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My appreciation fully goes to Prof. Chanaka Jayawrdhana for giving his opinion about SIRA. Based on his idea, I thought of writing in view of SIRA. After my web post, People who collected @ 2.30 – 2.40 are now in a very profitable / safe margin. Let me explain his idea further;
As per the last financial statements released on 14th Oct 2014,
SIRA: Net Profit for the Period - 90.7 Million (while share price @ 2.60 NOW -14/11/14)
(However, Kalani Cable (KCAB) Net Profit for the period - 70.7 Million (while share price @ 101.90 NOW - 14/11/14)
SIRA: Total comprehensive Income/(Expense) As Sept. 2014: 130.02 Million (Sept. 2013: 5.18 Million)
SIRA: Growth of Net Asset Value (NAV) from 0.02 to 0.20 (1000% growth)
SIRA: 1000% growth is Excellent Performance
SIRA: Holding of EPF as in June 2014 - 8 113 032 Percentage (% 1.51)
Holding of EPF as in Sept. 2914 - 24,624,126 Percentage (% 4.58)
Acquired Shares by EPF for the Period - 16,511,094 Percentage up by (%3.07)
SIRA: As per the table below, this is after EPF acquisition recently (16.5 Million – before 1st of Oct 2014). If someone has already collected, or still collecting – he/she may play wonders since SIRA has started performing well, and it is largely worthy at this price for a corporate client. It may be good in short term and long term as well. The World copper price has comparatively come down, and it will also make positive margin in profit. Colombo harbor project and other massive constructions in Sri Lanka are in progress. Cable industry is pivotal under such environment. There is a strong possibility of entering foreign buyers into SIRA soon. EPF has already started in consolidation.
It is good to remember that Month to Date Volume is now passing 32.4 Million.
(This article was prepared on 14th Nov 2014 after a lengthy discussion with Prof. Chanaka Jayawardhana. He further advises not to buy / sell because of this note. This is only a technical analysis for your +/- comments. Equity Market is highly volatile, but it may be profitable largely when your way in/out would be at the right time)
As per the last financial statements released on 14th Oct 2014,
SIRA: Net Profit for the Period - 90.7 Million (while share price @ 2.60 NOW -14/11/14)
(However, Kalani Cable (KCAB) Net Profit for the period - 70.7 Million (while share price @ 101.90 NOW - 14/11/14)
SIRA: Total comprehensive Income/(Expense) As Sept. 2014: 130.02 Million (Sept. 2013: 5.18 Million)
SIRA: Growth of Net Asset Value (NAV) from 0.02 to 0.20 (1000% growth)
SIRA: 1000% growth is Excellent Performance
SIRA: Holding of EPF as in June 2014 - 8 113 032 Percentage (% 1.51)
Holding of EPF as in Sept. 2914 - 24,624,126 Percentage (% 4.58)
Acquired Shares by EPF for the Period - 16,511,094 Percentage up by (%3.07)
SIRA: As per the table below, this is after EPF acquisition recently (16.5 Million – before 1st of Oct 2014). If someone has already collected, or still collecting – he/she may play wonders since SIRA has started performing well, and it is largely worthy at this price for a corporate client. It may be good in short term and long term as well. The World copper price has comparatively come down, and it will also make positive margin in profit. Colombo harbor project and other massive constructions in Sri Lanka are in progress. Cable industry is pivotal under such environment. There is a strong possibility of entering foreign buyers into SIRA soon. EPF has already started in consolidation.
It is good to remember that Month to Date Volume is now passing 32.4 Million.
(This article was prepared on 14th Nov 2014 after a lengthy discussion with Prof. Chanaka Jayawardhana. He further advises not to buy / sell because of this note. This is only a technical analysis for your +/- comments. Equity Market is highly volatile, but it may be profitable largely when your way in/out would be at the right time)
