What happened from 31/03/2010 till 01/Nov/2015
2009/10 Annual Report - Key points
trading price of the
share is not reflective of the true net worth of
the company due to illiquidity. Share trading
statistics point to the insignificant trading
activity, where trading took place only in
respect of less than 1% of the issued quantity
of shares in the last 3 years, leading to the
establishment of unduly high prices for the
Total Shares in issue - 671,008
As at 31/03/2010 Carson Cumberbatch PLC holds 581,950 shares or 86.73% of issued quantity
31-3-2005 31-3-2006 31-3-2007 31-3-2008 31-3-2009 31-3-2010
No.of shares traded 300 4,500 1,400 1,800 500 1,900
As recommended by the Directors the company
proposes to pay back the bulk of its surplus
funds to investors by way of a dividend
26/Aug/2010 Capital Alliance offer mandatory offer at Rs.40.60
08/Sep/2010 IIFL securities Pvt.Ltd mandatory offer at Rs.81.20
09/Sep/2010 own Director K.C Vignarajah offers to buy 57% at Rs.83.00
10/Sep/2010 Acuity Stockbrokers mandatory offer at Rs.89.40
13/Sep/2010 Client of taprobane securities offers at Rs.95.00
13/Sep/2010 Board of directors decide NOT TO SELL
06/Dec/2010 Changes name from 'Watapota' to 'Guardian Capital partners PLC'
10/Jan/2011 Seeks approval by special resolution for an Investment in Expo Lanka for Rs.249,600,000.00
10/Jan/2011 Rights Issue ** company seeks 249 Mn investment while doing rights issue !!
75 shares for every 2 held at Rs.20/- . By this 25,162,800 adds to circulation
XR date : 21/Feb/2011
Rights will start trading on 01/March/2011
Approx. share price on 10/Jan/2011 is Rs.4800.00
Diluted Share Price - (Rs.4800 x 2 + ( Rs.20 x 75 )) / 77 = Rs.144.00
17/Jan/2011 Share price drops to approx. Rs.4000.00
07/Feb/2011 Share price rockets to Rs.10,000.00
21/Feb/2011 Share price plummets to Rs.2000.00
21/Mar/2011 Share price drops to Rs.300 NOW No. of Shares = 25,833,808
share keeps dropping to touch ever low of (Rs.26.00 on 17/02/2014)
30/Mar/2011 Buys Expo lanka stake of 2.3% for Rs.249,600,000.00
31/Mar/2011 Group company, 'Ceylon Guardian Investments PLC' buys from 'Guardian capital Partners PLC' / 'Carson Cumberbatch PLC')
30/June/2015 Interim report - Analysis
Company hold Rs. 426 mn in cash and are in the process of looking at a couple deals to deploy this cash into.
They did not dispose any holding so they did not account any gains.
So when they dispose and make gains it has the possibility to show good reports in the future.
As it has good divident history and strong parent company. We can see a good performance in the future.
Hope it helps ....