@Jana1 wrote:@Chinwi wrote:@ccsentha wrote:in CSE only, stocks are bought and sold of a hotel, even before the hotel is in operation. Currently CITW doesn't do any other business.
Do not worry.
You can buy running hotels like AHUN, RENU, HUNA, TAJ if you do not like bear lands.
They were trading at introductory prices decades ago , we were not in a position to buy shares those days. Now we do not have enough money to buy them at current rates.
Hence , we buy bear lands at 50% discount.
CITW owners paid 10/- per share 2 1/2 years ago and public paid 12/- one and half year ago. Now the hotel is in construction level we buy at 50% discount.
No offense. Just a different view.
Thanks for your post.. Just I wanna clarify 1 thing,
Ididn't go more depth with CITK and CITW ipo prospectus. Why CITK's introductory price was 17 and CITW was 12 whilst both has same asset value? And y do u prefer CITW over CITK as both expected dates are by 2015 (according to prospectus)
Although I don't have any of CIT* shares in my PF, I think CITK has the unique value due to the location. There are plenty of beach hotels but how many in Kalpitty with Villas.