Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Monday, January 18, 2010

LANKA VENTURES PLC PURCHASED BY ACUITY PARTNERS

Today we saw two large parcels of lanka ventures (10 m.n. parcel & 29 m.n.parcel approximately) changing hands as two crossings. The sellers were DFCC bank & HNB Bank who were the main share holders of lanka ventures. The buyer was another company (ACUITY PARTNERS )which is also promoted by DFCC & HNB where both companies owned 50% each in the new company ACUITY PARTNERS.
However the existing share holders have the benefit of selling their present holding at Rs 18.00 which will be the mandatory offer price for the remaining share holders by the new company. See below the communique issued by the ACUITY PARTNERS. (source - cse.lk).

If you take past couple of months LVEN has under performed to the ASI & Millanka substantially. Hence there will be a chance of price moving up above Rs 18.00 levels. Friends keep a closer eye on LVEN.