Is today the last day of trading VONE?

Academic · 1 Is today the last day of trading VONE? Mon Jul 18, 2011 2:34 pm

Academic

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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?

nahor · 2 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 3:20 pm

nahor

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yeah, pretty worried with VONE behaviour. there was so much talk about it performing well, but ..................... SFS took a beating as well.

mono · 3 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 3:27 pm

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@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?

The market is very weak at these levels. I highly doubt it will hold.

salt · 4 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 3:33 pm

salt

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@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.

Last edited by salt on Mon Jul 18, 2011 4:28 pm; edited 1 time in total

a_randy · 5 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 4:10 pm

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GO UP GO UP
VONE & SHL

Academic · 6 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 5:16 pm

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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!

mono · 7 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 5:25 pm

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@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!

technically they should be less than book value.

Academic · 8 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 5:30 pm

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@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.

Yes.

smallville · 9 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 6:16 pm

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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 · 10 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 6:25 pm

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@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 · 11 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 7:16 pm

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@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

player · 12 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 7:25 pm

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bcoz of this shit VONE,my LFIN stagnant in 170 levels,if no VONE,defa LFIN at least will reach 175 Sad

every push will have to exercise its pull back eventually,....
Ex-CDIC,SINI,CSF,PALM...etc
BLUE and many more are on the cards

Academic · 13 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 8:41 pm

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@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 · 14 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 8:43 pm

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@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.

Academic · 15 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 8:54 pm

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@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.

Yes. That is why the prospectus says the cost of investment is 6,910,395,270. That is per share cost is 301.5 (1.5 may be the transaction cost).

sanjee · 16 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 9:19 am

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@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 · 17 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 1:52 pm

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@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.

mono · 18 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 1:55 pm

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@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.

we like round figures. so you generally see alot of action around such numbers.

Academic · 19 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 2:02 pm

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Psycho! A pair of shoes marked as 999.99 is cheaper than 1000. confused

sanjee · 20 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 7:45 pm

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@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.

what i meant that it is worth to buy @ below 30 , not just because a round figure..anyway you cant exactly value a share something like like 29.75 etc; so you need to have a some figure in your mind.

so can you exactly tell me the real value of the VONE ?? is it 25.25 0r 25.50 0r 29.25 Embarassed

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Is today the last day of trading VONE?

1 Is today the last day of trading VONE? Mon Jul 18, 2011 2:34 pm

Academic

2 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 3:20 pm

nahor

3 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 3:27 pm

mono

4 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 3:33 pm

salt

5 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 4:10 pm

a_randy

6 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 5:16 pm

Academic

7 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 5:25 pm

mono

8 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 5:30 pm

Academic

9 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 6:16 pm

smallville

10 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 6:25 pm

mono

11 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 7:16 pm

rocksan

12 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 7:25 pm

player

13 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 8:41 pm

Academic

14 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 8:43 pm

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15 Re: Is today the last day of trading VONE? Mon Jul 18, 2011 8:54 pm

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16 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 9:19 am

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17 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 1:52 pm

Academic

18 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 1:55 pm

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19 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 2:02 pm

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20 Re: Is today the last day of trading VONE? Tue Jul 19, 2011 7:45 pm

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21 Re: Is today the last day of trading VONE?

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