WAPO pricing - I cant understand

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.

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

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?

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?

dmjesua wrote:hi, what do you think about price of WAPO.R?????
So much price different.

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....!!!!!!

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.

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.

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.

Monster wrote:There can be price band for WAPO.R today.

sapumal wrote:daaamm adddaaam ### $$$
WAPO right closing price is 14.50

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........ :( :( :(

godswen wrote:

sapumal wrote:daaamm adddaaam ### $$$
WAPO right closing price is 14.50

How could it be?