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» Happy Father's Day !
Rights Issue BLUE 1:1 EmptyToday at 9:03 am by කිත්සිරි ද සිල්වා

» DPL.N0000 (Dankotuwa Porcelain PLC)
Rights Issue BLUE 1:1 EmptyToday at 7:12 am by NIRMALSG

» Thread for News on CSE and SL Economy
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» Re: Financial reports Q1-2019
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» SAMP.N0000 (SAMPATH BANK PLC)
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» SEYB.N0000 ( SEYLAN BANK PLC )
Rights Issue BLUE 1:1 EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» HNB.N0000 ( Hatton National Bank PLC)
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» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
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» DFCC.N0000 ( DFCC BANK PLC )
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» අනං මනං! #/+?.<>
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» Should CSE be like this? Whose FAULT is it?
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» CCS.N0000 ( Ceylon Cold Stores)
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» Access Engineering AEL Technical Analysis
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
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» MCPL.N0000
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» Tourism sector
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
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» Easter Sunday Attack and Sri Lanka
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» Dividend Announcement
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» In the Meantime, Within Our Shores !
Rights Issue BLUE 1:1 EmptyMon Jun 03, 2019 2:14 pm by කිත්සිරි ද සිල්වා

» What to Analyse
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» Tolerance at its Best !
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» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
Rights Issue BLUE 1:1 EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
Rights Issue BLUE 1:1 EmptyTue May 28, 2019 7:07 am by ruwan326

» TPL.N0000 (TALAWAKALE PLANTATIONS )
Rights Issue BLUE 1:1 EmptyMon May 27, 2019 8:04 am by yellow knife

» බැරි වෙලා වත් අනික් පැත්ත උනොත්...?
Rights Issue BLUE 1:1 EmptyFri May 24, 2019 3:42 pm by smallville

» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
Rights Issue BLUE 1:1 EmptyFri May 24, 2019 3:10 pm by puliyanam

» Songs to listen
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» Dhammika Perera non-committal on common candidate speculation
Rights Issue BLUE 1:1 EmptyThu May 23, 2019 2:54 pm by කිත්සිරි ද සිල්වා

» Films - To Watch List
Rights Issue BLUE 1:1 EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
Rights Issue BLUE 1:1 EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
Rights Issue BLUE 1:1 EmptyTue May 21, 2019 11:31 am by bjmd

» Flying is the Safest mode of Transport
Rights Issue BLUE 1:1 EmptyTue May 21, 2019 7:07 am by කිත්සිරි ද සිල්වා

» My Port Folio Bleeding But Its just the Begining Of..
Rights Issue BLUE 1:1 EmptySat May 18, 2019 7:40 pm by serene

» Sri Lanka mulls 25-pct ownership limit in finance companies
Rights Issue BLUE 1:1 EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Rights Issue BLUE 1:1 EmptyFri May 17, 2019 2:43 pm by Backstage

» Israeli spyware breached WhatsApp security
Rights Issue BLUE 1:1 EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Rights Issue BLUE 1:1 EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Rights Issue BLUE 1:1 EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Rights Issue BLUE 1:1 EmptyFri May 10, 2019 7:15 pm by Backstage

» NEST.N0000
Rights Issue BLUE 1:1 EmptyThu May 09, 2019 7:54 pm by ruwan326

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Rights Issue BLUE 1:1 EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
Rights Issue BLUE 1:1 EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
Rights Issue BLUE 1:1 EmptySun May 05, 2019 6:51 pm by Backstage

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Rights Issue BLUE 1:1 EmptyWed May 01, 2019 3:49 am by Ethical Trader

June 2019
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Rights Issue BLUE 1:1

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Rights Issue BLUE 1:1 Empty Rights Issue BLUE 1:1

Post by Sriranga on Thu Oct 16, 2014 9:53 am


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"Investing is easy to learn, but it takes a lifetime to master."
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Rights Issue BLUE 1:1 Empty Re: Rights Issue BLUE 1:1

Post by HAL9000 on Thu Oct 16, 2014 10:19 am

For last decade or so this stock didn't give any return to shareholders other than rights isues
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Rights Issue BLUE 1:1 Empty Re: Rights Issue BLUE 1:1

Post by chinwi on Thu Oct 16, 2014 12:18 pm

Blue was once a highly respected profit making company trading over 50/-.
When having billions as accumulated profits a crook - Rohan or somebody - convinced Chaiman Lalith Kothelavala to build a mammoth power generating plant in India and he can become the power tycoon in Asia !

