POULTRY SECTOR

@cse.mkt wrote:

@slstock wrote:

@cse.mkt wrote:Poultry sector makes me

Which shares do you hold and what price? If there is only RS 10-20 difference I would not worry too much right now. Patience is the key

I bought GRAN @ 170 and 169........

This is nothing my friend. As slstock mentioned frequently, there were even large crossings at 205 and 250 so considering that the price you have paid is much lower.

It may hardly take couple of good days to recover the price to this range, so be patient.

be patient my friend!!

@cse.mkt wrote:

@slstock wrote:

@cse.mkt wrote:Poultry sector makes me

Which shares do you hold and what price? If there is only RS 10-20 difference I would not worry too much right now. Patience is the key

I bought GRAN @ 170 and 169........

Maybe it would comfort you to know my avergae in GRAN is over yours. Don't worry. If you are not short term trader and can hold for medium term with patience and I think you will be rewarded.

@tkc wrote:be patient my friend!!

After monday every thing might recover. ... Lot of investors got margin fascility.. end of long holidays.. expecting financial reports...

I think BFL base level is 460 what are you thinking?
Why GRAN and TAFL are going down? anybody know what happened at AGM

may be awaiting CSE to make some changes, ....!! ..turning point..!

Or the trend is over?

i think poultry will recover soon right before their next reports. BFL base is around 435~440 according to me. but the real base is around 400. CSE is nt gonna a have bear phase for me. So just before their next reports im expecting a run but nt just like it in prev year.

GRAN & TAFL broke my heart....

@Ben Graham wrote:i think poultry will recover soon right before their next reports. So just before their next reports im expecting a run but nt just like it in prev year.

BFL report normally comes early. Along with BFL I too hope a run on GRAN and TAFL . As mentioned above I also agree that the run may not be like previous years due to current envioronment.

Have a look on GRAN's future plans.
http://forum.srilankaequity.com/t2894-gran-expansion-plans-2011-and-beyond

@cse.mkt wrote:GRAN & TAFL broke my heart....

We didn't see large selling orders for GRAN and TAFL towards the latter part of the day...hopefully the selling pressure is over and this helped the price to recover from mid-day low levels. If this momentum continues tommorow morning, we may see an end to this prolong downtrend. Just a wish rather than a prediction.

I am expecting good Jan-Mar quarter results for all 4 poultry companies.
I believe all major poultry companies (BFL,TAFL,GRAN,CIC) have good growth potential in this year too.

@StocksWatch wrote:
If this momentum continues tommorow morning, we may see an end to this prolong downtrend. Just a wish rather than a prediction.

Your wish has been granted at least upto certain extend by CSE.

@milanka wrote:

@StocksWatch wrote:
If this momentum continues tommorow morning, we may see an end to this prolong downtrend. Just a wish rather than a prediction.

Your wish has been granted at least upto certain extend by CSE.

Today GRAN , TAFL seemed to be holding their ground. BFL was a bit shaky but Rs450-Rs 460 seems a resistance.
I guess when all this selling it over it might for a powerful run as there will be less obstacles.

@slstock

Agreed .

panic sellers are lost, holding power is the best. let us go to the GRANd party, comoon

@milanka wrote:

@StocksWatch wrote:
If this momentum continues tommorow morning, we may see an end to this prolong downtrend. Just a wish rather than a prediction.

Your wish has been granted at least upto certain extend by CSE.

Yes somewhat...however the volume is discouraging...hope to see more trading in the rest of the week....definitely there are not many sellers at this price now.

@gamester wrote:panic sellers are lost, holding power is the best. let us go to the GRANd party, comoon

things can change ... sellers will regret..

Seems downward rally.

It seems guys holding will regret.......... sellers should be happy now could buy at lower price if needed :lol: :lol:

:lol: :lol: idiots giving -ve reps because its against there wish ........

TAFL and GRAN are bubbles. They destined to blow up

@yes, you can collect more and more at current price.Wish you all the best

What's going on?Any idea from Poultry Experts?Hmmmmmmm.

Whats going on with GRAN ? Its going down..Its a fundamentally strong share..Paultry experts pls share your views

Don't get caught in to peoples fake rallys and promotion campaigns! Think with your heard and do the research!

http://www.ft.lk/2011/02/11/chicks-bullish-perpetual-capital-buys-10-stake-in-grain-elevators/

So perpetual bought GRAN at 240 rupees ....... I have not lost that much ....

Will perpetual take this stock high again .....

Just a hope my loss is huge I cant sell now. I would rather hold on to this for 2 years rather than selling at current price......

This is not a promotion ... I just want to find out what others think....

hmm GRAN worth buying this days ,i mean this down trend will not last for ever isn't it ???
this can be the bottom ???
new guy on the block
im confused

@ipoguru wrote:http://www.ft.lk/2011/02/11/chicks-bullish-perpetual-capital-buys-10-stake-in-grain-elevators/

So perpetual bought GRAN at 240 rupees ....... I have not lost that much ....

Will perpetual take this stock high again .....

Just a hope my loss is huge I cant sell now. I would rather hold on to this for 2 years rather than selling at current price......

This is not a promotion ... I just want to find out what others think....

Not only Perpatual , Even Lagufs purchased it @ 205/= ,

http://www.ft.lk/2011/03/04/laugfs-lights-up-bourse/

@ipoguru wrote:http://www.ft.lk/2011/02/11/chicks-bullish-perpetual-capital-buys-10-stake-in-grain-elevators/

So perpetual bought GRAN at 240 rupees ....... I have not lost that much ....

Will perpetual take this stock high again .....

Just a hope my loss is huge I cant sell now. I would rather hold on to this for 2 years rather than selling at current price......

This is not a promotion ... I just want to find out what others think....

Each of us have different reasons to buy. Some buy illliquids and speculatives expecting a quick again. Some gamble with even looing at the company background. Some identify growth stocks. Some buy undervalued counters. To me GRAN is a growth stock . It is not for short term. It is medium to long term stock identifying the natures of poultry market in Sri Lanka. With Growth stocks some pay higher PE expecting future Growth. ( Example Cargills, Lion etc) . When we commit to growth stocks just like any other share we need to leave room for shares price fluctuations. ( down trends)


When Perpetual, Mr Nimal Perera, Mr Ishara N , Laugf all bought GRAN at higher prices ( Rs 205-250) did they all make a mistake? Why did they buy considerable number of shares at that price not knowing that they are buying at a much higher PE than now. Don;t blindly follow them. Ask yourself , if I hold this for 1 year atleast do I think I will be loosing out on GRAN though am at a loss now. Does GRAN have a strong balance sheet now. What are their capacity to expand. Even with a momentory government intervention ( price reduction of chicken, tax issues) , virus scare am I prepared to hold this as I am confident of this company. Why did I buy into GRAN now. Should I be worried about the current loss i made if I considered the above facts?

If you answer NO hold. If you answer yes, I guess you entered GRAN for the wrong reasons and maybe it was a bad decision.


BTW, all the poultry shares are now attractive to me due to the same facts as above( BFL, TAFL,GRAN). GRAN balance sheet is stroger than TAFL. TAFL has some lossses to cover which they will if their profit trend continues. Just note one thing when TAFL increase GRAN will also do so irrespective of conditions. If you believe in TAFL and not GRAN just think about it

Well said Slstock.. I think we've mentioned coupla times the potentiality of GRAN as a med-long term hold.. fluctuations are normal scenarios in this market..
So even if you buy for wrong reasons, then hold onto it for gods sake.. dont lose money by selling low.. its not the end of the world..