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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CEYLON GRAIN ELEVATORS PLC (GRAN.N0000)

CEYLON GRAIN ELEVATORS PLC (GRAN.N0000)

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21CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 07, 2011 10:59 pm

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics
BFL could go up tomorrow....... today seen some shake......

22CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 07, 2011 11:08 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
at times there was only 5% buyers against the sellers. When you look at the selling pressure and last few weeks pattern, I feel GRAN will touch 165 level again

23CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Fri Apr 08, 2011 12:56 am

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics
@Light of Hope wrote:at times there was only 5% buyers against the sellers. When you look at the selling pressure and last few weeks pattern, I feel GRAN will touch 165 level again

Idon't think so.resistance on 170 levels

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
@ruwa925 wrote:
@Light of Hope wrote:at times there was only 5% buyers against the sellers. When you look at the selling pressure and last few weeks pattern, I feel GRAN will touch 165 level again

Idon't think so.resistance on 170 levels

How did it go to 165 levels previously? Is this new resistance level for April? Please let me know how you came up with this resistance level. It can't be buying pressure, because there wasn't much buying pressure even at 165 level

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics
@Light of Hope wrote:
@ruwa925 wrote:
@Light of Hope wrote:at times there was only 5% buyers against the sellers. When you look at the selling pressure and last few weeks pattern, I feel GRAN will touch 165 level again

Idon't think so.resistance on 170 levels

How did it go to 165 levels previously? Is this new resistance level for April? Please let me know how you came up with this resistance level. It can't be buying pressure, because there wasn't much buying pressure even at 165 level

let we see tomorrow

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Its the same story with most of other good stocks.

Eg, RICH is going down n down. i brought hell of a lot at 13.80 and 13.90 but today it was easily selling for 13.50.... I wonder how deep the pit is....

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@chamith wrote:Its the same story with most of other good stocks.

Eg, RICH is going down n down. i brought hell of a lot at 13.80 and 13.90 but today it was easily selling for 13.50.... I wonder how deep the pit is....

Chamith get a feeling there was some force selling with RICH over the T+5 issue.

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
do not make stock price valuations when they sell on daily below avg volume. if a stock sell way below the price on below avg daily volume i take that as an opportunity.

29CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Fri Apr 08, 2011 10:04 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
@ruwa925 wrote:
@Light of Hope wrote:
@ruwa925 wrote:
@Light of Hope wrote:at times there was only 5% buyers against the sellers. When you look at the selling pressure and last few weeks pattern, I feel GRAN will touch 165 level again

Idon't think so.resistance on 170 levels

How did it go to 165 levels previously? Is this new resistance level for April? Please let me know how you came up with this resistance level. It can't be buying pressure, because there wasn't much buying pressure even at 165 level

let we see tomorrow

I guess it's below your resistance level now

30CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Fri Apr 08, 2011 10:23 pm

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics
@Light of Hope wrote:
@ruwa925 wrote:
@Light of Hope wrote:
@ruwa925 wrote:
@Light of Hope wrote:at times there was only 5% buyers against the sellers. When you look at the selling pressure and last few weeks pattern, I feel GRAN will touch 165 level again

Idon't think so.resistance on 170 levels

How did it go to 165 levels previously? Is this new resistance level for April? Please let me know how you came up with this resistance level. It can't be buying pressure, because there wasn't much buying pressure even at 165 level

let we see tomorrow

I guess it's below your resistance level now

Yes your'ecorrect so now it's your turn to mention a resistance price?

31CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Fri Apr 08, 2011 11:50 pm

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics
so what's your average on GRAN. Don't worry and don't sell at a lost, it should pick up.

Well It won't go below 165, that's the bottom it reached during credit clearance.

I just read your new post as well, seems you are worried.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@ruwa925 wrote:Last few days there is lot of selling wev'e seen,any idia?

Ruwa,
All stock are like this it goes up and then it comes down before another run. it won;t go straigh up. Remember that GRAN was trading from RS 30 -Rs60 last year before the spike to RS 260!. There were many people who might have bought this in the RS 60-100s range who might still have some. So it seems there are sellers still ( maybe taking profit or mayeb selling for margin calls) . So when the sellers go away the price will go upwards. We saw this hitting Rs 190s recently in a small run and again it came down. SO if you bought medium term do not worry for these short term downhills. There is also a buy recommendation for a stock broker for this share.

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics
@slstock wrote:
@ruwa925 wrote:Last few days there is lot of selling wev'e seen,any idia?

