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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» SEMB SEMB
by RJ1010 Today at 12:21 am

» Leading brokers causing market downturn
by dhanushkacse Yesterday at 10:18 pm

» පෙබරවාරි මාසේ කොළඹ කොටස් වලට මොකක්ද වුනේ - බැසුවාද ? බැස්සාද ?
by Nishan Cooray Yesterday at 9:42 pm

» TRUE VALUE OF LANKA ALUMINUM INDUSTRY (LALU)
by Trading Jockey Yesterday at 6:56 pm

» NATIONS TRUST BANK PLC (NTB.N0000)
by chathura123 Yesterday at 3:53 pm

» UNHCR Fear is over 21 countries speak for us only 15 against
by Vishwanarth Yesterday at 11:14 am

» Daily Foreign Transactions
by Mithooshan Yesterday at 7:31 am

» SOFTLOGIC HOLDINGS PLC (SHL.N0000)
by suku502 Yesterday at 12:58 am

» DFCC will be receiving Rs.594,538,285.50
by Wonderer Fri Feb 26, 2021 7:49 pm

» UNHCR එකේ ලොකූ ටෝක දැම්මට සමහර ඔස්තාර් ලා කියන ආර්තික සම්භාදක අරවා මේවා මුකුත් එන්නේ නැ
by Vishwanarth Fri Feb 26, 2021 6:27 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by samaritan Fri Feb 26, 2021 9:45 am

» GLAS will be winner with Super Gain.
by Eranga87 Fri Feb 26, 2021 2:00 am

» If you are one of those people who can sleep at night while someone else is in control of your destiny, then my advice would be to only invest in stocks
by Asoka Samarakone Thu Feb 25, 2021 9:58 pm

» Price prediction on GRAN and TAFL
by Bakkabwoi Thu Feb 25, 2021 6:22 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Vishwanarth Thu Feb 25, 2021 2:54 pm

» Bullish sentiment returns with market regulator's assurance
by Vishwanarth Thu Feb 25, 2021 2:52 pm

» DIPD/HAYC/HAYL
by Wickyz Thu Feb 25, 2021 1:19 pm

» Chart 25.02.2021
by stockback Thu Feb 25, 2021 12:41 pm

» is it a good time to sell expo shares
by Kipling Thu Feb 25, 2021 8:39 am

» Current 2021 Februray Unit Trust/Unit Fund Per Annum percentages
by agentnrox Thu Feb 25, 2021 8:13 am

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » What About SING

What About SING

Go down  Message [Page 1 of 1]

1What About SING Empty What About SING Sun Aug 14, 2011 2:23 pm

kaka


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Pls comment Surprised

2What About SING Empty Re: What About SING Sun Aug 14, 2011 3:10 pm

Fresher


Moderator
Moderator
what do you want to know?

3What About SING Empty Re: What About SING Sun Aug 14, 2011 3:14 pm

kaka


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Is it worth for 500/-

4What About SING Empty Re: What About SING Sun Aug 14, 2011 4:16 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
IT was worth at 1500 before XR!
I bought it at that price and I'm expecting to make a good profit as I have posted before!
Now I don't know and depends on the market conditions and peoples expectations!OFC if no manipulation what so ever,( Highly unlikely this is CSE after all) the price of Rs 500 for Sing might not be a great investment!
It all depends on the risk and return you like to take.

5What About SING Empty Re: What About SING Sun Aug 14, 2011 5:11 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Date of announcement: - 05-Feb- 2010
Proportion: - Three (03) ordinary shares for every One (01) ordinary share held
Issue Price: - Rs.55.00/-
Qty Offered: - 4,155,621
EGM & Provisional Allotment: - 11-Aug-2011
XR: - 12-Aug-2011
Dispatch of Provisional Letter of Allotment: - 18-Aug-2011
Trading Commences on:-24-Aug-2011
Renunciation: - 01-Sep-2011
Last Date of Acceptance & Payment: - 02-Sep-2011


This quarter EPS; - 0.08
Nav June 11 (before XR) : Rs 53.63

If you bought at Rs 1500 before XR...