The concept was to built a huge chimney 100s of meters above ground and heat it with solar power. 1000s of mirrors to be fixed in acres of land surrounding it.  As SRi Lanka had no demand for that much power he suggested a rural place in India.

The crook was appointed as the CEO of new company and he siphoned money from BLUE to his bogus company. He first  invested   Rs 287.5 mn in a fake Mauritius company, Energen Holding Company Limited for this. Then paid 35 million US$ to buy 'technology rights ' for this fancy power system.
The real amount robbed from BLUE is unknown.
When the chairman and directors realized they were taken for a ride by their  colleague everything including the robber has gone without trace.
Later they found no one has built anything in India and they have no assets there.

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Rights Issue BLUE 1:1 Empty Re: Rights Issue BLUE 1:1

Post by yellow knife on Thu Oct 16, 2014 12:48 pm

No one has a right to ride on you without your consent

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Rights Issue BLUE 1:1 Empty Re: Rights Issue BLUE 1:1

Post by serene on Thu Oct 16, 2014 2:00 pm

chinwi wrote:Blue was once a highly respected profit making company trading over 50/-.
When having billions as accumulated profits a crook - Rohan or somebody - convinced Chaiman Lalith Kothelavala to build a mammoth power generating plant in India and he can become the power tycoon in Asia !

The concept was to built a huge chimney 100s of meters above ground and heat it with solar power. 1000s of mirrors to be fixed in acres of land surrounding it.  As SRi Lanka had no demand for that much power he suggested a rural place in  India.  

The crook was appointed as the CEO of new company and he siphoned money from BLUE to his bogus company. He first  invested   Rs 287.5 mn in a fake Mauritius company, Energen Holding Company Limited for this. Then paid 35 million US$ to buy 'technology rights ' for this fancy power system.
The real amount robbed from BLUE is unknown.
When the chairman and directors realized they were taken for a ride by their  colleague everything including the robber has gone without trace.
Later they found no one has built anything in India and they have no assets there.

No wonder why Ceylinco failed.
thanks Chins for sharing.
Hard to even imagine. Shocked

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Rights Issue BLUE 1:1 Empty Re: Rights Issue BLUE 1:1

Post by DocStock on Wed Nov 26, 2014 11:19 am

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
Company ID: - BLUE (VOTING / NON-VOTING)

Date of Initial Announcement: - 16.Oct.2014
Proportion: - One (1) new ordinary share for every one (1) ordinary voting share
One (1) new ordinary non-voting share for every one (1) ordinary voting share
Issue Price: - Rs. 1.30 (Voting) / Rs. 0.75 (Non-Voting)
Qty Offered: - 103,300,891 (Voting) / 153,369,800 (Non-Voting)
General Meeting / Provisional Allotment: - 16.Dec.2014

Date EX: - 17.Dec.2014
Dispatch of Provisional Letter of Allotment: - 23.Dec.2014

Rights Trading Commences on: - 30.Dec.2014
Renunciation: - 08.Jan.2015
Last Date of Acceptance & Payment: - 09.Jan.2015
Share Transfer Book Open
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Rights Issue BLUE 1:1 Empty Re: Rights Issue BLUE 1:1

Post by DocStock on Wed Nov 26, 2014 11:20 am

DocStock wrote:BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
Company ID: - BLUE (VOTING / NON-VOTING)

Date of Initial Announcement: - 16.Oct.2014
Proportion: - One (1) new ordinary share for every one (1) ordinary voting share
One (1) new ordinary non-voting share for every one (1) ordinary voting share
Issue Price: - Rs. 1.30 (Voting) / Rs. 0.75 (Non-Voting)
Qty Offered: - 103,300,891 (Voting) / 153,369,800 (Non-Voting)
General Meeting / Provisional Allotment: - 16.Dec.2014

Date EX: - 17.Dec.2014
Dispatch of Provisional Letter of Allotment: - 23.Dec.2014

Rights Trading Commences on: - 30.Dec.2014
Renunciation: - 08.Jan.2015
Last Date of Acceptance & Payment: - 09.Jan.2015
Share Transfer Book Open

Actually, more suitable for the "BE CAREFUL!" thread.
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