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The Investor Sentiment - Equity and investments forum for Sri Lankans

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» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Will MGT overtake TJL? EmptyFri Jul 19, 2024 10:30 am by faithhharris

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+6
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    Will MGT overtake TJL?

    stocks hunter
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    • Post n°1

    Will MGT overtake TJL? Empty Will MGT overtake TJL?

    Post by stocks hunter Tue Sep 16, 2014 9:31 pm

    MGT volumes are increasing day by day. They had a very successful rights issue recently as well. By looking at the trading patterns we can assume that one of major party or connected parties are aggresively collecting this counter. Who knows sometimes even GUAR or CINV may be behind the scene. Coz they purchased more than 15% from the mkt in June 14 may be increasing their stake in MGT. Only time will tell us what's going to happen.If this goes on like this will be a challenge for the TJL share price as well.

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    Last edited by stocks hunter on Tue Sep 16, 2014 9:42 pm; edited 1 time in total
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    • Post n°2

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    Post by KDDND Tue Sep 16, 2014 9:41 pm

    Thx SH!
    It's good information and good eagle eye....
    Cheers bro.....
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    • Post n°3

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    Post by smallville Tue Sep 16, 2014 10:18 pm

    I misread this.. LOL.. I thot ur talking abt TJL take over by MGT..

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    Post by smallville Tue Sep 16, 2014 10:33 pm

    3 higher lows in a row in Daily chart.. Hope this will break 18.80..

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    • Post n°5

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    Post by pathfinder Tue Sep 16, 2014 11:10 pm

    Exactly Small,18.80 is the first target according to Fib retracement Very Happy
    Price crossed 200DMA in weekly chart after 3yrs
    Traded volume for last month or so is the highest in 5yrs Cool
    May give surprises in coming days Laughing
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    Post by stocks hunter Wed Sep 17, 2014 6:24 pm

    [img][You must be registered and logged in to see this image.][/img]
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    • Post n°7

    Will MGT overtake TJL? Empty Re: Will MGT overtake TJL?

    Post by hariesha Wed Sep 17, 2014 11:10 pm

    This is unbelievable.. I also sold my new shares from the rights yesterday.

    Where was this director during rights..Is there some thing that we don't know...

    Any how for me it's over valued now. Better to look at CINV and GUAR as they have made about 200m capital gain from MGT now.

    If MGT is going to 18/- then TJL is worth more than 30/-.

    MGT is at 2X PBV with basically no earnings and no dividends.

    TJL also at 2X PBV with more than Rs.1.25 dividend.

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    Post by stocks hunter Thu Sep 18, 2014 6:18 am

    hariesha,

    TJL going purely due to present. MGT is going coz of future and some other factors known to very few.
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    Post by smallville Thu Sep 18, 2014 9:00 am

    hariesha wrote:This is unbelievable.. I also sold my new shares from the rights yesterday.

    Where was this director during rights..Is there some thing that we don't know...

    Any how for me it's over valued now. Better to look at CINV and GUAR as they have made about 200m capital gain from MGT now.

    If MGT is going to 18/- then TJL is worth more than 30/-.

    MGT is at 2X PBV with basically no earnings and no dividends.

    TJL also at 2X PBV with more than Rs.1.25 dividend.


    If according to logic this has no value over 18, I dont understand why the brokers set price targets of 25 on this Mad Mad
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    Post by stocks hunter Fri Sep 19, 2014 8:22 am

    Has somebody said MAS is eying for this?
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    • Post n°11

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    Post by slstock Fri Sep 19, 2014 8:26 am

    I don't hold MGT.

    Also I could not yet do any in depth analysis to talk in greater detail.

    But I saw there are some positive things happening for MGT now .

    smallville wrote:
    hariesha wrote:This is unbelievable.. I also sold my new shares from the rights yesterday.

    Where was this director during rights..Is there some thing that we don't know...

    Any how for me it's over valued now. Better to look at CINV and GUAR as they have made about 200m capital gain from MGT now.

