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INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

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INDUSTRIAL ASPHALTS (CEYLON) PLC   (ASPH.N0000) Empty INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Post by serene on Fri Mar 20, 2020 9:57 pm

Very Interesting Subdivision.

https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2020.03.2020_7203880372822713.pdf

Sub-Division :
Voting :1 : 4500
Existing number of shares of the company :
Voting :666,562
Resulting number of shares of the company after sub-division :
Voting :2,999,529,000

Minimum price a share can trade Rs.0.10.

1:4500 Implies : minimum Value after subdivision is Rs.450/=

Current Net Asset Value Rs.825/=
To days closing price Rs 292.50
So that after sub division minimum gain of over 150%  is guaranteed.

Risk
 You might not able to sell even at Rs 0.10 after the massive subdivision.

Even though PE is high this is not a loss making company and trailing EPS is around 10.
To be frank don't have any idea about the Company.

Is there something that I didn't see?
Please share your Ideas.

serene
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INDUSTRIAL ASPHALTS (CEYLON) PLC   (ASPH.N0000) Empty Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Post by Niru on Sat Mar 21, 2020 9:16 am

Min expected gain will be 50% not 150%

Niru

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Join date : 2015-08-22

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INDUSTRIAL ASPHALTS (CEYLON) PLC   (ASPH.N0000) Empty Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Post by Niru on Sat Mar 21, 2020 9:28 am

Actually the jump in NAV was due to they have revalued their land value from 3 million to 577 million in 2017
So please aware of this fact. Please check on Q2 2017/2018 reports.

Niru

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INDUSTRIAL ASPHALTS (CEYLON) PLC   (ASPH.N0000) Empty Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Post by Niru on Sat Mar 21, 2020 9:30 am

.i.e. NAV jumped from 91 to 941/-

Niru

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INDUSTRIAL ASPHALTS (CEYLON) PLC   (ASPH.N0000) Empty Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Post by serene on Sat Mar 21, 2020 2:22 pm

Niru wrote:Min expected gain will be 50% not 150%

Yes. True.
Thanks for the NAV information, will check.
Please enlighten us if you know more about the company.


serene
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Post by serene on Sat Mar 21, 2020 2:27 pm

Niru another thing, You are active here since 2015 and seems to have good knowledge.
But only 5 posts up to now.
Encourage for more knowledge sharing.

serene
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