Quick glance on REEF family

Had a quick glance on REEF family as of 30 June 2013 financials;



CITRUS LEISURE PLC (REEF.N0000)

Current Assets = 1,718,867
Current Liabilities = 1,319,752 1
Revenue = 52,646
Administrative Expenses = -39,134
Finance Cost =  -40,672)
Profit /(Loss) after Tax  = -36,170
Equity Holders of the Parent  = -24,161
Last Traded Price (Rs.) = 17.00
52Wk Low = 13.60
EPS = -0.25
NAV = 29.34
Cash at Bank and in Hand = 48,143
Bank Overdraft = -779,952

Shares in issue as at 30th June 2013 =  96,650,336

Top 20 shareholders;
PAN ASIA PLC /DIVASA EQUITY  = 34,332,570 (35.52%)
SEYLAN BANK PLC / GEORGE STEUART ENGINEERING  = 8,389,400 (8.68%)  
PAN ASIA  PLC /MR.A S R SILVA = 6,902,553 (7.14%)  
VALLIBEL ONE PLC = 5,615,356 (5.81%)  
ROYAL CERAMICS LANKA PLC = 2,768,276 (2.86%)  
COM BANK PLC / CAPITAL TURST HOLDINGS = 2,054,604 = (2.13%)  
SEYLAN BANK PLC / CAPITAL TRUST HOLDINGS  = 1,997,315 (2.07%)
Others =  22,974,644 (23.77%)

52Wk low - 0.90/-
Last Traded price = 2.20/-

Top 20 of Warrant - 2015 (W0019) holders;
PAN ASIA  PLC /DIVASA EQUITY = 18,364,740 (29.19%)  
PAN ASIA PLC/ MR A S R SILVA = 7,322,954 (11.64%)  
SEYLAN BANK PLC/ THARANA THORADENIYA = 3,575,718 (5.68%)  
SEYLAN BANK PLC/ W D N H PERERA = 1,675,655 (2.6%)
Others = 20,847,597 (33.132%)


HIKKADUWA BEACH RESORT LIMITED (CITH.N0000)

NAV = 15
EPS = -0.02 (nearly 3/4 reduction since June 2012)
Cash at Bank and in Hand  = 1,676,700
Shares in issue as at 30th June 2013 =  57,573,897
Last Traded Price (Rs.) = 19.90
IPO price = 20.00/-
Lowest traded price = 15.00/-

Top 20 shareholders;
CITRUS LEISURE PLC  = 51,127,239 (88.803%)
MR C N SAMARATHUNGA  = 5,248,334 (9.116%)
VENTURA CRYSTAL INVESTMENT (PVT) LTD  =  331,322 (0.575%)
Others = 292,687 (0.509 %)

WASKADUWA BEACH RESORT PLC(CITW.N0000)
In April, REEF signed a deal with BOI to setup and operate a 150 room 4star hotel in Waskaduwa, Kalutara.
Named "Citus Waskaduwa" is scheduled to open in 2013.

Current Assets = 1,185,316,800
Current Liabilities = 575,390,327
NAV = 10.33
EPS = -0.01
Cash at Bank and in Hand  = 4,710,935
Shares in issue as at 30th June 2013 =  155,600,010
Last Traded Price (Rs.) = 6.40/-
IPO Price = 12.50/-
Lowest traded price = 5.00/-

Top 20 shareholders;
CITRUS LEISURE PLC = 92,291,001 (59.31%)
VALLIBEL ONE PLC =  31,460,997 (20.22%)
MRS K M GOONEWARDENE =  4,680,277 (3.01%)
MR T G THORADENIYA =  3,500,001 (2.25%)
MR G R W DE SOYSA =  3,100,000 (1.99%)
COM BANK PLC/ CAPITAL TRUST HOLDINGS = 1,229,300 (0.79%)
SEYLAN BANK PLC/ CAPITAL TRUST HOLDINGS = 685,358 (0.44%)
Others = 8,575,298 (5.51%)

KALPITIYA BEACH RESORT PLC(CITK.N0000)

Current Assets = 524,584,804
Current Liabilities = 736,855,111
NAV = 9.39
EPS = -0.24
Shares in issue as at 30th June 2013 =  161,200,000.
Last Traded Price (Rs.) = 6.20/-
IPO Price = 17.50/-
Lowest traded price = 4.90/-
Cash at Bank and in Hand =  102,097
Bank Overdraft = - 727,368,553

