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VLL aquires stake in PAP

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VLL aquires stake in PAP

Post by First Guy on Wed Dec 31, 2014 3:25 pm

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Re: VLL aquires stake in PAP

Post by sashimaal on Wed Dec 31, 2014 3:28 pm

Is that the reason for the uptrend? Will it come down, now that the acquisition is over?
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Re: VLL aquires stake in PAP

Post by Ethical Trader on Wed Dec 31, 2014 3:28 pm

First Guy wrote:http://www.cse.lk/cmt/upload_cse_announcements/4181420014499_.pdf

VLL now has a 10.2% stake in PAP
Thanks FG.
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Re: VLL aquires stake in PAP

Post by Ethical Trader on Wed Dec 31, 2014 3:31 pm

sashimaal wrote:Is that the reason for the uptrend? Will it come down, now that the acquisition is over?
Did not study power sector for some time. Must look at now. Thanks.
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Re: VLL aquires stake in PAP

Post by First Guy on Wed Dec 31, 2014 4:06 pm

Hydro power is interesting - VPEL, VLL, HPFL, PAP

I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL

VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.
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Re: VLL aquires stake in PAP

Post by sashimaal on Wed Dec 31, 2014 4:11 pm

Thanks FG, +

First Guy wrote:Hydro power is interesting - VPEL, VLL, HPFL, PAP

I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL

VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.
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