SHL is it good time to enter?

trader911 · 1 SHL is it good time to enter? Wed May 08, 2013 3:14 pm

trader911

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if there bottom line shows an improvement this qtr this will be a force tobe reckon, shld wait and see....hasnt appreciated at all with the run...

salt · 2 Re: SHL is it good time to enter? Wed May 08, 2013 4:29 pm

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good share

Bond · 3 Re: SHL is it good time to enter? Wed May 08, 2013 4:44 pm

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@salt wrote:good share

funny you say that Rolling Eyes

sandunj · 4 Re: SHL is it good time to enter? Wed May 08, 2013 4:50 pm

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Dont try to invest in SHL now but " thalluwak awoth monahari karaganna". Make some profit. At the moment this is my theory... May be Im wrong...

salt · 5 Re: SHL is it good time to enter? Wed May 08, 2013 5:05 pm

salt

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@Bond wrote:

@salt wrote:good share

funny you say that

http://forum.srilankaequity.com/t27221-softlogic-holdings-lkr-1000

Reason
Its trading close to NAV - assets are land & building, stocks & financials assets
It had done lots of restructuring , reducing burden of debt and aligning its interest
Easing interest rates should support
Hospital business is going well
Financial services have had a bad patch, should be better in the future if not shouldn't be bad
Electronic & MV business - position neatral
Only worry about hotels

Warning: I am long (small quantity) ,plan to take major exposure of my portfolio. 5-10%

seek · 6 Re: SHL is it good time to enter? Wed May 08, 2013 5:45 pm

seek

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Agree with Sandunj, while keeping 4 shares for long term, i am doing some carefull short term trading with the trend.

Bond · 7 Re: SHL is it good time to enter? Wed May 08, 2013 6:06 pm

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@salt wrote:

@Bond wrote:

@salt wrote:good share

funny you say that

http://forum.srilankaequity.com/t27221-softlogic-holdings-lkr-1000

Reason
Its trading close to NAV - assets are land & building, stocks & financials assets
It had done lots of restructuring , reducing burden of debt and aligning its interest
Easing interest rates should support
Hospital business is going well
Financial services have had a bad patch, should be better in the future if not shouldn't be bad
Electronic & MV business - position neatral
Only worry about hotels

Warning: I am long (small quantity) ,plan to take major exposure of my portfolio. 5-10%

That NAV is not worth. Not with 8.2 billion in intangible assets.
Prove me wrong

Bond · 8 Re: SHL is it good time to enter? Wed May 08, 2013 6:08 pm

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Intangible assets = market cap

Just imagine if they right it all off

Wonder how they got such a high intangible asset

salt · 9 Re: SHL is it good time to enter? Wed May 08, 2013 9:56 pm

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This is result of serious of acquisition

Light of Hope · 10 Re: SHL is it good time to enter? Thu May 09, 2013 5:16 am

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This only works if the trend is there for sometime. the issue with getting into a running bus is, most of the time when you make a entry the bus stops.

so better be in, so you can get off easily.

@sandunj wrote:Dont try to invest in SHL now but " thalluwak awoth monahari karaganna". Make some profit. At the moment this is my theory... May be Im wrong...

K.Haputantri · 11 Re: SHL is it good time to enter? Thu May 09, 2013 7:46 am

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I am stuck with IPO stuff. Must average now.

Bond · 12 Re: SHL is it good time to enter? Thu May 09, 2013 1:23 pm

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@salt wrote:This is result of serious of acquisition

Every good analyst knows that intangible assets should be excluded when looking at NAV. You may want to recompute and reassess things.

The SHL has consolidated goodwill on top of existing goodwill. Was there any goodwill in AAIC before SHL took over?

However I'm still puzzled by the intangible assets are high when equity is not as high. It can't just be minority interest (that is the NDB stake)

trader911 · 13 Re: SHL is it good time to enter? Thu May 09, 2013 5:04 pm

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@Bond wrote:

@salt wrote:This is result of serious of acquisition

Every good analyst knows that intangible assets should be excluded when looking at NAV. You may want to recompute and reassess things.

The SHL has consolidated goodwill on top of existing goodwill. Was there any goodwill in AAIC before SHL took over?

However I'm still puzzled by the intangible assets are high when equity is not as high. It can't just be minority interest (that is the NDB stake)

it is almost 100% correction guess 11 should be bottom if this trend continues, if we gonna worry abt certain factors bus will be missed cos it has already started...heavy collection today..

sandunj · 14 Re: SHL is it good time to enter? Thu May 09, 2013 9:04 pm

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Yes Heavy collection at 11.60. Another intresting stock for the watch in coming days...

