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Sri Lanka Equity Forum » Stock Market Talk » KZOO - WHAT WOULD BE THE RIGHT TRADING PRICE ON THE 13TH JUNE

KZOO - WHAT WOULD BE THE RIGHT TRADING PRICE ON THE 13TH JUNE

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Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
First topic message reminder :

AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?


26 185/= on Tue Jun 13, 2017 9:13 am

ruwan326


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ruwan326 wrote:Kalamazoo under Renuka banner seeks Rs. 1.56 bn, cash infusion
Record 60 for one rights issue at Rs. 520 a share

The Renuka Holdings Group which in July last year acquired Kalamazoo Systems PLC, a quoted company with an issued capital of just Rs. 500,000, is seeking a Rs. 1.56 billion cash infusion into Kalamazoo by way of a rights issue of 60 ordinary shares of the company for every one share held at a price of Rs. 520 per share.


Analysts said that Renuka bought 69.97% control of Kalamazoo, since increased to 70.388% following a mandatory offer to other shareholders of that company, to have a listed company under its belt for further investment.


Kalamazoo was founded by and was a member of the Ceylon Printers Group. Mr. Nimal Perera, once Mr. Dhammika Perera’s investment advisor but no longer an intimate confidante, took control of the company buying approx. 70% at Rs. 1,067.70 a share ostensibly to have a quoted company under his control.


He thereafter took a tidy capital gain selling his 70% to the Renuka Group at Rs. 1,428 a share. Now Renuka is seeking to infuse over Rs. 1.5 billion to the company through the rights issue. Whether the approx. 30% minority will subscribe and whether Renuka will mop up unsubscribed rights is an open question.


The share closed on the CSE on Friday at Rs. 746.70, down Rs. 533.50 from the previous close on a small quantity of 2,495 shares traded. A June 1 EGM of the company approved the rights issued and also adopted a resolution to change the company’s name to Renuka Capital PLC.


The circular to shareholders of Kalamazoo leaves the possibility of under-subscription open.


In a circular to shareholders, the Kalamazoo board headed by Mr. S.V. Rajiyah of Renuka said that the initial objective of the rights issue was to make an equity investment in Renuka Developments Ltd (RDL) to acquire a controlling stake of that company.


RDL planned three property development projects: one an office development focusing on tenants providing IT and outsourced services on 184 perches of Colombo-9 land; a mixed development project on 86 perches of Colombo-3 land; and a hotel project on which RDL was in discussion with an international hotel operator for which it would provide its land.


However feasibilities indicated an internal rate of return of 11.5% for the office project and 14.72% for the mixed development. No feasibility study had been carried out on the hotel project which was at a discussion stage.


"Upon deliberation and consideration of the previous objectives and given the long lead times of these projects, the board believes that the revised objectives of becoming an investment company would provide better risk adjusted returns for its shareholders," a circular to Kalamazoo shareholders said.


"Given current market conditions, the board is on the view that debt instruments could yield returns in the range of 12-14% while equity investments could yield returns of 20-25%"


The revised objectives of the company are to invest and trade in equity (including private equity and listed shares), fixed income instruments/debt (including listed debentures, structured debt, unit trusts etc.) and other alternative asset classes and thereby create above average returns for shareholders.


The company plans to appoint an investment committee of two board members, two of its senior managers and two outsiders with finance, investment or legal backgrounds to appraise and make decisions.


Kalamazoo will invest 35% of the funds raised by the rights issue within 90 days of its completion in listed equity. It hopes to within 12 months (subject to market conditions) build a portfolio targeted to comprise 50-75% private and listed equities, 10 – 25% fixed income instruments and 10 – 25% in alternative asset classes subject to availability and appropriateness.


The Net Asset Value (NAV) of Kalamazoo as at Mar. 31, 2016 was Rs. 10.2 million. If the rights issue is fully subscribed a maximum of Rs. 1.56 billion will be generated, boosting the company’s NAV nearly 153 times.T

Thanks PAT for the details:D Very Happy Very Happy
Wow............... Very Happy Very Happy Very Happy Very Happy

185/= it is

wisdom79


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Said bought enjoyed, hm, wonderful.......!

Buy at the correct time and selling is the most useful thing....!

