Dr. Senthilverl buys over 8% stake in Vallibel Power, US firm sells 21% stake

High net worth but low-profile investor Dr. T. Senthilverl yesterday acquired over 8% stake in Vallibel Power Erathna Plc for over Rs. 660 million as a longstanding foreign shareholder exited.
Vallibel Erathna saw 187.6 million shares changing hands via 1,505 trades for Rs. 1.245 billion. The number of trades confirms the retail and high net worth investor play on the stock.
Of the quantity traded 85 million shares and 74 million shares changed hands at Rs. 6.60. Dr. Senthilverl previously held 3.6 million shares in the company as at 30 September 2014.
The seller was longstanding shareholder Asia Energy Management Systems Inc, a US-based firm with interests in the power sector in Asia and the Middle East. It also enjoyed two board seats. As at 30 September 2014, Asia Energy held 160 million shares of 21.4% stake in Vallibel Power which is controlled by business leader Dhammika Perera with over 60% stake.

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Now the Dr. has significant stakes in VLL, HPFL and VPEL

Dr seems bullish on hydro power sector. Definitely this is a very lucrative business with minimal working capital requirements.

I expect around Rs-1-1.1 annual EPS from VPEL. The upcoming two qtrs they wouldn't show much results. Still this counter is under value but my worries is, will they push this one to Rs 11 territory sooner or they will wait for another couple of qtrs. Its asset value pretty low, but if it could improve its profit then no point of talking about asset value. Th price will go up...

This stock will be the future for the people who have decided to invest in it right now.Withing couple of days will absorb all the selling at each levels below Rs7.50 and will move its upward journey.

This is the best period for VPEL after its listing. Received the improved tariff from CEB.Heavy rains. Back dated tariffs etc etc.......