000 8.00
11:02 6,000,000 8.00
11:02 3,000,000 8.00
11:02 1,000,000 8.00
11:04 7,000,000 8.00
11:19 3,000,000 8.10
11:19 1,000,000 8.20
11:21 3,000,000 8.20
11:49 1,000,000 8.20
11:50 2,531,800 8.20
11:50 17,000,000 8.20

Looking at this, big players were buying at higher level. But at the end, the price came down. Can this be a another trick to push the price down??

Yeah if you check the final figure it was more than 1.6Bn Valued shared were transfered. I dnt think retailers have this much of funds to buy them.... further many retailers exiting from mkt since thr many IPO's & Intro's.... Thr shd be a reason y big player plays the game here Very Happy

Further big player exit. Now i think new directors will named sooner and thr would be something would happen. most of us know wt happen to CLND but this happening something different. since PAP is hydro company to acquire new power points this may go for Right issue with W. ........... NO Idea ..... But i feel this is repeat REEF .....

Any way Keep on EYE Very Happy

kam2011 · 5 Re: Who Bought PAP? Thu Jun 09, 2011 9:57 pm

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According to many news items appered in Print media one DJ has purchased the above Shares

Chabbi · 6 Re: Who Bought PAP? Thu Jun 09, 2011 10:31 pm

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kam2011 wrote:According to many news items appered in Print media one DJ has purchased the above Shares

Can kindly give me those links Razz

dinusha.kiwulegedara · 7 Re: Who Bought PAP? Fri Jun 10, 2011 12:04 am

dinusha.kiwulegedara

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Hay guys

I am sure this shre is playing like clnd... dont you remember what was happened to clnd earlier ... But lot of analyzers waiting to it reach 60/= Dont be panic please hold your PAP shares it sure go up beyond 8/= within the price band period ....

Good Luck

Chabbi · 8 Re: Who Bought PAP? Fri Jun 10, 2011 1:56 am

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Over 40% stake of Panasian Power traded yesterday with the Malaysian party shedding some holding.
Around 211.8 million shares of the company traded as it peaked to a high of Rs. 8.30 before closing 20 cents down to Rs. 7.50.
Power Hub International Sdn Bhd had sold 68.3 million shares or a 13.6% stake between Rs. 8 and Rs. 8.30 per share. As at 31 March 2011 it held a 42% stake.
It couldn’t be confirmed whether the Malaysian promoter had gone below 30% stake after yesterday’s shedding or whether it had a higher stake as opposed to the FY2011 closing. If the latter is correct, the Malaysian party could be still holding around 30%, if not it must now be 28.4%.
Given the high volume traded overall, analysts said that Panasian Power came under heavy recycling of trades.
On the buying side was Dilith Jayaweera whose company Emagewise picked up a considerable stake early in the week with regular market players such as Nimal Perera and Arjun Aloysius of Perpetual Capital fame figuring in the play on Panasian Power. There had been several other new investors joining the play yesterday.
On Monday 368 million shares or a 74% stake of the company traded for Rs. 2.5 billion. On Wednesday only 98 million shares traded whilst on Tuesday 85 million shares changed hands.

chamillion · 9 Re: Who Bought PAP? Fri Jun 10, 2011 9:03 am

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Tks chabbi for the news. are we to expect PAP @ RS 15 in a month?

econ · 10 Re: Who Bought PAP? Fri Jun 10, 2011 9:20 am

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these high net worth guys takes CSE as a play ground.

StocksWatch · 11 Re: Who Bought PAP? Fri Jun 10, 2011 9:30 am

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econ wrote:these high net worth guys takes CSE as a play ground.

Exactly...that is what that came in to my mind as well. A crash is imminent unless the regulators act soon to control these kids playing in the CSE.

CSE Today · 12 Re: Who Bought PAP? Fri Jun 10, 2011 10:18 am

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StocksWatch wrote:

econ wrote:these high net worth guys takes CSE as a play ground.

