CLPL is going to convert it 1st warrant in early 2011. Person who has warrant allotted through rights, has to pay Rs.102( His cost is Rs.102 for the conversion) and person who bought 2011 warrant in trading floor, his cost Rs.129 ( Warrant trading @ Rs.25 and Conversion cost Rs.102). Hence before the conversion CLPL.N0000 should hit more than Rs.127. Otherwise Conversion will be UNSUCCESSFUL.
At present CLPL.N000 is trading at Rs.99, If it will hit Rs.130 before conversion, the MINIMUM RETURN would be 30%.
Strong financial results.
CLPL annualized EPS is Rs.5.70 and NAV Rs.76. When you look at CLPL financial,it has rapid growth and making investment in various sectors ( DPL and South Asia Textiles Industries Lanka Pvt Ltd).