Browns Investments update

[The Invisible]

Browns Investments together with Browns Capital has given Retailers many opportunities to trade in the recent past. I believe all Retailers have benefited from the restructure exercises carried out by those two companies.

In May Browns Capital has completed the merger with Browns Investments where Browns Investments is the surviving entity. Below are the available final quarter financials of these two entities after the restructuring & before the merger.

BIL
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FLCH
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One important thing to note that both companies have managed to report positive PBT after the restructure. I am not sure how the merge entity's financials looks like but going through the basis of final individual reports the merged entity's financials should be better than the previous BIL financials used to be.

Anyway we are again seeing Retailors are rallying behind BIL once more. 47mn in volume traded yesterday and today with price gaining by 50 cents.

On technical grounds BIL stock was trading 35-60 neutral band however due to the sudden rush in last two days RSI has pushed through the upper limits to enter overbought region to end the day @ 82 level.

Retailer sentiment and market talks refer to speculative reasons for the renewed interest but Retailers are warned to adopt a very cautious approach if interesting to BUY from this point. However existing holders should look the future direction of the stock/charts before deciding to cash-in profits but are advised to HOLD at the current price levels.

[The Invisible]

Update

In the previous update conclusion was to HOLD for the existing investors and to adopt a cautious approach for new investors in thinking to BUY.

Since 19th July up to yesterday BIL moved up by another 50 cents with a high of 3.1. During the period a total of 103mn shares changed hands.

We are getting closed to see the June quarter report which will be the first since the merger of BIL & FLCH. The report will be released on 15th of August most probably.

On technical grounds RSI continued to move within over-bought region however dropping to 77 from 81.8. Other techmical indicators also indicate a bullish condition for the stock still.

I can see a strong consolidation of the stock even at these price level attributable to;
a) Speculation of good quarter report
b) Movement of BRWN & LOLC
c) Positive market sentiment stemming from political developments

I am concluding by again recommending the existing investors of BIL to continue to HOLD while recommending potential new investors to adopt a cautious approach combined with a stop-loss mechanism if thinking of buying at these levels.

[Topcat]

Thanks invi. We expect more share analysis from you as one of best in that. ( I remember you have identified gems in very early stages . )

[sanjulanka]

Update

In the previous update conclusion was to HOLD for the existing investors and to adopt a cautious approach for new investors in thinking to BUY.

Since 19th July up to yesterday BIL moved up by another 50 cents with a high of 3.1. During the period a total of 103mn shares changed hands.

We are getting closed to see the June quarter report which will be the first since the merger of BIL & FLCH. The report will be released on 15th of August most probably.

On technical grounds RSI continued to move within over-bought region however dropping to 77 from 81.8. Other techmical indicators also indicate a bullish condition for the stock still.

I can see a strong consolidation of the stock even at these price level attributable to;  
a) Speculation of good quarter report
b) Movement of BRWN & LOLC
c) Positive market sentiment stemming from political developments

I am concluding by again recommending the existing investors of BIL to continue to HOLD while recommending potential new investors to adopt a cautious approach combined with a stop-loss mechanism if thinking of buying at these levels.

ස්තුතියි ලොක්ක මම සුභපතනව ඔබේ දැනුමට.යමක් කර ගත්ත.නෙවර් වන්ටත් ස්තුතියි.දිගටම වහෙන් ඔරෝ කියල කියන්න.
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ඔහොම ය0...

[ruwan326]

Update

In the previous update conclusion was to HOLD for the existing investors and to adopt a cautious approach for new investors in thinking to BUY.

Since 19th July up to yesterday BIL moved up by another 50 cents with a high of 3.1. During the period a total of 103mn shares changed hands.

We are getting closed to see the June quarter report which will be the first since the merger of BIL & FLCH. The report will be released on 15th of August most probably.

On technical grounds RSI continued to move within over-bought region however dropping to 77 from 81.8. Other techmical indicators also indicate a bullish condition for the stock still.


I can see a strong consolidation of the stock even at these price level attributable to;  
a) Speculation of good quarter report
b) Movement of BRWN & LOLC
c) Positive market sentiment stemming from political developments

I am concluding by again recommending the existing investors of BIL to continue to HOLD while recommending potential new investors to adopt a cautious approach combined with a stop-loss mechanism if thinking of buying at these levels.

ස්තුතියි ලොක්ක මම සුභපතනව ඔබේ දැනුමට.යමක් කර ගත්ත.නෙවර් වන්ටත් ස්තුතියි.දිගටම වහෙන් ඔරෝ කියල කියන්න.
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ඔහොම ය0...

sanjulanka,මේ දවස් වල සරුයි  වගේ  
NEWER1මේ පැත්තේ දැන් එන්නේ නෑ

[sanjulanka]

ඔයාට තරම් නැ...ඒත් යමක් දැනගත්ත නම් ඒ අයට ස්තුතියි කියන එකවත් ලොකු දෙයක්නෙ.හැමොටම දැනුම නැ දැනුම තියන කෙනාට අනිත් අයට දෙන්න හැකියි උනත් හුග දෙනෙක් දෙන්නෙ නැ.තමුන්ගෙ දැනුම අනිත් අයට දෙන සුලු පිරිසට උනත් අපේ ස්තුතිය පොඩි හරි සතුටක්නෙ.නොකියම ලාභ ගන්නවට වඩා.නිකන් කිව්වෙ ඔහොම ය0....

[The Invisible]

Hmm. Thanks Sanju for the appreciation.

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So the cat is out of the bag now. A 13.5bn gain on the Sunbird Bioenergy investment has added massive value to the net assets. Interesting to see how this investment add value to the P&L. May be they haven't consolidated yet I guess.

Apart from the gain the June quarter results looking very flat to me. However it will be heavily worth to study how this new investment is going to add value to BIL P&L.

[lanka]

Thank you Invisible

[The Invisible]

Its continue to move upwards. People holding this share should hold some more time. Chances are there to test even 4/- under current sentiments.

[sanjulanka]

Hmm. Thanks Sanju for the appreciation.

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So the cat is out of the bag now. A 13.5bn gain on the Sunbird Bioenergy investment has added massive value to the net assets. Interesting to see how this investment add value to the P&L. May be they haven't consolidated yet I guess.

Apart from the gain the June quarter results looking very flat to me. However it will be heavily worth to study how this new investment is going to add value to BIL P&L.

ස්තුතියි පුතී ඔහොම ය0....

[sanjulanka]

Its continue to move upwards. People holding this share should hold some more time. Chances are there to test even 4/- under current sentiments.

අපේ ගානට කිට්ටු කරනව ඔහොම ය0.....

[කිත්සිරි ද සිල්වාTop contributor]

I put a Sell order at 4.50 and it was rejected.

[sanjulanka]

I put a Sell order at 4.50 and it was rejected.

ඔබටත් කෙනෙක් ඉදිවී . දවසක හොයාන ඒවී...ඔහොම ය0...

[sanjulanka]

ගෙඩි රුපියල් 3යි ශත 80යි ..කොහොමද ඒක....ඔහොම ය0...

[The Invisible]

Hmmm. BIL is testing 4/- now. I expect a resistance here. Might be a good idea to cash-in the profits for the holders of the share. Others wait for the next price weakness.

[sanjulanka]

Hmmm. BIL is testing 4/- now. I expect a resistance here. Might be a good idea to cash-in the profits for the holders of the share. Others wait for the next price weakness.

මේ ගොල්ලො ලොකුවට එකතු කරනව වගෙයි නේද?

[The Invisible]

Hmmm. BIL is testing 4/- now. I expect a resistance here. Might be a good idea to cash-in the profits for the holders of the share. Others wait for the next price weakness.

මේ ගොල්ලො ලොකුවට එකතු කරනව වගෙයි නේද?

[ruwan326]

BIL going up........... SEC sleeping........ SLS please enlighten us

[sanjulanka]

BIL going up........... SEC sleeping........ SLS please enlighten us

රුවන් අපේ ලොක්කව අමාරුවෙ දාන්න එපා.....
රු.1.60 අරන් 3.40ට දුන්නනෙ දැන් ඇති.

[ruwan326]

BIL going up........... SEC sleeping........ SLS please enlighten us

රුවන් අපේ ලොක්කව අමාරුවෙ දාන්න එපා.....
රු.1.60 අරන් 3.40ට දුන්නනෙ දැන් ඇති.

මේ වගේ වෙලාවට තමයි senior members ලාගෙන් උපරිම ප්‍රයෝජනේ ගන්න ඕන ........ බොරදියේ තව මාළු බාගන්න පුළුවන් වගේ

[The Invisible]

As said this price appreciation is due to increase in NAV after that big gain. The future state of operation is yet to know. Given the super fast rate the price has gone up from 3.50 to 4.00 and now from 4.00 to 4.60 its clear that the collectors are releasing their quantities. So my advice is its time to realise your gains and to wait for a price correction that is imminent in near future.

[කිත්සිරි ද සිල්වාTop contributor]

I was trying to place a Sell order at 5.10 but the price band is preventing me from doing so.
(I thought the price band adjusted automatically according to the current value).

[The Invisible]

I was trying to place a Sell order at 5.10 but the price band is preventing me from doing so.
(I thought the price band adjusted automatically according to the current value).

You were trying to place sell order @ 4.50 on last Friday but failed and today again tried but failed

But I feel the issue is not with the price you were trying to put ur order but its with your holding in the portfolio. May be your holding column shows '0'

[sanjulanka]

I was trying to place a Sell order at 5.10 but the price band is preventing me from doing so.
(I thought the price band adjusted automatically according to the current value).

You were trying to place sell order @ 4.50 on last Friday but failed and today again tried but failed        

But I feel the issue is not with the price you were trying to put ur order but its with your holding in the portfolio. May be your holding column shows '0'        

රජ්ගම කොල්ලොනෙ....

[කිත්සිරි ද සිල්වාTop contributor]

I have BIL in my Pf (but very limited quantity).

I was trying to place a Sell order at 5.10 but the price band is preventing me from doing so.
(I thought the price band adjusted automatically according to the current value).

You were trying to place sell order @ 4.50 on last Friday but failed and today again tried but failed        

But I feel the issue is not with the price you were trying to put ur order but its with your holding in the portfolio. May be your holding column shows '0'