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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » SUBDIVISION OF SHARES - ECL

SUBDIVISION OF SHARES - ECL

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1SUBDIVISION OF SHARES - ECL Empty SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 4:04 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/5051298371176_.pdf

Is it really necessary?

2SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 4:15 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
good idea if u ask me.

3SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 4:58 pm

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
oh! that is why all this happen? now what! Shocked

4SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 5:37 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@mono wrote:good idea if u ask me.
ECL didn't have any issue on liquidity. It would be fairly ok if the subdivision is 2:1. But I believe 7:1 is too much for lower valued share like ECL.

5SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 5:58 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics
May be buki, cars should do a split 1:150 :-D

ECL is around Rs. 25. What are they playing at? Do they want to be a Nawaloka?
Who gains from this? Shouldn't the ECL concentrate on finding new customers, increase their profits, minimize their expenses, expand their business?
It looks like splitting is the only thing Sri Lankan companies are capable of. This shows the state of Sri Lankan companies and their management.

6SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 6:00 pm

mark

mark
Expert
Expert
@wis wrote:May be buki, cars should do a split 1:150 :-D

ECL is around Rs. 25. What are they playing at? Do they want to be a Nawaloka?
Who gains from this? Shouldn't the ECL concentrate on finding new customers, increase their profits, minimize their expenses, expand their business?
It looks like splitting is the only thing Sri Lankan companies are capable of. This shows the state of Sri Lankan companies and their management.

no need of split....high liquidity will kill the value..such like RICH......

7SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 6:05 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
There are companies like DIMO, ASHO, CFIN, NEH, BFL, LCEY, HDFC, EBCR, CFLB desperately need for share split. Not ECL

8SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 6:25 pm

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
@Monster wrote:There are companies like DIMO, ASHO, CFIN, NEH, BFL, LCEY, HDFC, EBCR, CFLB desperately need for share split. Not ECL

Agreed... Hmm !!!! I guess the news of ECL subdivision was leaked to the market before hand..

9SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 6:56 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
yes it was leaked.
I actually found that on CSW website n posted in this forum.
Thats why De Zoyza put a huge 2 million share buying order at 21.x LKR
its there on cse...

10SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:04 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Question
i'm speechless affraid

11SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:06 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Meta Trader wrote: Question
i'm speechless affraid

are u speechless about the leak or about the split. I think the split is necessary.

12SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:11 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@mono wrote:
@Meta Trader wrote: Question
i'm speechless affraid

are u speechless about the leak or about the split. I think the split is necessary.


Mono, why do you think split is necessary for high liquidity share like ECL? Mad

13SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:27 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@Monster wrote:
@mono wrote:
@Meta Trader wrote: Question
i'm speechless affraid

are u speechless about the leak or about the split. I think the split is necessary.


Mono, why do you think split is necessary for high liquidity share like ECL? Mad

ECL is not that liquid. total shares 17mn, it's market cap is 476mn. public holding used to be around 8mn but recently there has been alot of long term buying one director bought 2mn and zoysa bought 2mn. so public float is around 4mn shares valued at around 100mn. I feel that even at these liquidity levels given the small cap size there is way too much volatility.

Oh, and i also get the feeling that the directors think that the present value of the share is difficult to maintain. an increase in liquidity might help buffer the down turn.

14SUBDIVISION OF SHARES - ECL Empty This would be better than Spit. Tue Feb 22, 2011 7:34 pm

MarketResearch

MarketResearch
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
They are going for a Slip.But ultimately they will Blast themselves instead of Split.

15SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:34 pm

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@mono wrote:
@Monster wrote:
@mono wrote:
@Meta Trader wrote: Question
i'm speechless affraid

are u speechless about the leak or about the split. I think the split is necessary.


Mono, why do you think split is necessary for high liquidity share like ECL? Mad

ECL is not that liquid. total shares 17mn, it's market cap is 476mn. public holding used to be around 8mn but recently there has been alot of long term buying one director bought 2mn and zoysa bought 2mn. so public float is around 4mn shares valued at around 100mn. I feel that even at these liquidity levels given the small cap size there is way too much volatility.

