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Sri Lanka Equity Forum » Stock Market Talk » Wow REEF Warrant Profit

Wow REEF Warrant Profit

Go down  Message [Page 1 of 1]

1Wow REEF Warrant Profit Empty Wow REEF Warrant Profit on Fri Aug 19, 2011 10:55 am

icecool


Stock Trader
i) Warrant - 2011 - In the ratio of 1 Warrant for 1 Rights Share 31,461,302 30.00
ii) Warrant - 2012 - In the ratio of 1 Warrant for 1 Rights Share 31,461,302 30.00
ii) Warrant - 2015 - In the ratio of 1 Warrant for 1 Rights Share 62,922,604 40.00

Profit
i) REEF.W0017 = 85-32=33 More than buying Cost
Double Profit Within a month

2Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Fri Aug 19, 2011 11:05 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@icecool wrote:i) Warrant - 2011 - In the ratio of 1 Warrant for 1 Rights Share 31,461,302 30.00
ii) Warrant - 2012 - In the ratio of 1 Warrant for 1 Rights Share 31,461,302 30.00
ii) Warrant - 2015 - In the ratio of 1 Warrant for 1 Rights Share 62,922,604 40.00

Profit
i) REEF.W0017 = 85-32=33 More than buying Cost
Double Profit Within a month


Total cost would be 62 to buy and convert warrants
not a 100% profit. around 50% profit

3Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Fri Aug 19, 2011 11:07 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@sapumal wrote:
@icecool wrote:i) Warrant - 2011 - In the ratio of 1 Warrant for 1 Rights Share 31,461,302 30.00
ii) Warrant - 2012 - In the ratio of 1 Warrant for 1 Rights Share 31,461,302 30.00
ii) Warrant - 2015 - In the ratio of 1 Warrant for 1 Rights Share 62,922,604 40.00

Profit
i) REEF.W0017 = 85-32=33 More than buying Cost
Double Profit Within a month




Total cost would be 62 to buy and convert warrants
not a 100% profit. around 50% profit



Presuming that REEF.N would stay at Rs 85 during warrant conversion

4Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Fri Aug 19, 2011 11:19 am

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:Presuming that REEF.N would stay at Rs 85 during warrant conversion

With several assumptions

1. Two new 4 star hotels with 300 rooms. Funds are already allocated
2. Gain from CLND ,40mn shares bought at 32
3. Expansion of new subsidiaries. Lotus tours, Citrus aqua
4. Probable gain from listing subsidiaries


Last report NAV =30

5Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Fri Aug 19, 2011 1:00 pm

suddera

suddera
Manager - Equity Analytics
Manager - Equity Analytics
Can some one explain this situation. If I buy Reef W now can I get ay profit. Question

6Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Fri Aug 19, 2011 1:24 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
@suddera wrote:Can some one explain this situation. If I buy Reef W now can I get ay profit. Question

No.
Warrants can be converted to share only on a company specified date. Reef warrants 1st of Oct
Date and excessive prices are fixed

7Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Sun Aug 21, 2011 3:55 pm

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
all this figures valid ONLY IF price of Normal share stays above 80.00. But with Reef.w0017 conversion share capital goes up... the 18 then 19... so do you guys think it ll be able to stay this price ? i doubt.. but will see...

DJ is behind it Very Happy

8Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Mon Aug 22, 2011 7:18 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@suddera wrote:Can some one explain this situation. If I buy Reef W now can I get ay profit. Question

Yes.

ONLY IF REEF.N trade above 62 after 1st of OCT .

If you bought a warrant (REEF.W17) now @ 32/- you have to pay another 30/- to convert it into a share at end of this month. Hence your cost is 62.00 per share.
If you sell the share @ 72/- your profit is 10.00 per share.

Remember REEF.N was trading @ 68.00 two weeks ago.
Again, remember a warrant holders' cost per share will be 62.00 on 1st of October. There will be 32 million new shares and part of them will be in the hands of retailers.
They can get a profit at any price above 62.00

(Again, remember if you did not pay 30/- rupees for the conversion you loss all the money paid for the warrant)

9Wow REEF Warrant Profit Empty Re: Wow REEF Warrant Profit on Mon Aug 22, 2011 7:58 pm

sapumal


Vice President - Equity Analytics
Vice President - Equity Analytics
Brokers needs to reanalyse REEF share. It has changed the shape rapidly during last few months.

game with CLND
new constuction in Hikkaduwa hotel
new hotels with 300 rooms and 100 villas

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