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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

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1BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Fri Mar 25, 2011 1:54 pm

higanakolla


Stock Analytic
Stock Analytic
I bought BLUE.N0000 @ 4.00 and BLUE.X0000 @ 2.00 when last Quarter results out.
Today BLUE.N0000 is trading @ 3.2-3.1 and BLUE.X0000 is @ 1.7-1.6
What can I do now?

I bought those because of this
Quarter ended 31st December 2010 Profit/(Loss) before tax -1,744
Quarter ended 31st December 2009 Profit/(Loss) before tax -(8,591)
Difference(Growth) -120%

Can I expect some profits for this quarter?

higanakolla


Stock Analytic
Stock Analytic
can i expect a SIRA kind of a rally from BLUE?

ndnk

ndnk
Manager - Equity Analytics
Manager - Equity Analytics
If u can remember a price band was also imposed on BLUE,,,,so for that increase, profit o loss was the reason? No,, it is just speculation.. Even highly profitable companies's S/P come down,,,,,, its all about how the investor perceive the value of the share....

SL.Market

SL.Market
Vice President - Equity Analytics
Vice President - Equity Analytics
@ndnk wrote:If u can remember a price band was also imposed on BLUE,,,,so for that increase, profit o loss was the reason? No,, it is just speculation.. Even highly profitable companies's S/P come down,,,,,, its all about how the investor perceive the value of the share....
I

I feel 3-3.2 is best to collect blue.N... and 1.6-1.7 for X and surely you will get the prfit soon......

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Guys, BLUE is not a share to hold but a share to trade. It has wild swings, you need to catch the swing low and sell the swing high. Unfortunately the original poster seems to have caught a swing high. But don't worry, it will get there again sooner or later but when it does make sure you sell your stuff.

banarahu

banarahu
Manager - Equity Analytics
Manager - Equity Analytics
Two weeks before I asked from my broker and he said blue its going loss and wait for now... any one know about the company situation at the moment... Rolling Eyes

TelesHope

TelesHope
Senior Equity Analytic
Senior Equity Analytic
I am not sure about the fundamentals (if any????) of BLUE...but it is a speculative counter...Nobody should marry with it.....It is not a counter for people with weak hearts Embarassed

You can make money from BLUE, if you are a merciless vulture with a right entry/exit strategy Rolling Eyes Rolling Eyes Rolling Eyes

tkc

tkc
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
http://www.cse.lk/cmt/upload_report_file/663_1305872339.pdf

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
In what way the record GOLD prices would have affected BLUE?
I thought it's good for the business. Or is it the other way around?

10BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Fri May 20, 2011 7:58 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
WoW just had a look at the top 20 shareholder list.
Top share holder has 5 %. 100% public holding.

Wonder how they appoint a director. The election must be so close

11BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Fri May 20, 2011 8:05 pm

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Quartet net loss is Rs3.75 million and annual net loss is Rs12.08 million. The mega rally we have seen may be due to excellent result. Evil or Very Mad

12BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Fri May 20, 2011 8:22 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
brings another question.
How can we value a counter with negative EPS ?? or is it mere speculation?

13BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Fri May 20, 2011 9:17 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Usual pattern isn't it, I am looking forward to the LGL result. Evil or Very Mad

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

14BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Fri May 20, 2011 11:50 pm

Chabbi

Chabbi
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result. Evil or Very Mad

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.

@ Tubal im too thinking tht LGL wud be hav massive results with current price trend ... Last few weeks it was struggled @ 43- 45 but today it reach 47 + too

Further LGL mkt was operated smoothly last few months Smile so i think wud be able to have impressive results Smile Wt u think wt wud be maximum price wud reach befor & aftr result Smile

Cheerz

15BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 3:58 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result. Evil or Very Mad

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.


Tubal LGL is in the Diri Savi board. As they reported result last quarter they don;t have to release result in March.

16BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 6:54 am

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@slstock wrote:
@tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result. Evil or Very Mad

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.


Tubal LGL is in the Diri Savi board. As they reported result last quarter they don;t have to release result in March.

Sigh, that's too bad. I was really looking forward to it., Well in that case I guess what's coming up will be a split announcement

17BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 5:53 pm

FXX

FXX
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
since you guys are talking about LGL here is it a good share to hold for sometime or sell it at the current 47 range

18BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 7:54 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@FXX wrote:since you guys are talking about LGL here is it a good share to hold for sometime or sell it at the current 47 range

I sold all my LGL.X which I bought at an average cost of 30 yesterday. If short selling was available and if LGL goes up again on monday, I will be going short!

19BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 8:43 pm

ronstyn


Equity Analytic
Equity Analytic
@tubal wrote:
@slstock wrote:
@tubal wrote:Usual pattern isn't it, I am looking forward to the LGL result. Evil or Very Mad

In last year's annual report the auditors refused to provide an opinion on the financials! wonder what they will say this year. BLUE is in the same category as ALUF and BINN, the only difference is that since BLUE is liquid there are some trading opportunities for those who like high risk high return.


Tubal LGL is in the Diri Savi board. As they reported result last quarter they don;t have to release result in March.

