Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Market up soon...
by ruwan326 Today at 7:10 am

by DS Wijesinghe Yesterday at 5:46 pm

» what's happening to TKYO.N000?
by hasitha@CSE Yesterday at 1:25 pm

» HVA might give dividend
by anjelo Tue Jun 19, 2018 1:35 pm

by samaritan Tue Jun 19, 2018 1:14 pm

by dsam Mon Jun 18, 2018 2:21 pm

» PREDICT And WIN..........
by Eugine Fernando Mon Jun 18, 2018 2:12 pm

» TOUGH TIMES AHEAD........!!!!!!!!
by cruiserdude Mon Jun 18, 2018 10:47 am

by glad Sat Jun 16, 2018 10:34 am

» Chicken imports to be banned
by TuTanKaman Thu Jun 14, 2018 7:48 am

» VLL - Vidullanka PLC Private Placement
by The Hunter Wed Jun 13, 2018 9:20 pm

» CALF doubled price genuine?
by ruwan326 Wed Jun 13, 2018 10:47 am

» LLUB - foreign exit
by ruwan326 Wed Jun 13, 2018 10:42 am

» Howmuch will the dollar be in one week
by anges Tue Jun 12, 2018 7:21 pm

by lishanthan Mon Jun 11, 2018 8:30 pm

» GARMENT INDUSTRY to enjoy double digit growth in the following year
by reyaz Mon Jun 11, 2018 1:59 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » CITH, CITH & REEF


Go down  Message [Page 1 of 1]

1 CITH, CITH & REEF on Thu May 31, 2018 2:36 pm


Senior Equity Analytic
Senior Equity Analytic
Noted following points post restructuring
1. Revaluation of properties of CITH, REEF, CITW, PBR is due in 31 March 2018 which is expected to release in couple of days
2. EGM approves unutilized IPO funds to be used for debt settlement which is more than 50% of CITH debt outstanding. Further sell of CITK property to settle CITH loans will ensure debt is settled around 80%. This will significantly improve eps.
3. Sell of CITK property will reverse a minimum of 17 MN of revaluation reserve to retain earnings.
4. Directors who never had CITH shares now getting shares due to CITK conversion
5 Shares of CLND deferred revaluation of approximately 1bn will come in coming quarters to financials as Associate company
6 IPO prices above Rs 17 in 2012 which is used to settle debts for which now we can buy below 7.
7 RSI oversold region
1. Not sure the upcoming p&l
2. Still high selling pressure. Don't know false orders to make price low
3 revaluation results not known
4 shares high volatile
I'm collecting. Pls do ur analysis b4 invest. I forecast a reasonable upside

2 Re: CITH, CITH & REEF on Mon Jun 04, 2018 9:28 am


Senior Equity Analytic
Senior Equity Analytic
Reef net asset 28 to 35 cith net asset 21 to 25 loan to be settled 1st week of June.
Interesting to see how market will react

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum