GLASS is trouble?

keeper · 1 GLASS is trouble? Fri Mar 08, 2013 6:54 pm

keeper

Assistant Vice President - Equity Analytics

Posts : 782
Equity Stars : 5433
Reputation : 21
Join date : 2013-02-16
Location : Lord's Cricket Ground

Why Glass price is move down?Have you any reason.....?,

Today trade volume 10,193,400 But price is not move up,Why many shares sell to low price? Evil or Very Mad

bullrun · 2 Re: GLASS is trouble? Fri Mar 08, 2013 7:00 pm

bullrun

Assistant Vice President - Equity Analytics

Posts : 780
Equity Stars : 5905
Reputation : 78
Join date : 2011-01-31

keeper wrote:Why Glass price is move down?Have you any reason.....?, Today trade volume 10,193,400 But price is not move up,Why many shares sell to low price?

One possible reason may be the low cost. So, can sell at a profit and re enter at logical price level!

smallville · 3 Re: GLASS is trouble? Fri Mar 08, 2013 9:37 pm

smallville

Associate Director - Equity Analytics

Posts : 4119
Equity Stars : 10109
Reputation : 530
Join date : 2011-02-03
Location : Back on Earth

@ 6, the 14day MA crossed uppish the 50day MA but the momentum ended at 6.40.
After that a bit of sideways trading were scene. Today with heavy volume it came back to 6.

It looks like some parcel has changed hands.

But at this point I see 50day MA tries to cross the 100day MA but MACD and RSI is way down.

ADX wont show a strength signal either.

Last time they gave a Rs.0.36 per share dividend. Previous year it was Rs. 0.30/-.
Historically their was a tendency to announce dividend news and later amend the payment dates.
So the announcement has to come in April or May if not byt the end of this month. bounce

Gaja · 4 Re: GLASS is trouble? Fri Mar 08, 2013 9:42 pm

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9684
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Rapidly increasing energy price is giving little concern now

yaka · 5 Re: GLASS is trouble? Fri Mar 08, 2013 9:45 pm

yaka

Manager - Equity Analytics

Posts : 118
Equity Stars : 4258
Reputation : 3
Join date : 2013-03-07

im too worried about glas Crying or Very sad

Fresher · 6 Re: GLASS is trouble? Sat Mar 09, 2013 7:01 am

Fresher

Moderator

Posts : 1498
Equity Stars : 7514
Reputation : 163
Join date : 2011-02-04

GLAS has paid out 50% of full year profits. And the announcement has come after they have finalized their accounts (In April) and paid around August.

Further, so far they have 0.65/- EPS for first nine months. SO you can make a guess on which range the dividend is going to be. Unlikely it will make losses. So it will be a minimum of around 0.33/- to 0.40/-

What we can notice is they have been paying dividends (to pay the parent) instead of settling much of the debt. Interesting to see if they have changed this stance now as the finance cost is likely to hurt the bottomline.

Chinwi · 7 Re: GLASS is trouble? Sat Mar 09, 2013 10:48 am

Chinwi

Associate Director - Equity Analytics

Posts : 3097
Equity Stars : 8963
Reputation : 418
Join date : 2010-06-08
Location : Asia

npp wrote:

What we can notice is they have been paying dividends (to pay the parent) instead of settling much of the debt. Interesting to see if they have changed this stance now as the finance cost is likely to hurt the bottomline.

I think they are waiting for a buyer to come and give them over 3 billion for the land they own in Ratmalana (Borupana Road) . If that happens they may pay about half of debt.

Somehow, I think within another 1-2 years time this 21 acre land become worth than the total assets employed in their main business.

WildBear · 8 Re: GLASS is trouble? Sat Mar 09, 2013 6:19 pm

WildBear

Assistant Vice President - Equity Analytics

Posts : 723
Equity Stars : 5556
Reputation : 65
Join date : 2011-07-02

Chinwi wrote:

npp wrote:

What we can notice is they have been paying dividends (to pay the parent) instead of settling much of the debt. Interesting to see if they have changed this stance now as the finance cost is likely to hurt the bottomline.

I think they are waiting for a buyer to come and give them over 3 billion for the land they own in Ratmalana (Borupana Road) . If that happens they may pay about half of debt.

Somehow, I think within another 1-2 years time this 21 acre land become worth than the total assets employed in their main business.

That is a hidden value of GLAS in adition to their monopoly core business, similar value have with RICH with their hyde park, Nawinna and Kandy properties.Their value will rise with propety price. However land sale restrictions to foreign parties will adversly affect property prices, What do you think ?

Dileepa · 9 Re: GLASS is trouble? Sat Mar 09, 2013 7:23 pm

Dileepa

Senior Manager - Equity Analytics

Posts : 346
Equity Stars : 6253
Reputation : 44
Join date : 2011-03-21
Location : Tokyo

BOI tax free period of 5 years ended on 31Dec 2012.
Now GLAS have to pay 10% tax for next 2 years and 20% there after.

Rapaport · 10 Re: GLASS is trouble? Mon Mar 11, 2013 3:48 am

Rapaport

Assistant Vice President - Equity Analytics

Posts : 681
Equity Stars : 5736
Reputation : 55
Join date : 2011-02-01

2 companies with bright prospects but energy prices will eat into their profits this year.. Thanks to Govt mismanagement of CPC/CEB

GLAS and RCL......

salt · 11 Re: GLASS is trouble? Mon Mar 11, 2013 1:38 pm

salt

Vice President - Equity Analytics

Posts : 1345
Equity Stars : 7818
Reputation : 90
Join date : 2011-01-31

RCL not bad, but improvement in TILE is noteworthy. I use to buy from RCL, they have a good range. But I went to Tile showroom recently to buy some small stuff and found they have increased their service standard, range of products, in fact they offer much wider range of other products than tiles, which is like a monopoly. ( Tile motor, grout, stones, tile gums, new method for tile fixing..etc)

This seems the case with bottom line as well. you may check quarterly accounts