What's going on with PLC.N??

anubis · 1 What's going on with PLC.N?? Wed Jun 13, 2012 1:11 pm

anubis

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While I'm happy about the fact that it is going up, I don't have a clue as to why.... the volumes are also picking up.... anyone? scratch

Cheers!

Slstock · 2 Re: What's going on with PLC.N?? Wed Jun 13, 2012 1:19 pm

Slstock

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anubis wrote:While I'm happy about the fact that it is going up, I don't have a clue as to why.... the volumes are also picking up.... anyone?

Cheers!

SMLL factor?

anubis · 3 Re: What's going on with PLC.N?? Wed Jun 13, 2012 1:22 pm

anubis

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Thanks slstock!

It could be that. Is it realistic to guess that PLC.N would be able to replicate SMLL success? I wonder if there's some correlation.

Cheers!

TortoizePlus · 4 Re: What's going on with PLC.N?? Wed Jun 13, 2012 1:34 pm

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PLC holds 88.71%, that is 66,154,930, of SMLL shares. The dividend of SMLL will give 2.50 * 66,154,930 = 165, 387,325 (165 Mn) income to PLC books.

anubis · 5 Re: What's going on with PLC.N?? Wed Jun 13, 2012 1:38 pm

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and People's Bank hold 75% of PLC.N shares... we can see where the profits are being sucked into.... ;-)

As retailers, we just hook into the profits chain and enjoy piece of the cake... Basketball

Cheers!

anubis · 6 Re: What's going on with PLC.N?? Wed Jun 13, 2012 2:41 pm

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11.20 was too good to let go... I sold a small quantity which I collected around 10.50... hoping to collect back soon... Suspect

Cheers!

Slstock · 7 Re: What's going on with PLC.N?? Wed Jun 13, 2012 2:48 pm

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anubis wrote:11.20 was too good to let go... I sold a small quantity which I collected around 10.50... hoping to collect back soon...

Cheers!

Hmm, you seems to be confident that it will go back to 10.5? Guess you still have faith in the great bear. Actually, this forum is a small representation of CSE. So sometimes the majority thinking can affect the overall direction of the market. Last few days there were sign of positiveness. But if more selling happens for little profit , yes it can drag down the market.

With no offence to you at all , think still many are worried and less confident about CSE as they have got badly burnt. We still ahve to wait and see when the true bull will start.

anubis · 8 Re: What's going on with PLC.N?? Wed Jun 13, 2012 3:08 pm

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@slstock,

No offence taken at all, I respect you as a very knowledgeable person.. Smile

I'm not confident about PLC.N going back to 10.5. In fact, looking at the volume and the price trend of PLC.N, I kind of expect it to reach 11.5 soon.

However, 0.50 cents gain in one day was kind of too radical for me... and I thought it would be wise to make a small amount of profit just in case if the share goes down a bit in short-term. Also, it was about 10% of my PLC.N holdings... (which is the only share I hold at the moment), so I'm very much confident about PLC.N & CSE... Wink

My current investment strategy is like this, I have selected PLC.N as the only fundamental share I want to work with, I'm not good with speculatives at all.. and I hold a sizable (as a small scale retailer) quantity of this share (i averaged down prices a several times, currently around 11.30). Out of this quantity, I use 10% to do swing trading... the other 80% is like a fixed deposit.

I don't know whether it's kind of un-ethical to make small profits in this sort of a market. From your posts, it seems that you believe we need to work together and not be selfish about small profits if we are to make CSE a success. I understand this view, but I'm not 100% convinced about it.

Let's see, may be my opinions will change in time Smile

Thanks a bunch for your input!

Cheers!

ccsentha · 9 Re: What's going on with PLC.N?? Wed Jun 13, 2012 9:12 pm

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Since pls have a already declared a dividend which is too be paid in august, i do not see any dividend coming up for 3 months. there could be another dividend in abt 4-6 months time like last time....that's what i'm guessing....

traderathome · 10 Re: What's going on with PLC.N?? Wed Jun 13, 2012 10:29 pm

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i collected this counter last week so in GREEN atm Very Happy

i am going to hold this for some time. until my target is achived.

