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

INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)

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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


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


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

lakmal likes this post

pra4u

pra4u
Manager - Equity Analytics
Manager - Equity Analytics
@Rational Investor wrote:A falling knife.

Bubble is over those who bought at 

.50 cents to 1.50 range are going to get loss

ADVENTUS


Moderator
Moderator
@pra4u wrote:
@Rational Investor wrote:A falling knife.

Bubble is over those who bought at 

.50 cents to 1.50 range are going to get loss
People are still collecting?

pra4u

pra4u
Manager - Equity Analytics
Manager - Equity Analytics
@ADVENTUS wrote:
@pra4u wrote:
@Rational Investor wrote:A falling knife.

Bubble is over those who bought at 

.50 cents to 1.50 range are going to get loss
People are still collecting?

then there may be something
but high Risk
High Return

ADVENTUS likes this post

suku502


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@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 .
 this should be responsible of SEC, they should have monitored, but they didn't . plz see above calculation. initially after the split it should be 0.07 cents per share but trading begin in CSE 0.10 cents. it should have Questioned by SEC and WHY ?

ADVENTUS


Moderator
Moderator
@pra4u wrote:
@ADVENTUS wrote:
@pra4u wrote:
@Rational Investor wrote:A falling knife.

Bubble is over those who bought at 

.50 cents to 1.50 range are going to get loss
People are still collecting?

then there may be something
but high Risk
High Return
Yeah, everyone maybe trying to make a buck I guess. Let's see. Was tempted to try/

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Major swings on this share... buyers disappearing and wholesale selling... quick exit advisable

Love Boy likes this post

Love Boy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@RJ1010 wrote:Major swings on this share... buyers disappearing  and wholesale selling... quick exit advisable
Yes. I also recommended to sell the share. Major share holders are playing with new traders. Already, they got 1800% profit from this method.

RJ1010 likes this post

lakmal dislikes this post

MarketGema


Stock Analytic
Stock Analytic
According to the FT Report


Year on year Industrial Asphalts (Ceylon) PLC grew revenues 166.06% from 151.25m to 402.43m while net income improved 1,025.06% from 15.78m to 177.52m.

Riz123 and Kanishka_2020 like this post

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@MarketGema wrote:According to the FT Report


Year on year Industrial Asphalts (Ceylon) PLC grew revenues 166.06% from 151.25m to 402.43m while net income improved 1,025.06% from 15.78m to 177.52m.

The problem is not that it makes revenue. The problem is this company is massively overvalued.

Jana

Jana
Senior Vice President - Equity Analytics
Senior 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.

I mentioned like

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

this is not good to buy even @0.80cts when I post this

possibly Pump and dump finish

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If anyone interested read SLstocks post on his fb page
People don’t like to admit pump and dump when they have put money on this gambling stock and are on the losing side. But sad reality is that a lot of small investors will get caught at the top. No one will be there to save them from losses. Looking at the order book today it’s difficult to see this going back up again any time soon. I’m sure few people might dislike this post coz everyone wants to see this bull run continue. Stranger things happen at CSE so who knows what will happen. Know what you are doing if anyone enters this high risk stocks.

https://www.facebook.com/1474668656168990/posts/2512207645748414/?d=n

Kanishka_2020 likes this post

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@MarketGema wrote:According to the FT Report


Year on year Industrial Asphalts (Ceylon) PLC grew revenues 166.06% from 151.25m to 402.43m while net income improved 1,025.06% from 15.78m to 177.52m.


I agree with Revenue income increased 166.06%.
I would like to highlight reasons for net profit significantly increases. 197Mn gain from the revaluation of investment property. net profit 181Mn and excluding revelation gain, the net loss is (16Mn). ASPH profit shows via revaluation. don't expect each year revaluation gain. 

ASPH'S 6 months EPS 0.002cents and NAV 0.29Cents. net profit is 6.6Mn. they are suffering from financial problems. see cash flows and they paid half of the profits as interest exp. they never earn more than 20Mn profit per year excluding revolution gain. how can expect more? 

