INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Eranga87

Eranga87

Assistant Vice President - Equity Analytics

Posts : 703
Join date : 2020-01-27

last chance .30 buying..

thananjey

thananjey

Senior Equity Analytic

Posts : 51
Join date : 2020-09-24

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

Master D

Master D

Manager - Equity Analytics

Posts : 143
Join date : 2020-08-25

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

rights issue.

hiransilva23

hiransilva23

Senior Vice President - Equity Analytics

Posts : 1735
Join date : 2011-11-30

@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

Expert

Posts : 5
Join date : 2015-08-22

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

Eranga87

Eranga87

Assistant Vice President - Equity Analytics

Posts : 703
Equity Stars : 1397
Reputation : 37
Join date : 2020-01-27
Location : Telaviv

@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

Bakka1988

Manager - Equity Analytics

Posts : 256
Equity Stars : 1167
Reputation : 9
Join date : 2019-06-20
Age : 33
Location : Colombo

It will go to Rs 1 soon

Eranga87

Eranga87

Assistant Vice President - Equity Analytics

Posts : 703
Equity Stars : 1397
Reputation : 37
Join date : 2020-01-27
Location : Telaviv

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

Senior Equity Analytic

Posts : 70
Equity Stars : 2627
Reputation : 1
Join date : 2014-10-18

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

crs

crs

Senior Equity Analytic

Posts : 70
Equity Stars : 2627
Reputation : 1
Join date : 2014-10-18

Last Friday nearly 8.4% traded from issue quantity.

cselearner

cselearner

Stock Trader

Posts : 7
Equity Stars : 352
Reputation : 1
Join date : 2020-10-14

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

Assistant Vice President - Equity Analytics

Posts : 707
Equity Stars : 1164
Reputation : 11
Join date : 2020-07-06

@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

Manager - Equity Analytics

Posts : 130
Equity Stars : 475
Reputation : 2
Join date : 2020-10-21

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 9 Ase10

INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) - Page 9 Ase10

suku502

suku502

Senior Manager - Equity Analytics

Posts : 433
Equity Stars : 3136
Reputation : 3
Join date : 2014-10-16
Location : Negombo

@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

KingMaker2020

Equity Analytic

Posts : 42
Equity Stars : 366
Reputation : 0
Join date : 2020-11-03
Location : Colombo

@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

invest thinker

Manager - Equity Analytics

Posts : 273
Equity Stars : 643
Reputation : 9
Join date : 2020-10-15

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

Manager - Equity Analytics

Posts : 226
Equity Stars : 580
Reputation : 1
Join date : 2020-10-19

@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

RJ1010

Assistant Vice President - Equity Analytics

Posts : 707
Equity Stars : 1164
Reputation : 11
Join date : 2020-07-06

@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

geesura

Senior Manager - Equity Analytics

Posts : 447
Equity Stars : 861
Reputation : 3
Join date : 2020-09-01
Age : 18

@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

Equity Analytic

Posts : 34
Equity Stars : 354
Reputation : 0
Join date : 2020-11-07

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

Stock Trader

Posts : 1
Equity Stars : 243
Reputation : 0
Join date : 2021-01-24

This thread is quiet these days jocolor

Eranga87

Eranga87

Assistant Vice President - Equity Analytics

Posts : 703
Equity Stars : 1397
Reputation : 37
Join date : 2020-01-27
Location : Telaviv

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

Vice President - Equity Analytics

Posts : 1134
Equity Stars : 6547
Reputation : 18
Join date : 2011-04-26

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

Jana

Jana

Senior Vice President - Equity Analytics

Posts : 2624
Equity Stars : 9732
Reputation : 195
Join date : 2011-03-10

@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.

subash81

subash81

Assistant Vice President - Equity Analytics

Posts : 908
Equity Stars : 1261
Reputation : 1
Join date : 2020-10-08

@Jana wrote:

@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.

It went from 0.20 to 0.90 affraid

Any reason for that

Kanishka_2020

Kanishka_2020

Manager - Equity Analytics

Posts : 185
Equity Stars : 525
Reputation : 0
Join date : 2020-11-01
Location : Under The Sky

By looking at the volume it traded today I feel something is going on here.

634,934,371 traded today.

@1.20 level - 344,909,756 volume traded.

Do your own analysis for BSH.

ADVENTUS

ADVENTUS

Moderator

Posts : 245
Equity Stars : 745
Reputation : 6
Join date : 2020-07-02

@Kanishka_2020 wrote:By looking at the volume it traded today I feel something is going on here.

634,934,371 traded today.

@1.20 level - 344,909,756 volume traded.

Do your own analysis for BSH.

What does it mean?

pra4u

pra4u

Manager - Equity Analytics

Posts : 109
Equity Stars : 3844
Reputation : 3
Join date : 2011-07-20

@subash81 wrote:

@Jana wrote:

@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.

It went from 0.20 to 0.90

Any reason for that

i heard ASPH is the 17 th largest shareholder of EXPO

but this should a bubble and now over not sure

ASPH Valuations

Mkt price Rs 1.20
NAV (Rs.) 0.24
PBV (x) 5.10
PE TTM (x) 24.75

Rational Investor

Rational Investor

Manager - Equity Analytics

Posts : 256
Equity Stars : 782
Reputation : 5
Join date : 2020-05-12
Location : Dubai

A falling knife.

Sponsored content

Name*:
Phone number:
Email address*:
Comments*:
* - required fields	Learn

Can there be another Covid-19 wave in Sri Lanka?

Latest topics

INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

201 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 11:52 am

Eranga87

202 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 3:22 pm

thananjey

203 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 3:26 pm

Master D

204 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 3:42 pm

hiransilva23

205 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 3:51 pm

Imti2020

206 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 6:45 pm

Eranga87

207 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 9:48 pm

Bakka1988

208 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Fri Sep 25, 2020 10:58 pm

Eranga87

209 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Sep 27, 2020 1:11 pm

crs

210 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Sep 27, 2020 1:15 pm

crs

211 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Mon Nov 23, 2020 9:11 pm

cselearner

212 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Mon Nov 23, 2020 9:56 pm

RJ1010

213 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Mon Nov 23, 2020 11:14 pm

invest thinker

@RJ1010,

214 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Mon Nov 23, 2020 11:56 pm

C.THARANGA

215 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 12:39 pm

suku502

216 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 2:07 pm

KingMaker2020

217 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 3:14 pm

invest thinker

218 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 3:40 pm

DamithAsian

219 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 4:19 pm

RJ1010

220 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 5:27 pm

geesura

221 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Nov 24, 2020 6:44 pm

CSEdeSILVA

222 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Jan 24, 2021 11:50 am

CSEBets

223 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Jan 24, 2021 12:24 pm

Eranga87

224 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Jan 24, 2021 5:38 pm

sureshot

225 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Jan 24, 2021 5:57 pm

Jana

226 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Sun Jan 24, 2021 6:53 pm

subash81

227 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Mon Jan 25, 2021 5:29 pm

Kanishka_2020

228 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Jan 26, 2021 12:34 pm

ADVENTUS

229 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Jan 26, 2021 12:57 pm

pra4u

230 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) Tue Jan 26, 2021 1:25 pm

Rational Investor

231 Re: INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Sponsored content