📉 COLG: SELL Signal (7/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

📌 Key Takeaways

• 📉 Siza Services (Private) Limited sold 525,000 shares of COLG.
• 💰 The transaction occurred at a rate of PKR 1,297.75 per share.
• 📅 The sale was executed on December 1, 2025.
• 📊 Post-transaction, Siza Services holds 60,849,396 shares.
• 📉 Siza Services’ stake is now 25.064% of COLG.
• 📄 The shares were held electronically via CDC.
• 🏢 Siza Services is identified as a substantial shareholder.
• 📜 The disclosure is under PSX Regulation 5.6.4.
• 🗓️ The announcement was made on December 2, 2025.
• 🔍 This action could signal a shift in investment strategy by Siza Services.
• ⚠️ Investors may interpret this as a potential negative signal for COLG.
• 🤔 Further analysis is needed to understand the reasons behind the sale.

🎯 Investment Thesis

SELL. The reduction in shareholding by a substantial shareholder warrants a cautious approach. While the company’s fundamentals may remain sound, the negative sentiment could lead to short-term price decline. A price target of PKR 1,200 is set based on a potential 7.5% decrease from the transaction price. Time horizon: 3-6 months.