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Sri Lanka Equity Forum » Stock Market Talk » EAST WEST PROPERTIES PLC (EAST.N0000)

EAST WEST PROPERTIES PLC (EAST.N0000)

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181EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 3:16 pm

RajapaksaDON


Stock Trader
If these shares bought by a director they will have to announce. If someone else bought (outside the Company) no need to declare as Anika is no more in the Board. Therefore we have to watch carefully a few more days to understand what is happening?

svkiruba8@gmail.com likes this post

182EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 3:53 pm

Miss-Sangeetha


Moderator
Moderator
Whoever, If the purchase exceeding the certain percentage limit has to declare, here the percentage exceeding more than 20% of EAST'S holding, must declare to SEC.

183EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 4:27 pm

Baba2020


Equity Analytic
Equity Analytic
If more than 10%, should make a mandatory offer for others

184EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 4:40 pm

Baba2020


Equity Analytic
Equity Analytic
Internal transfer. Sorry for those sold today

185EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 4:45 pm

maalinda


Manager - Equity Analytics
Manager - Equity Analytics
Dude it has to be 30% or more to trigger mandatory offer.

186EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 5:04 pm

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
@RajapaksaDON wrote:If these shares bought by a director they will have to announce. If someone else bought (outside the Company) no need to declare as Anika is no more in the Board. Therefore we have to watch carefully a few more days to understand what is happening?
https://cdn.cse.lk/cmt/announcement_portal_prod/Corporate%20Disclosure_6974604108788102.pdf

187EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 5:09 pm

RajapaksaDON


Stock Trader
@Miss-Sangeetha wrote:Whoever, If the purchase exceeding the certain percentage limit has to declare, here the percentage exceeding more than 20% of EAST'S holding, must declare to SEC.
 

As per John Keels stock Brocker Website;

Disclosure requirements

A local or foreign client must inform the Colombo Stock Exchange upon acquiring 10% of a listed entity with the next level of disclosure coming at the threshold of 20%. Furthermore acquisition of 30% of the voting shares of a company by an individual/entity or a group acting in concert triggers a mandatory offer to purchase all outstanding shares in accordance with the take-overs and Mergers Code 1995 – (amended 2003).

188EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 5:12 pm

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics

189EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 5:58 pm

Kaish86


Manager - Equity Analytics
Manager - Equity Analytics
Since mr. Nahil has 30% with 20% acquisition, is there a mandatory offer

190EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 6:14 pm

svkiruba8@gmail.com


Equity Analytic
Equity Analytic
Any one knows how far to move this !!! Bzs I was stuck with this share 13.80 pls advice !!!!

191EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 6:17 pm

Inthikahb M Wazeer


Equity Analytic
Equity Analytic
I look forward it will reach 18-19. Is it too optimistic

192EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 6:33 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Mandatory offer will be Rs. 11

193EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 6:39 pm

Kaish86


Manager - Equity Analytics
Manager - Equity Analytics
Before mandatory offer they should revalue assets, show current fair value of balance sheet. Other wise minority shareholders are losing.
Does the mandatory offer regulations cover this in determining prices or it is just last 12 month highest price.
Thus 11 rs is unacceptable as the transaction not in arms length and also below prevailing market price
8 rs per share dividend paid last year and still have 12 rs per share cash in hand but just 11 rs Mandatory offer

Maru calculation

svkiruba8@gmail.com, ErangaDS, Inthikahb M Wazeer and Baba2020 like this post

194EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 7:01 pm

gosrilanka


Stock Analytic
Stock Analytic
What does it mean? Is current price ok for a trading ? Pls advise Question

195EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 7:26 pm

RajapaksaDON


Stock Trader
@Kaish86 wrote:Before mandatory offer they should revalue assets, show current fair value of balance sheet. Other wise minority shareholders are losing.
Does the mandatory offer regulations cover this in determining prices or it is just last 12 month highest price.
Thus 11 rs is unacceptable as the transaction not in arms length and also below prevailing market price
8 rs per share dividend paid last year and still have 12 rs per share cash in hand but just 11 rs Mandatory offer

Maru calculation

Looks like a trick to acquire all shares owned by the public at a bargain price of Rs.11.00. EPS alone for the nine months up to 31.12.2019  is Rs. 20.63. Leasehold Land has not revalued after 2015. Read the following paragraph of the Financial report (31.12.2019);

