ACCESS ENGINEERING PLC (AEL.N0000)

vikey wrote:What’s the reason, it’s going down?

Sanju121 wrote:

vikey wrote:What’s the reason, it’s going down?

What goes up must come down if the value is not realistic...and manipulative.

vikey wrote:

Sanju121 wrote:

vikey wrote:What’s the reason, it’s going down?

What goes up must come down if the value is not realistic...and manipulative.

Good to sell? Or hold?

samaritan wrote:What's preventing the rapid rise of AEL share price is the large quantity of floating shares and the lack of holding power of those who are holding them. So, the mopping up operation is underway by HNWIs & Institutions who know its potential and who have the holding power as well. This will not take long and the share price should touch 40 in 6 months time or earlier than that.

judecroos wrote:

samaritan wrote:What's preventing the rapid rise of AEL share price is the large quantity of floating shares and the lack of holding power of those who are holding them. So, the mopping up operation is underway by HNWIs & Institutions who know its potential and who have the holding power as well. This will not take long and the share price should touch 40 in 6 months time or earlier than that.

you are absolutely correct. this share should move at least 35 in a very short time as this company's capacity to grab the projects. Tomorrow definitely will clear 26 level. Am I correct? :D :) :) :)

samaritan wrote:AEL is certain to play a prominent key role in the development revolution envisaged by the President.
Once the floating shares are absorbed AEL share price will reach dizzy heights for sure!

judecroos wrote:

samaritan wrote:AEL is certain to play a prominent key role in the development revolution envisaged by the President.
Once the floating shares are absorbed AEL share price will reach dizzy heights for sure!

yes you are right. Anyway have you an idea of a target price during this month?? heard that it could reach above 28 is it possible??

High-flyer wrote:[ltr]Ruwanpura Expressway project tenders within two weeks[/ltr]




"The Cabinet of Ministers approved a proposal presented by the Minister of Highways to proceed with the expressway constructions using funds of local banks and the services of local construction companies."


The Morning.

samaritan wrote:Sri Lankan Prime Minister Mahinda Rajapaksa calls for the construction of a multi-billion-USD Port City project to be accelerated, saying it is a landmark in the island country and will be the main income generator for the future. Rajapaksa has inspected the Colombo Port City construction site in the heart of capital Colombo to mark the sixth anniversary since the project. Launched in 2014, it was jointly developed by the Sri Lankan government and China's CHEC Port City Colombo (Pvt) Ltd. The prime minister says he hopes that the project would be completed soon, so that it would be a major economic boost for the island country."
(source: Xinhuanet)

Unquote: AEL has enormous opportunity of playing a lead role in the construction activities in the Port City in addition to other projects throughout the island.

DailyFT wrote:Access gets Rs. 9.37 b contract for 400-unit housing project in Borella - The Cabinet of Ministers on Monday approved the proposal presented by Minister of Urban Development and Housing on the recommendation of the Cabinet appointed standing procurement committee to award Access Engineering PLC the contract to build a new housing scheme in Borella for Rs. 9.37 billion (without tax).

The Elliot Place Housing Project with 400 housing units by the Urban Development Authority is for middle income earners in the public and private sectors. 

The Government said the project did not proceed as planned due to financial problems in the company that awarded the contract for the design, construction and financing of the project and the contract was terminated. 

National competitive bidding was called for the completion of the remaining work of this priority project and Access was selected for the work.