ODEL SHARE PRICE WILL MOVE

SHL is highly geared company by taking out the public deposit part of Rs.9.50Bn. They have additional borrowings of Rs.44.20 against the share holders funds of Rs.13.80Bn. So think buying SHL is feasible or not.

Though don't forget they have acquired ODEL @ 22/- per share by a special M/T facility obtained from HNB. Which is another major risk taken by SHL like what Rishan did (PCH) to finally be almost bankrupt.

So can the ODEL share price come below 22/- to be in the safe side.i would say no at least in the short term.If it comes down SHL is in serious trouble to fill the shortfall.

Currently after the major share holders sold out 22,728,567 available in free float which is 8.64% of the issued quantity.So the company is not complying with the 10% minimum float requirement. But from that volume at least 5Mn-8Mn shares should have been collected plus mandatory offer to mature.

So i would say this stock will be pushed to a level which Mr.Pathirage is comfortable with.

So on logical view point i would say buy ODEL at current prices.
Don't forget what happen to AAIC which had some twists as well.

Noted with thanks

thanxxxx

RPPA wrote:SHL is highly geared company by taking out the public deposit part of Rs.9.50Bn. They have additional borrowings of Rs.44.20 against the share holders funds of Rs.13.80Bn. So think buying SHL is feasible or not.

Though don't forget they have acquired ODEL @ 22/- per share by a special M/T facility obtained from HNB. Which is another major risk taken by SHL like what Rishan did (PCH) to finally be almost bankrupt.

So can the ODEL share price come below 22/- to be in the safe side.i would say no at least in the short term.If it comes down SHL is in serious trouble to fill the shortfall.

Currently after the major share holders sold out 22,728,567 available in free float which is 8.64% of the issued quantity.So the company is not complying with the 10% minimum float requirement. But from that volume at least 5Mn-8Mn shares should have been collected plus mandatory offer to mature.

So i would say this stock will be pushed to a level which Mr.Pathirage is comfortable with.

So on logical view point i would say buy ODEL at current prices.
Don't forget what happen to AAIC which had some twists as well.

Think about this as well

Dear RPPA, can you pls tell us, the short term target price for ODEL

Siva08 wrote:Dear RPPA, can you pls tell us, the short term target price for ODEL

I would not like to tell a price. But 28-30 for sure.

Tks RPPA.

RPPA wrote:

Siva08 wrote:Dear RPPA, can you pls tell us, the short term target price for ODEL

I would not like to tell a price. But 28-30 for sure.

Is this price good for buy ???

Nuwan Samarawickrama wrote:

RPPA wrote:

Siva08 wrote:Dear RPPA, can you pls tell us, the short term target price for ODEL

I would not like to tell a price. But 28-30 for sure.

Is this price good for buy ???

24 OR BELOW GOOD

No much intrest on this share up to now in this forum. When the run starts every one will buy at high price. I also slowly collecting this share. After I saw a bull sign I will collect more. At that time my average price will be low than market price because I collected some at low price.

Market R wrote:No much intrest on this share up to now in this forum. When the run starts every one will buy at high price. I also slowly collecting this share. After I saw a bull sign I will collect more. At that time my average price will be low than market price because I collected some at low price.

Good strategy mate.
You will win for sure.

RPPA wrote:SHL is highly geared company by taking out the public deposit part of Rs.9.50Bn. They have additional borrowings of Rs.44.20 against the share holders funds of Rs.13.80Bn. So think buying SHL is feasible or not.

Though don't forget they have acquired ODEL @ 22/- per share by a special M/T facility obtained from HNB. Which is another major risk taken by SHL like what Rishan did (PCH) to finally be almost bankrupt.

So can the ODEL share price come below 22/- to be in the safe side.i would say no at least in the short term.If it comes down SHL is in serious trouble to fill the shortfall.

Currently after the major share holders sold out 22,728,567 available in free float which is 8.64% of the issued quantity.So the company is not complying with the 10% minimum float requirement. But from that volume at least 5Mn-8Mn shares should have been collected plus mandatory offer to mature.

So i would say this stock will be pushed to a level which Mr.Pathirage is comfortable with.

So on logical view point i would say buy ODEL at current prices.
Don't forget what happen to AAIC which had some twists as well.

Don't forget above when it come to ODEL. Just think.

RPPA wrote:

RPPA wrote:SHL is highly geared company by taking out the public deposit part of Rs.9.50Bn. They have additional borrowings of Rs.44.20 against the share holders funds of Rs.13.80Bn. So think buying SHL is feasible or not.

Though don't forget they have acquired ODEL @ 22/- per share by a special M/T facility obtained from HNB. Which is another major risk taken by SHL like what Rishan did (PCH) to finally be almost bankrupt.

