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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ABAN, seems to be good

ABAN, seems to be good

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1ABAN, seems to be good Empty ABAN, seems to be good Mon Nov 18, 2013 10:06 pm

cse.newbie


Senior Equity Analytic
Senior Equity Analytic
What do you guys think about ABAN? Profits down QoQ but compared to last year Earnings for 9months have been reduced slightly.

ABAN is trading at a PER around 5. There were some renowned interest after a few weeks. Could be something worth to keep an eye on! cheers 

2ABAN, seems to be good Empty Re: ABAN, seems to be good Mon Nov 18, 2013 10:10 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@cse.newbie wrote:What do you guys think about ABAN? Profits down QoQ but compared to last year Earnings for 9months have been reduced slightly.  

ABAN is trading at a PER around 5. There were some renowned interest after a few weeks. Could be something worth to keep an eye on! cheers 
One thing for sure they are in a very very competitive sector..

3ABAN, seems to be good Empty Re: ABAN, seems to be good Tue Nov 19, 2013 12:12 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
The eps got hit a bit this quarter mainly due to finance charges. They have paid Rs 400 mil of their loan by Sept.  They are into manufacturing items and providing services locally for ABANs.  So next quarter  hopefully they should do better.

This is one of those shares which is below NAV and trading at PE of about 5 ( it can be lower if they report better quarter in DEc/march)

4ABAN, seems to be good Empty Re: ABAN, seems to be good Tue Nov 19, 2013 7:28 am

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Any very low liquidity which can push price up fast in green times...

5ABAN, seems to be good Empty Re: ABAN, seems to be good Tue Nov 19, 2013 5:14 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:The eps got hit a bit this quarter mainly due to finance charges. They have paid Rs 400 mil of their loan by Sept.  They are into manufacturing items and providing services locally for ABANs.  So next quarter  hopefully they should do better.

This is one of those shares which is below NAV and trading at PE of about 5 ( it can be lower if they report better quarter in DEc/march)
thanks, for the information of all could you elaborate how you could get these information by going through the quarterly report or you get those from elsewhere

6ABAN, seems to be good Empty Re: ABAN, seems to be good Tue Nov 19, 2013 8:30 pm

viper123

viper123
Manager - Equity Analytics
Manager - Equity Analytics
I am a good fan of ABAN. I have been with it for many years.
Even recently did some swing tradings ( 98 - 103 ). I am not very good at fundamental but for trading this one is a gem. As I remember once it was jump from 85 to 170. But there is a risk too I think there was capitalization reserve. But that is over now. Remember once I bought this share at 192 and sold 120 with huge lost. Hikz. But still I am with it.  Very Happy Very Happy Very Happy

7ABAN, seems to be good Empty Re: ABAN, seems to be good Wed Nov 20, 2013 11:37 am

viper123

viper123
Manager - Equity Analytics
Manager - Equity Analytics
I am not wrong. See the trading in the morning.

8ABAN, seems to be good Empty Re: ABAN, seems to be good Wed Nov 20, 2013 11:41 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
You did better than  buying it Rs 350-370 :-)


Btw, there were about 850000 share released at the Bonus issue. Out of the 30% public holding say 50% like to sell their bonus shares cheap.
That leaves about 120000 shares that maybe sold cheap. Withing the last 3 days itself about 50000 share traded. After bonus shares came to market It appear rought about 80000-90000 shares were sold.

So few more days of selling and a better Dec quarter( hopefully) can make this share jump price big time. ( not a buy recommendation but an observation based on analysis) .





@viper123 wrote:I am a good fan of ABAN. I have been with it for many years.
Even recently did some swing tradings ( 98 - 103 ). I am not very good at fundamental but for trading this one is a gem. As I remember once it was jump from 85 to 170. But there is a risk too I think there was capitalization reserve. But that is over now. Remember once I bought this share at 192 and sold 120 with huge lost. Hikz. But still I am with it.  Very Happy Very Happy Very Happy

9ABAN, seems to be good Empty Re: ABAN, seems to be good Wed Nov 20, 2013 12:46 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Combination of quarterly reports, annual reports and reading news.




@cseguide wrote:
@slstock wrote:The eps got hit a bit this quarter mainly due to finance charges. They have paid Rs 400 mil of their loan by Sept.  They are into manufacturing items and providing services locally for ABANs.  So next quarter  hopefully they should do better.

This is one of those shares which is below NAV and trading at PE of about 5 ( it can be lower if they report better quarter in DEc/march)
thanks, for the information of all could you elaborate how you could get these information by going through the quarterly report or you get those from elsewhere

10ABAN, seems to be good Empty Re: ABAN, seems to be good Wed Nov 20, 2013 8:40 pm

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics

@slstock wrote:Combination of quarterly reports, annual reports and reading news.




@cseguide wrote:
@slstock wrote:The eps got hit a bit this quarter mainly due to finance charges. They have paid Rs 400 mil of their loan by Sept.  They are into manufacturing items and providing services locally for ABANs.  So next quarter  hopefully they should do better.

