JKH eat maket

market drop karanne jkh walin . what's going on?

Wasn't it also a contributor to "this bull run"? which I think is going at somewhere in PE 20 now.

Basnayake wrote:market drop karanne jkh walin . what's going on?

may be by HNWI to collect at lower levels.

whatever most of them look MPI and ASI then sell other shares also lower price.

Aiyo kauda meka down kale.Hoo Hoo mokekwath aduwen denna shares.Api ahuwei.Turnover ekai trades ganna deyak naa.Hoo

I personally think that there should be much more bigger companies in the market like JKH,
the JKH share is too bigger portion in the market that,when it goes red or green on a normal day, the ASI follows it...

Yes, If not for the previous SEC administrators, by this time we have several big companies in CSE, like Insurance Corp., Sri Lankan catering, Litro Gas several international hotel chains.

Hopefully we may see these listings in next year. This year we may see small IPS such as Pelwatta Diary.

Any how do not worry about the index and impact on it by JKH. Today there was a point JKH down by Rs.3.50 and still market up by 25 points. I think now market can withstand the pressure of weakening JKH. There are lots of counters which haven't move yet, which are index heavy. LOLC group companies, CARS, GREG quite lot of popular. CARS is under pressure due to very weak palm oil prices.

JKH may correct further and it should and market can withstand it, by shifting the focus of the shares.


http://research.srilankaequity.com/t532-buiyng-jkh-cal-thinks-otherwise

One more thing, corrections are needed for the market. Couple of days back most of the guys were worring about the RSI level, which was above 95. In those situations most traders are trying to be in the side line. Due to the correction during last couple of days RSI may in 60s by now, which will enable re-investments and new cash flows.

So corrections are needed.

hariesha wrote:One more thing, corrections are needed for the market. Couple of days back most of the guys were worring about the RSI level, which was above 95. In those situations most traders are trying to be in the side line. Due to the correction during last couple of days RSI may in 60s by now, which will enable re-investments and new cash flows.

So corrections are needed.

Yes I too was concerned about market been overbought as I mentioned in the forum many times. Now the situation is getting to be more toward neutral position.

What i said before was

"Agree. But 6000 wax broken easy as Pie on monday. That is if when we want to. But 6000 seems a big psych barrier.

Let
the overbought pressure reduce and new buyers to get a fresh chance.
More solid for better future. Unless there is A sudden massive drop On
wednesday , this red has to last 2 more days for Rsi to come below 70"

http://forum.srilankaequity.com/t23387-the-end#140203

On Friday it came down to about 64 at one time. It looked like turning towards the end but it is too early to tell. The selling mentality needs a bigger boost to end. Let see monday what kind of pressure we have. If we get any positive news or buyers start coming in with bigger volumes then market can make a turn to head again over 6000. Else we might see more side way days or hopefully minor red days.

BTW lets not blame JKH. It need a life of its won too. When market goes up JKH is usually is a trigger. When it comes down company gets blame again JKH went up too much too soon helping the index. So it was bound to have some selling and it happened.

I rememebr DIST buying into JKH over Rs 215 ( was it Rs 220?) Then it came down to Rsd 170 even. Glad longterm holder like DIST did not panic and sell. That what investing is about even you beilieve you company will do better in the longer term.

now jkh is overvalued

slstock wrote:BTW lets not blame JKH. It need a life of its won too. When market goes up JKH is usually is a trigger. When it comes down company gets blame again JKH went up too much too soon helping the index. So it was bound to have some selling and it happened.

I rememebr DIST buying into JKH over Rs 215 ( was it Rs 220?) Then it came down to Rsd 170 even. Glad longterm holder like DIST did not panic and sell. That what investing is about even you beilieve you company will do better in the longer term.

DIST is an another investment trust like LOLC. Closing 30th September in a high note will help companies like LOLC and DIST. Will report good investment profits.

hariesha wrote:

slstock wrote:BTW lets not blame JKH. It need a life of its won too. When market goes up JKH is usually is a trigger. When it comes down company gets blame again JKH went up too much too soon helping the index. So it was bound to have some selling and it happened.

I rememebr DIST buying into JKH over Rs 215 ( was it Rs 220?) Then it came down to Rsd 170 even. Glad longterm holder like DIST did not panic and sell. That what investing is about even you beilieve you company will do better in the longer term.

DIST is an another investment trust like LOLC. Closing 30th September in a high note will help companies like LOLC and DIST. Will report good investment profits.

Distilleries is good...but

I don't believe in LOLC very soon it will be another Golden Key! that is what I hear Rs.65 billion debt all internal group's creative accounting to balance profits. That is why Rohini Nanayakkara has left HPFL too very soon I hear ROHINI WILL LEAVE LOLC BOARD too too much debt and too risky for her old age!

StockGuru wrote:

hariesha wrote:

slstock wrote:BTW lets not blame JKH. It need a life of its won too. When market goes up JKH is usually is a trigger. When it comes down company gets blame again JKH went up too much too soon helping the index. So it was bound to have some selling and it happened.

I rememebr DIST buying into JKH over Rs 215 ( was it Rs 220?) Then it came down to Rsd 170 even. Glad longterm holder like DIST did not panic and sell. That what investing is about even you beilieve you company will do better in the longer term.

DIST is an another investment trust like LOLC. Closing 30th September in a high note will help companies like LOLC and DIST. Will report good investment profits.

Distilleries is good...but

I don't believe in LOLC very soon it will be another Golden Key! that is what I hear Rs.65 billion debt all internal group's creative accounting to balance profits. That is why Rohini Nanayakkara has left HPFL too very soon I hear ROHINI WILL LEAVE LOLC BOARD too too much debt and too risky for her old age!

This is bad writing. Really irresponsible and sarcastic. Mrs. Rohini Nanayakkara left because of here age, she retired. And it was on the cards. Her retiring, not resigning from LOLC is also on the cards. It's nothing new.

hariesha wrote:

StockGuru wrote:

hariesha wrote:

slstock wrote:BTW lets not blame JKH. It need a life of its won too. When market goes up JKH is usually is a trigger. When it comes down company gets blame again JKH went up too much too soon helping the index. So it was bound to have some selling and it happened.

I rememebr DIST buying into JKH over Rs 215 ( was it Rs 220?) Then it came down to Rsd 170 even. Glad longterm holder like DIST did not panic and sell. That what investing is about even you beilieve you company will do better in the longer term.

DIST is an another investment trust like LOLC. Closing 30th September in a high note will help companies like LOLC and DIST. Will report good investment profits.

Distilleries is good...but

I don't believe in LOLC very soon it will be another Golden Key! that is what I hear Rs.65 billion debt all internal group's creative accounting to balance profits. That is why Rohini Nanayakkara has left HPFL too very soon I hear ROHINI WILL LEAVE LOLC BOARD too too much debt and too risky for her old age!

This is bad writing. Really irresponsible and sarcastic. Mrs. Rohini Nanayakkara left because of here age, she retired. And it was on the cards. Her retiring, not resigning from LOLC is also on the cards. It's nothing new.

She had the chance to being reappointed.That's what they show but FLCH is making losses because of HPFL.they are trying to sell HPFL but no one likes to buy. So they tried to sell 30% of FLCH and they cudn't do that too. Rohinin Nanayakkara left because she can't lose her good name when bad guys run the company. Look at guys in LOLC board Priyantha Fernando former deputy governor Central Bank advisor to EPF investments that how they got EPF to buy LOLC and dump shares, Seylan Bank chairman Mohan Pieris, Seylan Bank Board Ajith Devasurendra he was in Australia during last weeks worrying for NSB-TFC Deal but came back after market started booming.They say Ajith advised to sell Saliya Perera's stake of ASHOK at a low price when Saliya leveraged his 21% stake of ASHOK to his new share purchases portfolio via Seylan Bank and Seylan Bank sold the stuff at a loss and on the same day Arjun Aloysius pushed the share to a new high that was in 2011. Poor Saliya passed away by a heart attack at a Casino after what happened.

these guys are the main figures who caused stock market crash they tried to push up HDFC from Rs.1800 to Rs.5000 and cudn't do it so they got the board to split and now HDFC Rs.60 imagine the price before split and now...Very soon in next quarter results you will witness they have dumped stakes slowly slowly..

That does not end their...Ajith let Ishara to buy Royal Fernwood Porcelain and the company is already making Rs.600 million loss very soon Ishara-Ajith and the clan will list Royal Fernwood Porcelain and dump little stakes probably by an Introduction! Just like TAP,FLCH,LOFC,NIFL and etc. Somebody tried to sell 30% stake of NIFL last year for Rs.900 million or a billion rupees. Guess who it was the top shareholder who was marketing to sell that crap for a foreigner or a local. guess what anybody thinks NIFL is worth that much company does not have even 200 million in deposits! In Buddhism they have a saying for that "DITTA DHAMMA WEDANEEYA AKUSALA KARMAYA” this top investor loss his weight and even job (left on leave) after he got caught with NSB-TFC deal as the stock broker and investor!

This is not sarcastic writing this the truth! Sometimes we only see the outer surface of the sea but we need to dive deep to understand how sea really is!

Onna adath kawa.

ekane . meka hithalama karana wadak. mata mathakai 164 walata bulk gattha aya innawa me share eka

One thing regarding LOLC is that they own large No. of shares in other companies like SEYB , LION . etc.
SO if we add the mkt value of those portfolio they can easily pay off part of the loans they have taken.

I dont think LOLC will do crazy mistakes like SHL only thing they Quickly became a big conglomerate. ( Aggressive growth ) . They need to settle down for some time and should develop the system properly. Their Bottom line is very healthy and also the assets base.

Any way 65 b Loan is a huge amount in other words the highest among sri lankan companies if i am not mistaken. Good thing is they invested in healthy businesses. Lets see what they do.......For sure they should have Hot Board meetings every week with the finance controller...........

jkh can decide market direction