ORIN - the share that has not moved up a single cent

stocks hunter · 1 ORIN - the share that has not moved up a single cent Fri May 10, 2013 7:55 am

stocks hunter

Manager - Equity Analytics

Posts : 221
Equity Stars : 4977
Reputation : 8
Join date : 2011-09-09

ORIN(Orient finance)

Still trading same levels.

EPS - Rs1.10
NAV - Rs 6.57
share Capital - 115mn
Highest traded price - Rs17

Lowest traded price - Rs15

(figures are as at 31.12.2012)

But how is CALF

SHARE PRICE JUMPED

EPS - 0.29
NAV - 8.14
Share capital - 38.7mn

Highest traded price - 31

lowest traded price -17

What is the difference here please ............... Let me know

seek

seek

Senior Manager - Equity Analytics

Posts : 558
Equity Stars : 5007
Reputation : 21
Join date : 2012-07-13

Can you buy ORIN, just give a try. No shares in the market.

shan

shan

Senior Manager - Equity Analytics

Posts : 354
Equity Stars : 5478
Reputation : 52
Join date : 2011-01-27

ORIN Handle with care Vinitha ltd holding 10 million shares they are selling.

Slstock

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13385
Reputation : 1158
Join date : 2011-01-22

Hope you guys noticed which CSE company is holding a stake in ORIN.

kalum

kalum

Senior Manager - Equity Analytics

Posts : 586
Equity Stars : 5008
Reputation : 24
Join date : 2012-09-01

slstock wrote:Hope you guys noticed which CSE company is holding a stake in ORIN.

Can you please shed some light to this discussion? This is a one company that i don't have any idea..

Gaja

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

@ Seek how many shares u wanted friend?

@ slstock is it belong to JINS group indirectly isn't it?

Bond

Bond

Manager - Equity Analytics

Posts : 274
Equity Stars : 4355
Reputation : 12
Join date : 2013-05-02

slstock wrote:Hope you guys noticed which CSE company is holding a stake in ORIN.

That is misleading info. ORIN is not owned by JINS

It is owned by Janashakthi Limited which owns 67% JINS

http://www.orientwealth.lk/about_orient_wealth/aboutus.php

Most of the dividends go to Janashakthi Limited from JINS. It is re-deployed after that.

Slstock

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13385
Reputation : 1158
Join date : 2011-01-22

May I ask what you are talking about. Where the misleading info is ?

Who said ORIN is owned by JINS?

Take a look closely at the ORIN quarterly report. You will see who has a stake.

Bond wrote:

slstock wrote:Hope you guys noticed which CSE company is holding a stake in ORIN.

That is misleading info. ORIN is not owned by JINS

It is owned by Janashakthi Limited which owns 67% JINS

http://www.orientwealth.lk/about_orient_wealth/aboutus.php

Most of the dividends go to Janashakthi Limited from JINS. It is re-deployed after that.

Bond

Bond

Manager - Equity Analytics

Posts : 274
Equity Stars : 4355
Reputation : 12
Join date : 2013-05-02

Or so you are excited about CFVF stake. Nothing strange. They have always been investing client and shareholder funds with related parties.

Just like Carsons except not that great performance with related firms Rolling Eyes

slstock wrote:May I ask what you are talking about. Where the misleading info is ?

Who said ORIN is owned by JINS?

Take a look closely at the ORIN quarterly report. You will see who has a stake.

Bond wrote:

slstock wrote:Hope you guys noticed which CSE company is holding a stake in ORIN.

That is misleading info. ORIN is not owned by JINS

It is owned by Janashakthi Limited which owns 67% JINS

http://www.orientwealth.lk/about_orient_wealth/aboutus.php

Most of the dividends go to Janashakthi Limited from JINS. It is re-deployed after that.

The Alchemist

The Alchemist

Senior Manager - Equity Analytics

Posts : 590
Equity Stars : 5181
Reputation : 48
Join date : 2012-04-08

Young James (Bond) jumping the gun ! ha ha
btw, i hear that whole Orient Group i.e. Orient Capital, Orient Finance (ORIN), Orient Wealth etc maybe combined with CFVF in a restructure, in time to come.
CFVF owns 20 % of ORIN and its unrealized gain on ORIN as at 31st Dec 2012 was approx Rs 3 per share.
With potential of CFVF 31st March 2013 EPS to be Rs 7, interest rate cut (and Good Potential 1st Q ending June) and prospects for a good dividend, will CFVF touch Rs 20 is the question ?

seek

seek

Senior Manager - Equity Analytics

Posts : 558
Equity Stars : 5007
Reputation : 21
Join date : 2012-07-13

The Alchemist wrote:Young James (Bond) jumping the gun ! ha ha
btw, i hear that whole Orient Group i.e. Orient Capital, Orient Finance (ORIN), Orient Wealth etc maybe combined with CFVF in a restructure, in time to come.
CFVF owns 20 % of ORIN and its unrealized gain on ORIN as at 31st Dec 2012 was approx Rs 3 per share.
With potential of CFVF 31st March 2013 EPS to be Rs 7, interest rate cut (and Good Potential 1st Q ending June) and prospects for a good dividend, will CFVF touch Rs 20 is the question ?

Bond

Bond

Manager - Equity Analytics

Posts : 274
Equity Stars : 4355
Reputation : 12
Join date : 2013-05-02

The Alchemist wrote:
btw, i hear that whole Orient Group i.e. Orient Capital, Orient Finance (ORIN), Orient Wealth etc maybe combined with CFVF in a restructure, in time to come.
CFVF owns 20 % of ORIN and its unrealized gain on ORIN as at 31st Dec 2012 was approx Rs 3 per share.

