The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» ලිට්රෝ ගෑස් මිල ඉහළට
Yesterday at 11:00 pm by nihal123

» LIOC.N0000 (Lanka IOC PLC)
Yesterday at 10:19 pm by LSE

» යුනිටි ප්ලාසා හිමිකමෙන් 23% ක් රේණුකා යටතට
Yesterday at 7:39 pm by nihal123

» CB Governor offers key insights
Yesterday at 6:37 pm by malanp

» Sri Lanka Hambantota Port JV to be operational from November
Yesterday at 5:17 pm by Ethical Trader

» Plantation sector updates
Yesterday at 4:49 pm by mymoney

» SAMP.N0000 (SAMPATH BANK PLC)
Yesterday at 4:28 pm by The Invisible

» Plastic-degrading fungus found in Pakistan rubbish dump
Sun Sep 24, 2017 8:54 pm by කිත්සිරි ද සිල්වා

» CSE HOLIDAY LIST 2018
Fri Sep 22, 2017 5:20 pm by Rana

» Dividend Announcement
Fri Sep 22, 2017 5:19 pm by Rana

» SPEN.N0000
Fri Sep 22, 2017 3:01 pm by LSE

» Laughter the Best Medicine
Fri Sep 22, 2017 2:51 pm by Ethical Trader

» ට්‍රම්ප් "මොළය අවුල් වූ මැරයෙක්" - කිම් ජොන්ග් අන්
Fri Sep 22, 2017 2:37 pm by Ethical Trader

» No one must die of cancer
Thu Sep 21, 2017 11:14 pm by කිත්සිරි ද සිල්වා

» ට්‍රම්ප්ගේ දේශනය "සුනඛයෙකුගේ බිරීමක්"
Thu Sep 21, 2017 6:05 pm by Ethical Trader

» ලංකා බැංකුව, මහජන බැංකුව සහ ශ්‍රී ලංකා ඉන්ෂුවරන්ස් කොටස් වෙළෙඳපොළට
Thu Sep 21, 2017 6:01 pm by Ethical Trader

» ලංකා සිමෙන්ති කොටස් ගනුදෙනුවල අසාමාන්‍ය හැසිරීමක් – සභාපති කරුණු පහදයි
Wed Sep 20, 2017 8:06 pm by nihal123

» උතුරු කොරියාව විනාශ කරනවා - ජනාධිපති ඩොනල්ඩ් ට්‍රම්ප්
Wed Sep 20, 2017 12:33 pm by Ethical Trader

» In the Meantime, Within Our Shores !
Wed Sep 20, 2017 8:41 am by කිත්සිරි ද සිල්වා

» Nanodegrees
Tue Sep 19, 2017 11:40 pm by Backstage

» Picture of the day - for diss-cuss-ion and deb-ate.
Tue Sep 19, 2017 10:51 pm by Backstage

» පර්පෙචුවල් පලිසේනට බෝනස් කෝටි 10 ක්
Tue Sep 19, 2017 6:41 am by CK

» Be prepared for dry weather: Experts
Mon Sep 18, 2017 10:27 pm by nihal123

» නමක් පමණක් ඇති සමාගමකට ඩොලර් මිලියන 600 ක් රැස්කර ගත් චමත් පලිහපිටිය
Mon Sep 18, 2017 3:38 pm by nihal123

» කොටස් මිල ඉහල යාම ගැන ලංකෙම් ඩිවලොප්මන්ට්ස් වෙතින් කරුණු විමසයි
Mon Sep 18, 2017 3:35 pm by nihal123

» ධම්මික රුපියල් බිලියන 12.5කට සිංගර් ශ්‍රී ලංකා මිලට ගැනීමට තීන්දු කරයි
Sun Sep 17, 2017 2:05 pm by Danidu

» උතුරු කොරියාව ජපානයට ඉහලින් තවත් මිසයිලයක් විදියි
Fri Sep 15, 2017 5:46 pm by Ethical Trader

» උතුරු කොරියාවෙන් ඇමෙරිකාවට බිහිසුණු තර්ජනයක්
Thu Sep 14, 2017 5:59 pm by Ethical Trader

» කොටස් වෙළෙඳපොළට ප්‍රාග්ධන බදු නැහැ – නව බදු අයකිරීම් 2018 අප්‍රේල් 01 සිට ක්‍රියාත්මකයි
Thu Sep 14, 2017 11:42 am by Ethical Trader

» සන්නිවේදන සමාගමක් මූල්‍ය සමාගමක බලය අල්ලයි
Tue Sep 12, 2017 8:57 pm by nihal123

