LDEV - Lankem Developments

[The Invisible]

Lankem Developments shows nice growth pattern with good volumes. 2.3Mn shared changed hands during the last three days between 4.50 - 5.20. Still the demand is there.
My gut feeling is that LDEV is about to make a serious move. The daily technical charts too showing a strong momentum.

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[Senarath67]

The Invisible,With the increased prices and volumes during 4th Q compared to 3Q we might probably see a profitable quarter .What is your opinion on the price movement starting from Jan 2019? Are you positive on upward movement?Thanks in advance.

[spw19721Active Member]

Trading at 52 weeks low.Will it go deeper ?

[PANTOMATH]

The Invisible,With the increased prices and volumes during 4th Q compared to 3Q we might probably see a profitable quarter .What is your opinion on the price movement starting from Jan 2019? Are you positive on upward movement?Thanks in advance.

Last quarter YoY revenue growth is zero.I expect a revenue decline in December quarter compared to last quarter because of dropping tea prices.

For investors my call is avoid.

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[PANTOMATH]

For traders,
Look at the bigger trend of LDEV,It's in a big down trend.
4-4.10 has a minor support and if ASI become green there is a possibility of a mini run,but do not expect a big wave.
A bad quarter can take LDEV to 2.80-2.90 in a worse conditions.

Players should keep in mind that after the right issue number of shares of LDEV has doubled and pushing it up need double effort than last year.

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[EBHRAHIMCANADA]

Tnaks pantomath
Agreed

[pure equity]

Thanks pantomath

[ruwan326]

Many investors in CSE take unbelievable chances.....
Is it manipulators or the retailers or both is a big question........ Lets see how it goes for LDEV in coming days

[ruwan326]

Many investors in CSE take unbelievable chances.....
Is it manipulators or the retailers or both is a big question........ Lets see how it goes for LDEV in coming days

Touched 4.70
2.6 Mn so far today

[NEWER]

LDEV may test 3.80 level and I expect to have some resistance there

[The Invisible]

1.50 on 38 second day and today 2.60. Can we see some good volumes may be on speculative grounds.
Encouraging daily chart though.

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[smallvilleTop contributor]

Worth watchin LDEV now... HAv u guys seen the Tea prices. Its more than 2017 April-June prices now.

Company already said their 2020 June Qtr results may get delayed but they have made 1055 min Revenue. Looking at other Tea plantations, we can expect Agarapathana (belongs to LDEV) also did well in profits.

Can we expect 2017 run?

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[sanjulanka]

ස්තුතියි ලොක්ක.සමාගම්වල අධ්‍යකෂකලට තමුන්ගෙ කොටස් මූල්‍යය වාරතා නිකුත්වෙන්න ආසන්නයෙදිම විකුණන්න පුලුවන්ද?

[කිත්සිරි ද සිල්වාTop contributor]

For me, it is a kind of a RED FLAG.

ස්තුතියි ලොක්ක.සමාගම්වල අධ්‍යකෂකලට තමුන්ගෙ කොටස් මූල්‍යය වාරතා නිකුත්වෙන්න ආසන්නයෙදිම විකුණන්න පුලුවන්ද?

[The Invisible]

We have seen a spiritual move in plantations just couple of days ago. LDEV hit 4, MASK hit 13, MAL hitting 8.90 etc. But I am conservative on volumes of sales. Need to see whether the volumes have or have not affected due to Covid.