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Sri Lanka Equity Forum » Stock Market Talk » Expert Chamber » Who have experience in long term investments?

Who have experience in long term investments?

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1Who have experience in long term investments? - Page 2 Empty Who have experience in long term investments? on Sat Nov 12, 2011 12:51 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
First topic message reminder :

Is there any of you who have experience in long term investments?

Guys if so please share your experiences. We have heard many success stories, is there some one who had been affected by long term investment?



Last edited by rijayasooriya on Sat Nov 12, 2011 12:57 am; edited 1 time in total (Reason for editing : title shortened.)


Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Loosing commonwealth games may negatively affect JKH and this effect may be strong enough to drag the market to red territory. Just my idea. Don't make your investment decision on this.

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@smallville wrote:Here's something for the children who dont understand the value of long term investments..

I've taken these from Mr. Dilruk's (Richard Peiris Securities) presentations on "Mastering the skills of trading"...
So my utmost gratitude goes to him and the broker company for their hard work..

My intention of publishing some of the pages here are only for members knowledge and not to promote any broker company..

Who have experience in long term investments? - Page 2 Jkh-gr10

Who have experience in long term investments? - Page 2 Jkh-fr10

Who have experience in long term investments? - Page 2 Hnb-fr10

Who have experience in long term investments? - Page 2 Guar-f10

Who have experience in long term investments? - Page 2 Dfcc-g10

This is very illustrative, especially those brats who think "Long term investments are mistakes of Short term investments". Those who can't think any thing beyond plantations, we can't help Twisted Evil

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Not only above individual experience, If we look at how some institutions gain massively from investment in equity, we'll be able to see the clear story

Few examples-
-RICH invested in AAIC at Rs.20 and recently disposed at 120 within 6-7 years.
-KDDP invested in REEF when it was 1-2 rupees(before consolidation, 1/- share) and we know at which price he sold.
-Lanka-Bangla investment by SAMP- Their initial investment was only 60 million rupees, and we saw it consistently strengthened SAMP balance sheet in past couple of years and will be in future.

But some of us waiting till a so called "Rally" make them millionaires in overnight

Dr.Bubble


Senior Equity Analytic
Senior Equity Analytic
@Kumar wrote:Why we can't move this to Expert chamber?
Valuable argument is going on no?

didn't quibi offered you the moderatorship (@moderators topic implies).. Very Happy

Rajitha


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Values I posted are accounting for splits I mentioned and as it should be! That gives a right picture of price ! IF not some one might say I bought Rich at rs 120 and now its rs 10 I lost billions!

Also as I have said all of you again forgot the 2009 RULE! Show me gains of long term investments before 2009! I will show you an example of investing outside stock exchange!
My father bought a land in kandy in year 1999 for 120000! by year 2009 the estimated and people calling and asking price of land was Rs 2000000!(Now about 1800000) That was a 16x gain in 10 years!
IF you put the cash at a treasury bill in year 1990 and took it around 2000 you would have gained 6x!!

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@WildBear wrote:Not only above individual experience, If we look at how some institutions gain massively from investment in equity, we'll be able to see the clear story

Few examples-
-RICH invested in AAIC at Rs.20 and recently disposed at 120 within 6-7 years.
-KDDP invested in REEF when it was 1-2 rupees(before consolidation, 1/- share) and we know at which price he sold.
-Lanka-Bangla investment by SAMP- Their initial investment was only 60 million rupees, and we saw it consistently strengthened SAMP balance sheet in past couple of years and will be in future.

But some of us waiting till a so called "Rally" make them millionaires in overnight

Those are really bad examples m8 and are great for the point I'm making! For example If you bought reef before 1st mandatory offer hold 1 month sold then again buy before 2nd mandatory offer and sold you could have earned more than 2x the amount of holding it for over 5 years period!

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Kumar wrote:Why we can't move this to Expert chamber?
Valuable argument is going on no?
Very interesting topic. Moved to expert chamber.

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Academic wrote:
Loosing commonwealth games may negatively affect JKH and this effect may be strong enough to drag the market to red territory. Just my idea. Don't make your investment decision on this.
Can you explain it more in detail please! How loosing commonwealth games could effect negative for JKH. scratch

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Rajitha wrote:
@WildBear wrote:Not only above individual experience, If we look at how some institutions gain massively from investment in equity, we'll be able to see the clear story

Few examples-
-RICH invested in AAIC at Rs.20 and recently disposed at 120 within 6-7 years.
-KDDP invested in REEF when it was 1-2 rupees(before consolidation, 1/- share) and we know at which price he sold.
-Lanka-Bangla investment by SAMP- Their initial investment was only 60 million rupees, and we saw it consistently strengthened SAMP balance sheet in past couple of years and will be in future.

