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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » DIMO is massively under valued

DIMO is massively under valued

+21
seyon
Capt
yoyo
mono
Pira
Rajitha
amibroker
ruchira nirash
san1985
godswen
smallville
Monster
ipoguru
duke
deal
antxster
cse.alpha
DXB2252
Slstock
StocksWatch
dineshfernando
25 posters

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1DIMO is massively under valued Empty DIMO is massively under valued Thu May 19, 2011 8:30 pm

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

DIMO is the most under valued share at CSE. The turnover has increased 179% within this year.

EPS for 2010/ 2011 is Rs. 243.81

PE is 1,573/243.81 = 6.45 (severely under valued)

Simply amazing results.

At a PE of 10 (pessimistic approach) it should be trading at Rs. 2,400/=

At a PE of 15 (Reasonable) it should be trading at Rs. 3,600/=

There will not be any major impact on DIMO's sales due to increase in vehicle duties as most of DIMO's vehicles are over 1600CC.

I believe that this has got huge potential and a real run yet to begin.

Please do your own research as well.

2DIMO is massively under valued Empty Re: DIMO is massively under valued Thu May 19, 2011 11:50 pm

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

There is high selling pressure at current price levels. That may be the reason why this is still at 1500 levels. Certainly good share to hold medium to long term.

3DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 2:45 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics


More comments here also
http://forum.srilankaequity.com/t3796-dimo-stock-to-watch?highlight=dimo

4DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 8:47 am

DXB2252


Senior Equity Analytic
Senior Equity Analytic

institutional selling pressure that's the main reason for price stuck on this level,once it clear you cant buy even Rs.2000

5DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 9:15 am

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Recent selling pressure on DIMO share has been from Thurston Investments (part of Aloysius and Perpetual group), who used to have almost 15% of DIMO.

Thurston stake in DIMO is down to 6% by 31st March 2011, having sold a large quantity to EPF towards the end of 2010.

6DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 9:27 am

DXB2252


Senior Equity Analytic
Senior Equity Analytic

Diesel and Motor Engineering PLC (DIMO) saw a very lucrative
financial year as the company’s net profit rose 755 percent to a
whopping Rs.2.1 billion against the previous year, financials released
to the Colombo Stock Exchange showed.
During the fourth quarter, the company’s post tax profit has rocketed
379 percent to Rs.664 million, when compared with the corresponding
quarter of the previous year.
The yearly Earnings Per Share (EPS) also increased significantly to
Rs.245 from just Rs.28.50, and the quarterly EPS to 76.30 from Rs.16 in
the corresponding quarter.
In the full year to March 2011, DIMO reported revenue of Rs.29.3 billion and for the last quarter Rs.8.5 billion.
“We did good business and its has resulted in such an increase,’ said Ranjith Pandithage, Chairman, DIMO PLC.
DIMO with its various segments including vehicle, vehicle parts and
spares, lighting and power tools, construction and material handling
machinery and electro mechanical and bio medical engineering segments
has had its largest contribution from the vehicle segment (Rs. 3.1
billion).
“There has been a growth in the Commercial Vehicle. DIMO Batta has
been the more popular of the commercial vehicles we have sold, and this
is due to the opportunities available in an emerging country,” said
Pandithage.
The recent increase in vehicle duty has not fazed the group, said
Pandithage, as the duty affects passenger vehicles which are not their
primary sub-segment. But he admitted the duty waiver by the government
during latter part of the last year had been helpful to produce such
good numbers.
Looking forward, DIMO expects to record larger revenue in the future.
“We look forward to servicing a growing country, especially the
commercial sector, and with new entrepreneurs entering the arena, we can
help sustain future growth” added Pandithage.
View original article at dailymirror.lk

7DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 11:18 am

antxster


Senior Equity Analytic
Senior Equity Analytic

I just bought 200 Qty @ Rs 1598.90~ Hopefully it rise further!

8DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 12:30 pm

deal


Equity Analytic
Equity Analytic

one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

9DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 12:38 pm

duke


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

it is not wise to think long term in sri lanka. the laws and regulations can change even while you're in the toilet.
look at the changes to credit clearing rules. small investors must have lost a lot of investment by following those rules.
look at the vehicle taxes. they can change while the vehicle is unloaded at the port.

ridiculous, i can imagine how Zimbabwe is like now

10DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 2:10 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...

11DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 6:38 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048

12DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:20 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Monster wrote:
ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


I have non voting shares. Does this applicable to me. Does this means I will get one share for every 50 shares held? Please explain I am not familiar with Scrip dividend

13DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:25 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

ipoguru wrote:
Monster wrote:
ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


I have non voting shares. Does this applicable to me. Does this means I will get one share for every 50 shares held? Please explain I am not familiar with Scrip dividend
How did you get non voting shares in DIMO. scratch

14DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:35 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Monster wrote:
ipoguru wrote:
Monster wrote:
ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


I have non voting shares. Does this applicable to me. Does this means I will get one share for every 50 shares held? Please explain I am not familiar with Scrip dividend
How did you get non voting shares in DIMO. :scratch:

what I have in my portfolio is DIMO.N000 is that voting? I thought N means non voting.

15DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:40 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

ipoguru wrote:
what I have in my portfolio is DIMO.N000 is that voting? I thought N means non voting.

Jee.. N = voting, X= Non voting, R= Rights, B= Bonus, W = warrants Wink
Where have u been dude Wink

16DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:41 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ipoguru wrote:
Monster wrote:
ipoguru wrote:
Monster wrote:
ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


I have non voting shares. Does this applicable to me. Does this means I will get one share for every 50 shares held? Please explain I am not familiar with Scrip dividend
How did you get non voting shares in DIMO. scratch

what I have in my portfolio is DIMO.N000 is that voting? I thought N means non voting.

