CITRUS LEISURE PLC share & It's Warrants

higanakolla · 1 CITRUS LEISURE PLC share & It's Warrants Mon Mar 21, 2011 1:33 pm

higanakolla

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REEF.N0000 Share - Market Price 77

REEF.W0017 Warrant - 2011 1 Warrant for 1 Rights Share(Exercise Price 30) - Market Price 30 (Difference 17)
REEF.W0018 Warrant - 2012 1 Warrant for 1 Rights Share(Exercise Price 30) - Market Price 24 (Difference 23)
REEF.W0019 Warrant - 2015 2 Warrant for 1 Rights Share(Exercise Price 40) - Market Price 21 (Difference -5)

(Market Price @ 2011/03/21 1.25 PM)

Reference - http://www.cse.lk/cmt/uploadAnnounceFiles/5551283310245_568.pdf

Think about this and compare with CEYLON LEATHER PRODUCTS PLC-(CLPL.N0000) share and warrants.

Finally think about the future of CITRUS LEISURE PLC.

StocksWatch · 2 Re: CITRUS LEISURE PLC share & It's Warrants Mon Mar 21, 2011 3:18 pm

StocksWatch

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Did somebody dump some reef warrants today just before the close of business? Or was it forced selling?

TuskerLK · 3 Re: CITRUS LEISURE PLC share & It's Warrants Mon Mar 21, 2011 4:11 pm

TuskerLK

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ya i do think like that-it should be a force selling, I have massive quantity with 10/= per share loss.. Sad

higanakolla · 4 After market's closed Mon Mar 21, 2011 7:22 pm

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(21/03/2010)	VMA Price	Exercise Price	Time Cost	Time Profit/(Loss) Per Share
CITRUS LEISURE[REEF.N0000]	75.60
CITRUS LEISURE[REEF.W0017]	29.20	30	59.20	16.40 [75.6-59.20]
CITRUS LEISURE[REEF.W0018]	22.50	30	52.50	23.10 [75.60 - 52.50]
CITRUS LEISURE[REEF.W0019]	19.70	40	59.70*2=118.4	(43.80) [75.6 - 118.4]

higanakolla · 5 Re: CITRUS LEISURE PLC share & It's Warrants Mon Mar 21, 2011 7:38 pm

higanakolla

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Now think about REEF.W0018 If you can buy this share at the current price you can gain double profit within 2 year. REEF share can be go down but price gap remains to make profit.

StocksWatch · 6 Re: CITRUS LEISURE PLC share & It's Warrants Mon Mar 21, 2011 7:50 pm

StocksWatch

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higanakolla wrote:
(21/03/2010) VMA Price Exercise Price Time Cost Time Profit/(Loss) Per Share
CITRUS LEISURE[REEF.N0000] 75.60
CITRUS LEISURE[REEF.W0017] 29.20 30 59.20 16.40 [75.6-59.20]
CITRUS LEISURE[REEF.W0018] 22.50 30 52.50 23.10 [75.60 - 52.50]
CITRUS LEISURE[REEF.W0019] 19.70 40 59.70*2=118.4 (43.80) [75.6 - 118.4]

I don't understand your calculation for W0019. Could you please elaborate?

higanakolla · 7 Re: CITRUS LEISURE PLC share & It's Warrants Mon Mar 21, 2011 10:27 pm

higanakolla

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StocksWatch wrote:

I don't understand your calculation for W0019. Could you please elaborate?

REEF.W0019 Warrant - 2 Warrant for 1 Rights Share(Exercise Price 40)
Total cost - (19.70*2)+(40*2)=(19.7+40)*2=119.7

http://www.cse.lk/cmt/uploadAnnounceFiles/5551283310245_568.pdf

StocksWatch · 8 Re: CITRUS LEISURE PLC share & It's Warrants Tue Mar 22, 2011 3:42 pm

StocksWatch

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higanakolla wrote:

StocksWatch wrote:

I don't understand your calculation for W0019. Could you please elaborate?

REEF.W0019 Warrant - 2 Warrant for 1 Rights Share(Exercise Price 40)
Total cost - (19.70*2)+(40*2)=(19.7+40)*2=119.7

http://www.cse.lk/cmt/uploadAnnounceFiles/5551283310245_568.pdf

But for each warrant, you get a new share, right? So don't you have to devide 119.7 by 2 to caculate cost per share?

Chinwi · 9 Re: CITRUS LEISURE PLC share & It's Warrants Wed Mar 23, 2011 10:58 am

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I think for W19 you do not have to multiply it by 2.

The warrant trading in the market has already passed that stage. I.e. 2 warrants given for 1 right subscribed.

Hence the cost is 19.70 + 40 = 59.70

profit (as per your formula) is 75.60-59.70 = 15.90 and not -43.80
.

[Note: I do not know what will happen to this share in future. ]