WAPO pricing - I cant understand

dmjesua · 51 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:25 pm

dmjesua

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Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

tubal · 52 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:33 pm

tubal

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dmjesua wrote:Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

Well they will not get any sympathy from me. Only the biggest kind of fool would buy a share at 2000 when it's real value is more like 200. My signature says it all.

tubal · 53 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:36 pm

tubal

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slstock wrote:

slstock wrote:Hope my calculation is wrong. This will blow all the Investors believing in findamentals driven market.

Say some one bought Wapo.N at RS 3000 ( for argument sake).

1) Initial cost of investment = Rs 300000

2) According to "Proportion:- Seventy Five (75) new ordinary shares for every two (02) shares held
Issue Price:- Rs.20/- "

He/She would receive = 100*75/2= 3750 rights.

3) Rights were trading as much as around rs 2000 in the morning.

For sanity let assume some one sold Rights at Rs500 each.

So Gain from rights = 3750 * 500= Rs 1875000

Total Gain = Rs 1875000- Rs 300000= Over Rs 1.5 Million!!!!

Image some one sold over Rs1000 a right!!!! Gain???

All this for a company with
Quarter EPS = (0.11)
Nine Month EPS = 0.46
NVPS = 21.25

I really hope I am mistaken else this is enough drive the investors holding fundamentals with positive earnign insane. This is CSE.

BTW, you can still sell original shares at Rs 2500. So your gain will be over Rs 1.8 Million.

Can you top that will any nvestoment. Over to you... I am dumb founded.

And all in a matter of two or three weeks. No wonder some of the new comers think guys like you and me are nuts when we talk about values.

Slstock · 54 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:41 pm

Slstock

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tubal wrote:

dmjesua wrote:Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

Well they will not get any sympathy from me. Only the biggest kind of fool would buy a share at 2000 when it's real value is more like 200. My signature says it all.

More like Rs 20. See what the COmpany said in their Interim report. To Company it is worth Rs 2 at most as below. Then comes the crossing at Rs 10.3. Anyone who buy it at Rs 500 even, why do they buy it. I agree with Tubal. No sympathy for them from me too.

"The rights issue price of Rs. 20 per share approximates closely to the prevailing net asset value of the
Company, which was Rs. 21.25 per share as at 31st December 2010. When the rights issue is concluded, the
resulting net asset value per share would work out to approximately Rs. 20.05, based on the published net
asset value as at end December 2010. "

Slstock · 55 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:42 pm

Slstock

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Posts : 6610
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tubal wrote:

dmjesua wrote:Hi, Slstock, Manipulators have earned the money from our small retailers. But, What next?????? What may be the price of WAPO after Rights?? Today Rights closed at 500/=. so, if Normal share come down to this level, what will happen to the investors who bought it over 3000/=????? How many will suicide? on other hand, can we expect another manipulation of Rights to keep it more than 3000?? Really confusing share....!!!!!!

Well they will not get any sympathy from me. Only the biggest kind of fool would buy a share at 2000 when it's real value is more like 200. My signature says it all.

More like Rs 20. See what the COmpany said in their Interim report. To Company it is worth Rs 2 at most as below. Then comes the crossing at Rs 10.3. Anyone who buy it at Rs 500 even, why do they buy it. I agree with Tubal. No sympathy for them from me too.

"The rights issue price of Rs. 20 per share approximates closely to the prevailing net asset value of the
Company, which was Rs. 21.25 per share as at 31st December 2010. When the rights issue is concluded, the
resulting net asset value per share would work out to approximately Rs. 20.05, based on the published net
asset value as at end December 2010. "

dhamm · 56 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:43 pm

dhamm

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Monster wrote:There can be price band for WAPO.R today.

No Price band today!

sapumal · 57 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 2:59 pm

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daaamm adddaaam ### $$$
WAPO right closing price is 14.50

godswen · 58 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:05 pm

godswen

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sapumal wrote:daaamm adddaaam ### $$$
WAPO right closing price is 14.50

How could it be?

salt · 59 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 3:32 pm

salt

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mark wrote:

Monster wrote:WAPO is 50% up today but no price band imposed. Why SEC is silent? :confused: Our market is overheated because of Carson group. Can any one tell me what's PER for the palm oil sector? Should be more than 50. :evil:

bro..........,me and only you commenting on this scam..........thanks bro for your comments..
today also 19splits @ 1942.00.................but today 3200 shares traded........ :( :( :(

No point of you and me writing the blogs... These guys with deep pockets they can go through the holes. At the end , innocent guys will suffer

http://forum.srilankaequity.com/t1032-if-this-trend-continues-huge-drop-in-the-market-and-disaster-is-inevitable

I have fed up with this damn system... market will react adversly one day... hope things won't be terrible as in Bangladesh.

sapumal · 60 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 6:10 pm

sapumal

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godswen wrote:

sapumal wrote:daaamm adddaaam ### $$$
WAPO right closing price is 14.50

How could it be?

due to 21mn trading at Rs11

mark · 61 Re: WAPO pricing - I cant understand Tue Mar 01, 2011 11:43 pm

mark

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Location : Hell....

http://www.cse.lk/cmt/upload_cse_announcements/4581298979056_.pdf

http://www.cse.lk/cmt/upload_cse_announcements/541298983816_.pdf

sale was done for group shareholding re organisation.............