Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?
Search
Latest topics
Disclaimer
Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker
SPEN.N0000
umadhuranga- Posts : 29
Join date : 2014-11-14
Location : Colombo
- Post n°26
Re: SPEN.N0000
Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°27
Re: SPEN.N0000
Spen.N is a good share. But when the market trend is not supportive better to wait for signals of a direction then start to buy when it has reached the nadir and then slowly start up to pick..
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
- Post n°28
Re: SPEN.N0000
SPEN :
Well these prices are certainly very attractive for SPEN. But am a bit concerned how dull and lethargic the company or their investment have become in last couple of years. So for long term , I think this maybe a good time to get into , but I would evaluate HJ/SPEN activites every 1 year or so to keep longer term.
It they get too boring, ( or show no earning improvement) there maybe better shares in the sector.
Example : VONE ( except for the Ravi K issue which I think will be solved sooner than later)
To buy/enter SPEN, best to wait till the dust settles .
umadhuranga wrote:Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.
Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?
The Alchemist- Top contributor
- Posts : 651
Join date : 2014-02-25
- Post n°29
Re: SPEN.N0000
umadhuranga wrote:Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.
Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?
Interestingly, all the stocks you have mentioned (except for maybe OSEA) are held in large qty's by CINV & GUAR. Those shares are trading at approx 35-40 % discount to their Market Value and are Investment Trusts.
SPENS - Last 3-4 years (post split), earnings have stayed flat and actually declined and stock price has been in the 95-120 range. NAV is Rs 85. P/E currently could be 12-15 times. left to be seen weather next 3-4 years will witness any growth or remain the same. Their Core sectors - Hotels / Tourism, Ports & Shipping etc have fair potential.
In the future, DIST / MELSTACORP plans may impact SPENS too.
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
- Post n°30
Re: SPEN.N0000
Have you studied CINV/GUAR history? They do occasionally go for right issues?
Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)
The Alchemist wrote:umadhuranga wrote:Dear Gentlemen, i'm in to long term investing (4-5 years and above) and currently slowly building a portfolio with below stocks - COMB / JKH / SAMP / NTB / OSEA / TJL / UBC / PLC / CARG.
Could anyone kindly recommend the suitability of SPEN for above? I see SPEN is at 52W low now and very sluggish sales around 95-96. Last 3 years trend is constant downfall. Is it worthwhile to by around 95 and hold for 4-5 years?
Interestingly, all the stocks you have mentioned (except for maybe OSEA) are held in large qty's by CINV & GUAR. Those shares are trading at approx 35-40 % discount to their Market Value and are Investment Trusts.
SPENS - Last 3-4 years (post split), earnings have stayed flat and actually declined and stock price has been in the 95-120 range. NAV is Rs 85. P/E currently could be 12-15 times. left to be seen weather next 3-4 years will witness any growth or remain the same. Their Core sectors - Hotels / Tourism, Ports & Shipping etc have fair potential.
In the future, DIST / MELSTACORP plans may impact SPENS too.
Last edited by slstock on Mon Sep 28, 2015 2:48 pm; edited 1 time in total
umadhuranga- Posts : 29
Join date : 2014-11-14
Location : Colombo
- Post n°31
Re: SPEN.N0000
![Very Happy](https://2img.net/i/fa/i/smiles/icon_biggrin.png)
Actually my thinking is more biased towards stability, as i'm building a retirement support plan. Dividends were also given a prominent place when deciding my pf. But, dear alchemist, what do you think about the growth potential of my picks? very happy to get a comment for my very first post in a forum from you and SLS.
( The 'new Buffetology' is a book i fancied some time back, which illustrates long term investing. Even though I don't have the exact statistical proof, i perceive the above shares as having a durable competitive advantage in our market. - I will be happy to share a PDF, if anyone is interested and if it's not against any forum rules.)
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°32
Re: SPEN.N0000
slstock wrote:Alchem,
Have you studied CINV/GUAR history? They do occasionally go for right issues?
Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)
SLS
You are an admin and let me play the role of Librarian..
Being the librarian I like to keep the books in relevant shelves for anyone to easily refer.
If anyone search for
XYZ.NOOOO you would get whole lot of share discussions relevant to that particular code.
What ever you post in that thread please be kind enough limit only that for respective share under discussion..
Now I being the librarian here I am saying " Sh Sh...please keep the silent environment of the library.. If you want to talk about anything else please move into Chit Chat or Chill out"
If we keeps the threads under ............. N.0000 clean then it will be very easy in future to retrieve
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
- Post n°33
Re: SPEN.N0000
1) Alchem rasied CINV/GUAR first as it was related to the question asked by Maduranga. Did you see that ?
2) I replied to add depth. I already commented on SPEN directly.
This was not to talk about other shares in depth than SPEN .
3) No thread can be restricted to state only one share as obviously discussion can go a bit broader.