Ruwa,
All stock are like this it goes up and then it comes down before another run. it won;t go straigh up. Remember that GRAN was trading from RS 30 -Rs60 last year before the spike to RS 260!. There were many people who might have bought this in the RS 60-100s range who might still have some. So it seems there are sellers still ( maybe taking profit or mayeb selling for margin calls) . So when the sellers go away the price will go upwards. We saw this hitting Rs 190s recently in a small run and again it came down. SO if you bought medium term do not worry for these short term downhills. There is also a buy recommendation for a stock broker for this share.

tnx sl.....

ruwa925


Manager - Equity Analytics
Manager - Equity Analytics
@Light of Hope wrote:so what's your average on GRAN. Don't worry and don't sell at a lost, it should pick up.

Well It won't go below 165, that's the bottom it reached during credit clearance.

I just read your new post as well, seems you are worried.

No I'm not worring I want to know who sells in a such manner.......

xmart

xmart
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@gann wrote:do not make stock price valuations when they sell on daily below avg volume. if a stock sell way below the price on below avg daily volume i take that as an opportunity.

can you elaborate more dude..

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@xmart wrote:
@gann wrote:do not make stock price valuations when they sell on daily below avg volume. if a stock sell way below the price on below avg daily volume i take that as an opportunity.

can you elaborate more dude..

Further when the fall is just a day specific thing this can break much faster in to rising trend Wink
So take the opportunity to grab it low and enjoy the next ride..

gann

gann
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@xmart wrote:
@gann wrote:do not make stock price valuations when they sell on daily below avg volume. if a stock sell way below the price on below avg daily volume i take that as an opportunity.

can you elaborate more dude..

I think alot of investors get trapped in these failed rallies or mistake a pullback for a downtrend with their T+5 margin credit (so no holding power ) Same thing happens when they try to catch the bottom of a stock without experience. SO technically if we see a failed rally with higher volume you could expect gradual selling pressure building for the next 5 days and the 5th being the highest. Thats why i posted a poll to get an statistical data on the usage of margin credit. http://forum.srilankaequity.com/t2287-average-of-t5-usage but the response was terrible Smile

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
@gann wrote: Thats why i posted a poll to get an statistical data on the usage of margin credit. http://forum.srilankaequity.com/t2287-average-of-t5-usage but the response was terrible Smile

I noticed this Poll although every day I spend few hrs in this forum. May be most others also must have not seen the poll and unable to contibute.

http://forum.srilankaequity.com/u188

39CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Golden eggs? Sat Apr 16, 2011 12:30 am

yash


Stock Trader
Festival season is still dragging on which demands more wheat flour & eggs for cakes,sweets & especially meat island wide..but hey what has happened to GRAN?..GRAN has synergies with their lucrative sub TAFL,
They have their own poultry farms,hatcheries,exposure towards agri sector with hybrid seeds and all that!!!
what about the nutrition supply,distribution channels they own..
hmm,price is lower than their own sub..
ok,...open for comments dear experts n fellow investors...
guess new blood will be welcome...lov dis forum nywy Smile i've been a reader for many months Wink

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Yash,

We have discussed this before. GRAN is very much a good coutner at this price for medium term. We we expect soem short term uptrend when the current selling trend is over.


Please refer to

http://forum.srilankaequity.com/t2544-lot-of-selling-on-gran?highlight=GRAN
http://forum.srilankaequity.com/t2676-granpls-advice?highlight=GRAN



Last edited by slstock on Sat Apr 16, 2011 12:21 pm; edited 1 time in total

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is one of the good counter. I have collected enough at 170 level. This is a good investment for mid term and long term. It should start to move before the next financial statement.

42CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Sat Apr 16, 2011 10:28 am

mark

mark
Expert
Expert
GRAN sounds good to me in current levels,remember world food prices are rising......

43CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty GRAN Labai Labai Thu Apr 21, 2011 11:21 am

Vinu


Senior Equity Analytic
Senior Equity Analytic
Following experts comments I bought at 170 for cedits.Hpoe it will go up

44CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 21, 2011 11:59 am

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
IT will be even more on SALE when it hit Rs 150 in few days! will be on MEGA sale I would say after next quarterly results!
I know many here are married to the poultry industry and don't want to hear this but please wake up and do a fair calculation of this stocks PE, PEG ratios and also compare with stocks on same sector!

45CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 21, 2011 12:09 pm

innam

innam
Manager - Equity Analytics
Manager - Equity Analytics
@Rajitha wrote:IT will be even more on SALE when it hit Rs 150 in few days! will be on MEGA sale I would say after next quarterly results!
I know many here are married to the poultry industry and don't want to hear this but please wake up and do a fair calculation of this stocks PE, PEG ratios and also compare with stocks on same sector!

Given that i'm not married to the chicken sector here is a PE comp based on December quarter earnings. Keep in mind that Dec is good for chicken consumption so it may not be prudent to annualize December earnings but for the moment let's keep it simple.