Exactly...that is what that came in to my mind as well. A crash is imminent unless the regulators act soon to control these kids playing in the CSE.

Kids....? retailers are the kids, who buys at any price without realizing the real value of those stocks..& finally have to cry...!

correct it as "Bunch of F.... manipulators playing in the CSE"!

Gaja · 13 Re: Who Bought PAP? Fri Jun 10, 2011 11:38 am

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today also 4.7 million shares got crossed

Chabbi · 14 Re: Who Bought PAP? Fri Jun 10, 2011 10:19 pm

Chabbi

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Gaja wrote:today also 4.7 million shares got crossed

Gaja wt is ur opinion on PAP ..... I think something happening ..... but we were unable to catch up them ..... as i knw HNWI have bought this hares @ very high prices ... further thr were many crossings @ High range....... Now i think HNWI try to collect some more on bargain price & will do a final announcement ........ Thn it might move like rocket........

Wt ur sayng ?? ?

Gaja · 15 Re: Who Bought PAP? Fri Jun 10, 2011 10:29 pm

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Chabbi wrote:

Gaja wrote:today also 4.7 million shares got crossed

Gaja wt is ur opinion on PAP ..... I think something happening ..... but we were unable to catch up them ..... as i knw HNWI have bought this hares @ very high prices ... further thr were many crossings @ High range....... Now i think HNWI try to collect some more on bargain price & will do a final announcement ........ Thn it might move like rocket........

Wt ur sayng ?? ?

I am also could figure out what is happening, but as you said something going on, if any members aware about the disclosure requirements can highlight, what are situations needed disclosure, because still except the some sales by the major shareholder disposal about PAP, nothing else published to cse to date, also today PMB disposal published and nothing about the buyer? - I am not sure about the disclosure requirements, so is anybody highlight whether the buyer also need to disclose to the trading floor

chamilmcg · 16 Re: Who Bought PAP? Sat Jun 11, 2011 12:32 pm

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HEY I BOUGHT 30,000 PAP SHARES @8.30 .COULD U BELIVE THIS WILL GO AFTER PRICE BAND AT LEAST 10.00
PLEASE QUATE THIS.

CHAMILMCG

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Who Bought PAP?

1 Who Bought PAP? Thu Jun 09, 2011 5:25 pm

Genting

2 Re: Who Bought PAP? Thu Jun 09, 2011 5:44 pm

BenZ

3 Re: Who Bought PAP? Thu Jun 09, 2011 6:09 pm

SAGA

4 Re: Who Bought PAP? Thu Jun 09, 2011 8:28 pm

Chabbi

5 Re: Who Bought PAP? Thu Jun 09, 2011 9:57 pm

kam2011

6 Re: Who Bought PAP? Thu Jun 09, 2011 10:31 pm

Chabbi

7 Re: Who Bought PAP? Fri Jun 10, 2011 12:04 am

dinusha.kiwulegedara

8 Re: Who Bought PAP? Fri Jun 10, 2011 1:56 am

Chabbi

9 Re: Who Bought PAP? Fri Jun 10, 2011 9:03 am

chamillion

10 Re: Who Bought PAP? Fri Jun 10, 2011 9:20 am

econ

11 Re: Who Bought PAP? Fri Jun 10, 2011 9:30 am

StocksWatch

12 Re: Who Bought PAP? Fri Jun 10, 2011 10:18 am

CSE Today

13 Re: Who Bought PAP? Fri Jun 10, 2011 11:38 am

Gaja

14 Re: Who Bought PAP? Fri Jun 10, 2011 10:19 pm

Chabbi

15 Re: Who Bought PAP? Fri Jun 10, 2011 10:29 pm

Gaja

16 Re: Who Bought PAP? Sat Jun 11, 2011 12:32 pm

chamilmcg

17 Re: Who Bought PAP?

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