BOGALA GRAPHITE LANKA PLC - Results

Monster · 1 BOGALA GRAPHITE LANKA PLC - Results Wed May 11, 2011 11:13 pm

Monster

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http://www.cse.lk/cmt/upload_report_file/664_1305112008.pdf

Net profit after tax - Rs2.74 million.
Earning per share - Rs0.06

Profit has dropped nearly 90% compare to the same period last year. Company has incurred Rs14.41 million loss in Foreign Currency exchange. Company was able to make 21.45 million profit in the quarter ended December 2010.

We have noticed retailers were chasing this share.

UKboy · 2 Re: BOGALA GRAPHITE LANKA PLC - Results Wed May 11, 2011 11:26 pm

UKboy

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Monster wrote:http://www.cse.lk/cmt/upload_report_file/664_1305112008.pdf

Net profit after tax - Rs2.74 million.
Earning per share - Rs0.06

Profit has dropped nearly 90% compare to the same period last year. Company has incurred Rs14.41 million loss in Foreign Currency exchange. Company was able to make 21.45 million profit in the quarter ended December 2010.

We have noticed retailers were chasing this share.

Thats probably the only reason why small investors madly followed this share last few days.

After bought the share at a higher price they will soon start moarning why BOGA is not going up..?
These small investors never learn a lesson.

Meta Trader · 3 Re: BOGALA GRAPHITE LANKA PLC - Results Wed May 11, 2011 11:32 pm

Meta Trader

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here we go again ......

Quibit · 4 Re: BOGALA GRAPHITE LANKA PLC - Results Thu May 12, 2011 12:45 am

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This is a good lead for the SEC to follow. Smoking guns!!!!
We have seen a startling article by one particular website which is making their intentions very clear and too obvious to the blind eye of the SEC. This is with the malicious intention of misleading the the poor investors to buy when the manipulators are selling.

It's very sad why people resort to this type of tactics.

Trader · 5 Re: BOGALA GRAPHITE LANKA PLC - Results Thu May 12, 2011 12:18 pm

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[mention][/mention] wrote:This is a good lead for the SEC to follow. Smoking guns!!!!
We have seen a startling article by one particular website which is making their intentions very clear and too obvious to the blind eye of the SEC. This is with the malicious intention of misleading the the poor investors to buy when the manipulators are selling.

It's very sad why people resort to this type of tactics.

Quibit,
This is the type of thing I was referring to in my post of 11/5/11 ' Has the CSE (or SEC) failed in its statutory functions? ' But there were no constructive replies. Question

Monster · 6 Re: BOGALA GRAPHITE LANKA PLC - Results Thu May 12, 2011 4:16 pm

Monster

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SEC has imposed price band on BOGA to restrict the downfall further.

Slstock · 7 Re: BOGALA GRAPHITE LANKA PLC - Results Thu May 12, 2011 4:27 pm

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Monster wrote:SEC has imposed price band on BOGA to restrict the downfall further.

BOGA is used as just another speculative tool to create great volatility as a gambling stock. I recall this was in higher Rs20s some time ago before the gambling trend started after a news item

Monster · 8 Re: BOGALA GRAPHITE LANKA PLC - Results Thu May 12, 2011 4:37 pm

Monster

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slstock wrote:

Monster wrote:SEC has imposed price band on BOGA to restrict the downfall further.

BOGA is used as just another speculative tool to create great volatility as a gambling stock. I recall this was in higher Rs20s some time ago before the gambling trend started after a news item

SEC has released ALUF from the price band. It's another gambling stock. Let's see how it's going to react tomorrow. SEC may have impose price band again by end of tomorrow trading. Wink