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
KZOO.R trading opportunity come again . we can trade util 20/06/17 so buy under 30/=

29 DO NOT BUY RIGHTS NOW on Thu Jun 15, 2017 3:22 pm

ruwan326


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@man123 wrote:KZOO.R trading opportunity come again . we can trade util 20/06/17 so buy under 30/=

By 13th major share holders will crash it to 10/= 0r 8/= so they can collect it all.
If you already got Rights sell it with a minimum lost lol! lol!

ruwan326


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ruwan326 wrote:
@man123 wrote:KZOO.R trading opportunity come again . we can trade util 20/06/17 so buy under 30/=

By 13th major share holders will crash it to 10/= 0r 8/= so they can collect it all.
If you already got Rights sell it with a minimum lost lol! lol!
Why the bids over 4 000 000 lol! lol! lol!

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
Very interesting scenario.
-Some brokers recommended to buy  Kalamazoo  rights as high as 54.00.
-Kalamazoo share is now trading at 688.40 ( Rs 168.00 over rights issue price of 520.00).
-Prediction is that the Kalamazoo rights will trade at 8.00 to 10.00 after 13th June.
-Watch the fun when holders of rights who don't have cash to subscribe selling at lower prices.
-Poor investors who bought the rights at 54.00 will suffer

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Wisdom 79, what happened to over100/= Sad

anges


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
we will know in a few days

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ruwan326 wrote:
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom
SOME THING FUNNY HAPPENING, FIRST DAY ( 13th) AT THE BEGINING THEY BOUGHT IT DOWN TO 11/-  AND THEN PUSSED IT TO 54/= SECOUND DAY (14th) THEY COLLECTED @ 42/= LEVEL, THIRD DAY (15th) THE BOUGHT IT DOWN TO 20/10 AND CLOSSED IT @ 22/90, only 529,080 rights were listed with CSD. I thing for last three days more than 500,000 rights were traded., WHAT THEY WILL DO TODAY? ANY IDEA?

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Eugine Fernando wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom
SOME THING FUNNY HAPPENING, FIRST DAY ( 13th) AT THE BEGINING THEY BOUGHT IT DOWN TO 11/-  AND THEN PUSSED IT TO 54/= SECOUND DAY (14th) THEY COLLECTED @ 42/= LEVEL, THIRD DAY (15th) THE BOUGHT IT DOWN TO 20/10 AND CLOSSED IT @ 22/90, only 529,080 rights were listed with CSD. I thing for last three days more than 500,000 rights were traded., WHAT THEY WILL DO TODAY? ANY IDEA?
Lets say you got XR day one Kazoo@ 1200/=
you get free 60 rights
You have to pay 532.00+ (final right price*60)*60 = 31930.00 +(final right price*60) to get that 60Rights
I do not think Retailers can pay that much of a amount Shocked Shocked

37 WISDOM 79 OVER TO YOU on Fri Jun 16, 2017 10:09 am

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ruwan326 wrote:
@Eugine Fernando wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom
SOME THING FUNNY HAPPENING, FIRST DAY ( 13th) AT THE BEGINING THEY BOUGHT IT DOWN TO 11/-  AND THEN PUSSED IT TO 54/= SECOUND DAY (14th) THEY COLLECTED @ 42/= LEVEL, THIRD DAY (15th) THE BOUGHT IT DOWN TO 20/10 AND CLOSSED IT @ 22/90, only 529,080 rights were listed with CSD. I thing for last three days more than 500,000 rights were traded., WHAT THEY WILL DO TODAY? ANY IDEA?
Lets say you got XR day one Kazoo@ 1200/=
you get free 60 rights
You have to pay 532.00+ (final right price*60)*60 = 31930.00 +(final right price*60) to get that 60Rights
I do not think Retailers can pay that much of a amount Shocked Shocked

Last day you need to sell all to survive Very Happy Very Happy Very Happy Very Happy
Well,we need to ask Wisdom79 what happen to 3figure number??????
May be he was there in the board meeting and he might know what will be the plan.
So please enlighten us Wisdom 79 lol! lol! lol! lol!

