Re: Expolanka

[First Guy]

I believe it was the acquisition of some US logistic companies last year that added a new revenue stream that was non existent before, while the pandemic cargo bottlenecks driving up prices was just the icing on the cake. Those new revenue streams I believe will continue post pandemic. I bought at 4.50 sold at 9.50, bought again at 24 sold at 38.50.  [You must be registered and logged in to see this image.]  

Yes and more is possible with cash they have.

Lately I have learnt that stocks like these (in a phase such as this) should be bought without an exit in mind.

[BackstageTop contributor]

I believe it was the acquisition of some US logistic companies last year that added a new revenue stream that was non existent before, while the pandemic cargo bottlenecks driving up prices was just the icing on the cake. Those new revenue streams I believe will continue post pandemic. I bought at 4.50 sold at 9.50, bought again at 24 sold at 38.50.  [You must be registered and logged in to see this image.]  

Yes and more is possible with cash they have.

Lately I have learnt that stocks like these (in a phase such as this) should be bought without an exit in mind.

Even the biggest names in investing got in around 4 or 5 and got out in the twenties. So us less informed small fry can be excused for missing out.

[First Guy]

EXPO is now at unprecedented levels. The more it goes, especially faster it goes up, it is important to relook at developments.
On Friday they they announced an acquisition. But is it significant?
2% of total assets
22% of long term assets
6% of equity

With cash/receivables they have they can make 14 such acquisitions (just putting in numbers).

This high profit period will not last forever but expected it to slow down since early this year and was mistaken.

But think of this. at 150/- per share and 10x P/E EXPO has to make 15/- per year = 3.75/- per quarter. Is it possible? Not just next year but even after that.
Some think so.

[HUNTERTop contributor]

I believe it was the acquisition of some US logistic companies last year that added a new revenue stream that was non existent before, while the pandemic cargo bottlenecks driving up prices was just the icing on the cake. Those new revenue streams I believe will continue post pandemic. I bought at 4.50 sold at 9.50, bought again at 24 sold at 38.50.  [You must be registered and logged in to see this image.]  

Yes and more is possible with cash they have.

Lately I have learnt that stocks like these (in a phase such as this) should be bought without an exit in mind.

Even the biggest names in investing got in around 4 or 5 and got out in the twenties. So us less informed small fry can be excused for missing out.

But some small technical traders, entered at 100 and exited at 150.

[yellow knifeTop contributor]

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[Rajapaksap]

Daily FT

FT TV E-PAPER
[size=32]MSCI adds Expolanka to its Frontier Markets Index[/size]
Monday, 15 November 2021 03:43 -      - 215
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MSCI Inc., the leading provider of research-based indexes and analytics, has included Expolanka Holdings Plc in its Frontier Markets Equity Index.

Expolanka is one of the three largest additions to the MSCI Frontier Markets Index measured by full company market capitalisation. The other two are Phat Dat Real Estate (Vietnam) and Islandsbanki (Iceland).

MSCI also announced four deletions from the Index including Commercial Bank of Ceylon Plc.

The MSCI Sri Lanka Index has two constituents. John Keells Holdings is the other apart from Expolanka.

The MSCI Sri Lanka had offered 7.55% return as opposed to 8.57% by MSCI Frontier Markets index since 31 May 2002. MSCI Sri Lanka's PE ratio is 10.78 times as against 16.59 times of MSCI Frontier Index.

The most profitable listed corporate Expolanka is among the top three companies in terms of market capitalisation and the most valuable in terms of liquidity.

Launched in 2007, the MSCI Frontier Markets Index captures large and mid-cap representation across 27 Frontier Markets (FM) countries. The index includes 85 constituents, covering about 85% of the free float-adjusted market capitalisation in each country.

The countries include Bahrain, Bangladesh, Burkina Faso, Benin, Croatia, Estonia, Guinea-Bissau, Iceland, Ivory Coast, Jordan, Kenya, Lithuania, Kazakhstan, Mauritius, Mali, Morocco, Niger, Nigeria, Oman, Romania, Serbia, Senegal, Slovenia, Sri Lanka, Togo, Tunisia and Vietnam.

Sri Lanka has been aspiring to graduate to MSCI Emerging Markets Index for several years without success so far. The Asian countries in this Index include China, India, Indonesia, Korea, Malaysia, Pakistan, Taiwan and Thailand.

According to MSCI, $ 16.3 trillion in assets under management are benchmarked to MSCI indexes whilst over 1,300 equity ETFs are based on MSCI indexes.

The changes were following the semi-annual Index Review for all MSCI Equity Indexes.