This is one of those shares which is below NAV and trading at PE of about 5 ( it can be lower if they report better quarter in DEc/march)
thanks, for the information of all could you elaborate how you could get these information by going through the quarterly report or you get those from elsewhere
thanks slstock, good study keep it up

11ABAN, seems to be good Empty Re: ABAN, seems to be good Wed Nov 20, 2013 9:49 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is only 4.25m shares.Out of that 3.35m shares with top 20 share holders. So very very illiquid. Today also with 18K shares traded price went up by 8.00. Better keep an eye on this...

12ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 1:25 am

UKboy

UKboy
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Good counter. If not Behman P's early sellings, this would have been much higher...
Many genuine investors lost confidence in this company due to that.

13ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 5:53 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Again same sharks have started their drama. But this time its pattern of price push upward would be different from before...I guess the long bus get refuelling... I couldn't find any reason y these guys push this1 at this mkt condition...

14ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 9:10 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Nothing much happened yet I guess. Its only a 10% hike from Rs 96- 105 for collection of over 50000 shares in 3 days for a illiquid counter. We see sometimes 20-30% pushes in a day over other counters. So 10% is not massive due to liquidity issues. We don;t know whether there will be an immediate push further. Still RSI is in the neutral range. But even if there is this counter has fundamentals to support it doesn't it?



Also mentioned the below factors

"Btw, there were about 850000 share released at the Bonus issue. Out of the 30% public holding say 50% like to sell their bonus shares cheap.
That leaves about 120000 shares that maybe sold cheap. Withing the last 3 days itself about 50000 share traded. After bonus shares came to market It appear rought about 80000-90000 shares were sold.

So few more days of selling and a better Dec quarter( hopefully) can make this share jump price big time. ( not a buy recommendation but an observation based on analysis) ."



@Jana1 wrote:Again same sharks have started their drama. But this time its pattern of price push upward would be different from before...I guess the long bus get refuelling... I couldn't find any reason y these guys push this1 at this mkt condition...

15ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 10:45 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:Nothing much happened yet I guess.   Its only a 10% hike from Rs 96- 105  for collection of over 50000 shares in 3 days  for a  illiquid counter.   We see sometimes 20-30% pushes in a day over other counters. So 10% is not massive due to liquidity issues.     We don;t know whether there will be an immediate push further.  Still RSI  is in the neutral range. But even if there is this counter has fundamentals to support it doesn't  it?



Also mentioned the below factors

"Btw, there were about 850000 share released at the Bonus issue. Out of the 30% public holding say 50% like to sell their bonus shares cheap.
That leaves about 120000 shares that maybe sold cheap. Withing the last 3 days itself about 50000 share traded. After bonus shares came to market It appear rought about 80000-90000 shares were sold.

So few more days of selling and a better Dec quarter( hopefully) can make this share jump price big time. ( not a buy recommendation but an observation based on analysis) ."



@Jana1 wrote:Again same sharks have started their drama. But this time its pattern of price push upward would be different from before...I guess the long bus get refueling... I couldn't find any reason y these guys push this1 at this mkt condition...
Of course not immediate push...I guess they r predicting uptrend during December or January...But buying at cheap is good...

If they collect 300k below 130,they can push to over 180-220 lvl with another 150-200k qtyy...

If they push or not, who cares since it is fundamentally sound stock selling at cheap...Smile, Isn't it??
I love to buy even at 130 lvl, if i left with money...

16ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 2:55 pm

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I am in at 107-108 study 

17ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 9:10 pm

nalaka_sg


Manager - Equity Analytics
Manager - Equity Analytics
when market start to run...it will be too late to catch this bus..study

18ABAN, seems to be good Empty Re: ABAN, seems to be good Thu Nov 21, 2013 11:10 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@nalaka_sg wrote:when market start to run...it will be too late to catch this bus..study
no Nalaka it definitely will give another chance around 100.00

19ABAN, seems to be good Empty Re: ABAN, seems to be good Fri Nov 22, 2013 12:10 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@UAEBOY wrote:I am in at 107-108 study 
Were u da one who bought by 20 and 50 qtyss????...Smile

20ABAN, seems to be good Empty Re: ABAN, seems to be good Fri Nov 22, 2013 1:13 am

UAEBOY

UAEBOY
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Jana1 wrote:
@UAEBOY wrote:I am in at 107-108 study 
Were u da one who bought by 20 and 50 qtyss????...Smile
No ....Surprised 

I think those are collectors..
They are executing nice strategy to collect....(20 -50 qts)Wink 

@ Jana1

I think they will collect at least up to 120lkr during first phase..Very Happy 
What u say...
Also ,
Did u sell your whole lot which you bought below 95 during last bull run....?

Below is couple of discussions about ABAN.
http://forum.srilankaequity.com/t28823-interim-financial-statements-31-03-2013-aban?highlight=aban
http://forum.srilankaequity.com/t29025-final-chance-to-buy-aban?highlight=aban

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