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.

Thursday, July 7, 2011

Rudra clarifies CSF trades

Responding to our story in yesterday’s issue titled “Rudra continues to exit from CSF’, a key investor of Nationa Lanka Finance (CSF) Jayaprakash Rudra in a letter informed Mirror Business that he has purchased 100,000 shares of CSF at a price ranging from Rs.24.70 to Rs.25.

Meanwhile, in another filing CSF said to Colombo Stock exchange that although the company had clearly stated Rudra acquired the shares in the first filing in the July 4 letter, due to an oversight CSF Secretaries have mentioned the ‘Sale Price’ instead of Purchase Price.

However as per Colombo Stock exchange data on June 1 and May 31 filings, Jayaprakash Rudra has shed a total of 850,000 shares of CSF for a consideration of Rs.24.6 million in the price range of Rs.29 to Rs.29.10 per share on May 31, and another 580,800 shares of CSF at a price ranging from Rs.29.80 to Rs.30.20 on May 30.

source - www.dailymirror.lk