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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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2 posters

    Vidullanka PLC (VLL) - capitalization of reserves

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Vidullanka PLC (VLL) - capitalization of reserves Empty Vidullanka PLC (VLL) - capitalization of reserves

    Post by First Guy Wed Jul 15, 2015 7:29 am

    http://www.cse.lk/cmt/upload_cse_announcements/6681436859150_.pdf

    Capitalization of reserves 1:2 for consideration of 1/-

    Consideration is just for accounting purposes only and there is no economic value created by this. But VLL has gone up 10% + yesterday Very Happy and touched 11/-

    I regret exiting this stock early despite having so much faith in it.
    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Vidullanka PLC (VLL) - capitalization of reserves Empty Re: Vidullanka PLC (VLL) - capitalization of reserves

    Post by First Guy Wed Jul 15, 2015 7:32 am

    There might be shady characters telling you to buy because you get 10/- share for 1/- etc and other rosy stories, so beware of those. Directors were buying till mid 8/- I have not checked this recently but 10+ seems too much at this stage. I am positive on the company but not necessarily the stock at this price.
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    serene
    Top contributor
    Top contributor


    Posts : 4850
    Join date : 2014-02-26

    Vidullanka PLC (VLL) - capitalization of reserves Empty Re: Vidullanka PLC (VLL) - capitalization of reserves

    Post by serene Wed Jul 15, 2015 7:44 am

    Thanks Mate.Me too only holding lesser quantity.
    It seems Directors highest purchase considerarion is 9.20.As per the uploaded announcements.

      Current date/time is Tue Oct 08, 2024 6:37 pm