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ruwan326 wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom
SOME THING FUNNY HAPPENING, FIRST DAY ( 13th) AT THE BEGINING THEY BOUGHT IT DOWN TO 11/-  AND THEN PUSSED IT TO 54/= SECOUND DAY (14th) THEY COLLECTED @ 42/= LEVEL, THIRD DAY (15th) THE BOUGHT IT DOWN TO 20/10 AND CLOSSED IT @ 22/90, only 529,080 rights were listed with CSD. I thing for last three days more than 500,000 rights were traded., WHAT THEY WILL DO TODAY? ANY IDEA?
Lets say you got XR day one Kazoo@ 1200/=
you get free 60 rights
You have to pay 532.00+ (final right price*60)*60 = 31930.00 +(final right price*60) to get that 60Rights
I do not think Retailers can pay that much of a amount Shocked Shocked

Last day you need to sell all to survive Very Happy Very Happy Very Happy Very Happy
Well,we need to ask Wisdom79 what happen to 3figure number??????
May be he was there in the board meeting and he might know what will be the plan.
So please enlighten us Wisdom 79 lol! lol! lol! lol!
MOST OF THE RIGHTS WERE TRADED ABOVE 40/= THEN WHO BOUGHT THAT? Very Happy Very Happy

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Even Rights 30/= and 40/= not bad who can eligible to pay the rights 520/= then their price is 5.30 or 5.40 after split 

after Split KZOO.N will trade more than 7/= so buy these rights who can ready to pay the 520/= 

any how Rights will trade more than 30/= or 40/= level on monday

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Eugine Fernando wrote:
@ruwan326 wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom
SOME THING FUNNY HAPPENING, FIRST DAY ( 13th) AT THE BEGINING THEY BOUGHT IT DOWN TO 11/-  AND THEN PUSSED IT TO 54/= SECOUND DAY (14th) THEY COLLECTED @ 42/= LEVEL, THIRD DAY (15th) THE BOUGHT IT DOWN TO 20/10 AND CLOSSED IT @ 22/90, only 529,080 rights were listed with CSD. I thing for last three days more than 500,000 rights were traded., WHAT THEY WILL DO TODAY? ANY IDEA?
Lets say you got XR day one Kazoo@ 1200/=
you get free 60 rights
You have to pay 532.00+ (final right price*60)*60 = 31930.00 +(final right price*60) to get that 60Rights
I do not think Retailers can pay that much of a amount Shocked Shocked

Last day you need to sell all to survive Very Happy Very Happy Very Happy Very Happy
Well,we need to ask Wisdom79 what happen to 3figure number??????
May be he was there in the board meeting and he might know what will be the plan.
So please enlighten us Wisdom 79 lol! lol! lol! lol!
MOST OF THE RIGHTS WERE TRADED ABOVE 40/= THEN WHO BOUGHT THAT? Very Happy Very Happy
Some brokers advice poor Retailers Very Happy Very Happy
If you wait till the end you can see the clear picture...
But that time it is too late Suspect Suspect Suspect

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ruwan326 wrote:
@Eugine Fernando wrote:
@ruwan326 wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:
@ruwan326 wrote:
@Eugine Fernando wrote:AT PRESENT THE MAIN SHARE TRADING @ 750/- LEVEL, SO THERE IS A DISCOUNT OF (750/- - 520/-)  230/- I THINK THERE WILL BE ONLY ABOUT 400,000 RIGHTS FOR TRADING,  MY PREDICTION RIGHT SHOULD TRADE OVER 100/-,,,, WHAT IS YOURS?

Major share holders never entered Rights trading.
Most probably they will crash it to 10/= or 8/= on Tuesday.
Do not wait till 20th
bom bom bom bom bom
SOME THING FUNNY HAPPENING, FIRST DAY ( 13th) AT THE BEGINING THEY BOUGHT IT DOWN TO 11/-  AND THEN PUSSED IT TO 54/= SECOUND DAY (14th) THEY COLLECTED @ 42/= LEVEL, THIRD DAY (15th) THE BOUGHT IT DOWN TO 20/10 AND CLOSSED IT @ 22/90, only 529,080 rights were listed with CSD. I thing for last three days more than 500,000 rights were traded., WHAT THEY WILL DO TODAY? ANY IDEA?
Lets say you got XR day one Kazoo@ 1200/=
you get free 60 rights
You have to pay 532.00+ (final right price*60)*60 = 31930.00 +(final right price*60) to get that 60Rights
I do not think Retailers can pay that much of a amount Shocked Shocked

Last day you need to sell all to survive Very Happy Very Happy Very Happy Very Happy
Well,we need to ask Wisdom79 what happen to 3figure number??????
May be he was there in the board meeting and he might know what will be the plan.
So please enlighten us Wisdom 79 lol! lol! lol! lol!
MOST OF THE RIGHTS WERE TRADED ABOVE 40/= THEN WHO BOUGHT THAT? Very Happy Very Happy
Some brokers advice poor Retailers Very Happy Very Happy
If you wait till the end you can see the clear picture...
But that time it is too late Suspect Suspect Suspect
Only 469440 shares there for Retailers to play Very Happy Very Happy Very Happy
On last day they have to sell it to main share holders @ minimum lost or if you do not pay (520.00+ Right price last day trading) still they will get it Very Happy Very Happy Very Happy Very Happy
3 000 000 Rights, have you seen even 1million traded for last 3days???

fortuneteller

avatar
Senior Equity Analytic
Senior Equity Analytic
WILL IT FOLLOW A MANDATORY OFFER TO BUY ALL SHARES @ SAY RS 520.00 (OR RS 5.20) ?

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@man123 wrote:Even Rights 30/= and 40/= not bad who can eligible to pay the rights 520/= then their price is 5.30 or 5.40 after split 

after Split KZOO.N will trade more than 7/= so buy these rights who can ready to pay the 520/= 

any how Rights will trade more than 30/= or 40/= level on monday
You mean .30/= or.40/= cent right???? Rolling Eyes

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@wisdom79 wrote:Said bought enjoyed, hm, wonderful.......!

Buy at the correct time and selling is the most useful thing....!
Wisdom 79, when you said kazoo.R will trade 100/= was it 100 cents???? Laughing
Started 11/= ended 1.70/= Question

Teller

avatar
Moderator
Great. Discussion, how ever if you can buy the rights and subscribe for shares ,you may be a millionaire . I'm sure all these rights will be subscribed by Renuka as they almost paid high prices acquire this company. Even now it's deadline on rights but you can use your brain in this stage. There rights are so cheap now .

Elahara

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Hell ! What behind this headache ? Evil or Very Mad Evil or Very Mad

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:Great. Discussion, how ever if you can buy the rights and subscribe for shares ,you may be a millionaire . I'm sure all these rights will be subscribed by Renuka as they almost paid high prices acquire this company. Even now it's deadline on rights but you can use your brain in this stage. There rights are so cheap now .


Among the KZOO rights buyer, only some will subscribe for the KZOO rights, others don’t have the financial capacity to subscribe the KZOO rights @ Rs.520/=, they are rights traders, if any one apply for additional shares he will get the additional shares easily rather than spending on rights additionally.

Some are imagining the KZOO’s post listed price value now like KZOO rights price earlier.

What had happened to the then illiquid share CPRT and its promoter Major General Jana? Now Jana disappeared from this forum. Now the same thing is reflecting in KZOO, history is repeating see this link and check promoter’s price and the CPRT price now

http://forum.srilankaequity.com/t49314-cprt-nav-can-go-up-by-1000

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Miss-Sangeetha wrote:
@Teller wrote:Great. Discussion, how ever if you can buy the rights and subscribe for shares ,you may be a millionaire . I'm sure all these rights will be subscribed by Renuka as they almost paid high prices acquire this company. Even now it's deadline on rights but you can use your brain in this stage. There rights are so cheap now .


Among the KZOO rights buyer, only some will subscribe for the KZOO rights, others don’t have the financial capacity to subscribe the KZOO rights @ Rs.520/=, they are rights traders, if any one apply for additional shares he will get the additional shares easily rather than spending on rights additionally.

Some are imagining the KZOO’s post listed price value now like KZOO rights price earlier.

What had happened to the then illiquid share CPRT and its promoter Major General Jana? Now Jana disappeared from this forum. Now the same thing is reflecting in KZOO, history is repeating see this link and check promoter’s price and the CPRT price now

http://forum.srilankaequity.com/t49314-cprt-nav-can-go-up-by-1000
what about the KZOO.N?

