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MAL NON VOTING

+3
factFINDER
Gaja
vithanage71
7 posters

Go down  Message [Page 1 of 1]

1MAL NON VOTING Empty MAL NON VOTING Tue Jun 07, 2011 7:54 pm

vithanage71


Equity Analytic
Equity Analytic

IS THIS WORTH TO BUY AT 9 -10

2MAL NON VOTING Empty Re: MAL NON VOTING Tue Jun 07, 2011 8:01 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics

vithanage71 wrote:IS THIS WORTH TO BUY AT 9 -10

i think voting also in the same range

3MAL NON VOTING Empty Re: MAL NON VOTING Tue Jun 07, 2011 8:12 pm

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics

vithanage71 wrote:IS THIS WORTH TO BUY AT 9 -10

Please note that you can even buy MAL - VOTING also at LKR 9-10 (today MAL.N traded even @9.50)
Usually VOTING Shares trading at a premium (not a norm but may be 25%-30%) than the NON-VOTING shares, as apart from others Voting Share holders entitled to vote at the AGM/EGM. True, when the current management have clear majority, voting rights has less value.

In case of MAL, the nuber of non-voting shares available are much lesser than voting shares.
V - 22.5 millions public holding 32.27%
NV - 2.3 millions public holding 16.67%

However MAL is the most undervalued plantation stock right now trading at PER 4.29 and P/BV 1.20 at todays closing price of LKR 9.50 for MAL.N.

4MAL NON VOTING Empty Re: MAL NON VOTING Tue Jun 07, 2011 10:34 pm

kam2011


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

MAL has earned a good profit. But Not yet declared a dividend. May be people expecting a dividend annoucement. When a dividend is announced MAL N and MAL X both get same. As another member stated above voting power here is not that much worth and investors hold the shares for Dividend and other financial benefits.

5MAL NON VOTING Empty Re: MAL NON VOTING Wed Jun 08, 2011 8:35 am

nalinkene


Equity Analytic
Equity Analytic

It is worth to buy on above price.

6MAL NON VOTING Empty Re: MAL NON VOTING Wed Jun 08, 2011 8:42 am

Fresher


Moderator
Moderator

nalinkene wrote:It is worth to buy on above price.

if you think so you can buy N at similar prices

7MAL NON VOTING Empty Re: MAL NON VOTING Wed Jun 08, 2011 5:29 pm

a_randy

a_randy
Manager - Equity Analytics
Manager - Equity Analytics

Obviously its valuable, as per my calculations MAL.X is undervalued. But people are disinterested to invest in plantation sector. Rolling Eyes
Further it is best for long term purpose..

8MAL NON VOTING Empty Re: MAL NON VOTING Wed Jun 08, 2011 6:09 pm

Fresher


Moderator
Moderator

what I told was, since both are almost trading at similar prices, why did you choose MAL.X ?
can you share your calculations?

9MAL NON VOTING Empty Re: MAL NON VOTING Wed Jun 08, 2011 7:35 pm

factFINDER

factFINDER
Manager - Equity Analytics
Manager - Equity Analytics

npp wrote:what I told was, since both are almost trading at similar prices, why did you choose MAL.X ?
can you share your calculations?

I also in the same openion though I didn't recomended to go for MAL.N

10MAL NON VOTING Empty Re: MAL NON VOTING Fri Jun 10, 2011 3:11 pm

nalinkene


Equity Analytic
Equity Analytic

Finally MAL has announced a right issue.Now what will be the effect.

http://www.cse.lk/static/cse_newsandevents1.htm#announ-3770

vithanage71


Equity Analytic
Equity Analytic

Hi Experts ,

Kindly guide us all the facts of this right issue.
Will MAL will move further or will it be Neutral



nalinkene wrote:Finally MAL has announced a right issue.Now what will be the effect.

http://www.cse.lk/static/cse_newsandevents1.htm#announ-3770

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