What is the reason for Malwatte plantation Collapse in this year ??

lbnnirmal

lbnnirmal

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pls Can any one give some ideas about this Collapse .??
Is there any division happens ??

windi5

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1.Drop in tea out put in June?
2.Wage Hike?

kam2011

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lbnnirmal wrote:pls Can any one give some ideas about this Collapse .??
Is there any division happens ??

Yes brother, There was a split couple of months ago one in to ten. And a Right announcement for both voting and nonvoting shares. 2 for 10 voting at 6.75 and nonvoting at 5.50. Ex right date is 5th August.

lbnnirmal

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Ohh dat means we can see further down trend isn't it??

kam2011

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lbnnirmal wrote:Ohh dat means we can see further down trend isn't it??

I dont think. coz no sooner the right announcement was made price started to drop from about 9.10 to now 6.90. Further, this is the best plantation stock in terms of PE. Pl. look Rajaraam's post under the topic 'Good time to focus on plantation companies'

sajeethk

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I dont think no one will apply the right if the price down MAL.N 6.75 and MAL.X 5.5 cos they can take from the market rather than going for right.

So my idea until right will be over it will be hang around above that level.

windi5

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Now its clear,with the KAVL quarter report,wage hike has impacted heavily on the plantation companies profits

lbnnirmal

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I believe it is good sector to focus on to medium term

twimalasuriya

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lbnnirmal wrote:pls Can any one give some ideas about this Collapse .??
Is there any division happens ??

Please see the difference between below two charts (MAL.N0000, 1 year)

1. from CDAX, this chart is not adjusted for splits and other such events that change the number of issued shares.

What is the reason for Malwatte plantation Collapse in this year ?? Screen10

What is the reason for Malwatte plantation Collapse in this year ?? Screen10

2. from bloomberg, this chart is adjusted for splits and other such events that change the number of issued shares.

What is the reason for Malwatte plantation Collapse in this year ?? Screen11

What is the reason for Malwatte plantation Collapse in this year ?? Screen11

go here for the announcements for MAL.N0000
http://www.cse.lk/companiesprofile/announcments.htm?id=439&symbol=MAL.N0000

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What is the reason for Malwatte plantation Collapse in this year ??

1 What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 8:30 am

lbnnirmal

2 Re: What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 8:43 am

windi5

3 Re: What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 11:43 am

kam2011

4 Re: What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 11:45 am

lbnnirmal

5 Re: What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 11:54 am

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6 Re: What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 12:57 pm

sajeethk

7 Re: What is the reason for Malwatte plantation Collapse in this year ?? Tue Aug 02, 2011 5:56 pm

windi5

8 Re: What is the reason for Malwatte plantation Collapse in this year ?? Wed Aug 03, 2011 7:56 am

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9 Re: What is the reason for Malwatte plantation Collapse in this year ?? Wed Aug 03, 2011 4:47 pm

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10 Re: What is the reason for Malwatte plantation Collapse in this year ??

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