Good to watch VONE today

Rajaraam · 1 Good to watch VONE today Mon Jul 11, 2011 9:38 am

Rajaraam

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Friday VONE price was not gone up as many ppl including broker companies expected. That is mainly due to fear of the most shareholders whether price would be further drop to IPO level and even below IPO price. But not ike most of other Companies VONE private placement (Jan. 2011)was also done at the same price(25/-) as IPO.Therefore for both who held shares bought from IPO or private placement, cost is same and hence profit also same. Can we guess majority of the ppl who held remaining shares too sell only with a 5/- profit.I think most of them will not sell at the friday closing price. So trend will be udward side.

Last edited by Rajaraam on Mon Jul 11, 2011 11:59 am; edited 1 time in total

lbnnirmal · 2 Re: Good to watch VONE today Mon Jul 11, 2011 10:32 am

lbnnirmal

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Yes, I also think that investors may not sell there shares at this moment because still it around 30s

Academic · 3 Re: Good to watch VONE today Mon Jul 11, 2011 10:35 am

Academic

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Seems no more Maddumabandaras here in the CSE! Very Happy

kkahapola · 4 Re: Good to watch VONE today Mon Jul 11, 2011 10:36 am

kkahapola

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Mr. D. Perera has purchased VONE 1 million shares at 33.50. so definitely this will go beyond that.so dont hurry to sell.
http://www.cse.lk/cmt/upload_cse_announcements/3911310358890_.pdf

lbnnirmal · 5 Re: Good to watch VONE today Mon Jul 11, 2011 11:06 am

lbnnirmal

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yea it's true but now VONE trading at 29.00 price so investors may try to invest in long term planes

Rajaraam · 6 Re: Good to watch VONE today Mon Jul 11, 2011 12:23 pm

Rajaraam

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Many investment companies(including some other large scale companies) have bought VONE shares at 25/- during the private placement(Jan.2011).These companies includes ALLI,ARPICO,ACL,Bartleet,Capital Trust,CABO,Ctrus Letsure,Commercial Credit,DUnamis,East West,Finco invetment,Orit Apperel,RENU,Rubber Investment,Softlogic Capital,Taprobane and also Devasurendra. Total number of shares issued under private placement is very much higher and it was 196.0 mn compared to 21.3 mn in the IPO.A large number of individuals (many hundreds)have also bought shares at private placement. May be they are now selling even with a small margin due to a fear for a huge drop of price as in the case of many IPOs last few weeks.
However within couple of weeks situation may be turned as this is a highly valuable share.