Top 20 shareholders;
CITRUS LEISURE PLC = 111,653,901 (69.26%)
COM BANK OF CEYLON PLC / CAPITAL TRUST HOLDINGS (PVT) LTD = 6,599,467 (4.03%)
SEYLAN BANK PLC/ CAPITAL TRUST HOLDINGS (PRIVATE) LIMITED =  1,858,537 (1.04%)  
SAMPATH BANK PLC / CAPITAL TRUST HOLDINGS (PRIVATE) LIMITED =  1,805,934 (0.81%)  
MRS K M GOONEWARDENE =  4,072,655 (2.53%)  
MR G R W DE SOYSA =  3,500,000 (2.17%)  
MR T G THORADENIYA = 2,618,450 (1.52%)  
Others = 20,139,949 (12.88%)

Now u can see, as per the last available financials, the public shareholding of following counters;
REEF.N =  22,974,644 (23.77%)
REEF.W19 =  20,847,597 (33.132%)
CITW.N = 8,575,298 (5.51%)
CITH.N = 292,687 (0.509 %)
CITK.N = 20,139,949 (12.88%)

CITH & CITW are the lowest public exposed shares as per the last financials released. And CITW, Citus Waskaduwa, is scheduled to open in 2013.

Anyone has an update on these?

Hmm chasing the REEF family........



I am particularly interested in CITK & CITW....

I wish i could BUY them in 5.5-5 may be i am late

good work small..  

traderathome wrote:Hmm chasing the REEF family........



I am particularly interested in CITK & CITW....

I wish i could BUY them in 5.5-5 may be i am late

Unless the index falls, I doubt

small,
i dont think CITW can start operations in 2013. I went & saw the construction site. May be mid of next year they would be able to complete the constructions.

Thanks Chamith.

On a serious note, I was just thinkin..
We're paying big sums for just destroyed hotels in CSE, to buy loss making companies with no apparent strategy to profitability.. Buy loss making penny stocks in appreciation of 0.20-30 or 1 or 2 rupee
Why not pay less now and own few 1000s of these to be built hotels (just for the land value) as the value appreciates when hotels come to operations, its just a matter of 1-2 years rite??

smallville wrote:Thanks Chamith.

On a serious note, I was just thinkin..
We're paying big sums for just destroyed hotels in CSE, to buy loss making companies with no apparent strategy to profitability.. Buy loss making penny stocks in appreciation of 0.20-30 or 1 or 2 rupee
Why not pay less now and own few 1000s of these to be built hotels (just for the land value) as the value appreciates when hotels come to operations, its just a matter of 1-2 years rite??

spot on bro...
When i buy shares I give the primary focus on to the investments the company has made / going to make & the track record of the management.

smallville wrote:Thanks Chamith.

On a serious note, I was just thinkin..
We're paying big sums for just destroyed hotels in CSE, to buy loss making companies with no apparent strategy to profitability.. Buy loss making penny stocks in appreciation of 0.20-30 or 1 or 2 rupee
Why not pay less now and own few 1000s of these to be built hotels (just for the land value) as the value appreciates when hotels come to operations, its just a matter of 1-2 years rite??

I think it is all about timing in investing when it comes to these shares(ongoing hotel constructions such as CITW,CITK,BBH ETC).If you enter in the wrong time, you may loose money or will have to hold it for very long time without a return.
I got information from an internal source that BBH opening may delay to mid 2014 from its scheduled openinig period of begining of 2014. Eventhough this is a good share, I d rather wait for few months to buy this share..

My broker told me that there is a land dispute in CITW or CITK, therefore i hesitated to buy these shares. Please clarify me if i m wrong......

I feel among the all above, Reef.W can give u very good profit in short term- say in two three days considering the last week trading.

How ever there can be so many rounds for CITK and CITW play to with.( I already did profitably for two times now) . Any way belive rs. 6 (current level) is a very good price to collect. Im waiting to unload around 7.50 to 8 in comming weeks.

CITK and REEF will have a run with the opening of new shoping mall attach to liberty very soon in addition to the possible pick-up with the opening of CITW next year.

