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.

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


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» Anyone attended AGM?
by Mr. X Today at 8:19 pm

» A Strong bounce back of ASI is on the cards
by samaritan Today at 6:17 pm

» Prominent Investors of the colombo stock market
by samaritan Today at 6:06 pm

» DIPD/HAYC/HAYL
by Eranga87 Today at 5:55 pm

» ACL post share split trading and the future potential
by sheildskye Today at 3:27 pm

» Current 2021 Februray Unit Trust/Unit Fund Per Annum percentages
by N W Today at 2:44 pm

» WindForce (WIND) IPO Overview
by EquityChamp Today at 10:09 am

» Norway -> biggest shareholder of NDB
by shihan 93 Today at 9:56 am

» GLAS will be winner with Super Gain.
by Promoney Yesterday at 3:41 pm

» Many positives for Next week
by Vishwanarth Yesterday at 12:29 pm

» Maldives records over 100,000 tourist arrivals in first 35 days of the year
by samaritan Yesterday at 9:59 am

» Kind of behavior traders engage in when they are frustrated and want their money back from the market. Stock market for beginners
by lal62 Yesterday at 7:40 am

» EXPO EXPO EXPO
by Gowri123 Yesterday at 12:35 am

» still I believe this
by 100Bill Fri Mar 05, 2021 9:21 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Fri Mar 05, 2021 8:19 pm

» Investor sentiment - will there ever be a recovery?
by xhunter Fri Mar 05, 2021 7:49 pm

» Let's have a stop-loss strategy to maximize investment returns in stock market
by EquityChamp Fri Mar 05, 2021 7:19 pm

» Daily Foreign Transactions
by Pradeep90 Fri Mar 05, 2021 6:56 pm

» කොටස් මිල දී ගන්න මෙය හොඳම කාලයයි – රාජ්‍ය අමාත්‍ය කබ්රාල්
by samaritan Fri Mar 05, 2021 5:07 pm

» IS it right time to stick to warren buffett's most famous saying ???
by Mr. X Fri Mar 05, 2021 4:02 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

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » DIESEL & MOTOR ENGINEERING PLC (DIMO.N0000)

DIESEL & MOTOR ENGINEERING PLC (DIMO.N0000)

Go to page : Previous  1, 2, 3, 4, 5  Next

Go down  Message [Page 4 of 5]

mark


Expert
Expert
@Gaja wrote:
@mark wrote:guys please dont misunderstand me,
but this share is under NON PERFORMING SHARES category in my list...(in my trading view)

last time when it was at 700 levels(before motor sector runs),my broker advised me to buy COLO or UML instead of DIMO,so as i remember i bought COLO at 100 and sold at 300.. Smile

Friend i wel come ur thoughts, everybody should tell their view point, and it will differ from person to person, i also made huge profits on COLO, and i prefer that for short term investment, UML i didn't follow


ya ya sir Smile
COLO can be a short term play if buy below 235 and sold back quickly Smile

we know that there is many shares with high fundamentals,but not performing well in the market,so traders normally shift from them and rotate to performing shares whether funda or not,
btw as today trades RENU,CINS,ALLI,SOY can be good short term shares as per today prices.. Smile

greedy


Manager - Equity Analytics
Manager - Equity Analytics
Few guys have given strong warning on this share before bad news came out! I also feel a gloomy outlook but I don't expect this sector to get worst like before 2009.

Slstock


Director - Equity Analytics
Director - Equity Analytics
@Gaja wrote:I have 100 shares of DIMO, at the moment i am very carefully watching the price moments of the DIMO, yes it SEEMS that it try to stabilize at this price level, on 02nd and 03rd i noted huge selling pressure!

I am plan to enter in to this one, based on the trends expected, also note that i generally buy with medium to long term investment!

I may be wrong at the selection, but patiently watching the moments

Gaja, I mentioned about Dimo several times on the forum so I sill summarize..Firstly it will be better to watch and wait a bit to enter . Dimo is currently trading below Nav.I am not sure whether people expect this company to make
several quarters of losses the way they are selling. I see lot of negativity on this share specially by short/medium term players.this might be the highest eps company ( short term) at cse but have been severly underperforming.

The price now is below trading price in 2010 july.In2010 when it was trading at rs 800 , nav was 270 and eps 17!

sheer negativity and mentality about the tax hike is killing this share short term. But if we look deeper in to political structure and portfolio nature of this company in d present market , I see this is still one of the strongest in the sector if not the most. Their exposure to passenger vehicles are lesser. Some vehicles they sell have tax benefits. So these drop might underestimate dimo performence in bear market. Ofcourse there will be profit drops but does dimo deserve to trade lower and will the company make lesser than rs17 eps? Short term players can answer that. I commented here as you look at longer term picture. Short term we all saw what happens.

There was some collection around rs 1000 to 1040 also as you might have seen before the bad news.

