Why did he sell shares of his own company?
Should we buy then when the owner dispose the quantity to the public?
What does this mean?
Does it mean that he has no faith in his own company?
Share your comments please
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ranga wrote:
http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/
as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..
invest-abc wrote:ranga wrote:
http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/
as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..
I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.
smallville wrote:invest-abc wrote:ranga wrote:
http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/
as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..
I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.
Nimal has bought only 5% or 10Mil of Rishan's holding, I heard other 10Mil was bought by DJ.. Now we know Nimal is not an investor unlike DP. So I'm also yet to find out whether he's already dumped at a 2-3 rupees profit.. If so we're in trouble..
smallville wrote:invest-abc wrote:ranga wrote:
http://www.ft.lk/2011/08/19/rishan-sheds-20-m-nimal-buys-10-m-shares-of-pc-house-owner-and-chairman-s-h-m/
as per ft.lk 10mil brought by nimal yesterday.Dont know whether nimal sold it to public today..
I am not sure what exactly has happened today. The question is whether Nimal sold his stake to the public or not?...However, on the other hand if Rishan the founder of the Company directly sold to the public it would have looked a bit ugly. But now the news goes as Rishan sold to Nimal and what Nimal's motive of the purchase is anybodies guess.
Nimal has bought only 5% or 10Mil of Rishan's holding, I heard other 10Mil was bought by DJ.. Now we know Nimal is not an investor unlike DP. So I'm also yet to find out whether he's already dumped at a 2-3 rupees profit.. If so we're in trouble..
FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » RISHAN HAS SOLD 10 MILLION SHARES OF PCH TO THE PUBLIC TODAY
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