Asanga Seneviratne selling Anilana Hotels (ALHP) shares

Asanga Seneviratne

September 5, 2018 (LBO) – Famed stock market operator Asanga Seneviratne is selling some of his shares in CSE listed Anilana Hotels (ALHP).

Asanga Seneviratne has on September 4th sold 300,000 shares at a price of Rs1.2/share.  This information became public via a CSE disclosure released on September 6th.  Initially an erroneous disclosure had said the shares were sold by Investor Access Equities, a company controlled by Seneviratne.

These sales are at the same price in which new ALHP controlling shareholder SOMAP will be making their mandatory offer. Stockbrokers suggest that these sales are an indication that Seneviratne intends to divest his entire shareholding in ALHP and move on at Rs1.2/share.

Seneviratne still retains control over suspended stock brokerage Nation Lanka Equities, which could possibly be revived with proceeds from his divestiture of his stake in ALHP.

Market participants say that the return of the colourful Seneviratne the stock brokerage industry in Sri Lanka would at minimum make the dull Colombo Stock Exchange more interesting.