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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » KDL slowly creeping up

KDL slowly creeping up

Go down  Message [Page 1 of 1]

1KDL  slowly creeping up Empty KDL slowly creeping up Wed Jun 05, 2013 6:23 am

sikka89


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Any idea?Yesterday heavy buying.

2KDL  slowly creeping up Empty Re: KDL slowly creeping up Wed Jun 05, 2013 9:10 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thallu thamai adath yai. One of our forum member asked about this last week hope he will enjoy the run.

3KDL  slowly creeping up Empty Re: KDL slowly creeping up Fri Jun 07, 2013 7:27 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
noted heavy buying today also. Is anyone can tell something abt KDL? No previous experience with me... Thanks.

4KDL  slowly creeping up Empty Re: KDL slowly creeping up Sat Jun 08, 2013 10:21 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Dan uda gihin iwarai....
dan thiyenne balan inna.... ehema wage neda?

5KDL  slowly creeping up Empty Re: KDL slowly creeping up Sat Jun 08, 2013 10:37 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yes better to stay away. I noted some buying direct from the seller. I meant big volumes. May be broker firm was collecting...

6KDL  slowly creeping up Empty Re: KDL slowly creeping up Sat Jun 08, 2013 10:57 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
hmm.... seems some knows the story for this then...

7KDL  slowly creeping up Empty Re: KDL slowly creeping up Mon Jun 10, 2013 8:48 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
KDDND did you noticed it today? I had a look today also. Early morninig panic salling dropped it to 18.50. But late hours it touched 20 with some buying pessure. Still cant understand what happening...

8KDL  slowly creeping up Empty Re: KDL slowly creeping up Mon Jun 10, 2013 9:30 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@sandunj wrote:KDDND did you noticed it today? I had a look today also. Early morninig panic salling dropped it to 18.50. But late hours it touched 20 with some buying pessure. Still cant understand what happening...

@sandunj

There was some buying by lots by lots @20/-.....

There is a news that KDL has sold a KDL property developers (private) - 12,120,286 shares to Dunamis Capital PLC for Rs. 440millions...

That mean 36/- per shares of KDL if I am right?????

http://www.cse.lk/cmt/uploadAnnounceFiles/7891370230222_.pdf
this could be the only reasons... for KDL to fly.....
but when will it settle....??????
GL!

9KDL  slowly creeping up Empty Re: KDL slowly creeping up Mon Jun 10, 2013 9:39 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@KDDND wrote:
@sandunj wrote:KDDND did you noticed it today? I had a look today also. Early morninig panic salling dropped it to 18.50. But late hours it touched 20 with some buying pessure. Still cant understand what happening...

@sandunj

There was some buying by lots by lots @20/-.....

There is a news that KDL has sold a KDL property developers (private) - 12,120,286 shares to Dunamis Capital PLC for Rs. 440millions...

That mean 36/- per shares of KDL if I am right?????

http://www.cse.lk/cmt/uploadAnnounceFiles/7891370230222_.pdf
this could be the only reasons... for KDL to fly.....
but when will it settle....??????
GL!

@Sandunj
In May 2013, Kelsey Property Developers (Private) Limited, a subsidiary of the Company, entered into an agreement with Dunamis Capital PLC it’s ultimate parent to dispose of a property for Rs.440m realising a profit of approximately Rs.180m




Last edited by KDDND on Mon Jun 10, 2013 9:42 pm; edited 1 time in total (Reason for editing : change font color)

10KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 12:34 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@KDDND wrote:
@KDDND wrote:
@sandunj wrote:KDDND did you noticed it today? I had a look today also. Early morninig panic salling dropped it to 18.50. But late hours it touched 20 with some buying pessure. Still cant understand what happening...

@sandunj

There was some buying by lots by lots @20/-.....

There is a news that KDL has sold a KDL property developers (private) - 12,120,286 shares to Dunamis Capital PLC for Rs. 440millions...

That mean 36/- per shares of KDL if I am right?????

http://www.cse.lk/cmt/uploadAnnounceFiles/7891370230222_.pdf
this could be the only reasons... for KDL to fly.....
but when will it settle....??????
GL!

