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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ALUF Crap ?

ALUF Crap ?

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1ALUF Crap ? Empty ALUF Crap ? Mon Sep 16, 2013 1:22 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Hi ,

Is ALUFAB a crap share or has it gone in to restructuring and is on the road to recovery. ? please advice anyone who is familiar with topic .

Thank you.

2ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 2:04 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
The appeared to showing sign of recovery. But company not releasing the reports ( why? ) is keeping the share a mystery.

I bought this when it was higher think it was stable. A mistake. But if this runs at somepoint ... it can run very fast ;-)

There is a known person in the forum who should talk about this. He was very optimistic when this was trading around Rs 19-20. ( okay I will not try to blame him )

3ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 2:22 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Thanks slstock maybe they will release shortly I checked on line last results were in june last year I think. lets see.

4ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 2:25 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
You were right about it running fast. small quantity though.

5ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 3:06 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
There is a three letter answer to the question in topic. Mad 
10 Years ago this was trading at exactly the same price today.
A perfect example for how to destroy your wealth.
slstock, what were you smoking when you made that purchase decision affraid

6ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 3:26 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Dileepa, we don;t have to 100% fill our portfolio with share like CTC,NEST , LLUB.
We can also have a bit of room to play with some shares that are called speculatives. Else no fun.
Maybe 80 :20 ratio or 90:10 to fundamental/speculatives.

TWOD , CIFL , PCH were also speculatives but we knew they were clearly going down hill for past few years.

ALUF was different. With ALUF, you need to dig deeper into history , right issue, and last report, annual report to find the reason for my going with it. I also gave another reason in my previous post.

This is not total crap atleast by last report. But cannot confirm yet as no new reports are out. (This is not a buy recommendation)

There are more speculative reasons ;-) Okay i am going to keep silent for now let other dig deeper.


ps : I am expecting comments by 1 other person as I mentioned.


@Dileepa wrote:There is a three letter answer to the question in topic. Mad 
10 Years ago this was trading at exactly the same price today.
A perfect example for how to destroy your wealth.
slstock, what were you smoking when you made that purchase decision affraid

7ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 3:29 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:
ps :  I am expecting  comments by 1 other person as I mentioned.
May be he is making some bond with rain.

8ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 3:30 pm

aero


Manager - Equity Analytics
Manager - Equity Analytics
alien alien 

9ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 4:11 pm

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:Dileepa,  we don;t have to 100% fill our portfolio with share like CTC,NEST , LLUB.
We can also have a bit of room to  play with some  shares that are called speculatives.  Else no fun.
Maybe 80 :20 ratio  or 90:10 to fundamental/speculatives.
I do understand the play and no fun part.
Usually dividend investing(what I do) is boring.
It is true that my PF is very bias towards some counters Very Happy 
The thing is, I do not believe investing is a zero sum game.

For me to have a gain, company must make more than that.
I need at least 20% a year gain to beat inflation and justify the risk I'm taking at CSE.
Therefore any company with ROE less than 20% is out of my radar.
I'm not telling every body should be like that.
Investment appetite do change with age and financial stability of investors.
I'm hoping to have a early retirement Sleep  so above is my minimum.

10ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 4:57 pm

mark

mark
Expert
Expert
ya its crap, owners are doing shit, i dnt knw why vll bougt its rights

11ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:40 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
when was the last time you saw accounts .....

ALUF Crap ? 420486-theres-no-time-to-explain

12ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:48 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
if they release updated accounts I think some or most of our questions will be answered. I wanted to buy at 13.50 but no sooner I posted on this forum and checked it had gone to 14 ....crazy . for those who have this share only saving grace might be if accounts are relaesed and the account look positive or else new managment or ownership change. I will have a look tomorrow and might do some day trading depending on patern.

13ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:48 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
I think you are referring to the time ( in 2011) when this was running to Rs 150+ with - nav.
Then there was a right issue at Rs xx

Before someone speaks further , they need to look at the available reports.
Now the question is have they recovered or not?


ps : btw, if anyone bought this during 2011 they are just nuts. Even at Rs 30 . I just bought some very recently at a little higher than current price.




@mark wrote:ya its crap, owners are doing shit,  i dnt knw why vll bougt its rights

14ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:49 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
ALUF Crap ? 482623_568309769876643_810559881_n

15ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:56 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@slstock wrote:
There are more speculative reasons ;-)   Okay i am going to keep silent for now  let other dig deeper.

From the Alufab last statement
INTERIM FINANCIAL STATEMENTS FOR QUARTER ENDED 30 TH JUNE 2012

11) Post Balance Sheet Events

 The Company was awarded the contract for the Supply & Installation of Windows and Glass Panes for Guest Rooms and Cats Eye Ballroom at Ceylon Continental Hotel at No. 48, Janadhipathi Mawatha, Colombo 1, by Hotel Services (Ceylon) PLC for Rs. 62,415,000/= (post enhancement of about Rs.10 Million from the original quotation) to be completed during the year.

 A contract is made and entered into on June 2012 with Sunken Lanka (Pvt) Ltd at No: 295, Madampitiya Road, Colombo-14 in respect of Supply and Installation Glass Work & the Shower Cubical for the expansion and refurbishment works to Ceylon Intercontinental Hotel with a contract value of Rs. 29,683,000.00 to be completed during the year.

Who owns the Intercon (Ritzbury) ? does it have any other business interest in a aluminium fabrications company in that group ? who is the 2nd largest shareholder in Lanka Aluminium (LALU) ?

16ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:57 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Your too smart for this forum

It's DP who is eyeing this

17ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:58 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Rainmaker good one Smile

18ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 5:59 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Ahh.... there you are.

Only problem is you said the same at Rs 19-20.

Make sure you distinguish your focus group when you make a statement like such. As there are so many short term people here , they will be mad at you if they followed you at Rs 19 ;-)





@rainmaker wrote:ALUF Crap ? 482623_568309769876643_810559881_n

19ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 6:10 pm

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:There is a known person in the forum who should talk about this. He was very optimistic when this was trading around  Rs 19-20. ( okay I will not try to  blame him )
Must be digging some old graves in the rain. Razz 

20ALUF Crap ? Empty Re: ALUF Crap ? Mon Sep 16, 2013 6:16 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Alchemist and rainmaker it makes perfect sense if DP is eyeing this actually since he owns lalu as well . he is known to take over sick companies. also we are totally unaware of the share holding of the company during the past year or so. there was rumour sometime back as well that he might be eyeing this. but on the other hand i think his focus is elsewhere for now i.e Th Kingsbury and latest casino projects and how to stay compettive with crown etc. if he is looking at buying out aluf it will be interesting days/months ahead . valid point by alchemist about aluf been handed over contracts for projects at continental (now the kingsbury) something fishy ?

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