SLStock - pls advice whether it's a good price to buy or wait as the market is still volatile...
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MTD Walkers (KAPI)
sashimaal- Top contributor
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- Post n°1
MTD Walkers (KAPI)
SLStock - pls advice whether it's a good price to buy or wait as the market is still volatile...
slstock- Veteran
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Join date : 2014-06-12
- Post n°2
Re: MTD Walkers (KAPI)
KAPI right issue is priced at Rs 45. When the dates are announced and if the market is bad during that time things can get tricky.
sashimaal- Top contributor
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Re: MTD Walkers (KAPI)
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smallville- Top contributor
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- Post n°4
Re: MTD Walkers (KAPI)
I also bought yesterday but the recovery is long due it seems..
ASI is heading towards 6500 which is not a good one now.. Volumes are low and nobody's prepared to buy at seller price so the prices wont move up now.
There are few shares like PABC stayed flat may be due to Nimal's buying. And he's collecting
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sashimaal- Top contributor
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Re: MTD Walkers (KAPI)
Anyway, volumes should dry down after retailers exit. There can be many green days as well. Support should be there around 7100-6950 levels. Let's hope that will be able to hold the Index.
Reason I wanted to vote for opposition is to have a stronger economy and faster growth...however, CSE is going down based on the same reason...
smallville- Top contributor
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- Post n°6
Re: MTD Walkers (KAPI)
What could any of us do if market reached 6500? The shares we bought now will be in deep correction levels, i.e: KAPI is 50s or low, PARQ - 24, AEL - 18 like wise, so holding onto these with our deal lives will seem like a foolish thing as we could cut losses and buy back low hoping for a faster recovery.
Jana1- Top contributor
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Re: MTD Walkers (KAPI)
smallville- Top contributor
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Re: MTD Walkers (KAPI)
The current setup is a mixup of political drama + over-reacted hype. Therefore, we have to be careful.
Other than that, there are experienced brokers who had advised their clients to stay on cash as they expect 6500 level
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Jana1- Top contributor
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Re: MTD Walkers (KAPI)
U knw what happens last week. One f my brokers asked to check my sell order from his friend as he was away. That guy was bull in Rich. He accidentally placed 100k rich at 9. It was terrible just after announcement f dividend. I smelled that share was about to bounce down. But mkt has beaten it to 8.5. My broker friend is saying it will go up. But if mkt comes to 6500, then Rich will be in 5.5-6.0. I don't what the hell is going to happen..
xmart- Top contributor
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Re: MTD Walkers (KAPI)
smallville- Top contributor
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- Post n°11
Re: MTD Walkers (KAPI)
xmart wrote:cheer up guys. ASI bounced back at 7000. AEL shows resistance at 25, PARQ at 35 and KAPI at 55. after KAPI rights come to the market there will be a some selling pressure but with ASI movement I think KAPI will stay in 60 level before a major breakout.
Is AEL report good?
stocks hunter- Top contributor
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- Post n°12
Re: MTD Walkers (KAPI)
Seyon- Top contributor
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Re: MTD Walkers (KAPI)
pathfinder- Top contributor
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- Post n°14
Re: MTD Walkers (KAPI)
Seyon wrote:Any idea on current price.. Earnings & NAV are good.
Technicaly there is much selling may be a collection
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poor boy- Active Member
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Re: MTD Walkers (KAPI)
xmart- Top contributor
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Re: MTD Walkers (KAPI)
Seyon- Top contributor
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- Post n°17
Re: MTD Walkers (KAPI)
xmart wrote:KAPI is not jut another construction firm and they do not have bad track records like AEL. i would say, KAPI will have its own time to consolidate around 50-55 and it will have its own run.
Can we expect to reach Rs.60 Level. We can expect the last quarter results to release by coming week. I think EPS would be around Rs.10.
tissera- Posts : 39
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Re: MTD Walkers (KAPI)
pathfinder- Top contributor
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Re: MTD Walkers (KAPI)
Leon- Top contributor
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Re: MTD Walkers (KAPI)
BullvsBear- Posts : 136
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- Post n°21
Re: MTD Walkers (KAPI)
pathfinder wrote:Technically it has more fuel to reach the next level of 67
Worth watching KAPI as big quantities are buying by Well known stock broker firm...
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BullvsBear- Posts : 136
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- Post n°22
Re: MTD Walkers (KAPI)
First Guy- Posts : 2599
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Re: MTD Walkers (KAPI)
Backstage- Top contributor
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- Post n°24
Re: MTD Walkers (KAPI)
By 2016-11-01
By Ishara Gamage
The government has decided to handover the Galle Yacht Repair Project to Sea Gulf Shipyard (Pvt) Ltd which is a subsidiary of listed MTD Walkers Group, Adviser to the Ministry of National Policy and Economic Affairs R Paskaralingam said.
Addressing a 10th session of Ease of Doing Business Forum recently, he directed the Finance Ministry officials to expedite the project after considering grievances of Seagulf Shipyard Director Dr. Sarath Obeysekera.
During the forum Dr. Sarath Obeysekera said that MTD Walkers has offered Rs 25M to Sri Lanka Port Authority (SLPA) to revive the Galle Yacht Repair Project, during the sessions chaired by Minister Sagala Rathnayake and later by Prime Minister at Sri Lanka's Cabinet Committee on Economic Management (CCEM) .
SLPA officers have been clearly instructed to allow to proceed with the investment programme which is a BOI venture, he said.
According to the new Finance Ministry directives the company has to pay relevant rent areas (Port usage cost) to the SLPA within few weeks to recommence the project.
Meanwhile, MTD Walkers Group plans to tie up with Asian Development Bank (ADB) to expand its shipbuilding operations in Colombo, Modara (Mutwal), Galle and Trincomalee harbours, ADB and company officials told Ceylon FT.
"We agreed to share 20-25% equity stake with ADB and additionally they agreed to provide a soft loan," officials said.
They also said that talks were in the middle stage and exact investment amount was yet to be finalized.
The MTD Walkers Group also plans to establish a new holding company to commence this ship building joint venture with ADB.
Meanwhile, an SLPA official said that the government has decided to grant approval to MTD Walkers to re commence the yacht repair project approved by the government sometimes back and has been delayed due to funding issues.
"Instructions were given to SLPA to provide clear guidelines on the specifications for this yacht repair site. Further it was agreed that any other investor interested in investing in similar projects could be entertained at other suitable sites of the Galle Port following procurement procedures by SLPA," he said.
Walkers Colombo Shipyard Ltd., a subsidiary of MTD Walkers PLC, recently completed the construction of its first vessel, a barge named 'Seagulf 1'.
MTD Walkers PLC, Sri Lanka's only fully integrated engineering solutions provider, expanded its presence in the marine engineering sector in 2015 by unveiling its plans to open a state-of-the-art ship repair facility in Mutwal Harbour with an investment of $ 8.5M.
Funding for the development of the yard was procured through the proceeds of a $ 3B debenture issue in September 2015.
Walkers Colombo Shipyard currently operates three docking and repair building facilities in the Ports of Colombo, Galle and Trincomalee. The capabilities include a wide range of repair services to vessels up to 90m in length.
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