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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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4 posters

    12-Sep-2014 Dividend Announcement - ASIY

    Sriranga
    Sriranga
    Veteran
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    Posts : 3226
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    12-Sep-2014 Dividend Announcement - ASIY Empty 12-Sep-2014 Dividend Announcement - ASIY

    Post by Sriranga Fri Sep 12, 2014 4:48 pm

    ASIA SIYAKA COMMODITIES PLC
    Company ID: - ASIY
    Date of Announcement: - 12.Sep.2014
    Dividend per Share: - Rs. 0.18 per share / Final Dividend
    Financial Year: - 2013/2014
    XD: - 23.Sep.2014
    Payment: - 02.Oct.2014
    Share Transfer Book Open


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    First Guy
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    12-Sep-2014 Dividend Announcement - ASIY Empty Re: 12-Sep-2014 Dividend Announcement - ASIY

    Post by First Guy Fri Sep 12, 2014 9:10 pm

    Interesting. Why is/are the director(s) selling? Hope it's for personal reasons
    avatar
    StopLoss


    Posts : 101
    Join date : 2014-10-05

    12-Sep-2014 Dividend Announcement - ASIY Empty Re: 12-Sep-2014 Dividend Announcement - ASIY

    Post by StopLoss Tue Oct 07, 2014 11:49 am

    I've been buying ASIY after a look at their figures, which seem promising, so the question raised regarding directors' sales was a bit worrying.

    This is what I came up with:

    Since Lanka Commodity Brokers made the mandatory offer last year they have sold 9,120,644 shares at an average price of 3.42.

    This is a bit more than 11% of the 81.6 million shares they bought on the offer (@ 2.80), and less than 5% of their total holding.

    Is this just them taking a 'bit' of profit?
    slstock
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    12-Sep-2014 Dividend Announcement - ASIY Empty Re: 12-Sep-2014 Dividend Announcement - ASIY

    Post by slstock Tue Oct 07, 2014 11:54 am

    It maybe due to a public free float issue. I would not jump in and buy a whole heap until the selling settles down.





    StopLoss wrote:I've been buying ASIY after a look at their figures, which seem promising, so the question raised regarding directors' sales was a bit worrying.

    This is what I came up with:

    Since Lanka Commodity Brokers made the mandatory offer last year they have sold 9,120,644 shares at an average price of 3.42.

    This is a bit more than 11% of the 81.6 million shares they bought on the offer (@ 2.80), and less than 5% of their total holding.

    Is this just them taking a 'bit' of profit?


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    12-Sep-2014 Dividend Announcement - ASIY Empty Re: 12-Sep-2014 Dividend Announcement - ASIY

    Post by StopLoss Thu Oct 09, 2014 8:33 pm

    Thanks slstock, will go slow on the buying for a while.

    By the way, I'm an amateur, trying to get a hang of the basics; willing to crunch the numbers but interpretation is another matter.  Embarassed

    At the moment only 6% of the shares are in the public free float, but looking at trades over the past year on more than half the trading days over 100,000 shares were traded, with the price moving from 3.00 to 3.50.

    My question to the senior members out there is, what's wrong with this stock? Took my numbers to my broker and got a lukewarm response Laughing

      Current date/time is Sat Jul 27, 2024 12:41 pm