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+2
Ethical Trader
Sriranga
6 posters
Browns Investment Rights Issue 1:1 @ Rs. 1.25
Sriranga- Veteran
- Posts : 3226
Join date : 2014-02-23
Location : Colombo
http://www.cse.lk/cmt/upload_cse_announcements/8811402368222_.pdf
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Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
- Post n°2
Re: Browns Investment Rights Issue 1:1 @ Rs. 1.25
by Ethical Trader Tue Jun 10, 2014 3:38 pm
Huge debt, once its cleared the balance sheet would be good looking. NAV around Rs:5.00.
First Guy- Posts : 2599
Join date : 2014-02-22
Ethical Trader wrote:Huge debt, once its cleared the balance sheet would be good looking. NAV around Rs:5.00.
NAV includes a large portion of "biological assets" if i remember correct.
cseinvestor- Posts : 70
Join date : 2014-02-25
Present share holders who thought Rs 2.2 was great for 5 NAV company are going to be hit badly .
After issue, NAV is going to be Rs 3+. Shares in market over 3.5 billion.
Even after rights they will have considerable loans remaining.
Seems this will come down to Rs 1.5 or below. The effect on FLCH needs to be monitored also.
Hope this group will not become another CFLB/LCEY group.
After issue, NAV is going to be Rs 3+. Shares in market over 3.5 billion.
Even after rights they will have considerable loans remaining.
Seems this will come down to Rs 1.5 or below. The effect on FLCH needs to be monitored also.
Hope this group will not become another CFLB/LCEY group.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
- Post n°5
Re: Browns Investment Rights Issue 1:1 @ Rs. 1.25
by Ethical Trader Wed Jun 11, 2014 10:35 am
Yes, its over 3 billion and also over 1.2 billion intangible assets. ?Can any one give more details exactly what they are.First Guy wrote:Ethical Trader wrote:Huge debt, once its cleared the balance sheet would be good looking. NAV around Rs:5.00.
NAV includes a large portion of "biological assets" if i remember correct.
I also noticed that current portion of interest bearing loans under current liabilities is substantial.
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
- Post n°6
Re: Browns Investment Rights Issue 1:1 @ Rs. 1.25
by Ethical Trader Wed Jun 11, 2014 10:36 am
Exactly.cseinvestor wrote:Present share holders who thought Rs 2.2 was great for 5 NAV company are going to be hit badly .
After issue, NAV is going to be Rs 3+. Shares in market over 3.5 billion.
Even after rights they will have considerable loans remaining.
Seems this will come down to Rs 1.5 or below. The effect on FLCH needs to be monitored also.
Hope this group will not become another CFLB/LCEY group.
balapas- Top contributor
- Posts : 762
Join date : 2014-02-23
Age : 44
GREG is going to get hit with this as well as they have 372mn shares. They bought shares at 5.50 if I remember correct.
Ukboy- Top contributor
- Posts : 360
Join date : 2014-02-28
Agree.balapas wrote:GREG is going to get hit with this as well as they have 372mn shares. They bought shares at 5.50 if I remember correct.
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