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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » REEF W saga

REEF W saga

Go down  Message [Page 1 of 1]

1REEF W saga Empty REEF W saga Thu Feb 13, 2014 12:43 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Here we go...

Buyers at 0.9

2REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 12:53 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Isn't it good?
Look at GLAS when it is in troubled waters  Basketball Basketball Basketball 

3REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 12:57 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes

But isn't this counter in the oversold region?

4REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 1:04 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.

5REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 1:45 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:
@jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.


@small. I remember you were waiting till it reach 1.00. Any idea to buy this @ 1.00??

6REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 2:40 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Leon wrote:
@smallville wrote:
@jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.


@small. I remember you were waiting till it reach 1.00. Any idea to buy this @ 1.00??

The problem is unwanted panic in the market. So cannot be certain whether buyin at 1 will make sense. So I thot to observe a lil bit. If buying coms at 1.10, big volumes, this could be a 30% play.

7REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 2:49 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
I made a small speculative gamble today at Rs 1.

If reef result for dec is atleast marginally good,  this can give 20% -30% gain.

Also CLND play is there as speculation.


If not maybe 10% loss.

8REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 3:13 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:
@jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.
Be patient small. It has a potential to come down to 0.6 level..

9REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 4:05 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Can REEF.N reach 40/= in another 15 months time?

Honestly i don't believe

10REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 4:23 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
If I remember right somehow they push to Rs 40 last time in 2012 to get some warrants converted.
Then they did some mart jill to add more shares.

Am not saying it will happen again, but with NAV of 29 , some games by the known pushers in the company and maybe a bull market by then who knows.

So far it all talk , plans and speculations with this shares. No real earnings.



@jonta999 wrote:Can REEF.N reach 40/= in another 15 months time?

Honestly i don't believe

11REEF W saga Empty Re: REEF W saga Thu Feb 13, 2014 11:38 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:If I remember right somehow  they push to Rs 40 last time in 2012 to get some warrants converted.
Then they did some mart jill to  add more shares.

Am not saying it will happen again, but with NAV of 29 , some  games by the known pushers in the company  and maybe a bull market by then  who knows.

So far it all talk , plans and speculations with this shares. No real earnings.



@jonta999 wrote:Can REEF.N reach 40/= in another 15 months time?

Honestly i don't believe

And it's and ill liquid counter. So moving it to 40/- or more in a bull market is not a big issue. In the past it have such behaviors. Should not forget CITW will open for bookings in next few months.

I belive there's some other reason also for it to move ahead to 30s.

12REEF W saga Empty Re: REEF W saga Sat Feb 15, 2014 7:57 am

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jana1 wrote:
@smallville wrote:
@jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.
Be patient small. It has a potential to come down to 0.6 level..

How do you expect .60? Is is just a thought??

13REEF W saga Empty Re: REEF W saga Sat Feb 15, 2014 8:09 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
See there's no real earnings come in to play that ppl want to go ahead with ths..
We had hope that by 2015 REEF would pass at least 100 with the new 2 hotels added, 1 hotel - CITW is on the track to add revenue but on the other one, we have got no clue at all. The ideas, projections, enthusiasm was great at the right issue stage but where has it gone now?

Imo, for REEF.W to shine, REEF.N has to be dragged up to at least 20 from now on.. Then by the end of the year it has to stay above 50 for the conversion to happen.

14REEF W saga Empty Re: REEF W saga Mon Feb 17, 2014 10:54 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
What do you think about the conversion. I think it's a pretty easy conversion. REEF.N is highly ill -liquid. So moving it is easy than TFC.

I think some guys are in the process of grabbing quantities in margin accounts and desperate investors.

As there is considerable risk, it's not advisable to buy huge quantities. But an affordable risk will certainly reward.

15REEF W saga Empty Re: REEF W saga Mon Feb 17, 2014 11:54 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
ring meant to serve all since it's right issue. But Ring had only one master and it served only that master. Master used the money to sell his CLND shares with 100% gain in 2 weeks, also to run his finance company. Rest neither saw the hotel nor money.

16REEF W saga Empty Re: REEF W saga Tue Feb 18, 2014 9:00 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@hariesha wrote:What do you think about the conversion. I think it's a pretty easy conversion. REEF.N is highly ill -liquid. So moving it is easy than TFC.

I think some guys are in the process of grabbing quantities in margin accounts and desperate investors.

As there is considerable risk, it's not advisable to buy huge quantities. But an affordable risk will certainly reward.

Neither REEF.N nor REEF.W19 are illiquid.
On REEF. N, top guys hold nearly 62.86% and public has 22.8% or 22 Mil shares.
On REEF.W19, top 20 holds 61%, public has 20.8 Mil or 39% of shares.

Top 10 REEF.N holders are as follows,

1 PAN ASIA BANKING CORPORATION PLC /DIVASA EQUITY (PVT) LIMITED - 34,332,570 (35.52%)
2 SEYLAN BANK PLC / GEORGE STEUART ENGINEERING (PVT) LTD - 8,389,400 (8.68%)
3 PAN ASIA BANKING CORPORATION PLC /MR.A S R SILVA - 6,902,553 (7.14%)
4 VALLIBEL ONE PLC - 5,615,356 (5.81%)
5 ROYAL CERAMICS LANKA PLC - 2,768,276 (2.86%)
6 SEYLAN BANK PLC / CAPITAL TRUST HOLDINGS (PVT) LTD - 2,725,907 (2.82%)
7 COMMERCIAL BANK OF CEYLON PLC / CAPITAL TRUST HOLDINGS (PVT) LTD - 2,059,604 (2.13%)
8 CORONA T STORES (PRIVATE) LIMITED - 1,585,331 (1.64%)
9 LAUGFS GAS LIMITED - 1,500,000 (1.55%)
10 GEORGE STEUART & CO LTD - 1,305,000 (1.35%)

Top 10 warrant holders (W0019) of REEF are as follows,

1 PAN ASIA BANKING CORPORATION PLC /DIVASA EQUITY (PVT) LIMITED - 18,364,740 (29.19%)
2 PAN ASIA BANKING CORPORATION PLC/ MR A S R SILVA - 3,800,000 (6.04%)
3 SEYLAN BANK PLC/ THARANA GANGUL THORADENIYA - 3,575,718 (5.68%)
4 CORONA T STORES LTD - 1,316,708 (2.09%)
5 MR W P A S PERERA - 1,253,509 (1.99%)
6 MISS W P N Y PERERA - 1,248,285 (1.98%)
7 SEYLAN BANK PLC/ JAYANTHA DEWAGE - 1,022,484 (1.63%)
8 SEYLAN BANK PLC / GEORGE STEUART ENGINEERING (PVT) LTD - 1,000,000 (1.59%)
9 SEYLAN BANK PLC / W D N H PERERA - 926,885 (1.47%)
10 PAN ASIA BANKING CORPORATION PLC/ MR RAVINDRA ERLE RAMBUKWELLA - 750,000 (1.19%)

However, if you look at it, they may also control the small accounts and it can be their game too..
I agree on the other two points of yours.. May be margin holders buy share at 0.90. But its risky buyin big quantities..

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