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+2
jiggysaurus
Sriranga
6 posters
Palm Garden Hotels Rights Issue 3:1 @ Rs. 55.00
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
http://www.cse.lk/cmt/upload_cse_announcements/9571407843795_.pdf
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jiggysaurus- Top contributor
- Posts : 548
Join date : 2014-07-09
- Post n°2
Re: Palm Garden Hotels Rights Issue 3:1 @ Rs. 55.00
by jiggysaurus Tue Aug 12, 2014 6:04 pm
How the power of the PALM?
Nicely pumped from 80 to 120, ready for the rights dump.
Nicely pumped from 80 to 120, ready for the rights dump.
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
Oh no. Someone I know here is not going to be too happy.
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chinwi- Top contributor
- Posts : 999
Join date : 2014-02-23
Those days, 1 for 3 and prices go up with the announcement.
Nowadays , 3 for 1
Nowadays , 3 for 1
Ukboy- Top contributor
- Posts : 360
Join date : 2014-02-28
Looks like we will be able to buy PALM.N from the market sub 55.
Ukboy- Top contributor
- Posts : 360
Join date : 2014-02-28
PALM is now trading 10% discount to right issue price.
More chance to go down further than up.
More chance to go down further than up.
Jana1- Top contributor
- Posts : 630
Join date : 2014-02-23
Ukboy wrote:PALM is now trading 10% discount to right issue price.
More chance to go down further than up.
One of the asset rich counter. But no profit growth at all. I am surprised how this entire group has suddently beacme lost makers. See Eden. Its price should be near Staf.N price. Now trading at half price...
Ukboy- Top contributor
- Posts : 360
Join date : 2014-02-28
Now trading at sub 50. Ppl must be selling at a lost.
Regarding EDEN, I think they should go for a right issue.
Regarding EDEN, I think they should go for a right issue.
Ukboy- Top contributor
- Posts : 360
Join date : 2014-02-28
This was a good buy around 45 due to lack of shares in the market plus news on agreement with a German tour company. However I'm not too sure about this new brand. Need to study a bit more.
Ukboy- Top contributor
- Posts : 360
Join date : 2014-02-28
Ukboy wrote:Now trading at sub 50. Ppl must be selling at a lost.
Regarding EDEN, I think they should go for a right issue.
Looks like PALM (same group) will have to come forward n subscribe all the EDEN rights.
PALM rights were also in similar situation few months back.
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