WAPO pricing - I cant understand

tubal wrote:Hey what about me? :-)
(my comment on first page) Thanks for your comments and reps on the thread I started earlier. I am fresh out of reps to give you for this thread. Will do so tomorrow.

ane sorry bro......i ddn't see..........i also can't put a rep on you........i already cast my all votes as negative on CHAMMA...........
thanks very much to you also......
and also GFTE......

WAPO is 2799/- today. Can any one guess where this WAPO will end up?

Monster wrote:WAPO is 2799/- today. Can any one guess where this WAPO will end up?

will end up in 20,000?.........................ayyo..............
such these shares will form bubbles.....you pay so much for a stone thinking that it is a gem...........why people don't understand?...............

What the hell is the SEC doing?

apo this WAPO and overvalued illiquid shares ruin our market..........
SEC sleeping.................

mark wrote:apo this WAPO and overvalued illiquid shares ruin our market..........
SEC sleeping.................

SEC will be sleeping until the blood bath

What happend to WAPO.. Dropped dramatically to 999/-. Who ever manipulated this share dropped at 2900 level. That's what I told, don't be a victim end of the day.

Monster wrote:What happend to WAPO.. Dropped dramatically to 999/-. Who ever manipulated this share dropped at 2900 level. That's what I told, don't be a victim end of the day.

Oops, I am sorry, It's a right issue, trading at 900/- level. I didn't notice it. :)

http://www.cse.lk/cmt/upload_report_file/612_1298894789656.pdf

Quarter EPS = (0.11)
Nine Month EPS = 0.46
NVPS = 21.25

what the hell are they doing..We all @ loss.Any positive idea about to avoid such effect for our small PF..?

Well the blood bath that monster and mark have been predicting is here, but it's with WAPO.R instead of WAPO.N

Did you notice it's trading range. 10.30 - 2500
Yes, your eyes are not deceiving you and I did type that correctly. The lowest price for WAPO.R is 10.3 At the time of writing it's trading at 450.00

Did Carsons sold their entire Rights?

If yes who is the buyer? or its a internal transfer only?

tubal wrote:Well the blood bath that monster and mark have been predicting is here, but it's with WAPO.R instead of WAPO.N

Did you notice it's trading range. 10.30 - 2500
Yes, your eyes are not deceiving you and I did type that correctly. The lowest price for WAPO.R is 10.3 At the time of writing it's trading at 450.00

I am waiting to know the buyer, because the seller must be carsons, so is it an internal transfer?

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.

WAPO.R is trading at 435/-. What will happened to those who purchased WAPO.N at 2900/- yesterday?

Look at the figures WAPO.R traded in the morning.

09:30 1,000 2,500.00
09:31 500 1,999.00
09:31 100 1,900.00
09:31 300 1,900.00
09:31 100 1,900.00
09:31 100 1,900.00
09:31 400 1,899.00
09:31 100 1,999.00
09:31 100 1,100.00
09:32 100 1,600.00
09:32 100 1,600.00
09:32 500 1,600.10
09:32 400 1,600.00
09:32 100 1,600.00
09:33 100 1,600.00
09:33 100 1,500.00

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.

tubal wrote:Well the blood bath that monster and mark have been predicting is here, but it's with WAPO.R instead of WAPO.N

Did you notice it's trading range. 10.30 - 2500
Yes, your eyes are not deceiving you and I did type that correctly. The lowest price for WAPO.R is 10.3 At the time of writing it's trading at 450.00

WAPO.N will follow

Gaja wrote:

tubal wrote:Well the blood bath that monster and mark have been predicting is here, but it's with WAPO.R instead of WAPO.N

Did you notice it's trading range. 10.30 - 2500
Yes, your eyes are not deceiving you and I did type that correctly. The lowest price for WAPO.R is 10.3 At the time of writing it's trading at 450.00

I am waiting to know the buyer, because the seller must be carsons, so is it an internal transfer?

I guess you started your thread and I posted my reply here almost at the same time :-) 22 million rights sold. I guess you are right about carsons being the seller.

WAPO was trading @ about 9000.00 ( I do not know about this valuation)

After diluting by issuing 37 rights per share it should be

9000/37 = 245.00

1 Right is 20 Rupees.


At the moment WAPO and WAPO R are trading as follows:

WAPO = 2100.00

WAPO R = 430.00


9000 / 37 = 2100 ?

430 + 20 = 2100.00 ?

Anything I miss here? Can anyone help me?

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.

Business Basil wrote:

WAPO was trading @ about 9000.00 ( I do not know about this valuation)

After diluting by issuing 37 rights per share it should be

9000/37 = 245.00

1 Right is 20 Rupees.


At the moment WAPO and WAPO R are trading as follows:

WAPO = 2100.00

WAPO R = 430.00


9000 / 37 = 2100 ?

430 + 20 = 2100.00 ?

Anything I miss here? Can anyone help me?

Manipulation and Illiquidity at supreme my friend. This must be taking the Cake. Just read my post on the gain one would have made on this if a person bought 100 shares soon after rights were annouced!!! You will be schocked.

I think SEC has to cancel WAPO trading during last fewdays

hi, what do you think about price of WAPO.R?????
So much price different.

dmjesua wrote:hi, what do you think about price of WAPO.R?????
So much price different.

Manipulation and Illiquidity at supreme my friend. This must be taking the Cake. Just read my post on the gain one would have made on this if a person bought 100 shares soon after rights were annouced!!! You will be schocked.

There can be price band for WAPO.R today.

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....!!!!!!

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.

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.

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. "

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. "