LANKEM DEVELOPMENTS PLC (LDEV.N0000)

Monster · 1 LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 1:08 pm

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Lankem Developments PLC is engaged in investment holding and construction. The Company's segments include Plantations and Other. The Plantations segment is engaged in cultivation and processing of tea. The Other segment includes investment holding company and power plant. Its immediate and ultimate holding companies are Lankem Plantation Holdings Limited and The Colombo Fort Land & Building PLC. The Company's subsidiaries include Agarapatana Plantations Ltd. and Waverly Power (Pvt) Ltd.

http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf

Quibit

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Agrapathana Plantation Limited to be takenover by Lankem Development (LDEV)
http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf

What is Agarapathana Plantation?
http://www.lankemplantations.lk/Agarapatana.html

MarketResearch · 3 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 1:33 pm

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Monster wrote:http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf

Right Issue-Violation of Fundamental rights.Athe tiyana ekath nethi wena wedak right issue kiyanne.Oka "Mara" issue ekak.

sapumal · 4 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 1:45 pm

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Quibit wrote:Agrapathana Plantation Limited to be takenover by Lankem Development (LDEV)

Why ?

Meta Trader · 5 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 1:47 pm

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MarketResearch wrote:

Monster wrote:http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf

Right Issue-Violation of Fundamental rights.Athe tiyana ekath nethi wena wedak right issue kiyanne.Oka "Mara" issue ekak.

An announcement made by the company with regard to a proposed acquisition of an equity stake in Agarapatana Plantations Ltd and a rights issue is published on the CSE website. (www.cse.lk) Rights Issue Fifteen (15) new Ordinary Shares for every One (01) existing Issued Ordinary Shares held, at a price of Rs.25.00 per share.

Shocked

Rights Issue Fifteen (15) new Ordinary Shares for every One (01) existing Issued Ordinary Shares Shocked

Seyb is already down with only 1 for 3 Shocked

wonder where will be this end up .
Shocked

tubal · 6 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 3:24 pm

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MarketResearch wrote:

Monster wrote:http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf

Right Issue-Violation of Fundamental rights.Athe tiyana ekath nethi wena wedak right issue kiyanne.Oka "Mara" issue ekak.

Giving you another + rep to make of for some of the - reps I gave you when you started here. I think they have evened out now. It's pretty much like how shares that jump far below the 20 day SMA eventually cross the line and move above it and then the cycle repeats Very Happy

wis · 7 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 5:54 pm

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So one cflb lankem company buying something from another cflb lankem company and asking shareholders to throw their money. These rights issues, associated company crossings and the shady dealings of their directors. These CFLB and lankem are real thieves.

Monster · 8 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 6:03 pm

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wis wrote:So one cflb lankem company buying something from another cflb lankem company and asking shareholders to throw their money. These rights issues, associated company crossings and the shady dealings of their directors. These CFLB and lankem are real thieves.

This is similar to internal transfer. For that why are they are asking funds from the share holders. Mad

mark · 9 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 11:24 pm

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wis wrote:So one cflb lankem company buying something from another cflb lankem company and asking shareholders to throw their money. These rights issues, associated company crossings and the shady dealings of their directors. These CFLB and lankem are real thieves.

well said.....................true.......... Smile

ndnk · 10 LDEV Price Band Thu Mar 10, 2011 1:57 pm

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Will there be a price band again today on LDEV?

wis · 11 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 2:07 pm

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Can somebody explain why it went 33% up when there was a 1:15 rights announcement to fund a family deal?

Meta Trader · 12 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 2:16 pm

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wis wrote:Can somebody explain why it went 33% up when there was a 1:15 rights announcement to fund a family deal?

nice argument Exclamation

smallville · 13 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 2:42 pm

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What else? the stupidity at Max Twisted Evil

ppl have to start using their heads in a better way i guess Laughing

Gaja · 14 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 3:15 pm

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ndnk wrote:Will there be a price band again today on LDEV?

Here is the answer - http://www.cse.lk/cmt/upload_cse_announcements/861299750877_.pdf

CSE1 · 15 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 3:19 pm

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Gaja wrote:

ndnk wrote:Will there be a price band again today on LDEV?

Here is the answer - http://www.cse.lk/cmt/upload_cse_announcements/861299750877_.pdf

In terms of the SEC directive dated 14th September 2010, a 10% price band has been imposed on LDEV.N.0000 with effect from 11th March 2011 to 24th March 2011 (both days inclusive).
The full list of securities on which the 10% price band is applicable is attached.

Slstock · 16 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 3:22 pm

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CSE1 wrote:

Gaja wrote:

ndnk wrote:Will there be a price band again today on LDEV?

Here is the answer - http://www.cse.lk/cmt/upload_cse_announcements/861299750877_.pdf

In terms of the SEC directive dated 14th September 2010, a 10% price band has been imposed on LDEV.N.0000 with effect from 11th March 2011 to 24th March 2011 (both days inclusive).
The full list of securities on which the 10% price band is applicable is attached.

