ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )?

Sure N Shot

Sure N Shot

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There is a solid capital gain for ECL, If SLIC has already taken the stake of BLUE from ECL, or will SLIC purchase another stake of BLUE from ECL at a higher price later.

Then, where will be the highest point of ECL share price? This might be the reason that it had heavy transactions as I indicated a few days back – WTD / 28.2 Mil, MTD / 227.4 Mil.

Please check the web link below;
http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/3601307604039_663.pdf

Rough Alignment of Calculation:
ECL quantity (Blue) – 13,672,100
Average Price - Rs. 8.50
Approx. Capital Gain for ECL - 8.50 X 13,672,100 = Rs. 116,212,850
If purchase at a higher price later (Approx. Rs.12 as per analysis)
Approx. Capital Gain for ECL - 12 x 13,672,100 = Rs. 164,065,200

Please, make your comment with your own analysis. My note is not meant for any purchase or sale of ECL.
[b]

CSE Today

CSE Today

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Sure N Shot wrote:There is a solid capital gain for ECL, If SLIC has already taken the stake of BLUE from ECL, or will SLIC purchase another stake of BLUE from ECL at a higher price later.

Then, where will be the highest point of ECL share price? This might be the reason that it had heavy transactions as I indicated a few days back – WTD / 28.2 Mil, MTD / 227.4 Mil.

Please check the web link below;
http://www.cse.lk/cmt/upload_cse_announcements/3581308820440_.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/3601307604039_663.pdf

Rough Alignment of Calculation:
ECL quantity (Blue) – 13,672,100
Average Price - Rs. 8.50
Approx. Capital Gain for ECL - 8.50 X 13,672,100 = Rs. 116,212,850
If purchase at a higher price later (Approx. Rs.12 as per analysis)
Approx. Capital Gain for ECL - 12 x 13,672,100 = Rs. 164,065,200

Please, make your comment with your own analysis. My note is not meant for any purchase or sale of ECL.

Buddy To get the Capital Gains you have to deduct the investment form returns then only actual capital gain could be visible.....
if applied then...[b]Rs. 164,065,200 -Rs. 116,212,850 = 47,852,350/-

Anyway...
From where on earth you got that Rs 12/- for BLUE N...? if it is a future expectation then you have to mention it on both ways , otherwise your posting is biased on pushing up the BLUE N...(pls read carefully the Lanka Securities Declaration to CSE re SLI acquition on BLUE- they have not mentioned the acquisition prices or an average price they paid for BLUE)

Rough Alignment of Calculation:
ECL quantity (Blue) – 13,672,100
Average Price - Rs. 8.50
Approx. Capital Gain for ECL - 8.50 X 13,672,100 = Rs. 116,212,850
If purchase at a higher price later (Approx. Rs.12 as per analysis)
Approx. Capital Gain for ECL - 12 x 13,672,100 = Rs. 164,065,200 ???? 47,852,350/-

IF
If sold at a Lower price later (approx. Rs.6.50 as per sentiments of the MKT eg: PAP/PMB/REEF/CLND/GRAN) lets imagine it may not fall more than Rs.@/- then
Approx. Capital Loss for ECL - 2 x 13,672,100 = Rs. 27,3445,200

JennyFunny

JennyFunny

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nice info

wiki

wiki

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How intelligent these ECL guys.. I hope they have the ability to foresee SLIC interest of BLUE lol!

prabuddaka

prabuddaka

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Both companies are in one umbrella know (ECL and SLIC).

Berryfund

Berryfund

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prabuddaka wrote:Both companies are in one umbrella know (ECL and SLIC).

Can we discuss following points;

(a) Are we sure that ECL sold it holding to SLIC; (There is no market announcement)
(b) Does BLUE.N is the only company produce Blue diamonds; (Is there a market monopoly); and
(c) Can few shareholders together acquire controlling stake of BLUE.N

kam2011

kam2011

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wiki wrote:How intelligent these ECL guys.. I hope they have the ability to foresee SLIC interest of BLUE

Not only ECL friend, even SL.Matrket and GJ said. Isn't it?

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ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )?

1 ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Fri Jun 24, 2011 1:31 am

Sure N Shot

2 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Fri Jun 24, 2011 7:56 am

CSE Today

3 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Fri Jun 24, 2011 9:29 am

JennyFunny

4 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Fri Jun 24, 2011 4:13 pm

wiki

5 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Fri Jun 24, 2011 5:00 pm

prabuddaka

6 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Fri Jun 24, 2011 11:28 pm

Berryfund

7 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )? Sat Jun 25, 2011 1:05 am

kam2011

8 Re: ECL - A Massive Capital Gain of Rs. 164 Million (+ / - )?

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