After XR the price = 1500+55*3/4= RS 416.


Presuming a share is Rs 500 now ...
To break even, the Rights needs to trade over Rs 333.

Kaka, please see above. You can decided whether it is worth Rs 500 now or not. I cannot predict about manipulations but this is high gamble with might go anyway. Are you for it ?


Rajitha,
Can you explain why you say this share is worth.? Presume you meant it is worth for a gamble. I see you have bought it.

There are new comers here. for their reference, when one asks whether a share is worth, it usually based on fundamentals. So on fundamentals you can see on the stats above it is not worth. But for gambling.. I leave it to you.


6What About SING Empty Re: What About SING Sun Aug 14, 2011 5:18 pm

Fresher


Moderator
Moderator
This first caught my eye some months ago when it was trading at 200/- -300/- just 100 by 100

i bought at 300 and sold at 600
then only i looked into the reports and saw it had nothing in it but an injunction order.
it then moved to as higfh as 4000 and settled at 1500-2000
just for the gamble i too bought it at 1500 before the XR date and knowing the existence of dumb money i waited till it went up in XR date and dumped it at 732 Smile
now im awaiting the rights forms!

surely when the rights come we will see new threads here
"What are R share?, is it worth xxx? i bought R at xxx will it go up? ect ect.."

7What About SING Empty Re: What About SING Sun Aug 14, 2011 11:05 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:
Date of announcement: - 05-Feb- 2010
Proportion: - Three (03) ordinary shares for every One (01) ordinary share held
Issue Price: - Rs.55.00/-
Qty Offered: - 4,155,621
EGM & Provisional Allotment: - 11-Aug-2011
XR: - 12-Aug-2011
Dispatch of Provisional Letter of Allotment: - 18-Aug-2011
Trading Commences on:-24-Aug-2011
Renunciation: - 01-Sep-2011
Last Date of Acceptance & Payment: - 02-Sep-2011


This quarter EPS; - 0.08
Nav June 11 (before XR) : Rs 53.63

If you bought at Rs 1500 before XR...

After XR the price = 1500+55*3/4= RS 416.


Presuming a share is Rs 500 now ...
To break even, the Rights needs to trade over Rs 333.

Kaka, please see above. You can decided whether it is worth Rs 500 now or not. I cannot predict about manipulations but this is high gamble with might go anyway. Are you for it ?


Rajitha,
Can you explain why you say this share is worth.? Presume you meant it is worth for a gamble. I see you have bought it.

There are new comers here. for their reference, when one asks whether a share is worth, it usually based on fundamentals. So on fundamentals you can see on the stats above it is not worth. But for gambling.. I leave it to you.



READ what I Wrote again! I have bought it and already sold it and I posted about that this will give above average returns in a tread before as well!

8What About SING Empty Re: What About SING Sun Aug 14, 2011 11:45 pm

dinusha.kiwulegedara


Senior Equity Analytic
Senior Equity Analytic

Hay Guys ....

I already analyzed this share (Sing) I do recommended, its more gainful if you can catch right from the secondary market. Price of the Right Rs 55/= if you purchased right ,(Imaging Maximum price should be Rs 100/= ) with cost of Rs 155/= When its converted you can gain it double.

Because share price should be 1500+55*3/4= RS 416.

I have never seen this type right issue for a single share. This is rare situation.
Secret is right price is Rs 55/= Closing price per share is Rs 1500/- Proportion is - Three (03) ordinary shares for every One (01) ordinary share held.

Totally recommended Good to buy....!!!

Good luck

9What About SING Empty Re: What About SING Mon Aug 15, 2011 3:00 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Rajitha wrote:
@slstock wrote:
Date of announcement: - 05-Feb- 2010
Proportion: - Three (03) ordinary shares for every One (01) ordinary share held
Issue Price: - Rs.55.00/-
Qty Offered: - 4,155,621
EGM & Provisional Allotment: - 11-Aug-2011
XR: - 12-Aug-2011
Dispatch of Provisional Letter of Allotment: - 18-Aug-2011
Trading Commences on:-24-Aug-2011
Renunciation: - 01-Sep-2011
Last Date of Acceptance & Payment: - 02-Sep-2011


This quarter EPS; - 0.08
Nav June 11 (before XR) : Rs 53.63

If you bought at Rs 1500 before XR...

