FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer

Latest topics

» LLUB=BULL Chevron Lanka Lubricant Target Price Rs 150..
by Thushara Ayya Today at 7:17 am

» BANKING SECTOR
by Thushara Ayya Today at 7:14 am

» Prime Residencies IPO. Over Priced?
by madukp Today at 12:37 am

» SL market is gaining it's momentum despite all threats
by madukp Today at 12:18 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by soileconomy Yesterday at 11:20 pm

» AMF will reach its high again?
by Bakka1988 Yesterday at 11:07 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Captain Yesterday at 10:57 pm

» CAUTION FOR THOSE WHO ARE ABOUT TO BUY MORE
by THUWA Yesterday at 9:20 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 9:04 pm

» R I L PROPERTY PLC (RIL.N0000)
by High-flyer Yesterday at 8:25 pm

» Directors' Dealings 17/06/2021
by SAGA Yesterday at 6:01 pm

» L B FINANCE PLC (LFIN.N0000)
by SAGA Yesterday at 5:37 pm

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by Wickyz Yesterday at 5:27 pm

» Top Foreign Tradings today - 17/06/2021
by SAGA Yesterday at 5:23 pm

» ‘‘ඔන්ලයින් හරහා අරක්කු බෙදනවාට මා තරයේ විරුද්ධයි‘‘ - රාජ්‍ය අමාත්‍ය
by Wickyz Yesterday at 12:37 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Eranga87 Yesterday at 11:35 am

» Watch COCR.N
by judecroos Yesterday at 9:17 am

» HATTON NATIONAL BANK PLC
by samansilva Wed Jun 16, 2021 11:14 pm

» LOLC HOLDINGS PLC (LOLC.N0000)
by SAGA Wed Jun 16, 2021 8:57 pm

» Directors' Dealings 16/06/2021
by SAGA Wed Jun 16, 2021 7:33 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute


Submit Post

CHRONICLE ANALYTICS
All Share Index (ASI), S&P, Milanka Price Index (MPI), Moving Averages and all other analytical graphs and charts

Contribute

Twitter Feeds

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » EXPERT CHRONICLE™ » Odel! Where are you going?

Odel! Where are you going?

Go to page : 1, 2  Next

Go down  Message [Page 2 of 2]

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hi Guys....
Odel was a highly recommended share by our forum members. so, I got some odel @ 33.50. But at the moment no any positive signal by this share. Is it better to keep it for some time or exit on a green day without much loss???
Your views highly appreciated..... Thanks

Share this post on: redditgoogle

Post Fri Oct 28, 2011 5:19 pm by wappula

@mark wrote:
@Leon wrote:
Hi Guys....

Odel was a highly recommended share by our forum members. so, I got some odel @ 33.50.
But at the moment no any positive signal by this share. Is it better to keep it for some time or exit on a green day without much loss???
Your views highly appreciated..... Thanks

who recommend you to buy ODEL?
its trading around 17 or 18 forward PE ratio

*At a price of Rs. 32.10, ODEL is trading at a FY12E P/E multiple of 17.8x

*FY 12E EPS Rs.-1.81

if you think ODEL is undervalued and it deserves a higher price,then you can consider the buying,its up to you...
btw as to my view-this is overvalued

note-you can have some trading opportunities in this counter due to upcomingseason,but do we have to offer such a high PE to this Rolling Eyes


මොකද? මාක් මහත්තය ඔය ටික කලින් නොකීවේ

note 2-this may be good for looooong term investors to hold in PF

Post Sun Oct 30, 2011 10:06 pm by mark

@Think9 wrote:
who recommend you to buy ODEL?
its trading around 17 or 18 forward PE ratio

Dear Mark ! no offence but you should read more !! In the business world where all da strategies change time to time , we all should read articles and should be updated. PE is no longer a valuable value in the modern investment strategies. and PE doesn't give any indication whether the share s good or not. This ratio started to use in 90s effectively but IBM proved in 2003 that this is a fail way of measuring whether the shares s over/under valued.

anyway if u google, u will managed to gain more information..


oh im sorry,i only know about PE Embarassed Smile


"............SHOE SHINE BOYS(many so called investment advisers and analysts seems to have started their career as janitors or tea boys at brokerage firms,and there seems to be a surplus of real shoe shine boys amongst the forum membership) are giving incredibly bad advise ,specially they are saying "BLUE CHIPS AND MANY OTHER COUNTERS ARE AT VERY ATTRACTIVE PRICES,52 WEEK LOWS AND IT'S TIME TO START COLLECTING" ridiculous........
...............A share at a 52 week low can go down to a 104 week low.........
The unpalatable truth is that DUMB MONEY STARTS BUYS ALL THE WAY DOWN TO BOTTOM..............the market turns when the dumb money sells out............
BROKERS WANT YOU TO BUY BECAUSE THEIR FAVORITE CLIENTS CAN TEN SELL.....''


