Why LGL.X is not moving like LGL.N?

wcwchamara · 1 Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 2:57 pm

wcwchamara

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I can remember that around 6 month ago LGL.X was traded over 40 when LGL.N break the 50 barrier. But today LGL.N is almost 50 but LGL.X is around 30. Does anyone know the reason?

I am struggling with LGL.X since march which were bought @ 42.

wcwchamara · 2 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:00 pm

wcwchamara

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Sorry. I did see following post once after created this topic.

http://forum.srilankaequity.com/t11297-lgln-vs-lglx-updated

kam2011 · 3 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:15 pm

kam2011

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Investors generally notice this type of gaps little later. If you can remember when the BLUE N stared it's run this time BLUE X was just stagnated. After few days BLUE X was also started it's run . Accordingly LGL X will also show us a much faster run during the next week I hope..

hariesha · 4 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:17 pm

hariesha

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Yes. When LGL.N is at 50 LGL.X was trading arround 40. But this time there was much interest in LGL.N. But EPF collected LGL.X at 43 levels. Hopefully by Monday investors may realize that LGL.X is more attractive than LGL.N at current prices.

aga.sanjeewa · 5 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:29 pm

aga.sanjeewa

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LGL.X Tradings

Price Range volume
26.50 - 26.90 15,700
27 - 27.90 483,200
28 - 28.90 671,400
29 - 29.90 2,689,600
30 169,600

LGL.N Tradings

Price Range volume
50 - 50.50 1,758,900
49 - 49.90 3,581,602
48 - 48.90 5,632,500
47 - 47.90 5,564,900
46 - 46.90 1,499,600
45 -45.90 852,600
44 - 44.90 1,158,400
43 - 43.90 571,300
42 - 42.90 75,200
41.50 - 41.90 9,400

We can expect more

barney · 6 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 4:11 pm

barney

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@aga.sanjeewa .....can u please tell me how u took those data ? i have cdax and i was trying to get the sales in the price ranges but i didnt have that option.hehehe.don't tell me u added up all of the trades one by one

ABEST · 7 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 4:15 pm

ABEST

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i think 10.00 rupees different is normal, but, this time it is take 20.00 rupees different, LGL X must move at least 10.00(to 40.00 form now)

aga.sanjeewa · 8 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 5:15 pm

aga.sanjeewa

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Dear barney,
use www.cse.lk and click Daily Trades .
Daily Trades Quick Search
Enter Symbol or Company Name for which you require information (eg. ABC PRIVATE LTD or ABC). The names that match your text will be listed down for selection. You need to type at least three consecutive letters.

you can find daily tradings. bellow the table you can see

Export as: CSV | Excel | XML

you have to use Excel version
you know have to use Excel

suja · 9 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 6:56 pm

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X share should trade at 30-40% discount to the voting I guess as is in many cases , investors are really interested in voting shares and the other traders will be busy with non voting.

Rajaraam · 10 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 7:04 pm

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ABEST wrote:i think 10.00 rupees different is normal, but, this time it is take 20.00 rupees different, LGL X must move at least 10.00(to 40.00 form now)

It will

bakapandithaya · 11 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 7:39 pm

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Rajaraam wrote:

ABEST wrote:i think 10.00 rupees different is normal, but, this time it is take 20.00 rupees different, LGL X must move at least 10.00(to 40.00 form now)

It will

Yes, should be 10 diff

rcharindu · 12 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 7:48 pm

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suja wrote:X share should trade at 30-40% discount to the voting I guess as is in many cases , investors are really interested in voting shares and the other traders will be busy with non voting.

It should trade 65% discount to the voting if we take the IPO prices [(15/23)*100=65]
Now voting trading @ 50's,So X value should be 32.50 [(65*50)/100=32.5]
Voting Is collected in big quantities around 40-43 range during past few weeks,Most of the time 25,000 lots.I hope this time it will brake the 60 barrier.

invest-abc · 13 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 10:07 pm

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rcharindu wrote:

suja wrote:X share should trade at 30-40% discount to the voting I guess as is in many cases , investors are really interested in voting shares and the other traders will be busy with non voting.

It should trade 65% discount to the voting if we take the IPO prices [(15/23)*100=65]
Now voting trading @ 50's,So X value should be 32.50 [(65*50)/100=32.5]
Voting Is collected in big quantities around 40-43 range during past few weeks,Most of the time 25,000 lots.I hope this time it will brake the 60 barrier.

We must remember that LGL.X has the same benefits to it's share holders other than voting rights. In terms of dividend yield and ROI...LGL.X is very attractive at the moment. Usually bigger investors would pay a premium price to collect LGL.N to cover their interest on voting rights.

mark · 14 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 11:25 pm

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LGL X may touch its real value in near days as to comply with LGL N price...
as the run we saw today,there is high possibility to gain one or two rupees in LGL X on Monday.

IPO price
LGL N-23
LGL X-15
Gap-8Rs

today price
LGL N-50
LGL X-30
Gap-20Rs

seems safe is LGL X.

mission · 15 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 11:41 pm

mission

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mark wrote:LGL X may touch its real value in near days as to comply with LGL N price...
as the run we saw today,there is high possibility to gain one or two rupees in LGL X on Monday.

