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Why LCEM going up???? Vote_lcap68%Why LCEM going up???? Vote_rcap 68% [ 178 ]
Why LCEM going up???? Vote_lcap18%Why LCEM going up???? Vote_rcap 18% [ 47 ]
Why LCEM going up???? Vote_lcap13%Why LCEM going up???? Vote_rcap 13% [ 35 ]

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Why LCEM going up????

Why LCEM going up????

+9
monash
Neluka Karannagoda
fortuneteller
anges
max shanu
ruwan326
Wimal Modawansa
lk-investor
Equity Suda
13 posters

Go to page : 1, 2  Next

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1Why LCEM going up???? Empty Why LCEM going up???? Wed Sep 20, 2017 9:55 am

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

LCEM going up....
Is there any reason???? Will CSE put a trading halt???

2Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:00 am

lk-investor


Stock Analytic
Stock Analytic

When a sell order is placed for 6.20 it gets rejected. Why?

3Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:02 am

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

May be it has reached price band level...

4Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:04 am

lk-investor


Stock Analytic
Stock Analytic

Thanks, sorry about my ignorance, what's price band level? Looks like nobody can place sell orders above 6.10?

5Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:10 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

Commercial Operation to commence
 soon?
Will reach 7.60 resistance level by tomorrow.
Final Target price Rs 10.00 ?

6Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:47 am

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

R u Sure

7Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:54 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

No not sure!
As per chartist approach it should reach Rs 7.60 . If this level is breached Rs 10.00 is possible with in shoeter time span.

Be cautious of movements and exit at correct time as it doesn't support fundamentals

8Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 10:57 am

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

No not sure!
As per chartist approach it should reach Rs 7.60 . If this level is breached Rs 10.00 is possible with in shorter time span.

Be cautious of movements and exit at correct time as it doesn't support fundamentals

9Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 11:52 am

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

Seems it has stopped

10Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 12:11 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

Watch the price band. The other reason is Profit taking by day traders. They only have intra day trading limits and need to sell back the same day.

11Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 1:31 pm

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

Why they exit before 11. Mkt close at 2.30

12Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 2:19 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@Equity Suda wrote:Why they exit before 11. Mkt close at 2.30
they are working on the other pick for tomorrow. Probably ECL Cool Cool Cool Cool
If you observe well everything happen before 11:00 Very Happy

13Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 2:39 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

At the EGM and AGM held today the Chairman explained the current situation of the Company and future plans.
The share will move up and up.........

14Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 2:55 pm

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

Any insider info?

15Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 3:38 pm

max shanu


Equity Analytic
Equity Analytic

කොටස් සුදා wrote: ඕනෑම අභ්යන්තර තොරතුරු?
මොකක්ද ඕවරයේ සිතන lcem

16Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 3:42 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

lots of speculation of market expansion and product diversification.Turnover is likely to increase tremendously with economic activities surrounding infrastructure development and new buildings.

Possibility of imposing higher tariffs on imported cement and cement based item are also in the card to protect the local industry.

17Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 3:49 pm

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

Burned my hand by LDEV.....Thama bayai....

18Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 4:44 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

"My view is to setup and uplift the operational activities at KKS in Jaffna to meet the country's requirement using company owned mineral deposits endowed with high purity natural vein calcium carbonated limestone that consists over 96%, with the idea to be the one of the giants among the distributors of the cement world."

extract from chairman's statement-
LALINDA LIYANAGE



CHAIRMAN


Our Mission

Revolutionize the construction industry with a low cost and high quality cement brand in Sri Lanka.

19Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 7:00 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

@Wimal Modawansa wrote:"My view is to setup and uplift the operational activities at KKS in Jaffna to meet the country's requirement using company owned mineral deposits endowed with high purity natural vein calcium carbonated limestone that consists over 96%, with the idea to be the one of the giants among the distributors of the cement world."

extract from chairman's statement-
LALINDA LIYANAGE



CHAIRMAN


Our Mission

Revolutionize the construction industry with a low cost and high quality cement brand in Sri Lanka.
If it runs tomorrow traders follow Chairman's statement Very Happy
If not just a game Shocked Shocked

20Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 7:06 pm

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

i hope its for a valid reason !

21Why LCEM going up???? Empty Re: Why LCEM going up???? Wed Sep 20, 2017 7:53 pm

Wimal Modawansa

Wimal Modawansa
Manager - Equity Analytics
Manager - Equity Analytics

Be cautious!

Don't get carried away. Plans will have to be converted in to action!

22Why LCEM going up???? Empty Re: Why LCEM going up???? Thu Sep 21, 2017 8:28 am

fortuneteller

fortuneteller
Senior Equity Analytic
Senior Equity Analytic

presently the company imports . packs and sells cement at lower profit margins.
Once the lease agreement of 92.8 acres of land is in place for 30 years the increase in production capacity will increase tremendously.
This will increase the market share and profits substantially.
It is a good buy at current price.

23Why LCEM going up???? Empty Re: Why LCEM going up???? Thu Sep 21, 2017 9:52 am

Neluka Karannagoda


Manager - Equity Analytics
Manager - Equity Analytics

Yes true LCEM will touch Rs. 7.00 very soon

24Why LCEM going up???? Empty Re: Why LCEM going up???? Thu Sep 21, 2017 10:34 am

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Don't get caught. LCEM run most probably over for now..
Don't forget LCEM was trading at 4.60 range 2 days back. It appreciated by 30% yesterday. It will come down further..

25Why LCEM going up???? Empty Re: Why LCEM going up???? Thu Sep 21, 2017 10:42 am

Equity Suda


Senior Equity Analytic
Senior Equity Analytic

Thx Ruwan326.... Lets have a drink.... Whats tomorrow???

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