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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » ACCESS ENGINEERING PLC (AEL.N0000)

ACCESS ENGINEERING PLC (AEL.N0000)

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226ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Thu Nov 12, 2020 4:25 pm

RJ1010


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Access financials released today and no improvement seen. So how will share price go upto 30?
I hope investors don’t don’t crazy and just push prices up on future value assumptions.

Vishwanarth likes this post

227ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Thu Nov 12, 2020 5:37 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

RJ1010 wrote:Access financials released today and no improvement seen. So how will share price go upto 30?
I hope investors don’t don’t crazy and just push prices up on future value assumptions.

People are news panic now. Panic for negative news and positive news both. If One government agency or person cast a simple news for construction initiative, Access will go up. Even a rumor is enough. People don't need fair justification. Anyhow there will be projects for then. I dont understand why share price stagnating same 23-24 for long time.

228ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Thu Nov 12, 2020 6:53 pm

samaritan


Moderator
Moderator

Vishwanarth wrote:
RJ1010 wrote:Access financials released today and no improvement seen. So how will share price go upto 30?
I hope investors don’t don’t crazy and just push prices up on future value assumptions.

People are news panic now. Panic for negative news and  positive news both. If One government agency or person cast a simple news for construction initiative, Access will go up. Even a rumor is enough. People don't need fair justification. Anyhow there will be projects for then. I dont understand why share price stagnating same 23-24 for long time.
True. There have been delay in them receiving certain tenders connected to Port City and other projects. Once that news comes the price will appreciate. Also valuation of construction sector share is different to manufacturing and other sectors.

judecroos and DamithAsian like this post

229ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Fri Nov 13, 2020 9:14 am

Soilconomy


Senior Equity Analytic
Senior Equity Analytic

Didn't anyone see the cashflow of Access??Impressive..This will move to 30 in no time...

judecroos likes this post

230ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Fri Nov 13, 2020 10:26 am

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Soilconomy wrote:Didn't anyone see the cashflow of Access??Impressive..This will move to 30 in no time...
Yes impressive and I personally focusing on the future contracts they get and it will be a lot. Take my word they get the majority from the projects even from the Chinese contractors in the port city after the sanctions from USA.

231ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Fri Nov 13, 2020 10:50 am

IDK


Senior Equity Analytic
Senior Equity Analytic

not impressed...will be bearish unless really positive news from the budget

Vishwanarth likes this post

232ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sat Nov 14, 2020 1:23 pm

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics

Seems NDB has Sold its holding.

They purchased 24.6Mn + 18.3 Mn around 21.50.

http://www.ft.lk/front-page/NDB-Wealth-buys-more-into-Access-Engineering-foreign-investor-Tundra-exits/44-705213


Cant see them in Q2 Report.

https://cdn.cse.lk/cmt/upload_report_file/1141_1605173093404.pdf

233ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sat Nov 14, 2020 1:39 pm

Vishwanarth


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

There are many stocks with higher NAV, EPS, Div, Turnover, PBT. But prices are stagnating for years. They do not move up or down with ASPI. They need special news or events to breakthrough. EXPO, GLASS etc almost otherwise.

ADVENTUS likes this post

234ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty NDB Sun Nov 15, 2020 5:00 pm

Warren samarawickrama


Stock Analytic
Stock Analytic

High-flyer wrote:Seems NDB has Sold its holding.

They purchased 24.6Mn + 18.3 Mn around 21.50.

http://www.ft.lk/front-page/NDB-Wealth-buys-more-into-Access-Engineering-foreign-investor-Tundra-exits/44-705213


Cant see them in Q2 Report.

https://cdn.cse.lk/cmt/upload_report_file/1141_1605173093404.pdf
This was the fist impression for me as well, But see there is a new name in the list "Nanayakkara" Quantity nearly match to article. Looks like NDB may bought on behalf of a client/s. Correct me if i am wrong.
 
"NDB Wealth has stepped up buying into Access Engineering PLC on behalf of its clients on value"

235ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sun Nov 15, 2020 5:06 pm

Kipling


Expert
Expert

Yes I think you are right. Any information on this husband/wife team.

236ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sun Nov 15, 2020 5:16 pm

samaritan


Moderator
Moderator

Warren samarawickrama wrote:
High-flyer wrote:Seems NDB has Sold its holding.

They purchased 24.6Mn + 18.3 Mn around 21.50.

http://www.ft.lk/front-page/NDB-Wealth-buys-more-into-Access-Engineering-foreign-investor-Tundra-exits/44-705213


Cant see them in Q2 Report.

https://cdn.cse.lk/cmt/upload_report_file/1141_1605173093404.pdf
This was the fist impression for me as well, But see there is a new name in the list "Nanayakkara" Quantity nearly match to article. Looks like NDB may bought on behalf of a client/s. Correct me if i am wrong.
 
"NDB Wealth has stepped up buying into Access Engineering PLC on behalf of its clients on value"
NDB Wealth bought the bulk quantity on behalf of a client who is in the construction industry.

ADVENTUS likes this post

237ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sun Nov 15, 2020 5:37 pm

Kipling


Expert
Expert

Samaritan 
You means Mr/Mrs Nanayakkara who is now in top 5 right?

ADVENTUS likes this post

238ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sun Nov 15, 2020 5:50 pm

samaritan


Moderator
Moderator

Kipling wrote:Samaritan 
You means Mr/Mrs Nanayakkara who is now in top 5 right?
Yes.

239ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sun Nov 15, 2020 6:24 pm

High-flyer

High-flyer
Manager - Equity Analytics
Manager - Equity Analytics

samaritan wrote:
Warren samarawickrama wrote:
High-flyer wrote:Seems NDB has Sold its holding.

They purchased 24.6Mn + 18.3 Mn around 21.50.

http://www.ft.lk/front-page/NDB-Wealth-buys-more-into-Access-Engineering-foreign-investor-Tundra-exits/44-705213


Cant see them in Q2 Report.

https://cdn.cse.lk/cmt/upload_report_file/1141_1605173093404.pdf
This was the fist impression for me as well, But see there is a new name in the list "Nanayakkara" Quantity nearly match to article. Looks like NDB may bought on behalf of a client/s. Correct me if i am wrong.
 
"NDB Wealth has stepped up buying into Access Engineering PLC on behalf of its clients on value"
NDB Wealth bought the bulk quantity on behalf of a client who is in the construction industry.

As of 30 June,

J Gomez had 30Mn and Tundra had 18Mn that is total of 48Mn.

As of 30 Sep,

Mr & Mrs Nanayakkara has 36Mn. 


Hope balance 12Mn is still with some Institution. 12Mn into Retailer Investors is bit too much.

240ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Sun Nov 15, 2020 8:42 pm

samaritan


Moderator
Moderator

High-flyer wrote:
samaritan wrote:
Warren samarawickrama wrote:
High-flyer wrote:Seems NDB has Sold its holding.

They purchased 24.6Mn + 18.3 Mn around 21.50.

http://www.ft.lk/front-page/NDB-Wealth-buys-more-into-Access-Engineering-foreign-investor-Tundra-exits/44-705213


Cant see them in Q2 Report.

https://cdn.cse.lk/cmt/upload_report_file/1141_1605173093404.pdf
This was the fist impression for me as well, But see there is a new name in the list "Nanayakkara" Quantity nearly match to article. Looks like NDB may bought on behalf of a client/s. Correct me if i am wrong.
 
"NDB Wealth has stepped up buying into Access Engineering PLC on behalf of its clients on value"
NDB Wealth bought the bulk quantity on behalf of a client who is in the construction industry.

As of 30 June,

J Gomez had 30Mn and Tundra had 18Mn that is total of 48Mn.

As of 30 Sep,

Mr & Mrs Nanayakkara has 36Mn. 


