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AITKEN SPENCE HOTEL HOLDINGS PLC
ANILANA HOTELS AND PROPERTIES PLC
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BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
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CARGO BOAT DEVELOPMENT COMPANY PLC
CEYLON GRAIN ELEVATORS PLC Hot
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COMMERCIAL CREDIT AND FINANCE PLC
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DIALOG AXIATA PLC
DISTILLERIES COMPANY OF SRI LANKA PLC
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HAYLEYS FABRIC PLC
HVA FOODS PLC
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JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
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LANKEM CEYLON PLC
LAUGFS GAS PLC
LUCKY LANKA MILK PROCESSING COMPANY PLC
M
N
NATION LANKA FINANCE PLC
NESTLE LANKA PLC
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PEOPLE'S LEASING & FINANCE PLC
PIRAMAL GLASS CEYLON PLC
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There is an old market adage: "A rising tide lifts all boats", which implies that all shares will rise in a strong market. (Incidentally the expression is often attributed to the legendary investor Warren Buffett but it actually originates from John F Kennedy, who used the saying to describe general economic upswings.)@dhanurrox wrote:We waited for the bull run,Every share will have it's time.Be patient without complaining.
I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back:)Now tell me exit price for CIT
you are the master in cit and cfi ne
@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back:)Now tell me exit price for CIT
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
@The Alchemist wrote:@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back:)Now tell me exit price for CIT
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Taking into consideration past price performance between CIT / CFI & CFLB (during 2010-2012), the NAV of CIT/CFI and the intrinsic discount it trades to its NAV, CIT should trade minimum 5 times CFLB Price and CFI should trade Rs 15-20 below CIT price. also remember this formula steeply discounts the CIT/CFI Market Price to NAV proposition.
As CIT is below the threshold 20 % Free Float requirement, one way to overcome this may be to merge with CFI by offering (new) CIT shares to the existing minority CFI shareholders, as it owns over 40 % in CFI as of now. (I have not done the math on this one yet - just a hunch as it would be killing two birds with one stone - free float requirement and merger making sense as we discussed earlier).
@mark wrote:@The Alchemist wrote:@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back:)Now tell me exit price for CIT
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Taking into consideration past price performance between CIT / CFI & CFLB (during 2010-2012), the NAV of CIT/CFI and the intrinsic discount it trades to its NAV, CIT should trade minimum 5 times CFLB Price and CFI should trade Rs 15-20 below CIT price. also remember this formula steeply discounts the CIT/CFI Market Price to NAV proposition.
As CIT is below the threshold 20 % Free Float requirement, one way to overcome this may be to merge with CFI by offering (new) CIT shares to the existing minority CFI shareholders, as it owns over 40 % in CFI as of now. (I have not done the math on this one yet - just a hunch as it would be killing two birds with one stone - free float requirement and merger making sense as we discussed earlier).
Thanks sooo much dear anto and alchemist
Yet no move in CIT or CFI even CFLB moved from 27 to 31.50. Seems someone on the selling.
@anto- i also have CIT at avg 101, ill wait for another week and sell off if not make a move.
@Backstage wrote:@mark wrote:@The Alchemist wrote:@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back:)Now tell me exit price for CIT
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Taking into consideration past price performance between CIT / CFI & CFLB (during 2010-2012), the NAV of CIT/CFI and the intrinsic discount it trades to its NAV, CIT should trade minimum 5 times CFLB Price and CFI should trade Rs 15-20 below CIT price. also remember this formula steeply discounts the CIT/CFI Market Price to NAV proposition.
As CIT is below the threshold 20 % Free Float requirement, one way to overcome this may be to merge with CFI by offering (new) CIT shares to the existing minority CFI shareholders, as it owns over 40 % in CFI as of now. (I have not done the math on this one yet - just a hunch as it would be killing two birds with one stone - free float requirement and merger making sense as we discussed earlier).
Thanks sooo much dear anto and alchemist
Yet no move in CIT or CFI even CFLB moved from 27 to 31.50. Seems someone on the selling.
@anto- i also have CIT at avg 101, ill wait for another week and sell off if not make a move.
Mark CIT at 101 av is great. If you can hold for a couple of years ,you could get 400 to 500 %. Its that type of a share.
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