will ALLI make another Run?

Alli come down after one day run. Its went up to 1600/= today but more selling pressure. less intrest to buy. but only less than 10000 shares to sell in the market eventhough its not possitive? anyone thing about ALLI make another run very soon or not??

Hi Rajitha Did you sell yours / what is your valuable idea about it ? and anyone can say about this..

bad day today .. I sold my WAPO @ 220 level last two days before and bought ALLI @ 883/= and 1300/= but I missed to sell ALLI today and last day as well. now in red again.

Jana wrote:Alli come down after one day run. Its went up to 1600/= today but more selling pressure. less intrest to buy.

but only less than 10000 shares to sell in the market eventhough its not possitive?

anyone thing about ALLI make another run very soon or not??

Hi Rajitha Did you sell yours / what is your valuable idea about it ? and anyone can say about this..

bad day today .. I sold my WAPO @ 220 level last two days before and bought ALLI @ 883/= and 1300/= but I missed to sell ALLI today and last day as well. now in red again.

Jana,

I am not sure on this, but ALLI went up too fast to 1500+ in day. Now the people who wanted to sell are coming in I guess. Buyer not too interested as they wanted to get a bargain. All this is what I am guessing. At Rs 1200 ALLI is still fundamentally good. After consolidation is may go for another run . Keep watching. When there are far worse illuid shares in the market still tradign at high prices
ALLI and DIMO still looks very good. ( at these levels)

@Slstock, your Guess is correct.. It may take another run verysoon.

ALLI went down bcos the most reason..
*most of them don't like to hold it. try to sell those immediatley..
*no one try to colloect and push this stock(manupulation or speculation)

ALLI will go up again(possible) bcos the reason
* still undervalued compare with oter finace sector's stock
*all the finance stocks are doing well and attractive stock in the market(eg; CFIN ,LFIN, SFIN )
* ARPI FINACE also doing well so ALLI hold ARPI
* very illiquid stock (now possitvie trend for the illiquid stock)

I feel If we get any split announcement from the company then we may expect more than 2000/= for this stock

Well, well, well. DIMO financials statements show where a large chunk of ALLI profits came from: selling their DIMO holdings. ALLI is no longer in the top 20 shareholders list. Pretty silly of them to sell an undervalued share like DIMO don't you think?

That's right folks, the ALLI result is just another case of profits ballooning due to extra ordinary items. I guess the price retreated today cause people had more time to analyze the financial statements (and Hybrid_OS had some scathing remarks in another thread).

I hope Rajitha sold is ALLI and Bought DIMO.

tubal wrote:Well, well, well. DIMO financials statements show where a large chunk of ALLI profits came from: selling their DIMO holdings. ALLI is no longer in the top 20 shareholders list. Pretty silly of them to sell an undervalued share like DIMO don't you think?

That's right folks, the ALLI result is just another case of profits ballooning due to extra ordinary items. I guess the price retreated today cause people had more time to analyze the financial statements (and Hybrid_OS had some scathing remarks in another thread).

I hope Rajitha sold is ALLI and Bought DIMO.

Well said Tubal.

Earlier someone tried comparing ALLI with CFIN..

Leave the share prices but you cannt compare these two companies..

UKboy wrote:

tubal wrote:Well, well, well. DIMO financials statements show where a large chunk of ALLI profits came from: selling their DIMO holdings. ALLI is no longer in the top 20 shareholders list. Pretty silly of them to sell an undervalued share like DIMO don't you think?

That's right folks, the ALLI result is just another case of profits ballooning due to extra ordinary items. I guess the price retreated today cause people had more time to analyze the financial statements (and Hybrid_OS had some scathing remarks in another thread).

I hope Rajitha sold is ALLI and Bought DIMO.

Well said Tubal.

Earlier someone tried comparing ALLI with CFIN..

Leave the share prices but you cannt compare these two companies..

True, we cannot compare ALLI with CFIN. But CFIN is fairly valued to the current market price. It has appreciated almost 100% after the Perpetual deal. Now all depends on how they produce 4Q report. Let's wait and see.

Dear Tubal,

Please correct me if I'm wrong. The gain on sale of shares would have accounted under:

1) Net interest income (99%) increase QoQ, 121% increase YoY
OR
2) Operating income (21%) increase
OR
3) Other income which is only Rs.11,318,422. I think the chances are it's under other income which is not significant in any way compared to the Net profit after tax of Rs. 103,564,935.

Further, it's not clear that how many shares of Dimo has been disposed by Alliance and at what price.
I think the increase in EPS is mainly due to higher interest income during the period. This is also evident by increase in lending (lease/Hp/term loans and other loans).

Other good thing is that ALLI has increased it's investment securities during the year compared to last year.

Overall, I still think that ALLI is under valued and worth to hold.

dineshfernando wrote:Dear Tubal,

Please correct me if I'm wrong. The gain on sale of shares would have accounted under:

1) Net interest income (99%) increase QoQ, 121% increase YoY
OR
2) Operating income (21%) increase
OR
3) Other income which is only Rs.11,318,422. I think the chances are it's under other income which is not significant in any way compared to the Net profit after tax of Rs. 103,564,935.

Further, it's not clear that how many shares of Dimo has been disposed by Alliance and at what price.
I think the increase in EPS is mainly due to higher interest income during the period. This is also evident by increase in lending (lease/Hp/term loans and other loans).

Other good thing is that ALLI has increased it's investment securities during the year compared to last year.

Overall, I still think that ALLI is under valued and worth to hold.

Dinesh, hold if you must. But like I said in another thread, people thought Chicken results were repeatable when they clearly were not while the same can be probably be said about ALLI.

