REEF W saga

jonta999 · 1 REEF W saga Thu Feb 13, 2014 12:43 pm

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Here we go...

Buyers at 0.9

smallville · 2 Re: REEF W saga Thu Feb 13, 2014 12:53 pm

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Isn't it good?
Look at GLAS when it is in troubled waters Basketball

jonta999 · 3 Re: REEF W saga Thu Feb 13, 2014 12:57 pm

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Yes

But isn't this counter in the oversold region?

smallville · 4 Re: REEF W saga Thu Feb 13, 2014 1:04 pm

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jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.

Leon · 5 Re: REEF W saga Thu Feb 13, 2014 1:45 pm

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smallville wrote:

jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.

@small. I remember you were waiting till it reach 1.00. Any idea to buy this @ 1.00??

smallville · 6 Re: REEF W saga Thu Feb 13, 2014 2:40 pm

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Leon wrote:

smallville wrote:

jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.

@small. I remember you were waiting till it reach 1.00. Any idea to buy this @ 1.00??

The problem is unwanted panic in the market. So cannot be certain whether buyin at 1 will make sense. So I thot to observe a lil bit. If buying coms at 1.10, big volumes, this could be a 30% play.

Slstock · 7 Re: REEF W saga Thu Feb 13, 2014 2:49 pm

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I made a small speculative gamble today at Rs 1.

If reef result for dec is atleast marginally good, this can give 20% -30% gain.

Also CLND play is there as speculation.

If not maybe 10% loss.

Jana1 · 8 Re: REEF W saga Thu Feb 13, 2014 3:13 pm

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smallville wrote:

jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.

Be patient small. It has a potential to come down to 0.6 level..

jonta999 · 9 Re: REEF W saga Thu Feb 13, 2014 4:05 pm

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Can REEF.N reach 40/= in another 15 months time?

Honestly i don't believe

Slstock · 10 Re: REEF W saga Thu Feb 13, 2014 4:23 pm

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If I remember right somehow they push to Rs 40 last time in 2012 to get some warrants converted.
Then they did some mart jill to add more shares.

Am not saying it will happen again, but with NAV of 29 , some games by the known pushers in the company and maybe a bull market by then who knows.

So far it all talk , plans and speculations with this shares. No real earnings.

jonta999 wrote:Can REEF.N reach 40/= in another 15 months time?

Honestly i don't believe

hariesha · 11 Re: REEF W saga Thu Feb 13, 2014 11:38 pm

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slstock wrote:If I remember right somehow they push to Rs 40 last time in 2012 to get some warrants converted.
Then they did some mart jill to add more shares.

Am not saying it will happen again, but with NAV of 29 , some games by the known pushers in the company and maybe a bull market by then who knows.

So far it all talk , plans and speculations with this shares. No real earnings.

jonta999 wrote:Can REEF.N reach 40/= in another 15 months time?

Honestly i don't believe

And it's and ill liquid counter. So moving it to 40/- or more in a bull market is not a big issue. In the past it have such behaviors. Should not forget CITW will open for bookings in next few months.

I belive there's some other reason also for it to move ahead to 30s.

Leon · 12 Re: REEF W saga Sat Feb 15, 2014 7:57 am

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Jana1 wrote:

smallville wrote:

jonta999 wrote:Yes

But isn't this counter in the oversold region?

I've not checked lately, it should be... Should not go down than 0.90.

Be patient small. It has a potential to come down to 0.6 level..

How do you expect .60? Is is just a thought??

smallville · 13 Re: REEF W saga Sat Feb 15, 2014 8:09 am

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See there's no real earnings come in to play that ppl want to go ahead with ths..
We had hope that by 2015 REEF would pass at least 100 with the new 2 hotels added, 1 hotel - CITW is on the track to add revenue but on the other one, we have got no clue at all. The ideas, projections, enthusiasm was great at the right issue stage but where has it gone now?

