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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Keep your eyes on ODEL.N

Keep your eyes on ODEL.N

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21Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Mon Sep 26, 2011 11:39 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Me too watching ODEL very closely. It has great potential in the new shopping destination of the South East Asia!!!

22Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Mon Sep 26, 2011 11:56 pm

windi5


Moderator
Moderator
Its tempting me nw,ODEL.

23Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Tue Sep 27, 2011 1:17 am

Think9


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
lets not go to 100.. Smile they need open at least another 2-3 outlets for that.

i need the share to b around 45-60 levels.. and im out..

bought some qty at 34 level couple of days a back.. if it comes to 32..damnnnnn.. im gonna buy more.

if it comes below 30, im gonna sell all n gonna buy ODEL.N.. 100%.. n another 100% on credit...hmmmm....wait !its 1.15am.. guess im dreamin.. hehe..

24Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Tue Sep 27, 2011 11:18 am

CSE1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Think9 wrote:lets not go to 100.. Smile they need open at least another 2-3 outlets for that.

i need the share to b around 45-60 levels.. and im out..

bought some qty at 34 level couple of days a back.. if it comes to 32..damnnnnn.. im gonna buy more.

if it comes below 30, im gonna sell all n gonna buy ODEL.N.. 100%.. n another 100% on credit...hmmmm....wait !its 1.15am.. guess im dreamin.. hehe..

looks like dream come true...... Very Happy

25Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Tue Sep 27, 2011 1:07 pm

Think9


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
we can see how desperately ppl re collectin ODEL.N at 34.5 - 35..

seen all the transactions. some of the doubts i had abt odel b4, just fade away..

26Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Wed Sep 28, 2011 9:33 am

NewInvestor

NewInvestor
Manager - Equity Analytics
Manager - Equity Analytics
Their new branch at Wattala opens today...

27Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Fri Sep 30, 2011 9:40 pm

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dont ever sell ur ODEL shares below 48... this will pass 48 when the run starts..

28Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Fri Sep 30, 2011 9:44 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Think9 wrote:Dont ever sell ur ODEL shares below 48... this will pass 48 when the run starts..

OK think9. You are doing the job of an investment adviser without taking a salary. Very Happy

29Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Fri Sep 30, 2011 10:06 pm

windi5

windi5
Moderator
Moderator
@Think9 wrote:Dont ever sell ur ODEL shares below 48... this will pass 48 when the run starts..

When the rally gonna start, December???

30Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Sat Oct 01, 2011 11:09 am

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
OK think9. You are doing the job of an investment adviser without taking a salary. Very Happy

mayb later I will.. hikz

@windi : should be b4 that for sure. coz dec will b back to red.. hopin this will give a run on Oct or Nov.. will see...

31Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Mon Oct 03, 2011 10:04 am

chucks


Senior Equity Analytic
Senior Equity Analytic
so is it Okay to buy ODEL.N000 if it goes to Rs.32.00??? confused confused confused

32Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Mon Oct 03, 2011 4:08 pm

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
yes..

33Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Mon Oct 03, 2011 5:01 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
Good @ current level

34Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Mon Oct 03, 2011 11:22 pm

windi5

windi5
Moderator
Moderator
I feel ,it will take another couple of weeks to pickup, will stagnant around 34-35 for some times.

35Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Tue Oct 04, 2011 12:11 am

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
that y i said its a MT share.. y ppl repeat the same thing over n over..

36Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Tue Oct 04, 2011 4:18 pm

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Think 99 if it is a seasonal promotion, DIST also in the basket ?

37Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Wed Oct 05, 2011 1:05 pm

KPMG

KPMG
Manager - Equity Analytics
Manager - Equity Analytics
I dont see ODEL will start rally so soon and 34-35 price is not that much attractive. further, still by 1 PM 4500 qty traded. it mean ppl wait for downward move bit more, may be below 30/-.

38Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Fri Oct 07, 2011 10:12 am

Capt

Capt
Senior Equity Analytic
Senior Equity Analytic
@Think9 wrote:
OK think9. You are doing the job of an investment adviser without taking a salary. Very Happy

mayb later I will.. hikz

@windi : should be b4 that for sure. coz dec will b back to red.. hopin this will give a run on Oct or Nov.. will see...