After XR the price = 1500+55*3/4= RS 416.


Presuming a share is Rs 500 now ...
To break even, the Rights needs to trade over Rs 333.

Kaka, please see above. You can decided whether it is worth Rs 500 now or not. I cannot predict about manipulations but this is high gamble with might go anyway. Are you for it ?


Rajitha,
Can you explain why you say this share is worth.? Presume you meant it is worth for a gamble. I see you have bought it.

There are new comers here. for their reference, when one asks whether a share is worth, it usually based on fundamentals. So on fundamentals you can see on the stats above it is not worth. But for gambling.. I leave it to you.



READ what I Wrote again! I have bought it and already sold it and I posted about that this will give above average returns in a tread before as well!

Rajitha, READ what I asked. This is not a personal attack on You or your actions to buy and sell. It is Your choice. You said you bought it at RS 1500 before XR and it is worth. Now you say you sold . No problem it is your ploy. Thats not what I asked. On what ground you mentioned "worth" so the newcomer are clear. I see that you meant it is worth for a short term gamble (not based on fundamentals) as it could gain higher returns. I want to educate new comers to play safe with shares like this for short term . New comer what is your plan on this?

Just want to make it clear to New Comers :

Trading with high illiquids and their Rights which were pushed up to very high prices with no fundamentals can either give you high gain or high loss. Read NPP post where he says this share was trading at RS 200-300 before. Just be careful and play wisely with SING. Do your calculations wisely and exit at the right time. That why I presented the calculations before.

So with SING
1) If you bought at RS 1500 before XR
You will have to sell your 3 rights over RS 334 to make profit.

2) If you want to buy SING Rights from the secondary market (when they get listed) , be very careful not to pay high prices. SING share can get inflated or deflated at that time when Rights come. Ex : We seen so many people in this forum who bought WAPO Rights at prices RS 500-800 just because WAPO share was trading in the Rs1000 at that time. They would have lost Lakhs or millions now . WAPO share is trading at RS 180-190 right now.

So be careful as this gamble can make you money or make you go broke if you do not play your cards carefully.

10What About SING Empty Re: What About SING Mon Aug 15, 2011 9:17 am

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:
READ what I Wrote again! I have bought it and already sold it and I posted about that this will give above average returns in a tread before as well!

Rajitha, READ what I asked. This is not a personal attack on You or your actions to buy and sell. It is Your choice. You said you bought it at RS 1500 before XR and it is worth. Now you say you sold . No problem it is your ploy. Thats not what I asked. On what ground you mentioned "worth" so the newcomer are clear. I see that you meant it is worth for a short term gamble (not based on fundamentals) as it could gain higher returns. I want to educate new comers to play safe with shares like this for short term . New comer what is your plan on this?

Just want to make it clear to New Comers :

Trading with high illiquids and their Rights which were pushed up to very high prices with no fundamentals can either give you high gain or high loss. Read NPP post where he says this share was trading at RS 200-300 before. Just be careful and play wisely with SING. Do your calculations wisely and exit at the right time. That why I presented the calculations before.

So with SING
1) If you bought at RS 1500 before XR
You will have to sell your 3 rights over RS 334 to make profit.

2) If you want to buy SING Rights from the secondary market (when they get listed) , be very careful not to pay high prices. SING share can get inflated or deflated at that time when Rights come. Ex : We seen so many people in this forum who bought WAPO Rights at prices RS 500-800 just because WAPO share was trading in the Rs1000 at that time. They would have lost Lakhs or millions now . WAPO share is trading at RS 180-190 right now.

So be careful as this gamble can make you money or make you go broke if you do not play your cards carefully. [/quote]

Man he was asking about buying around Rs 500 not selling at that price! So that is why I said it carry heavy risks but can pay off! the reason for this is most of these illiquids get pushed before there rights hit the market. Read what I typed again please!

