Ceylon Lether Products - CLPL

nkuda · 1 Ceylon Lether Products - CLPL Tue Jun 21, 2011 1:25 pm

nkuda

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What is your view on this stock ?, It's now trading at 80/=, It's warrant conversion due in August, conversion price is 102/= which is more than the current share price .

econ · 2 Re: Ceylon Lether Products - CLPL Tue Jun 21, 2011 4:11 pm

econ

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I think they(directors) have to push up the share price otherwise warrant issue will be a total failure.
CLPL is quite illiquid share only 25 million shares issued and majority hold by lion heart so they can easily push up the share price.
I remember CLPL went from around 50Rs to over 200 in no time some time ago.

Prince · 3 Re: Ceylon Lether Products - CLPL Tue Jun 21, 2011 4:15 pm

Prince

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If GREG their clearance report tomorrow as they expecting, prices of the group can go up making a real wave. GREG will definitely manipulate CLPL share as econ said, using this opportunity.

seyon · 4 Re: Ceylon Lether Products - CLPL Tue Jun 21, 2011 5:48 pm

seyon

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nkuda wrote:What is your view on this stock ?, It's now trading at 80/=, It's warrant conversion due in August, conversion price is 102/= which is more than the current share price .

This chapter was discussed before in this forum. Yes u have point, to have successful warrant conversion, CLPL.N has to be traded above Rs.130.. otherwise warrant conversion will be unsuccessful..

I guess based on this reason, it had a run in January and went up Rs.125, and then came down.. I am little concern about this personality, When u carefully watch, When GREG started to make run, CLPL and DPL will also run.. and When GREG comes down, these also will come down... This is the investors/ these stocks sentiments in the mkt..

However, In the ERI group, CLPL is comparably good performing share ( comparing with DPL and PHAR) and trading current PE about 15...

We have about 2 months for the warrant conversion, will see How the share will perform...

Happy Trading