I think its good to enter at 35 levels. Can't expect to go down further..

39Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Fri Oct 07, 2011 3:49 pm

Think9

Think9
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Im targeting my 31st night expenses from ODEL.N Wink

blady galleface !! always expensive when it comes for 31st.. silent

40Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Fri Oct 07, 2011 4:11 pm

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
i do not think it will move up, last couple of month it is stay on or under 36.00

41Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Sat Oct 08, 2011 10:13 pm

Thushara Ayya

Thushara Ayya
Vice President - Equity Analytics
Vice President - Equity Analytics
35,36,37 I think good price.

42Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Sat Oct 08, 2011 11:03 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

43Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 4:28 pm

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
ODEL starting out as a single company has grown over the years and has 15 stores with its flagship store in Alexandra place, and was operating successfully by carving a niche in the market. If I am not mistaken the target customers were high end local and foreigners. ODEL has transcended now to a top tourists visiting place and will benefit from the tourist boom in coming days. The strategic position of its store in Alexandra place was the key to attract this segment. Therefore the store location is very important for their revenue generation and attracting the target customer.
Dont know how some of the stores will contribute to this strategy specially areas like Panadura, Wattala, Kiribathgoda and Ja-ela are famous for value retailing. Average person in Sri lanka will find the items in ODEL retail store expensive. Even the low budget tourists from Asian Countries find it very expensive.
Despite all these, ODEL Revenue shows a robust growth quarter to quarter, and will improve further from the new stores if it starts to generate the expected revenue . But it depends on how much square feet area it adds on and how much Revenue/sq ft it generates.
Comparing the last two years financial reports Gross Profit margins are around 36% and net profit are around 6%. The more store they open they have to ensure that each store generate enough sales and ROI to maintain the overall profitability. They will have to keep on refurbishing and upgrading each store within reasonable time frame, Keep on advertising and promoting to attract the same customers visiting the store to see something new. Apart from these ODEL plans overseas expansion.
The firm opened a fashion accessories store for women in Singapore last year with more overseas outlets planned and also plans to enter the Maldives and India. LBO 7Jun 2010
So far things for ODEL looks fabulous and all depends on how they grow and manage in future
Chairman Ruchi Gunawardene statement conflicts with good corporate governance practices
“Whilst the strategic direction of the company has always been set by Otara, the challenge for the rest of the Board members was to assimilate that and add value to her vision.”

The Board should be balanced and should ensure that no individual or group of directors has unfettered powers of discretion. The board of directors provide mix of knowledge, skills and experience therefore has to be a collective decision.
ODEL group encompasses 5 subsidiaries, and investment in subsidiaries amounts to 389Mn. Out of this 270Mn invested in 2010/11 in ODEL lanka pvt Ltd whose principal activity is to operate a shopping complex and retail mall, and do not know whether they have commenced operation. The proceeds from IPO 250.5mn entirely used for this.
Proceeds from Interest bearing borrowings shows 695mn in cash flow statement apart from IPO proceeds, and still showing a negative cash flow of 342 mn for the year. The total Interest bearing loan as on the balance sheet 2010/11 is 930 mn. The finance expenses for the last 02 years stands around 67Mn per annum means they have to stabilize and grow.
Lets see what they can deliver this qtr
Good luck

44Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 5:20 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
@Roboticfx wrote:
@ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

Hiiiiiiiii, why you say so? wait & see. ODEL will move very fast than you think. wait & see

45Keep your eyes on ODEL.N - Page 2 Empty Re: Keep your eyes on ODEL.N Sun Oct 09, 2011 5:24 pm

Roboticfx

Roboticfx
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@bakapandithaya wrote:
@Roboticfx wrote:
@ABEST wrote:i do not think it will move up, last couple of month it is stay on or under 36.00

This situation is not special for ODEL only. All shares were like this. Smile

Hiiiiiiiii, why you say so? wait & see. ODEL will move very fast than you think. wait & see

yeah! sudden upward can be expected! Very Happy

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