"(b) Peoples Media Network (Pvt) Ltd
Site Building    Elkaduwa     640 sqft             2,957,228/‐ 
     Hunnasgiriya
     Gammaduwa   
Karagahatenna    640 sqft             8,382,929/‐ 
Leasehold Property ‐ Company  
Leasehold Land includes leasehold rights to land owned by Urban Development Authoritysituated at 3rdLane, New Nuge Road, Peliyagoda which is on a 99 year lease. Leasehold Land
amortized over their remaining period of lease.The Company recognized Leasehold Property at cost and according to the last valuation doneby Messers. Haleem Ghouse SCV, LIV.B.Com, ATM, PHF, MPVP Corporate & Registered Valuer
as at 31.03.2015, the fair value of the property is Rs.515,677,225/‐"

ErangaDS likes this post

196EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 7:46 pm

Dr_CSE


Manager - Equity Analytics
Manager - Equity Analytics
I don't think this transaction would give rise to a mandatory offer

197EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 7:57 pm

Kaish86


Manager - Equity Analytics
Manager - Equity Analytics
Revalued last 2015. Such a prime area

198EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 11:30 pm

svkiruba8@gmail.com


Equity Analytic
Equity Analytic
current price ok for a trading ?🤷🏼‍�🤷🏼‍� Pls advise

199EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Fri Jul 31, 2020 11:54 pm

ErangaDS

ErangaDS
Equity Analytic
Equity Analytic
@Kaish86 wrote:Before mandatory offer they should revalue assets, show current fair value of balance sheet. Other wise minority shareholders are losing.
Does the mandatory offer regulations cover this in determining prices or it is just last 12 month highest price.
Thus 11 rs is unacceptable as the transaction not in arms length and also below prevailing market price
8 rs per share dividend paid last year and still have 12 rs per share cash in hand but just 11 rs Mandatory offer

Maru calculation


I think they have to offer 14? “Highest price traded within 12 months(not sure , need to check)”

@kaish86 good point, even if the price is 14 , we shouldn’t accept. 
NAV-15.66 
Cash/share - 12+
*Revaluation pending

200EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Sat Aug 01, 2020 12:34 am

Inthikahb M Wazeer


Equity Analytic
Equity Analytic
😯

201EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Sun Aug 02, 2020 11:39 am

svkiruba8@gmail.com


Equity Analytic
Equity Analytic
What’s happening on East !!! Any one knows ...👀

202EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Sun Aug 02, 2020 12:02 pm

kalu351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
svkiruba8@gmail.com wrote:What’s happening on East !!! Any one knows ...👀
Nothing special its all family matters and directors who are family members are selling and Father Mr .Nail Wijesuraiya is collecting those and taking those through his Singapore account and that is why it is showing as a Foreign BUY ..

Some may fool the retailer's  by saying foreign party is buying and dividend is expected 

Both are lies no foreign party is buying 
When Directors bought in huge quantities Dividend can not be declared soon either according to CSE regulations ..

So better to be in a safe side and invest in sound stocks and or some election  stock

Enter & Exit time is critical and buy on cash Low risk

svkiruba8@gmail.com and Miss-Sangeetha like this post

kalu351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Nothing special its all family matters and directors who are family members are selling and Father Mr .Nail Wijesuraiya is collecting those and taking those through his Singapore account and that is why it is showing as a Foreign BUY ..

Some may fool the retailer's  by saying foreign party is buying and dividend is expected 

Both are lies no foreign party is buying 
When Directors bought in huge quantities Dividend can not be declared soon either according to CSE regulations ..

So better to be in a safe side and invest in sound stocks and or some election  stock

Enter & Exit time is critical and buy on cash Low risk

204EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Sun Aug 02, 2020 1:28 pm

Inthikahb M Wazeer


Equity Analytic
Equity Analytic
They say maximum 2/- dividend could expect not more than???

205EAST WEST PROPERTIES PLC (EAST.N0000) - Page 10 Empty Re: EAST WEST PROPERTIES PLC (EAST.N0000) on Sun Aug 02, 2020 4:47 pm

kalu351


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Inthikahb M Wazeer wrote:They say maximum 2/- dividend could expect not more than???
When directors purchased shares they can not declare dividend soon ..that is according to regulations ..check and correct me if am wrong ..
So this Dividend story is a speculation only

Inthikahb M Wazeer likes this post

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