Palm Garden Hotels Rights Issue 3:1 @ Rs. 55.00

[SrirangaVeteran]

http://www.cse.lk/cmt/upload_cse_announcements/9571407843795_.pdf

[jiggysaurusTop contributor]

How the power of the PALM?

Nicely pumped from 80 to 120, ready for the rights dump.

[slstockVeteran]

Oh no. Someone I know here is not going to be too happy.

[chinwiTop contributor]

Those days, 1 for 3 and prices go up with the announcement.

Nowadays , 3 for 1  

[UkboyTop contributor]

Looks like we will be able to buy PALM.N from the market sub 55.

[UkboyTop contributor]

PALM is now trading 10% discount to right issue price.
More chance to go down further than up.

[Jana1Top contributor]

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...

[UkboyTop contributor]

Now trading at sub 50. Ppl must be selling at a lost.

Regarding EDEN, I think they should go for a right issue.

[UkboyTop contributor]

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.

[UkboyTop contributor]

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.