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Well, i hope the forum must have this kind of constructive arguments

Monster


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
I agree with slstock. Even if the annual EPS drops to Rs 100/-, it deserve to trade at Rs 1000/-. However, due to negative market sentiment, share price may drop little bit further. I may be wrong.

mark

mark
Expert
Expert
i did scanned some highly accepted ratios of their latest financials to find any risk,but i cldnt find bad scenarios,can someone tell me any problem in the financials at glance........


http://www.cse.lk/cmt/upload_report_file/694_1329138465935.pdf

btw there is a big value in current liabilities-Short-term interest bearing borrowings - 3,588,996

other than that all values showing less financial risk,i think many are anticipating less revenues in future,but sure the existent of the company is assured for long future as per accounts..

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
@mark wrote:i did scanned some highly accepted ratios of their latest financials to find any risk,but i cldnt find bad scenarios,can someone tell me any problem in the financials at glance........


http://www.cse.lk/cmt/upload_report_file/694_1329138465935.pdf

btw there is a big value in current liabilities-Short-term interest bearing borrowings - 3,588,996
other than that all values showing less financial risk,i think many are anticipating less revenues in future,but sure the existent of the company is assured for long future as per accounts..

mark, is it 3 mn or 3 bn? If it is 3 mn it is nothing. If 3 bn thats means they have borrowed working capital. Then for what? definetely they must have a large stock in hand in any given time. If that is the case with recent duty increase their Q profit should go up with increse unexpected profi on nano cars.

sriranga

sriranga
Co-Admin
Should be 3 Billion.
Please see last 4 Quarters Balance Sheet.
DIESEL & MOTOR ENGINEERING PLC (DIMO.N0000) - Page 4 Dimo110
DIESEL & MOTOR ENGINEERING PLC (DIMO.N0000) - Page 4 Dimo210

http://sharemarket-srilanka.blogspot.co.uk/

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Thank sri, Just see the figures. As I guessed their huge inventory as at 31.12.2011 is around 4.4 bn. Even at 30.09.2011 is also same 4.4 bn. That means they maintain around 4 bn worth of stocks. So change of currency rate and duty increase both have helped DIMO to gain more profits I guess. Let's see March Q result soon. Who are the winners? whether ppl who sold or ppl who bought?

70DIESEL & MOTOR ENGINEERING PLC (DIMO.N0000) - Page 4 Empty DIMO- any hope? Thu Jun 06, 2013 8:30 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
DIMO today traded @265/= level nealy 20000 shares ... any tax reduction storys behind that or not ??

already 10/= paid as dividend ..

any hope with this guys ??? Shocked

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
DIMO at Rs 265????

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
265?

I feel they are having much pressure from the Quarters to come!

I might be completely wrong

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Jana wrote:DIMO today traded @265/= level nealy 20000 shares ... any tax reduction storys behind that or not ??

already 10/= paid as dividend ..

any hope with this guys ??? Shocked

DIMO closing price was 561.00 so not sure what you were looking at.

From what I was told by a guy at a finance company, there can be concession for only cars below 1000cc. These could include cars like Belta 998cc version, Vitz, Maruti etc. We could see an influx of cheap Chinese cars which look like three wheelers.

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sorry 565/=

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
What will be INR impact on dimo. if INR slide more this will have positive impact.

http://profit.ndtv.com/news/cheat-sheet/article-five-reasons-why-the-rupee-is-sliding-against-the-dollar-323063?pfrom=home-business

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
To be honest I had more faith than this in DIMO. The last 2 quarters have been a disaster.

In my mind too I had the edge for DIMO over UML due to company history and connections and a firm hold in SRi Lanka.

But looking at earnings UML is ahead now.

Until tax cuts or huge BENZ buys or TATA buys , DIMO earning doesn't seem to recover to previous levels especially with the high finance costs .

However they reduced loan compared to last year and disposed inventory. So maybe next quarter might be much better

Maybe govn might look at revising 1000cc below taxes. But not sure how strong their NANO sale are either to bring them a lot of profit.


Anyway I don' think this share has a reason to drop much below RS 500 until this giant makes a recovery. Note the NAV is 850 in any case.


Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/694_1370574257.pdf

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
NO!
Not until government change car tax policies!

Bond


Manager - Equity Analytics
Manager - Equity Analytics
@Rajitha wrote:NO!
Not until government change car tax policies!

I thought there was a change in tax policy around the corner Shocked

ice4083


Senior Equity Analytic
Senior Equity Analytic
Govt might reduce taxes for a short time as luxury vehicles are the biggest import tax earners, and registrations fees, 1 merc will give enough tax revenue to covers 1000 nanos

81DIESEL & MOTOR ENGINEERING PLC (DIMO.N0000) - Page 4 Empty DIMO - good level to collect Thu Sep 12, 2013 12:38 pm

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
DIMO has a NAV of 852

They have restructured the company so profits might start soon - trading at 450!

Maybe a good share to look at? Please let me know your thoughts

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Good share but not at the moment..

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
NAV 852 but what about reduction in profit?

Balanced_Views


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@sikka89 wrote:NAV 852 but what about reduction in profit?
Yes so if they turn it around, it ll reach good levels - good buy

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
If you want to have a touch in motor sector go for UML. But why looking at a sector where there is no hope for the moment?

Sponsored content


Back to top  Message [Page 4 of 5]

Go to page : Previous  1, 2, 3, 4, 5  Next

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