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» හිඟයක් වැළැක්වීමට ලේ දන් දෙන්න: ජනතාව වෙත ඉල්ලීමක්
Today at 7:12 pm by Ethical Trader

» බලාගෙනයි, 'ගුවනින් අසූචි'!
Today at 7:10 pm by Ethical Trader

» සිව් හෙලයේ ඉතිහාසය නිවැරදි කිරීම
Today at 11:51 am by Ethical Trader

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» ප්‍රගීත් එක්නැලිගොඩ: "ෆයිල් අතුරුදහන්වීම" ගැන සන්ධ්‍යා හමුදාපතිට කිවූ දේ
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» China offers best chance for SL development: CB
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»  බැඳුම්කර වාර්තාව
Wed Jan 17, 2018 6:58 pm by කිත්සිරි ද සිල්වා

» "මිසයිල් අනතුරු ඇඟවීම වැරදි බොත්තමක් එබීමෙන්"
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» ඉන්දියාවේ ශ්‍රේෂ්ඨාධිකරණ විනිසුරුවෝ අගවිනිසුරුට එරෙහිව ප්‍රවෘත්ති සාකච්ඡාවක
Mon Jan 15, 2018 2:06 pm by Ethical Trader

» එක්කෝටි විසි ලක්ෂයකට අධික ළදරු කිරිපිටි ඇසුරුම් ආපසු කැඳවයි
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» ට්‍රම්ප්ගේ "ජාතිවාදී" භාෂාව ගැන කෝපය පළ වේ
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» විශ්මිත නිර්මාණ එළිදැක්වූ ලෝකයේ විශාලතම තාක්ෂණික ප්‍රදර්ශනය
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» මන්ත්‍රී විමල්ට අධිචෝදනා පත්‍ර භාර දුන්නේ ඇයි?
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» ලෝකයේ රටවල් දෙකක මහා දේශගුණික වෙනස
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» ඉතිහාසයේ පළමු වරට කොටස් වෙළෙඳපොළෙන් ත්‍රිත්ව ශතකයක්
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» RICH N.0000 Richard Pieris and company PLC
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» බැඳුම්කරය: මහින්දගෙන් ප්‍රශ්න කරන්න ජනමාධ්‍ය බයද? - රනිල්
Mon Jan 08, 2018 11:58 am by කිත්සිරි ද සිල්වා

» ලංකාවේ සුපිරිම දුම්රිය ස්ථානය
Sun Jan 07, 2018 5:33 pm by spw19721

» බැඳුම්කර කොල්ලයේ හෙළි වූ හොරු මෙන්න
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» අගමැති නිදොස් යයි කීම "ස්වයංවින්දනයක්ද?"
Sun Jan 07, 2018 10:51 am by Ethical Trader

» නව බදු : සෞදි බලධාරීන්ගෙන් තවත් පියවරක්
Sun Jan 07, 2018 10:48 am by Ethical Trader

» දුප්පත්කමින් එතෙරවීමට ඉනිමං බඳින චීනය
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» "නාන්න අවසර විනාඩි දෙකයි"
Sun Jan 07, 2018 10:39 am by Ethical Trader

» බැඳුම්කර කොමිසමේ නිර්දේශ ක්‍රියාත්මක කරන්න - අගමැතිගෙන් උපදෙස්
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» "Politically Black": බ්‍රිතාන්‍යයේ ජාතිවාදයට එරෙහිව සටන් වැදුණු ශ්‍රී ලාංකිකයා
Sat Jan 06, 2018 12:26 pm by Ethical Trader

» 'ෆයර් ඇන්ඩ් ෆියුරි' බොරුවෙන් පිරිලා - ට්‍රම්ප්
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» රවිට නඩු, රනිල්ට තරවටු, සියලු පාඩු අයකර ගැනීමට පියවර- ජනපති කියයි..
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» බැඳුම්කර කොමිසමේ නිර්දේශ: "අගමැතිතුමා නිර්දෝෂී බව කොමිසම සනාථ කළා"
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» "බරපතල වංචා, දූෂණ" කොමිෂන් වාර්තාවත් ජනපතිට භාර දෙයි
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» දූෂණ පරීක්ෂණවලට තිරිංග දැම්මේ කවුද?
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» Tempolten's 22 Principles for successful Investments.
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» සෞදි අරාබිය සහ එක්සත් අරාබි එමීරය පළමු වරට බදු හඳුන්වා දෙති
Tue Jan 02, 2018 7:14 pm by කිත්සිරි ද සිල්වා

» ඉරානය- මරණ විසි ගණනක්; සිය ගණනක් අත්අඩංගුවේ
Tue Jan 02, 2018 7:12 pm by කිත්සිරි ද සිල්වා

» ස්වර්ණමහල් සහ ඊටීඅයි ෆිනෑන්ස් සමාගම් මහ බැංකුවේ නියාමනයට
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» Ouch !
Mon Jan 01, 2018 6:33 am by spw19721

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Some Interesting Facts on CITK

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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?

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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......
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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.
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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.

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Re: Some Interesting Facts on CITK

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

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"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 ?

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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.

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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.

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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 ?

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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.
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