I think it will get over subscribed in day 1. If so REEF will have a huge capital gain
The share transferred happened @10 per share to the parent company
PP is going to happen @20 per share
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sapumal wrote:Today is the opening date for the PP for Citrus Hikkaduwa
I think it will get over subscribed in day 1. If so REEF will have a huge capital gain
The share transferred happened @10 per share to the parent company
PP is going to happen @20 per share
smallville wrote:As per the company info, refurbishment & expansion (40 additional rooms) of Citrus Hikkaduwa began in May 2011 and it was a 5 month project.
So its now should be over and normal operation could be resumed..
With the addition of Citrus Waskaduwa & Kalpitiya, the number of Room nights are expected to be increased to 45750 in 2015 with an occupancy rate of 40% and to grow up to 70% in 2018 with no of room nights increased to 54750.
snandasiri wrote:Waskaduwa and Kalpitiya hotels trading around 8.How can we expect this IPO worth Rs.20?Waskaduwa and Kalpitiya hotels also belonged to reef and their IPO price around 20.(18 and 24 not sure).
sureshot wrote:hikkaduwa beach is it a younger brother of Kalpitiya and reef ?
How many more to come.........
any idea
snandasiri wrote:Waskaduwa and Kalpitiya hotels trading around 8.How can we expect this IPO worth Rs.20?Waskaduwa and Kalpitiya hotels also belonged to reef and their IPO price around 20.(18 and 24 not sure).
gamaya wrote:snandasiri wrote:Waskaduwa and Kalpitiya hotels trading around 8.How can we expect this IPO worth Rs.20?Waskaduwa and Kalpitiya hotels also belonged to reef and their IPO price around 20.(18 and 24 not sure).
IPO price of Waskaduwa was 12.50 and Kalpitiya 17.50.
sanju351 wrote:sureshot wrote:hikkaduwa beach is it a younger brother of Kalpitiya and reef ?
How many more to come.........
any idea
CITK & CITW are not in operation but Hikkaduwa Beach is a hotel already in operation and doing well i presume people will go behind this IPO and am sure By 24 Oct market condition will be soo positive as well ...
Chinwi wrote:10 months ago, last December they issued 15,544,949 shares to REEF holders and others in a private placement at the same price 20/-.
Prior to that , REEF - Citrus Leisure was the 100% owner of the hotel.
This is its IPO.
market bull wrote:You know DJ method.He gives 50% or less back to his private placement share holders from the share price.
gamaya wrote:market bull wrote:You know DJ method.He gives 50% or less back to his private placement share holders from the share price.
Well thats an interesting thought. Any thing is possible in CSE. IPOs are a valuable tool for the rich people.
But the money from the pivate placement should go in to the balance sheets, so how could that be cooked?
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