But some of us waiting till a so called "Rally" make them millionaires in overnight

Those are really bad examples m8 and are great for the point I'm making! For example If you bought reef before 1st mandatory offer hold 1 month sold then again buy before 2nd mandatory offer and sold you could have earned more than 2x the amount of holding it for over 5 years period!

The topic is about "Long term investing" and not about "Swing Trading".

Dr.Bubble

Dr.Bubble
Senior Equity Analytic
Senior Equity Analytic
@Rajitha wrote:Values I posted are accounting for splits I mentioned and as it should be! That gives a right picture of price ! IF not some one might say I bought Rich at rs 120 and now its rs 10 I lost billions!

Also as I have said all of you again forgot the 2009 RULE! Show me gains of long term investments before 2009! I will show you an example of investing outside stock exchange!
My father bought a land in kandy in year 1999 for 120000! by year 2009 the estimated and people calling and asking price of land was Rs 2000000!(Now about 1800000) That was a 16x gain in 10 years!
IF you put the cash at a treasury bill in year 1990 and took it around 2000 you would have gained 6x!!

hi RAJITHA,you are an less experience guy in CSE,you have a long way to go..im sure you are a just a new comer to CSE who seen only the BULL... lolzzzzzzzzzz

learn well bro, experience worth than knowledge in current mkt..which is less in you Very Happy

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
My view is that, short term will be a winning technique for some people and long term will be a winning technique for some others.

When we go long term the chances of getting a better profit than FD increases. Winning percentage would be high.

But in short term similar or better profit can be gained if we sell and buy at the right time. But chances of archiving this is far less.

sriranga

sriranga
Co-Admin
@ccsentha wrote:My view is that, short term will be a winning technique for some people and long term will be a winning technique for some others.

When we go long term the chances of getting a better profit than FD increases. Winning percentage would be high.

But in short term similar or better profit can be gained if we sell and buy at the right time. But chances of archiving this is far less.

Hi ccsentha,
I really thankful to you for this topic at this precise moment.
We had seen some healthy comments from our members.
Good luck.

http://sharemarket-srilanka.blogspot.co.uk/

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rajitha wrote:Values I posted are accounting for splits I mentioned and as it should be! That gives a right picture of price ! IF not some one might say I bought Rich at rs 120 and now its rs 10 I lost billions!

Also as I have said all of you again forgot the 2009 RULE! Show me gains of long term investments before 2009! I will show you an example of investing outside stock exchange!
My father bought a land in kandy in year 1999 for 120000! by year 2009 the estimated and people calling and asking price of land was Rs 2000000!(Now about 1800000) That was a 16x gain in 10 years!
IF you put the cash at a treasury bill in year 1990 and took it around 2000 you would have gained 6x!!
Investing on land or property may not work all the time. It depends on the time we invest ( like stock market). I purchased a land in late 2008 in Colombo suburbs for 3.2 million. But still my land value is stagnated at the same value. If I invest that amount in Stock market at that time, I would have earned many times for my investment. However, I didn't mean that investing on land or property is a bad option.

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
And as a short term investor we would need to spend a lot of time with share market, but in long term investment we can afford to spend little more less time with share market, thus we will be able concentrate on other aspects of our careers.

I would prefer long term investment.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rajitha wrote: Also as I have said all of you again forgot the 2009 RULE! Show me gains of long term investments before 2009!
If you were an investor prior to 2009
HNB 2005 you could buy the share for Rs 52.50
HNB 2007 you could sell the same share for Rs 210.00

During this time there was a right issue of 2:5 for Rs 55 as well.

Its over X3 times gain in less than two years time.
If you need more........ just check DIST as well.

If you were a trader prior to 2009
Those days if you had played with touchwood correctly you could have been always end up in good results in short periods.

Didn't you see any of the above posts before crying like a new born child.. Laughing Hope you wont ask silly questions again again and again..!

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Kithsiri wrote:
@rijayasooriya wrote:Please consider the deflation of rupee value when reading these stories.
ඒ කාලේ සීයකින් කරපු වැඩ දැන් ලක්ෂයකින් කරන්නත් බැහැ නොවැ... Wink

I bought NTB @ 18 but I am still not in a mood to retire or give my daughter away in marriage.

Will the history be repeated (The elderly gentleman’s story) in a few years time when it comes to me for both those actions?

I am very sceptical as way the things are running in this country at the moment, unless we see a great change soon. Rolling Eyes

Hold onto NTB not issue there. Hope that in the future you can repeat the same story. Good luck.

Ps: BTW, I was trying to remember who told that story. It could well be Chinwi.

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rajitha wrote: Also as I have said all of you again forgot the 2009 RULE! Show me gains of long term investments before 2009! I will show you an example of investing outside stock exchange!
My father bought a land in kandy in year 1999 for 120000! by year 2009 the estimated and people calling and asking price of land was Rs 2000000!(Now about 1800000) That was a 16x gain in 10 years!
IF you put the cash at a treasury bill in year 1990 and took it around 2000 you would have gained 6x!!