When it looks like going totally out of control , we intervene.
However I respect what you raised ( though not fair to point finger only on direction) .
As I too have asked the same from others, I should practice what I preach.
I answered Madurnags question on SPEN, so will not comment any further.
yellow knife wrote:slstock wrote:Alchem,
Have you studied CINV/GUAR history? They do occasionally go for right issues?
Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)
SLS
You are an admin and let me play the role of Librarian..
Being the librarian I like to keep the books in relevant shelves for anyone to easily refer.
If anyone search for
XYZ.NOOOO you would get whole lot of share discussions relevant to that particular code.
What ever you post in that thread please be kind enough limit only that for respective share under discussion..
Now I being the librarian here I am saying " Sh Sh...please keep the silent environment of the library.. If you want to talk about anything else please move into Chit Chat or Chill out"
If we keeps the threads under ............. N.0000 clean then it will be very easy in future to retrieve
The Alchemist- Top contributor
- Posts : 651
Join date : 2014-02-25
- Post n°34
Re: SPEN.N0000
slstock wrote:Alchem,
Have you studied CINV/GUAR history? They do occasionally go for right issues?
Interestingly I saw Sell by a broker on GUAR . That was a bit suprising at these prices ( RS 180 now)
Re CINV & GUAR, I have been following these 2 shares since year 2000. in that time, their share capital was 1-3 million shares (and prices were Rs 30 & 60). during 2000-2005, they had many rights (attractive prices) + Bonus issues and issued shares increased shares to 16-18 Million. then they did a Repurchase of shares in 2009 Oct at Rs 179 & 359. When the shares hit Rs. 500 /Rs. 1500, they split it 1 : 5
These shares reached highest post split price on 15th Feb 2011 (Rs 195, Rs 450).
Prices are attractive in that they trade at 35-40 % discount to NAV Market Portfolio. However as they are Investment Trusts, they are out of favour in these bearish market conditions. Sometimes, their stock price decline ratio is much more than the actual value of the decline of their portfolio / NAV. Furthermore, they have a large exposure to BUKI, and with Palm Oil prices down + Currency mess, we cannot expect much in the short term.
Medium Term Fundamentals are intact & attractive.
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°35
Re: SPEN.N0000
Aitken Spence holding of Fiji Ports Corporation Ltd will be 20% and Aitken Spence will invest FJD 34.6 Million
[You must be registered and logged in to see this image.]
yellow knife- Top contributor
- Posts : 6980
Join date : 2014-03-27
- Post n°36
Re: SPEN.N0000
[You must be registered and logged in to see this link.]
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
- Post n°37
Re: SPEN.N0000
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
- Post n°38
Re: SPEN.N0000
[url=[url=https://servimg.com/view/19292638/5][You must be registered and logged in to see this image.]
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
- Post n°39
Re: SPEN.N0000
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
- Post n°40
Re: SPEN.N0000
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
- Post n°41
Re: SPEN.N0000
nihal123- Top contributor
- Posts : 6327
Join date : 2014-02-24
Age : 58
Location : Waga
- Post n°42
Re: SPEN.N0000
Keep it up
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
- Post n°43
Re: SPEN.N0000
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
- Post n°44
Re: SPEN.N0000
slstock- Veteran
- Posts : 6216
Join date : 2014-06-12
- Post n°45
Re: SPEN.N0000
You have identified/started talking about a good share.
YK also has given good details in the past. If next quarter SPEN gives better than average earning, this will be good share for investment .
So if Harry J wants money for Sri lankan air ( if deal goes through) , where will it come from? SPEN, MEL or loans or right?
Thing also needs to be looked deeper.
ps: Not motivate to put lot of time/detail to the forum now.
So will stop with the shorter comment and will let other comment on SPEN .
Future123- Active Member
- Posts : 1435
Join date : 2014-04-09
- Post n°46
Re: SPEN.N0000
It also depends on how long it may take SPEN to turnaround Sri Lankan airlines.
spw19721- Active Member
- Posts : 683
Join date : 2015-08-22
- Post n°47
Re: SPEN.N0000
*Last trading price = 59.50
*moving average line remains = 62.90.
*ECONOMYNEXT – Sri Lanka’s Aitken Spence said June 2017 quarter net profit grew 42 per cent to Rs355 million from a year ago, helped by strong gains from its power plant while maritime business earnings fell and hotels losses widened.
LSE- Tech Contributor
- Posts : 1321
Join date : 2014-06-04
- Post n°48
Re: SPEN.N0000
Leon- Top contributor
- Posts : 1264
Join date : 2014-03-11
- Post n°49
Re: SPEN.N0000
Will see on Tech based would 55 be the support.
Backstage- Top contributor
- Posts : 3803
Join date : 2014-02-24
- Post n°50
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?