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Sri Lanka Equity Forum » Stock Market Talk » Alliance Finance - Subdivision, Bonus & Rights

Alliance Finance - Subdivision, Bonus & Rights

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EquityChamp

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Moderator
Long awaited announcement. The share should reach new highs today.

http://www.cse.lk/cmt/upload_cse_announcements/2581470799888_.pdf

EquityChamp

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Moderator
Ok. Shot of a hit its 943. If any one interested there is a good opportunity now in hand.

EquityChamp

avatar
Moderator
Here is a comparable calculation for you.

Suppose you have 100 shares. The proposed subdivision will increase it to 1000 and the proposed bonus issue will increase it to 1333 and the poposed rights issue will increase it further to 1386 shares.

EPS for FY 15/16 was Rs173.87
Dialuted EPS incorporating upto rights will be 12.5

Banking & Finance sector PE is now standing @ 8x

If we value ALLI @ a PE of 8x considering the increase in liquidity and new funds to be raised through rights the share should trade @ Rs100 theoretically post rights issue.

If we work back this price to now the the current share price should appreciate to Rs1,386 minimum and it should give a 50% return to any investor who bought it for Rs 943/- today.

Good luck

Gainer

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Associate Director - Equity Analytics
Associate Director - Equity Analytics
ALLI my target SPLIT and correct time announcement came.

EquityChamp

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Moderator
Closing  @ 1042. Next level should be 1200 anyway let see tomorrow how it goes.

kapifm

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Manager - Equity Analytics
Manager - Equity Analytics
EC i Saw you in wennappuwa



Last edited by kapifm on Wed Aug 10, 2016 11:12 pm; edited 1 time in total (Reason for editing : TYPO)

TARGET


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Gainer wrote:ALLI my target SPLIT and correct time announcement came.
Can you give the link of your prediction?

hettdas

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
After announcement of dates ALLI would  pass 1350. Because after 1 to 10 split, capitalization issue and dividend, share would trade 100+

troy

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Moderator
Dont be that harsh Target, Gainer has predicted a split for BLUE even....

hettdas

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Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Don't compare blue with ALLI.

EquityChamp

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Moderator
Just to remind that dates are closing in and the intrinsic value of ALLI post sub division & rights.

Thanks

investor1990


Stock Trader
Last 4 quarters EPS Rs. 235.52. Net Assets per share as at 30.09.2016 Rs. 1,126. Post subdivision, capitalization of reserves and right issue the EPS would be Rs. 17.03 and Net Assets per Share would be Rs. 82.37. At the industry P/E of around 8 that would give a price of Rs. 136.24. For someone who purchase the share today at Rs. 1040 the cost after the subdivision and capitalization would only be Rs. 78. This means a possible profit of Rs. 58 per share (74%) after subdivision and capitalization.

EquityChamp

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Moderator
ALLI XC now. Trading straightaway for 86/-

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