Today SFS, AAF,SCAP and CIFL etc

[$$$]

You guys are doing a tremendous job keep it up!!!

I know CIFL is a crap share . Can someone enlighten me about the others please? SFS too seems dodgy are AAF and SCAP the better buys at these levels. Expect some good feedback.

Thanks you.

[chinwiTop contributor]

Just about AAF.

They are going to issue rights 1 for 2 @ 1.60 each.

They say a foreign party is going to subscribe for entire amount.
Cannot predict the future at this juncture.

AAF was trading bet 1.80-1.90 and after this announcement it came down to 1.60 - 1.70 levels.

[$$$]

Appreciate your time Chinwi. Yes I noticed it traded between 1.60 and 1.80 today and sometime back traded 1.80 and 1.90 levels. 52 week high is 2.80 ? if they subscribe for entire amount , It will be really interesting to see at what price current owners will decide to sell out or at what price the Foreign fellows will agree to buy at. Ideally shouldn't this consolidation deal be done at a higher valuation?

[$$$]

I want to enter SCAp and AAF . I think these two are the best not touching SSF and CIFL. any comments/sugestions by the seniors ??

[$$$]

I purchased AAF. Do you think I made the right decision? I bought at 1.80 and it fell to 1.70.

[smallvilleTop contributor]

CIFL is speculative so as AAF for some extent.. Financially I dont like where both stands but AAF might go down after rights are converted as it dilutes the share price to around 1.20 (not a calc figure).

So be aware what u buy..

[$$$]

thank you swille. If the price is 1.20 then if the Indian party buys as reported by media for 2++. How will this reflect the share price? It might be speculation as you state. But Ceylon Today reported that the deal is at Rs.2. What do you think swille? maybe report is inaccurate.

[smallvilleTop contributor]

Im not too sure on that deal mate. I didnt buy this at all recently. But after hearing the rights issue I thot not to buy this at all.
If there's a deal as such this can easily travel to 1.9-2.1 but who knows? After rights, these are sure to fall. Unless someone uses his rights or trade them, its gonna be a fiasco to follow.

I think the same for BIL as they announce rights @ 1.25 as well. If it stays above 1.50 by XR date, the new price is going to be ard 0.70-0.80 cuz of 1:1 rights..

[$$$]

Thank you

[$$$]

AAF gradual Buying pressure increasing at 1.70.last trading days collection at 1.70. If it breaks, 1.80 I think there might be a quick up swing by around 30 cents. what do you guys think ?