Imo, for REEF.W to shine, REEF.N has to be dragged up to at least 20 from now on.. Then by the end of the year it has to stay above 50 for the conversion to happen.

hariesha · 14 Re: REEF W saga Mon Feb 17, 2014 10:54 pm

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What do you think about the conversion. I think it's a pretty easy conversion. REEF.N is highly ill -liquid. So moving it is easy than TFC.

I think some guys are in the process of grabbing quantities in margin accounts and desperate investors.

As there is considerable risk, it's not advisable to buy huge quantities. But an affordable risk will certainly reward.

sapumal · 15 Re: REEF W saga Mon Feb 17, 2014 11:54 pm

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ring meant to serve all since it's right issue. But Ring had only one master and it served only that master. Master used the money to sell his CLND shares with 100% gain in 2 weeks, also to run his finance company. Rest neither saw the hotel nor money.

smallville · 16 Re: REEF W saga Tue Feb 18, 2014 9:00 am

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hariesha wrote:What do you think about the conversion. I think it's a pretty easy conversion. REEF.N is highly ill -liquid. So moving it is easy than TFC.

I think some guys are in the process of grabbing quantities in margin accounts and desperate investors.

As there is considerable risk, it's not advisable to buy huge quantities. But an affordable risk will certainly reward.

Neither REEF.N nor REEF.W19 are illiquid.
On REEF. N, top guys hold nearly 62.86% and public has 22.8% or 22 Mil shares.
On REEF.W19, top 20 holds 61%, public has 20.8 Mil or 39% of shares.

Top 10 REEF.N holders are as follows,

1 PAN ASIA BANKING CORPORATION PLC /DIVASA EQUITY (PVT) LIMITED - 34,332,570 (35.52%)
2 SEYLAN BANK PLC / GEORGE STEUART ENGINEERING (PVT) LTD - 8,389,400 (8.68%)
3 PAN ASIA BANKING CORPORATION PLC /MR.A S R SILVA - 6,902,553 (7.14%)
4 VALLIBEL ONE PLC - 5,615,356 (5.81%)
5 ROYAL CERAMICS LANKA PLC - 2,768,276 (2.86%)
6 SEYLAN BANK PLC / CAPITAL TRUST HOLDINGS (PVT) LTD - 2,725,907 (2.82%)
7 COMMERCIAL BANK OF CEYLON PLC / CAPITAL TRUST HOLDINGS (PVT) LTD - 2,059,604 (2.13%)
8 CORONA T STORES (PRIVATE) LIMITED - 1,585,331 (1.64%)
9 LAUGFS GAS LIMITED - 1,500,000 (1.55%)
10 GEORGE STEUART & CO LTD - 1,305,000 (1.35%)

Top 10 warrant holders (W0019) of REEF are as follows,

1 PAN ASIA BANKING CORPORATION PLC /DIVASA EQUITY (PVT) LIMITED - 18,364,740 (29.19%)
2 PAN ASIA BANKING CORPORATION PLC/ MR A S R SILVA - 3,800,000 (6.04%)
3 SEYLAN BANK PLC/ THARANA GANGUL THORADENIYA - 3,575,718 (5.68%)
4 CORONA T STORES LTD - 1,316,708 (2.09%)
5 MR W P A S PERERA - 1,253,509 (1.99%)
6 MISS W P N Y PERERA - 1,248,285 (1.98%)
7 SEYLAN BANK PLC/ JAYANTHA DEWAGE - 1,022,484 (1.63%)
8 SEYLAN BANK PLC / GEORGE STEUART ENGINEERING (PVT) LTD - 1,000,000 (1.59%)
9 SEYLAN BANK PLC / W D N H PERERA - 926,885 (1.47%)
10 PAN ASIA BANKING CORPORATION PLC/ MR RAVINDRA ERLE RAMBUKWELLA - 750,000 (1.19%)

However, if you look at it, they may also control the small accounts and it can be their game too..
I agree on the other two points of yours.. May be margin holders buy share at 0.90. But its risky buyin big quantities..