Why stop there? With Rohan S on board why don't they just combine with SMB Leasing. Razz

Slstock

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13385
Reputation : 1158
Join date : 2011-01-22

Excited? No.
Wanted to give extra info to the forum : Yes.

I see no issue in investing funds if return is higher and investors are paid dividend or through capital again.

That does not go for a specific company. Am talking about all companies.

Bond wrote:Or so you are excited about CFVF stake. Nothing strange. They have always been investing client and shareholder funds with related parties.

Just like Carsons except not that great performance with related firms

slstock wrote:May I ask what you are talking about. Where the misleading info is ?

Who said ORIN is owned by JINS?

Take a look closely at the ORIN quarterly report. You will see who has a stake.

Bond wrote:

slstock wrote:Hope you guys noticed which CSE company is holding a stake in ORIN.

That is misleading info. ORIN is not owned by JINS

It is owned by Janashakthi Limited which owns 67% JINS

http://www.orientwealth.lk/about_orient_wealth/aboutus.php

Most of the dividends go to Janashakthi Limited from JINS. It is re-deployed after that.

Last edited by slstock on Fri May 10, 2013 6:51 pm; edited 1 time in total

Slstock

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13385
Reputation : 1158
Join date : 2011-01-22

Has anyone studied other companies with similar interest as CFVF ;-)

Gaja

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Am not much worried about the Orin Moments, since its not even 0.5% of My PF, but decided to keep this for the Fun

Arena

Arena

Assistant Vice President - Equity Analytics

Posts : 702
Equity Stars : 5072
Reputation : 44
Join date : 2012-07-31
Location : Colombo

ORIN introduction was happened in dark era of CSE. So there were no buyer to push the price artificially at least for initial owners to have couple of millions from the introduction.

ORIN management distributed just 20,000 shares among public/unrelated parties to show the minimum No of shareholders. now the person who is having 10m shares, selling his lot to the public but i think there will be a chance to see a sudden rise in the price. All the introductions were fully manipulated except ORIN. So having couple of thousands in the portfolio will be a real fun investment with this speculative idea.

WildBear

WildBear

Assistant Vice President - Equity Analytics

Posts : 723
Equity Stars : 5564
Reputation : 65
Join date : 2011-07-02

Bond wrote:

The Alchemist wrote:
btw, i hear that whole Orient Group i.e. Orient Capital, Orient Finance (ORIN), Orient Wealth etc maybe combined with CFVF in a restructure, in time to come.
CFVF owns 20 % of ORIN and its unrealized gain on ORIN as at 31st Dec 2012 was approx Rs 3 per share.

Why stop there? With Rohan S on board why don't they just combine with SMB Leasing.

Hi, This time be careful not to talk about owners/shareholders of this site. Anyway good to see you back in the forum Bond(James). You know what I mean tongue

KDDND

KDDND

Assistant Vice President - Equity Analytics

Posts : 724
Equity Stars : 6007
Reputation : 14
Join date : 2012-09-14

is there any relationship with........
CFVF purchased a brokering firm - HDF from DNH, scratch

Gaja

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

Arena wrote:ORIN introduction was happened in dark era of CSE. So there were no buyer to push the price artificially at least for initial owners to have couple of millions from the introduction.

ORIN management distributed just 20,000 shares among public/unrelated parties to show the minimum No of shareholders. now the person who is having 10m shares, selling his lot to the public but i think there will be a chance to see a sudden rise in the price. All the introductions were fully manipulated except ORIN. So having couple of thousands in the portfolio will be a real fun investment with this speculative idea.

Yes friend it is real fun, also with in last 3 to 4 months it move from 13.20 to 15/=

seek

seek

Senior Manager - Equity Analytics

Posts : 558
Equity Stars : 5007
Reputation : 21
Join date : 2012-07-13

I can't imagine what kind of fun u guys have with ORIN.

Gaja

Gaja

Associate Director - Equity Analytics

Posts : 3127
Equity Stars : 9692
Reputation : 260
Join date : 2011-01-27
Age : 40
Location : Colombo

seek wrote:I can't imagine what kind of fun u guys have with ORIN.

Nothing serious, most of the days am laugh with the buy and sell quantities and prices, same thing with the AMF

Kindly note i have both shares, ORIN was is negligible.

SECsux

SECsux

Manager - Equity Analytics

Posts : 106
Equity Stars : 4619
Reputation : 6
Join date : 2012-03-02

Is this a risk buying now?

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Latest topics

ORIN - the share that has not moved up a single cent

1 ORIN - the share that has not moved up a single cent Fri May 10, 2013 7:55 am

stocks hunter

2 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 8:01 am

seek

3 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 8:15 am

shan

4 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 8:47 am

Slstock

5 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 9:30 am

kalum

6 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 3:29 pm

Gaja

7 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 3:39 pm

Bond

8 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 4:20 pm

Slstock

9 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 4:30 pm

Bond

10 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 4:34 pm

The Alchemist

11 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 4:44 pm

seek

12 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 4:47 pm

Bond

13 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 5:01 pm

Slstock

14 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 5:26 pm

Slstock

15 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 6:38 pm

Gaja

16 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 7:14 pm

Arena

17 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 7:46 pm

WildBear

18 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 9:15 pm

KDDND

19 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 10:25 pm

Gaja

20 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 11:39 pm

seek

21 Re: ORIN - the share that has not moved up a single cent Fri May 10, 2013 11:44 pm

Gaja

22 Re: ORIN - the share that has not moved up a single cent Thu Oct 17, 2013 5:43 am

SECsux

23 Re: ORIN - the share that has not moved up a single cent

Sponsored content

New topics