IPO price
LGL N-23
LGL X-15
Gap-8Rs

today price
LGL N-50
LGL X-30
Gap-20Rs

seems safe is LGL X.

U shouldn't compare the price gap as an absolute value.. it should be in percentage terms which in order would give a realistic view.

In the IPO they have priced LGL.X at a discount of around 34.78%

Assuming it should trade along that range then the Price Should be = 50*65.22% = Rs 32.60 (approximately 33)

Just my view.

mark · 16 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 11:46 pm

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mission wrote:

mark wrote:LGL X may touch its real value in near days as to comply with LGL N price...
as the run we saw today,there is high possibility to gain one or two rupees in LGL X on Monday.

IPO price
LGL N-23
LGL X-15
Gap-8Rs

today price
LGL N-50
LGL X-30
Gap-20Rs

seems safe is LGL X.

U shouldn't compare the price gap as an absolute value.. it should be in percentage terms which in order would give a realistic view.

In the IPO they have priced LGL.X at a discount of around 34.78%

Assuming it should trade along that range then the Price Should be = 50*65.22% = Rs 32.60 (approximately 33)

Just my view.

CORRECT,regardless of discount or bla bla....prices will be depend on supply and demand... Smile

barney · 17 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 1:15 am

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@misson......i agree with ur point. we have to talk about the discount with respect to IPO price.

invest-abc · 18 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 9:33 am

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Why LGL.X is not moving like LGL.N? Untitl10

gayannadeeka · 19 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 9:47 am

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Monday LGL X sure hit 40.00

mission · 20 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 11:45 am

mission

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Retail LP gas seller Laugfs Gas, which accounted for 42 percent of the day’s turnover and 22.9 percent of volume, closed 17.80 percent firmer at Rs. 48.30 on speculation that state-run Litro gas management would be handed over to it.
A Laugfs spokesman said there was no such move.[b]

http://www.ft.lk/2011/10/08/stocks-recover-from-10-wk-low-telcos-lead/

suja · 21 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 12:45 pm

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Then why is EPF buying? they might know something better than this spoksman. Anyway the people inside the company can not disclose these things before the deal occurs. Please advice, if this happens then laughs will be close to monopoly which is going to be the biggest news.

invest-abc · 22 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 2:44 pm

invest-abc

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mission wrote:
Retail LP gas seller Laugfs Gas, which accounted for 42 percent of the day’s turnover and 22.9 percent of volume, closed 17.80 percent firmer at Rs. 48.30 on speculation that state-run Litro gas management would be handed over to it.
A Laugfs spokesman said there was no such move.[b]

http://www.ft.lk/2011/10/08/stocks-recover-from-10-wk-low-telcos-lead/

This is a big news if it's true Surprised

...anyway even if it's true there is no way that a spokesman from Laughs could disclose anything till it's officially announced Cool

. But, if it's true insiders must have already collected massive lots..... Crying or Very sad

Jana1 · 23 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 4:28 pm

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LGL.N0000 is being collected by sum big fish. LGL.X0000 try to follow. Dont have much hope in this rally on .X0000. But .N0000 will rocket next week. No doubt. Who ever collected atleast 50 level on friday can gain atleast 10%. Based on the buying pattern.

barney · 24 Re: Why LGL.X is not moving like LGL.N? Mon Oct 10, 2011 12:10 pm

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gayannadeeka wrote:Monday LGL X sure hit 40.00

hehehe. yep.Monday(today) it hit ! but not 40...it hit 27

and thanks aga.sanjeewa...

Last edited by barney on Mon Oct 10, 2011 1:07 pm; edited 1 time in total

009008 · 25 Re: Why LGL.X is not moving like LGL.N? Mon Oct 10, 2011 12:22 pm

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barney wrote:

gayannadeeka wrote:Monday LGL X sure hit 40.00

hehehe. yep.Monday(today) it hit ! but not 40...it hit 27

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Why LGL.X is not moving like LGL.N?

1 Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 2:57 pm

wcwchamara

2 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:00 pm

wcwchamara

3 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:15 pm

kam2011

4 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:17 pm

hariesha

5 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 3:29 pm

aga.sanjeewa

6 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 4:11 pm

barney

7 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 4:15 pm

ABEST

8 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 5:15 pm

aga.sanjeewa

9 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 6:56 pm

suja

10 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 7:04 pm

Rajaraam

11 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 7:39 pm

bakapandithaya

12 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 7:48 pm

rcharindu

13 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 10:07 pm

invest-abc

14 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 11:25 pm

mark

15 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 11:41 pm

mission

16 Re: Why LGL.X is not moving like LGL.N? Fri Oct 07, 2011 11:46 pm

mark

17 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 1:15 am

barney

18 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 9:33 am

invest-abc

19 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 9:47 am

gayannadeeka

20 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 11:45 am

mission

21 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 12:45 pm

suja

22 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 2:44 pm

invest-abc

23 Re: Why LGL.X is not moving like LGL.N? Sat Oct 08, 2011 4:28 pm

Jana1

24 Re: Why LGL.X is not moving like LGL.N? Mon Oct 10, 2011 12:10 pm

barney

25 Re: Why LGL.X is not moving like LGL.N? Mon Oct 10, 2011 12:22 pm

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