By my friend TUBAL -JUNE 29th Very Happy

Post Sun Oct 30, 2011 10:50 pm by player

@Kumar wrote:
@Leon wrote:
Hi Guys....

Odel was a highly recommended share by our forum members. so, I got some odel @ 33.50.
But at the moment no any positive signal by this share. Is it better to keep it for some time or exit on a green day without much loss???
Your views highly appreciated..... Thanks

Yes I agree with you, this share was recommended by some members in this forum, I think 4 weeks back.
You need to under stand the basic values of the share, before buying.
Sorry to say the recommended post was transferred to the expert section.
Joke of the year.
Some other guys also promoting some useless shares in this forum.
Be vigilant.

Ya me too saw this thread in expert chamber sometime ago,it seems a moderator with common sense moved this back to the stock market talk,its funny we see such kind of behaviors in this forum...
its like suiciding when recommending shares in downtrend like this,when bull activates everyone is a great predictor,but you will find one or two ppl who can predict short runs in a bear market.

Post Sun Oct 30, 2011 11:01 pm by Quibit

I just moved the article to the Expert Chambers coz I think there is a good and professional discussion going on about this share. Expert chamber carries articles of good response and wider interest need not necessarily be a buy recommendation.

Please respect the the effort of the moderators.

Kumar

Post Mon Oct 31, 2011 12:09 am by Kumar

@Think9 wrote:

PE is no longer a valuable value in the modern investment strategies. and PE doesn't give any indication whether the share s good or not. This ratio started to use in 90s effectively but IBM proved in 2003 that this is a fail way of measuring whether the shares s over/under valued.

anyway if u google, u will managed to gain more information..




We all agree PE is not one and only one instrument to determine the stock value.
Please see the following
No of Shares 144.95 million
NAV=11.79
Cash Balance -339.95 million
Dividend Paid last FY - 0.50
Forwarded PER around 18.98 ( as at 28/10/2011 share price 32.00)
ROE (Forcast) - around 18%

Now decide at this price this stock is under valued/ over valued?
For me this is still over value.

avatar

Post Mon Oct 31, 2011 12:50 am by tj

At Profit before tax level when you compare half yearly results current year is negative 7% compared to last year. Also their increase in cash and cash equivalent is also negative 158Mn. Top line growth is 14% but if you allow for inflation i don't think there is much of a real growth here as well. I think with their expansions one would have expected a higher increase in the top line. Even if we forget about the PE ratio other than the fact that the company is in a growth sector i also cant see a compelling reason for this share to be attractive. However as CSE had number of unexplainable rallies this could also go up.

Thx
tj

Hawk Eye

Post Mon Oct 31, 2011 8:20 am by Hawk Eye

With a massive negative cash balance,and increasing finance costs, how prudent is it for ODEL to keep on opening few more stores??

avatar

Post Sun Nov 06, 2011 1:24 pm by swan03

My adviser told me that this share just like "Pathola". Hondakuth na narakakuth na.

mark

Post Tue Nov 15, 2011 11:05 am by mark

Laughing Laughing Laughing

Kithsiri

Post Tue Nov 15, 2011 11:32 am by Kithsiri

@swan03 wrote:My adviser told me that this share just like "Pathola". Hondakuth na narakakuth na.
Tell us the name and I want to ask him (she) how he (she) rates MASK today? Very Happy

avatar

Post Tue Nov 15, 2011 1:18 pm by ABEST

i am going to sit in my IPO price. : by ODEL

traderathome

Post Sun Feb 26, 2012 10:46 pm by traderathome

Hi I relatively New to this forum,In fact i bought some shares of ODEL and have a limit order @22.50 for further 1500shares.I am eyeing 35per share in the future.22.50 price is derived fractionally below @23 Fib level. Any thoughts on that bounce

avatar

Post Mon Feb 27, 2012 7:50 am by kelumhewage

even i have this which i have bought at 30 big quantity... i bought this when the price level was 40 to 50 and last year this went up to 52 ..... it will move.......i am collecting anyway....not a recomandation....

Kithsiri

Post Mon Feb 27, 2012 8:38 am by Kithsiri

This is attractive to me only if it is below 20 and not at the present level.

kiwi

Post Mon Feb 27, 2012 11:12 am by kiwi

There are some very interesting arguments for and against the stock. Also some very valid defending that the value of any stock in the end depends on its profitability - everything else is "noise". The PE ratio is very good measure, sure its not perfect, but its better than anything else at showing where things are with any particular share.

With regards to Odel, I made my own decision not to invest after visiting some of the stores. If all the stores had the same sort of visitor numbers as the main store, then I would have bought. But the reality is that there is hardly anyone at the other stores - at least when I have visited. So, as a single store it has been a great success, but as a chain I just don't think it has performed. That's purely based on my own personal, non-scientific view. So, if the future growth strategy is all about more and more new stores and all the investment, management focus is going into that, then I think the prospects are bleak.