Light of Hope · 11 Re: What's going on with PLC.N?? Thu Jun 14, 2012 5:30 am

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traderathome wrote:i collected this counter last week so in GREEN atm i am going to hold this for some time. until my target is achived.

same here man... all the counters I collected last week, already green. I sold few reef.w0019 but I'm holding on to the rest.

NewInvestor · 12 Re: What's going on with PLC.N?? Thu Jun 14, 2012 9:40 am

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anubis wrote:@slstock,

No offence taken at all, I respect you as a very knowledgeable person..

I'm not confident about PLC.N going back to 10.5. In fact, looking at the volume and the price trend of PLC.N, I kind of expect it to reach 11.5 soon.

However, 0.50 cents gain in one day was kind of too radical for me... and I thought it would be wise to make a small amount of profit just in case if the share goes down a bit in short-term. Also, it was about 10% of my PLC.N holdings... (which is the only share I hold at the moment), so I'm very much confident about PLC.N & CSE...

My current investment strategy is like this, I have selected PLC.N as the only fundamental share I want to work with, I'm not good with speculatives at all.. and I hold a sizable (as a small scale retailer) quantity of this share (i averaged down prices a several times, currently around 11.30). Out of this quantity, I use 10% to do swing trading... the other 80% is like a fixed deposit.

I don't know whether it's kind of un-ethical to make small profits in this sort of a market. From your posts, it seems that you believe we need to work together and not be selfish about small profits if we are to make CSE a success. I understand this view, but I'm not 100% convinced about it.

Let's see, may be my opinions will change in time

Thanks a bunch for your input!

Cheers!

True, Its good to help each other and share the knowledge. But end of the day you are the one who take the profit or loss. I think now most of us used to live in bear market with better success than a year before. Looking at the posts, some people seems love bear. Wink

anubis · 13 Re: What's going on with PLC.N?? Thu Jun 14, 2012 1:49 pm

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Check the order book, buying pressure is increasing... volumes up... already hit 11.5... will it sustain? Nobody knows... but it sure looks positive...

Cheers!

Fresher · 14 Re: What's going on with PLC.N?? Thu Jun 14, 2012 8:56 pm

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anubis wrote:Check the order book, buying pressure is increasing... volumes up... already hit 11.5... will it sustain? Nobody knows... but it sure looks positive...

Cheers!

given the large dividend by SMLL, I expect PLC to follow suit. probably next quarter onwards. It has given 2 dividends in the 2 quarters after it was listed.

anubis · 15 Re: What's going on with PLC.N?? Thu Jun 14, 2012 9:00 pm

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I have a slight suspicion that PLC.N is bound to give regular dividends.. mainly because the government needs People's Banks money to settle all the debts and stuff... but this is just a guess. If it's the case indeed, then PLC.N must declare regular dividends in order to transfer the profits into People's Bank.

Only time would tell though Smile

Cheers!

Fresher · 16 Re: What's going on with PLC.N?? Thu Jun 14, 2012 9:04 pm

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anubis wrote:I have a slight suspicion that PLC.N is bound to give regular dividends.. mainly because the government needs People's Banks money to settle all the debts and stuff... but this is just a guess. If it's the case indeed, then PLC.N must declare regular dividends in order to transfer the profits into People's Bank.

Only time would tell though

Cheers!

That is exactly what I am expecting and hopeful of. I may be wrong but it's a logical guess. The payout is pretty decent too. Need to analyse the cashflow and the future business pattern a little more to come to a strong conclusion.
But given a 0.50/- dividend per quarter in the 2 quarters it has been listed out of a 0.50/- EPS, gives a very promising indication as to the future.

besides that, the market would not let the price be at this levels which would turn out to be an incredible div yield.

These are my hopes and expectations Smile

anubis · 17 Re: What's going on with PLC.N?? Thu Jun 14, 2012 9:12 pm

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100% agree.

Also, most institutions, HNWIs (+long term retail investors) bought this share at 18Rs at the IPO (at least in theory). This gives us some sort of assurance at these price levels... at least we can be certain that we're not idiots to buy at these levels...

If this share goes back to the IPO price.... king