Sigh, that's too bad. I was really looking forward to it., Well in that case I guess what's coming up will be a split announcement


Since their financial year ends 31st March they will have to report even though they are in Diri Savi board.

20BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 9:25 pm

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@xhora wrote:brings another question.
How can we value a counter with negative EPS ?? or is it mere speculation?

Even with a negative EPS, you still can analyze the trend over last few quaters. If the trend is that the company has been able to report less and less losses over the past few quaters then we can expect it to start recording profit sooner than later. The companies may usually report losses at the early stages of thier business or due to some aggressive expansion of their business but in the long run, such losses will disappear.

Also there are other ways to value companies other than using EPS. The method involving market capitalization is one example.

If we can identify companies currently making small or tiny losses but expected to turn into profit making ventures soon, these will give great investment opportunities as such companies usually trade with a discount to their real value.

All above comments are not specifically related to Blue but in general.

21BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Sat May 21, 2011 11:27 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Thanks StocksWatch

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics
A strategic investor to buy Blue Diamonds at Rs.7 per share?

In the light of strong gold prices and Jewellery prices in the world, Sri Lanka’s only Diamond exporter The Blue Diamonds Jewellery Worldwide PLC's (BLUE) controlling stake is going to be acquired by an investor at Rs.7 per share.It was earlier reported that Blue Diamonds is eyed by an Indian Investor according to market sources.

The Lanka Business News reliably learns from market sources that the recent interest for Blue Diamonds shares (BLUE) by investors in Colombo Stock Exchange was rallied in the midst of the new investor eyeing to buy a majority stake in the company. Company’s major shareholder to date is Ceylinco Insurance PLC having 4.6% stake whilst the other related Ceylinco entities have another 3.8% as at 31 December 2010.

After facing challenging years of operation from 2008 to 2009, in the latter part of 2010 The Blue Diamonds Jewellery Worldwide PLC raised Rs.300 million in a rights issue at a time company’s traditional buyers had cancelled orders and some others had reduced order quantities.

It was informed to Blue Diamonds shareholders in last annual report that even the largest buyer of Blue Diamonds Jewellery who covers most of the Middle East region experienced major difficulties in their business with the United Arab Emirates stock exchange authorities having to re-shuffle the entire board of directors of Damas LLC, Dubai and appoint new member for the board. Damas LLC has to settle still a sum of Rs.14 million to Blue Diamonds as at 31 March 2010 whilst A.G.I. (Singapore) Ltd.has to settle Rs.21.8 million for sales as at same date.

However the lately published quarterly results of Blue Diamonds Jewellery Worldwide PLC outline that company has reported a positive net profit of Rs.1.74 million in quarter ended 31 December 2010 compared to a loss of Rs.8.5 million in the same quarter of 2009. Consequently company’s Earnings Per Share (EPS) had also reached positive 1 cents from a loss of 10 cents reported in 2009 as result of increased turnover from Rs.9.5 million in 2009 to Rs.15.6 million as at end of December 2010. Company net asset value per share had also shot up from Rs.1.47 to Rs.2.14.

Link: http://lankabusinessnews.com/11.06.June/027.BD.html

23BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Thu Jun 09, 2011 8:45 am

cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
BLUE reported a loss again in 4Q11, of -Rs 3.8 m (but lower than -Rs 7.6 m loss a year ago). FY11 results still negative at -Rs 12.1 m (vs -Rs 20.1 m in FY10). Other income contributed Rs 3.1 m & Rs 9.3 m to quarter and year results.

BLUE FY10 accounts were heavily qualified, and auditors KPMG did not offer an opinion. There is lots of litigation too pending - read annual report.

CINS have been selling down their stake in BLUE during the past year.

No controlling shareholder fact may attract some to BLUE, but this is not a shell company (like GREG was at point of takeover by Lionhart) as labour force and operation exists.

Investors be aware of facts and be careful.

24BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Thu Jun 09, 2011 9:28 am

hunter

hunter
Moderator
Moderator
@cse.alpha wrote:BLUE reported a loss again in 4Q11, of -Rs 3.8 m (but lower than -Rs 7.6 m loss a year ago). FY11 results still negative at -Rs 12.1 m (vs -Rs 20.1 m in FY10). Other income contributed Rs 3.1 m & Rs 9.3 m to quarter and year results.

BLUE FY10 accounts were heavily qualified, and auditors KPMG did not offer an opinion. There is lots of litigation too pending - read annual report.

CINS have been selling down their stake in BLUE during the past year.

No controlling shareholder fact may attract some to BLUE, but this is not a shell company (like GREG was at point of takeover by Lionhart) as labour force and operation exists.

Investors be aware of facts and be careful.

Good opinion: worth +rep

25BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Empty Re: BLUE DIAMONDS JEWELLERY WORLDWIDE PLC Thu Jun 09, 2011 9:55 am

wiser

wiser
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dear Friends,
Don't burn your finger. This can be even touch 8/- but all these manupulation by Brokers. Be careful. Try to see fundamental and invest for mid to long term. Short cuts cut your long cut.

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