Ascot Holdings Rights Issue & Warrants

chinwi wrote:

seek wrote:Can you remember? This was called as King's stock one time. Check top 20 list 2-3 Q ago. You will see two kings.

I was there at the trading floor when that fellow- backed by Iriyagolla money- collected this @ Rs.4-7 range.

රෙදි වියන කොම්පැනිය වැහිල Book value මයිනස් වෙලා EPS -ve තියෙද්දි මේක 6 ට 7 ට ලක්‍ෂ ගනන් එකතු කරන්න පිස්සුද දන්නෙ නෑ කියල මිනිස්සු කිව්ව​.
ඊට පස්සෙ 100% මිල වැඩි උනාම  16-20 ට විකුණන්නෙ නැතුව තවත් එකතු කරනව​.
සති කිහිපයයි ගියේ මෙන්න එකතු කරපු අය ගෙන් වෙනත් අය​ 65/- ට 80/- ට  ගන්නව​.

අප්ඩේට් නොකරපු පොත් වල එහෙම  වටිනාකම් තිබුනට සමහර ඒවගෙ ඇත්ත වටිනාකම හාත් පසින්ම වෙනස් වෙන්න පුලුවන් බව දැන ගත්තෙ Ascot නිසා තමයි.

මමත් 5/- ට තියෙද්දි ගන්නෙ නැතුව, මෙලෝ දෙයක් දන්නෙ නැතුව 8/- ට ටිකක් අරගෙන දවස් දෙක තුනක් බඩේ  බිත්තර තම්බ තම්බ ඉඳල 18/- ට  දීල සැනසුම් සුසුම් හෙලුව​. ඒ දවස්වල ට්‍රේඩිං කලා නේ.

chinwi wrote:No No. This is a rare example of early days rights issues.
Excellent job by Mr. Upali Mendis and other.

Normally and theoretically a right is an opportunity to buy a share at a bargain price offered to the existing shareholders.  
While others buy at trading price existing shareholders get this opportunity to buy low.

When a right is announced, trading price should go up.

Unfortunately bad people entered to the CSE ruined this feature during last few years.

Now we can see a good right issue , issued 1 for 2 at a bargain price and the warrants too.
Not like bogus Platinum robbers, they have realistic reason to issue warrants to get cash at a future  date. :Working Capital.

Proportion of warrants is also very strong. Do not dilute share volume.  1 for 8 existing shares.

Price of the share should go up because this will give good opportunity to shareholders to trade rights and warrants to earn more.

seek wrote:Actually I was referring to two sons of HE. Their names appeared in one Q report but disappeared in the following report. I agree with YK and SLS. This is an innovative dividend.

Leon wrote:Who are those people you are mentioning??

stocks hunter wrote:Nuinth,

https://forum.lankaninvestor.com/t1592-capital-trust-daily-stock-watch-14-08-2014#9938

Under announcement section u can get the details.Still they have not finalized the dates.

Nuinth wrote:Hi all,

ASCO share price is coming down day by day. Many of us thought it will go up with right issue price. Sometimes, it may bey push down & collect low price. But I'm believing this will be a most interesting one in future as people are involving this company/proposed hotel project.

Any idea about this & right issue date ?

Thx in advance.

Disc-I'm holding.

stocks hunter wrote:Volumes are increasing. Keep in touch.

205,000+ shares traded.

More than the 7 day average volume. Highest traded price today Rs95/
cash flow detail  - 83.56%