DIPPED PRODUCTS PLC (DIPD.N0000)

ranilJ2 wrote:I'm EX Dipped hence after seeing some comments I tempted to write. Some of the comments are hilarious and some are known more than D.P. 
Their order books are full end of 2021. No capacity at all.

Win Win wrote:

Mithooshan wrote:

heroxhere wrote:

dayandacool wrote:

Win Win wrote:DIPD is catering variety of gloves.. Actually, it was a hidden company due to based on totally exports. 

However, DIPD has started an energetic start up from few years back. Further, COVID situation is supporting to accelerate their expansions and market growths. Read onthemoney's coverage about DIPD. He explained it well. I have been studying about DIPD for 3 years. I realized that we as Sri lankans can be proud of this company, because they are catering our rubber crop as a finished products by creating 6 times more value , not only DIPD has an attractive investments like TPL & KVPL. All their businesses are performing well. That's why I am repeatedly highlighting this share. Their Q2 should be very impressive and Q3 & Q4 will be more impressive without a doubt.

Estimated EPS of DIPD for 2020/21 is around Rs.90. Sector PE is >17. 
It is very reasonable even DIPD share price is set above Rs.700. I have limited cash and I have allocated 55% for DIPD. Today also, I collected few shares by disposing other shares, bcz Rs.310 is very cheap price and their reports should be released during next few days ...

Don't put all in, even if it's a straight flush.  
don't you think 55% of a PF is quite a large and an unhealthy allocation for a single share?

“The expression on Wall Street is, don't put all of your eggs in one basket. Ha! You should put all of your eggs in one basket. But be sure you've got the right basket and make sure you watch the basket very , very carefully.“ - Jim Rogers

This obviously goes against conventional thinking. But this kind of thinking is what made Jim one of the world's most successful investors. He co-founded the Quantum Fund which saw returns of 4200% in 10 years. Now, of course, this strategy of putting all your eggs in one basket... but making sure it's the right basket, is not for everyone. It's a high risk, high reward strategy . And Jim acknowledges that.  

I, not once but twice did that. 100% in one stock. Was not wrong to do it both times. But i did it only when i was confident. It is also not risky as it sounds when you have studied the share and identified the pattern on how it is trading.

I strictly do not advise to practice above strategy but if you are confident about a share, don’t be afraid of what others say. If it is your own decision, if it is your choice, go ahead.  

Good Luck !

Thanks all of you !!

I have less than 6,500 shares even it represents 55% of my total portfolio. Try to increase upto 9,000 before Q2. 

DIPD should report more than Rs.20 per share as Q2 EPS when compare to Q1 (Q2 Full operation, Increased glove demand, No export barriers, Gvt Support, Results from Expansions)

However, I have noticed that lot of investors are expressing good signals on DIPD. Thank you all your expressions.

Wish whole market will revive and Sri Lanka will regain by overcoming this disease !!

Detective wrote:

Win Win wrote:

Mithooshan wrote:

heroxhere wrote:

dayandacool wrote:

Win Win wrote:DIPD is catering variety of gloves.. Actually, it was a hidden company due to based on totally exports. 

However, DIPD has started an energetic start up from few years back. Further, COVID situation is supporting to accelerate their expansions and market growths. Read onthemoney's coverage about DIPD. He explained it well. I have been studying about DIPD for 3 years. I realized that we as Sri lankans can be proud of this company, because they are catering our rubber crop as a finished products by creating 6 times more value , not only DIPD has an attractive investments like TPL & KVPL. All their businesses are performing well. That's why I am repeatedly highlighting this share. Their Q2 should be very impressive and Q3 & Q4 will be more impressive without a doubt.

Estimated EPS of DIPD for 2020/21 is around Rs.90. Sector PE is >17. 
It is very reasonable even DIPD share price is set above Rs.700. I have limited cash and I have allocated 55% for DIPD. Today also, I collected few shares by disposing other shares, bcz Rs.310 is very cheap price and their reports should be released during next few days ...

