ASHA - another Illiquid stock now

Jana · 1 ASHA - another Illiquid stock now Tue May 10, 2011 5:25 pm

Jana

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ASHA - another Illiquid stock now ...

I already point out of this stock when its traded under 250/= level .. it is another Illiquid stock now.. the company buy back the most of stock by mandatory offer. its like SING ( Sing also buy back the most of stock by mandatory offer) now its only less than 20000 shares are trade able stock in the market.

ASHA-

Prev Close (Rs.): 293.40
Closing Price (Rs.): 330.00
All Time High (Rs.): 365.00
All Time Low (Rs.): 12.25

It may go up to 500/= level...

Any comments please...

Day`s Price Range (Rs.): 305.00 - 365.00
WTD* Share Volume: 19,400
MTD* Share Volume: 27,300[i]

Antonym · 2 Re: ASHA - another Illiquid stock now Tue May 10, 2011 5:40 pm

Antonym

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This share is not liquid (Public Shareholding = 1.57%)

So, as a value investor, what do I see?
Negatives:
Loss making company
Latest NAV = Rs 45.02 (Last traded price = Rs 335)
Negative operating cash flow
No sign of turnaround
Positives
Question

Antonym · 3 Re: ASHA - another Illiquid stock now Tue May 10, 2011 5:42 pm

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Just so we're clear, the negative Rep was not by me! Smile

spica · 4 Re: ASHA - another Illiquid stock now Tue May 10, 2011 5:49 pm

spica

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To add to what antonym said, this company has ceased operations.

http://cse.lk/cmt/uploadAnnounceFiles/3841274070228_511.pdf

Monster · 5 Re: ASHA - another Illiquid stock now Tue May 10, 2011 6:00 pm

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spica wrote:To add to what antonym said, this company has ceased operations.

http://cse.lk/cmt/uploadAnnounceFiles/3841274070228_511.pdf

This is another good lesson for those who follows illiquid shares with no fundamentals. In the morning it was ALUF. Now ASHA.

Antonym wrote:This share is not liquid (Public Shareholding = 1.57%)

So, as a value investor, what do I see?
Negatives:
Loss making company
Latest NAV = Rs 45.02 (Last traded price = Rs 335)
Negative operating cash flow
No sign of turnaround
Positives

@Antonym, if you are a medium term or long term investor you should worry about EPS and NAV. But these illiquid shares are chased by gamblers. So, they don't worry about EPS and NAV.

Intrinsic · 6 Re: ASHA - another Illiquid stock now Tue May 10, 2011 8:13 pm

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Monster wrote:

spica wrote:To add to what antonym said, this company has ceased operations.

http://cse.lk/cmt/uploadAnnounceFiles/3841274070228_511.pdf

This is another good lesson for those who follows illiquid shares with no fundamentals. In the morning it was ALUF. Now ASHA.

Antonym wrote:This share is not liquid (Public Shareholding = 1.57%)

So, as a value investor, what do I see?
Negatives:
Loss making company
Latest NAV = Rs 45.02 (Last traded price = Rs 335)
Negative operating cash flow
No sign of turnaround
Positives

@Antonym, if you are a medium term or long term investor you should worry about EPS and NAV. But these illiquid shares are chased by gamblers. So, they don't worry about EPS and NAV.

Now two companies, namely ASHA & ALUF have released announcements recently. ASHA has ceased its operation & leased its properties to SL army. ALUF has announced its plight. My concern is the fate of the present shareholders of these two companies. What is legal support they would have ?

Are there any more such companies listed in CSE currently ?

Jana · 7 Re: ASHA - another Illiquid stock now Tue May 10, 2011 9:13 pm

Jana

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[/quote]
@Antonym, if you are a medium term or long term investor you should worry about EPS and NAV. But these illiquid shares are chased by gamblers. So, they don't worry about EPS and NAV.[/quote]

Thanks Guys ... thats rights @monster, these illiquid shares are chased by gamblers. So, they don't worry about EPS and NAV.

intresting information I got from you guys.

anyway my theory is "first in first out" I enterd in ALUF in 80/= level but I quit also before 110/= level then I am so feared to catch that.. but I got small small QTY then sold.

Now I got just 200 ASHA @ 309 level .. I placed sell @ 380/= but I couldn't .. any way I thing I can quit without loss... will see..

wikum100 · 8 Re: ASHA - another Illiquid stock now Tue May 10, 2011 11:13 pm

wikum100

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Jana wrote:

@Antonym, if you are a medium term or long term investor you should worry about EPS and NAV. But these illiquid shares are chased by gamblers. So, they don't worry about EPS and NAV.[/quote]

Thanks Guys ... thats rights @monster, these illiquid shares are chased by gamblers. So, they don't worry about EPS and NAV.

intresting information I got from you guys.

anyway my theory is "first in first out" I enterd in ALUF in 80/= level but I quit also before 110/= level then I am so feared to catch that.. but I got small small QTY then sold.

Now I got just 200 ASHA @ 309 level .. I placed sell @ 380/= but I couldn't .. any way I thing I can quit without loss... will see..

anyway be careful oneday you will be seriously burnt your fingers my dear...
[/quote]

Meta Trader · 9 Re: ASHA - another Illiquid stock now Wed May 11, 2011 12:27 am

Meta Trader

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Jana wrote:ASHA - another Illiquid stock now ...

I already point out of this stock when its traded under 250/= level .. it is another Illiquid stock now.. the company buy back the most of stock by mandatory offer. its like SING ( Sing also buy back the most of stock by mandatory offer) now its only less than 20000 shares are trade able stock in the market.

ASHA-

Prev Close (Rs.): 293.40
Closing Price (Rs.): 330.00
All Time High (Rs.): 365.00
All Time Low (Rs.): 12.25

It may go up to 500/= level...

Any comments please...

Day`s Price Range (Rs.): 305.00 - 365.00
WTD* Share Volume: 19,400
MTD* Share Volume: 27,300[i]