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Why need to apply Additional shares KZOO.

Who can ready to pay 520/= ofr Additional then why they can't pay for 521/= buy these crab Rights paper.

additional not sure but if you buy at 1/= then your shares is confirmed

until the rights 10/= KZOO.R is worth to convert KZOO.N

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Do you thing collection is going ..no already 611000 Rights traded ..

and 233 000 rights in selling site

Bloody game..

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@man123 wrote:Do you thing collection is going ..no already 611000 Rights traded ..

and 233 000 rights in selling site

Bloody game..
Top 19 also selling Very Happy Very Happy Very Happy Very Happy
when it comes to Rights,warrants etc..... yup it's a bloody GAME lol!

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@man123 wrote:Do you thing collection is going ..no already 611000 Rights traded ..

and 233 000 rights in selling site

Bloody game..
If it reach 900 000 That mean all collected by Renuka Very Happy Very Happy Very Happy Very Happy Very Happy

Teller

avatar
Moderator
Now it's confirmed buying by Renuka

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Teller wrote:Now it's confirmed buying by Renuka
Teller, any idea what will be the price range KZOO.N till 7th June??????

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
911000 traded... ????

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:Now it's confirmed buying by Renuka

how come you can confirmed ??/

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@man123 wrote:
@Teller wrote:Now it's confirmed buying by Renuka

how come you can confirmed ??/
WHAT WILL HAPPEN TO THE KZOO MAIN SHARE FROM TOMORROW/???? Rolling Eyes Rolling Eyes

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Eugine Fernando wrote:
@man123 wrote:
@Teller wrote:Now it's confirmed buying by Renuka

how come you can confirmed ??/
WHAT WILL HAPPEN TO THE KZOO MAIN SHARE FROM TOMORROW/???? Rolling Eyes Rolling Eyes
Very few in the market........
Maybe there will be another game start tomorrow......
Some party collected very cheap.....
How about 3 Very Happy Very Happy Very Happy /=+

Teller

avatar
Moderator
Renuka did a dirty game here. I can say it's the dirtiest game in CSE. As sangeetha said , if any one has few rights it doesn't mean they can subscribe limited to their rights. So Renuka will grab the all rights available . In that scenario KZOO net asset value can jump to amazingly. So Renuka will subscribe and set the market price gradually.

ruwan326

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Teller wrote:Renuka did a dirty game here.   I can say it's the dirtiest game in CSE.  As sangeetha said , if any one has few rights it doesn't mean they can subscribe limited to their rights. So Renuka will grab the all rights available . In that scenario KZOO net asset value can jump to amazingly. So Renuka will subscribe and set the market price gradually.

If Renuka played dirty there is a reason Very Happy

For the fiscal year ended 31 March 2017, Kalamazoo Systems PLC revenues remained flat at LKR11.4M. Net loss before extraordinary items increased 11% to LKR8.4M. Revenues reflect market conditions. Higher net loss reflects Administrative Expenses increase of 3% to LKR21.6M (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -LKR64.08 to -LKR71.39.

Miss-Sangeetha

avatar
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:Great. Discussion, how ever if you can buy the rights and subscribe for shares ,you may be a millionaire . I'm sure all these rights will be subscribed by Renuka as they almost paid high prices acquire this company. Even now it's deadline on rights but you can use your brain in this stage. There rights are so cheap now .



Teller as a freelance broker firm agent, at the last moment of KZOO rights cease to trade, he was encouraging the KZOO rights buying on behalf of his boss. Now see the reality.












Hope that he won't forget this forum password as earlier

ruwan326

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Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Miss-Sangeetha wrote:
@Teller wrote:Great. Discussion, how ever if you can buy the rights and subscribe for shares ,you may be a millionaire . I'm sure all these rights will be subscribed by Renuka as they almost paid high prices acquire this company. Even now it's deadline on rights but you can use your brain in this stage. There rights are so cheap now .



Teller as a freelance broker firm agent, at the last moment of KZOO rights cease to trade, he was encouraging the KZOO rights buying on behalf of his boss. Now see the reality.












Hope that he won't forget this forum password as earlier
I wonder where is Wisdom 79?????????? Shocked

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