Who is right and who is wrong?

I hold RICH / JINS / GLAS & NTB to name a few and all the experts say here that they are very sound shares; yet why that is not reflected on the floor of the market?

Are we missing something else and or who is right and who is wrong?

During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Kithsiri wrote:I hold RICH / JINS / GLAS & NTB to name a few and all the experts say here that they are very sound shares; yet why that is not reflected on the floor of the market?

Are we missing something else and or who is right and who is wrong?

Kithsiri, we are in a bear market still so their true value will not be reflected now. A bull run will be needed whenever. Also these are not the only shares even with solid growth potential trading below their value.

Share like RICH has dropped form top RS 16 to 7. Even with reduced forecasts for 2012 (example earnings of Rs 0.8 ) RICH is trading below market.
So the capital gains depend on the holding power till true bull run. I presume you bought for long term right? Else for short term all these share can have more volatility. What is yoru goal?

Trading share are different. The share you mentioned do not move by big jumps unless their is a run.

So who is right. Until bear prevail bears will be right. When true bull starts some bulls will be right.

Thank guys & you suspected that I am in for long haul So I am prepared to wait out.

aj wrote:During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Well need to be fair on one thing. Samapth is still trading below market and sector PEs. Also we cannot say it does not have growth potential also.

Many share got caught up in the bear trend irrespective of their performance capacities. Some more than the other. I presume you agree.

slstock wrote:

aj wrote:During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Well need to be fair on one thing. Samapth is still trading below market and sector PEs. Also we cannot say it does not have growth potential also.

Many share got caught up in the bear trend irrespective of their performance capacities. Some more than the other. I presume you agree.

Could you please elaborate how Sampath or for that matter any bank could grow under the present circumstance. Central bank has basically squeezed the necks of all banks buy capping credit which is their main business. Market is yet to discount this. How about lowering GDP forecast ? Smart money is already offloading banks and as usual the dumb are collecting. Very similar to plantations stocks an year ago.

slstock wrote:

aj wrote:During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Well need to be fair on one thing. Samapth is still trading below market and sector PEs. Also we cannot say it does not have growth potential also.

Many share got caught up in the bear trend irrespective of their performance capacities. Some more than the other. I presume you agree.

ma dear friend AJ,

Y do u criticise our respected senior members left & rite? Mate one or two years ago things were not same as now mate. Will use our grey matter before we criticise others

1. Mate look at deposit rates/interest rates nw & one or two years ago. deposit rate 5% mean P/E 20, so stocks with p/E around 12 wud be ok to buy

2. who excpected mate Nivard Cabal will screw up our foriegn exchange reserves & exchange rates

3. Who expected govt. will spoil da peace we had in 2009 & 2010. every1 expected govt will find solutions to ethnic issue & develop country. they did de opposite .

mate dont compare now & 1 or 2 years ago. things r not same now & then.

mate if u had advised members dat time. it cud have been helpful

I see nothing wrong with Illuminite's response and now people found another scapegoat in Cabrral.

lemuria wrote:

slstock wrote:

aj wrote:During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Well need to be fair on one thing. Samapth is still trading below market and sector PEs. Also we cannot say it does not have growth potential also.

Many share got caught up in the bear trend irrespective of their performance capacities. Some more than the other. I presume you agree.

ma dear friend AJ,

Y do u criticise our respected senior members left & rite? Mate one or two years ago things were not same as now mate. Will use our grey matter before we criticise others

1. Mate look at deposit rates/interest rates nw & one or two years ago. deposit rate 5% mean P/E 20, so stocks with p/E around 12 wud be ok to buy

2. who excpected mate Nivard Cabal will screw up our foriegn exchange reserves & exchange rates

3. Who expected govt. will spoil da peace we had in 2009 & 2010. every1 expected govt will find solutions to ethnic issue & develop country. they did de opposite .

mate dont compare now & 1 or 2 years ago. things r not same now & then.

mate if u had advised members dat time. it cud have been helpful

things R worst now but not one or two years ago. so stop comparing posts nw & two years ago

One more topic ending again in typical "යන්නේ කෝහෙද මල්ලේ පොල්" style. Way to go Patha !

