What will be Future of BLUE after SLIC bought?

http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

Wts going with BLUE ????

http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

What price? Why they do not disclose prices?

Yeah I also have the same question

Chabbi wrote:http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

Wts going with BLUE ????

So SLIC news was not fake!

godswen wrote:

Chabbi wrote:http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

Wts going with BLUE ????

So SLIC news was not fake!

Finally it was real news ...... But with the market condition aftr news released STOCK prices start to hit bottom

will see how this going to REACT

godswen wrote:

Chabbi wrote:http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

Wts going with BLUE ????

So SLIC news was not fake!

Wish Uncle J was there.. He would not even think do these kind of things..

UKboy wrote:

godswen wrote:

Chabbi wrote:http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

Wts going with BLUE ????

So SLIC news was not fake!

Wish Uncle J was there.. He would not even think do these kind of things..

I am pretty sure they have purchased for more than 7/-. I am wondering why they didn't purchase it @ 3/-. They had plenty of time to purchase.

Further I don't understand their investment strategy. They sold cash cow CFIN at Rs 800/- and buying shell companies at premium price.

Monster wrote:

UKboy wrote:

godswen wrote:

Chabbi wrote:http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf

Wts going with BLUE ????

So SLIC news was not fake!

Wish Uncle J was there.. He would not even think do these kind of things..

I am pretty sure they have purchased for more than 7/-. I am wondering why they didn't purchase it 3/-. They had plenty of time to purchase.

Further I don't understand their investment strategy. They sold cash cow CFIN at Rs 800/- and buying shell companies at premium price.

@ Monster.

SLIC investment arm looks like a duplicate version of LGL investment arm & their motto must be "Let's buy at high"

LGL bought GRAN right at the top.

http://www.ft.lk/2011/06/24/slic-after-fake-diamonds/

If SLIC have bought BLUE at higher price there is something fishy..

Now it is clear that SLIC has bought a big quantity of BLUEN and if that is the case why some members blaim SL.Market saying that he is promoting/manipulating price of this share . May be he is so smart to find secret decisions of HNWIs and Institutional investors. So it is good if he share those information with us as we also get a chance to deal with those stocks.

kam2011 wrote:Now it is clear that SLIC has bought a big quantity of BLUEN and if that is the case why some members blaim SL.Market saying that he is promoting/manipulating price of this share . May be he is so smart to find secret decisions of HNWIs and Institutional investors. So it is good if he share those information with us as we also get a chance to deal with those stocks.

He is blamed because it's against the forum guideline.

http://forum.srilankaequity.com/t2935-forum-guidelines

Code:

SLIC paid Rs 104 million for this stake but the stock market analysts were surprised with the transaction as it is unusual for a state entity to buy such a ‘dud’ share.

Code:

But analysts speculated that this transaction was a politically motivated one, which the SLIC denied.

http://www.sundaytimes.lk/110703/BusinessTimes/bt15.html

I think blue is a done deal. Better to exit now

Monster wrote:
Wish Uncle J was there.. He would not even think do these kind of things..
I am pretty sure they have purchased for more than 7/-. I am wondering why they didn't purchase it @ 3/-. They had plenty of time to purchase.

Further I don't understand their investment strategy. They sold cash cow CFIN at Rs 800/- and buying shell companies at premium price.

Who were the main sellers ?

Some officials in a Corporation ? who collected it @ 3/- levels ?

when govt gets involved better to very careful

Monster wrote:

Code:

SLIC paid Rs 104 million for this stake but the stock market analysts were surprised with the transaction as it is unusual for a state entity to buy such a ‘dud’ share.

Code:

But analysts speculated that this transaction was a politically motivated one, which the SLIC denied.

http://www.sundaytimes.lk/110703/BusinessTimes/bt15.html

Remember what I said: http://forum.srilankaequity.com/t4743-a-strategic-investor-to-buy-blue-diamonds-at-rs7-per-share?highlight=blue .....I was right...wasn't I?

Now go down to know the next move>


Re: A strategic investor to buy Blue Diamonds at Rs.7 per share?
by Business Basil on Thu Jun 09, 2011 2:39 pm

seyon wrote:
Gaja wrote:
http://www.cse.lk/cmt/upload_cse_announcements/3951307603857_.pdf


Is it strategic investment? One is IT related, other one is in the business of gold,gem What kind of synergy expect from acquisition.


Who owns E-Channelling it is Sri Lanka Insurance...who is Sri Lanka Insurance it is government...but there are three key players in the Sri lanka Insurance they are Gamini Senarath, Mohan and Piyadasa...three batch mates at Kelaniya...Good Businessmen..They are the leading Directors of Government Enterprises now...

They have strategic investment plans ...that is what i hear...I heard a discussion when I was in the 4th floor of Sri Lanka Insurance Building...last noon...;-)


Industrialists say Blue Diamonds recently toook steps to safeguard its directors to safeguard its exclusive business,.
Why?---> CEO of E-Channelling, Asanga Karunaratne is married to the daughter of Mallika Hemchandra Jewellers. Mallika Hemachandra Jewellers also has a Diamond Cutting factory but as far as many know they are not in to exports.....sooooo....Some Implications could be derived why ECL and SLIC wants Blue Diamonds...

Referances go and read original article of http://forum.srilankaequity.com/t6023-blue-safeguards-business-interests-retaining-experts?highlight=blue

Business Basil wrote:

Monster wrote:

Code:

SLIC paid Rs 104 million for this stake but the stock market analysts were surprised with the transaction as it is unusual for a state entity to buy such a ‘dud’ share.

Code:

But analysts speculated that this transaction was a politically motivated one, which the SLIC denied.

http://www.sundaytimes.lk/110703/BusinessTimes/bt15.html

Remember what I said: http://forum.srilankaequity.com/t4743-a-strategic-investor-to-buy-blue-diamonds-at-rs7-per-share?highlight=blue .....I was right...wasn't I?

Now go down to know the next move>


Re: A strategic investor to buy Blue Diamonds at Rs.7 per share?
by Business Basil on Thu Jun 09, 2011 2:39 pm

seyon wrote:
Gaja wrote:
http://www.cse.lk/cmt/upload_cse_announcements/3951307603857_.pdf


Is it strategic investment? One is IT related, other one is in the business of gold,gem What kind of synergy expect from acquisition.


Who owns E-Channelling it is Sri Lanka Insurance...who is Sri Lanka Insurance it is government...but there are three key players in the Sri lanka Insurance they are Gamini Senarath, Mohan and Piyadasa...three batch mates at Kelaniya...Good Businessmen..They are the leading Directors of Government Enterprises now...

They have strategic investment plans ...that is what i hear...I heard a discussion when I was in the 4th floor of Sri Lanka Insurance Building...last noon...;-)


Industrialists say Blue Diamonds recently toook steps to safeguard its directors to safeguard its exclusive business,.
Why?---> CEO of E-Channelling, Asanga Karunaratne is married to the daughter of Mallika Hemchandra Jewellers. Mallika Hemachandra Jewellers also has a Diamond Cutting factory but as far as many know they are not in to exports.....sooooo....Some Implications could be derived why ECL and SLIC wants Blue Diamonds...

Referances go and read original article of http://forum.srilankaequity.com/t6023-blue-safeguards-business-interests-retaining-experts?highlight=blue

wow,i suspects you from the beginning
thanks for share,these are very useful facts..expecting more form you
btw BLUE is still a useless share,hope we can see good image of it in near 1-5 years with their so called strategic plans,defa not in short term....
i think they need capital infusion to expand the business,so what will be their next moves will see.