BLUE BOUGHT AT 10 -BY British american Technolgies

sanjaya351 · 1 BLUE BOUGHT AT 10 -BY British american Technolgies Sun Aug 07, 2011 11:13 pm

sanjaya351

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British American technologies (Pvt) Ltd has bought 11,000,000 at the price of Rs. 10.00
voting ordinary shares of Blue Diamonds Jewellery Worldwide PLC. Which amounted to 10.65% of voting ordinary shares in issue.
05-08-2011
//////////////// whats behind this move ////////////////////

eeyohan

eeyohan

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British American Technologies (Pvt) Limited has acquired 11 million shares of Blue Diamonds Jewellery Worldwide PLC.
This share amount represents a 10.65% of the ordinary voting shares issued by Blue Diamonds Jewellery PLC.
A share has been sold for Rs. 10 thus resulting in the total consideration for the purchase standing at Rs. 110 million....

this was Aug 5th, 2011 1:32 PM .... so deal is done ....
http://www.news360.lk/markets/stock-market/british-american-technologies-purchase-shares-of-blue-diamonds-jewellery

player

player

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sanjaya351 wrote:t
British American technologies (Pvt) Ltd has bought 11,000,000 at the price of Rs. 10.00
voting ordinary shares of Blue Diamonds Jewellery Worldwide PLC. Which amounted to
10.65% of voting ordinary shares in issue.
05-08-2011
//////////////// whats behind this move ////////////////////

share price going down,ECL quit

sanjaya351

sanjaya351

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no u all hv not got the things behind this ....
do u all think thast these compnies will buy for nothing /...

seee after few days whats going to happen ...
if u hv cash collect BLUE X ...IJN LARGE QUABTITIES and BLUE N also as much as you all can
if this share goes as DPL went from 7 levels to 70 -80 levels .........?

kiwi

kiwi

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British American Technologies is a major shareholder in ECL - two of the directors on the ECL board are British American Technology appointees. I just think they just used ECL to collect the stake and then bought it from ECL. This generates a profit of over 60 million for ECL - great for the shareholders of ECL and will be good for the ECL share price. British American Technologies has been a significant shareholder in BLUE before and obviously sees some value in BLUE and is keen to get control. Also the chairman of ECL is also the chairman of SLIC who have also collected a big parcel of BLUE. This is all from public information.

lbnnirmal

lbnnirmal

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Why British American Technologies paid such high amount of money for single share ???? At last week it traded around 8 so is there anything behind this??

lbnnirmal

lbnnirmal

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I can't understand why eChannelling sell there shares in BLUE. If that much of shares (almost 10%) traded at 10 then why eChannelling sell there shares at low price ??
http://www.news360.lk/markets/stock-market/echannelling-sell-its-blue-diamonds-shares

Feeling some strange things happening behind this ......
Gays wt do u think about BLUE??

shaankh

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http://www.ft.lk/2011/08/08/blue-eyed-deal/

British American technologies (Pvt) Ltd hold 23% of ECL so retailers money will get trap again if a rally developed.

poshkid

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shaankh wrote:

British American technologies (Pvt) Ltd hold 23% of ECL so retailers money will get trap again if a rally developed.

BLUE is a manipulated Stock... People will flock to buy it when they hear some big player bought some stake in it. Then once the price reach a higher point; the previous buyer sells the whole stake bought at a profit. Then the poor retailers get trapped....

So, only invest in BLUE if you have extra money which you won't mind even loosing.
Yes, with some luck; you may be able to make a profit.

But most of the time retailers get hit hard...

Last edited by poshkid on Mon Aug 08, 2011 9:18 am; edited 1 time in total

stockboy

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yes British American technologies (Pvt) Ltd hold 23% of ECL so retailers money will get trap again if a rally developed. the statement correct ECL CHANGE THE DRAWERS TO SHOW THE REALISED PROFIT DON'T TRAP IN TO BLUE

eeyohan

eeyohan

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my dear friends ... when the shr price drop buy .. when it is up sell .. simple ... BLUE price is very high to me .... we shud buy when it was rs 4...risk is very high ...any one kn what is British American technologies (Pvt)?.. wat they do? ... do they have any website ? y BLUE lol!

there are lots of good shrs in cse ... santa

lbnnirmal

lbnnirmal

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I'm also believe that BLUE is very overvalued share and some of people try to manipulate it. So as investors we need to understand this fact.

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BLUE BOUGHT AT 10 -BY British american Technolgies

1 BLUE BOUGHT AT 10 -BY British american Technolgies Sun Aug 07, 2011 11:13 pm

sanjaya351

2 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Sun Aug 07, 2011 11:28 pm

eeyohan

3 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Sun Aug 07, 2011 11:33 pm

player

4 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 2:32 am

sanjaya351

5 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 4:08 am

kiwi

6 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 8:05 am

lbnnirmal

7 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 8:15 am

lbnnirmal

8 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 8:32 am

shaankh

9 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 9:09 am

poshkid

10 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 9:13 am

stockboy

11 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 9:37 am

eeyohan

12 Re: BLUE BOUGHT AT 10 -BY British american Technolgies Mon Aug 08, 2011 10:38 am

lbnnirmal

13 Re: BLUE BOUGHT AT 10 -BY British american Technolgies

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