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Banks, finance com.. and JKH

4 posters

Go down  Message [Page 1 of 1]

1Banks, finance com.. and JKH Empty Banks, finance com.. and JKH Fri Jul 28, 2023 3:17 am

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Last bull run led by EXPO, LOLC related company and tile ceramic sector and lately by LIOC. This time it has to be Banks Finance and JKH. IF banks report good earnings this and next quarter , falling interest rates will activate the real bull market. Relaxation of vehicle import will help finance companies by end of the year and casino operation ,tourism, ports all good news yet to come for JKH...and.last of all ...FORTUNE FEVER THE BRAVE.

2Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Sat Jul 29, 2023 2:35 am

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

By buying a single company at dirt cheap when others are selling I got an opportunity to get exposure to banking(one Major shareholder of DFCC,COMB) food,hotels and diversified sector.Apart from their core business, they also do  portfolio management. One thing volatility  cannot be ruled out for any sector. 

3Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Sat Jul 29, 2023 8:14 am

Amarapala


Stock Analytic
Stock Analytic

Hi ResearchMan, can you please share the name of the company? Thanks

4Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Sat Jul 29, 2023 12:50 pm

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ResearchMan wrote:
By buying a single company at dirt cheap when others are selling I got an opportunity to get exposure to banking(one Major shareholder of DFCC,COMB) food,hotels and diversified sector.Apart from their core business, they also do  portfolio management. One thing volatility  cannot be ruled out for any sector. 

Melstar is a Star, High taxes and excise duty is a concern.

ResearchMan likes this post

5Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Sat Jul 29, 2023 2:58 pm

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

Amarapala wrote:Hi ResearchMan, can you please share the name of the company? Thanks
Infact. It is a hotel. RCH(Renuka Hotel). Liquidity is low. After estimating its real value and seeing rock balance sheet I didn’t hesitate to take  positions gradually  when others are selling. It made a loss during last quarter.  Resuls of June quarter also may be not as good as corresponding period 30/06/22(30.87). However, right now and going forward  they are in a better position thanks to portfolio gain, high interest income and tourism. Who knows we may get another opportunity to buy at low levels.  

https://www.ft.lk/front-page/Renuka-Hotels-sells-1-35-Aitken-Spence-stake-for-Rs-825-m/44-739356
 
The stake amounting to 5.48 million shares was done at Rs. 150 each. Overall Aitken Spence saw 6.36 million of its shares change hands via 343 trades for Rs. 950 million. It closed up Rs. 18.25 or 14% to Rs. 148.75. Spence made the biggest contribution (33 points) to the upward movement of the All Share Price Index which shot up by 206 points or 2.3%. The deal also accounted for the highest turnover.

God Father and Amarapala like this post

6Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Sat Jul 29, 2023 7:01 pm

Amarapala


Stock Analytic
Stock Analytic

Thank you very much ResearchMan for the detailed reply and insights provided

7Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Wed Aug 02, 2023 1:59 pm

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Ubc quarter result shows some positive direction for banks in this quarter.

8Banks, finance com.. and JKH Empty Re: Banks, finance com.. and JKH Mon Aug 07, 2023 1:36 pm

celtic tiger


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

PABC conformed the earnings for banks and JKH run con..even with poor earnings.

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