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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » JKH PRICE PREDICTION

JKH PRICE PREDICTION

+2
charith666lk
cseguide
6 posters

Go down  Message [Page 1 of 1]

1JKH PRICE PREDICTION Empty JKH PRICE PREDICTION Sun May 01, 2016 3:44 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

JKH PRICE PREDICTION
Current price share : SLR 155
Current price warrant :SLR 13
CUTOFF DATE SEP 26 , 2016
EXERCISE PRICE: SLR 170.62
Share price should be more than (170.62 + 13= 183.62) 183.62 by September 2016
Let us see the possibilities by September if share price is less than 183.62
1.       Investors will not subscribe for warrants- I don’t think Jkh like company will not allow that to happen.
2.       Company will push the share price above 183.  
3.       Company will sell a big chunk of share above 183  before September to push share price up
 
My guess
 
1.       Jkh will go up above 183 before September due to market movement upward –
If that was not happen
4.       Above 3rd  one- Company will sell a big chunk of share above 183  before September to push share price up
 
your views are wellcome

2JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Sun May 01, 2016 3:58 pm

charith666lk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

You take warrent price as a constant. But it's also a veriable. So i think its bit more complex.

3JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Sun May 01, 2016 4:24 pm

SLBOY


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Option 4. Reduce the conversion price of the warrant.
Option 5. Introduce share split or any other invester encouraging announcement.

4JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Sun May 01, 2016 8:52 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

charith666lk wrote:You take warrent price as a constant. But it's also a veriable. So i think its bit more complex.

yes warrent price variable

1. think warrent price goes up then . then conversion cost goes further up (170.62  + 13 +x)
  then market price of jkh.n should go further up to get the investors subscription for the warrents.
2. think warrent price goes .10 cents (lowest posible) . then the conversion cost 170.62+.10=170.72
 for that also market price of jkh.n should go up

5JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Sun May 01, 2016 8:55 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

SLBOY wrote:Option 4. Reduce the conversion price of the warrant.
Option 5. Introduce share split or any other invester encouraging announcement.
yes those two are possible options. But are there any past examples for such things. according to my mind no.

6JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Sun May 01, 2016 10:16 pm

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Its good to remember that these shares are underwritten before they are issued. Therefore issuer gets the money from the investor take up or from the underwriters anyway. Specially in a share like JKH big institutions dont worry about what the current market price in CSE, reason being CSE is not a efficient market. Therefore share price do not always show its correct value.

If you would like to reply such a scenario where the warrant / right price was higher than current market price, i suggest have a look at SEYB back in 2011. I can loosely remember when the N for 75 and X for 35 was announced the market price was lower than the right price.

7JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Mon May 02, 2016 12:21 am

fireshelter

fireshelter
Associate Director - Equity Analytics
Associate Director - Equity Analytics

JKH Will success in warrant conversion don't worry about that the want money to their projects

8JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Mon May 02, 2016 8:24 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Hi Chamith after a long time.

Im sorry, some share issues are not underwritten. If they are confident about subscription or have plans to get other funds they do not do it. The other things are, ♦ if a giant like JKH did it that shows they are not confident   about the success ♦ they have to pay lot of money to the underwriters.  

JKH warrants were NOT underwritten.

5. The Company has not entered into any underwriting agreement in relation to this issue of shares. In the event of an under-subscription, the Company will fund its investment through increased debt and alternative funding sources. In the medium term, this will include internally generated funds

---

SLBoy wrote:Option 4. Reduce the conversion price of the warrant.
Option 5. Introduce share split or any other investor encouraging announcement.

Not possible.

Option 4.  - This will drag down the price of main share instantly and the total value (market cap) of JKH will go down. Hence they will never do it.

Option 5. I feel now it is too late for such a thing. Sometimes they may try.
They have just 5 months more.  

---

As I said earlier, the environment of the country was much different when they decided to issue these warrants at these conversion prices. This is the major problem at the moment to attract investors. But, I think as this is attractive for long term institutional investors and funds they will subscribe.

The high, low  prices of the shares of the Company taken into consideration for warrant issue during the preceding three month period  .  
June 2013 : 285.00 - 248.00
July 2013 : 273.20 - 240.00
August 2013 : 270.00 - 204.00


9JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Tue May 03, 2016 2:14 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

As I predicted now I feel JkH can pass 190 before , end August

10JKH PRICE PREDICTION Empty Re: JKH PRICE PREDICTION Tue May 10, 2016 8:08 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

when market is going up with Jkh it is always a positive sign. JKH will reach its destiny very soon

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