Loss Per Share : 31.03.17 - (168Rs)
Net Asset per Share reduced from 369 to 191.
Rights were issued and to be subscribed 60 to 1 @520per share (Rights trading @46 as I write)
50.000 original shares + 3Mil shares from Rights Issue to be subdivided 1 in to 100.
those who buy Rights will be paying a premium +520 in order to avail the rights.
meaning say you pay 45Rs then need to pay 520 additional.
can we do a valuation on a company that's thus far made losses... what action taken by the new management to educate the general shareholder on this. do they have free cash flow valuation on the expected return....... I don't see anything towards that rather a newspaper statement as to how they are going to invest the money generated from the rights issue.
what would be the dividend policy !
will they raise more funds from additional rights issues to complete their proposed hotel investments for which they are seeking a foreign party in case they fail.
many questions must be asked or answered ......
I think we should educate the pros and cons..... is it worth buying RIGHTS or to wait post rights and couple of quarters into KZOO and see its net earnings.
looking forward to a healthy discussion.....
in my opinion : yes RENU is a known group, but before I invest money with them... they must prove me its worth to pay 520rs per rights/52rs and split into 100 would derive 5.20
haven't we come across shares that come to 5.20 could trade further down and as low as 1Rs.....
therefore I would recommend a wait and watch approach, incase you are looking to go the distance with KZOO(tHANKS sHARK
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