N is voting shares! X is Non voting!

Anyways if you hold em till the date of scrip dividend then you will get the extra shares!

17DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:46 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

smallville wrote:
ipoguru wrote:
what I have in my portfolio is DIMO.N000 is that voting? I thought N means non voting.

Jee.. N = voting, X= Non voting, R= Rights, B= Bonus, W = warrants Wink
Where have u been dude Wink
Hope ipoguru is still new to the market.

18DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:47 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

godswen wrote:
ipoguru wrote:
Monster wrote:
ipoguru wrote:
Monster wrote:
ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


I have non voting shares. Does this applicable to me. Does this means I will get one share for every 50 shares held? Please explain I am not familiar with Scrip dividend
How did you get non voting shares in DIMO. :scratch:

what I have in my portfolio is DIMO.N000 is that voting? I thought N means non voting.

N is voting shares! X is Non voting!

Anyways if you hold em till the date of scrip dividend then you will get the extra shares!


Thanks mate + rep from me

when is the scrip dividend date?

19DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:50 pm

godswen

godswen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ipoguru wrote:

Thanks mate + rep from me

when is the scrip dividend date?

Dates are to be announced! They will upload another announcement on cse!

20DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 7:58 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

smallville wrote:
ipoguru wrote:
what I have in my portfolio is DIMO.N000 is that voting? I thought N means non voting.

Jee.. N = voting, X= Non voting, R= Rights, B= Bonus, W = warrants ;)
Where have u been dude ;)

I am quite young... only two months old. I hv mixed up W for voting and N for non voting. Any way glad that I did not make any loss because of that.

21DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 10:58 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Monster wrote:
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


Are they trying to achieve multiple objectives?

Paying a dividend while improving the liquidity....

("Dambuluth gihin thalagoith maragena enna") Very Happy

But i dont think this will have much impact on liquidity... Question

22DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 11:11 pm

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

What's more theres a dividend announcement also...(Jst noticed..)

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO
Date of Announcement:-20.May.2011
Rate of Dividend: - Rs. 20.00 per share / Final Dividend
Financial Year: - 2010/2011
XD:-31.May.2011
Payment: - 09.Jun.2011
Share Transfer Book Open

Simply amazing... Very Happy
Let the rally begin..
cheers cheers cheers

23DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 11:24 pm

ruchira nirash


Stock Trader

Monster wrote:
ipoguru wrote:
Monster wrote:
ipoguru wrote:
deal wrote:one of my portfolio full with dimo.i stated t o collect from 1700 .avg cost in 1645.this can value more than 2000 even new comer can understand .but no one interest .all are following low fundamental high risk shares.such as binn ,aluf,csf etc.trading shares are not a casino.but sri lankan law makes
and investors playing casino games using s.market.this is not suitable for value investors,thats
y dimo is not going up.

DIMO to go up big guys need to understand the value and enter.( 100 share price is too high for most of the retailers to be interested.) But they are normally adopting policy that make price low and collect slow. If few big guys need to enter price may soar upto 2500 else you have to wait patiently.
No need to worry this is like you are holding gold. It will come to correct price sooner or later.

I am also thinking why they can't announce 1:10 share split. Then it will be great price may go up even to 3000 levels...
There is an announcement by DIMO. It's not the share split. But script dividend.

20-May-2011 SCRIP DIVIDEND - DIMO

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO (Voting)
Date of Announcement:-20.05.2011
Proportion: - (01) One for (50) Fifty Shares
Financial Year: - 2010/2011
Shareholder Approval: - Not Required
AGM: - To be notified
Qty Offered:-174,048


I have non voting shares. Does this applicable to me. Does this means I will get one share for every 50 shares held? Please explain I am not familiar with Scrip dividend
How did you get non voting shares in DIMO. scratch

He He DIMO must Issued non voting shares only for "ipoguru" Twisted Evil
No mate DIMO.N0000 means voting shares. they don't have issued any non voting shares up to now. bom

24DIMO is massively under valued Empty Re: DIMO is massively under valued Fri May 20, 2011 11:56 pm

ipoguru


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

dineshfernando wrote:DIMO is the most under valued share at CSE. The turnover has increased 179% within this year.

EPS for 2010/ 2011 is Rs. 243.81

PE is 1,573/243.81 = 6.45 (severely under valued)

Simply amazing results.

At a PE of 10 (pessimistic approach) it should be trading at Rs. 2,400/=

At a PE of 15 (Reasonable) it should be trading at Rs. 3,600/=

There will not be any major impact on DIMO's sales due to increase in vehicle duties as most of DIMO's vehicles are over 1600CC.

I believe that this has got huge potential and a real run yet to begin.

Please do your own research as well.


DIMO NAVPS is 482 rupees. Do you guys think this is a fair valuation in current context. Has their lands and buildings being revalued at current market price? If not NAVPS could also higher than the stated values.

25DIMO is massively under valued Empty Re: DIMO is massively under valued Sat May 21, 2011 8:57 am

amibroker


Manager - Equity Analytics
Manager - Equity Analytics

san1985 wrote:What's more theres a dividend announcement also...(Jst noticed..)

DIESEL & MOTOR ENGINEERING PLC
Company ID: - DIMO
Date of Announcement:-20.May.2011
Rate of Dividend: - Rs. 20.00 per share / Final Dividend
Financial Year: - 2010/2011
XD:-31.May.2011
Payment: - 09.Jun.2011
Share Transfer Book Open

Simply amazing... Very Happy
Let the rally begin..
cheers cheers cheers


Wow..., I bought 1000 yesterday, @ 1598 levels. Yeah let the rally begin BUT I am not going to sell because this share is like Gold Laughing

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