SmartMoney wrote:*Have look at the trade volumes, prices & price fluctuations of these two shares today .
*About SIRA, yes it gained handsomely today, but it ended in a bullish trend , so it can be expected this to be continued on Monday too .
*About PAP, no significant change in the price , so with stochastic data I sense that some good news is on the way .
*Please share your views .
Thank you .
Yes there will bluish factor on both stock in coming weeks. We have been discussing about PAP for more than one or two months... Everybody looking it financial. Since it is new listed companies, the quarter ended 31.12.2010 could be released on or before 15.May 2011.. But i would see some bluish signal due to the recent transactions ( 60Mn@4.5 and 30Mn@4.5 bought by some institutions)...
Look at the Financial and Performance
High dividend payout ratio..... ( Extract from Prospectus)
Before the IPO...
2009/10 EPS Rs.255..... DPS Rs.135 Div pay out ratio 53%
2008/09 EPS Rs.311..... DPS Rs.173 Div pay out ratio 56%
See other companies Dividend payout Ratio For 2009/10
VLL 2009/10.... EPS Rs.3.22 DPS Rs.1... 35%
VPEL 2009/10 .... EPS Rs.0.53 DPS Rs.0.25... 50%
HPWR 2009/10 ... EPS Rs.2.12 DPS 1.3 --- 60%
HPFL 2009/10 ( Nodata)
Hence We could expect high dividend payout ratio from PAP for 2010/11....
look at its earnings
Pan Asian Power - For 6 Months ( 30th Sep) ----45,159,110
Manelwala For 6 Months ( 30th Sep) ----- 6,421,291
Total For 6 Months ( 30th Sep) - ---51,580,401
3rd & 4th quarter Expected Profit -----70,000,000
Total -----121,580,401
Issued qty ------500,000,000
Annualized EPS ------ Rs.0.24
Current MKT Price ------ Rs.4.00
PE ------- Only 16 times
Following are the our discussion
http://forum.srilankaequity.com/t1932-pap-pan-asian-power-plc-dividend-payout-ratio
http://forum.srilankaequity.com/t814-what-about-papn
Happy Trading...