Light of Hope · 15 Re: SHL is it good time to enter? Thu May 09, 2013 9:42 pm

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bought a little today to add to my hold, let's see

K&M · 16 Re: SHL is it good time to enter? Thu May 09, 2013 9:55 pm

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@Bond wrote:

@salt wrote:This is result of serious of acquisition

Every good analyst knows that intangible assets should be excluded when looking at NAV. You may want to recompute and reassess things.

The SHL has consolidated goodwill on top of existing goodwill. Was there any goodwill in AAIC before SHL took over?

However I'm still puzzled by the intangible assets are high when equity is not as high. It can't just be minority interest (that is the NDB stake)

You may be right on the NAV calculations but parent company can have its goodwill plus the goodwill arise on its acquisitions. they must be having a higher goodwill most probably due the Hospital industry where it has strong brand equity and a loyal customer base.

And AAIC might not have a positive goodwill (its not virtually certain), but thats fine given that negative good will bring FV gain on investment to the SHL. Overall SHL is a good company there hospitals are in a great position i presume and as salt said financial companies can turn into a good position when interest rates eases.

trader911 · 17 Re: SHL is it good time to enter? Fri May 10, 2013 2:23 pm

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@trader911 wrote:if there bottom line shows an improvement this qtr this will be a force tobe reckon, shld wait and see....hasnt appreciated at all with the run...

huge qty's of shl traded today,guess my prediction was spot on...shld c how this share behave in coming days...

trader911 · 18 Re: SHL is it good time to enter? Fri May 10, 2013 3:54 pm

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http://www.cse.lk/cmt/upload_cse_announcements/5701368176601_.pdf

WildBear · 19 Re: SHL is it good time to enter? Fri May 10, 2013 7:27 pm

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@trader911 wrote:http://www.cse.lk/cmt/upload_cse_announcements/5701368176601_.pdf

So it was a good time to enter for the chairmen. SHL a stock that is going to benefit most from the rate cut. In one hand it will reduce their interest burden, on the other hand it will boost the balance sheets of it's financial business as well as retail business driven by increased rate of hire purchases.

As a result of this rate cut, I'm bullish on SHL,LOLC,RICH - all have high debt and they survived well during tight economic period, in coming quarters their balance sheets might show some magic.

cseguide · 20 Re: SHL is it good time to enter? Sat May 11, 2013 7:53 am

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This will most probably pass 14.00 soon. today traded heavy quantity with increased price

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SHL is it good time to enter?

1 SHL is it good time to enter? Wed May 08, 2013 3:14 pm

trader911

2 Re: SHL is it good time to enter? Wed May 08, 2013 4:29 pm

salt

3 Re: SHL is it good time to enter? Wed May 08, 2013 4:44 pm

Bond

4 Re: SHL is it good time to enter? Wed May 08, 2013 4:50 pm

sandunj

5 Re: SHL is it good time to enter? Wed May 08, 2013 5:05 pm

salt

6 Re: SHL is it good time to enter? Wed May 08, 2013 5:45 pm

seek

7 Re: SHL is it good time to enter? Wed May 08, 2013 6:06 pm

Bond

8 Re: SHL is it good time to enter? Wed May 08, 2013 6:08 pm

Bond

9 Re: SHL is it good time to enter? Wed May 08, 2013 9:56 pm

salt

10 Re: SHL is it good time to enter? Thu May 09, 2013 5:16 am

Light of Hope

11 Re: SHL is it good time to enter? Thu May 09, 2013 7:46 am

K.Haputantri

12 Re: SHL is it good time to enter? Thu May 09, 2013 1:23 pm

Bond

13 Re: SHL is it good time to enter? Thu May 09, 2013 5:04 pm

trader911

14 Re: SHL is it good time to enter? Thu May 09, 2013 9:04 pm

sandunj

15 Re: SHL is it good time to enter? Thu May 09, 2013 9:42 pm

Light of Hope

16 Re: SHL is it good time to enter? Thu May 09, 2013 9:55 pm

K&M

17 Re: SHL is it good time to enter? Fri May 10, 2013 2:23 pm

trader911

18 Re: SHL is it good time to enter? Fri May 10, 2013 3:54 pm

trader911

19 Re: SHL is it good time to enter? Fri May 10, 2013 7:27 pm

WildBear

20 Re: SHL is it good time to enter? Sat May 11, 2013 7:53 am

cseguide

21 Re: SHL is it good time to enter?

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