Don't put all in, even if it's a straight flush.  
don't you think 55% of a PF is quite a large and an unhealthy allocation for a single share?

“The expression on Wall Street is, don't put all of your eggs in one basket. Ha! You should put all of your eggs in one basket. But be sure you've got the right basket and make sure you watch the basket very , very carefully.“ - Jim Rogers

This obviously goes against conventional thinking. But this kind of thinking is what made Jim one of the world's most successful investors. He co-founded the Quantum Fund which saw returns of 4200% in 10 years. Now, of course, this strategy of putting all your eggs in one basket... but making sure it's the right basket, is not for everyone. It's a high risk, high reward strategy . And Jim acknowledges that.  

I, not once but twice did that. 100% in one stock. Was not wrong to do it both times. But i did it only when i was confident. It is also not risky as it sounds when you have studied the share and identified the pattern on how it is trading.

I strictly do not advise to practice above strategy but if you are confident about a share, don’t be afraid of what others say. If it is your own decision, if it is your choice, go ahead.  

Good Luck !

Thanks all of you !!

I have less than 6,500 shares even it represents 55% of my total portfolio. Try to increase upto 9,000 before Q2. 

DIPD should report more than Rs.20 per share as Q2 EPS when compare to Q1 (Q2 Full operation, Increased glove demand, No export barriers, Gvt Support, Results from Expansions)

However, I have noticed that lot of investors are expressing good signals on DIPD. Thank you all your expressions.

Wish whole market will revive and Sri Lanka will regain by overcoming this disease !!

@WIN WIN I agree with you most, DIPP will be a cash cow, but seems there are high selling pressure as well which might unfavorable for the expected run. What is your opinion on that? 

Mithooshan wrote:

Detective wrote:

Win Win wrote:

Mithooshan wrote:

heroxhere wrote:

dayandacool wrote:

Win Win wrote:DIPD is catering variety of gloves.. Actually, it was a hidden company due to based on totally exports. 

However, DIPD has started an energetic start up from few years back. Further, COVID situation is supporting to accelerate their expansions and market growths. Read onthemoney's coverage about DIPD. He explained it well. I have been studying about DIPD for 3 years. I realized that we as Sri lankans can be proud of this company, because they are catering our rubber crop as a finished products by creating 6 times more value , not only DIPD has an attractive investments like TPL & KVPL. All their businesses are performing well. That's why I am repeatedly highlighting this share. Their Q2 should be very impressive and Q3 & Q4 will be more impressive without a doubt.

Estimated EPS of DIPD for 2020/21 is around Rs.90. Sector PE is >17. 
It is very reasonable even DIPD share price is set above Rs.700. I have limited cash and I have allocated 55% for DIPD. Today also, I collected few shares by disposing other shares, bcz Rs.310 is very cheap price and their reports should be released during next few days ...

Don't put all in, even if it's a straight flush.  
don't you think 55% of a PF is quite a large and an unhealthy allocation for a single share?

“The expression on Wall Street is, don't put all of your eggs in one basket. Ha! You should put all of your eggs in one basket. But be sure you've got the right basket and make sure you watch the basket very , very carefully.“ - Jim Rogers

This obviously goes against conventional thinking. But this kind of thinking is what made Jim one of the world's most successful investors. He co-founded the Quantum Fund which saw returns of 4200% in 10 years. Now, of course, this strategy of putting all your eggs in one basket... but making sure it's the right basket, is not for everyone. It's a high risk, high reward strategy . And Jim acknowledges that.  

I, not once but twice did that. 100% in one stock. Was not wrong to do it both times. But i did it only when i was confident. It is also not risky as it sounds when you have studied the share and identified the pattern on how it is trading.

I strictly do not advise to practice above strategy but if you are confident about a share, don’t be afraid of what others say. If it is your own decision, if it is your choice, go ahead.  

Good Luck !

Thanks all of you !!

I have less than 6,500 shares even it represents 55% of my total portfolio. Try to increase upto 9,000 before Q2. 

DIPD should report more than Rs.20 per share as Q2 EPS when compare to Q1 (Q2 Full operation, Increased glove demand, No export barriers, Gvt Support, Results from Expansions)

However, I have noticed that lot of investors are expressing good signals on DIPD. Thank you all your expressions.

Wish whole market will revive and Sri Lanka will regain by overcoming this disease !!

@WIN WIN I agree with you most, DIPP will be a cash cow, but seems there are high selling pressure as well which might unfavorable for the expected run. What is your opinion on that? 

It is actually favorable in a way. There is high foreign selling in DIPD compared to HAYC or HAY. That is why the price appreciation was less compared to other stocks of the same group in the past few days. This might continue for another couple of days or week. Once this is over and these share are purchased by local retailers, it will be good for the share in my view considering no more push backs from our retailers.

Refer Mr.X’s thread on foreign transaction it clearly indicates the foreign selling of “DIPD”

Foreign selling must have been due to recent paper articles which were not favorable for Sri Lanka, not something to do with DIPD performance.

xpmurali wrote:How good is Hayleys Fabric Report this time?

Mithooshan wrote:

xpmurali wrote:How good is Hayleys Fabric Report this time?

Here you go,
https://cdn.cse.lk/cmt/upload_report_file/403_1604314408151.pdf

Mithooshan wrote:

Mithooshan wrote:

xpmurali wrote:How good is Hayleys Fabric Report this time?

Here you go,
https://cdn.cse.lk/cmt/upload_report_file/403_1604314408151.pdf

Like for like Revenue (For the period ended 30th Sep) is stable but COS has increased by 2% and Finance cost has increased by 39%. Hence, Profit has dropped by 20%.

This is just the numbers. I don’t know about the reasons behind the numbers. Appreciate if there is any member who could share the story behind the numbers.

geesura wrote:

Quibit wrote:d

d?

Detective wrote:DIPD is the highest 2nd foreign selling yesterday and more expected in this week, whilst locals are buying and recorded around 200mil turnover. Foreigners are selling as they recorded good profits and exit, while locals are buying knowing the real essence of this share and how it will payback in coming weeks. Might foreign will join the rally again once it started 

arun.cse wrote:hope 350+ within this week

KingMaker2020 wrote:

arun.cse wrote:hope 350+ within this week

Certainly sir, a fundamentally strong company that was panic sold last few days due to current developments.

Mithooshan wrote:

KingMaker2020 wrote:

arun.cse wrote:hope 350+ within this week

Certainly sir, a fundamentally strong company that was panic sold last few days due to current developments.

Dipped might surprise everyone very soon. If we check the dates of the quarterly reports uploaded for the company, they have published it on last few working days of October or early November. We are closing in on the report. It can be uploaded early as tomorrow or latest by Friday.

This is proven by the collection on last two days. Over 1.1Mn shares. For the sake of calculation if i estimate the avg-transaction price as Rs.310 (reasonable based on traded prices for the volumes), total traded revenue for the volume is 341Mn.

Clearly few selected individuals know the second quarter result is going to be out soon and trying to capitalize the opportunity. Get in before its too late or hold on if you have Dipped.
(There is no other reason to spend 340+Mn all of a sudden. I don’t think buyers are purchasing the share only because of fundamentals. This time there is an opportunity for short term gain as well)

@KingMaker2020 - It is not panic selling but selling from foreigners who hold the share with good profits. Once the report is out foreign selling sentiment might even change to a foreign buying sentiment.

Win Win wrote:Exceed Rs.350 today 

With QR during this week, Rs.400

arun.cse wrote:

Win Win wrote:Exceed Rs.350 today 

With QR during this week, Rs.400

 within today......cannot be expected.