What i feel,Your original post was to talk about REEF N not for Reef W 18.However 932 M is a significant amount when comparing with their yearly turnover 104M(10/11),6.2M for six months ended 30/09/11.
As per my calculation,Booked capital gain roughly as follows
REEF have transferred 20M shares to their subsidiary Kalpitiya Beach at 40(Original cost around 20)
Booked capital gain around 400M.
Kalpitiya having 40M shares at average cost 30=1200M
70% should go to REEF=840M
You all know CLND is a speculative & Bullshit share.Now only to play the drama.They will push the price,once they have released sep-Dec accounts & annual accounts.This is only for short term. REFF group play with Indexes & finally all investors have to suffer. Reff,CLND all should come to their fair price.For me CLND not worth 15/=
REFF EPS for 6 month negative(1.78)
Share Capital 932M.With this capital gain also they can go to 1-1.5 Eps(REff price now 44)
I dont think they can achieve EPS 1 from their real business even in next 5 years.
REFF 10/11 Revenue=104M
11/12 Six months revenue=6m
Unfortunately If CLND share falls down to 20L(High speculative share,NAPS 17+,EPS 0.10 check the accounts). They have to reverse the whole profit in coming years.still 40M shares in Reff group. Other thing is if they have sold 20M shares to outsiders( without transfer to Kalpitiya) CLND price would have fallen down drastically.No body even mad person do not buy CLND at 40.
Dont promote this share,this is a pure speculative & CRAP share.
Sorry. CLND gain might be not correct. This section was grabbed from my recent post " continues interest on W18)
Of course hotel business is in high demand at the moment. No question. If I collect money from generous public who would gladly offer me money I would also build a hotel. For the major share holders there is no question. They're the owners.
Who is the major share holder ? Can't you be the part of a major share holder ?
Who asked you to put money on Passikudah ?
Other than for trading in rallies in the counter this is not a investor friendly family of shares. They're trading shares.
If you had the share when they bought it @45 still you are in big profit
your cost = 45+2*25(right) + 2*30 (W17)= 155
revenue = 18*2 (W18)+ 15*4 (W19) + 44 * 5 = 300+ (within 1 and half year)
Net Asset value of the company were @17. Now it is @30