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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Fundamentally Strong shares

Fundamentally Strong shares

Go down  Message [Page 1 of 1]

1Fundamentally Strong shares Empty Fundamentally Strong shares Fri Feb 11, 2011 7:28 pm

koolbird


Stock Trader
Hey, Can u guys mention some fundamentally sound shares that has strong potential.
I'm hoping to buy some shares and I need a some help to pick a share. I think this would help for new comers tooooo..............( As a small investor hope u guys help & I prefer small shares as I'm a small guy.........) Smile Smile Smile

2Fundamentally Strong shares Empty New Comer Fri Feb 11, 2011 7:44 pm

milanka

milanka
Vice President - Equity Analytics
Vice President - Equity Analytics
Since you are a new comer you have to be very careful in selection else you could burn your fingers.

Presently most of the counters are releasing the 3Q results and the prices are at peak . Also you could try the several IPO's this year. Currently Union bank is accepting subscription. Read the discussion on Union bank in a another thread under this forum.

http://forum.srilankaequity.com/u188

3Fundamentally Strong shares Empty hi Fri Feb 11, 2011 7:48 pm

nal 78


Equity Analytic
Equity Analytic
1.carson group is good (YOU SHOLD BUY AND KEEP -ITS A LIFE TIME INVESTMENT)
BUKI ,CARS, buy from odd lots
CINV GUAR-ceylon guardian from nomal lot or odd lots

2. banks most of the banks are good
samp ,comb non voting ( cheap and you can get divident same as nomal share)HnB non voting,NTB and pan asia

3. hotels
AHUN ,RHTL do not buy KHL it is too mach liquid huge amount of shares

3.plantations
kegall ,ELPL

3.ceylon tobacco ceylon lubricans

4.holding s
HHL spen cthr ,



Last edited by nal 78 on Fri Feb 11, 2011 7:51 pm; edited 1 time in total (Reason for editing : ADD)

4Fundamentally Strong shares Empty RICH Fri Feb 11, 2011 7:56 pm

nal 78


Equity Analytic
Equity Analytic
I SHOUD ADD- RICH-any one can buy that blue chip

5Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 8:06 pm

wis


Manager - Equity Analytics
Manager - Equity Analytics
I think it's not that good to think CARS, BUKI are so awesome from how they acted today. I remember there were times when it comes pretty hard to find buyers and the price dip down. It's like those illiquid shares you see that go up 20% one day and 20% down days later but not that extreme.

6Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 8:28 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
Ah, I believe an open invitation to hawk some of the shares each of us owns. But I will resist the temptation. This market situation is not suitable for beginners. I suggest you stick to IPOs still April.

7Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 8:29 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics
@milanka wrote:Since you are a new comer you have to be very careful in selection else you could burn your fingers.

Presently most of the counters are releasing the 3Q results and the prices are at peak . Also you could try the several IPO's this year. Currently Union bank is accepting subscription. Read the discussion on Union bank in a another thread under this forum.

Oopps, should have read, milanka's post more carefuly. In my previous post I am essentially repeating what he said. Sorry.

8Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 8:30 pm

koolbird


Stock Trader
Thankzz for d replys guys.
But I must say I'm not a new comer to this thing but I would say lack f knowledge to analyze could be the case. I entered to the market in 2008 august( in d last crisis tym) & started with a Rs.5000( as a student) knowing nothing abt market behavior. But with a decent adviser I was able to grow it to few lakzz as I was into few rallys. All these investments I've done were short term & 3 months would be d max. But whole this time I depended on my broker & it was his advice to buy while I only do the selling when I felt time is right.
So now I'm feeling like I should do study in ma own & get into d business although I know nothing abt commerce stream. Hope u guys can help me with that. Now What I'm thinking is from where can I start.............???
Also after 2 yrs experience I think "I should move into long term investing" & it's better.
well I've added RICH already into my portfolio. And carsons group shares are way too expensive to me.

9Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 8:33 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@nal 78 wrote:1.carson group is good (YOU SHOLD BUY AND KEEP -ITS A LIFE TIME INVESTMENT)
BUKI ,CARS, buy from odd lots
CINV GUAR-ceylon guardian from nomal lot or odd lots

2. banks most of the banks are good
samp ,comb non voting ( cheap and you can get divident same as nomal share)HnB non voting,NTB and pan asia

3. hotels
AHUN ,RHTL do not buy KHL it is too mach liquid huge amount of shares

3.plantations
kegall ,ELPL

3.ceylon tobacco ceylon lubricans

4.holding s
HHL spen cthr ,





Nal7 kiyana shares hemin hemin ihalata enawa. Seyon, DrJV, smallville kiyapu vidihata CINV, Bank and Finance shares tikak aran dala thiyenawanan dan tika tika green wenawa.

10Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 9:06 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
It is not possible to ignore JKH. COMB and JKH are also considered fundamentally strong.

11Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 9:17 pm

koolbird


Stock Trader
What about CDB,KAPI & CWM for current prices

12Fundamentally Strong shares Empty NEST Fri Feb 11, 2011 9:24 pm

NightStalker


Senior Equity Analytic
Senior Equity Analytic
Hey what about Nestle? They do give good Dividends. Also NDB, isn't that the bank with the lowest PBV?

13Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 9:33 pm

ShareShares


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@koolbird wrote:What about CDB,KAPI & CWM for current prices

Thank you

CDB,SMLL,KAPI,CWN ,NEST NDB as well.

14Fundamentally Strong shares Empty Re: Fundamentally Strong shares Fri Feb 11, 2011 9:42 pm

seyon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@koolbird wrote:What about CDB,KAPI & CWM for current prices

Hi Koolbird

I have not analyzed CDB and CWM but those are fundamental. I thought to buy CDB when it was 50 level. but i could not... I have don the analysis on KAPI... It will help you to do the further analysis on KAPI

KAPI's New projects

1. Purchasing of Northern Power Company Private Limited, a 40MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula

2. KAPI’s subsidiary CML-MTD Construction (Pvt.) Ltd. Has received the contract to undertake many road and bridge construction projects across the nation.
3. Provide total solution for hydropower power plants in Sri Lanka one-stop-shop concept for mini hydropower companies in the country. In partnership with the world’s largest hydropower company, the Andritz Group.
4. Received contracts for the Southern Highway and other major highways and roads throughout the island.

5. KAPI won the bid to construct Colombo- Katunayake expressway
6. Expand and consolidate its subsidiaries of Walkers Piling and Walkers Engineering by installing two new piling machines worth Rs. 200 million, that has been ordered and two more are in the pipeline in expectation of the construction boom.


Before Rights Issue

Equity --------------------- Rs.347,740,238

No of Shares ------------- 5,717,857

NAV Per Share ---------- Rs.60.80 ( Business Value Per Share)

Total Attributable Value to Equity Shareholder ------------ Rs.143,719,884

No of Shares ------------- 5,717,857

NAV Per Share ---------- Rs. 25.13 ( Value /Share to Equity Shareholder)

Total Group Earnings --------- Rs.(15,840,615)

EPS/ Share ------------- Rs. (Rs.2.77)


The Right Issue

Right issue 19:1 @ 33

Total Share issued on Rights ----------------- 108,639,283

Total Proceeds From Rights ----------------- Rs. 3,585,096,339.00

NAV/ Share After Rights

Equity ----------------------------------------------- Rs.347,740,238

Total Proceeds From Rights ----------------- Rs. 3,585,096,339

Total -----------------------------------------------Rs. 3,932,836,577

Total No of Shares After Rights-------------- 114,357,140

NAV Per Share ---------- Rs.34.40 ( Business Value Per Share)

Total Attributable Value to Equity Shareholder ------------ Rs. 143,719,884

Total Proceeds From Rights ----------------- --------------------Rs. 3,585,096,339

Total ----------------------------------------------- -------------------- Rs. 3,728,816,223

Total No of Shares After Rights----------------------------------- 114,357,140

NAV Per Share ---------- Rs. 32.60 ( Value /Share to Equity Shareholder)


EPS / Share After Rights

Total Group Earnings --------- ---------------------------------- Rs.(15,840,615)

Total No of Shares After Rights----------------------------------- 114,357,140

EPS/ Share ------------- Rs. (Rs.0.14)



Now I come to your gearing issues.

Total borrowing of Group ( As per Sep 2010)

Interest Bearing loans---------------------------------- Rs. 707,045,353

Non Interest Bearing loans--------------------------- Rs. 848,278,262

Overdraft ------------------------------------------------ Rs.226,647,954

Total Borrowings --------------------------------------- Rs.1,781,971,569

Total Interest Expenses.-----------------------------------Rs 67,051,237

The Purpose of right Issue

The purpose for which the proceeds of the issue are to be utilized

1. To capitalize loans received for the acquisition of companies previously

2. To acquire Northern Power Company (Pvt) Ltd

3. To Finance Working Capital of the company

http://www.cse.lk/cmt/uploadAnnounceFiles/9961288151500_444.pdf

The proceeds of this Rights Issue will be used for the 100% purchase of Northern Power Company Private Limited, a 30MW HFO power plant located in Chunnakam, Jaffna, as the largest provider of electricity to the Jaffna Peninsula. The balance of the Rights Issue proceeds will be used for capital expenditure and working capital requirements of the MTD Group of Companies.

http://srilankastockpicks.blogspot.com/2010/12/mtd-walkers-plc-announce-rights-issue.html

We do not know about the numbers of the loans received for the acquisition of companies previously and the amount required to acquire Northern Power Company (Pvt) Ltd. However I would say major part of the loan will be settled from the right issue. Hence Finance cost amounts Rs.67Mn will be reduced and this would strengthen the bottom line. This scenario will highlight only on 4th quarter results.

Let us workout the utilization of right issue

Total Proceeds From Rights ----------------- --------------------Rs. 3,585,096,339

Interest Bearing loans---------------------------------- ------------- Rs. 707,045,353 1st Preference to settle

Overdraft -------------------------------------------------------------- Rs.226,647,954 2nd Preference

Non Interest Bearing loans--------------------------- -------------- Rs. 848,278,262

(This loan may be obtained from parent company, there should be flexibility for the repayment)

Hence the amounts of Rs.2Bn (after settlement of interest bearing loans and OD) will be utilized for the acquisition of Northern Power Company (Pvt) Ltd , other investment opportunities and working capital requirement.

We can see the restructured and sound balance sheet from the 4th quarter. Further income generate from new projects ( mentioned in previous ) also will contribute to strengthen the company performance and value…

Keep on Investing in growth sectors……

Happy Trading

15Fundamentally Strong shares Empty Re: Fundamentally Strong shares Sat Feb 12, 2011 10:58 am

koolbird


Stock Trader
oh thankzzz seyon
I'll try to study it carefully & gain sth out f it.
thankzz again 4 d kind help...........!!!!!

16Fundamentally Strong shares Empty Re: Fundamentally Strong shares Sat Feb 12, 2011 11:23 am

Fresher


Moderator
Moderator
thank you seyon.
I will go through it in detail in some time

17Fundamentally Strong shares Empty Re: Fundamentally Strong shares Sat Feb 12, 2011 8:37 pm

rahula


Equity Analytic
Equity Analytic
@tubal wrote:Ah, I believe an open invitation to hawk some of the shares each of us owns. But I will resist the temptation. This market situation is not suitable for beginners. I suggest you stick to IPOs still April.

I also agree with tubal. you may keep the money until the mkt drop. Dnt put the hand to Hot water. u bub when others sell. u sell when others buy. so wait until others sell continuously. you can earn smartly from IPOs. until then study about shares.

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