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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Did anyone underestimate JKH?

Did anyone underestimate JKH?

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1Did anyone underestimate JKH?  Empty Did anyone underestimate JKH? Fri Oct 25, 2013 6:19 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Well, here is the answer. Still JKH is the king.

http://www.cse.lk/cmt/upload_cse_announcements/7281382702333_.pdf


Need to rotate some share I have to buy some in the future. Will have to wait for an opportunity though. Current price is too high with rights at Rs 175 though.


Btw, my fundamentals are still stuck. Anyone want to help me push them a bit  Very Happy Very Happy bounce 
CAn we expect the missed Sept to b the super Nov this time :-)


Did anyone underestimate JKH?  2012-10-30-Dick-Holding-Up-Balancing-Rock-Garden-of-the-Gods-Colorado-Springs-CO-2012-10-30_900x1171



Last edited by slstock on Fri Oct 25, 2013 6:42 pm; edited 3 times in total

2Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 6:22 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Just a reminder,

http://forum.srilankaequity.com/t31200-cse-and-future

Did anyone underestimate JKH?  Balancing-rock

3Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 7:01 pm

dhanurrox


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:Well, here is the answer. Still JKH is the king.

http://www.cse.lk/cmt/upload_cse_announcements/7281382702333_.pdf


Need to rotate some share I have to buy some in the future.  Will have to wait for an opportunity though.  Current price is too high with rights at Rs 175 though.


Btw,  my fundamentals are still stuck. Anyone want to help me push them a bit  Very Happy Very Happy bounce 
CAn we expect the missed Sept to b the super Nov this time :-)


Did anyone underestimate JKH?  2012-10-30-Dick-Holding-Up-Balancing-Rock-Garden-of-the-Gods-Colorado-Springs-CO-2012-10-30_900x1171
November will be more greener and bull will continue to 2014.Few big IPO's are on the cards and they will be followed by few overpriced IPO's.Like end of last bull run.Market cycle is continuing.Very Happy 

4Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 7:06 pm

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
High chance of subscribing the right issue in full is obvious, together with a high demand for additional shares & warrants. I believe everyone applied for additional shares would get at least a percentage since the attraction for the counter is rising.
Top conglomerate is supplying oxygen continuously easing the breath of the CSE. Investors are waiting for operational performance for the last quarter ended which will be another starting point to shoot up the prices.

5Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 8:05 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Well if it is oversubscribed we cannot count on it.


@worthiness wrote:I believe everyone applied for additional shares would get at least a percentage since the attraction for the counter is rising.

6Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 8:14 pm

econ

econ
Global Moderator
I wonder who have invested 22 billion on casino project? foreign fund or locals who love casinos?

7Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 8:17 pm

mark

mark
Expert
Expert
Yes.... SALT,RAINMAKER and some did as i remmebr Smile

8Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 8:20 pm

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
One worrying factor is that if JKH issues more than the allotted number of right shares then it will dilute the market price to great extent which will result in a crash.


Just want to find out that if a person has bought 100 rights and paid for that 100 rights will he get his full allocation?

9Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 9:02 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@dineshfernando wrote:One worrying factor is that if JKH issues more than the allotted number of right shares then it will dilute the market price to great extent which will result in a crash.


Just want to find out that if a person has bought 100 rights and paid for that 100 rights will he get his full allocation?
It's a rights issue. So they are not issuing more than the full allotment. People who have bought 100 rights will get their full allotment.

Here what they have meant by oversubscribed is, some have applied for additional shares expecting some entitled rights holders will not apply for their full entitlement. Buying additionals in this rights issue is extremely profitable as it costs only Rs.175/- and you are getting warrants free. Even the JKH price fallen to Rs. 205/-, investment in additional shares will give you near 40% return.

But here it seems everybody has applied for their full entitlement.

10Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 9:21 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@hariesha wrote: Buying additionals in this rights issue is extremely profitable as it costs only Rs.175/- and you are getting warrants free. Even the JKH price fallen to Rs. 205/-, investment in additional shares will give you near 40% return.

But here it seems everybody has applied for their full entitlement.
Hi hariesha, just wondering on the 40 % return calculation. for that to be true, warrants should trade at Rs 60 when JKH as you say falls to Rs 205. is this correct ?

you could still end up with some additional rights as it is highly improbable that each and every shareholder has subscribed to their entire allocation, although issue was substantially oversubscribed.

11Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Fri Oct 25, 2013 10:28 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@worthiness wrote:I believe everyone applied for additional shares would get at least a percentage since the attraction for the counter is rising.
That wont be possible since the rights are oversubscribed.

@dineshfernando wrote:One worrying factor is that if JKH issues more than the allotted number of right shares then it will dilute the market price to great extent which will result in a crash.


Just want to find out that if a person has bought 100 rights and paid for that 100 rights will he get his full allocation?
They will.. what rights u have now will be given, only additional if you request will not be on the cards unless ppl default payments Wink or if some ppl dont ask for their full entitlement.