I hold Reef.W, CITK & CITW where as try to collect more in small chunks. 

where were you all when it at 1

sorry for next round of suckers. im selling

player wrote:where were you all when it at 1

sorry for next round of suckers. im selling

May be buyers who buy from you will get a chance to sell higher as well

wellappili wrote:

player wrote:where were you all when it at 1

sorry for next round of suckers. im selling

May be buyers who buy from you will get a chance to sell higher as well

yes of course. who knows.

player wrote:

wellappili wrote:

player wrote:where were you all when it at 1

sorry for next round of suckers. im selling

May be buyers who buy from you will get a chance to sell higher as well

yes of course. who knows.

Hmmm.. when I sell, I expect the person who buys from me too will have some profit so he's not losing.

Ppl who sell stocks for 0.50 - 1.00 rupee profit are the lousiest ones sometimes.. Sometimes they'll miss big manipulations sometimes they'll gain by doing so.. Cant blame ne..

I often found that the ppl who come here and tell others that they're selling are the ones who missed the boat. They hope to bring the price down for them to collect thinking that everyone will start selling and they can buy when the selling is over  

Of course if many think that 1 rupee profit is enuf, they'd start dumping sending the warrant to 1.50s again  

Obviously, it creates a another chance for the guys who eye on this to buy more cheap..

troy wrote:

CITK and REEF will have a run with the opening of new shoping mall  attach to liberty very soon in addition to the possible pick-up with the opening of CITW next year.

I hold Reef.W, CITK & CITW where as try to collect more in small chunks. 

I think in that case better to look at CLND than the REEF family.. REEF has no connection to the building being setup next to Liberty Plaza.

Remember...As much as frustrating for so many people, the mature stock markets are unpredictable and uncontrollable. But here the situation is different a little cuz few top players can move the market with their money.. However, the stock market just like everything else, runs on cycles. What goes up might come down and what goes down might come up.. The stocks that are beaten down or bled so much might move up suddenly and the stocks that made many ppl millionaires might be ready to bring another set of paupers   

“October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.”

smalville,

How many months are there in your calender?

smallville wrote:
“October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.”

 

smallville wrote:Remember...As much as frustrating for so many people, the mature stock markets are unpredictable and uncontrollable. But here the situation is different a little cuz few top players can move the market with their money.. However, the stock market just like everything else, runs on cycles. What goes up might come down and what goes down might come up.. The stocks that are beaten down or bled so much might move up suddenly and the stocks that made many ppl millionaires might be ready to bring another set of paupers   

“October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.”

According to the information in latest AR, CITW will start operation in April 2014.
They have temporarily hold the construction of CITK and looking for different options. The chairman has given an idea about a 'Mixed Development' with a foreign partner. Anyway, they are planning to start CITK in next year.

During last one and half year I was collecting REEF.W19 at different price levels. I sold part of them to book profits and in some situations to cut losses early. Now the collections is over. more than 50% of current lot was collected between 1.30 to 1.90.

smallville wrote: REEF has no connection to the building being setup next to Liberty Plaza.

Forgotten  ?  They have through CITK. Without it CITK is just a marshy land.

BTW, now I feel CITK's may never go  for a big hotel in kalpitiya.

seek wrote:
During last one and half year I was collecting REEF.W19 at different price levels. I sold  part of them to book profits and in some situations to cut losses early. Now the collections is over. more than 50% of current lot was collected between 1.30 to 1.90.

Smart ha  

Chinwi wrote:

smallville wrote: REEF has no connection to the building being setup next to Liberty Plaza.

Forgotten  ?  They have through CITK. Without it CITK is just a marshy land.

BTW, now I feel CITK's may never go  for a big hotel in kalpitiya.

Oops.. I've really forgotten.. Any news on their development..
In your point Chinwi, can an investment have a sizeable return or not? What do u think?

I've actually forgotten CLND and CITK are connected..

In fact I see CLND about 7 rupees up from 38 now..
On charts CITK & CITW gave a buy signal below 6, on MA based crossovers, these are still a buy.. But we cannot say 4 sure.

CITK - out of 4 MA crossover buys 2 were successful, we're in the 5th one now.
CITW - out of 3 MA crossover buys 2 were successful, we're in the 4th one now.

CLND - 90% of past MA crossovers with MACD crossovers have been successful. Around 38 another MACD crossover was seen and MA crossover yet to be completed.

Does anyone having CITH???

What are the recommendations that you all can give to that share???