ALLI statement doesn't explain what the hell they mean by operating income and I do believe it's profit from dealing in debt instruments and shares. Anyway we will soon find out when their annual report is released.

tubal wrote:

dineshfernando wrote:Dear Tubal,

Please correct me if I'm wrong. The gain on sale of shares would have accounted under:

1) Net interest income (99%) increase QoQ, 121% increase YoY
OR
2) Operating income (21%) increase
OR
3) Other income which is only Rs.11,318,422. I think the chances are it's under other income which is not significant in any way compared to the Net profit after tax of Rs. 103,564,935.

Further, it's not clear that how many shares of Dimo has been disposed by Alliance and at what price.
I think the increase in EPS is mainly due to higher interest income during the period. This is also evident by increase in lending (lease/Hp/term loans and other loans).

Other good thing is that ALLI has increased it's investment securities during the year compared to last year.

Overall, I still think that ALLI is under valued and worth to hold.

Dinesh, hold if you must. But like I said in another thread, people thought Chicken results were repeatable when they clearly were not while the same can be probably be said about ALLI.

ALLI statement doesn't explain what the hell they mean by operating income and I do believe it's profit from dealing in debt instruments and shares. Anyway we will soon find out when their annual report is released.

Tube,

I also said early that it is not good to take ALLI march quarter as example for future earnings. They usually report higher EPS in march. We should not be comfortable holding this for long term if one is expecting the same results and you are right to point that out.

But there might be a short term gain due to its illliquid nature and the eps of 109 they reported. Compared to other crap ill liquids this still shows good fundamentals with the earnings they currently have shown you would agree. ( at price around Rs 1200-1300).
So if I were to pick an illquid for short term I would not mind picking a share trading at PE of 11 ( leaving out provisions for other earnings) compared PEs of 20-100s for a short term gain. From Dec quarter and YoY they have show growth on Net Interest Income also.



Now Speaking of DIMO holdings of ALLI

According to 2010 Annual report they had

79,973 DIMO shares at cost of Rs 18,232,690. Equals to about Rs 227 per share cost.

By December 2010 they had 75,473.

So as they have sold their complete DIMO holdings ( according to DIMO holder list), I am wondering maybe they sold before they saw December quarter eps and in the middle of the last run. If I recall right the last run was before the Dec report release right?


On tentative assumption they sold for RS 1500 per share their gain would be

(1500-227)* 75473= Rs 96077129

So a figure like that should be accounted for in some place. If I am to pick given the choice of Net Interest Income or Operating Income I guess it would be under Operating income. Lets await the annual report to confirm

anyhow ...who is the idiot gave - rep for all ???

Jana wrote:anyhow ...who is the idiot gave - rep for all ???

Hi Jana
I didn't that but you have to look how you are talking to the other people. no one is an idiot here.

slstock wrote:

On tentative assumption they sold for RS 1500 per share their gain would be

(1500-227)* 75473= Rs 96077129

So a figure like that should be accounted for in some place. If I am to pick given the choice of Net Interest Income or Operating Income I guess it would be under Operating income. Lets await the annual report to confirm

this is easy enough to confirm if you take a look at the 2010 annual report (whether operating income includes share sales)
http://www.cse.lk/cmt/upload_report_file/341_1281941673094.pdf

on page 78 note 6 they give a break up of Operating income and a big chunk of this comes from dealing securities (if you go to page 82 note 16 you can see that dealing securities is made up of shares).

so the answer to your question is that ALLI accounts for share sales under operating income.

innam wrote:

slstock wrote:

On tentative assumption they sold for RS 1500 per share their gain would be

(1500-227)* 75473= Rs 96077129

So a figure like that should be accounted for in some place. If I am to pick given the choice of Net Interest Income or Operating Income I guess it would be under Operating income. Lets await the annual report to confirm

this is easy enough to confirm if you take a look at the 2010 annual report (whether operating income includes share sales)
http://www.cse.lk/cmt/upload_report_file/341_1281941673094.pdf

on page 78 note 6 they give a break up of Operating income and a big chunk of this comes from dealing securities (if you go to page 82 note 16 you can see that dealing securities is made up of shares).

so the answer to your question is that ALLI accounts for share sales under operating income.

Thanks for pointing that out Innam. This will clarify and justify Tubal and my guesses.

Looking at Operating Income which is relatively considerable each quarter , is seems ALLI systematically dispose part of their holdings each quarter. So this might be a consistent practice to boost their income. Bit like what Sampath also did with Lanka Bangla

Pira wrote:

Jana wrote:anyhow ...who is the idiot gave - rep for all ???

Hi Jana
I didn't that but you have to look how you are talking to the other people. no one is an idiot here.

am really sorry pira ... but I am very disapointed .... in this topic nothing wrong ... sometime I got - rep when I was talk about gambled stocks.

some people never appreciate and always say something against to the topic eventhough good subject manners. thats it..

anyway am sorry for my words.

Jana wrote:

Pira wrote:

Jana wrote:anyhow ...who is the idiot gave - rep for all ???

Hi Jana
I didn't that but you have to look how you are talking to the other people. no one is an idiot here.

am really sorry pira ... but I am very disapointed .... in this topic nothing wrong ... sometime I got - rep when I was talk about gambled stocks.

some people never appreciate and always say something against to the topic eventhough good subject manners. thats it..

anyway am sorry for my words.

no sorry

I've also some alli shares. I've bought it as it was 900. I am not goint to sell it in the near future. For me it has more value.

DO you know what I think. some people are thinking that we can double or get more money within some days. It's not a casino or so. It need some time to take profit.

Hope the people let more time to work their money that it can give good profit.