FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Latest Financial Status and Future Outlook of SMB Finance PLC
by ChatGPT Yesterday at 11:15 pm

» Latest Financial Status and Future Outlook of Overseas Realty PLC
by ChatGPT Yesterday at 11:00 pm

» Latest Financial Status and Future Outlook of Merchant Bank of Sri Lanka & Finance PLC
by ChatGPT Yesterday at 10:55 pm

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Yesterday at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Yesterday at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Help with CSF

3 posters

Go down  Message [Page 1 of 1]

1Help with CSF Empty Help with CSF Tue Mar 22, 2011 3:23 pm

Googly8484


Stock Trader

CSF (nation Lanka Fin) has sent a mail stating that they are offering rights at 1:3 ratio at the price of Rs 5 each.
The closing date for applications is 30th March.
1) But how come the CSF.R started trading today?
2) Since the share is trading ard 4.30 levels today, why should any one subscribe to the issue at Rs. 5.
Am I missing something ???
Can some one help me out to clarify the issue please.

2Help with CSF Empty Re: Help with CSF Tue Mar 22, 2011 3:32 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Googly8484 wrote:CSF (nation Lanka Fin) has sent a mail stating that they are offering rights at 1:3 ratio at the price of Rs 5 each.
The closing date for applications is 30th March.
1) But how come the CSF.R started trading today?
2) Since the share is trading ard 4.30 levels today, why should any one subscribe to the issue at Rs. 5.
Am I missing something ???
Can some one help me out to clarify the issue please.


The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies.

3Help with CSF Empty Re: Help with CSF Tue Mar 22, 2011 3:47 pm

Googly8484


Stock Trader

oh...thanks slstock. It clarifies my issue. Very Happy

bhagi


Stock Analytic
Stock Analytic

"The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies."


----------

if im eligble to 150 rights ,then do i have to pay 5 rs*150 to get them deposited in the cds?.....in the right acceptance application form they say its 5 rs per right....so if they hv given me 150 rights then do i have to pay 750 rs get them in my portfolio.....

but i also bought few rights today for around 4 rs....

now what do you guys think i hv to do...?.....applying for the rights through application form is still worth ?where now i can buy the rights for even less price?..please someone enlighten me...thanks..Smile

when will be the rights trading will end?

5Help with CSF Empty Re: Help with CSF Tue Mar 22, 2011 5:03 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

bhagi wrote:"The right issue is "Three (03) new ordinary shares for every two (02) shares held"
Issue Price:- Rs.5/- .

1) If you want to convert each right you have to a full share, you need to pay Rs 5 on or before payment date.
2) If one buys right from the stock market , they need to pay extra Rs 5 to convert to full sahre. So if one buy a right at Rs 4.3 then his total cost will be Rs4.3+5 = 9.3 to convert to full share.

3) Note that one can sell their rights on the stock market also before the renouciation date. This is what si happenign now

Hope this clarifies."


----------

if im eligble to 150 rights ,then do i have to pay 5 rs*150 to get them deposited in the cds?.....in the right acceptance application form they say its 5 rs per right....so if they hv given me 150 rights then do i have to pay 750 rs get them in my portfolio.....

but i also bought few rights today for around 4 rs....

now what do you guys think i hv to do...?.....applying for the rights through application form is still worth ?where now i can buy the rights for even less price?..please someone enlighten me...thanks..Smile

when will be the rights trading will end?


If already own rights and the company sent you the docs yes you need to Pay RS 5 to convert to full share. ( Ie if you own 150 rights you need to pay Rs 750 to convert to full share). If you buy from market like I said you need to stil lpay extra Rs 5 to convert to full share.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum