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» IOC Sri Lanka unit December quarter loss widens to Rs987mn
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Mon Jan 21, 2019 7:18 pm by nihal123

» Obituary Notice.
Mon Jan 21, 2019 7:14 am by කිත්සිරි ද සිල්වා

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Blessing in Disguise!! It's high time Brothers!!

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Blessing in Disguise!! It's high time Brothers!!

Post by serene on Wed Jan 09, 2019 7:49 am

Guys is it only me thinking that there would be no any better time like this to analyse and pick shares which were beaten to the floor.
Shares like SAMP really struggling to absorb foriegn selling even with excellent Ratios and growth prospects. Year end results and Feb dividends might change the fortunes.

Even in a dull market Shares like AAIC given handsome profits with a sustainable run.

Shares like HUNA gave us another kind of a return through pending acquisition.

Shares like HASU UAL might explode again after already yielding handsome profits.Might be implode as well.Who knows??

Chicken run about to start but the Index stifle the momentum.

Loads of dividends will be paid by March.
Year end results of Banks and other companies might give some impetus.

It's time to bump old threads and have a constructive discussion.

Hope all the experts who are active and inactive will contribute more for the betterment of fellow investors.
bounce
Cheers!!

serene
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Re: Blessing in Disguise!! It's high time Brothers!!

Post by smallville on Wed Jan 09, 2019 8:35 am

SAMP is considered a GEM in banking sector. However, For banking & FI sector, there's news that DRL (Debt Repayment Levy) would be introduced with 2018 Budget in aid of paying heavy debt repayments amounting to Rs. 7000 billion during upcoming three years including 2019.
This levy is effective from Oct 2018 but will not effect post Dec 2021 as per the legal provisions of the new Finance Act No.35. As per the budget speech 0.02% to be collected of all cash transactions effect from April 2018. This is supposed to be a direct tax which shud not be passed to the consumers but we all know where it ended up.
For example from last year COMB has started charging 10/- for each withdrawal thru counter below 100K.. So even if you take 20000, it will be 20010 (that's 0.05%).

This DRL is charged at 7% on the value additions by the institute. Shud be paid each month 20th. The first such for Oct 2018 shud be paid by 20 Nov 2018. Since the new budget is yet to come, I think the announcement has not been made yet. But surely it would come effecting back dates as well. So going forward, this sector will have VAT, NBT & DRL charged at different rates.

_________________
I take risks as a Trader and I select stocks based on Tech and daily Cash in/out. Therefore, my methods may not suit u.. so DYO analysis before making any decisions.
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Re: Blessing in Disguise!! It's high time Brothers!!

Post by Expert on Thu Jan 10, 2019 5:59 am

Thanks guys!
Quite informative.
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Re: Blessing in Disguise!! It's high time Brothers!!

Post by serene on Sun Jan 13, 2019 11:35 am

Now HUNA done and Dusted...
Its time to find next such..
Bitter truth is Hard to expect generally better returns with prevailing market conditions..
It's time for us to find the share which come out of the woods..
Having such a share within our portfolio is always nice and motivate us to be touch with the market no matter what

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