@Invest-Wise wrote:@monash wrote:@Invest-Wise wrote:Monash I sincerely hope so.....i am long waiting for this....
I think CITW will run to 10 and settle for a bit. My worry is CITK!!!
Don't worry about CITK .. I feel its trading at bottom by looking at the quantities traded between 5.80-6.10 past two weeks, hard to believe it will go down again. CITK will be adjusted and will get close to CITW.
If we compare IPO price CITK is Rs.17.50 which is 4 rupees higher than CITW.
But CITW's NAVPS is 10.25 CiTK's NAVPS is close to Rs.9 . I think both CITK and CITW will be adjusted close to their NAVPS.
If REEF start to run tommorow these two will fly with momentum..
Well the only hope for CITK is that it gets adjusted with the market trend. I simply cant understand where this selling is coming at 5.90-6 levels. So much shares. Over 93% held by the top 20. But last few months so many million shares were traded at 5.50-6 levels. Even today 10 cents down and 850,000 odd traded! Seriously this baffles me. They should start he construction of the hotel soon I hope. Wain and see I guess!!!
First they have to find the money. Then they can think about constructing the hotel.
Only way they can survive is right issue with warrants. But it is 100% impossible due to the financial situation of the top share holders.