@Sandunj
In May 2013, Kelsey Property Developers (Private) Limited, a subsidiary of the Company, entered into an agreement with Dunamis Capital PLC it’s ultimate parent to dispose of a property for Rs.440m realising a profit of approximately Rs.180m



Thanx KD.

11KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 10:43 am

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Oh no KDL..., KDDND where are you buddy? We had some talk about this ne???

12KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 12:28 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Seems still colecting @ 22 . Feel missed the bus...

13KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 2:27 pm

sandunj


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
It has rocked today...

14KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 4:13 pm

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
@KDDND wrote:
@sandunj wrote:KDDND did you noticed it today? I had a look today also. Early morninig panic salling dropped it to 18.50. But late hours it touched 20 with some buying pessure. Still cant understand what happening...

@sandunj

There was some buying by lots by lots @20/-.....

There is a news that KDL has sold a KDL property developers (private) - 12,120,286 shares to Dunamis Capital PLC for Rs. 440millions...

That mean 36/- per shares of KDL if I am right?????

http://www.cse.lk/cmt/uploadAnnounceFiles/7891370230222_.pdf
this could be the only reasons... for KDL to fly.....
but when will it settle....??????
GL!

Does this mean it will fly up to rs.36 ? is it worth buying at rs.25 now ?

15KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 4:43 pm

balapas


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Takecharge wrote:
@KDDND wrote:
@sandunj wrote:KDDND did you noticed it today? I had a look today also. Early morninig panic salling dropped it to 18.50. But late hours it touched 20 with some buying pessure. Still cant understand what happening...

@sandunj

There was some buying by lots by lots @20/-.....

There is a news that KDL has sold a KDL property developers (private) - 12,120,286 shares to Dunamis Capital PLC for Rs. 440millions...

That mean 36/- per shares of KDL if I am right?????

http://www.cse.lk/cmt/uploadAnnounceFiles/7891370230222_.pdf
this could be the only reasons... for KDL to fly.....
but when will it settle....??????
GL!

Does this mean it will fly up to rs.36 ? is it worth buying at rs.25 now ?

No. Shares outstanding of KDL 17,429,274 so sale of property at Rs440mn will be Rs25 per share. Profit of Rs180mn from sale is Rs 10.3 per share. They are making losses which you can see from the quarterly report. The accumulated losses has reduced equity to Rs56mn. So they may have been desperate to sell something to improve the bottom line. So you have to see what kind of benefit you get by purchasing this share. Its difficult to imagine they will pay a special dividend with this while making losses.

16KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 5:06 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Be careful.
Read what Balapas has said again.


After all 83 % of any profit "shown" is "coming back" to the parent.

Approx 150 million out of 180 is just "Thaththala gema salli". ( 83 % of KDL is held by CSEC + Schaffters)

NAVPS of KDL PLC was 3.26. Now with this sale it has gone up by 10 rupees.

Actually they need cash infusion to go ahead with new projects which they say would turnaround the company.

This internal sale was the easiest way to do it.
Hence I do not think they did this to make any bull action in the market. Defa No dividends .

Our people got exited.



Last edited by Chinwi on Tue Jun 11, 2013 5:16 pm; edited 1 time in total

17KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 5:15 pm

suja


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Welldone Belpas and Chinwi. Your comments are good for the new guys in the forum. I analysedthis and wanted to comment but did not do so as I thought it might be non-productive as the comments that I got from the Horana analysis.

One comment though read CSEC managing directors comments in the last annual report if any one is interested.

18KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 5:21 pm

econ

econ
Global Moderator
Shafters did this kind of tricky business in the past too. It is better not to over excited for things done by shafters.



Last edited by econ on Tue Jun 11, 2013 9:04 pm; edited 1 time in total

19KDL  slowly creeping up Empty Re: KDL slowly creeping up Tue Jun 11, 2013 6:10 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
See today it flied 19.90-25.80... what a gain...
total of 0.75million shares were traded...
No idea where it may go & stay.....
But lets b careful as this is not a regular behavior.. or
a performances of its main operations...
Coming from 14 range to 25 range is a BIGGY

I have no idea or hopes to catch this...
Take care!

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