FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Hotel Sigiriya (HSIG) most undervalued & huge profit making Hotel
by Chalitha Tharanga Today at 6:44 pm

» Mahaweli Reach Hotels (MRH.N)
by Chalitha Tharanga Today at 6:41 pm

» Banking Sector (3Q 2024)
by ADVENTUS Today at 5:33 pm

» CSE to turn bullish after November 14 poll
by Rare Today at 10:13 am

» ලාභ විජ්ජාව!!
by D.G.Dayaratne Yesterday at 8:11 pm

» Prepare to be blown away..
by cpriya Yesterday at 1:05 am

» ‘Buy the Rumour, Sell the News’
by God Father Sat Nov 16, 2024 12:00 pm

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Sat Nov 16, 2024 9:56 am

» Oil prices fall further
by Rare Sat Nov 16, 2024 9:40 am

» Post-election winners.
by Rare Sat Nov 16, 2024 9:36 am

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Sat Nov 16, 2024 9:25 am

» Plantation Companies
by Rare Sat Nov 16, 2024 9:19 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Thu Nov 14, 2024 10:31 pm

» People's leasing VS Singer Finance IPO Analysis
by ddrperera Wed Nov 13, 2024 8:18 pm

» Insights into LOLC Advanced Technologies
by samaritan Wed Nov 13, 2024 10:41 am

» LOLC Tech's ambitious plans for global expansion
by samaritan Tue Nov 12, 2024 2:06 pm

» PLANTATION SECTOR
by God Father Sun Nov 10, 2024 8:19 pm

» People's leasing company, a hidden gem? (an analysis)
by Nandana Withanage Sun Nov 10, 2024 6:56 pm

» PEOPLE'S LEASING BUYING SIGNAL Target Price 19 ..PLEASE KEEP EYE ON THIS..
by nilantha suranga Sun Nov 10, 2024 9:16 am

» Peoples leasing technically positive Target Price Rs 20
by Shiranli Sun Nov 10, 2024 7:43 am

» Quarterly Research Updates (Sep 2024)
by God Father Sun Nov 10, 2024 7:42 am

» Peoples Leasing....!!! whts the target?
by rajithasahan Sun Nov 10, 2024 7:35 am

» PEOPLE'S LEASING & FINANCE PLC
by mafasmunaseer Sun Nov 10, 2024 12:45 am

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

CARE - ILLIQUID SHARE WITH HUGE POTENTIAL

+5
Monster
Rajitha
Meta Trader
mark
SmartMoney
9 posters

Go down  Message [Page 1 of 1]

SmartMoney

SmartMoney
Senior Equity Analytic
Senior Equity Analytic

It seems like it's the rally of the illiquid shares with very low proportions trading in the market , few days back I saw a post by wis " CSE is like stamp collecting " in that he had mentioned

" If you have 10 cent, old and torn stamp and if they're only 100 in the world then they are very expensive and goes for Rs.1000.
But if you have shiny new 100/- rupee stamp but if there are 10000 in the world then they are cheap and worthless. "


And with today's sudden interest on such stamps, I went through some & I think I found one more such stamp , with the current trend in the market I think CARE has got high potential to run high in the coming days.

http://www.cse.lk/cmt/upload_report_file/681_1295866641280.pdf

* Their financials are extraordinary

*For the quarter ended Dec 31st
-Net profits up by 121 %
-EPS 3.52

*For the 9 months ended Dec 31st
-Net profits up by 210 %
-EPS 9.28

*This gives us annualized EPS 12.37 & P/E 9.98 which is well below it's sector(manufacturing) P/E of 25.70

*In current conditions it should be trading @ 12.37*25.70 = 318 LKR

*Therefore I think it's trading @ a highly discounted price of 123.50

*Have a look @ it's order book, if some players puts his hands on this it can rise up to 155 LKR in 2 seconds with just putting Rs.342,000 on it. That's how all these other illiquid shares have been skyrocketing. With very few shares been traded, anyone can push up the share with a mouseclick @ considerably low cost.

*Do your own study, keep this in your watchlist, it might be the NEXT !!

mark

mark
Expert
Expert

well said quote..............
ya CARE have something Smile Smile Smile Smile Smile

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

this is the gambling at its best
Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes Rolling Eyes

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

IT seems like a good stock fundermentally man but not an illiquid stamp!
52 week volume is 6.8 million shares! which is 1/3 of the issued shares and so many are with retailers! Just few days ago, a single days trade was around 12500 shares! I can be that if it hit around Rs 150 there will be so many sellers ! Also share seems to be going down in large amounts because already there are sellers who would dump it even on a loss!