Also I sold my lot at Rs 750 already! So all I need to do it sell Right over Rs 250 to gain a profit and the way its going as you can see with any decent market I will make a huge gain!

11What About SING Empty Re: What About SING Mon Aug 15, 2011 9:23 am

Fresher


Moderator
Moderator
I think Rajitha and I have done almost the same thing. Buying at 1500 and selling at 750 & 730 respectively. I did this as a total gamble and knowing the behavior of the market for things like these.

The rights issue of 3 for 1 @ 55 was pending even at the time when it was trading at less than 300/- At that time the XR price would have been much less.
I have no idea why it shot up. I actually expected the company to make use of the high price by revising the issue accordingly, but it didn't.

For me, SING is worth nothing. Even the purpose of the rights is to make selected investments.

12What About SING Empty Re: What About SING Mon Aug 15, 2011 10:30 am

udeni

udeni
Manager - Equity Analytics
Manager - Equity Analytics
I think it's best if new comers look into their Interim financial statements for the three months ended 30th June 2011.

http://www.cse.lk/cmt/upload_report_file/499_1312452562.pdf

13What About SING Empty Re: What About SING Mon Aug 15, 2011 11:05 am

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
@dinusha.kiwulegedara wrote:
Hay Guys ....

I already analyzed this share (Sing) I do recommended, its more gainful if you can catch right from the secondary market. Price of the Right Rs 55/= if you purchased right ,(Imaging Maximum price should be Rs 100/= ) with cost of Rs 155/= When its converted you can gain it double.

Because share price should be 1500+55*3/4= RS 416.

I have never seen this type right issue for a single share. This is rare situation.
Secret is right price is Rs 55/= Closing price per share is Rs 1500/- Proportion is - Three (03) ordinary shares for every One (01) ordinary share held.

Totally recommended Good to buy....!!!

Good luck

now it is trading @ 550.00. When rights came to market and converted to Normal share the amount of shares will multiple by 4 times and you think it will stay around this price ?? i highly doubt.

look at WAPO... what was the XR price and what is the price now ??

NPP you ve played a smart game though a it is risky play.

14What About SING Empty Re: What About SING Tue Aug 16, 2011 1:14 am

dinusha.kiwulegedara


Senior Equity Analytic
Senior Equity Analytic

Dear Malinda,

Your totally get wrong. Apply my calculation to sing share ... This is for short term gain not for the long term. Market short term pricing is more differentiated than long term pricing. Lot of factors are effected to change of the price in long term. But short term it would not effected more factors.

You mean Wapo. Now Wapo is positioned in right place now but at that time (I mean right Trading Time ) it was going up exceeding Rs 1000/=

You must understood analytical & theoretical aspects of the Stock Market. Learn More about right issue. you can enjoy with high gain other than share trading.

Good luck

15What About SING Empty Re: What About SING Fri Aug 26, 2011 9:09 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:
Date of announcement: - 05-Feb- 2010
Proportion: - Three (03) ordinary shares for every One (01) ordinary share held
Issue Price: - Rs.55.00/-
Qty Offered: - 4,155,621
EGM & Provisional Allotment: - 11-Aug-2011
XR: - 12-Aug-2011
Dispatch of Provisional Letter of Allotment: - 18-Aug-2011
Trading Commences on:-24-Aug-2011
Renunciation: - 01-Sep-2011
Last Date of Acceptance & Payment: - 02-Sep-2011


This quarter EPS; - 0.08
Nav June 11 (before XR) : Rs 53.63

If you bought at Rs 1500 before XR...

After XR the price = 1500+55*3/4= RS 416.


Presuming a share is Rs 500 now ...
To break even, the Rights needs to trade over Rs 333.



Guys, who bought and planning to buy SING. Becareful with the rights as I mentioned before.

Remember a Right to buy a share is Rs 55 . A share is now trading at Rs 320.

Play safe.

16What About SING Empty Re: What About SING Fri Aug 26, 2011 10:07 am

rm

rm
Senior Equity Analytic
Senior Equity Analytic
I hope SING is a not worth share. it is too much over valued.

correct me if i'm wrong.

Sponsored content


Back to top  Message [Page 1 of 1]

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