They will write off the Losses by way of Reducing stated capitol ...and will vote for it ..then will go against the SUBDIVISION ..
After the reduction of the stated capital i think Book value of the shares will come down from present 3.34 to 2.12 levels ..so if they go for a subdivision then its 2.2 /14 ..it will be 0.15 Book value per share ...They may no go ahead with this ...
But i believe after the reduction of the stated capitol ..Share price will move Up ......
Reasons are :
Currently with the new management they have got some good orders from foreign companies specially from india and they are planing to open up few overseas selling outlets as well as outlets in sri Lanka ..to attract increasing tourists ...
in the coming quarters they may show excellent results with the write off of the accumulated losses ...
......this is y am a fan of BLUE ...Its a golden arc for long term investors .....SHORT TERM TRADING OPPORTUNITIES ARE ALSO FOR SURE THERE .....& its a highly liquid share too............
.......its your money ...win or loose its your decision .......................Happy trading guys ..













