Motor sector shares affecting heavily on indexes

hariesha · 1 Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:27 am

hariesha

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From 1st March 2012

COLO is down 35%
DIMO is down 23%
UML is down 18%

Slstock · 2 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:36 am

Slstock

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hariesha wrote:From 1st March 2012

COLO is down 35%
DIMO is down 23%
UML is down 18%

Over-reacting and panicing is a usual trend at CSE. Some share trade around Pe of 3 and lesser than NAV. Guess people expect these companies to make losses and NAv to also go down further.

hariesha · 3 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:42 am

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Yes, DIMO is trading at NAV now.

kam2011 · 4 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:57 am

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slstock wrote:

hariesha wrote:From 1st March 2012

COLO is down 35%
DIMO is down 23%
UML is down 18%

Over-reacting and panicing is a usual trend at CSE. Some share trade around Pe of 3 and lesser than NAV. Guess people expect these companies to make losses and NAv to also go down further.

My personnel view is not only above 3 companies all motor companies would continue to make profits even with recent increase of duties and thereby NAV too go up. But the profitability could be dropped.And most interesting point is under present system high possibility is there to reduce the duty after couple of months stating ' increase of duty has badly affected the govt income and as a remedy duty cut is necessary on all vehicles.
'

hariesha · 5 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:41 pm

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DIMO down by 25% now

Gaja · 6 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:48 pm

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i am watching out the moments of the DIMO at the moment, from 950 to 750 in two days!

Gaja · 7 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:49 pm

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it seems some one is selling at 760 for an hour or so

Monster · 8 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:51 pm

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hariesha wrote:DIMO down by 25% now

EPF purchased 520,966 DIMO shares @ Rs.1,416 per share. What a massive loss incurred by EPF Evil or Very Mad

http://www.asiantribune.com/news/2011/06/15/sri-lanka-epf-buys-richard-pieris-and-dimo-devasurendra-and-thurston-investments

Gaja · 9 Re: Motor sector shares affecting heavily on indexes Wed Apr 04, 2012 11:59 am

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Will the motor sector shares be get firm at this level?

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Motor sector shares affecting heavily on indexes

1 Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:27 am

hariesha

2 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:36 am

Slstock

3 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:42 am

hariesha

4 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 11:57 am

kam2011

5 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:41 pm

hariesha

6 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:48 pm

Gaja

7 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:49 pm

Gaja

8 Re: Motor sector shares affecting heavily on indexes Tue Apr 03, 2012 1:51 pm

Monster

9 Re: Motor sector shares affecting heavily on indexes Wed Apr 04, 2012 11:59 am

Gaja

10 Re: Motor sector shares affecting heavily on indexes

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