FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

BIL - Rights Issue

+7
Win Win
wealth123
Nandun
Roshan Fernando
Promoney
abey
NoobTrader
11 posters

Go down  Message [Page 1 of 1]

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


Assistant Vice President - Equity Analytics
Assistant Vice President - 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


Manager - Equity Analytics
Manager - Equity Analytics

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


Manager - Equity Analytics
Manager - Equity Analytics

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


Assistant Vice President - Equity Analytics
Assistant Vice President - 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


Manager - Equity Analytics
Manager - Equity Analytics

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


Assistant Vice President - Equity Analytics
Assistant Vice President - 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


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

wait one month  after right issue

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

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - 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


Assistant Vice President - Equity Analytics
Assistant Vice President - 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

21BIL - Rights Issue Empty Re: BIL - Rights Issue Fri Aug 07, 2020 5:17 pm

Bakka1988

Bakka1988
Manager - Equity Analytics
Manager - Equity Analytics

wealth123 wrote:
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 !
Agree

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum