Registration with the Sri Lanka FINANCIAL CHRONICLE
![:tm: ™️](https://cdn.jsdelivr.net/emojione/assets/png/2122.png?v=2.2.7)
All information contained in this forum is subject to Disclaimer Notice published.
Thank You
FINANCIAL CHRONICLE
![:tm: ™️](https://cdn.jsdelivr.net/emojione/assets/png/2122.png?v=2.2.7)
www.srilankachronicle.com
Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka
Go to page : 1, 2, 3, 4
Hi DKbogolos,DKbogols wrote:MGT is heating up. Directors also buying at these levels meaning it’s a good indicator towards positive future. Expecting a run soon, once it starts moving there is no catching this train! Next stop mid-30s
DKbogols likes this post
DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!
Master D wrote:DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!
Why a company registered/listed in SL would report earnings in USD?
is it legally allowed?
Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends? or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?
Experts please enlighten..
I don’t think any hidden agenda. If look at all previous earnings MGT has always reported in USD. Ex rate gain just see usd statement where you can clearly see the H1 performance outperforming last year and well and H1 meeting almost last years full years result. Please study the reports more carefully. You can also see net cash position has increased by 1.3mn usd in addition to superb earnings.Master D wrote:DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!
Why a company registered/listed in SL would report earnings in USD?
is it legally allowed?
Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends? or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?
Experts please enlighten..
Master D wrote:DKbogols wrote:So Q2 results out. Eps of 1.50 for H1. Annualized 3/-, PE 7x to current price. Severely undervalued!
Why a company registered/listed in SL would report earnings in USD?
is it legally allowed?
Second question is can there be any hidden agenda to it like, not showing gains or not showing losses from each rate fluctuations in reports to avoid taxes and avoid paying dividends? or keep the share price uptrend by not disclosing the losses made due to unfavorable exchange rates?
Experts please enlighten..
judecroos likes this post
Win Win wrote:MGT is a good share for investors. Earlier, they made losses few yrs back. After recording continuous profit, They are distributing it to shareholders. I have seen this practice in all Mr.Dammika's companies. They are not like LOLC. They fairly share the success!!
My portfolio consists of HAYL shares majorly
DIPD / HAYC / HAYL / TPL
Look above 4 companies. They pay good dividends.
See other Mr.Dammika's related companies
HEXP / RCL / LFIN / SAMP / VFIN
one of success story is Share Holders satisfaction.
Win Win, judecroos and DamithAsian like this post
You are absolutely correct. Even I and every one I met hate this LOLC group because Unlike Mr. DAMMIKA's group of companies they never share their success to the company share holders. But still I hold LOFC because I had a feeling that this is under valued.Eranga87 wrote:Win Win wrote:MGT is a good share for investors. Earlier, they made losses few yrs back. After recording continuous profit, They are distributing it to shareholders. I have seen this practice in all Mr.Dammika's companies. They are not like LOLC. They fairly share the success!!
My portfolio consists of HAYL shares majorly
DIPD / HAYC / HAYL / TPL
Look above 4 companies. They pay good dividends.
See other Mr.Dammika's related companies
HEXP / RCL / LFIN / SAMP / VFIN
one of success story is Share Holders satisfaction.
@Win Win,
you forgot to mention most dividend paid stock (VPEL) of Mr.K.D.Perera.
DamithAsian likes this post
Thanks Eranga. I totally missed thisEranga87 wrote:Win Win wrote:MGT is a good share for investors. Earlier, they made losses few yrs back. After recording continuous profit, They are distributing it to shareholders. I have seen this practice in all Mr.Dammika's companies. They are not like LOLC. They fairly share the success!!
My portfolio consists of HAYL shares majorly
DIPD / HAYC / HAYL / TPL
Look above 4 companies. They pay good dividends.
See other Mr.Dammika's related companies
HEXP / RCL / LFIN / SAMP / VFIN
one of success story is Share Holders satisfaction.
@Win Win,
you forgot to mention most dividend paid stock (VPEL) of Mr.K.D.Perera.
DamithAsian and mah2903 like this post
DamithAsian likes this post
MR.T5n likes this post
DamithAsian and VS like this post
Go to page : 1, 2, 3, 4
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum