Will United Motors pass 200 ??

vishnu · 1 Will United Motors pass 200 ?? Sat Sep 10, 2011 8:29 pm

vishnu

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Will UML cross 200 mark ???? Their financial numbers look quite good ?? Pls share your thoughts Exclamation

bePositive · 2 Re: Will United Motors pass 200 ?? Sun Sep 11, 2011 7:29 am

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definitely,all time high is 275, like COLO this is a well managed company and on an upward trend.

MY MONEY · 3 Re: Will United Motors pass 200 ?? Sun Sep 11, 2011 11:57 am

MY MONEY

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may be

Thushara Ayya · 4 Re: Will United Motors pass 200 ?? Sun Sep 11, 2011 1:43 pm

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I also think so...

thambi · 5 Re: Will United Motors pass 200 ?? Mon Sep 12, 2011 11:14 am

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looks like it will fundamentally strong share !!
ive noticed alot of collecting of this share in the last 2 trading days aswell

stocks hunter · 6 Re: Will United Motors pass 200 ?? Mon Sep 12, 2011 9:05 pm

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yes for sure. Take my word & l know it.

mark · 7 Re: Will United Motors pass 200 ?? Mon Sep 12, 2011 9:16 pm

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bePositive wrote:definitely,all time high is 275, like COLO this is a well managed company and on an upward trend.

all time high was before the split 1 to 2 they had,as i rmmbr the price was at 200-210 levels before the split date and the price was at 95-110 after the split......then this moved to 180-190 levels and came down to 130-140 levels gradually...now again going up,so as i see the current price may not sustain at these levels,there is a chance it to come down to 160-170 levels back again...

*United Motors is the sole distributor of Mitsubishi vehicles in the country with a market share of 36% of total Japanese brand new vehicle imports in Sri Lanka and 6% of total brand new vehicle registrations in the country in 2010. The company dominates the brand new segments for Japanese trucks, Sports Utility Vehicles (SUVs) and vans with a market share of 64%, 46% and 50% respectively. The company also distributes genuine Mitsubishi spare parts and has workshop facilities for repairs and lubrication services. In addition, they are engaged in distributing Valvoline lubricants and Eagle One car care products.

*United Motor’s joint venture company, TVS Lanka (Pvt) Ltd., imports and distributes TVS motor cycles and TVS three wheelers including spare parts.

*The group owns approximately 15.5 acres of freehold land inclusive of 1.75 acres of prime land in Colombo.

*UML’s fully owned subsidiary, Unimo Enterprises Ltd., also offers a range of products including import and sale of Perodua cars from Malaysia, JMC commercial vehicles from China, Yokohoma tyres from Japan and Apollo tyres from India. The company commenced assembly of the Zotye Nomad SUV with assembly kits imported from China.

stocks hunter · 8 Re: Will United Motors pass 200 ?? Mon Sep 12, 2011 9:26 pm

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Yes mark a stock will not go up like a rocket. There are ups & downs. But the long term trend for UML is up ward.

Why there are lots of reasons for that. One is that they produced decent 1Q profits as at 30/06/11. Secound is they will produce even good quality results for 2Q as at 30/09/11.

The other reasons u will find it later. Sometimes may be around couple of months.

bePositive · 9 Re: Will United Motors pass 200 ?? Tue Sep 13, 2011 8:59 am

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Despite the price going down to 90's after the split, it is still possible the price to move above 200 in the near future as I indicated in my previous post.