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Sri Lanka Equity Forum » Stock Market Talk » EAST Steady at 18

EAST Steady at 18

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1EAST Steady at 18 - Page 2 Empty EAST Steady at 18 on Thu Apr 25, 2019 7:40 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
First topic message reminder :

What will happen to EAST?
Looks like still some collection going around 18


41EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 1:15 pm

karuna2


Senior Equity Analytic
Senior Equity Analytic
Ai mechchara sell karanne ehenam chanaka
dawena pasna

42EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 1:22 pm

Lucky Gamage


Manager - Equity Analytics
Manager - Equity Analytics
yes, its true..why

43EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 1:33 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Chanakas first prediction was spot on. How about the second?

44EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 2:04 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Winner123 wrote:Chanakas first prediction was spot on. How about the second?
I THINK SOME BROKERS BOUGHT YESTERDAY USING MARGIN MONEY TO RESELL WITH A QUICK PROFIT BUT IT DIDN'T WORK NOW THEY HAVE TO SELL WITH A LOSS TO COVER THE MARGIN . Laughing Laughing

45EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 2:11 pm

Dr_CSE


Senior Equity Analytic
Senior Equity Analytic
@karuna2 wrote:Ai mechchara sell karanne ehenam chanaka
dawena pasna
probably wife selling and the husband buying or vice versa. As per the last financial report there has been a change in the shareholding. The fourth and fifth biggest shareholders are not directors of the company, as it seems. They can buy or sell -trade, without any declaration to the CSE.

46EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 5:05 pm

karuna2


Senior Equity Analytic
Senior Equity Analytic
eya ese nam why 8.50 divi laba dee tibiyadeeth sell karanne
ehema nathnam kastiya 20rs witara hope tiyan indala , less than expected nisa sell karanawathda
ehema nathnam big boys panic ayage tikath bucket ekata gannawada bcz of another good news
dawena pasna appa

47EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 6:14 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Yah. Having some quant dont know what to do.

48EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 6:41 pm

Lucky Gamage

Lucky Gamage
Manager - Equity Analytics
Manager - Equity Analytics
How about foreign transactions on this shares these days? any one have idea...

49EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 8:32 pm

karuna2


Senior Equity Analytic
Senior Equity Analytic
yesterday 209000 buying
today 42000 buying

50EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 08, 2019 9:09 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@karuna2 wrote:eya ese nam why 8.50 divi laba dee tibiyadeeth sell karanne
ehema nathnam kastiya 20rs witara hope tiyan indala , less than expected nisa sell karanawathda
ehema nathnam big boys panic ayage tikath bucket ekata gannawada bcz of another good news
dawena pasna appa
Now i hope that major share holder is converting his shares in to cash using the devident opportunity. if it so...we are in a wrose situation...with in next 3 - 4 days he will only may able to sell half of his equities...any one who is buying will push the share on15th...inorder to support and to continue this selling seller has to give some room to appreciate the SP..otherwise nothing will go on their way...if I am the one of major share holder...I will not sell at the moment and I will let this SP go up to 30....around....I will collect my dev...then start selling slowly....Only problem will be buyers after XD....for that I have good 3-4 broker firms and advisors...they will do the job...now they are already started same with HPWR....

51EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Thu May 09, 2019 7:16 am

TuTanKaman


Manager - Equity Analytics
Manager - Equity Analytics
Taking company sales profit out by way of dividend then using same cash to buy back later..
So effectively company is funding major shareholders for their future plans. Just a thought

52EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Thu May 09, 2019 4:21 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Slowly interesting is coming down.....:-(

53EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Thu May 09, 2019 11:54 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@TuTanKaman wrote:Taking company sales profit out by way of dividend then using same cash to buy back later..
So effectively company is funding major shareholders for their future plans. Just a thought
Good idea..!!!

54EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 10, 2019 3:57 am

AmalHoole


Stock Analytic
Stock Analytic
Check out Billionaire Nimal Perera's tweet, he may be trying to push down the EAST shares to buy cheaper and get the dividend.Company announced Rs. 1.17 billion dividend recently.

I think EAST shares came down after Nimal's Tweet he may be collecting. There might be a another dividend too because actual sale price of Weligama Hotel is US $ 23 million which is over Rs. 3.7 billion and another US $ 26 million working capital for Hotel according to the Singapore stock exchange's disclosure




55EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 10, 2019 6:26 am

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Cant be. I guess owners only sell their stuff.

56EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 10, 2019 7:23 am

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
https://cdn.cse.lk/cmt/uploadAnnounceFiles/8061550639503_620.pdf
මේකට අනුව සියලුම කොටස් විකුණලද නැත්නම් වැලිගම හෝටලය පමණද විකුණල තියෙන්නෙ.

57EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 10, 2019 10:16 pm

AmalHoole


Stock Analytic
Stock Analytic
@sanjulanka wrote:https://cdn.cse.lk/cmt/uploadAnnounceFiles/8061550639503_620.pdf
මේකට අනුව සියලුම කොටස් විකුණලද නැත්නම් වැලිගම හෝටලය පමණද විකුණල තියෙන්නෙ.

That is only an Internal Transaction of East. Hotel is only sold to Singapore!

58EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Sat May 11, 2019 8:18 am

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@AmalHoole wrote:
@sanjulanka wrote:https://cdn.cse.lk/cmt/uploadAnnounceFiles/8061550639503_620.pdf
මේකට අනුව සියලුම කොටස් විකුණලද නැත්නම් වැලිගම හෝටලය පමණද විකුණල තියෙන්නෙ.

That is only an Internal Transaction of East. Hotel is only sold to Singapore!
ස්තුතියි.මම හිතුවෙ අනිත්ව විකුනල නැ කියල තවම එහෙම උනානම් තවත් සල්ලි එන්න තියෙනවනෙ.එහෙම ඇතුලත මාරුවීම් උනත් කොටස් හිමියන්ට දැනුම් දෙන්න ඕන නේද?

59EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Sun May 12, 2019 7:50 pm

Dr_CSE


Senior Equity Analytic
Senior Equity Analytic
I don't think the other three companies are sold yet. If sold yet to be declared to CSE, very unlikely. As per this notice two subsidiaries to be sold to some other company by the same owners as the name implies. I don't think this is a internal transaction though owned by the same people. So fresh cash to flow in to EAST as per my opinion. Please correct if I am wrong.

60EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Sun May 12, 2019 10:52 pm

Bdcdman


Stock Analytic
Stock Analytic
Dr CSE Can you explain more

61EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Mon May 13, 2019 9:33 am

TuTanKaman


Manager - Equity Analytics
Manager - Equity Analytics
Owners are getting fund from east to buy east's subsidiaries to their own private company. What a way to get out of suspension

62EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Mon May 13, 2019 2:08 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
@Chanaka303 wrote:There will be two possible scenarios 
1-Another dividend(7+)
2-Share Repurchase(25+)

So better to HOLD (or enter at the current prices).

HOLD even after the XD - coz wijesuriyas are not done with the share BasketballBasketball
Do u still think above will come into effect?

63EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Tue May 14, 2019 12:23 pm

Chanaka303


Equity Analytic
Equity Analytic
1. Some reports actual deal value 50 $ million ???
2. How about their planned sales of subsidiaries to Wijesundara Holdings???

With the deal NAV = 23 ( 138 million shares )
= 3.2 Billion
after dividend NAV = 3.2 - 1.1Billion / 138
= 15rs


Yes I stand by that statement Smile [correction - the divi could be around 5]

64EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Tue May 14, 2019 12:25 pm

Chanaka303


Equity Analytic
Equity Analytic
How about this scenario

1)Sell the hotel
2)Take the money out as dividends
3)Use dividend money to purchase other subsidiaries
4)Get out of suspension and watch list
5)Again get the money out as dividends

65EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Tue May 14, 2019 12:39 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Tks chanaka. Only issue is with the present scenario this might fall below 10 after xd...:-(

66EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Thu May 16, 2019 8:32 pm

Bdcdman


Stock Analytic
Stock Analytic
@Mark, @Chanaka, Any ideas whats going on

67EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 7:30 am

easthetic


Equity Analytic
Equity Analytic
Now steady at 8. Evil or Very Mad

68EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 8:50 am

Roshan Fernando

Roshan Fernando
Senior Equity Analytic
Senior Equity Analytic
As per the Financial Statement as at 31 Dec 2018,  Rs.1.16 Billion loss show in the Consolidated financial statement and Rs. 12.8 Million show the profit in the company financial statement.
 
138.24 Million voting shares in the company and as the dividend, the company has to pay Rs. 1.14 Billion to their shareholders. it is wonder how to pay this much of dividend when the company making the huge loss since 2016.

