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slstock

The Alchemist

Market R

smallville

Sriranga

9 posters

Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

Sriranga

Sriranga: Veteran; Posts : 3226
Join date : 2014-02-23
Location : Colombo

Post n°1

Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by Sriranga Sun Feb 22, 2015 5:29 am

http://www.cse.lk/cmt/upload_cse_announcements/9061424428339_.pdf

Hemas to raise over Rs. 4.1 bn. through rights issue

Hemas Holdings PLC, a diversified conglomerate quoted on the Colombo Stock Exchange is seeking a cash infusion of over Rs. 4.1 billion through a rights issue of nearly 57.3 million new shares to be issued in proportion of one new share for every nine held at a price of Rs. 72 per shares.

In a Stock Exchange filing made on Friday, Hemas said that it intends to use the proceeds of the rights issue, which will be subject to shareholder approval at a general meeting and the agreement of the CSE in principle, will be used "to pursue strategic investment opportunities in the core sectors of the group."

Hemas currently has a stated capital of slightly over Rs. 1.6 billion comprising nearly 515.3 million ordinary shares.

The group’s current businesses include fast moving consumer goods (FMCG), healthcare, leisure, transportation and others.

The Hemas share closed on Friday at Rs. 85.
www.island.lk

Sriranga

Sriranga: Veteran; Posts : 3226
Join date : 2014-02-23
Location : Colombo

Post n°2

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by Sriranga Sun Feb 22, 2015 6:15 am

HHL Price from IPO todate
Hemas Holdings Rights Issue 1:9 @ Rs. 72/= Hhl110

Return at a glance from IPO todate
Hemas Holdings Rights Issue 1:9 @ Rs. 72/= Hhl211

smallville

smallville: Top contributor; Posts : 1872
Join date : 2014-02-23
Location : Trying to figure out..

Post n°3

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by smallville Sun Feb 22, 2015 8:01 am

Sri - where do u get that link to get a chart and do what if calc?

Sriranga

Sriranga: Veteran; Posts : 3226
Join date : 2014-02-23
Location : Colombo

Post n°4

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by Sriranga Sun Feb 22, 2015 8:15 am

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=hhl.N0000:CSE

Select Interactive chart. ( We can get so many option here)

Then select period. (I selected Max)

Then in tools drop down menu select "What I have invested?"

Note: Just change the CSE symbol in the above link for other counters.
Ex: To get info regarding JKH

http://markets.ft.com/research/Markets/Tearsheets/Summary?s=JKH.N0000:CSE

Market R

Market R: Posts : 221
Join date : 2015-01-07

Post n°5

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by Market R Sun Feb 22, 2015 12:30 pm

@sriranga, Thanks for the link. Very useful Smile

The Alchemist

The Alchemist: Top contributor; Posts : 651
Join date : 2014-02-25

Post n°6

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by The Alchemist Sun Feb 22, 2015 12:58 pm

Very smart move by the owning family.
bring in Enderby, get confidence of Foreign Investors, drive up share by over 100 %, come up with pricey rights to fund future development and then last step ? sell their rights totally approx 55 million share rights @ ......? or at least partly maybe.

i will bet that the owners will not take up their (Rights) entitlement and will choose to sell their rights. may have lined up potential buyers.

so you kill 3 birds with one stone.

a. company gets cash for development / settling debts.
b. owners get some chips off the table at good price / value.
c. share liquidity is enhanced.

win win win ?!

slstock

slstock: Veteran; Posts : 6216
Join date : 2014-06-12

Post n°7

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by slstock Sun Feb 22, 2015 2:50 pm

If they are actually thinking like you they are smart.

HHL was one of the most boring shares during 2010/2011. Now they have made up (maybe too much)

The Alchemist wrote:Very smart move by the owning family.
bring in Enderby, get confidence of Foreign Investors, drive up share by over 100 %, come up with pricey rights to fund future development and then last step ? sell their rights totally approx 55 million share rights @ ......? or at least partly maybe.

i will bet that the owners will not take up their (Rights) entitlement and will choose to sell their rights. may have lined up potential buyers.

so you kill 3 birds with one stone.

a. company gets cash for development / settling debts.
b. owners get some chips off the table at good price / value.
c. share liquidity is enhanced.

win win win ?!

Jana1

Jana1: Top contributor; Posts : 630
Join date : 2014-02-23

Post n°8

Re: Hemas Holdings Rights Issue 1:9 @ Rs. 72/=

by Jana1 Sun Feb 22, 2015 4:07 pm

slstock wrote:If they are actually thinking like you they are smart.

HHL was one of the most boring shares during 2010/2011. Now they have made up (maybe too much)

The Alchemist wrote:Very smart move by the owning family.
bring in Enderby, get confidence of Foreign Investors, drive up share by over 100 %, come up with pricey rights to fund future development and then last step ? sell their rights totally approx 55 million share rights @ ......? or at least partly maybe.

i will bet that the owners will not take up their (Rights) entitlement and will choose to sell their rights. may have lined up potential buyers.

so you kill 3 birds with one stone.

a. company gets cash for development / settling debts.
b. owners get some chips off the table at good price / value.
c. share liquidity is enhanced.

win win win ?!

This share was heavily recommended by one of the highly reputed broker firm which generally deal with most foreign accounts. When I ask my broker Y do u recommend at this high price, he said its valuation is quiet low compared to other diversified holdings.. When I check its valuation it looks like highly over valued than JKH. Simply broker gut along with management support made this company to fly this high. One of heavily over price rights in the mkt....