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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Subdivision move boosts Serendib Eng (IDL) share price

Subdivision move boosts Serendib Eng (IDL) share price

4 posters

Go down  Message [Page 1 of 1]

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

A move to subdivide shares on Friday boosted Serendib Engineering Group Plc’s stock price by Rs. 9.80 or 9.35% to Rs. 114.60.
Serendib last week topped the list of gainers percentagewise up 35% or Rs. 29.60 to close at Rs. 114.60. It hit an intra-week high of Rs. 124.
The company announced the board has proposed to increase the number of ordinary shares in issue by way of subdivision on the basis of subdivision of one existing share into five.
Consequent to the proposed move subject to regulatory and shareholder approval, the company’s number of shares in issue will increase it to 32.38 million. Net asset per share is Rs. 31.78. Navara Capital holds 76% stake in Serendib Engineering whilst Lankem Group owns 12% stake.

http://www.ft.lk/2014/11/03/subdivision-move-boosts-serendib-eng-share-price/

NZ BOY

NZ BOY
Moderator
Moderator

this will move before split date ad least 150++++++

RPPA


Expert
Expert

NZ BOY wrote:this will move before split date ad least 150++++++

Possible........

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

IDL and SING also possible

CSE1

CSE1
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

RPPA wrote:
NZ BOY wrote:this will move before split date ad least 150++++++

Possible........

Rolling Eyes

RPPA


Expert
Expert

CSE1 wrote:
RPPA wrote:
NZ BOY wrote:this will move before split date ad least 150++++++

Possible........

Rolling Eyes

I won't make any explanations on IDL. Short & sweet.

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