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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

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Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
last chance .30 buying..

thananjey


Senior Equity Analytic
Senior Equity Analytic
This share came dwn from 449/- to 0.3 cents??? 
Why is that???

Master D


Manager - Equity Analytics
Manager - Equity Analytics
@thananjey wrote:This share came dwn from 449/- to 0.3 cents??? 
Why is that???

rights issue.

hiransilva23


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Master D wrote:
@thananjey wrote:This share came dwn from 449/- to 0.3 cents??? 
Why is that???

rights issue.
Still confused🙄🙄449 to .30 means how many times depreciated 🙄🙄

Imti2020


Expert
Expert
There was a split in March 2020 for every share held they gave another 4500 shares free,

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Master D wrote:
@thananjey wrote:This share came dwn from 449/- to 0.3 cents??? 
Why is that???

rights issue.

ASPH announced share sub-division (1;4500) on 20th March 2020, the effect from 18th May. share subdivision is where the shares in an existing share class are each subdivided into two or more new shares. 
In this case- ASPH, if you got 1 share, after sub-division, you entitled to get 4500 no.of shares. At that time, share traded @ Rs.350-450 level (NAV Rs.825). after subdivision, investor ASPH Avg. cost is 0.07cents (NAV Rs.0.17cents). after a few days, they announced the right issue @ 0.20 cents.


ASPH share split really benefited person who got ASPH before the share split. within few people earned more than 100% returns. ASPH always thinking their stakeholder, and try to give maximum value them. ASPH  is a really wealth maximization share of investors. try to hold, again they will give more capital gains rather than a dividend.

Keshav and heroxhere like this post

Bakka1988


Manager - Equity Analytics
Manager - Equity Analytics
It will go to Rs 1 soon 😊😊👍👍

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Need to more times..  touch RS.1. If It touched Rs. 1 within a short period. have more chances comeback bottom level. it is not good for the stability of share. it will take time to stable @ 0.30CENTS. with market conditions, It will go to another step 0.40cents.

crs

crs
Senior Equity Analytic
Senior Equity Analytic
Last Thursday & Friday nearly 12.2% traded from totally issued quantity.

crs

crs
Senior Equity Analytic
Senior Equity Analytic
Last Friday nearly 8.4% traded from issue quantity.

cselearner


Stock Trader
Dear Experts, 
What you opinion  for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future. 
As per the Budget 2021, there will by strong demand for asphalt  for the Road development projects. 
Since ASPH produces   SEALKOTE®  (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Eranga87, invest thinker, C.THARANGA and Sachira90 like this post

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@cselearner wrote:Dear Experts, 
What you opinion  for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future. 
As per the Budget 2021, there will by strong demand for asphalt  for the Road development projects. 
Since ASPH produces   SEALKOTE®  (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.

geesura, cselearner and KingMaker2020 like this post

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics

@RJ1010,





can you explained how did you measure risk of ASPH. PLS. JUSTIFY with you own calculation. dont just comment without reasonable calculations. i haven't any ASPH. 


BUT i can agree with you  @cselearner. bcoze, you see the future. this guy talk with past facts. dont criticize or downgrade any  shares without reasonable measurement. it's not ethical. RJ, you have experience, pls justify with supporting evidence. GL.

Eranga87, cselearner, SL-INVESTOR, C.THARANGA and Sachira90 like this post

C.THARANGA


Manager - Equity Analytics
Manager - Equity Analytics
YES. @investor thinker. agreed with what you said. Anyway, recently i saw, Dr. Senthivel bought over 140 Mn no. shares @ 0.30 cents.




INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000) - Page 9 Ase10



Eranga87, cselearner, invest thinker, SL-INVESTOR, Sachira90 and CSEdeSILVA like this post

suku502


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@RJ1010 wrote:
@cselearner wrote:Dear Experts, 
What you opinion  for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future. 
As per the Budget 2021, there will by strong demand for asphalt  for the Road development projects. 
Since ASPH produces   SEALKOTE®  (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.
i too agree with u , this is a high risk share .
after split ASPH Avg. cost is 0.07cents. but in the mkt it should be trade .10 cents since there is no .07 or .08 . look at the share holding composition , it will give the answer . before the split , the price went without any concrete reason (to around 400 +). ??? is why CSE/ Sec not inquire the these type of splits , actually there is hidden game. there may be capital gain but new comers should learn with past experience . for me this share not worth .05 rs. be careful .

KingMaker2020 likes this post

KingMaker2020


Equity Analytic
Equity Analytic
@suku502 wrote:
@RJ1010 wrote:
@cselearner wrote:Dear Experts, 
What you opinion  for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future. 
As per the Budget 2021, there will by strong demand for asphalt  for the Road development projects. 
Since ASPH produces   SEALKOTE®  (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.
i too agree with u , this is a high risk share .
after split ASPH Avg. cost is 0.07cents. but in the mkt it should be trade .10 cents since there is no .07 or .08 . look at the share holding composition , it will give the answer . before the split , the price went without any concrete reason (to around 400 +). ??? is why CSE/ Sec not inquire the these type of splits , actually there is hidden game. there may be capital gain but new comers should learn with past experience . for me this share not worth .05 rs. be careful .

Very well said. This is such a mystery share.. 
We, as traders, analyse before making a decision, otherwise it is considered a gamble.

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics
suku502
@RJ1010 wrote:
@cselearner wrote:Dear Experts, 
What you opinion  for INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000), financial performance in future. 
As per the Budget 2021, there will by strong demand for asphalt  for the Road development projects. 
Since ASPH produces   SEALKOTE®  (BITUMEN EMULSIONS AND CUTBACKS) . May be this share will be benefit in coming budget and development project ??

Don’t even touch this garbage. There was a major share split and rights issue this year. Now it’s a very high risk share.
i too agree with u , this is a high risk share .
after split ASPH Avg. cost is 0.07cents. but in the mkt it should be trade .10 cents since there is no .07 or .08 . look at the share holding composition , it will give the answer . before the split , the price went without any concrete reason (to around 400 +). ??? is why CSE/ Sec not inquire the these type of splits , actually there is hidden game. there may be capital gain but new comers should learn with past experience . for me this share not worth .05 rs. be careful .




@suku502,


before , split or whatever, first must need to take approval CSE. after consider figures & facts, ULTIMATE regulatory authorizer CSE. not you. ASPH really think about their existing shareholders than others. That's thing, they always maximize shareholders wealth. ok, i ll come to topic.


how did you measure RISK in ASPH? we need to your calculation. before ASPH split NAV is Rs.1088. market traded @ RS. 450. AFTER split NAV 0.24cents and Now, NAV is RS.0.29Cents. ASPH trade in similar to NAV. when we compare with others, ASPH IS REALLY worth. BECAUSE other less than RS.1 share traded over NAV 2 more times. Anyway, this budget so benefited to ASPH too. ASPH holders really lucky. 


Compare with others less Rs.1 shares, can understand over/under or fairly value shares. 


share             NAV       Market price

ASPH              0.29          0.30
MULL              0.21          1.10
TESS              0.33          0.70
CSF                0.79          1.10
BERU              0.44          1.00
SEMB              0.57          0.60
BLUE               0.30          0.70


SOME people repeated about split of ASPH. after 5 years, this people talk about this split. they never think out of box. compare with less 1 rupees shares, ASPH, really WORTH @ Current level. They expand their non co-business activities with using half of right issue fund. Recently, Dr.Senthilverl bought over 142Mn shares @0.30 cents and increase no. of shares up to 368Mn shares. 
others haven't any reasonable proved evidence, every times, talks regarding ASPH share split not other thing. never see future benefits. GL.

Eranga87 and CSEdeSILVA like this post

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics
@Invest Thinker

What is happened to the CSE? Even after a positive budget also there is no motivation. Some twitters have said needful to propose reduction of Transactions fee from the government as well. What is your opinion

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@DamithAsian wrote:@Invest Thinker

What is happened to the CSE? Even after a positive budget also there is no motivation. Some twitters have said needful to propose reduction of Transactions fee from the government as well. What is your opinion
Out of topic son...