ASPH no of shares over 3.7Billion. if ASPH earns eps 0.10, they must profit more than 370Mn of profits per year. they cant earn at least 20Mn profits. the current level, so dangerous,.. be careful newcomers. better to avoid this kind of shares with CMP. it better takes 0.20 cents -0.30 cents level.



above you mentioned revenue increased 166% YOY. you really miss cost of sales ?? cost of sales increased by 224%,here no cost-effectiveness.

nigma, RJ1010 and Sachira90 like this post

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
People who buy this share, deserve to get burned their fingers. Even with slightest financial literacy, they should able to understand what kind of company this is. 

Gambling has two out come. 

One winner, lot of losers.

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.

2 days, I told people, very soon it will reverse. today, it's true. I saw so many funny TPs for ASPH in FB pages and YOUTUBE channel. Next times, I will copy it. actually the truth, few f them play the game. now, you have a few times to exit. otherwise, you will lose entire. have lots of potential value generate stock in CSE. why people like to lose at one shot. we cant explain this like a risk. this a trap Crying or Very sad.

C.THARANGA and Sachira90 like this post

Venu123


Equity Analytic
Equity Analytic
I entered at 0.70 and exit at 1.00 get a reasonable gain and used them to buy lfin and glass, shares with great potential ahead .Dont try to hang around too much in these junk shares.you should understand the opportunity and use it and then exit.

Eranga87, ADVENTUS and RJ1010 like this post

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
around 205Mn ASPH shares dump into the market at an average price of 1.30

What a Shame

how they are doing a dirty play.

Even ASPH not worth it 10Cts but they make 1300% profit from 10Cts stock

End of the day CSE control the small investors in so many ways




https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2002.02.2021%20-%2002_9502165041359926.pdf

https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2002.02.2021%20-%2001_9499884012065394.pdf

lbnnirmal, nigma, RJ1010 and geesura like this post

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Jana wrote:around 205Mn ASPH shares dump into the market at an average price of 1.30

What a Shame

how they are doing a dirty play.

Even ASPH not worth it 10Cts but they make 1300% profit from 10Cts stock

End of the day CSE control the small investors in so many ways




https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2002.02.2021%20-%2002_9502165041359926.pdf

https://cdn.cse.lk/cmt/announcement_portal_prod/ASPH%20Announcement%20-%2002.02.2021%20-%2001_9499884012065394.pdf

Ramanan director into action.... pathetic how they dump it on small investors. Assuming the director bought his stock at the right issue price of 0.2 and now sold at 1.20..... for 200million shares! Massive profit
We warned our folks here about this unrealistic pump

geesura likes this post

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
G.Ramanan had got majority of this shares in 2014 at rs201. Didn’t see him making purchases post the 1:4500 share split. With the split his cost per share was 0.04 cents. Now selling at average 1.20 he has made a cool profit of 235million this week.

I can imagine him waving at his shareholders and saying thank you come again!

Eranga87 and invest thinker like this post

Eranga87


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
directors sold lot of ASPH 205Mn shares above Rs.1.10 level. well, plan game. that is a thing, we told earlier, avoiding rally share. don't trust hereafter this cheap clas game.

invest thinker likes this post

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics
@High-flyer wrote:People who buy this share, deserve to get burned their fingers. Even with slightest financial literacy, they should able to understand what kind of company this is. 

Gambling has two out come. 

One winner, lot of losers.

Do not like to say this, but 

"Told You So" for whoever got ripped off. Sympathy.

RJ1010 likes this post

stockchaser


Manager - Equity Analytics
Manager - Equity Analytics
High-flyer please advise is this good for .40 cents or it doesn't worth .20 even

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Some members of this forum warned about this share when they split it. I THINK WE NEED TO BE VERY CAREFUL with shares going for split without real reason. This is a early warning for retailers before market get flood with splits

Dilip


Senior Equity Analytic
Senior Equity Analytic
@celtic tiger wrote:Some members of this forum warned about this share when they split it. I THINK WE NEED TO BE VERY CAREFUL with shares going for split without real reason. This is a early warning for retailers before market get flood with splits
[th]RANSACTION TYPE[/th][th]TRANSACTION DATE (DD/MM/YYYY)[/th][th]QUANTITY[/th][th]PRICE (LKR)[/th]
Sale26 Jan 202125,000,0001.40
Sale26 Jan 202119,914,7801.20
Sale26 Jan 202130,658,7101.00

Mr. X

Mr. X
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Seems like another run coming... who hold this share at higher price ??

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