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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » AMANA TAKAFUL - RIGHTS ISSUE

AMANA TAKAFUL - RIGHTS ISSUE

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1AMANA TAKAFUL - RIGHTS ISSUE Empty AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 9:21 pm

RoomGirl


Manager - Equity Analytics
Manager - Equity Analytics
AMANA TAKAFUL PLC
Company ID: - ATL
Date of Initial Announcement: - 21st.Oct.2014
Proportion: - One (01) new ordinary shares for every two (02) existing ordinary shares held
Issue Price: - Rs. 0.80 /-
Qty Offered: - 500,000,360
General Meeting / Provisional Allotment: - 10.Dec.2014
Date EX: - 11.Dec.2014
Dispatch of Provisional Letter of Allotment: - 17.Dec.2014
Trading Commences on: - 23.Dec.2014
Renunciation: - 31.Dec.2014
Last Date of Acceptance & Payment: - 02.Jan.2015
Share Transfer Book Open

2AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:02 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thx.
What is next?

3AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:06 pm

RoomGirl


Manager - Equity Analytics
Manager - Equity Analytics
@fff4sl wrote:Thx.
What is next?

Dont have any idea. May be experts will help us. Very Happy

4AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:12 pm

indi009

indi009
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I would rather go for JINS rather than going for AMANA.

But then again JINS have already moved alot. I believe it might hit Rs.27/- max

5AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:15 pm

fff4sl

fff4sl
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Will this go further down???

6AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Sat Nov 15, 2014 11:38 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I not enter in to this as a investment. For short tearm trading its ok but future of this share is not much clear. There are some positive facts but I will wait some time without entering.

7AMANA TAKAFUL - RIGHTS ISSUE Empty AMANA TAKAFUL RIGHTS ISSUE - My Take Mon Jan 19, 2015 11:45 am

ChiefJustice


Equity Analytic
Equity Analytic
Hi

Just looking at this issue, and since I invested a bit in ATL shares at 1.90, I thought I'll base the calculations on this and share with everyone for your comments.

Since they are issuing a one for 2 at 80 cents,

Held, 1 share at 1.9, 2 shares cost 3.8
Third share cost 0.8

Therefore new value of a share for me is, (2*1.9 + .8 ) /3
= 1.53

So after the rights come out, I'll have to sell at higher than 1.6 to break even.

However I don't expect the shares to go above 1.5 once the rights are issued. I expect them to get me only 1.40. Also, a lot of people who bought for .8 may want to sell them for even 1.0. Eg, for 100,000 shares I'll get 50,000 rights. so by selling off the rights for 50,000, you make 10,000 on the spot (not considering the capital price drop of the initial 100,000 which they may want to keep for long term).

8AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Mon Jan 19, 2015 11:57 am

OneYear


Manager - Equity Analytics
Manager - Equity Analytics
@ChiefJustice wrote:Hi

Just looking at this issue, and since I invested a bit in ATL shares at 1.90, I thought I'll base the calculations on this and share with everyone for your comments.

Since they are issuing a one for 2 at 80 cents,

Held, 1 share at 1.9, 2 shares cost 3.8
Third share cost 0.8

Therefore new value of a share for me is, (2*1.9 + .8 ) /3
= 1.53

So after the rights come out, I'll have to sell at higher than 1.6 to break even.

However I don't expect the shares to go above 1.5 once the rights are issued. I expect them to get me only 1.40. Also, a lot of people who bought for .8 may want to sell them for even 1.0. Eg, for 100,000 shares I'll get 50,000 rights. so by selling off the rights for 50,000, you make 10,000 on the spot (not considering the capital price drop of the initial 100,000 which they may want to keep for long term).


Why people want to sell @ 1/-?? They got shares at .80 after inuring a cost of price reduction after right issue? if they sell at 1/- then they might be at a loss? Unless they got additional shares.

9AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 10:56 am

ChiefJustice


Equity Analytic
Equity Analytic
@OneYear wrote:
@ChiefJustice wrote:Hi

Just looking at this issue, and since I invested a bit in ATL shares at 1.90, I thought I'll base the calculations on this and share with everyone for your comments.

Since they are issuing a one for 2 at 80 cents,

Held, 1 share at 1.9, 2 shares cost 3.8
Third share cost 0.8

Therefore new value of a share for me is, (2*1.9 + .8 ) /3
= 1.53

So after the rights come out, I'll have to sell at higher than 1.6 to break even.

However I don't expect the shares to go above 1.5 once the rights are issued. I expect them to get me only 1.40. Also, a lot of people who bought for .8 may want to sell them for even 1.0. Eg, for 100,000 shares I'll get 50,000 rights. so by selling off the rights for 50,000, you make 10,000 on the spot (not considering the capital price drop of the initial 100,000 which they may want to keep for long term).


Why people want to sell @ 1/-?? They got shares at .80 after inuring a cost of price reduction after right issue? if they sell at 1/- then they might be at a loss? Unless they got additional shares.


You are absolutely right. I should have mentioned there are a lot of ppl who bought at 1.8 and when, after the rights issue the price went back to 1.8, they sold all their first shares. So when the rights come out,1.0 is a profit.
The comment about loss in value of existing shares covers the others still holding.

10AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 10:59 am

MRKZZ


Stock Analytic
Stock Analytic
when this right shares will start trading?

11AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 11:21 am

ChiefJustice


Equity Analytic
Equity Analytic
@MRKZZ wrote:when this right shares will start trading?

Not sure. I assume they will have issues distributing the applications for additional shares.

The published info so far:
AMANA TAKAFUL PLC
Company ID: - ATL
Date of Initial Announcement: - 21st.Oct.2014
Proportion: - One (01) new ordinary shares for every two (02) existing ordinary shares held
Issue Price: - Rs. 0.80 /-
Qty Offered: - 500,000,360
General Meeting / Provisional Allotment: - 10.Dec.2014
Date EX: - 11.Dec.2014
Dispatch of Provisional Letter of Allotment: - 17.Dec.2014
Trading Commences on: - 23.Dec.2014
Renunciation: - 31.Dec.2014
Last Date of Acceptance & Payment: - 02.Jan.2015
Share Transfer Book Open

12AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 11:42 am

OneYear


Manager - Equity Analytics
Manager - Equity Analytics
all ready 12 market days went. as per the rules, should start within 12 days.

13AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 11:16 am

ChiefJustice


Equity Analytic
Equity Analytic
@MRKZZ wrote:when this right shares will start trading?
They started trading 27/01/2015

14AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 11:25 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics
That's Why ATL price coming down

15AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 3:22 pm

OneYear


Manager - Equity Analytics
Manager - Equity Analytics
All who got additional shares might have sold today with a good profit.

16AMANA TAKAFUL - RIGHTS ISSUE Empty Re: AMANA TAKAFUL - RIGHTS ISSUE Wed Jan 28, 2015 11:55 am

ChiefJustice


Equity Analytic
Equity Analytic
@OneYear wrote:All who got additional shares might have sold today with a good profit.
This is the time to buy, not sell Smile

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