Alinana Stop with 480 Million

Gaja · 1 Alinana Stop with 480 Million Thu Jun 13, 2013 6:24 pm

Gaja

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http://www.cse.lk/cmt/upload_cse_announcements/8951371126776_.pdf

suddera · 2 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 6:50 pm

suddera

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most lukewarm IPO I guess ?

The Alchemist · 3 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 6:51 pm

The Alchemist

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I am confused regarding this. Were they undecided about the amount they required, was the response poor and the second tranche not subscribed or was the option just a ruse to draw in more investors so that at least, the first tranche was fully subscribed ?

seek · 4 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 7:00 pm

seek

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It is like 'awoth awa, giyoth giya' type fund raising.

raptor · 5 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 8:13 pm

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So it opened on June 12th, they never said how much the orderbook was on the first day. My hunch is it bombed, they got money in from people they had already lined up and decided not to go for the second tranche. Realistically, who is going to invest in a company that is based on future plans and a newly revalued land bank? You have to go to private investors, the public equity market is for mature companies. This is essentially a start up.

KDDND · 6 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 9:33 pm

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I believe this IPO is not successful as they expected........
so b4 it failed...to reach 960 million....
they stopped at 480million.....
otherwise what are the reason to stop...???

option: do they want to go for another 40million shares issue @30/- in few years?????

option: they expected to invest by them self and later decided to not to invest so reduced and stop.... IPO...

option: or what????

Gainer · 7 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 9:40 pm

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good news for CSF.N bull very near............ cheers

Jiggysaurus · 8 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 9:46 pm

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Gainer wrote:good news for CSF.N bull very near............

split coming or split going?

is asanga selling CSF also a good news for your CSF bull?

Gainer · 9 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 10:00 pm

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CSF Directors playing the game Ramanan and Asanga bull is very near.

anges · 10 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 1:51 am

anges

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so much for the 960million ! lol ! i will buy this share at rs 2/= in the secondary market

Redbulls · 11 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 5:09 am

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Gainer wrote:CSF Directors playing the game Ramanan and Asanga bull is very near.

Oh really?

chami123 · 12 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 7:58 am

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they ll go for next 40 Mn also.its a mistake from registrars to issue

gamaya · 13 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 10:09 am

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chami123 wrote:they ll go for next 40 Mn also.its a mistake from registrars to issue

Ha, Ha, Announcement says its directors decision.

This is a director board who can't make up their minds, or more likely, would play with with minority investors.

Rapaport · 14 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 11:27 am

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All their forecasted profits will go haywire and we'll hear various excuses..

Only time will tell

Cheers

enthush · 15 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 1:02 pm

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Joke of the day. First they came up with the “option to increase the issue “. I haven’t heard of it before except for debentures and I do not understand how it came for equity. What are the implications of such an option? Is it for them to play around with the issue closure? Get away with the risk of being undersubscribed? (so that they can always claim full subscription when apparently its undersubscribed?) How does underwriting affect such an issue?

And the biggest joke is what kind of Board does this company have to change their mind to reopen the issue after closure? If its fully subscribed as it says, how come the issue is still allowed to be open? What’s CSE/SEC doing publishing these ridiculous announcements letting the company claim the issue is fully subscribed and yet allowing them keep it open ? is this “option” some kind of joke? Apparently they have a very sympathetic Board who feel greatly for those who lost the golden opportunity to invest in a hoax?

Burpy · 16 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 1:25 pm

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Does anyone have any knowledge if the pasikudah hotel is operating ? and if so what is the current level of operations ? I must say that the hotel look nice in pictures.

gamaya · 17 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 2:55 pm

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Sympathetic board and more sympathetic SEC

Gaja · 18 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 5:04 pm

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Gainer wrote:good news for CSF.N bull very near............

Is it mean now bad news for CSF.N since they decided to go to the balance as well?

chami123 · 19 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 5:04 pm

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first of all the first announcement saying the issue closed is mis communication between registrar and board.there is amend statement publish in CSE web site.

and still investors and funds were sending application.so issue is open still. probably Monday or Tuesday they close it,

chami123

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Burpy wrote:Does anyone have any knowledge if the pasikudah hotel is operating ? and if so what is the current level of operations ? I must say that the hotel look nice in pictures.

chami123

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enthush wrote:Joke of the day. First they came up with the “option to increase the issue “. I haven’t heard of it before except for debentures and I do not understand how it came for equity. What are the implications of such an option? Is it for them to play around with the issue closure? Get away with the risk of being undersubscribed? (so that they can always claim full subscription when apparently its undersubscribed?) How does underwriting affect such an issue?

And the biggest joke is what kind of Board does this company have to change their mind to reopen the issue after closure? If its fully subscribed as it says, how come the issue is still allowed to be open? What’s CSE/SEC doing publishing these ridiculous announcements letting the company claim the issue is fully subscribed and yet allowing them keep it open ? is this “option” some kind of joke? Apparently they have a very sympathetic Board who feel greatly for those who lost the golden opportunity to invest in a hoax?

anges · 22 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 8:08 pm

anges

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they were in a hurry to grab the money ! wonder why ??????????????????????

econ · 23 Re: Alinana Stop with 480 Million Sat Jun 15, 2013 6:35 am

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Alinana or Anilana... Very Happy

anyway who subscribe this IPO?
some one might have used bank guarantee

Gaja · 24 Re: Alinana Stop with 480 Million Mon Jun 24, 2013 3:43 pm

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http://www.cse.lk/cmt/upload_cse_announcements/9711372065292_.pdf

Can anyone explain this!

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Alinana Stop with 480 Million

1 Alinana Stop with 480 Million Thu Jun 13, 2013 6:24 pm

Gaja

2 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 6:50 pm

suddera

3 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 6:51 pm

The Alchemist

4 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 7:00 pm

seek

5 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 8:13 pm

raptor

6 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 9:33 pm

KDDND

7 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 9:40 pm

Gainer

8 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 9:46 pm

Jiggysaurus

9 Re: Alinana Stop with 480 Million Thu Jun 13, 2013 10:00 pm

Gainer

10 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 1:51 am

anges

11 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 5:09 am

Redbulls

12 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 7:58 am

chami123

13 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 10:09 am

gamaya

14 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 11:27 am

Rapaport

15 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 1:02 pm

enthush

16 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 1:25 pm

Burpy

17 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 2:55 pm

gamaya

18 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 5:04 pm

Gaja

19 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 5:04 pm

chami123

20 its fully operational.the nilaweli one will open in octomber Fri Jun 14, 2013 5:08 pm

chami123

21 you may have not heard that option.but its there.like debentures.there are cuple of ways that company goes for IPO this is one way.and it was not under subscribe its fully subscribe.the first 40 mn shares. Fri Jun 14, 2013 5:12 pm

chami123

22 Re: Alinana Stop with 480 Million Fri Jun 14, 2013 8:08 pm

anges

23 Re: Alinana Stop with 480 Million Sat Jun 15, 2013 6:35 am

econ

24 Re: Alinana Stop with 480 Million Mon Jun 24, 2013 3:43 pm

Gaja

25 Re: Alinana Stop with 480 Million

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