2016  Group Loss     257 Million
2017  Group Loss     241 Million
2018  Group Loss     874 Million

69EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 9:28 am

dmtmadusanka


Equity Analytic
Equity Analytic
Group eke loss eka avith thiyenne hotel eke loss eka nisa. Eka balanna puluwan segment analysis eken interim statement eke. Hotel eka dispose kalama ea loss ekath company eken ain wenawa. Next statement eken eka bala ganna puluwan. Group eke thibba property plant and equipment and borrowing adu wela thiyana vidiya with retain earning ekka

70EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 10:00 am

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Not the immediate statement it should reflect in 2 nd qurt results.

71EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 10:45 am

AmalHoole


Stock Analytic
Stock Analytic
Some people here seems don't know how businesses operate. Nahil will own his companies forever and if you carefully analyze the quarter results and annual results you can see still there will be more money to come to EAST as they have given some loans to Weligama. So Weligama has to pay that.

72EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 11:07 am

Roshan Fernando

Roshan Fernando
Senior Equity Analytic
Senior Equity Analytic
I am not the expert of the Markets and Financial matters, but Annual Report and the Interim Financial Statement show the company picture about the progress and liquidity for the recent history of the company.Financial Statement is the one of the base documents to take decision about the top management and the stakeholders.

EAST is good share and I remembered right issue in around 2011 period it peak form Rs.13 to 50. Any way , it was huge dividend as considering the shareholder aspect.

73EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 6:50 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
@Chanaka303 wrote:1. Some reports actual deal value 50 $ million ???
2. How about their planned sales of subsidiaries to Wijesundara Holdings???

With the deal NAV = 23 ( 138 million shares )
= 3.2 Billion
after dividend NAV = 3.2 - 1.1Billion / 138
= 15rs


Yes I stand by that statement Smile [correction - the divi could be around 5]

Chanaka, something inside which is bit complicated. Just saw today that one director has sold some shares @ 8 although they have received a huge profit on sale .any guesses? 

74EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 9:42 pm

ruwa


Senior Equity Analytic
Senior Equity Analytic
Directors selling may be to scare off retailers and further drag down price.

75EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 10:05 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Scare to what? There is not more public shares in the market....and 7.50 is a minimum price level..

76EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 17, 2019 10:20 pm

Chanaka303


Equity Analytic
Equity Analytic
It is complicated. If they trying to drag down the prices , why are they doing that????? (Reducing prices for a buyback-could be)
The reason I was predicted another dividend or a buyback is ‘ They still have 8+ cash per share after paying the dividend & considering the nature of the wijesuriya family (they wants to take all out 💰)
So if u already holding u better keep it for some more tym ,don’t panic n sale . Anyway the company is not the crapy company it used to be after the hotel deal.( Two billion cash plus very less or no loans )


“By the way never expected xd price to come down to the current levels.I was expected somewhere around 11(11-13)”

77EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 22, 2019 7:51 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Interesting to collect this at bottom..I am collecting to hold till end og this year..take my wards...Today I collected 100k avg 7.20...how nice it is...if it stag i will collect another 100k..but do not buy on credit...call 31 Dec and ask the profit..

78EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Wed May 22, 2019 10:57 pm

mark

mark
Expert
Expert
@m2_yapa wrote:Interesting to collect this at bottom..I am collecting to hold till end og this year..take my wards...Today I collected 100k avg 7.20...how nice it is...if it stag i will collect another 100k..but do not buy on credit...call 31 Dec and ask the profit..

I got some at 6.10 and sold at 6.9, have some left to be sold seeing tmrw trend.

79EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Thu May 23, 2019 1:01 pm

Teller

Teller
Moderator
Moderator
Investors with out knowledge of investments may cry ome day. East is one of good examples. I remember commercial credit(cocr) made us a huge loss

80EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Thu May 23, 2019 7:18 pm

m2_yapa

m2_yapa
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:Investors with out knowledge of investments may cry ome day. East is one of good examples. I remember commercial credit(cocr) made us a huge loss
What do you mean?

81EAST Steady at 18 - Page 2 Empty Re: EAST Steady at 18 on Fri May 24, 2019 9:25 am

mark

mark
Expert
Expert
@m2_yapa wrote:Interesting to collect this at bottom..I am collecting to hold till end og this year..take my wards...Today I collected 100k avg 7.20...how nice it is...if it stag i will collect another 100k..but do not buy on credit...call 31 Dec and ask the profit..

Who said this is rock bottom? trade wit care, don't be fool by holding this kind of leg broken horses.

Have tight stop losses with EAST

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