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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » WASKADUWA BEACH RESORT PLC (CITW.N0000)

WASKADUWA BEACH RESORT PLC (CITW.N0000)

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hasitha@CSE
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43 posters

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Invest-Wise


Manager - Equity Analytics
Manager - Equity Analytics

Monash I sincerely hope so.....i am long waiting for this....

I think CITW will run to 10 and settle for a bit. My worry is CITK!!!

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Investwise don't worry CITK too would go with the wind my target is 8

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

CITK can't start any hotel projects.They can give thousand reasons, but there is only one reason. They don't have any cash to build a hotel. Most of the money is stucked in CLND.
They have 2.1bn assets. 400Mn land.
They have bought shares more than 1.2bn. DJ first bough CLND at 20. Then after 2 weeks he sold his stake @43 to the CITK. So investment in the CLND has huge loss.
Also CITK has loss 330,239,887 before start doing anything.
Normally we can expect a interest income when we have lot of money. But they have spend 330Mn for nothing I guess.
The last option to raise the price is give some right issue with warrants. At least some share holders can exit with little sorrow.

monash


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Invest-Wise wrote:Monash I sincerely hope so.....i am long waiting for this....

I think CITW will run to 10 and settle for a bit. My worry is CITK!!!

Don't worry about CITK .. I feel its trading at bottom by looking at the quantities traded between 5.80-6.10 past two weeks, hard to beleive it will go down again. CITK will be adjusted and will get close to CITW.

If we compare IPO price CITK is Rs.17.50 which is 4 rupees higher than CITW.

But CITW's NAVPS is 10.25 CiTK's NAVPS is close to Rs.9 . I think both CITK and CITW will be adjusted close to their NAVPS.

If REEF start to run tommorow these two will fly with momentum.. Very Happy

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

According to last quarter accounts  WASKADUWA is still a "HUCHAKKUWA"

I do not know what will happen next quarter



Last edited by D.G.Dayaratne on Thu Sep 04, 2014 5:48 pm; edited 3 times in total (Reason for editing : typing error)

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

D.G.Dayaratne wrote:According to last quarter accounts  WASKADUWA is still a "HUCHAKKUWA"

I do not know what will happen next quarter

mmm...wachanaye parisamaptha arthayenma eya sathyayaki. methuwak kal sathayak ho upaya nomathi companie ekak gana pena kiyana eka ithama apahasu kaaryayaki. Very Happy

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Roboticfx wrote:
D.G.Dayaratne wrote:According to last quarter accounts  WASKADUWA is still a "HUCHAKKUWA"

I do not know what will happen next quarter

mmm...wachanaye parisamaptha arthayenma eya sathyayaki. methuwak kal sathayak ho upaya nomathi companie ekak gana pena kiyana eka ithama apahasu kaaryayaki. Very Happy

REEF group shares are simply not for fundamental value investors. It is for traders...

Thats all i can say.. Very Happy

58WASKADUWA BEACH RESORT PLC (CITW.N0000) - Page 3 Empty Re: WASKADUWA BEACH RESORT PLC (CITW.N0000) Thu Sep 04, 2014 10:36 pm

cse_investor1


Equity Analytic
Equity Analytic

Once again a big thank you to Invest_Wisely

I bought @ 7.10 now its 9.10 Very Happy .

I saw another post where u had mentioned HAPU as well....

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

all citk does is move from 5.60 to 6.10 range for the last so many months. waiting for this to move up.

Invest-Wise

Invest-Wise
Manager - Equity Analytics
Manager - Equity Analytics

monash wrote:
Invest-Wise wrote:Monash I sincerely hope so.....i am long waiting for this....

I think CITW will run to 10 and settle for a bit. My worry is CITK!!!

Don't worry about CITK ..  I feel its trading at bottom by looking at the quantities traded between 5.80-6.10 past two weeks, hard to believe it will go down again. CITK will be adjusted and will get close to CITW.

If we compare IPO price CITK is Rs.17.50 which is 4 rupees higher than CITW.

But CITW's NAVPS is 10.25 CiTK's NAVPS is close to Rs.9 . I think both CITK and CITW will be adjusted close to their NAVPS.

If REEF start to run tommorow these two will fly with momentum.. Very Happy

Well the only hope for CITK is that it gets adjusted with the market trend. I simply cant understand where this selling is coming at 5.90-6 levels. So much shares. Over 93% held by the top 20. But last few months so many million shares were traded at 5.50-6 levels. Even today 10 cents down and 850,000 odd traded! Seriously this baffles me. They should start he construction of the hotel soon I hope. Wain and see I guess!!!

