AMANA TAKAFUL - RIGHTS ISSUE

RoomGirl · 1 AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 9:21 pm

RoomGirl

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AMANA TAKAFUL PLC
Company ID: - ATL
Date of Initial Announcement: - 21st.Oct.2014
Proportion: - One (01) new ordinary shares for every two (02) existing ordinary shares held
Issue Price: - Rs. 0.80 /-
Qty Offered: - 500,000,360
General Meeting / Provisional Allotment: - 10.Dec.2014
Date EX: - 11.Dec.2014
Dispatch of Provisional Letter of Allotment: - 17.Dec.2014
Trading Commences on: - 23.Dec.2014
Renunciation: - 31.Dec.2014
Last Date of Acceptance & Payment: - 02.Jan.2015
Share Transfer Book Open

fff4sl · 2 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:02 pm

fff4sl

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Thx.
What is next?

RoomGirl · 3 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:06 pm

RoomGirl

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fff4sl wrote:Thx.
What is next?

Dont have any idea. May be experts will help us. Very Happy

indi009 · 4 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:12 pm

indi009

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I would rather go for JINS rather than going for AMANA.

But then again JINS have already moved alot. I believe it might hit Rs.27/- max

fff4sl · 5 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:15 pm

fff4sl

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Will this go further down???

Market R · 6 Re: AMANA TAKAFUL - RIGHTS ISSUE Sat Nov 15, 2014 11:38 am

Market R

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I not enter in to this as a investment. For short tearm trading its ok but future of this share is not much clear. There are some positive facts but I will wait some time without entering.

ChiefJustice · 7 AMANA TAKAFUL RIGHTS ISSUE - My Take Mon Jan 19, 2015 11:45 am

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Hi

Just looking at this issue, and since I invested a bit in ATL shares at 1.90, I thought I'll base the calculations on this and share with everyone for your comments.

Since they are issuing a one for 2 at 80 cents,

Held, 1 share at 1.9, 2 shares cost 3.8
Third share cost 0.8

Therefore new value of a share for me is, (2*1.9 + .8 ) /3
= 1.53

So after the rights come out, I'll have to sell at higher than 1.6 to break even.

However I don't expect the shares to go above 1.5 once the rights are issued. I expect them to get me only 1.40. Also, a lot of people who bought for .8 may want to sell them for even 1.0. Eg, for 100,000 shares I'll get 50,000 rights. so by selling off the rights for 50,000, you make 10,000 on the spot (not considering the capital price drop of the initial 100,000 which they may want to keep for long term).

OneYear · 8 Re: AMANA TAKAFUL - RIGHTS ISSUE Mon Jan 19, 2015 11:57 am

OneYear

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ChiefJustice wrote:Hi

Just looking at this issue, and since I invested a bit in ATL shares at 1.90, I thought I'll base the calculations on this and share with everyone for your comments.

Since they are issuing a one for 2 at 80 cents,

Held, 1 share at 1.9, 2 shares cost 3.8
Third share cost 0.8

Therefore new value of a share for me is, (2*1.9 + .8 ) /3
= 1.53

So after the rights come out, I'll have to sell at higher than 1.6 to break even.

However I don't expect the shares to go above 1.5 once the rights are issued. I expect them to get me only 1.40. Also, a lot of people who bought for .8 may want to sell them for even 1.0. Eg, for 100,000 shares I'll get 50,000 rights. so by selling off the rights for 50,000, you make 10,000 on the spot (not considering the capital price drop of the initial 100,000 which they may want to keep for long term).

Why people want to sell @ 1/-?? They got shares at .80 after inuring a cost of price reduction after right issue? if they sell at 1/- then they might be at a loss? Unless they got additional shares.

ChiefJustice · 9 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 10:56 am

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OneYear wrote:

ChiefJustice wrote:Hi

Just looking at this issue, and since I invested a bit in ATL shares at 1.90, I thought I'll base the calculations on this and share with everyone for your comments.

