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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » GLAS.N >> early entry ??

GLAS.N >> early entry ??

Go down  Message [Page 1 of 1]

1GLAS.N >> early entry ?? Empty GLAS.N >> early entry ?? Fri Jul 11, 2014 12:53 pm

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
What about GLAS.N ? I think its good early entry @3.6 - 3.7, stop loss @ 3.4.
Any comments.... bounce bounce

2GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 3:54 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
This is a stock that went against the market trend. When market goes up GLAS went down. My feeling is GLAS will also have it's own play in future. It was comfortably traded above 6.0 and during the bull market surged over 9.0. It's gearing is reducing very rapidly and will be debt free in near future further strengthening the balance sheet. Demand for their products will also pick up with increasing consumption over the favorable time ahead.

Rising cost is their main concern, especially the energy cost.

3GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 4:33 pm

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yeah..its true, GLAS 're fundamentally strong. (P/E 4.09 @ annual report). My personal opinion is now its doing an accumulation phase..

4GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 6:37 pm

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
all these drunkards now go for aluminium canned beer. They do not know the real good kick and passion of a chilled beer in chilled glass bottle. this hit the glas profits. heh ...

5GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 7:30 pm

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
GLAS.N >> early entry ?? Images?q=tbn:ANd9GcSTzgaz3lr0gV2WMHXAvSgpHHnVao6V_rekYO66NEoKTi0tpxGS

6GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 7:47 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Ya, Glass is the best container material that retains the original quality of the content. Beer, Hard liquer,Soft drink, milk or perfume. That's a well known fact.

7GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 8:05 pm

schemer


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
not only taste.
aluminium can is a menace to the environment. you can see empty cans everywhere. people should be encourage to use reusable bottles for soft drinks ,beer, milk etc .

8GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 9:53 pm

kkronline


Equity Analytic
Equity Analytic
Wait for two more quarter results for better clarity bcos their tax holiday is going to end. Also energy cost is rising. Margin depends on export

9GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 11:23 pm

PROPRITER

PROPRITER
Equity Analytic
Equity Analytic
@WildBear wrote:This is a stock that went against the market trend. When market goes up GLAS went down. My feeling is GLAS will also have it's own play in future. It was comfortably traded above 6.0 and during the bull market surged over 9.0. It's gearing is reducing very rapidly and will be debt free in near future further strengthening the balance sheet. Demand for their products will also pick up with increasing consumption over the favorable time ahead.

Rising cost is their main concern, especially the energy cost.

Do agree with you.
With their dividend policy there cant be a loss for the investors.
Furthermore their BVPS is at around Rs.3.60

10GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 11:30 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert
I have 2 concerns - They Need a Booming GLASS Market , They Need Money or Find Lowest Borrowing - Power & Energy Cost are the biggest worrying factor. If they can sort out this.
I think They can do it

 cheers 

11GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 11:34 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Our GDP growth does not reflect on disposable consumer spending.It has been bare minimum (less than half of GDP)and not at satisfactory level.
If this gets adjusted for better then more money for spending, this will be good for the market and companies alike.

12GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Fri Jul 11, 2014 11:37 pm

kkronline


Equity Analytic
Equity Analytic
But Sri lanka's savings rate is mere 20% whereas india saves around 36%. So spending in SL is far better than india

13GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 12:06 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert
But we are worried about money left after spending on essentials we are living in a country where some mothers feed kekiri or karawila for their children because of being very poor and can not find their ends meet. (Disposable Income) These could be isolated incidents but why we have cases like this reported in media.also we have people (fathers) who climb on trees in protest if their children are not admitted to school, some say media jilmart or circus for publicity by their fathers.we have reported cases of relations to the deceased laying mini petti in the middle of road to demand justice ... all circus available only in srilanka.

14GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 6:55 am

PROPRITER

PROPRITER
Equity Analytic
Equity Analytic
SHARK wrote:But we are worried about money left after spending on essentials we are living in a country where some mothers feed kekiri or karawila for their children because of being very poor and can not find their ends meet. (Disposable Income) These could be isolated incidents but why we have cases like this reported in media.also we have people (fathers) who climb on trees in protest if their children are not admitted to school, some say media jilmart or circus for publicity by their fathers.we have reported cases of relations to the deceased laying mini petti in the middle of road to demand justice ... all circus available only in srilanka.

Dont hate the players, hate the game!

15GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 8:50 am

kkronline


Equity Analytic
Equity Analytic
Shark
Always there is exception in all the places. SL Has potential to grow because of abundance of natural resources and tourism. Good leader can make this country a great one.

16GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 11:47 am

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@kkronline wrote:Shark
Always there is exception in all the places.  SL Has potential to grow because of abundance of natural resources and tourism. Good leader can make this country a great one.

True.But we must appoint a good leader. First we have to change our perceptions. But it seems to be happening but in very low rate.

17GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 12:27 pm

PROPRITER

PROPRITER
Equity Analytic
Equity Analytic
Better to stick to our topic GLAS. There is not much point in talking about politics, policy makers..etc.
But Capital Markets and Politics have unique similarities,
1. Both flourish in a capitalist system.
2. Both depend on supply and demand.
3. It is all about money.

18GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 12:39 pm

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@PROPRITER wrote:Better to stick to our topic GLAS. There is not much point in talking about politics, policy makers..etc.
But Capital Markets and Politics have unique similarities,
1. Both flourish in a capitalist system.
2. Both depend on supply and demand.
3. It is all about money.

Agrred. Never ending topic.
GLASS: Hold few thosands. Average 3.50 but with the Dinidend i'm with profit. Smile 

19GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 1:36 pm

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Yeah, GLAS is a well established company, their revenue's very steady, but rising energy price raise their cost of sales. On the other hand, energy affects on every industry and directly influence the inflation. However, world energy market (crude,gas) infront of a big bullish breakout after 2008. And if it break, Forex risk especially USD may raise, which not healthy for many companies except export industry ( but cost of production ?? ) Anyway, Govt. fights with the inflation to keep it low and steady. But I dont know how they face it..hehe Laughing So, lets keep it for future blah blah>>>>

And concerning SL spending, I agree with "Shark". There's a huge issue about income distribution in country. I have seen somewhere, around 40% of population earn less than 2USD per day;around Rs. 8000/= per month.(2*365= $730 per annum. But I couldnt find the resource, confused  Sry)
 Smile  Smile

20GLAS.N >> early entry ?? Empty Re: GLAS.N >> early entry ?? Sat Jul 12, 2014 1:38 pm

NC

NC
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@stevenapple wrote:
@PROPRITER wrote:Better to stick to our topic GLAS. There is not much point in talking about politics, policy makers..etc.
But Capital Markets and Politics have unique similarities,
1. Both flourish in a capitalist system.
2. Both depend on supply and demand.
3. It is all about money.

Agrred. Never ending topic.
GLASS: Hold few thosands. Average 3.50 but with the Dinidend i'm with profit. Smile 

Hehe... true never ending topic. Very Happy Very Happy

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