Okay that was coming. How on earth did Wapo did not get caught when it was fluctuating so much as 50% per day. How many retailer much have mnade losses over 50% ?

smallville · 17 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 3:40 pm

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Dont u get it mate? the formula only captures small shares.. an increase of over 10% with high trades will get caught.. with high value shares over 50%.. ahh no way.. it has to go over at least 70% to get qualified in bann.. after all favorites need to have a better treatment know?

Rajitha · 18 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 3:47 pm

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smallville wrote:Dont u get it mate? the formula only captures small shares.. an increase of over 10% with high trades will get caught.. with high value shares over 50%.. ahh no way.. it has to go over at least 70% to get qualified in bann.. after all favorites need to have a better treatment know?

Its called liquidity of a share. Or in a simpler manner amount of shares traded!

You can have any of the illiquid shares whether Rs 1 or rs 10000 it does not matter go up by 50% and it will not get caught in the price band!

Slstock · 19 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 3:55 pm

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I get it alright Buddy. I get it that this formula has to be revised Mad

Free float, price, volume huh ? Only for certain shares. After a while we can make a list of share which will be safe even if the price goes over 70% for 3 consecutive days.

chamith · 20 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 10, 2011 4:47 pm

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slstock wrote:
Free float, price, volume huh ? Only for certain shares. After a while we can make a list of share which will be safe even if the price goes over 70% for 3 consecutive days.

well said.....

investor0000 · 21 Lankem Development Rights Issue- Help needed Wed Mar 16, 2011 11:47 pm

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I have recently purchased 500 shares of LDEV. Therefore:

[/list]I am entitled to 7500 of shares from rights issue right?
I will have to pay 25 per share for these rights shares?
Then will I be able to sell all 8000 shares for a better price? How much will it be? Now its trading at 59
Any other additional costs? or anything I should know?

Last edited by Meta Trader on Thu Mar 17, 2011 12:43 am; edited 1 time in total (Reason for editing : corrected the title of the topic)

Slstock · 22 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 17, 2011 2:42 am

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investor0000 wrote:I have recently purchased 500 shares of LDEV. Therefore:

[/list]I am entitled to 7500 of shares from rights issue right?
I will have to pay 25 per share for these rights shares?
Then will I be able to sell all 8000 shares for a better price? How much will it be? Now its trading at 59
Any other additional costs? or anything I should know?

I am entitled to 7500 of shares from rights issue right? YES
I will have to pay 25 per share for these rights shares? YES

You have to remember that when there is a right issue as big as 15:1 the share price will get diluted naturally first.

Ex : If share is Rs 50 on the XR day

After XR it should be = ( 15*25+50)=Rs 26.25. Remember that there will now be 15 times more shares i nthe market potentially.

But over time the share price can go up more than the above. Some time it goes up immediately due to manipulation , market sentimetns etc. Ex WAPO was a very good example. I cannot precdit the price for LDEV after rights issue but you get the idea.
Hope this helps.

DK · 23 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 17, 2011 7:14 am

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Hi Investor
Thanks for pointing this rights issue out, I completely missed the news on this one Smile

slstock has answered your question already, however there is a small typo:

After XR it should be = ( 15*25+50)/16=Rs ~~26.25~~ 26.56. Remember that there will now be 15 times more shares (i.e. 16 times the current number) i nthe market potentially.

Last edited by DK on Thu Mar 17, 2011 8:41 am; edited 1 time in total

mahasen007 · 24 LDEV-Right Issue could become a gem Thu Mar 17, 2011 7:30 am

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Rights issues are issued at Rs 25. Assume we bought one share and we are entitled to 15 more share at Rs 25 per share. To attract the LDEV rights at Rs25, assume that XR would be around Rs30 per share. So the total cost for 16 shares( original 1+ 15 rights) have to be Rs 480( 30*16). cost of 15 shares at 25 per shares is Rs 380. Therefore for share to be Rs 30 after the Rights(XR), LDEV present share should atleast move to Rs 105.(480-375). Otherwise investors wont buy the Rights at Rs 25. So I feel the share is really worth to buy now being traded at 58 levels. Hope it will gradually move to closure to 100. Open for discussion

Fresher · 25 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Thu Mar 17, 2011 7:33 am

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DK wrote:Hi Investor
Thanks for pointing this rights issue out, I completely missed the news on this one

slstock has answered your question already, however there is a small typo:

After XR it should be = ( 15*25+50)/16=Rs ~~26.25~~ 26.56. Remember that there will now be 15 16 times more shares i nthe market potentially.

15 times more shares = 16 times the current number Smile

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LANKEM DEVELOPMENTS PLC (LDEV.N0000)

1 LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 1:08 pm

Monster

2 Agarapathana Plantations Limited to be takenover by Lankem Development (LDEV) Wed Mar 09, 2011 1:31 pm

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3 Re: LANKEM DEVELOPMENTS PLC (LDEV.N0000) Wed Mar 09, 2011 1:33 pm

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