» උතුරු කොරියාව සම්බන්ධයෙන් රුසියාවේ පිළිවෙත කුමක්ද?
Tue Sep 12, 2017 5:50 pm by Ethical Trader

» ශ්‍රී ලංකාව උතුරු කොරියාවට එරෙහි සම්බාධක 'උල්ලංඝනය කරලා'
Mon Sep 11, 2017 6:55 pm by Yin-Yang

» වෙළෙඳ දැන්වීමක මස් බුදින ගනේෂ දෙවියන්, බුදු හිමියන් සහ යේසුස් වහන්සේ
Mon Sep 11, 2017 5:48 pm by Ethical Trader

» 'සයිබර් බුලින්' විඳ එයට එරෙහි වී සම්මාන ලබන ශ්‍රී ලාංකික තරුණිය
Mon Sep 11, 2017 11:57 am by Ethical Trader

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sun Sep 10, 2017 8:02 am by spw19721

» APLA.N0000 (ACL PLASTICS PLC)
Sun Sep 10, 2017 7:56 am by spw19721

» සිල් රෙදි නඩුව: හිටපු ජනපති ලේකම්, TRCSL සභාපති සිරගෙට
Fri Sep 08, 2017 12:35 pm by Ethical Trader

» PAYE බදු නිදහස් සීමාව ඉහළට
Fri Sep 08, 2017 10:24 am by nihal123

» V 2025 - A Country enriched
Thu Sep 07, 2017 1:53 pm by Danidu

» අනුෂ පැල්පිට - ලලිත් වීරතුංගට වසර තුනක සිරදඬුවම්
Thu Sep 07, 2017 1:22 pm by nihal123

» පොහොසත් රටේ කොටස් වෙළෙඳපොළට 2025 දී වෙන දේ
Thu Sep 07, 2017 10:57 am by Ethical Trader

» ‘දැන් ඉතිං වළක් කපන් වැළලෙන්න තියෙන්නේ‘ - බුකියේ ගිය රස කතා
Thu Sep 07, 2017 10:49 am by nihal123

» ශ්‍රී ලංකාව යළිත් පරාදයි
Thu Sep 07, 2017 10:38 am by Ethical Trader

» ශ්‍රී ලංකා ක්‍රිකට් වලට මොකද වුනේ? - සනත් කතා කරයි
Thu Sep 07, 2017 10:31 am by Ethical Trader

» බැඳුම්කර කොමිසම ඉදිරියේ හෙළි වූ කරුණු මොනවාද?
Thu Sep 07, 2017 10:22 am by Ethical Trader

» සිංගප්පූරුවේ Ube, ටෝක්යෝ සිමෙන්ති හිමිකම අඩකින් අඩුකරයි
Wed Sep 06, 2017 1:31 pm by nihal123

» Donkey Sex
Wed Sep 06, 2017 10:54 am by Backstage

» එළුවන් නළුවන් වෙලා
Wed Sep 06, 2017 10:16 am by Backstage

» "තේරුණේ දැන් තමයි"
Tue Sep 05, 2017 1:58 pm by jiggysaurus

» Whatever happened to the monastic Sangha?
Tue Sep 05, 2017 1:56 pm by jiggysaurus

September 2017
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Some Interesting Facts on CITK

Page 2 of 2 Previous  1, 2

View previous topic View next topic Go down

Re: Some Interesting Facts on CITK

Post by hariesha on Fri Sep 26, 2014 11:20 pm

Ok. Very interesting discussion about Kalpitiya. But that's Egg. Before it came the hen. Or is it the egg came first...or the Hen?

When CITK invested in CLND? What prices?

[You must be registered and logged in to see this image.]

hariesha
Top contributor
Top contributor

Posts : 871
Join date : 2014-04-09

Back to top Go down

Re: Some Interesting Facts on CITK

Post by stocks hunter on Sat Sep 27, 2014 7:08 am

Even now they are INVESTMENT in CLND is at Rs403,386,000/ profit.That is Rs2.50/CITK share. Am i correct here? Their NAV/share stands at Rs8.61. Very Happy Very Happy

hariesha, No its first CLND.Then CITK.After that CLND and now CITK. he he......
avatar
stocks hunter
Top contributor
Top contributor

Posts : 1280
Join date : 2014-03-16

Back to top Go down

Re: Some Interesting Facts on CITK

Post by HAL9000 on Sun Sep 28, 2014 11:16 am

With the above fact, REEF share holders are in a better position than CITK, Now REEF has two functioning hotels with 250 room capacity, and their investment in subsidiary CITK is at a unrelized gain.
Problem with CITK shareholders is that there is no operational business model in visinity that can generate revenue at least for another 2-3 years even though their investment in CLND have given a capital gain.

