BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

I bought BLUE.N0000 @ 4.00 and BLUE.X0000 @ 2.00 when last Quarter results out.
Today BLUE.N0000 is trading @ 3.2-3.1 and BLUE.X0000 is @ 1.7-1.6
What can I do now?

I bought those because of this
Quarter ended 31st December 2010 Profit/(Loss) before tax -1,744
Quarter ended 31st December 2009 Profit/(Loss) before tax -(8,591)
Difference(Growth) -120%

Can I expect some profits for this quarter?

can i expect a SIRA kind of a rally from BLUE?

If u can remember a price band was also imposed on BLUE,,,,so for that increase, profit o loss was the reason? No,, it is just speculation.. Even highly profitable companies's S/P come down,,,,,, its all about how the investor perceive the value of the share....

ndnk wrote:If u can remember a price band was also imposed on BLUE,,,,so for that increase, profit o loss was the reason? No,, it is just speculation.. Even highly profitable companies's S/P come down,,,,,, its all about how the investor perceive the value of the share....

I

I feel 3-3.2 is best to collect blue.N... and 1.6-1.7 for X and surely you will get the prfit soon......

Guys, BLUE is not a share to hold but a share to trade. It has wild swings, you need to catch the swing low and sell the swing high. Unfortunately the original poster seems to have caught a swing high. But don't worry, it will get there again sooner or later but when it does make sure you sell your stuff.

Two weeks before I asked from my broker and he said blue its going loss and wait for now... any one know about the company situation at the moment...

I am not sure about the fundamentals (if any????) of BLUE...but it is a speculative counter...Nobody should marry with it.....It is not a counter for people with weak hearts

You can make money from BLUE, if you are a merciless vulture with a right entry/exit strategy

http://www.cse.lk/cmt/upload_report_file/663_1305872339.pdf

In what way the record GOLD prices would have affected BLUE?
I thought it's good for the business. Or is it the other way around?

WoW just had a look at the top 20 shareholder list.
Top share holder has 5 %. 100% public holding.

Wonder how they appoint a director. The election must be so close

Quartet net loss is Rs3.75 million and annual net loss is Rs12.08 million. The mega rally we have seen may be due to excellent result.

brings another question.
How can we value a counter with negative EPS ?? or is it mere speculation?

Usual pattern isn't it, I am looking forward to the LGL result.

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result.

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

@ Tubal im too thinking tht LGL wud be hav massive results with current price trend ... Last few weeks it was struggled @ 43- 45 but today it reach 47 + too

Further LGL mkt was operated smoothly last few months so i think wud be able to have impressive results Wt u think wt wud be maximum price wud reach befor & aftr result

Cheerz

tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result.

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

Tubal LGL is in the Diri Savi board. As they reported result last quarter they don;t have to release result in March.

slstock wrote:

tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result.

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

Tubal LGL is in the Diri Savi board. As they reported result last quarter they don;t have to release result in March.

Sigh, that's too bad. I was really looking forward to it., Well in that case I guess what's coming up will be a split announcement

since you guys are talking about LGL here is it a good share to hold for sometime or sell it at the current 47 range

FXX wrote:since you guys are talking about LGL here is it a good share to hold for sometime or sell it at the current 47 range

I sold all my LGL.X which I bought at an average cost of 30 yesterday. If short selling was available and if LGL goes up again on monday, I will be going short!

tubal wrote:

slstock wrote:

tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result.

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

Tubal LGL is in the Diri Savi board. As they reported result last quarter they don;t have to release result in March.

Sigh, that's too bad. I was really looking forward to it., Well in that case I guess what's coming up will be a split announcement

Since their financial year ends 31st March they will have to report even though they are in Diri Savi board.

xhora wrote:brings another question.
How can we value a counter with negative EPS ?? or is it mere speculation?

Even with a negative EPS, you still can analyze the trend over last few quaters. If the trend is that the company has been able to report less and less losses over the past few quaters then we can expect it to start recording profit sooner than later. The companies may usually report losses at the early stages of thier business or due to some aggressive expansion of their business but in the long run, such losses will disappear.

Also there are other ways to value companies other than using EPS. The method involving market capitalization is one example.

If we can identify companies currently making small or tiny losses but expected to turn into profit making ventures soon, these will give great investment opportunities as such companies usually trade with a discount to their real value.

All above comments are not specifically related to Blue but in general.

Thanks StocksWatch

A strategic investor to buy Blue Diamonds at Rs.7 per share?

In the light of strong gold prices and Jewellery prices in the world, Sri Lanka’s only Diamond exporter The Blue Diamonds Jewellery Worldwide PLC's (BLUE) controlling stake is going to be acquired by an investor at Rs.7 per share.It was earlier reported that Blue Diamonds is eyed by an Indian Investor according to market sources.

The Lanka Business News reliably learns from market sources that the recent interest for Blue Diamonds shares (BLUE) by investors in Colombo Stock Exchange was rallied in the midst of the new investor eyeing to buy a majority stake in the company. Company’s major shareholder to date is Ceylinco Insurance PLC having 4.6% stake whilst the other related Ceylinco entities have another 3.8% as at 31 December 2010.

After facing challenging years of operation from 2008 to 2009, in the latter part of 2010 The Blue Diamonds Jewellery Worldwide PLC raised Rs.300 million in a rights issue at a time company’s traditional buyers had cancelled orders and some others had reduced order quantities.

It was informed to Blue Diamonds shareholders in last annual report that even the largest buyer of Blue Diamonds Jewellery who covers most of the Middle East region experienced major difficulties in their business with the United Arab Emirates stock exchange authorities having to re-shuffle the entire board of directors of Damas LLC, Dubai and appoint new member for the board. Damas LLC has to settle still a sum of Rs.14 million to Blue Diamonds as at 31 March 2010 whilst A.G.I. (Singapore) Ltd.has to settle Rs.21.8 million for sales as at same date.

However the lately published quarterly results of Blue Diamonds Jewellery Worldwide PLC outline that company has reported a positive net profit of Rs.1.74 million in quarter ended 31 December 2010 compared to a loss of Rs.8.5 million in the same quarter of 2009. Consequently company’s Earnings Per Share (EPS) had also reached positive 1 cents from a loss of 10 cents reported in 2009 as result of increased turnover from Rs.9.5 million in 2009 to Rs.15.6 million as at end of December 2010. Company net asset value per share had also shot up from Rs.1.47 to Rs.2.14.

Link: http://lankabusinessnews.com/11.06.June/027.BD.html

BLUE reported a loss again in 4Q11, of -Rs 3.8 m (but lower than -Rs 7.6 m loss a year ago). FY11 results still negative at -Rs 12.1 m (vs -Rs 20.1 m in FY10). Other income contributed Rs 3.1 m & Rs 9.3 m to quarter and year results.

BLUE FY10 accounts were heavily qualified, and auditors KPMG did not offer an opinion. There is lots of litigation too pending - read annual report.

CINS have been selling down their stake in BLUE during the past year.

No controlling shareholder fact may attract some to BLUE, but this is not a shell company (like GREG was at point of takeover by Lionhart) as labour force and operation exists.

Investors be aware of facts and be careful.

cse.alpha wrote:BLUE reported a loss again in 4Q11, of -Rs 3.8 m (but lower than -Rs 7.6 m loss a year ago). FY11 results still negative at -Rs 12.1 m (vs -Rs 20.1 m in FY10). Other income contributed Rs 3.1 m & Rs 9.3 m to quarter and year results.

BLUE FY10 accounts were heavily qualified, and auditors KPMG did not offer an opinion. There is lots of litigation too pending - read annual report.

CINS have been selling down their stake in BLUE during the past year.

No controlling shareholder fact may attract some to BLUE, but this is not a shell company (like GREG was at point of takeover by Lionhart) as labour force and operation exists.

Investors be aware of facts and be careful.

Good opinion: worth +rep

Dear Friends,
Don't burn your finger. This can be even touch 8/- but all these manupulation by Brokers. Be careful. Try to see fundamental and invest for mid to long term. Short cuts cut your long cut.