........................ TAFL BFL GRAN
Price.................. 162 469 162
Dec. EPS ............ 5.29 10.24 3.42
Annualized EPS.... 21.16 40.96 13.68
P/E.................... 7.66 11.45 11.84

46CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 21, 2011 12:13 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@Vinu wrote:Following experts comments I bought at 170 for cedits.Hpoe it will go up

Friend its good to listen to others comment, but before making Buy/Sales Decision, do your own analysis and do it

47CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 21, 2011 12:20 pm

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@innam wrote:
@Rajitha wrote:IT will be even more on SALE when it hit Rs 150 in few days! will be on MEGA sale I would say after next quarterly results!
I know many here are married to the poultry industry and don't want to hear this but please wake up and do a fair calculation of this stocks PE, PEG ratios and also compare with stocks on same sector!

Given that i'm not married to the chicken sector here is a PE comp based on December quarter earnings. Keep in mind that Dec is good for chicken consumption so it may not be prudent to annualize December earnings but for the moment let's keep it simple.

........................ TAFL BFL GRAN
Price.................. 162 469 162
Dec. EPS ............ 5.29 10.24 3.42
Annualized EPS.... 21.16 40.96 13.68
P/E.................... 7.66 11.45 11.84

Agree with innam,

Yes, we are not married with any of the investments , they are alwys for sale if comes at right price.

This sector with good potential for growth , offers attractive valuations.

48CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) - Page 2 Empty Re: CEYLON GRAIN ELEVATORS PLC (GRAN.N0000) Thu Apr 21, 2011 12:32 pm

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@innam wrote:
@Rajitha wrote:IT will be even more on SALE when it hit Rs 150 in few days! will be on MEGA sale I would say after next quarterly results!
I know many here are married to the poultry industry and don't want to hear this but please wake up and do a fair calculation of this stocks PE, PEG ratios and also compare with stocks on same sector!

Given that i'm not married to the chicken sector here is a PE comp based on December quarter earnings. Keep in mind that Dec is good for chicken consumption so it may not be prudent to annualize December earnings but for the moment let's keep it simple.

........................ TAFL BFL GRAN
Price.................. 162 469 162
Dec. EPS ............ 5.29 10.24 3.42
Annualized EPS.... 21.16 40.96 13.68
P/E.................... 7.66 11.45 11.84

OFC its not good to annualized the best quarterly results by multiplying by 4! By that EASY logic HASU earnings per year is 4.83*4= 19.28 PE ratio= 3.8 for a finance company!
And I can name a lot more like this!
Also in GRAN final Report it clearly states the profit for the whole year so why did you not put that and went to the extra trouble to get 3 months one and multiply by 4? If anything thats you taking hard road not taking it for easiness
GRAN profits EPS according to LAST reports is Rs 8.39 ! That is by the way is false and should get reduced as they mentioned later from an announcement!
SO GRAN current PE is greater than 164/8.39 = 19.54! And that the best value! True PE ratio should be higher after they put the audited results!
DO you think a company in this sector is worth this much ? compared with other companies in food and bevarage sector!
You decide!

Fresher


Moderator
Moderator
So Rajitha, you are assuming that the company will be going into reverse gear considering its growth

wikum100


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Rajitha wrote:
@innam wrote:
@Rajitha wrote:IT will be even more on SALE when it hit Rs 150 in few days! will be on MEGA sale I would say after next quarterly results!
I know many here are married to the poultry industry and don't want to hear this but please wake up and do a fair calculation of this stocks PE, PEG ratios and also compare with stocks on same sector!

Given that i'm not married to the chicken sector here is a PE comp based on December quarter earnings. Keep in mind that Dec is good for chicken consumption so it may not be prudent to annualize December earnings but for the moment let's keep it simple.

........................ TAFL BFL GRAN
Price.................. 162 469 162
Dec. EPS ............ 5.29 10.24 3.42
Annualized EPS.... 21.16 40.96 13.68
P/E.................... 7.66 11.45 11.84

OFC its not good to annualized the best quarterly results by multiplying by 4! By that EASY logic HASU earnings per year is 4.83*4= 19.28 PE ratio= 3.8 for a finance company!
And I can name a lot more like this!
Also in GRAN final Report it clearly states the profit for the whole year so why did you not put that and went to the extra trouble to get 3 months one and multiply by 4? If anything thats you taking hard road not taking it for easiness
GRAN profits EPS according to LAST reports is Rs 8.39 ! That is by the way is false and should get reduced as they mentioned later from an announcement!
SO GRAN current PE is greater than 164/8.39 = 19.54! And that the best value! True PE ratio should be higher after they put the audited results!
DO you think a company in this sector is worth this much ? compared with other companies in food and bevarage sector!
You decide!

thanks i salute to your technical knowlege and +rep from me
but rajitha you know this is srilanka and srilanka ces
you see technical counts seems not working hear..... No Crying or Very sad

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