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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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Latest topics

» CCS.N0000 ( Ceylon Cold Stores)
Can BLI ignite another run? EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Can BLI ignite another run? EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Can BLI ignite another run? EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Can BLI ignite another run? EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Can BLI ignite another run? EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Can BLI ignite another run? EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Can BLI ignite another run? EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Can BLI ignite another run? EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Can BLI ignite another run? EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Can BLI ignite another run? EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Can BLI ignite another run? EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Can BLI ignite another run? EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Can BLI ignite another run? EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Can BLI ignite another run? EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Can BLI ignite another run? EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Can BLI ignite another run? EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Can BLI ignite another run? EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Can BLI ignite another run? EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Can BLI ignite another run? EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Can BLI ignite another run? EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Can BLI ignite another run? EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Can BLI ignite another run? EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Can BLI ignite another run? EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Can BLI ignite another run? EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Can BLI ignite another run? EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Can BLI ignite another run? EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Can BLI ignite another run? EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Can BLI ignite another run? EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Can BLI ignite another run? EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Can BLI ignite another run? EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Can BLI ignite another run? EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Can BLI ignite another run? EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Can BLI ignite another run? EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
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» Re-activating
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» අපි තමයි හොඳටම කරේ !
Can BLI ignite another run? EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Can BLI ignite another run? EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Can BLI ignite another run? EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Can BLI ignite another run? EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Can BLI ignite another run? EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Can BLI ignite another run? EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Can BLI ignite another run? EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Can BLI ignite another run? EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Can BLI ignite another run? EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Can BLI ignite another run? EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Can BLI ignite another run? EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Can BLI ignite another run? EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Can BLI ignite another run? EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Can BLI ignite another run? EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

» DV-2024 Program: Online Registration
Can BLI ignite another run? EmptyThu Oct 06, 2022 11:26 am by කිත්සිරි ද සිල්වා

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4 posters

    Can BLI ignite another run?

    smallville
    smallville
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    Top contributor


    Posts : 1872
    Join date : 2014-02-23
    Location : Trying to figure out..

    Can BLI ignite another run? Empty Can BLI ignite another run?

    Post by smallville Fri Oct 30, 2015 9:17 am

    I just saw some salient features of the previous run of BLI.. Just thot of sharing..

    Last couple of days, BLI was trying to get pushed up above 140 but by noon sell orders drag this to 136s again.. yesterday 32k vol traded.

    However,  Last time the run from 90s was initiated after 6 days from P.SAR signal. MACD confirmation came at 118.

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

    So what were the features?

    1. Prior to run, bollinger bands squeezed.
    2. P.SAR signal came early while MACD confirmation was delayed.

    What I'm seeing now?

    1. PSAR has turned now.. traded 3 days as well.
    2. Bollinger bands hav squeezed - meaning a breakout is near..
    3. MACD confirmation - Pending.. however, last time it was delayed.

    But if BLI goes to 130 again these will get invalidated.. Evil or Very Mad
    smallville
    smallville
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    Top contributor


    Posts : 1872
    Join date : 2014-02-23
    Location : Trying to figure out..

    Can BLI ignite another run? Empty Re: Can BLI ignite another run?

    Post by smallville Tue Nov 10, 2015 12:42 pm

    BLI has not let the investors down.. Massive increase in profitability.

    For the last 6 months;

    Equity holders show a 495% increase with 312 million profits. EPS is Rs. 5.79.

    On Assets side

    - Loans and advances improved to 5.22 billion from 3,09 billlion. That's a 69% growth.
    - Cash and bank balances improved to 387.7 million from 181.18 million. That's again 114% increase.

    On Liabilities side
    - Due to banks & other institutions increased to 4.74 billion from 2,563,278,338
    billion. That's 85% increase.

    Now NAV has improved to 22.25 from 16.47. This translate to 6 PBV where its really high for a financial institute.
    However, we've seen this typical growth from COCR as well when the share price was around 15-20. Their PBV was over 3.0 and was a growing company.

    - Customer Deposits improved to 629 million from 495 million. A 27% increase.
    - Borrowings increased by 2.5% to 2.17 billion from 2.12 billion.

    Micro business is tricky. Big companies have a difficulty in reaching rural areas as only daily collections would do the trick. Practically small players have the ability to carry out this "collection" task with area managers appointed.

    Anyways, BLI's results are astonishing imo.. I hope the share price wont disappoint us.
    There are 53.86 million Ordinary Shares. Shares would get doubled when the subdivided shares come to the market on 11th Nov - tomorrow.

    Be ready..
    avatar
    rameez


    Posts : 47
    Join date : 2014-10-28

    Can BLI ignite another run? Empty Re: Can BLI ignite another run?

    Post by rameez Tue Nov 10, 2015 12:55 pm

    The aftermath of the subdivision and the shock on seeing those Q3 figures should certainly drag down the price to around 55 which is still an overvalued price, unless we have yet another influencing performance by some of the investors as witnessed in the recent months.
    avatar
    yellow knife
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    Can BLI ignite another run? Empty Re: Can BLI ignite another run?

    Post by yellow knife Tue Nov 10, 2015 1:42 pm

    While appreciating the efforts of Small, Let me tell forum members,

    be very careful and analyze yourself before buying...

    My type is Long-term (if not life long) holding... So I will never enter when a share is too high...

    Since I was a trader earlier and got enough profits by trading, I would just say timing matters in trading...
    smallville
    smallville
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    Posts : 1872
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    Location : Trying to figure out..

    Can BLI ignite another run? Empty Re: Can BLI ignite another run?

    Post by smallville Wed Nov 11, 2015 9:44 am

    Yes.. Both YK & Rameez are correct. BLI is over valued at CMP. I highlighted this above thru my PBV calculation.

    However, if we thought about the same with COCR when it was at 20s (it was move than 3 PBV at that time) we would never even buy it.

    And see how much COCR earned thru micro finance. The latter is a successful business but there are risks. As I said, daily collection would
    keep the companies at the competitive edge or else they'll hve to write off some portion as impairment losses.

    My opinion is; this is a DG's company and we all know what a Govt with more UNP biased could do to his empire.

    So whoever said BLI is worth 100 or 200, buying above 70s is not guaranteed unless a run is witnessed.
    BullvsBear
    BullvsBear


    Posts : 136
    Join date : 2014-03-25
    Age : 38
    Location : Abu Dhabi

    Can BLI ignite another run? Empty Re: Can BLI ignite another run?

    Post by BullvsBear Wed Dec 16, 2015 11:30 pm

    Dear Smallville & other experts,

    Highly appreciate If you could publish an updated chart of BLI when the time permits...

    Thanks

      Current date/time is Mon Jun 17, 2024 8:28 pm