INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Eranga87

Eranga87

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last chance .30 buying..

thananjey

thananjey

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This share came dwn from 449/- to 0.3 cents???
Why is that???

Master D

Master D

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@thananjey wrote:This share came dwn from 449/- to 0.3 cents???
Why is that???

rights issue.

hiransilva23

hiransilva23

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@Master D wrote:

@thananjey wrote:This share came dwn from 449/- to 0.3 cents???
Why is that???

rights issue.

Still confused

449 to .30 means how many times depreciated

Imti2020

Imti2020

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There was a split in March 2020 for every share held they gave another 4500 shares free,

Eranga87

Eranga87

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@Master D wrote:

@thananjey wrote:This share came dwn from 449/- to 0.3 cents???
Why is that???

rights issue.

ASPH announced share sub-division (1;4500) on 20th March 2020, the effect from 18th May. share subdivision is where the shares in an existing share class are each subdivided into two or more new shares.
In this case- ASPH, if you got 1 share, after sub-division, you entitled to get 4500 no.of shares. At that time, share traded @ Rs.350-450 level (NAV Rs.825). after subdivision, investor ASPH Avg. cost is 0.07cents (NAV Rs.0.17cents). after a few days, they announced the right issue @ 0.20 cents.

ASPH share split really benefited person who got ASPH before the share split. within few people earned more than 100% returns. ASPH always thinking their stakeholder, and try to give maximum value them. ASPH is a really wealth maximization share of investors. try to hold, again they will give more capital gains rather than a dividend.

Bakka1988

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It will go to Rs 1 soon

Eranga87

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Need to more times.. touch RS.1. If It touched Rs. 1 within a short period. have more chances comeback bottom level. it is not good for the stability of share. it will take time to stable @ 0.30CENTS. with market conditions, It will go to another step 0.40cents.

crs

crs

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Last Thursday & Friday nearly 12.2% traded from totally issued quantity.

crs

crs

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Last Friday nearly 8.4% traded from issue quantity.

cselearner

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Dear Experts,
What you opinion for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future.
As per the Budget 2021, there will by strong demand for asphalt for the Road development projects.
Since ASPH produces SEALKOTE

(BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

RJ1010

RJ1010

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@cselearner wrote:Dear Experts,
What you opinion for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future.
As per the Budget 2021, there will by strong demand for asphalt for the Road development projects.
Since ASPH produces SEALKOTE (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.

invest thinker

@RJ1010,

C.THARANGA

C.THARANGA

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YES. @investor thinker. agreed with what you said. Anyway, recently i saw, Dr. Senthivel bought over 140 Mn no. shares @ 0.30 cents.

INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) - Page 11 Ase10

INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) - Page 11 Ase10

suku502

suku502

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@RJ1010 wrote:

@cselearner wrote:Dear Experts,
What you opinion for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future.
As per the Budget 2021, there will by strong demand for asphalt for the Road development projects.
Since ASPH produces SEALKOTE (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.

i too agree with u , this is a high risk share .
after split ASPH Avg. cost is 0.07cents. but in the mkt it should be trade .10 cents since there is no .07 or .08 . look at the share holding composition , it will give the answer . before the split , the price went without any concrete reason (to around 400 +). ??? is why CSE/ Sec not inquire the these type of splits , actually there is hidden game. there may be capital gain but new comers should learn with past experience . for me this share not worth .05 rs. be careful .

KingMaker2020

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@suku502 wrote:

@RJ1010 wrote:

@cselearner wrote:Dear Experts,
What you opinion for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future.
As per the Budget 2021, there will by strong demand for asphalt for the Road development projects.
Since ASPH produces SEALKOTE (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.

i too agree with u , this is a high risk share .
after split ASPH Avg. cost is 0.07cents. but in the mkt it should be trade .10 cents since there is no .07 or .08 . look at the share holding composition , it will give the answer . before the split , the price went without any concrete reason (to around 400 +). ??? is why CSE/ Sec not inquire the these type of splits , actually there is hidden game. there may be capital gain but new comers should learn with past experience . for me this share not worth .05 rs. be careful .

