Is today the last day of trading VONE?

Academic wrote:

In the last hour of today's trading VONE sellers showed a panic behavior, just like this is the last day of trading VONE? To me this is an indication of lack of confidence in the market. What do you think?

Academic wrote:

In the last hour of today's trading VONE sellers showed a panic behavior, just like this is the last day of trading VONE? To me this is an indication of lack of confidence in the market. What do you think?

Academic wrote:

This causes VONE to further go down as market declines. Remember that pure holding company is more or less a unit trust which is valued at book value!

mono wrote:

Academic wrote:

To be simple let's consider a holding company which has subsidiaries that all are listed (fair-value). Mathematically, value of the holding company should be around summation of each subsidiary's proportional ownership (precisely, the holding company worth lesser than the proportional summation due to conglomeration discount).

Since VONE has newly acquired subsidiaries/investments, fair value of VONE should be around its book value, that is 23-25. Further, if VONE has acquired subsidiaries during last "bubble" period (in fact they did), if market continue to go down, fair-value of subsidiaries/investments may go down permanently resulting goodwill impairments as I explain in http://forum.srilankaequity.com/t5059-vallibel-one-analysis . This causes VONE to further go down as market declines. Remember that pure holding company is more or less a unit trust which is valued at book value!

technically they should be less than book value.

smallville wrote:My thinking is; the companies that are under VONE umbrella are high performance companies.. Look at th revenues of LFIN, SAMP, RCL.. for the last financial year.. Holder of these companies really should be shining on its value, the share value when these are doing well..
But the question is; market has taken a beating.. All these companies have gone down drastically just becuz the market sentiments are not in favour not becuz they've shown poor performance..
Now its nail biting time till the market outlook shows bullishness.. This is like a dead cat bounce time to time..

mono wrote:

smallville wrote:My thinking is; the companies that are under VONE umbrella are high performance companies.. Look at th revenues of LFIN, SAMP, RCL.. for the last financial year.. Holder of these companies really should be shining on its value, the share value when these are doing well..
But the question is; market has taken a beating.. All these companies have gone down drastically just becuz the market sentiments are not in favour not becuz they've shown poor performance..
Now its nail biting time till the market outlook shows bullishness.. This is like a dead cat bounce time to time..

the thing is if you want to buy LFIN, RCL, SAMP you buy those companies. They're fairly liquid companies, i don't see much point in investing in those companies vicariously.

rocksan wrote:

mono wrote:

smallville wrote:My thinking is; the companies that are under VONE umbrella are high performance companies.. Look at th revenues of LFIN, SAMP, RCL.. for the last financial year.. Holder of these companies really should be shining on its value, the share value when these are doing well..
But the question is; market has taken a beating.. All these companies have gone down drastically just becuz the market sentiments are not in favour not becuz they've shown poor performance..
Now its nail biting time till the market outlook shows bullishness.. This is like a dead cat bounce time to time..

the thing is if you want to buy LFIN, RCL, SAMP you buy those companies. They're fairly liquid companies, i don't see much point in investing in those companies vicariously.

Anyway SAMP is not under VONE - Dammika Perera is one of the directors in Sampath Bank board that's it

Academic wrote:

rocksan wrote:

mono wrote:

smallville wrote:My thinking is; the companies that are under VONE umbrella are high performance companies.. Look at th revenues of LFIN, SAMP, RCL.. for the last financial year.. Holder of these companies really should be shining on its value, the share value when these are doing well..
But the question is; market has taken a beating.. All these companies have gone down drastically just becuz the market sentiments are not in favour not becuz they've shown poor performance..
Now its nail biting time till the market outlook shows bullishness.. This is like a dead cat bounce time to time..

the thing is if you want to buy LFIN, RCL, SAMP you buy those companies. They're fairly liquid companies, i don't see much point in investing in those companies vicariously.

Anyway SAMP is not under VONE - Dammika Perera is one of the directors in Sampath Bank board that's it

VONE has 14.99% of SAMP. See VONE prospectus p.24. Cost of per share investment in SAMP, after adjusting for script dividend, is Rs 294.75 (based on pp.104-105). Which is now trading at 236. VONE has 22,917,200 shares of SAMP as per the prospectus (before script dividends).