Kithsiri wrote:One more topic ending again in typical "යන්නේ කෝහෙද මල්ලේ පොල්" style. Way to go Patha !

wat do u mean mate?

lemuria wrote:

Kithsiri wrote:One more topic ending again in typical "යන්නේ කෝහෙද මල්ලේ පොල්" style. Way to go Patha !

wat do u mean mate?

Discussing other things which do not connect to the topic.

Roboticfx wrote:

lemuria wrote:

Kithsiri wrote:One more topic ending again in typical "යන්නේ කෝහෙද මල්ලේ පොල්" style. Way to go Patha !

wat do u mean mate?

Discussing other things which do not connect to the topic.

I like when guys talk like a MAN. I mean say clearly "who", "why" "what" etc

Terrible. Everyone seems to loose their heads too!

illuminati wrote:Terrible. Everyone seems to loose their heads too!

Everyone means mate? WHO?

Kithsiri wrote:I hold RICH / JINS / GLAS & NTB to name a few and all the experts say here that they are very sound shares; yet why that is not reflected on the floor of the market?

Are we missing something else and or who is right and who is wrong?

* I don't know at what cost you purchased NTB. There was a trading opportunity about three weeks back...it went to 64/-+. There may be a short term opportunity again in NTB within next two weeks. This is one of the counters that we can expect a local to foreign trade. Only thing I am not sure about the price. JKH and CFIN have to trim their holdings before 31st March. But may happen much sooner and most probably a foreign party may enter.

* JINS profits a less than last year. But this profit is commendable as they haven't gained anything from the share investments (actually a loss) compare to last year. But it's very cheap compare to other insurance companies. We have to wait till market recovers.

* RICH is also a very promising share. Their retail operation is expanding at a very high rate than Cargills and Keells.

* I am not that optimistic on GLASS. Their margins may affect due to rising energy costs. On the other hand their export competiveness is now high due to rupee devaluation. But they catering to niche markets. So we have to see how they perform in the 4th quarter.

Just my opinion for the topic.

illuminati wrote:

slstock wrote:

aj wrote:During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Well need to be fair on one thing. Samapth is still trading below market and sector PEs. Also we cannot say it does not have growth potential also.

Many share got caught up in the bear trend irrespective of their performance capacities. Some more than the other. I presume you agree.

Could you please elaborate how Sampath or for that matter any bank could grow under the present circumstance. Central bank has basically squeezed the necks of all banks buy capping credit which is their main business. Market is yet to discount this. How about lowering GDP forecast ? Smart money is already offloading banks and as usual the dumb are collecting. Very similar to plantations stocks an year ago.

The cap is at 23%. So there's enough room to grow. When they can expand the credit book by 23%, even with rising expenses they can record more than 15% bottom line.
In 2011 bank profits are with branch expansions. But in 2012 most banks will try to consolidate. This will reduce their non-recurring expenses. I think this is why foreigners are buying in to banks.

hariesha wrote:

illuminati wrote:

slstock wrote:

aj wrote:During the last 1 or 2 years ago, if you read the old posts most of the people including the experts said Sampath is an undervalued share, value gem, one of the best shares going at a very low PE ratio, ... when it was going around 270+! Check the old posts.

Well need to be fair on one thing. Samapth is still trading below market and sector PEs. Also we cannot say it does not have growth potential also.

Many share got caught up in the bear trend irrespective of their performance capacities. Some more than the other. I presume you agree.

Could you please elaborate how Sampath or for that matter any bank could grow under the present circumstance. Central bank has basically squeezed the necks of all banks buy capping credit which is their main business. Market is yet to discount this. How about lowering GDP forecast ? Smart money is already offloading banks and as usual the dumb are collecting. Very similar to plantations stocks an year ago.

The cap is at 23%. So there's enough room to grow. When they can expand the credit book by 23%, even with rising expenses they can record more than 15% bottom line.
In 2011 bank profits are with branch expansions. But in 2012 most banks will try to consolidate. This will reduce their non-recurring expenses. I think this is why foreigners are buying in to banks.

i will have look at the charts first...and make my comment...anyway thanks for sharing the piece of info....