DISTILLERIES cost merely Rs 5.00 in 2001
Selling price was Rs 130.00 in 2007.

26X times in 6 years.!

Any more questions?

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Rajitha wrote:Values I posted are accounting for splits I mentioned and as it should be! That gives a right picture of price ! IF not some one might say I bought Rich at rs 120 and now its rs 10 I lost billions!



Seriously, what on earth are you talking about? If some bought 100 shares of RICH at RS 150 and he got a split 15 for 1 share, then the value of each now will be Rs 10 a share. Also the same person will own 15 TIMES more shares.

Who is crazy to say, I bought 100 shares at Rs 150, now it is Rs 10 and poor me I lost 93%!

And conveniently forgets to disclose that you own 1500 shares now instead of 100 when you first bought. `

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Very intersting post, I also have experiance as long term investor. I bought CARS and BUKI in 2007, I can remmber CARS i bought @ 1900 and BUKI @ 850, but very few qty. Thoseday very diffult to aford these investment. today see the value... ( in between there were attractive splits from both counters)

Yes u can argue that this substantial price rise due to illiquid nature of share, Yes can be... But being as long term investors, u gain substaial value with good sleeping.

rijayasooriya

rijayasooriya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
@Rajitha wrote:Values I posted are accounting for splits I mentioned and as it should be! That gives a right picture of price ! IF not some one might say I bought Rich at rs 120 and now its rs 10 I lost billions!



Seriously, what on earth are you talking about? If some bought 100 shares of RICH at RS 150 and he got a split 15 for 1 share, then the value of each now will be Rs 10 a share. Also the same person will own 15 TIMES more shares.

Who is crazy to say, I bought 100 shares at Rs 150, now it is Rs 10 and poor me I lost 93%!

And conveniently forgets to disclose that you own 1500 shares now instead of 100 when you first bought. `
I think Rajitha has tried to mention that he had considered spliting for his previous posts.To prove that he might have got that example of RICH.(He said IF not meaning if splitting has not been considered.)
What Rajitha lack is the experience which is one of the most valuable thing in stock market(actually everywhere.)

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@rijayasooriya wrote:
@slstock wrote:
@Rajitha wrote:Values I posted are accounting for splits I mentioned and as it should be! That gives a right picture of price ! IF not some one might say I bought Rich at rs 120 and now its rs 10 I lost billions!



Seriously, what on earth are you talking about? If some bought 100 shares of RICH at RS 150 and he got a split 15 for 1 share, then the value of each now will be Rs 10 a share. Also the same person will own 15 TIMES more shares.

Who is crazy to say, I bought 100 shares at Rs 150, now it is Rs 10 and poor me I lost 93%!

And conveniently forgets to disclose that you own 1500 shares now instead of 100 when you first bought. `
I think Rajitha has tried to mention that he had considered spliting for his previous posts.To prove that he might have got that example of RICH.(He said IF not meaning if splitting has not been considered.)
What Rajitha lack is the experience which is one of the most valuable thing in stock market(actually everywhere.)


Yes that maybe the case as I also see it but then same fact I mentioned hold. We cannot talk share value while forgetting share quantity increases.

If the face values mentioned are considering after splits , then we should also consider the capital gains by the increase of the number of shares held.



Academic


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Monster wrote:
@Academic wrote:
Loosing commonwealth games may negatively affect JKH and this effect may be strong enough to drag the market to red territory. Just my idea. Don't make your investment decision on this.
Can you explain it more in detail please! How loosing commonwealth games could effect negative for JKH. scratch

Please see my post in http://forum.srilankaequity.com/t11550-expert-chamber

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@UKboy wrote:
@Rajitha wrote: Also as I have said all of you again forgot the 2009 RULE! Show me gains of long term investments before 2009! I will show you an example of investing outside stock exchange!
My father bought a land in kandy in year 1999 for 120000! by year 2009 the estimated and people calling and asking price of land was Rs 2000000!(Now about 1800000) That was a 16x gain in 10 years!
IF you put the cash at a treasury bill in year 1990 and took it around 2000 you would have gained 6x!!

DISTILLERIES cost merely Rs 5.00 in 2001
Selling price was Rs 130.00 in 2007.

26X times in 6 years.!

Any more questions?

This Rajitha boy is still new to the market and probably left school recently, though he posts like a Capital Market Guru.He is in ealrly stages of his learning curve. So let's give him some more time to learn these things.

