Re: SPEN.N0000

[nihal123Top contributor]

Leon, glad to see you.

[LSETech Contributor]

Now 57 then what??? Time to look at.

Buying pressure is increasing little by little. Interesting to see the next movement of the SPEN.

Note:
Sudden interest can be expect very soon. Technically SPEN is trading at the bottom.

[BackstageTop contributor]

MELS or SPEN ? Which would outperform medium term ?

[LSETech Contributor]

Now 57 then what??? Time to look at.

Buying pressure is increasing little by little. Interesting to see the next movement of the SPEN.

Note:
Sudden interest can be expect very soon. Technically SPEN is trading at the bottom.

So far so good. LTP = 59.40 Breaking the trend line will be the key. It's clear now SPEN is bit stable at the current support level of 57.00 and looking for a direction. Have a look at the below graph. Technically possible run can expect in coming days...

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


Thank You

[yellow knifeTop contributor]

Thanks LSE

[Ethical TraderTop contributor]

Thanks LSE.

[LSETech Contributor]

[You must be registered and logged in to see this link.]

Now 57 then what??? Time to look at.

Buying pressure is increasing little by little. Interesting to see the next movement of the SPEN.

Note:
Sudden interest can be expect very soon. Technically SPEN is trading at the bottom.

So far so good. LTP = 59.40 Breaking the trend line will be the key. It's clear now SPEN is bit stable at the current support level of 57.00 and looking for a direction. Have a look at the below graph. Technically possible run can expect in coming days...

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


Thank You

[LSETech Contributor]

Reminder....

[yellow knifeTop contributor]

thanks LSE

[LSETech Contributor]

LTD = 59.70 hoping it's all set for the next run as expected. Please check my previous update for more information. Happy trading to you all...

[Jana1Top contributor]

It might be technically ok, bullish. But fundamentally, have u guys really checked why profit is up? I don't believe next year profit will go up. It will cum down/ stay same. Foreigners are quite smart, they exit even in this price. They smelled something, locals haven't yet... Good counter but needs time....

[CKActive Member]

Thanks LSE and jana

[LSETech Contributor]

LTP = 60.50

Next Resistance Levels for SPEN will be,

R6 - 74.83
R5 - 72.13
R4 - 69.43
R3 - 66.73
R2 - 64.03
R1 - 62.35 ---(H1)

Happy trading to you all....

[You must be registered and logged in to see this link.]

Now 57 then what??? Time to look at.

Buying pressure is increasing little by little. Interesting to see the next movement of the SPEN.

Note:
Sudden interest can be expect very soon. Technically SPEN is trading at the bottom.

So far so good. LTP = 59.40 Breaking the trend line will be the key. It's clear now SPEN is bit stable at the current support level of 57.00 and looking for a direction. Have a look at the below graph. Technically possible run can expect in coming days...

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


Thank You

[nihal123Top contributor]

Thanks LSE

[spw19721Active Member]

any updates?...

[BackstageTop contributor]

Thanks LSE.

[seekTop contributor]

There were and there is

There were very good years to collect this share where PE ratio was well below 10

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

[Ethical TraderTop contributor]

Thanks Seek.

[The Invisible]

Aitken Spence to sell Rs.1bn Maldivian island

ECONOMYNEXT- Sri Lanka's Aitken Spence Hotel Holdings Plc (AHUN) will be selling the lease rights to a Maldivian Island valued at 953 million rupees, the firm said.

AHUN, in its interim financials, said that its subsidiary Ace Resorts Pvt Ltd will be disposing the lease of the Raafushi island in the Noonu Atoll.



The balance sheet of AHUN showed the asset valued at 953 million rupees.



The 45.25 acres island, was leased by Ace Resorts from the Maldivian government for 668.5 million rupees (5 million US dollars) in 2015, the firm said in its annual reports.



It was the sixth island for which AHUN had acquired lease rights.



AHUN then had plans to finish construction of a resort in the island within two to three years.



However, the 2019 annual report of the firm showed the island "earmarked for the construction and development of a resort".



This year, the firm said that it will be pursuing an asset light strategy going forward.



AHUN said that it will look to manage properties in all of its operating countries (Sri Lanka, Maldives, Oman and India) instead of building and owning its own hotels. (Colombo/Aug08/2019)

[The Invisible]

Aitken Spence June profits fall amid Easter Sunday hit

ECONOMYNEXT- Diversified conglomerate Aitken Spence Plc said that its net profits for the June quarter fell 17 percent to 216.7 million rupees from a year earlier, as its leisure business took a hit from the Easter Sunday terror attacks.



Earnings per share for the quarter was 53 cents. Aitken Spence's share had closed trading at 45.10 rupees on Wednesday.



Group revenue for the June quarter grew 17.8 percent to 12.3 billion rupees. Raw material costs rose 101.6 percent to 3.9 billion rupees.



Net finance expenses grew 49.3 percent to 425.7 million rupees.



Long-term interest bearing liabilities grew 36.7 percent to 40.2 billion rupees as at end June from the start of the financial year three months earlier, as the firm adopted a new accounting standard on operating leases, which were also accounted as right-of-use assets.



Short-term borrowings grew 8.6 percent to 3.8 billion rupees during the quarter.



The group's leisure operations loss after tax rose to 512.3 million rupees in June from 296.2 million rupees a year earlier.



Leisure sector revenue fell to 4.5 billion rupees from 4.9 billion rupees a year earlier as the Sri Lankan hotel and tourism industries suffered after the Easter Sunday terror attacks.



However, the industry has shown a faster-than-expected recovery.



The maritime and logistics sector after tax profits rose to 446.9 million rupees from 350.7 million rupees while revenue in the segment remained flat at 2.1 billion rupees.



The group's strategic investments, which includes its power generation arm, reported 238.9 million rupees in post-tax profits, up from 201.6 million rupees, on revenue while rose to 5.2 billion rupees from 3 billion rupees. (Colombo/Aug08/2019)