The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» HNB regrets unauthorized incident at branch and says action taken
Yesterday at 11:26 pm by Expert

» Sri Lanka's ex-Sports minister admits sleaze
Yesterday at 6:28 pm by sashimaal

» Dividend Announcement
Yesterday at 6:04 pm by Ethical Trader

» Theory of Everything
Yesterday at 3:33 pm by Ethical Trader

» In the Meantime, Within Our Shores !
Yesterday at 9:14 am by කිත්සිරි ද සිල්වා

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Thu May 24, 2018 3:43 am by Jana1

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Wed May 23, 2018 7:34 pm by sashimaal

» ඊ.ටි.අයි ෆිනෑන්ස් විකිණිමට මහ බැංකුවේ අවසරය
Tue May 22, 2018 9:43 pm by Ethical Trader

» Elsewhere vs SL : Honesty, Social responsibility , Word twisting and Decency
Tue May 22, 2018 8:53 pm by Yin-Yang

» Whats ailing Sri Lanka ? Why we are what we are!
Tue May 22, 2018 6:02 pm by Yin-Yang

» Karl Marx and the Social Sciences
Sun May 20, 2018 11:25 pm by Backstage

» Your Face Is Now in a Database
Sun May 20, 2018 10:47 am by කිත්සිරි ද සිල්වා

» ජපානය: තත්පර විසිපහකට පෙර දුම්රිය පිටත් වූවාට 'සමාවෙන්න'
Fri May 18, 2018 10:10 pm by Ethical Trader

» Sri Lanka still good for global equity investors
Tue May 15, 2018 6:42 pm by Ethical Trader

» Thilak Karunaratne No More at SEC – Mangala Confirms
Tue May 15, 2018 12:48 pm by Ethical Trader

» Cartoon of the day...
Tue May 15, 2018 12:38 pm by Ethical Trader

» How to Mismanage a World
Tue May 15, 2018 12:31 pm by කිත්සිරි ද සිල්වා

» How the British Learnt to Speak Sinhala
Tue May 15, 2018 1:10 am by slstock

» රත්‍රං ආනයන සීඝ්‍රයෙන් ඉහළට – වෙළෙඳ හිඟය තවදුරටත් පුළුල් වෙයි
Mon May 14, 2018 5:53 pm by Ethical Trader

» ඇඟලුම් අපනයන ආදායම – ඇමරිකාවෙන් පහළට යුරෝපයෙන් ඉහළට
Mon May 14, 2018 5:52 pm by Ethical Trader

» බැඳුම්කර විදෙස් ආයෝජන ඉවතට – පෙබරවාරියේ දී ඩොලර් මිලියන 55 ක ශුද්ධ ගෙවීමක්
Mon May 14, 2018 5:51 pm by Ethical Trader

» Flying is the Safest mode of Transport
Mon May 14, 2018 5:49 pm by Ethical Trader

» Student presents thesis in underwear !
Mon May 14, 2018 5:38 pm by Ethical Trader

» රුපියල බේරගන්න ඩොලර් මිලියන 100 කින් මහ බැංකුව මැදිහත් වෙයි
Mon May 14, 2018 1:00 pm by slstock

» Hello and CSE ?
Mon May 14, 2018 12:17 pm by slstock

» LIOC.N0000 (Lanka IOC PLC)
Mon May 14, 2018 11:51 am by CK

» රටේ දේශපාලන ස්ථාවරත්වය ගැන මහ බැංකු අධිපතිගේ මතය මෙන්න
Sat May 12, 2018 12:18 pm by nihal123

» Sri Lanka rupee close flat after US$136mn interventions,stocks steady
Fri May 11, 2018 7:21 pm by The Invisible

» Sri Lanka's rupee showings signs of stabilizing: Central Bank
Fri May 11, 2018 7:17 pm by The Invisible

» Sri Lanka's central bank caught between peg and a hard place
Fri May 11, 2018 7:15 pm by The Invisible

» Sri Lanka to re-price fuel every two months on formula
Fri May 11, 2018 7:11 pm by The Invisible

» ඩොලර් රුපියල් සටන
Fri May 11, 2018 5:39 pm by Ethical Trader

» Age is just a number
Fri May 11, 2018 2:38 pm by කිත්සිරි ද සිල්වා

» Citizen Police Action
Fri May 11, 2018 8:33 am by කිත්සිරි ද සිල්වා

» In every five minutes
Wed May 09, 2018 8:00 pm by spw19721

» ASIY.N0000 (ASIA SIYAKA COMMODITIES PLC)
Wed May 09, 2018 8:06 am by yellow knife

» Sri Lanka's Sampath Bank March 2018 quarter net profit up 41.4-pct
Fri May 04, 2018 8:15 pm by The Invisible

» Sri Lanka rupee gains from intervention, stocks down 0.26-pct
Fri May 04, 2018 8:11 pm by The Invisible

» Help CSE to catch manipulators!
Fri May 04, 2018 5:21 pm by Ethical Trader

» Yahapalanaya in action.
Fri May 04, 2018 4:54 pm by Ethical Trader

» COMB, HNB, SAMP, SEYB, PABC, UBC, NTB, DFCC & NDB
Fri May 04, 2018 11:47 am by The Invisible

» ජනාධිපති කාර්ය මණ්ඩල ප්‍රධානියා අල්ලස් දැලේ
Fri May 04, 2018 6:02 am by Ethical Trader

» Sri Lanka rupee gains after intervention, stocks marginally up
Thu May 03, 2018 10:12 pm by The Invisible

» Sri Lanka's glyphosate ban cost Rs35bn in crop losses: farm managers
Thu May 03, 2018 10:10 pm by The Invisible

» මූල්‍ය නොවන රාජ්‍ය ආයතනවල නොපියවූ ණය රු. බිලියන 844 ඉක්මවයි
Thu May 03, 2018 2:52 pm by Rana

» අර්ථසාධකේ ආයෝජන ආදායම 15% කින් වැඩිවෙද්දී ලාභාංශ ආදායම 30% කින් අඩුවෙලා
Thu May 03, 2018 2:48 pm by slstock

» Sri Lanka political uncertainty seen undermining investor confidence: Fitch
Thu May 03, 2018 12:33 pm by Ethical Trader

» ලෝක ශ්‍රේණිගත කිරීම්වල ශ‍්‍රී ලංකා පිල ඇෆ්ගනිස්තානයටත් වඩා පහලට ඇද වැටේ..!
Thu May 03, 2018 9:22 am by කිත්සිරි ද සිල්වා

» Food and Beverages
Thu May 03, 2018 8:14 am by yellow knife

» Obituary Notice.
Tue May 01, 2018 9:47 am by Backstage

May 2018
SunMonTueWedThuFriSat
  12345
6789101112
13141516171819
20212223242526
2728293031  

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

CAL Research - JKH - Sell

Go down

CAL Research - JKH - Sell

Post by Sriranga on Fri Nov 07, 2014 2:23 pm

[You must be registered and logged in to see this link.]

[You must be registered and logged in to see this link.]

_________________
"Investing is easy to learn, but it takes a lifetime to master."
avatar
Sriranga
Veteran
Veteran

Posts : 3226
Join date : 2014-02-23
Location : Colombo

http://sharemarket-srilanka.blogspot.co.uk/

Back to top Go down

Re: CAL Research - JKH - Sell

Post by sashimaal on Fri Nov 07, 2014 4:41 pm

Thanks RB for sharing, +
avatar
sashimaal
Top contributor
Top contributor

Posts : 5601
Join date : 2014-02-28

Back to top Go down

Re: CAL Research - JKH - Sell

Post by sashimaal on Fri Nov 07, 2014 4:47 pm

Is this for Blackrock to collect?

I agree currently it's on premium. But they seem to be slowly getting out of trouble. As at now, with the current ASI level, I think it can go to a max of Rs 270-280. This includes a liquidity premium.
avatar
sashimaal
Top contributor
Top contributor

Posts : 5601
Join date : 2014-02-28

Back to top Go down

Re: CAL Research - JKH - Sell

Post by serene on Fri Nov 07, 2014 4:47 pm

Thanks Reds. SELL karanna kiyala kiyanne..

serene
Top contributor
Top contributor

Posts : 3576
Join date : 2014-02-26

Back to top Go down

Re: CAL Research - JKH - Sell

Post by slstock on Fri Nov 07, 2014 4:51 pm

I salute CAL for being bold enough to call a sell at this bull stage ( rarely people will do that).

But unless there is massive catastrophe ( like news that casino is cancelled in addition to part of their project plans ) or a market crash I don't think JKH will fall to Rs 192 again in near future.

We also see constant collection on JKH by foreign party. So if the bull remain ( seems it would) the chances of JKH going up is higher than falling to 192 in near future.

I am saying this with logic I can see, but CAL may know something I don't . They are a company with lot "heads" and extrenal info. I am me ( 1 person) with no such info.

On fundamental JKH looks overvalued but JKH is JKH.

_________________
Never listen to anyone including myself without your own study. Only few truly genuine people exist in this world.
Please read : [You must be registered and logged in to see this link.]
---------

If someone finds an Avatar of me in cyberspace commenting and you are unsure, Keep asking deeper questions until you are satisfied to distinguish between the Real and the Avatar. The real answers questions directly and deeply [You must be registered and logged in to see this image.]

---------
avatar
slstock
Veteran
Veteran

Posts : 5160
Join date : 2014-06-12

Back to top Go down

Re: CAL Research - JKH - Sell

Post by marusira on Fri Nov 07, 2014 9:42 pm

ෆෝරිනර්ස්ලට පිස්සුද කොහෙද 192ක් වටිනා එක 257ට ගන්න Shocked
නැත්තන් කැප්ටන්ට පිස්සුද කොහෙද janus ලාගෙන් 250ට ගන්න Shocked
නැත්තන් අපිට පිස්සුද මේ කියන එක(192කේ කතාව )විස්වාස කරන්න Shocked
දැන් කාටද පිස්සු? Question

marusira

Posts : 123
Join date : 2014-02-23

Back to top Go down

Re: CAL Research - JKH - Sell

Post by sashimaal on Fri Nov 07, 2014 9:52 pm

marusira wrote:ෆෝරිනර්ස්ලට පිස්සුද කොහෙද 192ක් වටිනා එක 257ට ගන්න Shocked
නැත්තන් කැප්ටන්ට පිස්සුද කොහෙද janus ලාගෙන් 250ට ගන්න  Shocked
නැත්තන් අපිට පිස්සුද මේ කියන එක(192කේ කතාව )විස්වාස කරන්න  Shocked
දැන් කාටද පිස්සු? Question

Maru kathawa Marusiya Smile , +
avatar
sashimaal
Top contributor
Top contributor

Posts : 5601
Join date : 2014-02-28

Back to top Go down

Re: CAL Research - JKH - Sell

Post by hariesha on Fri Nov 07, 2014 10:27 pm

CAL's reports are good and accurate.

But not with JKH and LLUB. For both they had sell recommendations for a considerable time now. But both went against them.


hariesha
Top contributor
Top contributor

Posts : 909
Join date : 2014-04-09

Back to top Go down

Re: CAL Research - JKH - Sell

Post by First Guy on Sat Nov 08, 2014 7:26 am

Few points/questions

* Recurrent P/E calculation is wrong in the 1st page. It is correct in pg 5 Appendix 3
* Are these WACC numbers justifiable?, just asking.
* Why is recurrent EPS dropping in FY15E ? just because of interest income?
* Interest bearing debt seems lower than reported.
* Why is Equity dropping in FY15E ? Rs. 4 bil drop from 1H15 forecasted


Last edited by First Guy on Sat Nov 08, 2014 9:04 am; edited 1 time in total
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: CAL Research - JKH - Sell

Post by Ethical Trader on Sat Nov 08, 2014 9:01 am

slstock wrote:I salute CAL for being bold enough to call a sell at this bull stage ( rarely people will do that).

But unless there is massive catastrophe ( like news that casino is cancelled in addition to part of their project plans )  or a market crash  I don't think JKH will  fall to Rs 192 again in near future.
 
We also see constant collection on JKH by foreign party.  So if the bull remain ( seems it would) the chances of JKH going up is higher than  falling to 192 in near future.

I am saying this with logic  I can see, but CAL may know something I don't . They are a company with lot "heads"  and extrenal info.   I am me ( 1 person) with no such info.

On fundamental JKH looks overvalued but JKH is JKH.
May be this "sell" recommendation is due to uncertainity created by election feaver + warrant conversion date nearing?
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3680
Join date : 2014-02-28

Back to top Go down

Re: CAL Research - JKH - Sell

Post by First Guy on Sat Nov 08, 2014 9:05 am

Ethical Trader wrote:
slstock wrote:I salute CAL for being bold enough to call a sell at this bull stage ( rarely people will do that).

But unless there is massive catastrophe ( like news that casino is cancelled in addition to part of their project plans )  or a market crash  I don't think JKH will  fall to Rs 192 again in near future.
 
We also see constant collection on JKH by foreign party.  So if the bull remain ( seems it would) the chances of JKH going up is higher than  falling to 192 in near future.

I am saying this with logic  I can see, but CAL may know something I don't . They are a company with lot "heads"  and extrenal info.   I am me ( 1 person) with no such info.

On fundamental JKH looks overvalued but JKH is JKH.
May be this "sell" recommendation is due to uncertainity created by election feaver + warrant conversion date nearing?

There is almost an year for the first set of warrants to be converted, isn't it?
avatar
First Guy

Posts : 2533
Join date : 2014-02-22

Back to top Go down

Re: CAL Research - JKH - Sell

Post by Ethical Trader on Sat Nov 08, 2014 9:11 am

First Guy wrote:
Ethical Trader wrote:
slstock wrote:I salute CAL for being bold enough to call a sell at this bull stage ( rarely people will do that).

But unless there is massive catastrophe ( like news that casino is cancelled in addition to part of their project plans )  or a market crash  I don't think JKH will  fall to Rs 192 again in near future.
 
We also see constant collection on JKH by foreign party.  So if the bull remain ( seems it would) the chances of JKH going up is higher than  falling to 192 in near future.

I am saying this with logic  I can see, but CAL may know something I don't . They are a company with lot "heads"  and extrenal info.   I am me ( 1 person) with no such info.

On fundamental JKH looks overvalued but JKH is JKH.
May be this "sell" recommendation is due to uncertainity created by election feaver + warrant conversion date nearing?

There is almost an year for the first set of warrants to be converted, isn't it?

True, but the space available for play narraws each day and also I think this recommendation is not for value investors but for speculaters and short term traders. Actually they should have elaborated on this aspect as each person has a different strategy.
avatar
Ethical Trader
Top contributor
Top contributor

Posts : 3680
Join date : 2014-02-28

Back to top Go down

Re: CAL Research - JKH - Sell

Post by sapumal on Sat Nov 08, 2014 4:00 pm

hariesha wrote:CAL's reports are good and accurate.

But not with JKH and LLUB. For both they had sell recommendations for a considerable time now. But both went against them.  

I am not commenting about the recommendation. But we should respect CALs effort. They constantly express what they believe without considering public opinion.

sapumal

Posts : 272
Join date : 2014-09-10

Back to top Go down

Re: CAL Research - JKH - Sell

Post by sashimaal on Sat Nov 08, 2014 6:49 pm

The same person who wrote the report said in Feb 2012 that the IR project has a + Rs 92 on concept value and a + Rs 53 based on volatility upside.

See below link:

[You must be registered and logged in to see this link.]

Yes, situation has changed...but...

If him or his Team Members sees this: you are welcome to reply.
avatar
sashimaal
Top contributor
Top contributor

Posts : 5601
Join date : 2014-02-28

Back to top Go down

Re: CAL Research - JKH - Sell

Post by puliyanam on Mon Nov 10, 2014 7:56 am

CAL got a few of its recommendations dead wrong. LLUB was one of them...I think they will be proved wrong on JKH too...

I look at it this way.. We need some sellers to buy JKH....It will probably come from CAL clients.. Some (possibly CAL clients) sold LLUB at 270 levels late last year till march this year thinking it will drop to 215.....well the rest is history
avatar
puliyanam
Top contributor
Top contributor

Posts : 347
Join date : 2014-02-28

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum