SCAP - Right Issue

Gaja · 1 SCAP - Right Issue Tue Feb 14, 2012 6:19 pm

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http://www.cse.lk/cmt/upload_cse_announcements/9281329219338_.pdf

kasper · 2 Re: SCAP - Right Issue Sun Feb 19, 2012 12:06 pm

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OMG... Mr.Ashok ask for another 500million Rupees from the public. I feel SCAP will come further down b4 the right issue. IIt hit Rs.75 in the first day it was introduced. Oh.. poor retailers... Crying or Very sad

FYI:The percentage of shares held by the public as at September 30, 2011 is 26.31%

snandasiri · 3 Re: SCAP - Right Issue Tue Feb 21, 2012 6:04 pm

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Kasper, Today scap went to 24.normally traded @ 20 range.You mean it will down to 75 cents? Is 24 the highest before right issue? Experts pls comment.

kasper · 4 Re: SCAP - Right Issue Tue Feb 21, 2012 7:12 pm

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snandasiri wrote:Kasper, Today scap went to 24.normally traded @ 20 range.You mean it will down to 75 cents? Is 24 the highest before right issue? Experts pls comment.

Softlogic Capital introduced in to the market on 21 Sep 2011. On that day It was traded as high as Rs.75. Before 13th Feb. it was traded above 24 level & price came down thereafter [mainly becouse of the rights issue]. Today SCAP made an announcement regarding willingness to buy Arrenga Capital for 200 million rupees and I think that triggered today's movement.

sisira.wijeweera · 5 Re: SCAP - Right Issue Tue Feb 21, 2012 9:54 pm

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How about tomorrow price up or down!

snandasiri · 6 Re: SCAP - Right Issue Tue Feb 21, 2012 10:44 pm

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scap issue 10 new shares (Rs.7 per share) for one share held. Friday it was @ 16.50.Today @ 20.So I feel it is attractive.(16.50-7=9.50). but I haven't seen this type of situations before (10:1). What will the share price after the right issue. Will it down to 7 or deeper? What will the price of the rights when trading? What is the best option buy shares now and get rights or buy rights when trading rights?

snandasiri · 7 Re: SCAP - Right Issue Tue Feb 21, 2012 11:02 pm

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kasper wrote:

snandasiri wrote:Kasper, Today scap went to 24.normally traded @ 20 range.You mean it will down to 75 cents? Is 24 the highest before right issue? Experts pls comment.

Softlogic Capital introduced in to the market on 21 Sep 2011. On that day It was traded as high as Rs.75. Before 13th Feb. it was traded above 24 level & price came down thereafter [mainly becouse of the rights issue]. Today SCAP made an announcement regarding willingness to buy Arrenga Capital for 200 million rupees and I think that triggered today's movement.

Not only scap but also many other shares reported their 52 week's low on 14th or 15th February with down trend.scap reported its 52 weeks low(16) on 15th February.Didn't it happen because of market down trend?If it happen because of right issue, what will the XR price?

sriranga · 8 09-Mar-2012 RIGHTS ISSUE OF SHARES - SCAP Fri Mar 09, 2012 8:13 pm

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SOFTLOGIC CAPITAL LIMITED
Company ID: - SCAP
Date of Initial Announcement: - 14.Feb.2012
Proportion: - Ten (10) new ordinary shares for every One (01) Ordinary Share held
Issue Price: - Rs. 7.00/-
Qty Offered: - 272,000,000
EGM/Provisional Allotment: - 02.Apr.2012
XR: - 03.Apr.2012
Dispatch of Provisional Letter of Allotment: - 10.Apr.2012
Rights Trading Commences on: - 18.Apr.2012
Renunciation: - 25.Apr.2012
Last Date of Acceptance & Payment: - 26.Apr.2012