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

Invest-Wise wrote:
monash wrote:
Invest-Wise wrote:Monash I sincerely hope so.....i am long waiting for this....

I think CITW will run to 10 and settle for a bit. My worry is CITK!!!

Don't worry about CITK ..  I feel its trading at bottom by looking at the quantities traded between 5.80-6.10 past two weeks, hard to believe it will go down again. CITK will be adjusted and will get close to CITW.

If we compare IPO price CITK is Rs.17.50 which is 4 rupees higher than CITW.

But CITW's NAVPS is 10.25 CiTK's NAVPS is close to Rs.9 . I think both CITK and CITW will be adjusted close to their NAVPS.

If REEF start to run tommorow these two will fly with momentum.. Very Happy

Well the only hope for CITK is that it gets adjusted with the market trend. I simply cant understand where this selling is coming at 5.90-6 levels. So much shares. Over 93% held by the top 20. But last few months  so many million shares were traded at 5.50-6 levels. Even today 10 cents down and 850,000 odd traded! Seriously this baffles me. They should start he construction of the hotel soon I hope. Wain and see I guess!!!

First they have to find the money. Then they can think about constructing the hotel.
Only way they can survive is right issue with warrants. But it is 100% impossible due to the financial situation of the top share holders.

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

This is the 3rd highest gainer in this week. Around 22% up

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics

Yes i think the top 20 keep selling to release their financial burden maybe or to get in to other stocks that are booming. only way is for owners to rope in a strategic investor or divest their control to someone else who has the money to do something.

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Invest-Wise wrote:
monash wrote:
Invest-Wise wrote:Monash I sincerely hope so.....i am long waiting for this....

I think CITW will run to 10 and settle for a bit. My worry is CITK!!!

Don't worry about CITK ..  I feel its trading at bottom by looking at the quantities traded between 5.80-6.10 past two weeks, hard to believe it will go down again. CITK will be adjusted and will get close to CITW.

If we compare IPO price CITK is Rs.17.50 which is 4 rupees higher than CITW.

But CITW's NAVPS is 10.25 CiTK's NAVPS is close to Rs.9 . I think both CITK and CITW will be adjusted close to their NAVPS.

If REEF start to run tommorow these two will fly with momentum.. Very Happy

Well the only hope for CITK is that it gets adjusted with the market trend. I simply cant understand where this selling is coming at 5.90-6 levels. So much shares. Over 93% held by the top 20. But last few months  so many million shares were traded at 5.50-6 levels. Even today 10 cents down and 850,000 odd traded! Seriously this baffles me. They should start he construction of the hotel soon I hope. Wain and see I guess!!!

You are correct.. within last 2 weeks over 3 million CITK shares traded between Rs.5.80 to 6.10. This baffles me too.. its kind of strange thing especially For a trendy share like REEF. I assume some insider deal happening these days in CITK. Maybe someone eyeing controlling stake.. as according to rumours these days, maybe its VONE.  scratch  

Otherwise by looking at the quantities traded CITK should end up at least Rs.7. Lets wait and see on next week. When this deal is over it will move.

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

By the way i sold my CITW today at Rs.9.20-9.30 with 25% profit.. Very Happy congrats to all bought below Rs.7.50   cheers

66WASKADUWA BEACH RESORT PLC (CITW.N0000) - Page 3 Empty Re: WASKADUWA BEACH RESORT PLC (CITW.N0000) Fri Sep 05, 2014 10:28 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics

monash wrote: I assume some insider deal happening these days in CITK. Maybe someone eyeing controlling stake.. as according to rumours these days,  maybe its VONE.  scratch  

Otherwise by looking at the quantities traded CITK should end up at least Rs.7. Lets wait and see on next week. When this deal is over it will move.

No one would try to take the control of the REEF. Around 50% shares held by DJ. Then his friends has shares. They control at least 60% of the shares.

VONE wouldn't try to take the control. But they may try to take 20% of shares. It will help them to expand tile business.

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics

I would be holding on to this share for sometime. There, could be some profit taking on this as the share has appreciated significantly since the share was recommended at 7.10.

Interesting fact to note

Vallibel One is the 2nd largest shareholder im eagerly waiting to see whether they have actually increased their stake in the September Quarter.

As per the Quarterly statement 30.06.2014 of VONE, Waskaduwa beach resort is an associate company....

Happy Trading

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Invest_Wisely highted this on Tue Aug 26, 2014 5:56 am. When it was traded around 7.10. Now its trading around 9.10. More than 25% gain.

