The details pertaining to the listings are as follows:
Type : Ordinary Voting Shares
Security Code : NIFL-N-0000
ISIN : LK0393N00005
Total no. of Shares to be listed : 100,716,730
The reference price of LKR 1.70.
What do you all think about this...
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@innam wrote:thanks to the relatively limited supply of shares that come onto the market in an introduction the insiders can make a killing in situations like these.
given how the CSE behaves those who buy at 27 on the bigger fool theory may even end up making money.
but anyone using their common sense can see that Nandamma (and their magical future prospects) is now valued at 2.8 BILLION which is nearly the same value as SFIN and compare this to VFIN which is valued at 1.6 BILLION.
so anybody jumping on the Nandamma as an INVESTMENT should ask themselves, is this better than SFIN and VFIN?
Of course buying and dumping on to a bigger fool is a different game (and probably the only way for traders to make money in the CSE right now).
Last edited by seyon on Thu Jul 21, 2011 7:52 pm; edited 2 times in total
Last edited by Kithsiri on Thu Jul 21, 2011 7:31 pm; edited 1 time in total (Reason for editing : Spelling error corrections!)
From tomorrow onwards, the chairman and board members are the persons who bought today...
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