INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

Equityinvestor wrote:

RJ1010 wrote:Share price is not supported by financials. It’s heavily over valued now. Please read some other threads about ASPH on this forum for more details.
If you like to earn money by buying crap you should also be prepared to stink when you hold it. Please invest in more fundamentally valuable undervalued companies for the highest gain with minimum risk. CSE is not the best place for gambling if you are not experienced.

Ha ha...good one RJJ

thanx for the advise any way

RJ
Any updates on cflb.
Have you re-enter

You have got good answer/explanation from @RJ1010.

Please be careful when you going for such shares in future. Good luck bro!!

Thanks for the advice bro

It is on consolidation after hitting 1.50 yesterday. It will surprise all next week by reaching again 1.50

Kipling wrote:RJ
Any updates on cflb.
Have you re-enter

Hey @Kipling
The market is fluctuating too much these days.. cannot decide on a price point to re-enter CFLB. I wish I had not sold earlier.. one of my few regrettable decisions over the past few months. Lacked the patience.
I’m mostly buying very few undervalued stocks these days and taking profit from the ones I hold. Will wait for market corrections to enter some solid stocks again. The current battle for supremacy will die down soon after the reports are out and then will be the time to decide which stocks to buy.

Baba2020 wrote:It is on consolidation after hitting 1.50 yesterday. It will surprise all next week by reaching again 1.50

As of the status of the order book today, doesn’t seem there’s an upward momentum. Problem is there were too many buys at 0.20 and 0.30 for a long period of time. People who bought at that price can easily sell off even at > 0.5 and still get a big profit. That’s one reason you now see many selling at 0.7. There needs to be more buyers to absorb these selling but I feel due to the sudden drop retailers will be afraid to touch this share. Good luck if you are trading this. We don’t like to see anyone losing money. Be wise and trade quickly.

Just imagine the opportunity cost of holding and averaging ASPH, with no fundamental backing or earnings...shares with good fundamentals and earnings potential are doing well (DIPD, RCL, VONE, COMB etc) and you could have made huge gains with that money and still have confidence that your investment is secure than asph. Even we saw asph skyrocketing but we didn't get in, Y? Bcos it was probably be someones pump and dump.

This is a gud lesson for all u guys who are stuck with asph. We also have learnt the same lesson a long time ago, so now we stick to shares worth buying and holding.

For ppl with a small pct loss, I recommend sell and get out and invest that money in gud shares which r still without much attention. For others with big losses, well I hope it comes a day when u can exit at least at breakeven.

RJ1010 wrote:

Kipling wrote:RJ
Any updates on cflb.
Have you re-enter

Hey @Kipling
The market is fluctuating too much these days.. cannot decide on a price point to re-enter CFLB. I wish I had not sold earlier.. one of my few regrettable decisions over the past few months. Lacked the patience.
I’m mostly buying very few undervalued stocks these days and taking profit from the ones I hold. Will wait for market corrections to enter some solid stocks again. The current battle for supremacy will die down soon after the reports are out and then will be the time to decide which stocks to buy.

Can you please name the undervalued shares you're hitting on ???  

RJ
Are you on Twitter by the same name?

So it seems that many news traders are struggling with ASPH. I also don't see a point why the share should reach 1 or 1.2 rs again in near future. I would also recommend, getting out of it (realize the loss ) and enter a share with strong fundamentals.

Jana wrote:around 205Mn ASPH shares dump into the market at an average price of 1.30

What a Shame

how they are doing a dirty play.

Even ASPH not worth it 10Cts but they make 1300% profit from 10Cts stock

End of the day CSE control the small investors in so many ways




https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2002.02.2021%20-%2002_9502165041359926.pdf

https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2002.02.2021%20-%2001_9499884012065394.pdf

Ramanan director into action.... pathetic how they dump it on small investors. Assuming the director bought his stock at the right issue price of 0.2 and now sold at 1.20..... for 200million shares! Massive profit
We warned our folks here about this unrealistic pump

G.Ramanan had got majority of this shares in 2014 at rs201. Didn’t see him making purchases post the 1:4500 share split. With the split his cost per share was 0.04 cents. Now selling at average 1.20 he has made a cool profit of 235million this week.

I can imagine him waving at his shareholders and saying thank you come again!

directors sold lot of ASPH 205Mn shares above Rs.1.10 level. well, plan game. that is a thing, we told earlier, avoiding rally share. don't trust hereafter this cheap clas game.

High-flyer wrote:People who buy this share, deserve to get burned their fingers. Even with slightest financial literacy, they should able to understand what kind of company this is. 

Gambling has two out come. 

One winner, lot of losers.

Do not like to say this, but 

"Told You So" for whoever got ripped off. Sympathy.

High-flyer please advise is this good for .40 cents or it doesn't worth .20 even

Some members of this forum warned about this share when they split it. I THINK WE NEED TO BE VERY CAREFUL with shares going for split without real reason. This is a early warning for retailers before market get flood with splits

celtic tiger wrote:Some members of this forum warned about this share when they split it. I THINK WE NEED TO BE VERY CAREFUL with shares going for split without real reason. This is a early warning for retailers before market get flood with splits

[th]RANSACTION TYPE[/th][th]TRANSACTION DATE (DD/MM/YYYY)[/th][th]QUANTITY[/th][th]PRICE (LKR)[/th]

Sale	26 Jan 2021	25,000,000	1.40
Sale	26 Jan 2021	19,914,780	1.20
Sale	26 Jan 2021	30,658,710	1.00

Seems like another run coming... who hold this share at higher price ??

Any reason for ASPH to move  will history repeat

Again ASPH

I think again it'll reach Rs 1

People don't worry when the flight miss

Can anybody give a reason?? No Right. I thought so..

ASPH to the moon
The people who land on the moon have no way of coming back

viduranga wrote:

Technically anything can go up if there’s a rally… don’t let it fool you.

Check how you can support any price above 0.30 with fundamentals.

Does other shares trade based on fundamental these days ???  so why only question this? big joke right ?

another Director gonna get the benefit soon....