There’s a heated exchange on this ASPH thread 😄 this is wolf of Wall Street stuff
Opinions clearly are divided. There’s pros and cons mentioned in this entire thread. Let new investors read through and decide for themselves.

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@vikiperera wrote:
@ColomboCSE wrote:CASH FLOW බැලුවම මට නම් මට නම් හොදක් පෙන්නේ නැ...
ඔයා ඕක බල බල ඉන්න ලංකාව මාකට් එක උඩට යන්න පහලට යන්න ඕක බලපාන්නෙ නෑ.
on point

CSEdeSILVA


Equity Analytic
Equity Analytic
If someone wants more gain better this share. 25% profit guaranteed.
If buy @0.30cents  and more to 0.40 cents, 25% profit sure. it may move with in short time of period.
As per last financial report N.A.V - 0.29 cents. So it's no risk at all.

CSEBets


Stock Trader
This thread is quiet these days  jocolor

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
earlier i positive with past price level. now too much higher. be safe. i prevent such shares. see my comment 25 sep. 2020. any times, it will reverse. be careful.

RJ1010 and CSEdeSILVA like this post

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
Dr.Senthil Vel  may any time dump his stake .
His profit is  more than 100% now .
Same happen to PAP.
Be careful....

geesura and kottuwa like this post

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@sureshot wrote:Dr.Senthil Vel  may any time dump his stake .
His profit is  more than 100% now .
Same happen to PAP.
Be careful....

what happened to PAP? PAP sold to another party not dump in the market PAP will move with other power and energy,  POWER and ENERGY are SLEEPING GIANT

ASPH is listed under Materials ..like CIC, LALU , ALUM , TKYO , UCAR , GLAS..ETC

but I don't recommend ASPH in this price to buy but support to PAP.

kottuwa likes this post

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jana wrote:
@sureshot wrote:Dr.Senthil Vel  may any time dump his stake .
His profit is  more than 100% now .
Same happen to PAP.
Be careful....

what happened to PAP? PAP sold to another party not dump in the market PAP will move with other power and energy,  POWER and ENERGY are SLEEPING GIANT

ASPH is listed under Materials ..like CIC, LALU , ALUM , TKYO , UCAR , GLAS..ETC

but I don't recommend ASPH in this price to buy but support to PAP.

It went from 0.20 to 0.90 affraid

Any reason for that

Kanishka_2020


Manager - Equity Analytics
Manager - Equity Analytics
By looking at the volume it traded today I feel something is going on here.

634,934,371 traded today.

@1.20 level - 344,909,756 volume traded.

Do your own analysis for BSH.

ADVENTUS


Moderator
Moderator
@Kanishka_2020 wrote:By looking at the volume it traded today I feel something is going on here.

634,934,371 traded today.

@1.20 level - 344,909,756 volume traded.

Do your own analysis for BSH.
What does it mean?

pra4u

pra4u
Manager - Equity Analytics
Manager - Equity Analytics
@subash81 wrote:
@Jana wrote:
@sureshot wrote:Dr.Senthil Vel  may any time dump his stake .
His profit is  more than 100% now .
Same happen to PAP.
Be careful....

what happened to PAP? PAP sold to another party not dump in the market PAP will move with other power and energy,  POWER and ENERGY are SLEEPING GIANT

ASPH is listed under Materials ..like CIC, LALU , ALUM , TKYO , UCAR , GLAS..ETC

but I don't recommend ASPH in this price to buy but support to PAP.

It went from 0.20 to 0.90 affraid

Any reason for that

i heard ASPH is the 17 th largest shareholder of EXPO

but this should a bubble and now over not sure

ASPH Valuations

Mkt price Rs 1.20
NAV (Rs.) 0.24
PBV (x) 5.10
PE TTM (x) 24.75

Rational Investor

Rational Investor
Manager - Equity Analytics
Manager - Equity Analytics
A falling knife.

lakmal likes this post

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