Free Lanka

madurajithp · 1 Free Lanka Wed Oct 19, 2011 12:59 pm

madurajithp

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During the last few months we have been seen FLCH gradually getting towards to 3.50 - 3.40 range.
As i remember it launch 300 million shares at Rs 5 each. and Private placement of around Rs 1 billion was done at Rs 4.70 per share.
NAV - 4.61
EPS - 0.46
which force me to collect this even in down trend. and i was collecting FLCH since 4.50 to still @ 3.5.
I'm hoping a good run on FLCH when market turns to green, and later may be next year a rally to place this share to it's deserved position in the market.
What do you think?

Roboticfx · 2 Re: Free Lanka Wed Oct 19, 2011 1:05 pm

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FLCH shares are long term but if you don't hope a big profit at once, it would be mid term. Their management is superb. Very strong company. Fearless share which is in my pf as well as yours. Its big share volume doesn't allow panic sellers to put the price very down unusually.

Very Happy

Last edited by Roboticfx on Wed Oct 19, 2011 6:35 pm; edited 1 time in total (Reason for editing : grammertical correction)

madurajithp · 3 Re: Free Lanka Wed Oct 19, 2011 1:24 pm

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Thanks. You are right. I'm struggling with my "casino" shares, unless I'll be happy to hold this for long term. for the time been i'm thinking of dump half around 4 and hold the rest to hit some where around 6-7.

hawkeye · 4 Re: Free Lanka Wed Oct 19, 2011 1:36 pm

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Yes. you dont have to worry about this share as I can remember there were 125M shares exchanged at Rs. 5.. but after that gradually it came down due to market condition. Be patient to get Capital gain

warren buff · 5 Re: Free Lanka Wed Oct 19, 2011 6:38 pm

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But the fact is that the bulk of their earnings came from plantations and Rubber in particular.As you may be aware Planations arent doing all that well after the wage hike and poor global tea and rubber prices(rubber has tumbled too).....i dont think that the quarterly financials are going to be good.Thats the reason for the tumble in share price.

Roboticfx · 6 Re: Free Lanka Wed Oct 19, 2011 6:41 pm

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warren buff wrote:But the fact is that the bulk of their earnings came from plantations and Rubber in particular.As you may be aware Planations arent doing all that well after the wage hike and poor global tea and rubber prices(rubber has tumbled too).....i dont think that the quarterly financials are going to be good.Thats the reason for the tumble in share price.

But FLCH is not only playing in one section. They have many other ways such as land and properties.

bakapandithaya · 7 Re: Free Lanka Wed Oct 19, 2011 6:43 pm

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Roboticfx wrote:FLCH shares are long term but if you don't hope a big profit at once, it would be mid term. Their management is superb. Very strong company. Fearless share which is in my pf as well as yours. Its big share volume doesn't allow panic sellers to put the price very down unusually.

Not long term, very very long long term investment

shehan744 · 8 Re: Free Lanka Wed Oct 19, 2011 7:01 pm

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yes very,very long,IPO buys will have to wait long time..

Roboticfx · 9 Re: Free Lanka Wed Oct 19, 2011 7:04 pm

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shehan744 wrote:yes very,very long,IPO buys will have to wait long time..

No it's long term(only two words) I meant about one year.

Hello shehan!
Welcome you to this forum warmly!

madurajithp · 10 Re: Free Lanka Thu Oct 20, 2011 10:02 am

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Roboticfx wrote:

shehan744 wrote:yes very,very long,IPO buys will have to wait long time..

No it's long term(only two words) I meant about one year.

Hello shehan!
Welcome you to this forum warmly!

Me 2 Hope it's only long term, not very very long term Rolling Eyes

I have converted some of the loss shares in to FLCH , i don't see any risk other than plantation crisis. But still FLCH playing many sectors. Despite all this facts its MACD signals shows buy, I’m goanna see at least one wave even within this downtrend. mmm hope so! Question