MSL Rally

salimts · 1 MSL Rally Fri May 27, 2011 12:24 pm

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MSL reached a high of Rs360 and now it has come down to 290. What is the reason for this rally?. Anyone knows?

Monster · 2 Re: MSL Rally Fri May 27, 2011 12:54 pm

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As of 3Q2010 interim financial report nine month EPS is -1.53 (Negative). They had a massive other income and capital gain of 198 million from disposing a vessel to scrap in 4Q2010.

Code:: The vessel M.V. "Safmarine Soyo" owned by the Company was disposed for scrap in January 2010 for US Dollars 1.596 Million

Other than that the company income is not healthy. As I feel this one of the highly illiquid counter in CSE. Public holding is only 4.34% as of 3Q2010 interim report. Only 2625 shares need to enter top 20 share holders list.

Last edited by Monster on Fri May 27, 2011 1:03 pm; edited 1 time in total

salimts · 3 Re: MSL Rally Fri May 27, 2011 12:59 pm

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Monster wrote:As of 3Q2010 interim financial report nine month EPS is -1.53 (Negative). They had a massive other income and capital gain of 198 million from disposing a vessel to scrap in 4Q2010.

Code:

The vessel M.V. "Safmarine Soyo" owned by the Company was disposed for scrap in January 2010 for US Dollars 1.596 Million

Other than that the company is not healthy. As I feel this one of the highly illiquid counter in CSE. Public holding is only 4.34% as of 3Q2010 interim report. Only 2625 shares need to enter top 20 share holders list.

Thanks. "There is no smoke without a fire' so the saying goes. I was just wondering whether any news or rumour floating around.

tubal · 4 Re: MSL Rally Fri May 27, 2011 7:32 pm

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salimts wrote:

Monster wrote:As of 3Q2010 interim financial report nine month EPS is -1.53 (Negative). They had a massive other income and capital gain of 198 million from disposing a vessel to scrap in 4Q2010.

Code:

The vessel M.V. "Safmarine Soyo" owned by the Company was disposed for scrap in January 2010 for US Dollars 1.596 Million

Other than that the company is not healthy. As I feel this one of the highly illiquid counter in CSE. Public holding is only 4.34% as of 3Q2010 interim report. Only 2625 shares need to enter top 20 share holders list.

Thanks. "There is no smoke without a fire' so the saying goes. I was just wondering whether any news or rumour floating around.

That's the most ridiculous statement I head in a long time. haven't you seen how shares jump up just like MSL did before the results were released and the results are just a joke? Their EPS has plummented from negative 4.3 to negative 13.6
As long as there are people like you around manipulators can make bucketfulls of money everyday.

mono · 5 Re: MSL Rally Fri May 27, 2011 7:42 pm

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tubal wrote:

salimts wrote:

Monster wrote:As of 3Q2010 interim financial report nine month EPS is -1.53 (Negative). They had a massive other income and capital gain of 198 million from disposing a vessel to scrap in 4Q2010.

Code:

The vessel M.V. "Safmarine Soyo" owned by the Company was disposed for scrap in January 2010 for US Dollars 1.596 Million

Other than that the company is not healthy. As I feel this one of the highly illiquid counter in CSE. Public holding is only 4.34% as of 3Q2010 interim report. Only 2625 shares need to enter top 20 share holders list.

Thanks. "There is no smoke without a fire' so the saying goes. I was just wondering whether any news or rumour floating around.

That's the most ridiculous statement I head in a long time. haven't you seen how shares jump up just like MSL did before the results were released and the results are just a joke? Their EPS has plummented from negative 4.3 to negative 13.6
As long as there are people like you around manipulators can make bucketfulls of money everyday.

I'm telling you someone leaked the financial statement and forgot the mention that the EPS was inside brackets. that explains everything.

either that or these buggers are going for a WAPO type right issue to buy a ship. Rolling Eyes

salimts · 6 Re: MSL Rally Fri May 27, 2011 7:59 pm

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tubal wrote:

That's the most ridiculous statement I head in a long time. haven't you seen how shares jump up just like MSL did before the results were released and the results are just a joke? Their EPS has plummented from negative 4.3 to negative 13.6
As long as there are people like you around manipulators can make bucketfulls of money everyday.

You sound like a great protector and saviour of all investors. With people like you around, the market will be a dull place and certainly this forum can suffer too. I certainly don't like your approach.

tubal · 7 Re: MSL Rally Fri May 27, 2011 8:48 pm

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salimts wrote:

tubal wrote:

That's the most ridiculous statement I head in a long time. haven't you seen how shares jump up just like MSL did before the results were released and the results are just a joke? Their EPS has plummented from negative 4.3 to negative 13.6
As long as there are people like you around manipulators can make bucketfulls of money everyday.