But things can be changed if CLND stake is sold to some party with at least 50 and if they can use the money to acquire an operational hotel rather than taking years to build one, that would be the best thing to happen for CITK shareholders.For this to happen DJ should buy this CLND stake for him self for a higher price, or sell this for another party at a higher price, but both options are unlikely to happen.

The other option is since REEF holds 70 % of CITK, they can sell down further 20 % to another party and buy back CLND shares owned by CITK.
avatar
HAL9000
Top contributor
Top contributor

Posts : 1402
Join date : 2014-08-11
Location : Colombo

Back to top Go down

Re: Some Interesting Facts on CITK

Post by Nuinth on Sun Sep 28, 2014 1:14 pm

Nice to see different scenarios from members. As small said this is good for REEF management too, get a idea of people's attitude about the company.

Any way, with the booming of tourism, CLND projects, powerful people involve with company...etc what can we expect ? As SH mentioned several time, REEF is a future company. They will show their real strength in future.

Good luck.

Nuinth
Top contributor
Top contributor

Posts : 548
Join date : 2014-02-28
Location : Universe

Back to top Go down

Re: Some Interesting Facts on CITK

Post by hariesha on Sun Sep 28, 2014 9:05 pm

[You must be registered and logged in to see this image.]

"Alternatively the company will decide at an appropriate future time to divest part or in full the investment in Colombo Land and Development Co. PLC."

Is the appropriate time is gradually reaching ?

hariesha
Top contributor
Top contributor

Posts : 871
Join date : 2014-04-09

Back to top Go down

Re: Some Interesting Facts on CITK

Post by The Alchemist on Sun Sep 28, 2014 9:54 pm

hariesha wrote:[You must be registered and logged in to see this image.]

"Alternatively the company will decide at an appropriate future time to divest part or in full the investment in Colombo Land and Development Co. PLC."

Is the appropriate time is gradually reaching ?

Hariesha, to be brutally honest, CITK has been a disaster for both the initial investors (90 %) + IPO investors (10 %).

For the initial investors who were "Privately Placed" at Rs 10/-, 3 years opportunity cost in FD is approx Rs 4, so there cost is around Rs 14. They have no option now than to buy some more around Rs 6 and average and hope the CLND magic works. 

For the 10 % who subscribed to the IPO (@ 17.50) and held ?, they could have bought CLND with the Rs 17.50 instead and now have approx Rs 36 worth of CLND (instead of sitting with Rs 6 worth of CITK). For them, unless CLND goes to approx Rs 140, it could be still a opportunity loss.       

Due to current situ, i think it is highly unlikely that any major moves will be made by UDA re pettah land, CITK property etc. all that may have to wait post elections ? 
maybe its just not a good time to visit these "sensitive" issues especially with the connected parties concerned.

But yes, CITK < 6, has a NAV of Rs 12 based on current CLND Prices. and for all the hype about CLND, when has it ever made any real money ? it made 34 cts for 2013 dec after revaluing there property. all their big future plans will take money and time to materialise.

The Alchemist
Top contributor
Top contributor

Posts : 532
Join date : 2014-02-25

Back to top Go down

Re: Some Interesting Facts on CITK

Post by sapumal on Thu Oct 02, 2014 6:05 pm

Can anyone guess why Capital trust and DJ sold GSF shares @once ?
Capital trust could sell them @higher price.
My guess is DJ indirectly using capital trust to keep his shares. So he can buy and sell unnoticed.
If DJ is the actual second largest share holder of CITK it would be good for CITK.

sapumal

Posts : 272
Join date : 2014-09-10

Back to top Go down

Re: Some Interesting Facts on CITK

Post by sapumal on Sat Oct 11, 2014 5:00 pm

This land is in the Akkarai pattu. Is anyone know where it is ?

sapumal

Posts : 272
Join date : 2014-09-10

Back to top Go down

Re: Some Interesting Facts on CITK

Post by stocks hunter on Mon Oct 20, 2014 7:26 pm

Good opportunities are creating here. Price is getting attractive now.
avatar
stocks hunter
Top contributor
Top contributor

Posts : 1280
Join date : 2014-03-16

Back to top Go down

Page 2 of 2 Previous  1, 2

View previous topic View next topic Back to top


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