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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » TOUCHWOOD capitalization of reserves

TOUCHWOOD capitalization of reserves

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41TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 9:21 am

kasun333


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Very Happy

42TOUCHWOOD capitalization of reserves - Page 3 Empty GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOD Tue Oct 02, 2012 9:23 am

sanju351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kasun333 wrote: Very Happy
http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf

Wonderful ...feel sorry for the Panic Sellers ....... lol! lol! lol! lol! lol! lol! lol! lol! lol!

43TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 9:26 am

troy


Moderator
Moderator
@sanju351 wrote:
@kasun333 wrote: Very Happy
http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf

Wonderful ...feel sorry for the Panic Sellers ....... lol! lol! lol! lol! lol! lol! lol! lol! lol!

What will be the impact on the price today?

44TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 9:32 am

Slstock


Director - Equity Analytics
Director - Equity Analytics
@troy wrote:
What will be the impact on the price today?

Note the capitalization for each share 1 :2 is at Rs 8.75 . Depending o n market this can be turned negative also vlaued at Rs 15. Once any bonus issue would be positive and it would jack up the price. Let see the mentality now.

anjelo


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
if u buy TWOD at 19 now. with bonus share you will come down to 16/-

19*2=(38+8.75)/3=15.58

so why not buy the share at 15.70 from the market later?????



Last edited by Monster on Tue Oct 02, 2012 11:20 am; edited 1 time in total (Reason for editing : Tile of the topic has changed to make it short)

46TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 10:05 am

wgsaman

wgsaman
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If i buy today or tommorow can i get bonus

47TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 10:23 am

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@wgsaman wrote:If i buy today or tommorow can i get bonus

Yes ..Dates are not given yet

48TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 10:26 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I think it should be

19x2 = 38. 38/3 = 12.66.

and not 19*2=(38+8.75)/3=15.58

8.75 is already in the assets.

somehow, in normal circumstances post bonus trading prices give you some return.

49TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 10:33 am

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@sanju351 wrote:
@wgsaman wrote:If i buy today or tommorow can i get bonus

Yes ..Dates are not given yet

You dont need to pay cash and its like a 8.75 Given by the company for every 2 shares ..

50TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 10:37 am

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
Split is just announced. So do not look at unforeseen future. Why buy a trading share when all the hype is over.

I am not promoting TWOD as a long term investment. But it will give lot of trading opportunities in the month of October.

So play sensibly. Don't grab quantities that you can't hold in a trend reversal. Don’t be too greedy either.

51TOUCHWOOD capitalization of reserves - Page 3 Empty TWOD - Dividend Tue Oct 02, 2012 10:39 am

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Chinwi wrote:I think it should be

19x2 = 38. 38/3 = 12.66.

and not 19*2=(38+8.75)/3=15.58

8.75 is already in the assets.

somehow, in normal circumstances post bonus trading prices give you some return.

TWOD we dont need to pay 8.75 we will be benifitted - if u buy 02 @ 19x2 38 u get 3 shares for 38 if it trades at 15 after the bonus - you get 15x 3 - 45 for your 38

Huge Financial Gain ..After the bonus issue some more news to follow benifiting share holders - it will be a Devident most of the brokers say


lol! lol! lol! lol! lol! lol!

52TOUCHWOOD capitalization of reserves - Page 3 Empty TWOD - Capitalization of Reserves Tue Oct 02, 2012 10:42 am

sanju351

sanju351
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
TWOD we don’t need to pay 8.75 we will be benefitted - if u buy 02 @ 19x2 38 u get 3 shares for 38 if it trades at 15 after the bonus - you get 15x 3 - 45 for your 38

Huge Financial Gain. After the bonus issue some more news to follow benefiting share holders - it will be

http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf



Last edited by smallville on Tue Oct 02, 2012 11:00 am; edited 1 time in total (Reason for editing : added the source)

53TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:02 am

zen

zen
Manager - Equity Analytics
Manager - Equity Analytics
But you have to pay Rs. 8.75 to get a share. So it's
Purchase price = 19x2= 38

Cost of additional share = 38 + 8.75 = 46.75

Average cost of a share = 46.75/3=15.58

Chinwi what do you mean by 8.75 is already in the assets?

54TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:03 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Capitalization of reserves announced;
http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf

This is like a bonus 1 share for 2 shares hold.. But the value may come down after the XC date..

(19*2)/3 = 12.66
So 13 is a fair value I see..



Last edited by smallville on Tue Oct 02, 2012 2:09 pm; edited 2 times in total (Reason for editing : amended a typo)

55TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:11 am

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
It's a good decission by the board if it is done in good faith, as TWOD price cannot be justified for the earnings and asset value.

PBV is less than 0.5X and PE is less than 3X @ Rs.19/-.

56TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:13 am

roshanalv

roshanalv
Manager - Equity Analytics
Manager - Equity Analytics
@zen wrote:But you have to pay Rs. 8.75 to get a share. So it's
Purchase price = 19x2= 38

Cost of additional share = 38 + 8.75 = 46.75

Average cost of a share = 46.75/3=15.58

Chinwi what do you mean by 8.75 is already in the assets?

u don't have to pay any money, this is just like a bonus, if u have 2 shares u will get 1 share free. Its not necessarily price should come down after capitalization of reserves, but its depend on the Mkt. situation. This is like a dividend with no tax reduction.

57TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:14 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
You do not have to pay 8.75 to get a share, Company fully pays for it using its reserves. WHat chinwi says it the total value of assets remain the same.

But the number of shares will increase and the price value per share will be less after capitaliation.




@zen wrote:But you have to pay Rs. 8.75 to get a share. So it's
Purchase price = 19x2= 38

Cost of additional share = 38 + 8.75 = 46.75

Average cost of a share = 46.75/3=15.58

Chinwi what do you mean by 8.75 is already in the assets?

58TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:29 am

zen

zen
Manager - Equity Analytics
Manager - Equity Analytics
Got it. Thanks Roshanlav and slstock. I bought this at 21.10 yesterday. I'm going to keep it till everything is over to get a first hand experience.

59TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:36 am

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@smallville wrote:Capitalization of reserves announced;
http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf

This is like a bonus 1 share for 2 shares hold.. But the value may come down after the XR date..

[8.75+(19*2)]/3 = 15.85
So 16 is a fair value I see..
Your calculation is wrong. You need not to pay Rs 8.75 to get the additional share.

Please refer http://forum.srilankaequity.com/t23373-twod-post-capitalization-of-reserves-share-price#140081

60TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 11:38 am

TortoizePlus

TortoizePlus
Manager - Equity Analytics
Manager - Equity Analytics
This offer is encouraging. I’ve decided to go for it at 19.10 due to below reasons.

1. NAV of TWOD is around 46 and the share is still trading less than half of it. So, in terms of NAV, the share price is massively undervalued. You are not buying an overvalued share.
2. The court issue is more favorable to the company. I don’t have any legal knowledge to justify but many are saying the case is not valid anymore.
3. Historically, TWOD gives you more trading opportunities during next hearing dates. The next hearing date is 6th November and a possibility for appreciating the share further is higher than going south.
4. Overall market sentiment is more bullish than bearish.
5. The bonus issue is a cover for any uncertain negative shake for the share price.
6. It is more rational to assume the share price to go to 30 from 19 than back to 12 or 13 before the bonus.

61TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 12:31 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Monster wrote:
@smallville wrote:Capitalization of reserves announced;
http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf

This is like a bonus 1 share for 2 shares hold.. But the value may come down after the XR date..

[8.75+(19*2)]/3 = 15.85
So 16 is a fair value I see..
Your calculation is wrong. You need not to pay Rs 8.75 to get the additional share.

Please refer http://forum.srilankaequity.com/t23373-twod-post-capitalization-of-reserves-share-price#140081

Yes corrected.. I forgot that we dont pay 8.75.

62TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 12:49 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Jana1 wrote:Technical is only applicable for shares which cannot be controlled by single investor/ couple of them. If that is not the case then he/ they can simply drag down the price to show the movement against the technical. Technical very rarely works man, most f them are only applicable for high cap mkts...
@kasun333 wrote:smallville whats technical says now is it going below 15 or pass 20

Draggin down the price to be done with severe attention or the manipulators could be the bait..

Technicals work,, at least to a 70% degree and most of the traders even dont have that kinda success rate now a days LOL.

Technicals showed a massive distribution and it showed the news is coming while we've not paid attention..

I give value to the comments by Hareisha cuz he has pointed out that a company based on biological assets cannot be valued as we normally do.. These trees take time to grow and to mature to sell so its a game with the time, if the trees are not successful, everything will be over..

On another thread I saw that Chinwi mentioned he managed to plant a better resulted crop for a lesser price than TWOD. So its the knowledge and commitment of the person who is keen on his investment. TWOD wont do it for us free so there's a fee involved.

There are two sides... But if the fair value is coming around 13 after XR buying this at 19 now would not be bad or good even. Remember this still commands an asset value over 40 (as I can remember).

Overall I've not taken any positions on this yet.. I continue to monitor to benefit in a price action only..

63TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 12:57 pm

Basnayake

Basnayake
Manager - Equity Analytics
Manager - Equity Analytics
morning 21.50. after few minutes going down sharply so how we have confidence this market. only Godahewa and few others know this market.

64TOUCHWOOD capitalization of reserves - Page 3 Empty Re: TOUCHWOOD capitalization of reserves Tue Oct 02, 2012 12:59 pm

RIO

RIO
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@smallville wrote:Capitalization of reserves announced;
http://www.cse.lk/cmt/upload_cse_announcements/7051349148121_.pdf

This is like a bonus 1 share for 2 shares hold.. But the value may come down after the XR date..

(19*2)/3 = 12.66
So 13 is a fair value I see..



XC


.

anjelo

anjelo
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@sanju351 wrote:
@kasun333 wrote:mokakda itn a apitath keyandako balanda sanju351 lol! lol! apitanam side ake ahema deyak pene nehane

hari nee ehanam TWOD walata atha nogaha innaa ...

sanju putha.oyage blue diamond tika wikkada????? :-)
patta padu athi needa???

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