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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » BIL - Rights Issue

BIL - Rights Issue

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1BIL - Rights Issue Empty BIL - Rights Issue Mon Aug 03, 2020 3:46 pm

NoobTrader


Stock Trader
I dont own any shares of BIL. But I want to purchase rights when they start trading. I have a few questions

1.If I purcashe a right (BIL.R0000)... can I buy a BIL share for 2/=?

2. To whom do I pay money ? Is it my broker or Company Secretary?

3. Do I have to fill a document?

Can anyone help me please....

2BIL - Rights Issue Empty Re: BIL - Rights Issue Mon Aug 03, 2020 6:08 pm

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
short term  3.00 cheers cheers cheers

NoobTrader likes this post

3BIL - Rights Issue Empty Re: BIL - Rights Issue Mon Aug 03, 2020 6:24 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
If you buy the Rights off the market, you can pay for the conversation to your broker. You have to do it on or before the 'last day for acceptance and payment'. Your broker will then lodge the payment and get the shares to your account

NoobTrader likes this post

4BIL - Rights Issue Empty Re: BIL - Rights Issue Mon Aug 03, 2020 8:22 pm

NoobTrader


Stock Trader
@Promoney wrote:If you buy the Rights off the market, you can pay for the conversation to your broker. You have to do it on or before the 'last day for acceptance and payment'. Your broker will then lodge the payment and get the shares to your account

Thanks alot !!

Any idea what happens if I dont pay on time ?

5BIL - Rights Issue Empty Re: BIL - Rights Issue Mon Aug 03, 2020 10:24 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
You will lose the Rights

6BIL - Rights Issue Empty Re: BIL - Rights Issue Tue Aug 04, 2020 9:37 am

Roshan Fernando

Roshan Fernando
Senior Equity Analytic
Senior Equity Analytic
The issued share quantity is 4.7 Billion and for right, they planned to issued 9.4 Billion shares to the market. After right the total share quantity is around 14.1 Billion


BIL.N is become the most issued shares in the CSE and now the Dialog issued highest quantity of shares 8.1 Billion up to now.

But issued quantity may not the effect the share price and issuing new share may help to improve cash flow of the company  

please correct , if I am incorrect

7BIL - Rights Issue Empty Re: BIL - Rights Issue Tue Aug 04, 2020 12:11 pm

Nandun


Senior Equity Analytic
Senior Equity Analytic
I have Shares in BIL.N  What happen if I wont buy shares from new issue?

what are options I have? Plzz

8BIL - Rights Issue Empty Re: BIL - Rights Issue Tue Aug 04, 2020 12:31 pm

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Nandun wrote:I have Shares in BIL.N  What happen if I wont buy shares from new issue?

what are options I have? Plzz
 Sell your rights & Enjoy.

9BIL - Rights Issue Empty Re: BIL - Rights Issue Tue Aug 04, 2020 5:58 pm

Nandun


Senior Equity Analytic
Senior Equity Analytic
What will happen to share prices of BIL.N after issue?

10BIL - Rights Issue Empty Re: BIL - Rights Issue Tue Aug 04, 2020 7:25 pm

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
2.30 bounce bounce bounce  2.50 bounce bounce :bounce:3.00 bounce bounce bounce cheers cheers cheers cheers

11BIL - Rights Issue Empty Re: BIL - Rights Issue Tue Aug 04, 2020 9:29 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dear Teller
Can you share your views on this right issue and price expectations????

12BIL - Rights Issue Empty Re: BIL - Rights Issue Wed Aug 05, 2020 5:33 pm

Nandun


Senior Equity Analytic
Senior Equity Analytic
@abey wrote:2.30 bounce bounce bounce  2.50 bounce bounce :bounce:3.00 bounce bounce bounce cheers cheers cheers cheers
Is this possible ? Shocked how?

13BIL - Rights Issue Empty Re: BIL - Rights Issue Wed Aug 05, 2020 6:02 pm

Eranga87


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
After right issueshare quantity 14,369,717,460.


how can the price move to Rs.3.00?

14BIL - Rights Issue Empty Re: BIL - Rights Issue Wed Aug 05, 2020 6:58 pm

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
wait one month  after right issue

15BIL - Rights Issue Empty Re: BIL - Rights Issue Wed Aug 05, 2020 7:03 pm

Eranga87


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Have any reasonable justification Rolling Eyes

16BIL - Rights Issue Empty Re: BIL - Rights Issue Thu Aug 06, 2020 8:41 am

wealth123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Eranga87 wrote:After right issueshare quantity 14,369,717,460.


how can the price move to Rs.3.00?
LOLC / Browns collectively, Directly & Indirectly own 80.00%.
And they will increase their % via this Right Issue. ( LOLC will buy all rights available in the Market )
Only about 1 Bn shares will be in the Market after this Right issue.
1 Bn shares * Rs. 3.00 = Rs. 3 Billion

* Note there are few other investments in BIL's Books which are not revalued ( Value is 4 Times than the Book value ) up o now, refer annual report.
Any revaluation like such will increase the NAV to 5.00 - 6.00 again.

My personnel view is below 2.50 is a very good price to enter and wait for sometime.

Cheers !

Promoney likes this post

17BIL - Rights Issue Empty Re: BIL - Rights Issue Thu Aug 06, 2020 12:00 pm

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Agree with wealth123

18BIL - Rights Issue Empty Re: BIL - Rights Issue Thu Aug 06, 2020 3:04 pm

Inthikahb M Wazeer


Senior Equity Analytic
Senior Equity Analytic
Buy BIL between 2.10 & 2.20 is the best as waiting time will be loooong

19BIL - Rights Issue Empty Re: BIL - Rights Issue Thu Aug 06, 2020 4:02 pm

abey


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
lot of buying 2.20 cheers cheers cheers wait one month

Inthikahb M Wazeer likes this post

20BIL - Rights Issue Empty Re: BIL - Rights Issue Fri Aug 07, 2020 1:39 pm

vikiperera


Manager - Equity Analytics
Manager - Equity Analytics
Target is Rs 3

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