EXPOLANKA HOLDINGS PLC (EXPO.N0000)

tubal wrote:

damee wrote:they are the main coconut exporter in sri lanka...

Hope it's processed coconut based food and other products and not raw coconuts. I do believe the government has imposed a ban on coconut exports

Avinash wrote:Osama is dead. But expolanka is alive. Expo aviation is good. Independent directors are good. Future profits very very good. IPO' is going to be a roaring success... Just like any other IPO. Retail investors are the best suckers,,, teach em a lesson..

StocksWatch wrote:I wonder where are those forum members who were endlessly promoting expo just before the IPO closing date.

Some of them are shar, saaj, rizjiji and bart. Interestingly all these members have joined the forum during the period when this IPO was on offer and were not active after it was closed. (It may be the same person with multiple user names)

See following post for more details.

http://forum.srilankaequity.com/t3258-expolanka-ipo-invest-or-not

yoyo wrote:I did not apply to Expo and Softlogic both IPO's due to the higher prices they offered for IPOs. Now it seems to be a good decision. After a month, not even 10% return for expo. Softlogic should be worst than this. I feel sorry for the retailers who applied these IPOs.

Chinwi wrote:Can you remember I wrote " Badu Thamai " when they announced that all got almost all the shares they applied ?

Illuma - sepayuma .

I too did not apply but bought 10,000 today.

surf wrote:I feel that, a big player like to play with it

wgsaman wrote:how sad i had 5000 shares & i sold all @ 15

wgsaman wrote:how sad i had 5000 shares & i sold all @ 15

wallstreetguy wrote:I sold it off so I can cover my broker chargers and have a minor interest like they give in the bank.
ExpoLanka was an EPIC fail.

tubal wrote:The following is a figment of my imagination:

EXPO will open at 100. It's quite easy. Someone has to enter a sell order at 100 and someone else has to enter a buy order at 100, and those orders will be matched and open will be marked as 100 (See how SLTL opens at 60 or 61 almost everyday while it's trading range is 55-58)

When EXPO opens at 100 the kind of people who bought WAPO at 10,000 and ALUF at 192 will barge in and buy like crazy while WAPO themselves start selling their stakes. This will probably drive the price down to about 80.

At 60, another bunch of investors, the kind of people who bought TAFL at 240 will wade in thinking 'damn, this looks attractive it's trading 10 bucks lower than the open'. Then JKH will start selling driving the prices down to about 60 (1000% profit).

When price reaches 60, the kind of people who paid 350 for JKH shares last year will enter the share ('damn 40% down from the open right?'). By now those who bought above 90 will be really worried. Other people who subscribed to the IPO will now start selling, driving the price down to about 30

At this stage normally sane investors who refuse to touch CARE at 250 or CSF at 15 will think, damn this is down 70% guess it's safe now. But their buying will not be enough to hold the prices steady. People who bought in the first half hour are now on the verge of jumping out of building. Meanwhile the market closes at 20

Over the next few days the share price gradually declines to 14. All those who bought above 75 will now sell absolutely disgusted, wowing never to buy on emotion again. The price will now drop below the IPO price. Suddenly JKH, WAPO etc will start buying back the shares they sold at 100 or even 50. The price will then start moving up and the retailers who bought at 90 and sold at 15 will scramble to get back on board. The cycle will continue once again.

tubal wrote:

tubal wrote:The following is a figment of my imagination:

EXPO will open at 100. It's quite easy. Someone has to enter a sell order at 100 and someone else has to enter a buy order at 100, and those orders will be matched and open will be marked as 100 (See how SLTL opens at 60 or 61 almost everyday while it's trading range is 55-58)

When EXPO opens at 100 the kind of people who bought WAPO at 10,000 and ALUF at 192 will barge in and buy like crazy while WAPO themselves start selling their stakes. This will probably drive the price down to about 80.

At 60, another bunch of investors, the kind of people who bought TAFL at 240 will wade in thinking 'damn, this looks attractive it's trading 10 bucks lower than the open'. Then JKH will start selling driving the prices down to about 60 (1000% profit).

When price reaches 60, the kind of people who paid 350 for JKH shares last year will enter the share ('damn 40% down from the open right?'). By now those who bought above 90 will be really worried. Other people who subscribed to the IPO will now start selling, driving the price down to about 30

At this stage normally sane investors who refuse to touch CARE at 250 or CSF at 15 will think, damn this is down 70% guess it's safe now. But their buying will not be enough to hold the prices steady. People who bought in the first half hour are now on the verge of jumping out of building. Meanwhile the market closes at 20

Over the next few days the share price gradually declines to 14. All those who bought above 75 will now sell absolutely disgusted, wowing never to buy on emotion again. The price will now drop below the IPO price. Suddenly JKH, WAPO etc will start buying back the shares they sold at 100 or even 50. The price will then start moving up and the retailers who bought at 90 and sold at 15 will scramble to get back on board. The cycle will continue once again.

Well it didn't happen with expo but it certainly happened with LOFC today. Now all that remains for the LOFC gamblers is to join the club created by SFIN and UBC first day traders and watch the value of their holding slowly erode. LOFC is worth Rs 5.00 according to their own valuation.

lbnnirmal wrote:

tubal wrote:

tubal wrote:The following is a figment of my imagination:

EXPO will open at 100. It's quite easy. Someone has to enter a sell order at 100 and someone else has to enter a buy order at 100, and those orders will be matched and open will be marked as 100 (See how SLTL opens at 60 or 61 almost everyday while it's trading range is 55-58)

When EXPO opens at 100 the kind of people who bought WAPO at 10,000 and ALUF at 192 will barge in and buy like crazy while WAPO themselves start selling their stakes. This will probably drive the price down to about 80.

At 60, another bunch of investors, the kind of people who bought TAFL at 240 will wade in thinking 'damn, this looks attractive it's trading 10 bucks lower than the open'. Then JKH will start selling driving the prices down to about 60 (1000% profit).

When price reaches 60, the kind of people who paid 350 for JKH shares last year will enter the share ('damn 40% down from the open right?'). By now those who bought above 90 will be really worried. Other people who subscribed to the IPO will now start selling, driving the price down to about 30

At this stage normally sane investors who refuse to touch CARE at 250 or CSF at 15 will think, damn this is down 70% guess it's safe now. But their buying will not be enough to hold the prices steady. People who bought in the first half hour are now on the verge of jumping out of building. Meanwhile the market closes at 20

Over the next few days the share price gradually declines to 14. All those who bought above 75 will now sell absolutely disgusted, wowing never to buy on emotion again. The price will now drop below the IPO price. Suddenly JKH, WAPO etc will start buying back the shares they sold at 100 or even 50. The price will then start moving up and the retailers who bought at 90 and sold at 15 will scramble to get back on board. The cycle will continue once again.

Well it didn't happen with expo but it certainly happened with LOFC today. Now all that remains for the LOFC gamblers is to join the club created by SFIN and UBC first day traders and watch the value of their holding slowly erode. LOFC is worth Rs 5.00 according to their own valuation.

So would you think that EXPO will raise with in 3 or 4 months ??? Or is it risky 2 invest @ EXPO??