Hope balance 12Mn is still with some Institution. 12Mn into Retailer Investors is bit too much.
Could be. Nanayakkara's (owners of a construction company) buying into AEL is similar to Hiran Cooray buying Keells Hotels shares. So, doesn't this convey a message? Food for thought!

judecroos likes this post

241ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Mon Nov 16, 2020 8:22 am

samaritan


Moderator
Moderator

samaritan wrote:
High-flyer wrote:
samaritan wrote:
Warren samarawickrama wrote:
High-flyer wrote:Seems NDB has Sold its holding.

They purchased 24.6Mn + 18.3 Mn around 21.50.

http://www.ft.lk/front-page/NDB-Wealth-buys-more-into-Access-Engineering-foreign-investor-Tundra-exits/44-705213


Cant see them in Q2 Report.

https://cdn.cse.lk/cmt/upload_report_file/1141_1605173093404.pdf
This was the fist impression for me as well, But see there is a new name in the list "Nanayakkara" Quantity nearly match to article. Looks like NDB may bought on behalf of a client/s. Correct me if i am wrong.
 
"NDB Wealth has stepped up buying into Access Engineering PLC on behalf of its clients on value"
NDB Wealth bought the bulk quantity on behalf of a client who is in the construction industry.

As of 30 June,

J Gomez had 30Mn and Tundra had 18Mn that is total of 48Mn.

As of 30 Sep,

Mr & Mrs Nanayakkara has 36Mn. 


Hope balance 12Mn is still with some Institution. 12Mn into Retailer Investors is bit too much.
Could be. Nanayakkara's (owners of a construction company) buying into AEL is similar to Hiran Cooray buying Keells Hotels shares. So, doesn't this convey a message? Food for thought!
What i meant here is that the buyers have better knowledge of the industry and may know what's in the pipeline for AEL which could brighten the future prospects of AEL.

Good Luck & Good Bye!

judecroos likes this post

242ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Mon Nov 16, 2020 2:02 pm

samaritan


Moderator
Moderator

BIA phase II development to kick off this month with Rs.107bn from Japan.
http://www.dailymirror.lk/business-news/BIA-phase-II-development-to-kick-off-this-month-with-Rs-107bn-from-Japan/273-199926


The govt's policy is to involve local contractors in construction projects. Possible benefit to AEL???

ADVENTUS and judecroos like this post

243ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Mon Nov 16, 2020 2:05 pm

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

samaritan wrote:BIA phase II development to kick off this month with Rs.107bn from Japan.
http://www.dailymirror.lk/business-news/BIA-phase-II-development-to-kick-off-this-month-with-Rs-107bn-from-Japan/273-199926


The govt's policy is to involve local contractors in construction projects. Possible benefit to AEL???
Definitely AEL should get the major part in that.

samaritan, Kipling, ADVENTUS and geesura like this post

244ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Mon Nov 16, 2020 7:05 pm

Soilconomy


Senior Equity Analytic
Senior Equity Analytic

judecroos wrote:
samaritan wrote:BIA phase II development to kick off this month with Rs.107bn from Japan.
http://www.dailymirror.lk/business-news/BIA-phase-II-development-to-kick-off-this-month-with-Rs-107bn-from-Japan/273-199926


The govt's policy is to involve local contractors in construction projects. Possible benefit to AEL???
Definitely AEL should get the major part in that.
Yes AEL have massive potential to go beyond 30 in short term....mark my words

samaritan, Kipling, ADVENTUS, judecroos, geesura and SANJAYANM like this post

245ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:02 am

samaritan


Moderator
Moderator

LKR 1tn allocated for 1000 community water supply projects.

Marine drive to be extended to Moratuwa.

50,000 km rural roads are to be developed.

10,000 rural bridges.

Construction of Expressways.

Develop 5 techno parks.

(source: softlogic stock brokers tweet)

Wish to emphasize that AEL is specialized in water supply projects and they are well positioned to secure this project and major portion of other projects as well.

No wonder Chairman of a well established construction company (who is into heavy construction works) purchased a significant quantity of AEL shares through NDB Wealth few months back.

I leave price forecasts to your imagination.

judecroos likes this post

246ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:29 am

Soilconomy


Senior Equity Analytic
Senior Equity Analytic

samaritan wrote:LKR 1tn allocated for 1000 community water supply projects.

Marine drive to be extended to Moratuwa.

50,000 km rural roads are to be developed.

10,000 rural bridges.

Construction of Expressways.

Develop 5 techno parks.

(source: softlogic stock brokers tweet)

Wish to emphasize that AEL is specialized in water supply projects and they are well positioned to secure this project and major portion of other projects as well.

No wonder Chairman of a well established construction company (who is into heavy construction works) purchased a significant quantity of AEL shares through NDB Wealth few months back.

I leave price forecasts to your imagination.
40++++

samaritan likes this post

247ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:34 am

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics


  • What Nimal Perera says be "patience " , not to hurry or positive panic.


Once you read last 10 years budget text if those were worked, SL should have gone over Singapore by now.
Budget is read but substance yet to come. Ex: Construction sector will be lead by whom, which companies, role of China,materials from China, Pakistan ??



Perhaps, fundamentals ,charts all those really decisive in countries like US,UK,AUS,JAP... 
But  countries in indian subcontinent needs something more. There may be critical Political, social factors as well especially in construction.



Last edited by DamithAsian on Wed Nov 18, 2020 10:41 am; edited 3 times in total

judecroos likes this post

248ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:35 am

subash81


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Do you think all these projects will come to AEL only as there are many other big companies

judecroos likes this post

249ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:39 am

kalyana1234


Equity Analytic
Equity Analytic

Do you think all these projects will come to AEL only as there are many other big companies


Exactly correct......  AEL never go up with in 4 month 

judecroos likes this post

250ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:40 am

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

subash81 wrote:Do you think all these projects will come to AEL only as there are many other big companies
Do you think all the Agri projects will come to RAL? saw ur post saying RAL 6+

251ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:40 am

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

subash81 wrote:Do you think all these projects will come to AEL only as there are many other big companies
No no  don't misunderstand he has explained that the ,majority part of the projects which is going or allocated to the local construction companies will get Access because of their quality work and capacity they are the only one with C3 grade.

geesura likes this post

252ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:42 am

judecroos


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

kalyana1234 wrote:Do you think all these projects will come to AEL only as there are many other big companies


Exactly correct......  AEL never go up with in 4 month 
No no  don't misunderstand he has explained that the ,majority part of the projects which is going or allocated to the local construction companies will get Access because of their quality work and capacity they are the only one with C3 grade. Smile Smile Smile

253ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:43 am

DamithAsian


Manager - Equity Analytics
Manager - Equity Analytics

judecroos wrote:
subash81 wrote:Do you think all these projects will come to AEL only as there are many other big companies
No no  don't misunderstand he has explained that the ,majority part of the projects which is going or allocated to the local construction companies will get Access because of their quality work and capacity they are the only one with C3 grade.
AEL has good communication with policymaking authority??

judecroos likes this post

254ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:44 am

geesura

geesura
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

judecroos wrote:
subash81 wrote:Do you think all these projects will come to AEL only as there are many other big companies
No no  don't misunderstand he has explained that the ,majority part of the projects which is going or allocated to the local construction companies will get Access because of their quality work and capacity they are the only one with C3 grade.
I need to add one thing "government connections" with access engineering. as u you all know AEL didn't get paid for the projects they completed during YAHAPALAN ERA these will be corrected under this government as they got healthy connections

judecroos and DamithAsian like this post

255ACCESS ENGINEERING PLC (AEL.N0000) - Page 10 Empty Re: ACCESS ENGINEERING PLC (AEL.N0000) Wed Nov 18, 2020 10:44 am

samaritan


Moderator
Moderator

subash81 wrote:Do you think all these projects will come to AEL only as there are many other big companies
Certain projects requires specialization which is the strength of AEL. Furthermore, they are poised to secure substantial proportion of other projects as well.

The Chairman of a private construction company (highest graded contractor for dredging & reclamation works and was also involved in Colombo Katunayake expressway  project) is the fifth largest shareholder of AEL. Food for thought!

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