Since they are issuing a one for 2 at 80 cents,

Held, 1 share at 1.9, 2 shares cost 3.8
Third share cost 0.8

Therefore new value of a share for me is, (2*1.9 + .8 ) /3
= 1.53

So after the rights come out, I'll have to sell at higher than 1.6 to break even.

However I don't expect the shares to go above 1.5 once the rights are issued. I expect them to get me only 1.40. Also, a lot of people who bought for .8 may want to sell them for even 1.0. Eg, for 100,000 shares I'll get 50,000 rights. so by selling off the rights for 50,000, you make 10,000 on the spot (not considering the capital price drop of the initial 100,000 which they may want to keep for long term).

Why people want to sell @ 1/-?? They got shares at .80 after inuring a cost of price reduction after right issue? if they sell at 1/- then they might be at a loss? Unless they got additional shares.

You are absolutely right. I should have mentioned there are a lot of ppl who bought at 1.8 and when, after the rights issue the price went back to 1.8, they sold all their first shares. So when the rights come out,1.0 is a profit.
The comment about loss in value of existing shares covers the others still holding.

MRKZZ · 10 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 10:59 am

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when this right shares will start trading?

ChiefJustice · 11 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 11:21 am

ChiefJustice

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MRKZZ wrote:when this right shares will start trading?

Not sure. I assume they will have issues distributing the applications for additional shares.

The published info so far:
AMANA TAKAFUL PLC
Company ID: - ATL
Date of Initial Announcement: - 21st.Oct.2014
Proportion: - One (01) new ordinary shares for every two (02) existing ordinary shares held
Issue Price: - Rs. 0.80 /-
Qty Offered: - 500,000,360
General Meeting / Provisional Allotment: - 10.Dec.2014
Date EX: - 11.Dec.2014
Dispatch of Provisional Letter of Allotment: - 17.Dec.2014
Trading Commences on: - 23.Dec.2014
Renunciation: - 31.Dec.2014
Last Date of Acceptance & Payment: - 02.Jan.2015
Share Transfer Book Open

OneYear · 12 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 11:42 am

OneYear

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all ready 12 market days went. as per the rules, should start within 12 days.

ChiefJustice · 13 Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 11:16 am

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MRKZZ wrote:when this right shares will start trading?

They started trading 27/01/2015

fireshelter · 14 Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 11:25 am

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That's Why ATL price coming down

OneYear · 15 Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 3:22 pm

OneYear

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All who got additional shares might have sold today with a good profit.

ChiefJustice · 16 Re: AMANA TAKAFUL - RIGHTS ISSUE Wed Jan 28, 2015 11:55 am

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OneYear wrote:All who got additional shares might have sold today with a good profit.

This is the time to buy, not sell Smile

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AMANA TAKAFUL - RIGHTS ISSUE

1 AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 9:21 pm

RoomGirl

2 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:02 pm

fff4sl

3 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:06 pm

RoomGirl

4 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:12 pm

indi009

5 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Nov 14, 2014 10:15 pm

fff4sl

6 Re: AMANA TAKAFUL - RIGHTS ISSUE Sat Nov 15, 2014 11:38 am

Market R

7 AMANA TAKAFUL RIGHTS ISSUE - My Take Mon Jan 19, 2015 11:45 am

ChiefJustice

8 Re: AMANA TAKAFUL - RIGHTS ISSUE Mon Jan 19, 2015 11:57 am

OneYear

9 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 10:56 am

ChiefJustice

10 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 10:59 am

MRKZZ

11 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 11:21 am

ChiefJustice

12 Re: AMANA TAKAFUL - RIGHTS ISSUE Fri Jan 23, 2015 11:42 am

OneYear

13 Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 11:16 am

ChiefJustice

14 Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 11:25 am

fireshelter

15 Re: AMANA TAKAFUL - RIGHTS ISSUE Tue Jan 27, 2015 3:22 pm

OneYear

16 Re: AMANA TAKAFUL - RIGHTS ISSUE Wed Jan 28, 2015 11:55 am

ChiefJustice

17 Re: AMANA TAKAFUL - RIGHTS ISSUE

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