![United Motors - Sub-Division Uml10](https://i.servimg.com/u/f39/17/31/86/64/uml10.png)
http://www.cse.lk/cmt/upload_cse_announcements/8991404271594_.pdf
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Yes if you buy on or prior to X date (which has not been announced yet and they cannot give a date with restrospective effect) you will be elligible for sub-division.Leon wrote:@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Ethical Trader wrote:Yes if you buy on or prior to X date (which has not been announced yet and they cannot give a date with restrospective effect) you will be elligible for sub-division.Leon wrote:@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Leon wrote:Ethical Trader wrote:Yes if you buy on or prior to X date (which has not been announced yet and they cannot give a date with restrospective effect) you will be elligible for sub-division.Leon wrote:@Redbull, They have not announced the dates yet?? Have they? Does it mean if I enter today to UML I will be eligible for the subdivision?? And also is this a good time to enter??
Tnx ET. I just had a look at their history and last time it was in 2010(If my memory correct) they have done the sub-division. And also I was bit skeptical whether they go for a right issue as well.
What is their object in their doing this???
Redbulls wrote:The reason was given last time on share split "to improve the liquidity of the share in the stock market". I think the same this time also. Plus I don't think they'll go for a right issue in near future.
Redbulls wrote:Last time on the day of split announced that is on 13/10/2010, closing trading price was 220.70.
(Source: http://archives.dailynews.lk/2010/10/14/ShareMarket.asp)
Last day before the split that is on 30/11/2010, closing trading price was 214.40.
(Source: http://archives.dailynews.lk/2010/12/01/ShareMarket.asp)
First day after the 2:1 split that is on 06/12/2010, closing trading price was 99.50.
(Source: http://archives.dailynews.lk/2010/12/07/ShareMarket.asp)
stocks hunter wrote:Yes they have invested nicely in the mkt during past couple of years. All most every investment they are at a profit at present. This includes blue chip companies and 2.0mnshares in NDB and HNB,COMB,SAMP,DFCC,NTB,DIST,TJL,SPEN all are in the portfolio. These boys have hired a very good investment advisor to the company. will see .....
Redbulls wrote:Last time after the initial announcement, EGM was held after 6 weeks.
I'm expecting this time by 3rd week of August 2014.
stocks hunter wrote:Leon after the announcement this should come down to Rs127 levels as per the sri Lankan style.
Leon wrote:This quarter UML is badly hit. EPS mere 2.50. Will see how they fight next Q.
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