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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » COCR oder book - new comers study it

COCR oder book - new comers study it

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1COCR oder book - new comers study it Empty COCR oder book - new comers study it Mon Jan 02, 2012 11:57 am

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics
There is a selling order @ 24/- 11,000 + & buying order @ 23.80 around 18,000.
what its mean ?????, try to understand that. Someone is try to collect @ 23.80 by putting a selling order.

2COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 12:01 pm

kama


Manager - Equity Analytics
Manager - Equity Analytics
Very Happy or some one may be trying to sell by putting a buying order...Think both sides.

Stdy this also http://www.cse.lk/cmt/uploadAnnounceFiles/5731324008132_1063.pdf

3COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 12:10 pm

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics
@kama wrote: Very Happy or some one may be trying to sell by putting a buying order...Think both sides.

My friend if it is so he is not putting that buy order,such a to selling price. He may put 23 - 22.50 Smile



Last edited by osmand on Mon Jan 02, 2012 12:26 pm; edited 1 time in total

4COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 12:23 pm

kama


Manager - Equity Analytics
Manager - Equity Analytics
osmand wrote:
My friend if it so he is not putting that buy order, such a close price to selling price. He may put 23 - 22.50 Smile

He is a very cunning seller..his bid ask gap is 0.40 cents. then people will eat it. Twisted Evil
selling pressure should be high since additional 10m of shares are in the market due to ESOP
http://www.cse.lk/cmt/uploadAnnounceFiles/5731324008132_1063.pdf

5COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 12:59 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@kama wrote:
osmand wrote:
My friend if it so he is not putting that buy order, such a close price to selling price. He may put 23 - 22.50 Smile

He is a very cunning seller..his bid ask gap is 0.40 cents. then people will eat it. Twisted Evil
selling pressure should be high since additional 10m of shares are in the market due to ESOP
http://www.cse.lk/cmt/uploadAnnounceFiles/5731324008132_1063.pdf

COCR ESOP is @ Rs.30.58. Still they haven’t issue these shares. Further those shares will not have any selling pressure as no employee will sell below purchasing price. IN SAMP and JKH, ESOP shares do have selling pressure as they are issuing far below the market price. In COCR it's different. But I can’t agree for the collection theories either, as no body seem to be selling to him and selling pressure from 19,000 shares have no weight. In COCR lot of people bought it at higher prices, mostly above Rs.30/- and there's not much interest to sell, unless in a panic situation.

6COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 3:06 pm

visionstar


Senior Equity Analytic
Senior Equity Analytic
hariesha, your analysis is correct. Thank you,

7COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 4:24 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@hariesha wrote:

COCR ESOP is @ Rs.30.58. Still they haven’t issue these shares. Further those shares will not have any selling pressure as no employee will sell below purchasing price. IN SAMP and JKH, ESOP shares do have selling pressure as they are issuing far below the market price. In COCR it's different. But I can’t agree for the collection theories either, as no body seem to be selling to him and selling pressure from 19,000 shares have no weight. In COCR lot of people bought it at higher prices, mostly above Rs.30/- and there's not much interest to sell, unless in a panic situation.

Yes I think ESOP is not carried out yet. But the question is would an employee buy shares at Rs30+ when the market offers at Rs 23-24 presently?

8COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 5:08 pm

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:
@hariesha wrote:

COCR ESOP is @ Rs.30.58. Still they haven’t issue these shares. Further those shares will not have any selling pressure as no employee will sell below purchasing price. IN SAMP and JKH, ESOP shares do have selling pressure as they are issuing far below the market price. In COCR it's different. But I can’t agree for the collection theories either, as no body seem to be selling to him and selling pressure from 19,000 shares have no weight. In COCR lot of people bought it at higher prices, mostly above Rs.30/- and there's not much interest to sell, unless in a panic situation.

Yes I think ESOP is not carried out yet. But the question is would an employee buy shares at Rs30+ when the market offers at Rs 23-24 presently?

But that's the offer price. When they are announcing the ESOP share price was much higher. But when they are getting all regulatory approvals and shareholders’ approval, share price may increase. This whole process may take about minimum two months. According to company strategic plan they are expecting the share price to go beyond 200/-++ within next two years. Share is good for a medium to long term investor. But last two weeks it came down to 22/- levels from 26/- to 27/50 levels.

9COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 5:42 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@hariesha wrote:
@slstock wrote:
@hariesha wrote:

COCR ESOP is @ Rs.30.58. Still they haven’t issue these shares. Further those shares will not have any selling pressure as no employee will sell below purchasing price. IN SAMP and JKH, ESOP shares do have selling pressure as they are issuing far below the market price. In COCR it's different. But I can’t agree for the collection theories either, as no body seem to be selling to him and selling pressure from 19,000 shares have no weight. In COCR lot of people bought it at higher prices, mostly above Rs.30/- and there's not much interest to sell, unless in a panic situation.

Yes I think ESOP is not carried out yet. But the question is would an employee buy shares at Rs30+ when the market offers at Rs 23-24 presently?

But that's the offer price. When they are announcing the ESOP share price was much higher. But when they are getting all regulatory approvals and shareholders’ approval, share price may increase. This whole process may take about minimum two months. According to company strategic plan they are expecting the share price to go beyond 200/-++ within next two years. Share is good for a medium to long term investor. But last two weeks it came down to 22/- levels from 26/- to 27/50 levels.

This is exactly why I pointed this out.

The ESOP was announced on Dec 16th at 30+. But the share price on Dec 16th was Rs 23.90 . Also today around same.

So is this a clue that someone will be doing somthing to get it up to Rs 30+ by the time of ESOP to make it attractive?
I do not know but am trying to read between the lines.

However, about the Rs 287 share target price in 3 years seems a bit optimistic. But I am not going to rule out as in due course we will see their growth targets are true to their predictions or not.

Right now their annualized eps is 2.44
NAv is 3,2 ( which is rather weak).

All depends on how their strategic plan is executed . Maybe it will be a wonder in CSE. Time will only tell. Right now I am keeping me reservations untill their plans are validated atleast within the next 1 year.

But short term targets of RS 30+ is possible if market recovers or someone will do something to make the price rise as per ESOP plan. The public holding is comparatively less.

It is however best to recall what happend to SHL when employees were asked to buy at Rs 29. Yes SHL was overvalued but COCR on EPS is fairly valued i should say around RS 25-30. PBV is rather disappointing presently.


All am saying is we should play safe with company propaganda unless we know our plan when to buy and when to sell.



Last edited by slstock on Mon Jan 02, 2012 6:03 pm; edited 1 time in total

10COCR oder book - new comers study it Empty Re: COCR oder book - new comers study it Mon Jan 02, 2012 5:56 pm

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics
wel said slstock, thnkx

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