Please keep up your good work Smile

kassachandi


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

I'm also baffled about citk because when we look at the quarter reports of citk and citw the stock that has reduced its losses more is CITK.it might have a run nxr week.but fingers crossed.by the way im planning to enter into citk at 5.80 levels. Experts please give ur valuable ideas.. By the way did Invest_Wisely bought any citk ?

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics

@kassachandi

I haven't bought any shares of CITK purely because the hotel is still not operational so I don't feel that comfortable in taking a risk like that.  This is just my opinion.

However, I do hold CITW and REEF.N from the reef group...

kassachandi


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

@Invest_Wisely
Is it good to enter in to citk @ these levels Invest_Wisely ?

BullvsBear

BullvsBear
Senior Equity Analytic
Senior Equity Analytic

I have recently visited CITW.Occupancy level of CITW is awesome...

This has got a bright future.. alien

SM2014

SM2014
Manager - Equity Analytics
Manager - Equity Analytics

BullvsBear wrote:I have recently visited CITW.Occupancy level of CITW is awesome...

This has got a bright future.. alien

I invested in CITW with 1 year time horizon and my target price is above the IPO price in next May. Those who bought at 7 and below now enjoy the profit. I believe this will stagnate around 10 for sometime until next quarter result is out but may go above if this market sentiment prevails. I still believe this is till a gud time to enter for long term investment.

Invest_Wisely


Manager - Equity Analytics
Manager - Equity Analytics

@SM2014 I agree with you even I am holding onto CITW as I feel this is definitely worth more.....

@kassachandi

Pls refer the comments made by
by sapumal on Thu Sep 04, 2014 1:49 pm
by monash on Thu Sep 04, 2014 1:56 pm

regarding CITK....

75WASKADUWA BEACH RESORT PLC (CITW.N0000) - Page 3 Empty Re: WASKADUWA BEACH RESORT PLC (CITW.N0000) Sat Sep 06, 2014 11:36 pm

rangananwr

rangananwr
Manager - Equity Analytics
Manager - Equity Analytics

What happen CITK

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Best thing is see next quarter accounts and invest

rangananwr

rangananwr
Manager - Equity Analytics
Manager - Equity Analytics

Ys any clue abt tht

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I lost my patience with CITK. Sold today at breakeven.

Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB.. Wink

79WASKADUWA BEACH RESORT PLC (CITW.N0000) - Page 3 Empty CITK.......Its under the collection... Tue Sep 09, 2014 8:42 pm

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

monash wrote:I lost my patience with CITK. Sold today at breakeven.

Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB.. Wink


Monash i have 6 years trading experience with CSE.I have heard lot of people are telling a story "Api sel karama ewa up wenawa " kiyala. I have already faced to that scenario. I also have a quantity of CITK. most of the time we re doing selling when some big party starting to to buy that.That's how the buying are active in a counter.U may noticed last month it dropped into 5.50/= rs. But nw there are buyers at 5.90. Everyday im already trying to sell CITK at 6.but again keep my patience. My heart says that will pass 7/= rs. within 1 day game. Lets c....but it will be good if you have invest u money in CFLB.that will touch 40/= rs. upcoming days.

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

kcrRanz wrote:
monash wrote:I lost my patience with CITK. Sold today at breakeven.

Simply because opportunity cost of holding it is high these days as i may miss the train of shares like CTBL, CFLB.. Wink


Monash i have 6 years trading experience with CSE.I have heard lot of people are telling a story "Api sel karama ewa up wenawa " kiyala. I have already faced to that scenario. I also have a quantity of CITK. most of the time we re doing selling when some big party starting to to buy that.That's how the buying are active in a counter.U may noticed last month it dropped into 5.50/= rs. But nw there are buyers at 5.90. Everyday im already trying to sell CITK at 6.but again keep my patience. My heart says that will pass 7/= rs. within 1 day game.  Lets c....but it will be good if you have invest u money in CFLB.that will touch 40/= rs. upcoming days.

I could have easily sold it at 6.10 last week. But my target was 7+.

CITW exceeded my target, unfortunately CITK couldn't break 6.10 resistance. As i mentioned before there might be big insider deal happening nowadays. Im eager to see top 10 shareholder list in next quarter results.

I bought both CITK and CITW for short term trading purpose.

I Kept CITK for 2 weeks and 3 times it tested 6.10 resistance but couldnt breakout even with REEF N movement. May be one of top shareholder exiting. I will buy back if this selling is over and break 6.10. Smile

i started to buy CFLB from last week, today i increased my holding. I'm not sure about Rs. 40 as i expect market correction on end of this week. But Rs.37+ enough for me as i entered below 33.  Razz

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