However, JKH share price should be diluted in the proportion to this rights. When rights are converted.

12Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sat Oct 26, 2013 7:00 am

Fresher


Moderator
Moderator
However, JKH share price should be diluted in the proportion to this rights. When rights are converted.
That would have been at point of XR. But price may have downward pressure, solely due to some trying to book profits once converted shares enter the market



Last edited by npp on Sat Oct 26, 2013 7:59 am; edited 1 time in total

13Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sat Oct 26, 2013 7:46 am

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
OMG.. Won't I receive any additional share other than my entitlement?? Aiyo salli:bounce: bounce bounce bounce 

14Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sat Oct 26, 2013 9:40 am

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
As correctly mentioned in the topic.............

Now JKH is 1/3 bigger than what it was. And with the effects of W JKH can do lot more to the ASI chart every day.
This is not good ne??

15Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sat Oct 26, 2013 12:18 pm

K.Haputantri

K.Haputantri
Co-Admin
I think those who applied for small amounts would get priority when additionals are allocated.

Definitly, there are fractions left-out when entitlements were calculated, cheques not realised owing to mistakes & lack of funds, rejection of applications due to clerical errors, and also late applications etc. The criteria for allocation of additional shares may be in favour of applications for lesser numbers, I think.

As slstock and others who laid faith in JKH correctly said, over-subscription of JKH amidst wide spread contravercy over the so called Casino Bill and subsequent withdrawal of it, is a very good indication of future sun-shine days for the SEC. It shows that there are people who wants to invest in companies with sound fundamentals, come what may.

16Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sat Oct 26, 2013 1:10 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@The Alchemist wrote:
@hariesha wrote: Buying additionals in this rights issue is extremely profitable as it costs only Rs.175/- and you are getting warrants free. Even the JKH price fallen to Rs. 205/-, investment in additional shares will give you near 40% return.

But here it seems everybody has applied for their full entitlement.
Hi hariesha, just wondering on the 40 % return calculation. for that to be true, warrants should trade at Rs 60 when JKH as you say falls to Rs 205. is this correct ?

you could still end up with some additional rights as it is highly improbable that each and every shareholder has subscribed to their entire allocation, although issue was substantially oversubscribed.
When considering the other warrant in CSE, I think JKH warrants is worth above Rs.60/- when the share is @ Rs.205/- level.

17Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sun Oct 27, 2013 12:03 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Well, here is the answer. Still JKH is the king.

http://www.cse.lk/cmt/upload_cse_announcements/7281382702333_.pdf


Need to rotate some share I have to buy some in the future.  Will have to wait for an opportunity though.  Current price is too high with rights at Rs 175 though.


Btw,  my fundamentals are still stuck. Anyone want to help me push them a bit  Very Happy Very Happy bounce 
CAn we expect the missed Sept to b the super Nov this time :-)


Did anyone underestimate JKH?  2012-10-30-Dick-Holding-Up-Balancing-Rock-Garden-of-the-Gods-Colorado-Springs-CO-2012-10-30_900x1171
Never happened Super Oct/ November for last 12 years.. May be Super December/January............

18Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sun Oct 27, 2013 11:03 pm

viper123

viper123
Manager - Equity Analytics
Manager - Equity Analytics
@slstock wrote:

Btw,  my fundamentals are still stuck. Anyone want to help me push them a bit  Very Happy Very Happy bounce 
CAn we expect the missed Sept to b the super Nov this time :-)

Could you share with us some of your fundamentals that you are stuck.

19Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Sun Oct 27, 2013 11:51 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@viper123 wrote:
@slstock wrote:

Btw,  my fundamentals are still stuck. Anyone want to help me push them a bit  Very Happy Very Happy bounce 
CAn we expect the missed Sept to b the super Nov this time :-)

Could you share with us some of your fundamentals that you are stuck.
Let me guess a one ALLI? Cool  it will Definitely run with time.

sorry SLStock, i guess the fall session with the rights announcement was the correct time to enter. I guessed and posted it within my gut feeling, but even i couldn't get much due to financial limitations. i remember most people were play backward and expected JKH to fall down to 160's. it's too early to predict but current facts proving JKH hold the 200+ ground. I may be wrong.

But there should be second and repeated chances with rights conversion. it may be not huge price variation in few days. expecting some price variation within 3 months period.  I also applied for additional but very limited chance to get any.

20Did anyone underestimate JKH?  Empty Re: Did anyone underestimate JKH? Mon Oct 28, 2013 12:14 am

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@mark wrote:Yes.... SALT,RAINMAKER and some did as i remmebr Smile
Well, i am out of the game. JKH is too high for me. Unless it comes to my price somewhere close to 180.00 no interest despite whatever happened in the market. I trust it will come back when dust settles... History says so. Lets wait & see

Overall market, i sense some uptrend though there is no clear case for sustaining

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