The unrealized loss from this investment at the moment is 1,377,288,473.78 (=22917200/43.39*44.39*236-6910395270). That is 20% loss on investment.

mono wrote:

Academic wrote:

rocksan wrote:

mono wrote:

smallville wrote:My thinking is; the companies that are under VONE umbrella are high performance companies.. Look at th revenues of LFIN, SAMP, RCL.. for the last financial year.. Holder of these companies really should be shining on its value, the share value when these are doing well..
But the question is; market has taken a beating.. All these companies have gone down drastically just becuz the market sentiments are not in favour not becuz they've shown poor performance..
Now its nail biting time till the market outlook shows bullishness.. This is like a dead cat bounce time to time..

the thing is if you want to buy LFIN, RCL, SAMP you buy those companies. They're fairly liquid companies, i don't see much point in investing in those companies vicariously.

Anyway SAMP is not under VONE - Dammika Perera is one of the directors in Sampath Bank board that's it

VONE has 14.99% of SAMP. See VONE prospectus p.24. Cost of per share investment in SAMP, after adjusting for script dividend, is Rs 294.75 (based on pp.104-105). Which is now trading at 236. VONE has 22,917,200 shares of SAMP as per the prospectus (before script dividends).

The unrealized loss from this investment at the moment is 1,377,288,473.78 (=22917200/43.39*44.39*236-6910395270). That is 20% loss on investment.

didn't dammika simply trasfer his SAMP shares into VONE. i can remember this cross. it crossed at 300 when the share price was 260ish.

salt wrote:

Academic wrote:

In the last hour of today's trading VONE sellers showed a panic behavior, just like this is the last day of trading VONE? To me this is an indication of lack of confidence in the market. What do you think?

Agreed. Though VONE has regained , it was fake and manulpulated rally, which can not sustain on its own. Further, it alone can not raise the market confidence which has been quite negative in the recent past.

sanjee wrote:

salt wrote:

Academic wrote:

In the last hour of today's trading VONE sellers showed a panic behavior, just like this is the last day of trading VONE? To me this is an indication of lack of confidence in the market. What do you think?

Agreed. Though VONE has regained , it was fake and manulpulated rally, which can not sustain on its own. Further, it alone can not raise the market confidence which has been quite negative in the recent past.

if vone is fake and manipulated what can you say about current price of SHL?

VONE pp & ipo is same.
SHL pp 140 m @ 7.20 & ipo 140 m shares @ 29...

anyway if vone fell below 30 i will definitely buy..

Academic wrote:

sanjee wrote:

salt wrote:

Academic wrote:

In the last hour of today's trading VONE sellers showed a panic behavior, just like this is the last day of trading VONE? To me this is an indication of lack of confidence in the market. What do you think?

Agreed. Though VONE has regained , it was fake and manulpulated rally, which can not sustain on its own. Further, it alone can not raise the market confidence which has been quite negative in the recent past.

if vone is fake and manipulated what can you say about current price of SHL?

VONE pp & ipo is same.
SHL pp 140 m @ 7.20 & ipo 140 m shares @ 29...

anyway if vone fell below 30 i will definitely buy..

If you are not an experienced trader, it is better not to enter this just because it is trading below 30. Round figures like 30, 40, 100, etc. do not have any value in determining fair-value of a share. Even I do not see why ASI should bounce back at round figures like 6700, 6500, etc., IMHO.

Academic wrote:

sanjee wrote:

salt wrote:

Academic wrote:

In the last hour of today's trading VONE sellers showed a panic behavior, just like this is the last day of trading VONE? To me this is an indication of lack of confidence in the market. What do you think?

Agreed. Though VONE has regained , it was fake and manulpulated rally, which can not sustain on its own. Further, it alone can not raise the market confidence which has been quite negative in the recent past.

if vone is fake and manipulated what can you say about current price of SHL?

VONE pp & ipo is same.
SHL pp 140 m @ 7.20 & ipo 140 m shares @ 29...


anyway if vone fell below 30 i will definitely buy..

If you are not an experienced trader, it is better not to enter this just because it is trading below 30. Round figures like 30, 40, 100, etc. do not have any value in determining fair-value of a share. Even I do not see why ASI should bounce back at round figures like 6700, 6500, etc., IMHO.