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Highly Illiquid Stocks Should be go for Sub Division of Shares this Year

+9
Top Trader
Chinwi
EquityChamp
soileconomy
Jana
kumarweerarathne
Pac-man
sisira.wijeweera
Gainer
13 posters

Go down  Message [Page 1 of 1]

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Highly Illiquid Stocks Should be go for Sub Division of Shares.

Only 7 Stocks Under Rules go to Split before end of this year.

SLND , CPRT , KZOO , OFEQ , PARA , SWAD , HARI

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Under This Rules

1. a minimum public holding of 20% of its total Ordinary voting Shares in the hands of a minimum of 750 public
shareholders; or

2. a market capitalization of Rs.500,000,000/- of its public holding in the hands of a minimum number of 500 public
shareholders whilst maintaining a minimum public holding of 10%.
As stipulated in the said Listing Rules the Company is also requaired to have 15% of its total Ordinary voting Shares in the
hands of a minimum number of 500 public shareholders on or before 31st December, 2015 and bring the public holding
to 20% on or before 31st December, 2016.

sisira.wijeweera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Gainer wrote:Highly Illiquid Stocks Should be go for Sub Division of Shares.

Only 7 Stocks Under Rules go to Split before end of this year.

SLND , CPRT , KZOO , OFEQ , PARA , SWAD , HARI
How about PHAR

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

PHAR out of this rules

Pac-man

Pac-man
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

MFL

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Only these 7 stocks in the CSE under this Rules SLND , CPRT , KZOO , OFEQ , PARA , SWAD , HARI

kumarweerarathne

kumarweerarathne
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

What abt AUTO.N?

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Gainer wrote:Highly Illiquid Stocks Should be go for Sub Division of Shares.

Only 7 Stocks Under Rules go to Split before end of this year.

SLND , CPRT , KZOO , OFEQ , PARA , SWAD , HARI

These Stocks possible to Sub Division 1 share split by from 10 to 100 shares

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

CPRT , SLND mostly undervalued stock compare with other illiquid

soileconomy

soileconomy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

So far most of  the companies have opted for delisting rather than sub division.companies which have weak financials find it difficult to delist.some have inherited issues like HARI which family controlled business is being disputed.

EquityChamp

EquityChamp
Moderator
Moderator

How about AMF and Carson group oil palm companies, that is one question.
The other one is what is the guarantee that a sub division will help to comply with the above mentioned rules in Sri Lanka. What is the practical effect of it. Suppose when a company subdivide like 1 for 100 but still relatively low no. of shares. And what about one investor or a group of investors come and grab all or major part of the subdivided shares. Then how the company is going to comply with those rules. I am highly doubtful on all of your sub division predictions. Rather a more practical assumption is that to think these companies will opt to delist and pay a price in the range of NAV. So the best option is to select illiquid stocks who's NAV is above the current market price and to collect. Isn't it the case? Cool

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

EquityChamp wrote:How about AMF and Carson group oil palm companies, that is one question.
The other one is what is the guarantee that a sub division will help to comply with the above mentioned rules in Sri Lanka. What is the practical effect of it. Suppose when a company subdivide like 1 for 100 but still relatively low no. of shares. And what about one investor or a group of investors come and grab all or major part of the subdivided shares. Then how the company is going to comply with those rules. I am highly doubtful on all of your sub division predictions. Rather a more practical assumption is that to think these companies will opt to delist and pay a price in the range of NAV. So the best option is to select illiquid stocks who's NAV is above the current market price and to collect. Isn't it the case? Cool


Absolutely.  
Subdivision is not relevant to any public holding rule.
It may give some life to trading among present public holders.  It is like  පය බරවායට පිටිකරට බෙහෙත් බැන්දා .

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Chinwi wrote:
EquityChamp wrote:How about AMF and Carson group oil palm companies, that is one question.
The other one is what is the guarantee that a sub division will help to comply with the above mentioned rules in Sri Lanka. What is the practical effect of it. Suppose when a company subdivide like 1 for 100 but still relatively low no. of shares. And what about one investor or a group of investors come and grab all or major part of the subdivided shares. Then how the company is going to comply with those rules. I am highly doubtful on all of your sub division predictions. Rather a more practical assumption is that to think these companies will opt to delist and pay a price in the range of NAV. So the best option is to select illiquid stocks who's NAV is above the current market price and to collect. Isn't it the case? Cool


Absolutely.  
Subdivision is not relevant to any public holding rule.
It may give some life to trading among present public holders.  It is like  පය බරවායට පිටිකරට බෙහෙත් බැන්දා .

Gainer is talking about the Split and Sub Division for ages and ages, anybody can google and search about it.

Check the Q/E FS of Good, INDO, SELI and SHAL, What they mentioned about it

glad


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

If there is a sub division the same owners will be having more number of shares, and they will have to sell it to new owners to satisfy the rule. That will bring the price of share down.

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

glad wrote:If there is a sub division the same owners will be having more number of shares, and they will have to sell it to new owners to satisfy the rule. That will bring the price of share down.

it means related party transaction then it is not allow to satisfy the minimum float rule...

did you see guys EQIT one ..50% gain who hold that ,,, like that you can make from Illiquid stock as well

DEFINITELY GO to delist
GOOD INDO SELI SHAL...
GOOD AND INDO Is good from those

possible to go for a de list or split
SLND HARI ..

CPRT need to do some thing because they don't want to de list thats why they issue rights

pjrngroup


Senior Equity Analytic
Senior Equity Analytic

Jana wrote:
glad wrote:If there is a sub division the same owners will be having more number of shares, and they will have to sell it to new owners to satisfy the rule. That will bring the price of share down.

it means related party transaction then it is not allow to satisfy the minimum float rule...

did you see guys EQIT one ..50% gain who hold that ,,, like that you can make from Illiquid stock as well

DEFINITELY GO to delist
GOOD INDO SELI SHAL...
GOOD AND INDO Is good from those

possible to go for a de list or split
SLND HARI ..

CPRT  need to do some thing because they don't want to de list thats why they issue rights

GOOD -eps qtr ended 30 sep 2015 -1.53 rs, NAV-826.5

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Split Announcement coming soon

vic19

vic19
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Clever gainer keep promoting.

I would like to call you as " illiquid Gainer ", as you always talk about illiquid stocks.

Keep steering those topics to hit the headlines.

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Gainer is the winner with illiquid stock

Shan1039


Senior Equity Analytic
Senior Equity Analytic

Me too bought because of u some cprt, auto, kzoo, amf
What do u think of amf and kzoo?

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

vic19 wrote:Clever gainer keep promoting.

I would like to call you as " illiquid Gainer ", as you always talk about illiquid stocks.

.

In any 'dried out situation' he can try K-Y jelly  . Razz

(actually there were such  instances in past : collecting illiquid and find no one to buy your lot )

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