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Sri Lanka Equity Forum » Stock Market Talk » Expert Chamber » Odel! Where are you going?

Odel! Where are you going?

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21Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Fri Oct 28, 2011 5:19 pm

wappula


Manager - Equity Analytics
Manager - Equity Analytics
@mark wrote:
@Leon wrote:
Hi Guys....

Odel was a highly recommended share by our forum members. so, I got some odel @ 33.50.
But at the moment no any positive signal by this share. Is it better to keep it for some time or exit on a green day without much loss???
Your views highly appreciated..... Thanks

who recommend you to buy ODEL?
its trading around 17 or 18 forward PE ratio

*At a price of Rs. 32.10, ODEL is trading at a FY12E P/E multiple of 17.8x

*FY 12E EPS Rs.-1.81

if you think ODEL is undervalued and it deserves a higher price,then you can consider the buying,its up to you...
btw as to my view-this is overvalued

note-you can have some trading opportunities in this counter due to upcomingseason,but do we have to offer such a high PE to this Rolling Eyes


මොකද? මාක් මහත්තය ඔය ටික කලින් නොකීවේ

note 2-this may be good for looooong term investors to hold in PF

22Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Sun Oct 30, 2011 10:06 pm

mark


Expert
Expert
@Think9 wrote:
who recommend you to buy ODEL?
its trading around 17 or 18 forward PE ratio

Dear Mark ! no offence but you should read more !! In the business world where all da strategies change time to time , we all should read articles and should be updated. PE is no longer a valuable value in the modern investment strategies. and PE doesn't give any indication whether the share s good or not. This ratio started to use in 90s effectively but IBM proved in 2003 that this is a fail way of measuring whether the shares s over/under valued.

anyway if u google, u will managed to gain more information..


oh im sorry,i only know about PE Embarassed Smile


"............SHOE SHINE BOYS(many so called investment advisers and analysts seems to have started their career as janitors or tea boys at brokerage firms,and there seems to be a surplus of real shoe shine boys amongst the forum membership) are giving incredibly bad advise ,specially they are saying "BLUE CHIPS AND MANY OTHER COUNTERS ARE AT VERY ATTRACTIVE PRICES,52 WEEK LOWS AND IT'S TIME TO START COLLECTING" ridiculous........
...............A share at a 52 week low can go down to a 104 week low.........
The unpalatable truth is that DUMB MONEY STARTS BUYS ALL THE WAY DOWN TO BOTTOM..............the market turns when the dumb money sells out............
BROKERS WANT YOU TO BUY BECAUSE THEIR FAVORITE CLIENTS CAN TEN SELL.....''


By my friend TUBAL -JUNE 29th Very Happy

23Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Sun Oct 30, 2011 10:50 pm

player


Moderator
Moderator
@Kumar wrote:
@Leon wrote:
Hi Guys....

Odel was a highly recommended share by our forum members. so, I got some odel @ 33.50.
But at the moment no any positive signal by this share. Is it better to keep it for some time or exit on a green day without much loss???
Your views highly appreciated..... Thanks

Yes I agree with you, this share was recommended by some members in this forum, I think 4 weeks back.
You need to under stand the basic values of the share, before buying.
Sorry to say the recommended post was transferred to the expert section.
Joke of the year.
Some other guys also promoting some useless shares in this forum.
Be vigilant.

Ya me too saw this thread in expert chamber sometime ago,it seems a moderator with common sense moved this back to the stock market talk,its funny we see such kind of behaviors in this forum...
its like suiciding when recommending shares in downtrend like this,when bull activates everyone is a great predictor,but you will find one or two ppl who can predict short runs in a bear market.

24Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Sun Oct 30, 2011 11:01 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I just moved the article to the Expert Chambers coz I think there is a good and professional discussion going on about this share. Expert chamber carries articles of good response and wider interest need not necessarily be a buy recommendation.

Please respect the the effort of the moderators.

25Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Mon Oct 31, 2011 12:09 am

Kumar


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Think9 wrote:

PE is no longer a valuable value in the modern investment strategies. and PE doesn't give any indication whether the share s good or not. This ratio started to use in 90s effectively but IBM proved in 2003 that this is a fail way of measuring whether the shares s over/under valued.

anyway if u google, u will managed to gain more information..




