HIKKADUWA BEACH RESORT PLC (CITH.N0000)

Eugine Fernando · **126** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Jul 26, 2017 10:25 am

Eugine Fernando

Senior Manager - Equity Analytics

Posts : 574
Join date : 2016-08-24

Today I spoke to the Group Accountant of Citrus Plc, and asked him about the CITK trading halt, he told me that Kalpitiya beach resort share was suspended Bcoz, after the amalgamation this share will become as CITH direct after the amalgamation proses, but the other two companies (CITW, REEF) which are involved with the amalgamation will come under CITH group. those companies will act independently. and also he told me it will take one more month, so the CITK Trading halt will be lifted end of August. This is for you dsam.

niru · **127** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Jul 26, 2017 11:52 am

niru

Manager - Equity Analytics

Posts : 174
Join date : 2012-03-06

Eugine Fernando wrote:Today I spoke to the Group Accountant of Citrus Plc, and asked him about the CITK trading halt, he told me that Kalpitiya beach resort share was suspended Bcoz, after the amalgamation this share will become as CITH direct after the amalgamation proses, but the other two companies (CITW, REEF) which are involved with the amalgamation will come under CITH group. those companies will act independently. and also he told me it will take one more month, so the CITK Trading halt will be lifted end of August. This is for you dsam.

Then why Citrus Waskaduwa (CITW.N0000) is not suspended yet? Which should also to be converted to Citrus Hikkaduwa (CITH.N0000)

Eugine Fernando · **128** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Jul 26, 2017 12:22 pm

Eugine Fernando

Senior Manager - Equity Analytics

Posts : 574
Join date : 2016-08-24

niru wrote:

Eugine Fernando wrote:Today I spoke to the Group Accountant of Citrus Plc, and asked him about the CITK trading halt, he told me that Kalpitiya beach resort share was suspended Bcoz, after the amalgamation this share will become as CITH direct after the amalgamation proses, but the other two companies (CITW, REEF) which are involved with the amalgamation will come under CITH group. those companies will act independently. and also he told me it will take one more month, so the CITK Trading halt will be lifted end of August. This is for you dsam.

Then why Citrus Waskaduwa (CITW.N0000) is not suspended yet? Which should also to be converted to Citrus Hikkaduwa (CITH.N0000)

I asked this question then What the Accountant told was the CITK will merge with CITH direct., but CITW will function as a independent entity, in that group.

dsam · **129** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Jul 26, 2017 1:38 pm

dsam

Senior Manager - Equity Analytics

Posts : 362
Join date : 2011-05-23

Eugine Fernando wrote:Today I spoke to the Group Accountant of Citrus Plc, and asked him about the CITK trading halt, he told me that Kalpitiya beach resort share was suspended Bcoz, after the amalgamation this share will become as CITH direct after the amalgamation proses, but the other two companies (CITW, REEF) which are involved with the amalgamation will come under CITH group. those companies will act independently. and also he told me it will take one more month, so the CITK Trading halt will be lifted end of August. This is for you dsam.

Thank you sir

Eugine Fernando · **130** CITH AMALGAMATION.... Thu Jan 18, 2018 2:02 pm

Eugine Fernando

Senior Manager - Equity Analytics

Posts : 574
Join date : 2016-08-24

Collect Citrus group Shares, restructure program will be completed on 29th of January, once the announcement comes CITH, CITW AND REEF Shares will move. buy now and wait for the announcement. Very Happy

Miss-Sangeetha · **131** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Thu Jan 18, 2018 6:26 pm

Miss-Sangeetha

Moderator

Posts : 763
Equity Stars : 4126
Reputation : 288
Join date : 2016-06-27
Age : 28

Eugine Fernando wrote:Collect Citrus group Shares, restructure program will be completed on 29th of January, once the announcement comes CITH, CITW AND REEF Shares will move. buy now and wait for the announcement.