Oh, and i also get the feeling that the directors think that the present value of the share is difficult to maintain. an increase in liquidity might help buffer the down turn.

silent silent silent

can you remember these words ....... Suspect

PCH should trade above ECL ....... silent silent silent Suspect

16SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:42 pm

MarketResearch

MarketResearch
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Meta Trader wrote:
@mono wrote:
@Monster wrote:
@mono wrote:
@Meta Trader wrote: Question
i'm speechless affraid

are u speechless about the leak or about the split. I think the split is necessary.


Mono, why do you think split is necessary for high liquidity share like ECL? Mad

ECL is not that liquid. total shares 17mn, it's market cap is 476mn. public holding used to be around 8mn but recently there has been alot of long term buying one director bought 2mn and zoysa bought 2mn. so public float is around 4mn shares valued at around 100mn. I feel that even at these liquidity levels given the small cap size there is way too much volatility.

Oh, and i also get the feeling that the directors think that the present value of the share is difficult to maintain. an increase in liquidity might help buffer the down turn.

silent silent silent

can you remember these words ....... Suspect

PCH should trade above ECL ....... silent silent silent Suspect

Yes,It was said by MarketWatch at investnow.lk.Now it is going to be a truth.Come on MarketWatch.
He was talking about PCH barriers:
First ECL,Then DPL Hih Hih Hih......(It is going to be realistic)

17SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 7:43 pm

$$$


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Well yeah ECL will remain stagnant just like many shares trading below th Rs.5 mark and this will augur well for the directors. They can tell share holders that now instead of one share you own 7 :)even though it will be stagnant at a lower price for a while unless they start aggressively increasing revenue and look at new opportunities.

The share too will not be as volatile since the float will be increased. Now when ever its goes up there will be skeptics since its performance does not in any way justify its increase hence the price band i think

18SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 8:06 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
my question is when there is a subdivision of shares 7 for 1, technically;

27.30LKR / 7 = 3.90LKR

the share prices should adjust to 3.90 LKR. Is that whats going to happen? Or due to this announcement will the prices go up again on tomorrow?
I dont think this subdivision helps shareholders at all. Anyway ECL is a affordable share for all. I wonder whats the purpose of this decision. Anyway this information was leaked... Always the case of CSE. If the volume goes high suddenly, there is always a news on the way.....

19SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 8:20 pm

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@chamith wrote:my question is when there is a subdivision of shares 7 for 1, technically;

27.30LKR / 7 = 3.90LKR

the share prices should adjust to 3.90 LKR. Is that whats going to happen? Or due to this announcement will the prices go up again on tomorrow?
I dont think this subdivision helps shareholders at all. Anyway ECL is a affordable share for all. I wonder whats the purpose of this decision. Anyway this information was leaked... Always the case of CSE. If the volume goes high suddenly, there is always a news on the way.....

only about 6 Mn shares at public hand. 3 big players are collecting it aggressively. only 17 Mn shares issued. remember, market is not 100% driven by fundamental nor technical. shares like ECL has less shares, remember what happen CFT 6 months ago. 30 Rs share boost to 90 Rs with announce of 1:10 sub division.

ECL subdivision is good. forget fundamentals, if you have ECL keep it. Exclamation

20SUBDIVISION OF SHARES - ECL Empty Re: SUBDIVISION OF SHARES - ECL Tue Feb 22, 2011 11:17 pm

Carolis


Manager - Equity Analytics
Manager - Equity Analytics
@mark wrote:
@wis wrote:May be buki, cars should do a split 1:150 :-D

ECL is around Rs. 25. What are they playing at? Do they want to be a Nawaloka?
Who gains from this? Shouldn't the ECL concentrate on finding new customers, increase their profits, minimize their expenses, expand their business?
It looks like splitting is the only thing Sri Lankan companies are capable of. This shows the state of Sri Lankan companies and their management.

no need of split....high liquidity will kill the value..such like RICH......

Very true.

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