So can the ODEL share price come below 22/- to be in the safe side.i would say no at least in the short term.If it comes down SHL is in serious trouble to fill the shortfall.

Currently after the major share holders sold out 22,728,567 available in free float which is 8.64% of the issued quantity.So the company is not complying with the 10% minimum float requirement. But from that volume at least 5Mn-8Mn shares should have been collected plus mandatory offer to mature.

So i would say this stock will be pushed to a level which Mr.Pathirage is comfortable with.

So on logical view point i would say buy ODEL at current prices.
Don't forget what happen to AAIC which had some twists as well.

Don't forget above when it come to ODEL. Just think.

Thanx Boss,

I brought according to you instruction. 

My cost is 24.00

RPPA wrote:SHL is highly geared company by taking out the public deposit part of Rs.9.50Bn. They have additional borrowings of Rs.44.20 against the share holders funds of Rs.13.80Bn. So think buying SHL is feasible or not.

Though don't forget they have acquired ODEL @ 22/- per share by a special M/T facility obtained from HNB. Which is another major risk taken by SHL like what Rishan did (PCH) to finally be almost bankrupt.

So can the ODEL share price come below 22/- to be in the safe side.i would say no at least in the short term.If it comes down SHL is in serious trouble to fill the shortfall.

Currently after the major share holders sold out 22,728,567 available in free float which is 8.64% of the issued quantity.So the company is not complying with the 10% minimum float requirement. But from that volume at least 5Mn-8Mn shares should have been collected plus mandatory offer to mature.

So i would say this stock will be pushed to a level which Mr.Pathirage is comfortable with.

So on logical view point i would say buy ODEL at current prices.
Don't forget what happen to AAIC which had some twists as well.

agree with you & despite of that, I like to give you few highlights on their 30th June financials,

Compared with same quarter last year
Gross profit up by 11%
Operating profit down by 57% - due to increase of the admin expenses & decrease of the other income
Profit for the year down by 93% - because of operating profit down & finance cost increased
Recorded EPS 0.01 whereas last year 0.24

Net asset value 19.07 down by 0.11 compare to 31/03/2014
Current ratio is good, it is 1.78
Quick ratio is 1.01 which is good as well
Poor cash flow, having a liquidity issue & totally depending on short term Internet bearing borrowing (that is why finance cost high)

For me ODEL is at over trading position, their sales increased but receivable & inventories increased more than that. Trade payable not increased much when compare to the receivable. It means, they have given more credit to customers but not obtain more credit from suppliers. Further they have aquired property, plant & equipment since they are trying to expand, but using short term borrowings. those are the symptoms of over trading, this can happen when company try to do too many things too quickly using short term finance.

This can be directed to insolvency that is end point of this scenario.

What they can do......

Should revisit their Credit Control policy.
Should increased their sales & managing low inventory levels.
Go for factoring & reduce cost of maintain receivables.
etc

Why SHL is taking that risk....i do not understand

it will

Current date/time is Tue Oct 28, 2014 9:42 pm

Anything wrong?

Remember, what SHL did with AAIC...they purchased almost 90% as I remember from Asia capital and later managed to find 2 foriegn buyers to sell considerable amount with a big short term profit..they may do the same thing to ODEL ..when price shoots up after the mandatory offer is over ..they might divest balance shares keeping 51% with them with a capital gain...Mr. pathirage is an experience businessman.. meeyak kadanne atha leva kanda nemeine

RPPA wrote:

RPPA wrote:SHL is highly geared company by taking out the public deposit part of Rs.9.50Bn. They have additional borrowings of Rs.44.20 against the share holders funds of Rs.13.80Bn. So think buying SHL is feasible or not.

Though don't forget they have acquired ODEL @ 22/- per share by a special M/T facility obtained from HNB. Which is another major risk taken by SHL like what Rishan did (PCH) to finally be almost bankrupt.

So can the ODEL share price come below 22/- to be in the safe side.i would say no at least in the short term.If it comes down SHL is in serious trouble to fill the shortfall.

Currently after the major share holders sold out 22,728,567 available in free float which is 8.64% of the issued quantity.So the company is not complying with the 10% minimum float requirement. But from that volume at least 5Mn-8Mn shares should have been collected plus mandatory offer to mature.

So i would say this stock will be pushed to a level which Mr.Pathirage is comfortable with.

So on logical view point i would say buy ODEL at current prices.
Don't forget what happen to AAIC which had some twists as well.

Think about this as well

What more can i do. I did an open discussion about this subject.
Friends who bought are benefiting now.

Is it good to exit now or keeping will be benefit. Now it touch Rs.27.

piras wrote:Is it good to exit now or keeping will be benefit. Now it touch Rs.27.

28-30 VERY POSSIBLE

possible or not possible..letz c

30++++++++ possible today or next market day

With less public holding Rs 30/= target is achievable.