But what you looking for is a good medium term investment this might be good considering the data you produced is true!



Last edited by Rajitha on Mon Feb 28, 2011 11:41 pm; edited 1 time in total

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

It should be attractive if we collect it around 115/-. I can remember it went down to 115/- two weeks before.

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

CARE is a great share. It's part of Mr Merrill Fernando's holdings. What more can one say? However the question remains whether it's ideal time to invest in illiquid shares.

Also worth looking at is NEST. It has produced 50% growth but the share price is still around the last November levels. Again I am not saying you should buy this, just making an observation.

7CARE - ILLIQUID SHARE WITH HUGE POTENTIAL Empty Care Tue Mar 01, 2011 8:42 am

champion


Stock Trader

Agree with Smart money. this is a best stock. Market is in the peak, so we have to look at the stocks which has not moved with the market and the stocks which has good fundamentals . CARE, HSIG are recommended shares to buy.

SmartMoney

SmartMoney
Senior Equity Analytic
Senior Equity Analytic

Didn't expect this would go up this soon though
LOL

9CARE - ILLIQUID SHARE WITH HUGE POTENTIAL Empty The Investnow Effect Tue Mar 01, 2011 10:08 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

SmartMoney wrote:Didn't expect this would go up this soon though
LOL

SmartMoney it was pretty decent of you to have identified this stock and shared it with others. The sudden price rise is what I call the 'investnow effect'.

Whenever a share that is illiquid and/or a small cap with future prospects was identified by someone at investnow and if the event was followed by a few other members being in agreement, the price always shot up.

That's not a bad thing, but sometimes the price soon overtook the real value of share. There are so many examples including the two most famous ones (which I will not name because many gamblers are still in love with those shares).

SmartMoney

SmartMoney
Senior Equity Analytic
Senior Equity Analytic

*By looking at the today's price fluctuation chart , it can be seen it was played by someone for sure, it went up to 154 @ once and came back down.

*On the other hand what I see when I look at the order book is, it's still playable by such players, if some player decides to clear the book,

-With an investment of Rs. 296,000 he can clear up to 160
-Then he would have 2000 shares averaging @ 148 and trading @ 160
-Which eventually they would be able sell back around 155 levels
-That's about 15,000 gain within a day

-Even now there are more buyers than sellers for this stock
-With their recent perfomance & all the other plus factors I expect this share to go up on thursday too.



Last edited by SmartMoney on Tue Mar 01, 2011 11:36 pm; edited 1 time in total (Reason for editing : 2000 mistakenly entered as 200)

MarketResearch

MarketResearch
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Illiquid share are very risky.
It could rise as a rocket.
Sink like a bucket.

If you unable to sell them at the peak you have to wait and see for long time.
If you know the game, play with illiquid share.If not you are in trouble.
First identify at which level you are going to buy and at which level to exit.

If you are new to the market.Do not go to play.Defa You will burn.

Thanks.

mark

mark
Expert
Expert

look for illiquid shares with good fundamentals.........
correctly said by MR.......
good explanation by SMARTMONEY....
rep for both..............

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

MarketResearch wrote:Illiquid share are very risky.
It could rise as a rocket.
Sink like a bucket.

If you unable to sell them at the peak you have to wait and see for long time.
If you know the game, play with illiquid share.If not you are in trouble.
First identify at which level you are going to buy and at which level to exit.

If you are new to the market.Do not go to play.Defa You will burn.

Thanks.

MarketResearch. Take a bow. You seem to have learned a hell of a lot from the days you started here and racked up 97 negative reps to where you are now.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

tubal wrote:
MarketResearch wrote:Illiquid share are very risky.
It could rise as a rocket.
Sink like a bucket.

If you unable to sell them at the peak you have to wait and see for long time.
If you know the game, play with illiquid share.If not you are in trouble.
First identify at which level you are going to buy and at which level to exit.

If you are new to the market.Do not go to play.Defa You will burn.

Thanks.

MarketResearch. Take a bow. You seem to have learned a hell of a lot from the days you started here and racked up 97 negative reps to where you are now.




MarketResearch wrote:Illiquid share are very risky.
It could rise as a rocket.
Sink like a bucket.

If you unable to sell them at the peak you have to wait and see for long time.
If you know the game, play with illiquid share.If not you are in trouble.
First identify at which level you are going to buy and at which level to exit.

If you are new to the market.Do not go to play.Defa You will burn.

Thanks.


Rep from me. Yes I am very impressed about your change and the overall outlook . Keep it up MR.

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum