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SPEN.N0000

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Re: SPEN.N0000

Post by umadhuranga on Mon Sep 28, 2015 12:41 pm

Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.

Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?

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Re: SPEN.N0000

Post by yellow knife on Mon Sep 28, 2015 12:47 pm

Dont catch a falling knife...wait until the knife is fallen then pick..

Spen.N is a good share. But when the market trend is not supportive better to wait for signals of a direction then start to buy when it has reached the nadir and then slowly start up to pick..

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Re: SPEN.N0000

Post by slstock on Mon Sep 28, 2015 12:49 pm

Welcome madhuranga


SPEN :
Well these prices are certainly very attractive for SPEN. But am a bit concerned how dull and lethargic the company or their investment have become in last couple of years. So for long term , I think this maybe a good time to get into , but I would evaluate HJ/SPEN activites every 1 year or so to keep longer term.
It they get too boring, ( or show no earning improvement) there maybe better shares in the sector.
Example : VONE ( except for the Ravi K issue which I think will be solved sooner than later)

To buy/enter SPEN, best to wait till the dust settles .



umadhuranga wrote:Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.

Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?

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Re: SPEN.N0000

Post by The Alchemist on Mon Sep 28, 2015 1:26 pm

umadhuranga wrote:Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.

Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?

Interestingly, all the stocks you have mentioned (except for maybe OSEA) are held in large qty's by CINV & GUAR. Those shares are trading at approx 35-40 % discount to their Market Value and are Investment Trusts.

SPENS - Last 3-4 years (post split), earnings have stayed flat and actually declined and stock price has been in the 95-120 range. NAV is Rs 85. P/E currently could be 12-15 times. left to be seen weather next 3-4 years will witness any growth or remain the same. Their Core sectors - Hotels / Tourism, Ports & Shipping etc have fair potential.
In the future, DIST / MELSTACORP plans may impact SPENS too.

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Re: SPEN.N0000

Post by slstock on Mon Sep 28, 2015 1:34 pm

Alchem,

Have you studied CINV/GUAR history? They do occasionally go for right issues?

Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)


The Alchemist wrote:
umadhuranga wrote:Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.

Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?

Interestingly, all the stocks you have mentioned (except for maybe OSEA) are held in large qty's by CINV & GUAR. Those shares are trading at approx 35-40 % discount to their Market Value and are Investment Trusts.

SPENS - Last 3-4 years (post split), earnings have stayed flat and actually declined and stock price has been in the 95-120 range. NAV is Rs 85. P/E currently could be 12-15 times. left to be seen weather next 3-4 years will witness any growth or remain the same. Their Core sectors - Hotels / Tourism, Ports & Shipping etc have fair potential.
In the future, DIST / MELSTACORP plans may impact SPENS too.


Last edited by slstock on Mon Sep 28, 2015 2:48 pm; edited 1 time in total

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Re: SPEN.N0000

Post by umadhuranga on Mon Sep 28, 2015 1:56 pm

My portfolio may resemble a one from very cautious old school unit trust manager's book.. Very Happy

Actually my thinking is more biased towards stability, as i'm building a retirement support plan. Dividends were also given a prominent place when deciding my pf. But, dear alchemist, what do you think about the growth potential of my picks? very happy to get a comment for my very first post in a forum from you and SLS.

( The 'new Buffetology' is a book i fancied some time back, which illustrates long term investing. Even though I don't have the exact statistical proof, i perceive the above shares as having a durable competitive advantage in our market.  - I will be happy to share a PDF, if anyone is interested and if it's not against any forum rules.)

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Re: SPEN.N0000

Post by yellow knife on Mon Sep 28, 2015 2:05 pm

slstock wrote:Alchem,

Have you studied CINV/GUAR history? They do occasionally go for right issues?

Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)


SLS

You are an admin and let me play the role of Librarian..
Being the librarian I like to keep the books in relevant shelves for anyone to easily refer.
If anyone search for

XYZ.NOOOO you would get whole lot of share discussions relevant to that particular code.

What ever you post in that thread please be kind enough limit only that for respective share under discussion..

Now I being the librarian here I am saying " Sh Sh...please keep the silent environment of the library.. If you want to talk about anything else please move into Chit Chat or Chill out"

If we keeps the threads under ............. N.0000 clean then it will be very easy in future to retrieve

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Re: SPEN.N0000

Post by slstock on Mon Sep 28, 2015 2:13 pm

Point taken. However,

1) Alchem rasied CINV/GUAR first as it was related to the question asked by Maduranga. Did you see that ?
2) I replied to add depth. I already commented on SPEN directly.
This was not to talk about other shares in depth than SPEN .

3) No thread can be restricted to state only one share as obviously discussion can go a bit broader.
When it looks like going totally out of control , we intervene.

However I respect what you raised ( though not fair to point finger only on direction) .
As I too have asked the same from others, I should practice what I preach.

