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Very Interesting Subdivision.
https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2020.03.2020_7203880372822713.pdf
Sub-Division :
Voting :1 : 4500
Existing number of shares of the company :
Voting :666,562
Resulting number of shares of the company after sub-division :
Voting :2,999,529,000
Minimum price a share can trade Rs.0.10.
1:4500 Implies : minimum Value after subdivision is Rs.450/=
Current Net Asset Value Rs.825/=
To days closing price Rs 292.50
So that after sub division minimum gain of over 150% is guaranteed.
Risk
You might not able to sell even at Rs 0.10 after the massive subdivision.
Even though PE is high this is not a loss making company and trailing EPS is around 10.
To be frank don't have any idea about the Company.
Is there something that I didn't see?
Please share your Ideas.
https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2020.03.2020_7203880372822713.pdf
Sub-Division :
Voting :1 : 4500
Existing number of shares of the company :
Voting :666,562
Resulting number of shares of the company after sub-division :
Voting :2,999,529,000
Minimum price a share can trade Rs.0.10.
1:4500 Implies : minimum Value after subdivision is Rs.450/=
Current Net Asset Value Rs.825/=
To days closing price Rs 292.50
So that after sub division minimum gain of over 150% is guaranteed.
Risk
You might not able to sell even at Rs 0.10 after the massive subdivision.
Even though PE is high this is not a loss making company and trailing EPS is around 10.
To be frank don't have any idea about the Company.
Is there something that I didn't see?
Please share your Ideas.
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