Properties of some areas appreciated more rapidly than other areas due to some special reasons; I think as Monster explained most of the forum members know we had a property bubble created in 2002-2007 and what happened after 2008, some property companies are still recovering, and the land value in Colombo Suberbs are still stagnating except some commercial prime lands. If you read something on History of CSE, and Sri Lanka economic performance, It's obvious that in General, Stocks Outperformed other asset classes during past 30 years as well as past 3 years.

amilaela

amilaela
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
thanks for ur post

https://www.facebook.com/profile.php?id=100001851586843

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Academic wrote:
@Monster wrote:
@Academic wrote:
Loosing commonwealth games may negatively affect JKH and this effect may be strong enough to drag the market to red territory. Just my idea. Don't make your investment decision on this.
Can you explain it more in detail please! How loosing commonwealth games could effect negative for JKH. scratch

Please see my post in http://forum.srilankaequity.com/t11550-expert-chamber

Being an academic you simply fall in to the expert category, So please Contribute; Otherwise apprentice brats like Rajitha will bravely talk nonsense all the time. Very Happy

By the way I am not an expert at all on capital markets and my field is different, I have only around 10 years experience of Capital Markets which I started when I was a University Student.

sriranga

sriranga
Co-Admin
Please see the following link
http://forum.srilankaequity.com/t12425-brainteaser-quiz-result-cic-company-detail-updated#82334
You can see how much CIC shares volume appreciated due to bonus/right shares issued in the relevant period.
Do the calculation, may be you'll be surprised how much capital gain those investors could have?

http://sharemarket-srilanka.blogspot.co.uk/

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
Any one else got experience with investing for 5-10 or more years?

econ

econ
Global Moderator
if the prices of my shares have gone down drastically, then that investment automatically would become long term investment since I do not want lose my capital. Very Happy

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I reproduce here a comment I made in another topic.
(http://forum.srilankaequity.com/t18935-citk-crossing#124237)


In 1980s a Company ( I think it is BUKI) was trading around 17 Rupees in CSE.
They started a plantation of palm oil in 5000 Ha land in Malaysia. For next 4 years they reported losses and negative PER. People who consider PER for their all decisions had no interest in this loss making company.

There were few smart guys who read reports carefully and studied the nature of businesses of the companies they buy. They realized the huge future potential of that particular share and collected in quantities each month using their salary savings.

After 5 years of planting, the company had 5000 ha of mature palm trees bringing them millions .

After some years, the share price in CSE rose to Rs. 22,000/-.
( 1 share traded at twenty two thousand)
Later they split it (bonus) several times to make it liquid.

Imagine a person who bought only 100 shares by investing 1,800 was able to get 2.2 million in few years time. ( I cannot remember the dates).

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@Chinwi wrote:I reproduce here a comment I made in another topic.
(http://forum.srilankaequity.com/t18935-citk-crossing#124237)


In 1980s a Company ( I think it is BUKI) was trading around 17 Rupees in CSE.
They started a plantation of palm oil in 5000 Ha land in Malaysia. For next 4 years they reported losses and negative PER. People who consider PER for their all decisions had no interest in this loss making company.

There were few smart guys who read reports carefully and studied the nature of businesses of the companies they buy. They realized the huge future potential of that particular share and collected in quantities each month using their salary savings.

After 5 years of planting, the company had 5000 ha of mature palm trees bringing them millions .

After some years, the share price in CSE rose to Rs. 22,000/-.
( 1 share traded at twenty two thousand)
Later they split it (bonus) several times to make it liquid.

Imagine a person who bought only 100 shares by investing 1,800 was able to get 2.2 million in few years time. ( I cannot remember the dates).

mmm...interesting one......hope we can get to know more real stories like this.

which will help our investor to make value investing

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
Guys any one got any other similar real stories?

what are the shares with similar potential in current CSE?

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
But I met a local Buffet who has no idea of stock market, .but bought HNB shares years ago and now worth few millions. he still keeps it, and for him it will appreciate further if he holds further as he had done up to now. the difference is he is rich enough to hold those things as investment

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
මට තවත් එකක් මතක් උනා. මේක සිංහලෙන් ලියන්නම්. හැබැයි මම කලිනුත් ලියල තියෙනවා.

වසර: 1987 ( පමණ) අත්දැකීම: මගේ මයි. (chinwi)

සම්පත් බැංකුව මුලික නිකුතුව කළේ 8/- ගානේ. බැංකුව හොඳින් දියුණු උනා. වසරකින් එකහමාරකින් විතර කොටස් මිල 20 - 21 ට නැගල ගියා.

මෙන්න ඔවුන් 1:1 ක් හිමිකම් (rights ) නිකුතුවක් නිවේදනය කළා රු. 10/-. බැගින්.
නිකුතුව 1:1 නිසා කොටස් මිල කඩාගෙන වැටුන ආපහු 10 ටම.
මිනිස්සු පලු යන්න බනින්න පටන් ගත්ත.

මම මොනවද මේ කොටස් කියන්නේ, කොහොමද ඒවා ගන්නේ කියල හොයාගෙන කොළඹ ගිහින් බ්‍රෝකර් කොම්පැනියක් හෙව්වා. එවකට ප්‍රසිද්ධව තිබුනේ N .U .ජයවර්දන මහතා ගේ මර්කන්ටයිල් ස්ටොක් බ්‍රෝකර් සමාගම. තිබුනේ කොටුවේ ජනාධිපති මන්දිරය අසල ( අරලිය ගහ නොවේ) ඔරලෝසු කනුව එහෙමෙ තියෙන්නේ. ( දැන් ඒක තමයි ආශා පිලිප් උනේ. නම Asha Phillip උනාට ඒකේ කෝඩ් එක MSB කියල ලියන්නේ ඇයිද කියල දැන් හිතා ගන්න පුළුවන් නේ)

මම කලින්ම හිතාගෙන ගියා සම්පත් මිල අඩු උන නිසා එක තමයි ඉස්සෙල්ලම ගන්නේ කියල. රුපියල් 15,000 ක් අරන් ගියේ. (සල්ලි නැති නිසා SAMP IPO එක මිස් උන මට මේ මිල අඩුවීම නියම චාන්ස් එකක් උනා.)

ඉතින් ගිහිල්ල ඉල්ලුවම මෙන්න කියපි නෝනා කෙනෙකුගේ රයිට් වගයක් තියෙනවා. 1760 ක් ඒක ගන්න කියල. ( නෝනා සත දහය ගානේ රයිට් ටික විකුනන්නේ) මට ගෙවන්න වෙනවා එකකට රුපියල් 10 යි සත 10 යි.
ඒ කාලේ මේ වගේ CDS , කොම්පියුටර් නැහැ. නෝනා අත්සන් කරලා තියෙන රෝනියෝ කරලා තියෙන කොලේ මමත් අත්සන් කරලා සල්ලි ගෙවන්න වෙනවා.
රයිට් කියන්නේ මොනවද කියල වත් මම දන්නෙ නැහැ. ඒවා ගත්තම කොටස් ලැබෙනවා කිව්වා.
මම කිව්වා කොටස් 1500 ක් දෙන්න කියල.
එතන හිටපු ගොය්ය කියපි මොකක්ද 17,600 ක් නේ යන්නේ මේක කඩන්නේ නැතුව ඔක්කොම ගන්න කියල. කැඩුවොත් නෝනව හොයාගෙන ගෙදර ගිහිල්ල කොළ දෙකක අත්සන් ගන්න වෙනවලු. එදා අන්තිම දවස.
අවුරුදු 2 ක් විතර රස්සාව කරලා මගේ සන්තකයේ තියෙන්නේ 15,000 යි.
එතන ගිහින් ඉන්න කොට පේනවා මහත්තුරු ඇවිත් දාස් ගණන් ගනුදෙනු කරනවා.
මට දාඩියත් දා ගෙන ආව.
දැන් ඉතින් මොනවා කරන්නද. ගෙදර යන්නත් හිතුන. එත් ලැජ්ජයි. ලස්සන ගැණු ළමයිත් එතන හිටිය. මමත් ඉතින් කොලු වයස නේ.
මම කළ වැඩේ 17 දාස් ගානටම චෙක් එකක් ලියල දීල වැඩේ කරලා කොළඹ නවතින්නේ නැතුව එදාම හවස ඉක්මනට රාජකාරි කරපු ප්‍රදේශයට ගියා. ( සැතපුම් 100 ක් විතර දුර ) පස්සෙන්ද උදේම තව 3,000 ක් හොයාගෙන අකවුන්ට් එකට දැම්ම. අර දුන්න චෙක් එක එන්න කලින්.

ඔන්න ඉතින් මම ත් දැන් SAMP 1760 ක කොටස් හිමියෙක්.

ඊට මාස කිහිපයකට පස්සේ SAMP මිල 60/- ට ගියා.
ඉන්පසුව වරින් වර බෝනස් , රයිට් ආව.

මගේ ගත් මිල 17,600.
බෝනස්, රයිට් එක්ක SAMP මිල ඉහල ගිය එක වසරක එහි වටිනාකම තිබුන මිලියන් 1.6 ක් විතර .- මතක විදියට.

දැන් නම් ඒවා විකුණලා ගොඩක් කල්.
හැබැයි ලද අත්දැකීම් නම් තාම විකුණලා නැහැ.
අඹුවගෙන් බැනුම් අහමින් නිදි මරාගෙන ටයිප් කර කර නිකන් දෙනවා , මේ වගේ.

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p.s.

අර මදි උන තුන් දාහ ඉල්ලා ගත්තේ මගේ 1st ලවු එක ගෙන්.
එයා පස්සේ මගේ 1st wife උනා .

1st කිව්වට තාමත් ඉන්නේ ඒ අම්මන්ඩිම තමයි.