I answered Madurnags question on SPEN, so will not comment any further.


yellow knife wrote:
slstock wrote:Alchem,

Have you studied CINV/GUAR history? They do occasionally go for right issues?

Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)


SLS

You are an admin and let me play the role of Librarian..
Being the librarian I like to keep the books in relevant shelves for anyone to easily refer.
If anyone search for

XYZ.NOOOO you would get whole lot of share discussions relevant to that particular code.

What ever you post in that thread please be kind enough limit only that for respective share under discussion..

Now I being the librarian here I am saying " Sh Sh...please keep the silent environment of the library.. If you want to talk about anything else please move into Chit Chat or Chill out"

If we keeps the threads under ............. N.0000 clean then it will be very easy in future to retrieve

_________________
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.]

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slstock
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Re: SPEN.N0000

Post by The Alchemist on Mon Sep 28, 2015 2:34 pm

slstock wrote:Alchem,

Have you studied CINV/GUAR history? They do occasionally go for right issues?

Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)

Re CINV & GUAR, I have been following these 2 shares since year 2000. in that time, their share capital was 1-3 million shares (and prices were Rs 30 & 60). during 2000-2005, they had many rights (attractive prices) + Bonus issues and issued shares increased shares to 16-18 Million. then they did a Repurchase of shares in 2009 Oct at Rs 179 & 359. When the shares hit Rs. 500 /Rs. 1500, they split it 1 : 5

These shares reached highest post split price on 15th Feb 2011 (Rs 195, Rs 450).  

Prices are attractive in that they trade at 35-40 % discount to NAV Market Portfolio. However as they are Investment Trusts, they are out of favour in these bearish market conditions. Sometimes, their stock price decline ratio is much more than the actual value of the decline of their portfolio / NAV.  Furthermore, they have a large exposure to BUKI, and with Palm Oil prices down + Currency mess, we cannot expect much in the short term.

Medium Term Fundamentals are intact & attractive.

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Re: SPEN.N0000

Post by yellow knife on Thu Nov 05, 2015 4:42 pm

Aitken Spence to acquire 59% of Fiji Ports Corporation LTd together with Fiji National Provident Fund.

Aitken Spence holding of Fiji Ports Corporation Ltd will be 20% and Aitken Spence will invest FJD 34.6 Million



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Re: SPEN.N0000

Post by yellow knife on Thu Nov 05, 2015 4:43 pm

Fiji Ports corporation Ltd's annual report is worth studying and the CEO is one Mr Vajira Piyasena


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Re: SPEN.N0000

Post by nihal123 on Mon Sep 12, 2016 10:25 pm

SPEN going down. why ?
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Re: SPEN.N0000

Post by spw19721 on Sun Jun 18, 2017 4:22 pm

Thought Its time to look at this share again.This has been drastically beaten down from 134 to 55. currently trading between 67-70...
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Re: SPEN.N0000

Post by spw19721 on Sun Jun 18, 2017 4:25 pm

Net income has been increased ...[You must be registered and logged in to see this image.][You must be registered and logged in to see this image.]" />

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Re: SPEN.N0000

Post by spw19721 on Sun Jun 18, 2017 4:32 pm

Assets and debt chart...[You must be registered and logged in to see this image.][You must be registered and logged in to see this image.]" />

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Re: SPEN.N0000

Post by spw19721 on Sun Jun 18, 2017 4:38 pm

By looking at the surface , I think this will be another hidden Gem. But dont know about hidden plus & minus . Sls, Yk , Alchem & all the experts... This is your arena . please educate us..Thanks.

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Re: SPEN.N0000

Post by nihal123 on Sun Jun 18, 2017 7:47 pm

Thanks spw

Keep it up
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Re: SPEN.N0000

Post by Backstage on Mon Jun 19, 2017 11:01 am

A very good time to examine Spence. If Spence gets the East Terminal, I am jumping in. If Harry gets Srilankan Airlines , it will be interesting to see how all this will effect MELS. Thanks YK & SP
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Re: SPEN.N0000

Post by spw19721 on Tue Jun 20, 2017 12:09 pm

Thanks back.. Didnt know about eastern terminal deal..

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Re: SPEN.N0000

Post by slstock on Tue Jun 20, 2017 12:41 pm

spw,

You have identified/started talking about a good share.  
YK also has given good details in the past. If next quarter SPEN gives better than average earning, this will be good share for investment .

So if Harry J wants money for Sri lankan air ( if deal goes through) , where will it come from? SPEN, MEL or loans or right?

Thing also needs to be looked deeper.

ps: Not motivate to put lot of time/detail to the forum now.
So will stop with the shorter comment and will let other comment on SPEN .

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Re: SPEN.N0000

Post by Future123 on Tue Jun 20, 2017 3:37 pm

Would purchasing of Sri Lankan Air Lines affect the profits of SPEN as Sri Lankan Air Lines is a loss making entity? Any idea?

It also depends on how long it may take SPEN to turnaround Sri Lankan airlines.

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