Hi all,@Inthikahb M Wazeer wrote:Are they trying to bring down the price?? As CEO selling the share at this rate can it be only profit taking@jason12 wrote:As per the ichimoku charts(1 day) Lagging span is trading above the conversion line most of the time.so you have a point here.@Captain wrote:IF you are selling now,
PE around 4 ,company
In this market better to buy or sell ?
IF you are going to sell, what is the rationality behind your investment.
The following table is how EXPO has been traded since the purchase of by the spouse of EXPO director. Nearly, 230,000,000 shares have been exchanged hands during the same period. The spouse of EXPO director has bought and sold 224,000 shares which is 0.097% during this period from 230Mn shares traded in the same period.
What I feel is that, she got scared as CSE questioned about share movement and sold the stake.
However, I expect a dip in EXPO next Monday due to this, as panic sellers will pull off a bit. EXPO will bounce back and consolidate between 10.60~11.10 range searching the best price for its current earnings potential.
What is important for us is that SG Holdings having the controlling power[owns 75.9%] has bought its stake @ 10.70 per share in 2014, when the Net asset value per share was @ Rs 5.19. Now the NAV is @ 7.32 per share. Refer the quote of the purchase paper article in Daily FT 2014.
"Sri Lanka’s aspirations to become a shipping and aviation hub got a major boost on Friday with Japan’s second largest logistics firm SG Group acquiring a 30% stake in local industry leader Expolanka Holdings PLC for Rs. 6.3 billion. Sagawa Global Logistics (SG Group) via its Singapore subsidiary SG Holdings has committed to buy a further 21% bringing the control to 51%. When it is implemented it will make a further investment of Rs. 4.4 billion at minimum or more if the mandatory offer results in an additional stake. The 30% stake amounted to 586 million shares and was done at Rs. 10.70 each with major shareholders shedding part of their stakes. Net asset per share of Expo at group level is Rs. 5.19"
Hence, EXPO has performed well by now recording a significant growth in 1Q2020 and displays a massive growth potential in coming quarters and years to come.
If you analyze the JKH in CSE since they have been listed, similar price behaviors can be observed recording the lowest at Rs 8.75.
Investing is a boring activity to get super returns.