අර කොටස් වල වටිනාකම නැග්ග ප්‍රමානයට අනුලෝමව එයාගේ වටිනාකම කෙසේ වෙතත් සයිස් එක නම් වැඩි උනා.
3000 දෙනකොට හිටපු කෙට්ටු පරානේ දැන් ලොරි බාගයක් සයිස්.
ඒකයි අම්මන්ඩි කිව්වේ.
රෑ නිදි මරාගෙන මේවා ලියනකොට බනින්නේ එයා තමයි.
මං කසාද බැඳලා තියෙන්නේ කොම්පියුටරේ ලු.

Thank you

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
මට තව සිධියක් මතක් උනා . මුහුද අයිනේ කාමර 17 ක හොටෙල් එකක් DOCK නිසා ඉතා අඩු ගානට ලබා ගන්නට වාසනාවන්ත වුන කෙනෙක් ගැන. අද රැට එක ගැන ලියන්නම්.

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Chinwi.. Classy examples bro.. keep it up..

BTW.. u should be an author.. Nice writing style.. Smile

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

Fantastic. Keep up the good stories and the writing style.

@Chinwi wrote:මට තවත් එකක් මතක් උනා. මේක සිංහලෙන් ලියන්නම්. හැබැයි මම කලිනුත් ලියල තියෙනවා.

වසර: 1987 ( පමණ) අත්දැකීම: මගේ මයි. (chinwi)

සම්පත් බැංකුව මුලික නිකුතුව කළේ 8/- ගානේ. බැංකුව හොඳින් දියුණු උනා. වසරකින් එකහමාරකින් විතර කොටස් මිල 20 - 21 ට නැගල ගියා.

මෙන්න ඔවුන් 1:1 ක් හිමිකම් (rights ) නිකුතුවක් නිවේදනය කළා රු. 10/-. බැගින්.
නිකුතුව 1:1 නිසා කොටස් මිල කඩාගෙන වැටුන ආපහු 10 ටම.
මිනිස්සු පලු යන්න බනින්න පටන් ගත්ත.

මම මොනවද මේ කොටස් කියන්නේ, කොහොමද ඒවා ගන්නේ කියල හොයාගෙන කොළඹ ගිහින් බ්‍රෝකර් කොම්පැනියක් හෙව්වා. එවකට ප්‍රසිද්ධව තිබුනේ N .U .ජයවර්දන මහතා ගේ මර්කන්ටයිල් ස්ටොක් බ්‍රෝකර් සමාගම. තිබුනේ කොටුවේ ජනාධිපති මන්දිරය අසල ( අරලිය ගහ නොවේ) ඔරලෝසු කනුව එහෙමෙ තියෙන්නේ. ( දැන් ඒක තමයි ආශා පිලිප් උනේ. නම Asha Phillip උනාට ඒකේ කෝඩ් එක MSB කියල ලියන්නේ ඇයිද කියල දැන් හිතා ගන්න පුළුවන් නේ)

මම කලින්ම හිතාගෙන ගියා සම්පත් මිල අඩු උන නිසා එක තමයි ඉස්සෙල්ලම ගන්නේ කියල. රුපියල් 15,000 ක් අරන් ගියේ. (සල්ලි නැති නිසා SAMP IPO එක මිස් උන මට මේ මිල අඩුවීම නියම චාන්ස් එකක් උනා.)

ඉතින් ගිහිල්ල ඉල්ලුවම මෙන්න කියපි නෝනා කෙනෙකුගේ රයිට් වගයක් තියෙනවා. 1760 ක් ඒක ගන්න කියල. ( නෝනා සත දහය ගානේ රයිට් ටික විකුනන්නේ) මට ගෙවන්න වෙනවා එකකට රුපියල් 10 යි සත 10 යි.
ඒ කාලේ මේ වගේ CDS , කොම්පියුටර් නැහැ. නෝනා අත්සන් කරලා තියෙන රෝනියෝ කරලා තියෙන කොලේ මමත් අත්සන් කරලා සල්ලි ගෙවන්න වෙනවා.
රයිට් කියන්නේ මොනවද කියල වත් මම දන්නෙ නැහැ. ඒවා ගත්තම කොටස් ලැබෙනවා කිව්වා.
මම කිව්වා කොටස් 1500 ක් දෙන්න කියල.
එතන හිටපු ගොය්ය කියපි මොකක්ද 17,600 ක් නේ යන්නේ මේක කඩන්නේ නැතුව ඔක්කොම ගන්න කියල. කැඩුවොත් නෝනව හොයාගෙන ගෙදර ගිහිල්ල කොළ දෙකක අත්සන් ගන්න වෙනවලු. එදා අන්තිම දවස.
අවුරුදු 2 ක් විතර රස්සාව කරලා මගේ සන්තකයේ තියෙන්නේ 15,000 යි.
එතන ගිහින් ඉන්න කොට පේනවා මහත්තුරු ඇවිත් දාස් ගණන් ගනුදෙනු කරනවා.
මට දාඩියත් දා ගෙන ආව.
දැන් ඉතින් මොනවා කරන්නද. ගෙදර යන්නත් හිතුන. එත් ලැජ්ජයි. ලස්සන ගැණු ළමයිත් එතන හිටිය. මමත් ඉතින් කොලු වයස නේ.
මම කළ වැඩේ 17 දාස් ගානටම චෙක් එකක් ලියල දීල වැඩේ කරලා කොළඹ නවතින්නේ නැතුව එදාම හවස ඉක්මනට රාජකාරි කරපු ප්‍රදේශයට ගියා. ( සැතපුම් 100 ක් විතර දුර ) පස්සෙන්ද උදේම තව 3,000 ක් හොයාගෙන අකවුන්ට් එකට දැම්ම. අර දුන්න චෙක් එක එන්න කලින්.

ඔන්න ඉතින් මම ත් දැන් SAMP 1760 ක කොටස් හිමියෙක්.

ඊට මාස කිහිපයකට පස්සේ SAMP මිල 60/- ට ගියා.
ඉන්පසුව වරින් වර බෝනස් , රයිට් ආව.

මගේ ගත් මිල 17,600.
බෝනස්, රයිට් එක්ක SAMP මිල ඉහල ගිය එක වසරක එහි වටිනාකම තිබුන මිලියන් 1.6 ක් විතර .- මතක විදියට.

දැන් නම් ඒවා විකුණලා ගොඩක් කල්.
හැබැයි ලද අත්දැකීම් නම් තාම විකුණලා නැහැ.
අඹුවගෙන් බැනුම් අහමින් නිදි මරාගෙන ටයිප් කර කර නිකන් දෙනවා , මේ වගේ.

---
p.s.

අර මදි උන තුන් දාහ ඉල්ලා ගත්තේ මගේ 1st ලවු එක ගෙන්.
එයා පස්සේ මගේ 1st wife උනා .

1st කිව්වට තාමත් ඉන්නේ ඒ අම්මන්ඩිම තමයි.

අර කොටස් වල වටිනාකම නැග්ග ප්‍රමානයට අනුලෝමව එයාගේ වටිනාකම කෙසේ වෙතත් සයිස් එක නම් වැඩි උනා.
3000 දෙනකොට හිටපු කෙට්ටු පරානේ දැන් ලොරි බාගයක් සයිස්.
ඒකයි අම්මන්ඩි කිව්වේ.
රෑ නිදි මරාගෙන මේවා ලියනකොට බනින්නේ එයා තමයි.
මං කසාද බැඳලා තියෙන්නේ කොම්පියුටරේ ලු.

Thank you

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
This is a story about a lucky and intelligent person who used his fortunes in stock market to buy a hotel.

I cannot remember the name, year , exact figures, location etc.

About 2 or 3 decades ago, Colombo Dockyard was mostly owned by the Govt. and they sold a part of it to a Japanese party to bring them into the management. Rest was with the public, trading in CSE .

As I recall, it was trading @ 15/- or around 20/-.

One morning, we got a news; to expand its capacity, they announced 4 rights @ 10/- for 1 existing share.

That means, if you had 1000 shares by investing 15,000, suddenly you had to find money for 4000 rights @ 10. ( 40,000/-)

Reacting to this news of big dilution, share price dropped to 10/-.
As in the SAMP case people started shouting everywhere. ( Fortunately no blogs those days :-) ) Expecting further drop, many retailers panicked and rushed to sell their holding at least @ 10/-

Rights issue was not successful , as everybody expected.

The person I wanted to highlight here was a novice to the market, had 500 DOCK shares. As such, his entitlement was 2000 rights.

Acting in contrast to most of the experienced players, he applied for 40,000 additional rights in addition to his entitlement. By doing this, he expected to get at lease 10% , i.e. 4000 additional shares and get a return of 20% within few months.
He had about 4 laks of Rupees with him and he used it in entirety to secure higher percentage of additional shares.
Actually he wanted to invest only about 50,000 and expected to receive the balance when they reject most of his request.

Unexpectedly, they gave him everything !. As many people had not executed their rights everybody was given all they asked !.

Now he is trapped and all the money he had was 'DOCKed' in CSE. !

Meantime, another interesting thing was happening. The Japanese investor / ship builder who had some good number of shares and had engaged in the company work has also expressed his willingness to buy all the rights unsubscribed by Sri Lankans. The transaction was done accordingly.

Now all of sudden, DOCK became a 'Japanese' company. !

The news spread. Hopes and talks of better management, New technology, worldwide orders...etc ...