You sound like a great protector and saviour of all investors. With people like you around, the market will be a dull place and certainly this forum can suffer too. I certainly don't like your approach.

Since the SEC isn't doing it's job, I thought I would take over that role.

Someone whose approach is to buy crappy shares after they have jumped up 20% . Someone whose approach after having brought those junk shares is to clutch at straws and blame others isn't going to like my approach.

Fresher · 8 Re: MSL Rally Fri May 27, 2011 9:05 pm

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rep for that comment tubal.

how much people try genuinely to educate, we still have absurd views like this.

salimts · 9 Re: MSL Rally Fri May 27, 2011 9:33 pm

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A few people think that if a company makes a loss for a few quarters or a couple of years, that one should keep away from it. There are people who can turn these company around and make it profitable. The current situation in SL with the harbour at Humbantota are signals that this company can do well in the long term. I am not trying to promote this company as you policemen think. Each one has his own strategy. By the way, I was just trying to find whether anybody heard any news. Unfortunately, some self appointed good samaritans have turn the whole thing around.

Fresher · 10 Re: MSL Rally Fri May 27, 2011 10:16 pm

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salimts,

tubal responded to you query. according to the graph it went up with reasonably high volume and down with low volume. The logical reason he mentioned is also true since it has a higher negative EPS compared to the corresponding period.

You are true in saying it will have growth opportunities and the revenue increase reflects that but also note that cost of sales have increased a lot as well.

There is a reasonable assumption I can make after looking at the top 20 list that you are one of them. It may be the reason for you to grumble on the comments made by fellow members

salimts · 11 Re: MSL Rally Fri May 27, 2011 10:28 pm

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I am not grumbling my friend. Just because some cannot make any profit due to the strategy they adopt, does not mean others are crooks. Be broad minded, we are all here to earn a return on our investments. Unfortunate it happens at the loss of some in the short term

mono · 12 Re: MSL Rally Fri May 27, 2011 10:45 pm

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salimts,

We all know the harbor situation and have known about this for quite sometime, it's not news to the market in any way. That's why despite consistently loosing money for some time this company is trading at 2.5 times the book value.

The bottom line is that the company hasn't made profits from quite some time, and this sudden movement seems to have no apparent basis, maybe there is something cooking there who knows. And given the EPS of (13.5) from the quarter, i highly doubt this will go anywhere without the help of a massive rights issue at .50rs

smallville · 13 Re: MSL Rally Fri May 27, 2011 10:46 pm

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salimts wrote:A few people think that if a company makes a loss for a few quarters or a couple of years, that one should keep away from it. There are people who can turn these company around and make it profitable. The current situation in SL with the harbour at Humbantota are signals that this company can do well in the long term. I am not trying to promote this company as you policemen think. Each one has his own strategy. By the way, I was just trying to find whether anybody heard any news. Unfortunately, some self appointed good samaritans have turn the whole thing around.

If a company make losses for few qtrs, say even all 4, it will still be reasonable for a new management to carry the burden and make it a profitable one.. But few years, say 3-4 losses make the company useless unless a magician turns it to profitable, lets say not over-night but within a year or so..
The rational is; companies carry losses in their balance sheets and every profitable qtr/year will be used to reduce the debts it carries hence it will take several more years for it to wipe it out and if we invest in a company like that we can most certainly wait for about 8 years being the long term obedient share holders to be happy when in 9th year it starts making profits..

So after all we've wasted 8 yrs on sometime which is not gonna up the share price in a year to compensate it..
So how much is the opportunity loss???

That's what ppl are trying to imply..

salimts · 14 Re: MSL Rally Fri May 27, 2011 11:25 pm

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tubal wrote:

As long as there are people like you around manipulators can make bucketfulls of money everyday.

Is this the type of language you would people like to use in this forum, especially when they are credited with lots of points and reps. I am not interested in any of these. There should be rational, sensible discussions, not jump into conclusions. Very poor leadership quality.

salimts · 15 Re: MSL Rally Sat May 28, 2011 10:13 am

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npp wrote:

There is a reasonable assumption I can make after looking at the top 20 list that you are one of them. It may be the reason for you to grumble on the comments made by fellow members

Here is another one. Does this sound like reasonable, sensible, rational discussion?. There are 19 others members in this forum who are the Policemen's hit list.

Quibit, if you are following this discussion thread, please remove me from the membership registration list. Thank you.

Fresher · 16 Re: MSL Rally Sat May 28, 2011 10:18 am

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salimts wrote:

npp wrote:

There is a reasonable assumption I can make after looking at the top 20 list that you are one of them. It may be the reason for you to grumble on the comments made by fellow members

Here is another one. Does this sound like reasonable, sensible, rational discussion?. There are 19 others members in this forum who are the Policemen's hit list.

Quibit, if you are following this discussion thread, please remove me from the membership registration list. Thank you.

with all due respect, I did not understand the 19 other members part.

but I do think that what I said was reasonable and sensible.

if you post expecting a response, you must appreciate the response and the time they take to reply you instead of filtering what's positive and negative in your point of view

tubal · 17 Re: MSL Rally Sat May 28, 2011 6:59 pm

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Dear TS Salim, do you think everyone should say MSL is a wonderful share just because your 500,000 rupee investment got you into the top share holder list?

(great observation NPP).

Monster · 18 Re: MSL Rally Sat May 28, 2011 7:32 pm

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salimts wrote:

npp wrote:

There is a reasonable assumption I can make after looking at the top 20 list that you are one of them. It may be the reason for you to grumble on the comments made by fellow members

Here is another one. Does this sound like reasonable, sensible, rational discussion?. There are 19 others members in this forum who are the Policemen's hit list.

Quibit, if you are following this discussion thread, please remove me from the membership registration list. Thank you.

Good observation npp. +Rep from me.

StocksWatch · 19 Re: MSL Rally Sat May 28, 2011 7:58 pm

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npp wrote:There is a reasonable assumption I can make after looking at the top 20 list that you are one of them. It may be the reason for you to grumble on the comments made by fellow members

Hi npp, that is well spotted mate. There is a person by the name T.S. Salim in the first 20 list with 3400 shares. Interestingly the user name of the OP of this thread also sounds same. So that is in fact a reasonable assumption.

Well done mate.

cse.alpha · 20 Re: MSL Rally Sun May 29, 2011 4:55 pm

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MSL only made good money during the North East war, when the roads to Jaffna were closed, and with a lot of transport happening by sea.

Now it is dependent on international trade, and that is much more competitive. Or else it will have to pray for a good sale price for its ships.

After building 2 new ships recently, MSL also has a staggering amount of debt on its balance sheet. As at 31st March 2011, total debt was approx Rs 3.3 billion against total equity of just Rs 0.3 billion. Really could use a generous rights share issue.

But without benefit of inside news, MSL's fundamentals do not seem to support current share price of Rs300.

And while stranger things have happened to illiquid shares on the CSE, it might be a good idea to take advantage of current share price to exit, before a major shareholder like Hemas decides to dump the share.

Monster · 21 Re: MSL Rally Sun May 29, 2011 10:55 pm

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cse.alpha is correct. MSL didn't make any revenue in Sri Lankan waters after 4Q2009. MSL is the largest ship owner and operator in Sri Lanka with a fleet now made up of six vessels ranging in size between 3,000 and 17, 400 tonnes deadweight which are operated throughout the Indian Ocean.

Further, public holding is increased up 21.10% from 4.34% in the previous quarter. Ceylon Shipping Corporation and DEG Deutsche Investitionsund-Entwioklungs Gesellschaft - MD are not in the directors board. But still they are in the top 20 share holders list. I am wondering there is no announcement in CSE regarding this incident. Who knows, they might dump their stake any time.

Monster · 22 Re: MSL Rally Mon May 30, 2011 10:41 am

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http://www.lbo.lk/fullstory.php?nid=1456494009

Fresher · 23 Re: MSL Rally Mon May 30, 2011 10:11 pm

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wow!
looks like 'someone' got offended by my comment and decided to giv - rep Very Happy

don't worry mate, i aint that like that to give ya the same Smile

Monster · 24 Re: MSL Rally Tue May 31, 2011 12:32 am

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MSL has traded in unusual manner today just after the heavy loss in the 4th quarter. More than 56,000 shares has traded and the share price has appreciated almost 50% in a single day. I assume one of the major share holder is dumping his stake.

Fresher · 25 Re: MSL Rally Tue May 31, 2011 7:25 am

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npp wrote:rep for that comment tubal.

how much people try genuinely to educate, we still have absurd views like this.

a negative rep for giving someone a positive Very Happy

can't stop laughing

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MSL Rally

1 MSL Rally Fri May 27, 2011 12:24 pm

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2 Re: MSL Rally Fri May 27, 2011 12:54 pm

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3 Re: MSL Rally Fri May 27, 2011 12:59 pm

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