Do you see Corruption here - Mr. Wijemanne is a director of TFC and also Taprobane Securities, the broker for NSB. the other three sellers at Rs. 50 a share were ABC Radio chief Raynor Silva, motor car dealer, Yoga Perera and

  • 6 May 2012 22:59:53 GMT

    AnuD,

    I afraid that, your Main Thread`s Comment is wrong.

    Please refer to following :

    Rs 5000 Million = Rs. 5000 x 10^6 = $ (5000/120) x 10^6

    = $ 41.7 x 10^6 = Approximately 42 Million US $ = 1 M US $ per kiloMeter.

    I am not allowed to comment on Main Thread and that is the reason why, I posted it here.

  • 6 May 2012 23:02:21 GMT

    Thank you Money Talks.

    So it is $ 1.2 million per kilometer

    Yet, at that itme dollar was Rs 112 or less.

  • 6 May 2012 23:13:16 GMT

    Under proper conditions, NSB should have massed millions of shares when those were cheaper.

    They should pay a premium price only when they buy the whole company and not only for buying 13% of the company.

    In an hostile take over they may pay extra cash for shares in order to make the share holders happy.

    In this case, they have bought only 13% share of the company.

    Why did they pay extra ?

  • 7 May 2012 03:50:49 GMT

    We should not allow these government banks to do any of these dealings since all are corrupt to core.

  • 7 May 2012 03:52:58 GMT

    Wow! AnuD studying Investments & Financing at night school now? :)

  • 7 May 2012 05:17:46 GMT

    [[The renovation work cost of Rs.5,000 million.]

    Approximately $ 50 billion for 41 Kms.

    One Kilo Meter cost more than One Billion Dollars.]

    puh! mara ganan kirimak ne :)

    LOL

    first learn arithmatic then you mght be able to comprehend investments and finances after a while.

    Not that I am condoning the NSB transaction but I am more amused with your thinking :)