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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » WAPO pricing - I cant understand

WAPO pricing - I cant understand

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41WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:19 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:Hope my calculation is wrong. This will blow all the Investors believing in findamentals driven market.


Say some one bought Wapo.N at RS 3000 ( for argument sake).

1) Initial cost of investment = Rs 300000

2) According to "Proportion:- Seventy Five (75) new ordinary shares for every two (02) shares held
Issue Price:- Rs.20/- "

He/She would receive = 100*75/2= 3750 rights.

3) Rights were trading as much as around rs 2000 in the morning.

For sanity let assume some one sold Rights at Rs500 each.

So Gain from rights = 3750 * 500= Rs 1875000

Total Gain = Rs 1875000- Rs 300000= Over Rs 1.5 Million!!!!


Image some one sold over Rs1000 a right!!!! Gain???

All this for a company with
Quarter EPS = (0.11)
Nine Month EPS = 0.46
NVPS = 21.25



I really hope I am mistaken else this is enough drive the investors holding fundamentals with positive earnign insane. This is CSE.

BTW, you can still sell original shares at Rs 2500. So your gain will be over Rs 1.8 Million.

Can you top that will any nvestoment. Over to you... I am dumb founded.

42WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:19 pm

Monster


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@tubal wrote:Well the blood bath that monster and mark have been predicting is here, but it's with WAPO.R instead of WAPO.N

Did you notice it's trading range. 10.30 - 2500
Yes, your eyes are not deceiving you and I did type that correctly. The lowest price for WAPO.R is 10.3 At the time of writing it's trading at 450.00
WAPO.N will follow

43WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:20 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Gaja wrote:
@tubal wrote:Well the blood bath that monster and mark have been predicting is here, but it's with WAPO.R instead of WAPO.N

Did you notice it's trading range. 10.30 - 2500
Yes, your eyes are not deceiving you and I did type that correctly. The lowest price for WAPO.R is 10.3 At the time of writing it's trading at 450.00

I am waiting to know the buyer, because the seller must be carsons, so is it an internal transfer?

I guess you started your thread and I posted my reply here almost at the same time :-) 22 million rights sold. I guess you are right about carsons being the seller.

44WAPO pricing - I cant understand - Page 3 Empty WAPO pricing - I cant understand Tue Mar 01, 2011 2:23 pm

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics


WAPO was trading @ about 9000.00 ( I do not know about this valuation)

After diluting by issuing 37 rights per share it should be

9000/37 = 245.00

1 Right is 20 Rupees.


At the moment WAPO and WAPO R are trading as follows:

WAPO = 2100.00

WAPO R = 430.00


9000 / 37 = 2100 ?

430 + 20 = 2100.00 ?

Anything I miss here? Can anyone help me?

45WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:24 pm

Slstock


Director - Equity Analytics
Director - Equity Analytics
Hope my calculation is wrong. This will blow all the Investors believing in findamentals driven market.


Say some one bought Wapo.N at RS 3000 ( for argument sake).

1) Initial cost of investment = Rs 300000

2) According to "Proportion:- Seventy Five (75) new ordinary shares for every two (02) shares held
Issue Price:- Rs.20/- "

He/She would receive = 100*75/2= 3750 rights.

3) Rights were trading as much as around rs 2000 in the morning.

For sanity let assume some one sold Rights at Rs500 each.

So Gain from rights = 3750 * 500= Rs 1875000

Total Gain = Rs 1875000- Rs 300000= Over Rs 1.5 Million!!!!


Image some one sold over Rs1000 a right!!!! Gain???

All this for a company with
Quarter EPS = (0.11)
Nine Month EPS = 0.46
NVPS = 21.25


I really hope I am mistaken else this is enough drive the investors holding fundamentals with positive earnign insane. This is CSE.

46WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:31 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Business Basil wrote:

WAPO was trading @ about 9000.00 ( I do not know about this valuation)

After diluting by issuing 37 rights per share it should be

9000/37 = 245.00

1 Right is 20 Rupees.


At the moment WAPO and WAPO R are trading as follows:

WAPO = 2100.00

WAPO R = 430.00


9000 / 37 = 2100 ?

430 + 20 = 2100.00 ?

Anything I miss here? Can anyone help me?

Manipulation and Illiquidity at supreme my friend. This must be taking the Cake. Just read my post on the gain one would have made on this if a person bought 100 shares soon after rights were annouced!!! You will be schocked.

47WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:31 pm

fair investor


Equity Analytic
Equity Analytic
I think SEC has to cancel WAPO trading during last fewdays





Last edited by fair investor on Tue Mar 01, 2011 3:12 pm; edited 3 times in total

48WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:34 pm

dmjesua


Senior Equity Analytic
Senior Equity Analytic
hi, what do you think about price of WAPO.R?????
So much price different.



49WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:37 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@dmjesua wrote:hi, what do you think about price of WAPO.R?????
So much price different.





Manipulation and Illiquidity at supreme my friend. This must be taking the Cake. Just read my post on the gain one would have made on this if a person bought 100 shares soon after rights were annouced!!! You will be schocked.

50WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:43 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
There can be price band for WAPO.R today.

51WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:55 pm

dmjesua


Senior Equity Analytic
Senior Equity Analytic
Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

52WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:03 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@dmjesua wrote:Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

Well they will not get any sympathy from me. Only the biggest kind of fool would buy a share at 2000 when it's real value is more like 200. My signature says it all.

53WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:06 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:
@slstock wrote:Hope my calculation is wrong. This will blow all the Investors believing in findamentals driven market.


Say some one bought Wapo.N at RS 3000 ( for argument sake).

1) Initial cost of investment = Rs 300000

2) According to "Proportion:- Seventy Five (75) new ordinary shares for every two (02) shares held
Issue Price:- Rs.20/- "

He/She would receive = 100*75/2= 3750 rights.

3) Rights were trading as much as around rs 2000 in the morning.

For sanity let assume some one sold Rights at Rs500 each.

So Gain from rights = 3750 * 500= Rs 1875000

Total Gain = Rs 1875000- Rs 300000= Over Rs 1.5 Million!!!!


Image some one sold over Rs1000 a right!!!! Gain???

All this for a company with
Quarter EPS = (0.11)
Nine Month EPS = 0.46
NVPS = 21.25



I really hope I am mistaken else this is enough drive the investors holding fundamentals with positive earnign insane. This is CSE.

BTW, you can still sell original shares at Rs 2500. So your gain will be over Rs 1.8 Million.

Can you top that will any nvestoment. Over to you... I am dumb founded.

And all in a matter of two or three weeks. No wonder some of the new comers think guys like you and me are nuts when we talk about values.

54WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:11 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@tubal wrote:
@dmjesua wrote:Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

Well they will not get any sympathy from me. Only the biggest kind of fool would buy a share at 2000 when it's real value is more like 200. My signature says it all.

More like Rs 20. See what the COmpany said in their Interim report. To Company it is worth Rs 2 at most as below. Then comes the crossing at Rs 10.3. Anyone who buy it at Rs 500 even, why do they buy it. I agree with Tubal. No sympathy for them from me too.


"The rights issue price of Rs. 20 per share approximates closely to the prevailing net asset value of the
Company, which was Rs. 21.25 per share as at 31st December 2010. When the rights issue is concluded, the
resulting net asset value per share would work out to approximately Rs. 20.05, based on the published net
asset value as at end December 2010. "

55WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:12 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@tubal wrote:
@dmjesua wrote:Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

Well they will not get any sympathy from me. Only the biggest kind of fool would buy a share at 2000 when it's real value is more like 200. My signature says it all.

More like Rs 20. See what the COmpany said in their Interim report. To Company it is worth Rs 2 at most as below. Then comes the crossing at Rs 10.3. Anyone who buy it at Rs 500 even, why do they buy it. I agree with Tubal. No sympathy for them from me too.


"The rights issue price of Rs. 20 per share approximates closely to the prevailing net asset value of the
Company, which was Rs. 21.25 per share as at 31st December 2010. When the rights issue is concluded, the
resulting net asset value per share would work out to approximately Rs. 20.05, based on the published net
asset value as at end December 2010. "

56WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:13 pm

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
@Monster wrote:There can be price band for WAPO.R today.

No Price band today!

57WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:29 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
daaamm adddaaam ### $$$
WAPO right closing price is 14.50

58WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:35 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@sapumal wrote:daaamm adddaaam ### $$$
WAPO right closing price is 14.50


How could it be?

59WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 4:02 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@mark wrote:
@Monster wrote:WAPO is 50% up today but no price band imposed. Why SEC is silent? :confused: Our market is overheated because of Carson group. Can any one tell me what's PER for the palm oil sector? Should be more than 50. :evil:

bro..........,me and only you commenting on this scam..........thanks bro for your comments..
today also 19splits @ 1942.00.................but today 3200 shares traded........ :( :( :(

No point of you and me writing the blogs... These guys with deep pockets they can go through the holes. At the end , innocent guys will suffer

http://forum.srilankaequity.com/t1032-if-this-trend-continues-huge-drop-in-the-market-and-disaster-is-inevitable

I have fed up with this damn system... market will react adversly one day... hope things won't be terrible as in Bangladesh.

60WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Tue Mar 01, 2011 6:40 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@godswen wrote:
@sapumal wrote:daaamm adddaaam ### $$$
WAPO right closing price is 14.50


How could it be?

due to 21mn trading at Rs11

61WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Wed Mar 02, 2011 12:13 am

mark

mark
Expert
Expert
http://www.cse.lk/cmt/upload_cse_announcements/4581298979056_.pdf

http://www.cse.lk/cmt/upload_cse_announcements/541298983816_.pdf

sale was done for group shareholding re organisation.............

62WAPO pricing - I cant understand - Page 3 Empty Re: WAPO pricing - I cant understand Wed Mar 23, 2011 1:13 pm

mark

mark
Expert
Expert
WAPO holders loosing their patience......................... tongue tongue tongue

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