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

WASKADUWA BEACH RESORT PLC (CITW.N0000)

+39
hasitha@CSE
gayanath1983
GameUP1030
Mubin Mustafa
fireshelter
Dinesh Madushanka
Sana
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kcrRanz
BullvsBear
kassachandi
D.G.Dayaratne
sapumal
monash
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rangananwr
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Invest-Wise
Aubrey Perera
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SM2014
Market R
Invest_Wisely
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43 posters

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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


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


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


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

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@monash wrote:
@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
CITK will follow the CLND. Not REEF.

Invest-Wise

Invest-Wise
Manager - Equity Analytics
Manager - Equity Analytics
[quote="kcrRanz"]
@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 : so you exited. Well yes I do understand your situation and I also think I should have exited many years ago and used that money to buy some good stocks and today I would have recovered my loss. The thing is I have a very large quantity. So exiting is also not easy. ALso my loss would be extremely high. I guess since I have waited this long I I will wait a bit more till I see some movement in CLND and hopefully CITK will move with it. I am hoping for the best.

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Very frustrating with CITK for me as well. I have a decent quantity and once I was tempted to exit at 6.10 at a 25000 profit but didn't . same trading range everyday. but I also agree that sometimes this can be collected. lets all hope for the best. GL

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Aubrey Perera wrote:Very frustrating with CITK for me as well. I have a decent quantity and once I was tempted to exit at 6.10 at a 25000 profit but didn't . same trading range everyday. but I also agree that sometimes this can be collected. lets all hope for the best. GL
I don't know why you bought CITK. They don't have any plan to start constructing the hotel. I may guess , Liberty plaza developments may have good impact on this share. But I think it is just a some development, nothing some thing big

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Investwisely...

I didnt have much problem of selling it since i bought it at Rs.5.80 and i held it only for 2 weeks. Since you are holding it for years i think you better hold it till this selling is over and until clnd trigger a run. I beleive you bought it at above 7 and stucked. I still think this will move 7+ with clnd and reef before asi turning back.

Good luck.. Smile

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
according to some info , Capital trust not allowing prices to go up. better CITK shareholders can wait for some time. until capital trust collect this share. They will collect share bellow 6

Invest-Wise

Invest-Wise
Manager - Equity Analytics
Manager - Equity Analytics
[quote="sapumal"]according to some info , Capital trust not allowing prices to go up. better CITK shareholders can wait for some time. until capital trust collect this share. They will collect share bellow 6

Capital Trust bought at the private placement at 10/-. Maybe they are trying to average their quantity. They have 10% or 16 million odd shares now as per June statement. March statement they had 8% or so. So they are definitely collecting from the market. NAV is now 8.61. The loans are killing CITK. If CLND goes up then they will have some gain in the share portfolio. But they cant book that. That's the problem. Well we can only wish for a run after CLND Liberty plaza development is completed. I was told that it should be completed in the next 2 months. Have to wait and see.....

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@Invest-Wise wrote:
@sapumal wrote:according to some info , Capital trust not allowing prices to go up. better CITK shareholders can wait for some time. until capital trust collect this share. They will collect share bellow 6

Capital Trust bought at the private placement at 10/-. Maybe they are trying to average their quantity. They have 10% or 16 million odd shares now as per June statement. March statement they had 8% or so. So they are definitely collecting from the market. NAV is now 8.61. The loans are killing CITK. If CLND goes up then they will have some gain in the share portfolio. But they cant book that. That's the problem. Well we can only wish for a run after CLND Liberty plaza development is completed. I was told that it should be completed in the next 2 months. Have to wait and see.....

CLND is long term investment to CITK. If CITK going to start hotel it will rise money from a right issue.
CLND is a value gem. I have mentioned this couple of years earlier. They legally process a huge land ( 10 acreas) within pettah but they physically doesn't process it. After DJ join the board and his close friend Def Sec is in controlling UDA getting this land is highly possible. I assume it is possible when DJ is ready to accept.
But the main problem is with the owners of the company.
Look at the top 20 share holders
DJ , ceybank,capital trust,godahewa,nawaloka, thoradeniya, silva process around 46% of the CLND. All of these entries except UDA, Kalpitiya beach collected shares above 40. It is impossible if they calculated the price correctly. Most probably they know something ahead.
I think this time DJ don't want to play. But he need to collect the share and take the control of the CLND.
If CLND is given the land NAV can be jumped over 100.
As I told earlier the problem is with shareholders. Related party only posses 46% of the shares.
Still there are 16% of shares in the hand of the public. DJ try to buy back these shares before he get the land.


Also if you are a Kalpitiya share holder, there is some thing you can be happy. Def Min secretly allocated 900 acrea land in Wilpattu for tourism. In this 900 acres people can feel what is happening in Africa. They will see Lions, Elephants ,.. but not in the cage but in the small jungle seperated (10 feet wall) from other area.

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Some hope I see Wink ...Sapu I bought as felt that they will start something and also when I bought ASPI was below 7000 in CSE everything goes up. look at ALUF I made money on ALUF as well. But CITK still lagging behind. anyways great if something happens with CITK GL

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Did anyone notice CITK fake 2 million buy orders at 5.70 and 5.60 today? today traded only small volume.. seems like collection is getting over.. cyclops

I feel some hidden game playing by broker hut.. scratch

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