I am very interested in what others have experienced when they have visited stores other than the flag ship store at eye hospital junction which is packed.

traderathome

Post Thu Mar 01, 2012 4:52 pm by traderathome

@traderathome wrote:Hi I relatively New to this forum,In fact i bought some shares of ODEL and have a limit order @22.50 for further 1500shares.I am eyeing 35per share in the future.22.50 price is derived fractionally below @23 Fib level. Any thoughts on that bounce
i bought few stocks at 21.70 and averaged it to 23+ which is almost with market level.im targeting 35 area to sell off.should market sentiments are bearish and as a result odel shares slips further there will be double the limit order size waiting to catch on the discounted price around 10+12rs. cheers please DYDD drunken

mark

Post Thu Mar 01, 2012 8:32 pm by mark

ha ha OLD THREADS Smile

traderathome

Post Sun Mar 04, 2012 8:47 pm by traderathome

presently there is know buying trigger based on my technicals.but looks a bargain purchasing in anticipation of higher prices.so imo it looks as if most of the traders are buying into the rumour,which is not good.as someone noted in previous post that buying at 20 also would be based on this theory.right now if you throw 100ma to the daily chart the current prices are well below that line unless price moves above it will not be of any interest.all what i have done is grid trading until this price moves above 100ma. Very Happy this is a bit risky though. Suspect

avatar

Post Wed Mar 07, 2012 11:39 pm by lemuria

expect more competition. new chains coming in . P/E ratio more than 13 annualised 30/09/2011. P/B more than 2.

not worth at current price.

avatar

Post Wed Mar 07, 2012 11:46 pm by lemuria

buy shares when P/E comes around 6 mate 7 watch interest rates too Wink

traderathome

Post Thu Mar 15, 2012 8:33 pm by traderathome

@traderathome wrote:presently there is know buying trigger based on my technicals.but looks a bargain purchasing in anticipation of higher prices.so imo it looks as if most of the traders are buying into the rumour,which is not good.as someone noted in previous post that buying at 20 also would be based on this theory.right now if you throw 100ma to the daily chart the current prices are well below that line unless price moves above it will not be of any interest.all what i have done is grid trading until this price moves above 100ma. Very Happy this is a bit risky though. Suspect
I m placing a BUY order @ 18/-. for some more shares will keep you informed if order is filled Very Happy ..If you see the Harmonic Pattern thread...the BUY order is on ...have nt got a clue whether rs 18 is a thing in the past or will it reversed just FOR ME Rolling Eyes no hard feelings if i miss the train, there is some fish to FRY Basketball

Sri Lanka’s retail fashion industry is signaling an evolution supported by many developments taking place in the local market including the entry of select international fashion brands, says ODEL PLC.

Odel, the country’s leading fashion retailer made announced this observation while commenting on its latest annual report.

It also points out that this situation signals that Sri Lanka’s retail industry is maturing.

According to Ruchi Gunawardena, the Chairman of the listed ODEL PLC, many international retailers are looking to enter the local market.

“The entry of international brands to the market is as a result of the growth in tourism as well as an increase in consumer spending”, added ODEL.

It believes that producing a large number of fashion designers through well-established design schools too has helped this evolution.

“A select few of these designers have established fashion labels and have had their collections featured at forums such as Colombo Fashion Week as well as in regional and international fashion events”, added ODEL.

ODEL perceives this upsurge in talent and the entry of international brands as a future promise for the industry.

The fashion retailer also observes that the commerce between Sri Lankan designers, retailers and consumers is definitely gaining more ground.

ODEL, which has achieved a net profit of Rs. 202 million during the year 2011/2012 believes, that these latest trends translate into healthy competition for the retailer.

ODEL was found by model turned entrepreneur Otara Gunawardena who has first set up her shop in the boot of her car.
http://www.news360.lk/business-finance/news-sri-lanka%E2%80%99s-16-07-2012-retail-fashion-industry-is-signaling-an-evolution-odel-887865

Hawk Eye

Post Wed Jul 18, 2012 9:06 am by Hawk Eye

Look at their target market and the pricing strategy and ehere they have opened their show rooms. Only the flagship showroom is packed as KIWI mentioned.

They have to seriously look at the other retail showrooms performance

aliasjjj

Post Wed Jul 25, 2012 11:26 am by aliasjjj

Why ODEL Share Trading So Actively Today...! Any News ?

duinvest

Post Thu May 16, 2013 12:34 pm by duinvest

Foreign Purchases(+) ODEL.N
Odel! Where are you going? - Page 2 15th_may_2013_top_30_net_foreign_purchases__sales-.bmp

duinvest

Post Mon May 20, 2013 9:08 pm by duinvest

ODELForeign Purchases(+)Odel! Where are you going? - Page 2 Odelforeign_purchases

Post  by Sponsored content

Back to top  Message [Page 2 of 2]

Go to page : 1, 2  Next

Permissions in this forum:
You cannot reply to topics in this forum