Citrus Waskaduwa & Citrus Kalpitiya starts trading today!

godswen

godswen

Senior Manager - Equity Analytics

Posts : 469
Equity Stars : 5775
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Join date : 2011-02-02

I think everyone has lost interest on these two IPOs which starts trading today. May be they have forgotten. Very Happy

Two IPOs starts trading on the same day!

CITW and CITK are the tickers. Anyone have an idea on their offer price?

aj

aj

Assistant Vice President - Equity Analytics

Posts : 766
Equity Stars : 5698
Reputation : 45
Join date : 2011-11-25

There was only a very few applications for these IPOs. It didn't close on the first day. But dragged on for the second day probably while companies were looking for people to fill up the IPO.

Also these hotels won't rent a single room for the next 3 years. Because the hotels do not exist. These hotels have to be built first. So their core business profits is zero.

They talk about these shares owning more speculative shares. So probably retail investors may go after these shares like crazy.

wappula

wappula

Manager - Equity Analytics

Posts : 123
Equity Stars : 5163
Reputation : 1
Join date : 2011-04-21
Age : 54
Location : tangalle

[quote="aj"]There was only a very few applications for these IPOs. It didn't close on the first day. But dragged on for the second day probably while companies were looking for people to fill up the IPO.

Also these hotels won't rent a single room for the next 3 years. Because the hotels do not exist. These hotels have to be built first. So their core business profits is zero.

They talk about these shares owning more speculative shares. So probably retail investors may go after these shares like crazy.[/quote

THANK YOU VERY MUCH.

market bull

market bull

Assistant Vice President - Equity Analytics

Posts : 636
Equity Stars : 5571
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Join date : 2011-12-01

yesterday my broker told me that Kalpitiya beach will hill to 30 L. I am planning to buy some shares today by taking risk

suddera

suddera

Manager - Equity Analytics

Posts : 188
Equity Stars : 5181
Reputation : 3
Join date : 2011-07-17

market bull wrote:yesterday my broker told me that Kalpitiya beach will hill to 30 L. I am planning to buy some shares today by taking risk

god bless you !

sapumal

sapumal

Vice President - Equity Analytics

Posts : 1105
Equity Stars : 6792
Reputation : 65
Join date : 2010-07-30

[quote="wappula"]

aj wrote:There was only a very few applications for these IPOs. It didn't close on the first day. But dragged on for the second day probably while companies were looking for people to fill up the IPO.

Also these hotels won't rent a single room for the next 3 years. Because the hotels do not exist. These hotels have to be built first. So their core business profits is zero.

They talk about these shares owning more speculative shares. So probably retail investors may go after these shares like crazy.[/quote

THANK YOU VERY MUCH.

Kal Core business profit is zero but they can have profits
They have CLND 20%
They planing to early sale villas

aj

aj

Assistant Vice President - Equity Analytics

Posts : 766
Equity Stars : 5698
Reputation : 45
Join date : 2011-11-25

Isn't Capital Trust a major shareholder of these hotels? If so what would they recommend? And all the pereras and silvas will dump it on the retail investors.

sapumal

sapumal

Vice President - Equity Analytics

Posts : 1105
Equity Stars : 6792
Reputation : 65
Join date : 2010-07-30

aj wrote:Isn't Capital Trust a major shareholder of these hotels? If so what would they recommend? And all the pereras and silvas will dump it on the retail investors.

Citrus Leisure and VONE are the two major share holders in hotels.But they can't dump share at the moment. They will have to wait one year since the private placement to unlock. Only people who bought from the IPO can dump shares. I don't know whether capital trust have a big stake(from IPO) or not

Capital Trust having 4Mn shares of Kal and 1Mn shares of Was bought from the PP. They will be locked until 17 of Feb

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Citrus Waskaduwa & Citrus Kalpitiya starts trading today!

1 Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Tue Jan 03, 2012 9:07 am

godswen

2 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Tue Jan 03, 2012 9:09 am

aj

3 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Tue Jan 03, 2012 4:37 pm

wappula

4 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Wed Jan 04, 2012 3:04 am

market bull

5 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Wed Jan 04, 2012 9:04 am

suddera

6 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Wed Jan 04, 2012 9:15 am

sapumal

7 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Wed Jan 04, 2012 9:17 am

aj

8 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today! Wed Jan 04, 2012 9:48 am

sapumal

9 Re: Citrus Waskaduwa & Citrus Kalpitiya starts trading today!

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