Very well said. This is such a mystery share..
We, as traders, analyse before making a decision, otherwise it is considered a gamble.

invest thinker

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suku502

@RJ1010 wrote:

@cselearner wrote:Dear Experts,
What you opinion for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future.
As per the Budget 2021, there will by strong demand for asphalt for the Road development projects.
Since ASPH produces SEALKOTE (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.

i too agree with u , this is a high risk share .
after split ASPH Avg. cost is 0.07cents. but in the mkt it should be trade .10 cents since there is no .07 or .08 . look at the share holding composition , it will give the answer . before the split , the price went without any concrete reason (to around 400 +). ??? is why CSE/ Sec not inquire the these type of splits , actually there is hidden game. there may be capital gain but new comers should learn with past experience . for me this share not worth .05 rs. be careful .

@suku502,

before , split or whatever, first must need to take approval CSE. after consider figures & facts, ULTIMATE regulatory authorizer CSE. not you. ASPH really think about their existing shareholders than others. That's thing, they always maximize shareholders wealth. ok, i ll come to topic.

how did you measure RISK in ASPH? we need to your calculation. before ASPH split NAV is Rs.1088. market traded @ RS. 450. AFTER split NAV 0.24cents and Now, NAV is RS.0.29Cents. ASPH trade in similar to NAV. when we compare with others, ASPH IS REALLY worth. BECAUSE other less than RS.1 share traded over NAV 2 more times. Anyway, this budget so benefited to ASPH too. ASPH holders really lucky.

Compare with others less Rs.1 shares, can understand over/under or fairly value shares.

share NAV Market price

ASPH 0.29 0.30
MULL 0.21 1.10
TESS 0.33 0.70
CSF 0.79 1.10
BERU 0.44 1.00
SEMB 0.57 0.60
BLUE 0.30 0.70

SOME people repeated about split of ASPH. after 5 years, this people talk about this split. they never think out of box. compare with less 1 rupees shares, ASPH, really WORTH @ Current level. They expand their non co-business activities with using half of right issue fund. Recently, Dr.Senthilverl bought over 142Mn shares @0.30 cents and increase no. of shares up to 368Mn shares.
others haven't any reasonable proved evidence, every times, talks regarding ASPH share split not other thing. never see future benefits. GL.

DamithAsian

DamithAsian

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@Invest Thinker

What is happened to the CSE? Even after a positive budget also there is no motivation. Some twitters have said needful to propose reduction of Transactions fee from the government as well. What is your opinion

RJ1010

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@DamithAsian wrote:@Invest Thinker

What is happened to the CSE? Even after a positive budget also there is no motivation. Some twitters have said needful to propose reduction of Transactions fee from the government as well. What is your opinion

Out of topic son...

There’s a heated exchange on this ASPH thread

this is wolf of Wall Street stuff
Opinions clearly are divided. There’s pros and cons mentioned in this entire thread. Let new investors read through and decide for themselves.

geesura

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@vikiperera wrote:

@ColomboCSE wrote:CASH FLOW බැලුවම මට නම් මට නම් හොදක් පෙන්නේ නැ...

ඔයා ඕක බල බල ඉන්න ලංකාව මාකට් එක උඩට යන්න පහලට යන්න ඕක බලපාන්නෙ නෑ.

on point

CSEdeSILVA

CSEdeSILVA

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If someone wants more gain better this share. 25% profit guaranteed.
If buy @0.30cents and more to 0.40 cents, 25% profit sure. it may move with in short time of period.
As per last financial report N.A.V - 0.29 cents. So it's no risk at all.

CSEBets

CSEBets

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This thread is quiet these days jocolor

Eranga87

Eranga87

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earlier i positive with past price level. now too much higher. be safe. i prevent such shares. see my comment 25 sep. 2020. any times, it will reverse. be careful.

sureshot

sureshot

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Dr.Senthil Vel may any time dump his stake .
His profit is more than 100% now .
Same happen to PAP.
Be careful....

Jana

Jana

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@sureshot wrote:Dr.Senthil Vel may any time dump his stake .
His profit is more than 100% now .
Same happen to PAP.
Be careful....

what happened to PAP? PAP sold to another party not dump in the market PAP will move with other power and energy, POWER and ENERGY are SLEEPING GIANT

ASPH is listed under Materials ..like CIC, LALU , ALUM , TKYO , UCAR , GLAS..ETC

but I don't recommend ASPH in this price to buy but support to PAP.

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INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

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