Please first of all, you get the advice from Teller or his henchman Hiransilva23

TuTanKaman · **132** CITH, CITH & REEF Thu May 31, 2018 2:36 pm

TuTanKaman

Manager - Equity Analytics

Posts : 115
Equity Stars : 2836
Reputation : 12
Join date : 2017-01-29

Noted following points post restructuring
1. Revaluation of properties of CITH, REEF, CITW, PBR is due in 31 March 2018 which is expected to release in couple of days
2. EGM approves unutilized IPO funds to be used for debt settlement which is more than 50% of CITH debt outstanding. Further sell of CITK property to settle CITH loans will ensure debt is settled around 80%. This will significantly improve eps.
3. Sell of CITK property will reverse a minimum of 17 MN of revaluation reserve to retain earnings.
4. Directors who never had CITH shares now getting shares due to CITK conversion
5 Shares of CLND deferred revaluation of approximately 1bn will come in coming quarters to financials as Associate company
6 IPO prices above Rs 17 in 2012 which is used to settle debts for which now we can buy below 7.
7 RSI oversold region
Minus
1. Not sure the upcoming p&l
2. Still high selling pressure. Don't know false orders to make price low
3 revaluation results not known
4 shares high volatile
I'm collecting. Pls do ur analysis b4 invest. I forecast a reasonable upside

TuTanKaman · **133** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Mon Jun 04, 2018 9:28 am

TuTanKaman

Manager - Equity Analytics

Posts : 115
Equity Stars : 2836
Reputation : 12
Join date : 2017-01-29

Reef net asset 28 to 35 cith net asset 21 to 25 loan to be settled 1st week of June.
Interesting to see how market will react

NZ BOY · **134** HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Oct 23, 2019 11:49 am

NZ BOY

Moderator

Posts : 2891
Equity Stars : 14549
Reputation : 161
Join date : 2013-02-28
Location : wellington

CITH NAVP VALUE 16 GOOD LEVEL TO ENTER

LAST FEW DAYS COLLECTED NICELY

CITIZEN · **135** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Oct 23, 2019 12:19 pm

CITIZEN

Manager - Equity Analytics

Posts : 225
Equity Stars : 2176
Reputation : 9
Join date : 2019-09-06

NZ BOY wrote:CITH NAVP VALUE 16 GOOD LEVEL TO ENTER

LAST FEW DAYS COLLECTED NICELY

This group is connected a political party supporter, that why price up careful

sameboy · **136** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Wed Oct 23, 2019 4:02 pm

sameboy

Manager - Equity Analytics

Posts : 244
Equity Stars : 3524
Reputation : 3
Join date : 2015-05-24

Cith Reef Upwennee

wisdom79 · **137** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Fri Nov 22, 2019 4:20 pm

wisdom79

Vice President - Equity Analytics

Posts : 1360
Equity Stars : 5049
Reputation : 22
Join date : 2015-03-09

Now all are coming true. CITH must reach above 10 to come its normal price. REEF will pass 20.

Now no need to worry, and they have settled all their loans and that is why it is collecting. So be positive.

Between 7 and 8 one billion was bought by some one. So CITH will be above 10 soon.

Good luck!!!!

They sold Kalpitiya and money is in CITH. So there is much value in the sector.

CITH is the best and NAV is 24, REEF is moving above 20 soon

snuwan · **138** ( CITH.N00 )GOING TO HUGE HIGH Fri Jan 17, 2020 12:52 pm

snuwan

Stock Trader

Posts : 9
Equity Stars : 1574
Reputation : 0
Join date : 2020-01-17

........ CITH.N

......... CITH.N

.....CITH.N

......CITH.N

START VOTING ,,,, BIG DIP....

snuwan · **139** Re: HIKKADUWA BEACH RESORT PLC (CITH.N0000) Fri Jan 17, 2020 1:27 pm

snuwan

Stock Trader

Posts : 9
Equity Stars : 1574
Reputation : 0
Join date : 2020-01-17

RIGHT ISSUE OR DEVIANT THIS TIME .....

IF THE COMPANY IS TRYING TO BRING CART TO NEW HIGHER RIGHT ISSUE WILL BE AT 9 OR 10 I'M GUESSING ............

BUT STILL HAVE DOUBTS ABOUT BEFORE FINANCIAL YEAR IT WILL BREAK THE 10 RS ....WHO KNOWS.......?
Basketball