We all agree PE is not one and only one instrument to determine the stock value.
Please see the following
No of Shares 144.95 million
NAV=11.79
Cash Balance -339.95 million
Dividend Paid last FY - 0.50
Forwarded PER around 18.98 ( as at 28/10/2011 share price 32.00)
ROE (Forcast) - around 18%

Now decide at this price this stock is under valued/ over valued?
For me this is still over value.

26Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Mon Oct 31, 2011 12:50 am

tj


Equity Analytic
Equity Analytic
At Profit before tax level when you compare half yearly results current year is negative 7% compared to last year. Also their increase in cash and cash equivalent is also negative 158Mn. Top line growth is 14% but if you allow for inflation i don't think there is much of a real growth here as well. I think with their expansions one would have expected a higher increase in the top line. Even if we forget about the PE ratio other than the fact that the company is in a growth sector i also cant see a compelling reason for this share to be attractive. However as CSE had number of unexplainable rallies this could also go up.

Thx
tj

27Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Mon Oct 31, 2011 8:20 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
With a massive negative cash balance,and increasing finance costs, how prudent is it for ODEL to keep on opening few more stores??

28Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Sun Nov 06, 2011 1:24 pm

swan03


Vice President - Equity Analytics
Vice President - Equity Analytics
My adviser told me that this share just like "Pathola". Hondakuth na narakakuth na.

29Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Tue Nov 15, 2011 11:05 am

mark

mark
Expert
Expert
Laughing Laughing Laughing

30Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Tue Nov 15, 2011 11:32 am

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@swan03 wrote:My adviser told me that this share just like "Pathola". Hondakuth na narakakuth na.
Tell us the name and I want to ask him (she) how he (she) rates MASK today? Very Happy

31Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Tue Nov 15, 2011 1:18 pm

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i am going to sit in my IPO price. : by ODEL

32Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Sun Feb 26, 2012 10:46 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hi I relatively New to this forum,In fact i bought some shares of ODEL and have a limit order @22.50 for further 1500shares.I am eyeing 35per share in the future.22.50 price is derived fractionally below @23 Fib level. Any thoughts on that bounce

33Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Mon Feb 27, 2012 7:50 am

kelumhewage


Manager - Equity Analytics
Manager - Equity Analytics
even i have this which i have bought at 30 big quantity... i bought this when the price level was 40 to 50 and last year this went up to 52 ..... it will move.......i am collecting anyway....not a recomandation....

34Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Mon Feb 27, 2012 8:38 am

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is attractive to me only if it is below 20 and not at the present level.

35Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Mon Feb 27, 2012 11:12 am

kiwi

kiwi
Senior Equity Analytic
Senior Equity Analytic
There are some very interesting arguments for and against the stock. Also some very valid defending that the value of any stock in the end depends on its profitability - everything else is "noise". The PE ratio is very good measure, sure its not perfect, but its better than anything else at showing where things are with any particular share.

With regards to Odel, I made my own decision not to invest after visiting some of the stores. If all the stores had the same sort of visitor numbers as the main store, then I would have bought. But the reality is that there is hardly anyone at the other stores - at least when I have visited. So, as a single store it has been a great success, but as a chain I just don't think it has performed. That's purely based on my own personal, non-scientific view. So, if the future growth strategy is all about more and more new stores and all the investment, management focus is going into that, then I think the prospects are bleak.

I am very interested in what others have experienced when they have visited stores other than the flag ship store at eye hospital junction which is packed.

36Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Thu Mar 01, 2012 4:52 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@traderathome wrote:Hi I relatively New to this forum,In fact i bought some shares of ODEL and have a limit order @22.50 for further 1500shares.I am eyeing 35per share in the future.22.50 price is derived fractionally below @23 Fib level. Any thoughts on that bounce
i bought few stocks at 21.70 and averaged it to 23+ which is almost with market level.im targeting 35 area to sell off.should market sentiments are bearish and as a result odel shares slips further there will be double the limit order size waiting to catch on the discounted price around 10+12rs. cheers please DYDD drunken

37Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Thu Mar 01, 2012 8:32 pm

mark

mark
Expert
Expert
ha ha OLD THREADS Smile

38Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Sun Mar 04, 2012 8:47 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
presently there is know buying trigger based on my technicals.but looks a bargain purchasing in anticipation of higher prices.so imo it looks as if most of the traders are buying into the rumour,which is not good.as someone noted in previous post that buying at 20 also would be based on this theory.right now if you throw 100ma to the daily chart the current prices are well below that line unless price moves above it will not be of any interest.all what i have done is grid trading until this price moves above 100ma. Very Happy this is a bit risky though. Suspect

39Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Wed Mar 07, 2012 11:39 pm

lemuria


Manager - Equity Analytics
Manager - Equity Analytics
expect more competition. new chains coming in . P/E ratio more than 13 annualised 30/09/2011. P/B more than 2.

not worth at current price.

40Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Wed Mar 07, 2012 11:46 pm

lemuria


Manager - Equity Analytics
Manager - Equity Analytics
buy shares when P/E comes around 6 mate 7 watch interest rates too Wink

41Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Thu Mar 15, 2012 8:33 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@traderathome wrote:presently there is know buying trigger based on my technicals.but looks a bargain purchasing in anticipation of higher prices.so imo it looks as if most of the traders are buying into the rumour,which is not good.as someone noted in previous post that buying at 20 also would be based on this theory.right now if you throw 100ma to the daily chart the current prices are well below that line unless price moves above it will not be of any interest.all what i have done is grid trading until this price moves above 100ma. Very Happy this is a bit risky though. Suspect
I m placing a BUY order @ 18/-. for some more shares will keep you informed if order is filled Very Happy ..If you see the Harmonic Pattern thread...the BUY order is on ...have nt got a clue whether rs 18 is a thing in the past or will it reversed just FOR ME Rolling Eyes no hard feelings if i miss the train, there is some fish to FRY Basketball

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sri Lanka’s retail fashion industry is signaling an evolution supported by many developments taking place in the local market including the entry of select international fashion brands, says ODEL PLC.

Odel, the country’s leading fashion retailer made announced this observation while commenting on its latest annual report.

It also points out that this situation signals that Sri Lanka’s retail industry is maturing.

According to Ruchi Gunawardena, the Chairman of the listed ODEL PLC, many international retailers are looking to enter the local market.

“The entry of international brands to the market is as a result of the growth in tourism as well as an increase in consumer spending”, added ODEL.

It believes that producing a large number of fashion designers through well-established design schools too has helped this evolution.

“A select few of these designers have established fashion labels and have had their collections featured at forums such as Colombo Fashion Week as well as in regional and international fashion events”, added ODEL.

ODEL perceives this upsurge in talent and the entry of international brands as a future promise for the industry.

The fashion retailer also observes that the commerce between Sri Lankan designers, retailers and consumers is definitely gaining more ground.

ODEL, which has achieved a net profit of Rs. 202 million during the year 2011/2012 believes, that these latest trends translate into healthy competition for the retailer.

ODEL was found by model turned entrepreneur Otara Gunawardena who has first set up her shop in the boot of her car.
http://www.news360.lk/business-finance/news-sri-lanka%E2%80%99s-16-07-2012-retail-fashion-industry-is-signaling-an-evolution-odel-887865

43Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Wed Jul 18, 2012 9:06 am

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Look at their target market and the pricing strategy and ehere they have opened their show rooms. Only the flagship showroom is packed as KIWI mentioned.

They have to seriously look at the other retail showrooms performance

44Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Wed Jul 25, 2012 11:26 am

aliasjjj

aliasjjj
Senior Equity Analytic
Senior Equity Analytic
Why ODEL Share Trading So Actively Today...! Any News ?

45Odel! Where are you going? - Page 2 Empty Re: Odel! Where are you going? on Thu May 16, 2013 12:34 pm

duinvest

duinvest
Stock Analytic
Stock Analytic
Foreign Purchases(+) ODEL.N
Odel! Where are you going? - Page 2 15th_may_2013_top_30_net_foreign_purchases__sales-.bmp

http://asiaashan.weebly.com/

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