Within 2 weeks the share price went to 18. Some people dropped their holding happily.
Interestingly, our man showed no signs of panic. !
In another 2 weeks it went to 23 and maintained that level for about 10 days. Again, no action from our man.!
Withing the period of 3 months of XR, it went to 20, 25, 28, 30, 35, and finally DOCK was docked around @ 40/-

Our hero sold his 42,000 @ 40/-

Brokers, fellow traders asked/expected him to re invest in other shares.

He never fell into that trap to lose his money by re investing in already appreciated 'other stocks'.

Later we came to know that he bought a beachfront with 17 rooms and large spare area in down south somewhere closer to Hambantota- Kataragama roadway using his money.
He renamed it as 'Docks.'!

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Chinwi wrote:This is a story about a lucky and intelligent person who used his fortunes in stock market to buy a hotel.

I cannot remember the name, year , exact figures, location etc.

About 2 or 3 decades ago, Colombo Dockyard was mostly owned by the Govt. and they sold a part of it to a Japanese party to bring them into the management. Rest was with the public, trading in CSE .

As I recall, it was trading @ 15/- or around 20/-.

One morning, we got a news; to expand its capacity, they announced 4 rights @ 10/- for 1 existing share.

That means, if you had 1000 shares by investing 15,000, suddenly you had to find money for 4000 rights @ 10. ( 40,000/-)

Reacting to this news of big dilution, share price dropped to 10/-.
As in the SAMP case people started shouting everywhere. ( Fortunately no blogs those days :-) ) Expecting further drop, many retailers panicked and rushed to sell their holding at least @ 10/-

Rights issue was not successful , as everybody expected.

The person I wanted to highlight here was a novice to the market, had 500 DOCK shares. As such, his entitlement was 2000 rights.

Acting in contrast to most of the experienced players, he applied for 40,000 additional rights in addition to his entitlement. By doing this, he expected to get at lease 10% , i.e. 4000 additional shares and get a return of 20% within few months.
He had about 4 laks of Rupees with him and he used it in entirety to secure higher percentage of additional shares.
Actually he wanted to invest only about 50,000 and expected to receive the balance when they reject most of his request.

Unexpectedly, they gave him everything !. As many people had not executed their rights everybody was given all they asked !.

Now he is trapped and all the money he had was 'DOCKed' in CSE. !

Meantime, another interesting thing was happening. The Japanese investor / ship builder who had some good number of shares and had engaged in the company work has also expressed his willingness to buy all the rights unsubscribed by Sri Lankans. The transaction was done accordingly.

Now all of sudden, DOCK became a 'Japanese' company. !

The news spread. Hopes and talks of better management, New technology, worldwide orders...etc ...

Within 2 weeks the share price went to 18. Some people dropped their holding happily.
Interestingly, our man showed no signs of panic. !
In another 2 weeks it went to 23 and maintained that level for about 10 days. Again, no action from our man.!
Withing the period of 3 months of XR, it went to 20, 25, 28, 30, 35, and finally DOCK was docked around @ 40/-

Our hero sold his 42,000 @ 40/-

Brokers, fellow traders asked/expected him to re invest in other shares.

He never fell into that trap to lose his money by re investing in already appreciated 'other stocks'.

Later we came to know that he bought a beachfront with 17 rooms and large spare area in down south somewhere closer to Hambantota- Kataragama roadway using his money.
He renamed it as 'Docks.'!

Very interesting stories from a experienced investor. I feel in DOCK case that person is Lucky in his investment decision rather than Smart.Think what would have happened if this Japanese investor did not appear suddenly. Then DOCK could have been ended like a failed government enterprise like Pugoda textiles which disappeared from CSE like VANIK.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Can you see some similarities in both stories. ?

How was the general reaction to the dilution of the share? How people valued the share just using PER, NAVPS without considering the other factors.

Even today, you can see many people follow these ratios neglecting other factors.

I am also using those ratios to get general idea about the past performances and the current situation of the company.

If you think investing for future I think you have to see who is in the cockpit, current trends, nature of business, cash flow and do some SWOT etc.

Specially in Sri Lanka, you have to know about the qualities ( good / bad) and past performances of the of the key personnel.

In above 2 cases, presence of Dr. N.U Jayawardena - the veteran in banking and the Japanese collaboration was more powerful than the ratios.

I think the person who put his money on DOCK anticipated a good outcome because we knew the Japanese were already there when they took the decision to increase the capital by 500%. That may be the reason for me too to apply 4000 additional shares. Wink
First, I sold 2000 @ 23 to recover my cost. Other 2000 @ 40 to get a profit of 80,000. Not like him, I reinvested it in other shares


rjeranimo

rjeranimo
Equity Analytic
Equity Analytic
Above two stories are very fascinating. we need those type of stories to inspire our moral and experience. since my childhood i always like to hear successes of someone in any Field. So thanks for sharing this valuable stories.

But i have little concern here. those two successful stories were happened within a year, after investing? if so...... are they long term?

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