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SIRA: EPS up by 1000% > EPF Hoding 24.6 Million (Increased by 3.07% in the last quarter)

+4
kassachandi
Gainer
man123
The Best ROI
8 posters

Go down  Message [Page 1 of 1]

The Best ROI

The Best ROI
Equity Analytic
Equity Analytic

My appreciation fully goes to Prof. Chanaka Jayawrdhana for giving his opinion about SIRA. Based on his idea, I thought of writing in view of SIRA. After my web post, People who collected @ 2.30 – 2.40 are now in a very profitable / safe margin. Let me explain his idea further;

As per the last financial statements released on 14th Oct 2014,

SIRA:  Net Profit for the Period - 90.7 Million (while share price @ 2.60 NOW -14/11/14)

(However, Kalani Cable (KCAB) Net Profit for the period - 70.7 Million (while share price @ 101.90 NOW - 14/11/14)

SIRA: Total comprehensive Income/(Expense) As Sept. 2014: 130.02 Million (Sept. 2013: 5.18 Million)

SIRA: Growth of Net Asset Value (NAV) from 0.02 to 0.20 (1000% growth)

SIRA: 1000% growth is Excellent Performance


SIRA: Holding of EPF as in June 2014 - 8 113 032 Percentage (% 1.51)
Holding of EPF as in Sept. 2914 - 24,624,126 Percentage (% 4.58)
Acquired Shares by EPF for the Period - 16,511,094 Percentage up by  (%3.07)

SIRA: As per the table below, this is after EPF acquisition recently (16.5 Million – before 1st of Oct 2014). If someone has already collected, or still collecting – he/she may play wonders since SIRA has started performing well, and it is largely worthy at this price for a corporate client. It may be good in short term and long term as well. The World copper price has comparatively come down, and it will also make positive margin in profit. Colombo harbor project and other massive constructions in Sri Lanka are in progress. Cable industry is pivotal under such environment. There is a strong possibility of entering foreign buyers into SIRA soon. EPF has already started in consolidation.
It is good to remember that Month to Date Volume is now passing 32.4 Million.

(This article was prepared on 14th Nov 2014 after a lengthy discussion with Prof. Chanaka Jayawardhana. He further advises not to buy / sell because of this note. This is only a technical analysis for your +/- comments. Equity Market is highly volatile, but it may be profitable largely when your way in/out would be at the right time)

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

SIRA sold CIND 1.5 Million @80/= then SIRA NAV may be increased by another 0.30 cents So SIRA will pass 6/=,
we can see VPEL make some EPS thatswhy its went up to 7/= now NAV is not much
keep on eye SIRA

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Very Happy

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SIRA some brokers recommended for strong buy and target price 6.00

kassachandi


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

Is it good to buy this @3.10 or wait another week or two to enter ?

aran

aran
Manager - Equity Analytics
Manager - Equity Analytics

yeah but they facing cash flow deficit .look at the cf statement there operating in bank over draft

kassachandi


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

True Mr aran but the sale of CIND will give them the much needed cash inflow.

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

aran wrote:yeah but they facing cash flow deficit .look at the cf statement there operating in bank over draft


Rolling Eyes Rolling Eyes Rolling Eyes

Teller

Teller
Moderator
Moderator

This is not good at all in this price. Below 2.50 is ok, their cables are using industrial purpose only.market leaders are kelani and acl.those cables are using for house holders,so we cant compare sira with other competitive companies

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Tomorrow morning SIRA will touch 3.50 again Very Happy Very Happy Very Happy

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

SIRA easy to touch 3.50 cheers

The Best ROI

The Best ROI
Equity Analytic
Equity Analytic

I honestly promoted SIRA at 3 or below, when it had a very good trend (short term, and long term as well). I think that many who followed me, got good profits already. Now it may settle around .20 +/  Rs. 3.10. It may have long term benefits, but for traders, it has a marginal risk.

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

alien alien alien alien

sach9993


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

http://forum.srilankaequity.com/t38504-sierra-cable-acl-cables-kelani-cables#235867

sach9993


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

api owa kalin kiwane

sach9993


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

api owa kalin kiwane

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

SIRA shows more than 0.50cts EPS next reports from their earnings and from sold 1.5 Mn CIND @ 80/=

So Don't worry about the management of SIRA at this time , it is speculative mode now ,

Did you guys see the order book not much selling pressure there so it will pass 4/= within two days if the market continue in good

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

alien alien alien

man123


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

when they show EPS more than 0.50 cts next repot SIRA pass 6/= again

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