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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » #SUGA - Pelwatta sugar - What's going on???

#SUGA - Pelwatta sugar - What's going on???

3 posters

Go down  Message [Page 1 of 1]

RDS

RDS
Manager - Equity Analytics
Manager - Equity Analytics


What going on???, price upward from last week. Anyone got info?

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics

RDS wrote:
What going on???, price upward from last week. Anyone got info?

NO idea. Somebody looks pushing it?

RDS

RDS
Manager - Equity Analytics
Manager - Equity Analytics

Look like something more than that.
rumour about 7 star hotel

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

World sugar prices are at 30-year highs, but SUGA has major output and productivity problems - the October to March period is also 'off season' for SUGA, and they usually do not make much money during this period. Sugar prices are also very volatile, and global crop can be increased quickly.

Potential positives are Pelwatte Dairy IPO, which has been talked of for a long time, together with investments in tourism and power. Takeover speculation talk has also emerged in the past, and illiquid share can be easily manipulated.

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