    If MGT is going to 18/- then TJL is worth more than 30/-.

    MGT is at 2X PBV with basically no earnings and no dividends.

    TJL also at 2X PBV with more than Rs.1.25 dividend.


    If according to logic this has no value over 18, I dont understand why the brokers set price targets of 25 on this Mad Mad
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    • Post n°12

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    Post by yellow knife Fri Sep 19, 2014 9:24 am

    Once EAST WEST said that they will join with Marriot Hotel Chain and build a hotel in Weligama.. Share price shoot up.. I knew that plan of a hotel is sold at a higher price than an actual hotel.. but I joined the band wagon got the profit and came out...same is true with MGT.. TJL is a superb garment and MGT is just on the tracks...But PLANS can be sold at higher values than ACTUAL BUILDINGS
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    • Post n°13

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    Post by Backstage Fri Sep 19, 2014 12:40 pm

    According to some friends in the textile industry.....

    The textile industry in general is now moving away from SL to Bangaladesh , Vietnam. As the Koreans and Indonesians trained us in the eighties and nineties, Sri lankan tech teams are now doing the same in Bangla and Vietnam. TJ and MGT does specialized knitted fabric which is niche market. According to my friend irrespective of market conditions, it is who is in charge and the management/production team that determines the success of such manufacturing units. TJ and MGT both have such capable people at the helm. The MGT ceo had come from TJ along with some of the clientele.
    TJ is supposed to have started doing well after Brandix was blocked from interfering with the management.

    note ; I have not dug too deep.
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    • Post n°14

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    Post by yellow knife Fri Sep 19, 2014 1:24 pm

    very useful information back stage...
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    • Post n°15

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    Post by serene Fri Sep 19, 2014 1:46 pm

    Thanks Backa. Idea
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    Post by stocks hunter Sun Sep 21, 2014 12:10 pm

    [img][You must be registered and logged in to see this image.][/img]

    Did you all notice this? These volumes speaks out something.Is there a battle going on for this. Then who are the parties behind this? Top 20 holds 92.15% of the issued capital and the rest is among us.
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    Post by stocks hunter Mon Sep 22, 2014 10:43 pm

    [img][You must be registered and logged in to see this image.][/img]

    Volumes speaks a lot in these days.
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    Post by stocks hunter Tue Oct 28, 2014 2:27 pm

    MGT second round has started. Better have a closer look at it.
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    • Post n°19

    Will MGT overtake TJL? Empty Re: Will MGT overtake TJL?

    Post by hariesha Fri Oct 31, 2014 8:06 pm

    hariesha wrote:This is unbelievable.. I also sold my new shares from the rights yesterday.

    Where was this director during rights..Is there some thing that we don't know...

    Any how for me it's over valued now. Better to look at CINV and GUAR as they have made about 200m capital gain from MGT now.

    If MGT is going to 18/- then TJL is worth more than 30/-.

    MGT is at 2X PBV with basically no earnings and no dividends.

    TJL also at 2X PBV with more than Rs.1.25 dividend.


    What I thought was correct. As normal shareholders doesn't had any appetite for rights, they got in several funds to get in, subscribe for the rights with extras, and dispose them in the market with a huge profit. Those who didn't look at rights are buying the shares are at double the price now.

    MGT is trading @ 25.5 X in forward PER basis and 2 X PBV.

    Is it really worth at this price?
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    stocks hunter
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    • Post n°20

    Will MGT overtake TJL? Empty Re: Will MGT overtake TJL?

    Post by stocks hunter Fri Oct 31, 2014 8:07 pm

    View Sep Q Report

    They are improving slowly and steadily. The advantage is less shares in the mkt.Almost 90% is with top 20 share holders.
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    poor boy
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    • Post n°21

    Will MGT overtake TJL? Empty Re: Will MGT overtake TJL?

    Post by poor boy Sat Nov 01, 2014 6:15 pm

    I think both are good. I will buy 50- 50 from both depending on how election is going to proceed.
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