VONE- Valibale One this should go to 25-28 levels in mid term.Macro Picture
since the company does not have a long history. (3-4 years only). Building the based and solid ground with good foundation was needed. It is building such.
Even though the pumpers and dumpers are waiting for manipulation, the sentiment is changing. Reason?? (It is difficult to hold 21-23 levels for 3-4 months)
DP is a fan of current government and hold most respectable positions.
all the companies under VONE conglomerate is exceptional Sampath, LBFIN, DELMAGE,ORIT, Rocell Ceramic etc.
VONE is up to Hotel, leisure too.Gaming sector has already got approval to build one of its controversial casino's in Colombo. Summer seasons constructions going on.
DP promised 100% return but he could not. Normal experience is, if DP can not take the company where it belongs to, he marge and acquire more companies. I believe there will be more exciting news in coming years.
My favorite point...History says the SP can not go down below 16.00 Which is a plus in this bull environment.If we are up to something that has already doubled, it is high risky.
Unlike early stage, there is foreign demand too and increasing.
In my personal view, current price 22 is cheap.
VONE should jump to 25 in near future. and it should go pass 50 long term.Mico picture
---Divdend 1.7% (consistance Dividend)
---EPS Annual 3.74
---June Qtr Profit = 1,016,237,000
---Growth % QoQ = 339.85
Numbers are not looking bad either.