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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » MAL - SUBDIVISION OF SHARES

MAL - SUBDIVISION OF SHARES

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1MAL - SUBDIVISION OF SHARES  Empty MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 1:08 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
10 for 1
http://www.cse.lk/cmt/upload_cse_announcements/3981298015174_.pdf

2MAL - SUBDIVISION OF SHARES  Empty Subdivision of MAL.... Fri Feb 18, 2011 1:08 pm

dmjesua


Senior Equity Analytic
Senior Equity Analytic
10:1

3MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 1:24 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Do they really need a share split? They have enough liquidity. There are many shares desperately need for share split. Ex, DIMO, CFIN, NEH etc...

4MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 1:46 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Monster wrote:Do they really need a share split? They have enough liquidity. There are many shares desperately need for share split. Ex, DIMO, CFIN, NEH etc...

Not at 1;10 . Maybe 1:4 or 1:3. Remember RICH did something like the same. Maybe they want to make it more liquid so it is easy for a small timer to buy. MAL thiugh undervalued has been stagnant compared to other plantation shares. So maybe management thought oh.. maybe this will help for the market to notice our share ;-)

If they produce good finanicals this quarter MAL can go up to RS 150 I beleive. Their 9 momth Eps is Rs 14.8 or close

5MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 2:01 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
This subdivision is really unnecessary.. and 1 into 10 is an absurd figure to me.. it should have been 1 into 2.. Now once the subdivision is done this will shoot up to 12-13 and stagnate on 10 for a long time and can go to 8-9 as well..

6MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 2:26 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I posted like 2-3 weeks back as a Short term investment to buy MAL.X. At that time share was trading around Rs 61-62. Today it hit rs 89 and after split it will most probably be around rs 100 from current prices!

7MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 2:44 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
I also feel the sub division amount was to much, even NDB, LFIN ( Capitalization of Reserve ) was only 1 for 1

8MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 3:13 pm

shan


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
MAL.N and MAL.X after announcement of sub division shares 10 for 1 major opportunity for buy at today market price.i think next week MAL.N will pass 150.00 MAL.X will pass 125.00.

9MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 3:35 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
SEC did it again.

In terms of the SEC directive dated 14th September 2010, the 10% price band has been imposed on MAL.X.0000 & CTEA.N.0000 with effect from 21st February 2011 to 14th March 2011 (both days inclusive).
The full list of securities on which the 10% price band is applicable is attached.

I understand that CTEA rose 48% today. Before that there was steep drop before this rise. So I can understand the band.
But only rose MAL.X 23% T today. I though they consider 3 days of price movement before inflicting a band. What a way to kill the subdivision momentum.

I do not hold mal.x . Just a comment.

10MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 4:31 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Now everyone know whats gonna happen next.. may be u can buy MAL cheap again.. Evil or Very Mad

11MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 4:37 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
this happened to me once. i bought COCO at 48 then it shot up 53, coco.x also tagged along. Then the damn SEC put a price band on it.

Sad

The next day coco dropped to 49 and then slowly bled out. that was the end of that Crying or Very sad

12MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 4:45 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@mono wrote:this happened to me once. i bought COCO at 48 then it shot up 53, coco.x also tagged along. Then the damn SEC put a price band on it.

Sad

The next day coco dropped to 49 and then slowly bled out. that was the end of that Crying or Very sad

Yup I recall the time. I got caught to that too. I had COCO.n.

13MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 6:25 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
MAL Results out! Rs 19 earnings per the last finical year. So MAL. X trading around at about PE of 4. It might even drop even lower! If some one bought the share after I said its great for short term could have earned over 25% gain in 2 weeks already and a lot more in a month or 2 time I'm sure!

14MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 10:46 pm

dhamm


Manager - Equity Analytics
Manager - Equity Analytics
@Rajitha wrote:MAL Results out! Rs 19 earnings per the last finical year. So MAL. X trading around at about PE of 4. It might even drop even lower! If some one bought the share after I said its great for short term could have earned over 25% gain in 2 weeks already and a lot more in a month or 2 time I'm sure!

hats off to you Rajitha. But where is that guy who was strongly against your finding at that time? forum would like to know what he has to say now...

15MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Fri Feb 18, 2011 10:51 pm

mono

mono
Vice President - Equity Analytics
Vice President - Equity Analytics
@dhamm wrote:
@Rajitha wrote:MAL Results out! Rs 19 earnings per the last finical year. So MAL. X trading around at about PE of 4. It might even drop even lower! If some one bought the share after I said its great for short term could have earned over 25% gain in 2 weeks already and a lot more in a month or 2 time I'm sure!

hats off to you Rajitha. But where is that guy who was strongly against your finding at that time? forum would like to know what he has to say now...

I was strongly against anyone buying mal.x, you guys will soon see why. Wink

16MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Sat Feb 19, 2011 10:30 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
MAL is a good company and few months ago it was even a undervalued share.. I didnt have a look at this after selling this when it came to 90s and now I'd think their sub division is too much and share is gonna get too much liquid after that. .so value wise, I'm not gonna jump to this now.. i'll wait till all the interest is over to buy back low.
X or N both has no value in my books at this stage.. Evil or Very Mad

17MAL - SUBDIVISION OF SHARES  Empty Mal Sat Feb 19, 2011 12:19 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I think Mal X was queite illiquid stock. May be thats why they thought of a split+they wanted to be noticed. Come on everybody does it. So why not Mal?

18MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Sat Feb 19, 2011 12:25 pm

mark

mark
Expert
Expert
too much liquid will harm the share price to move rapidly......i think MAL would have the effect which RICH had after the split.......

19MAL - SUBDIVISION OF SHARES  Empty Re: MAL - SUBDIVISION OF SHARES Sat Feb 19, 2011 12:40 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@mark wrote:too much liquid will harm the share price to move rapidly......i think MAL would have the effect which RICH had after the split.......

That's the best picture of it.. I guess it needs a sub but 1 into 10 means too much.. Why the mgt wants to bring down the share price to make it too liquid.. the illiquid nature attracts it more..
The case with RICH was also the same.. how many months RICH has stagnated to run up till the results were released.. the same can happen to MAL... Now i'd wait patiently till this comes to 10 after sub and wait more to see whether it goes to 9..

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