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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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Beginner1
The Invisible
dhanurrox
slstock
sashimaal
The Alchemist
smallville
Leon
Ethical Trader
First Guy
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yellow knife
කිත්සිරි ද සිල්වා
pathfinder
18 posters

    East West properties

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    yellow knife
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    East West properties - Page 2 Empty Re: East West properties

    Post by yellow knife Thu Mar 23, 2017 7:37 am

    Good to see arguments... Its the arguments make one to take right decisions.. When we argue we see only one side and try to protect the side we are in openly. Yet within the mind we happen to see the other side as well... Thus arguing is really good in an investor's forum as it will make everyone to think irrespective of your side.

    I was a dedicated trader for 5 years since 2006 to 2011. The situation of SL perfectly matched for a trader. If you buy a worthy share like OSEA today at a bargained price  , tomorrow when you hear that LTTE has attacked to Air Port, Central Bank, Telecom, or Navy Commander Clancy Fernando, the next a market drop. So that was not the right thing to hold from 2006 to May 2009. From that onward we had triumph mentality. It was like UK after regaining Falkland Islands. Immediately market rallies were created. LCEM, CSEC, Blue, DPL, Greg, Reef, WAPO and East comet to mind as good rallies. The investors were not interested in Annual Reports, EPS, DPS nothing. Its only feeling the pulses of rallies. WE the young then enjoyed .. it was the names that matters .. Who bought this big Q of PMB... or N...wow... a rally within hours ... Pump and Dump some said. We enjoyed the roller coaster.. Either Luck or something like Foolishness helped me a lot.. I made quick bucks.. It was not only me... many were lucky.. but some said there must be sufferers....

    2011 Market was too hot to handle.. Luckily I started to learn the market .. I saved myself by clinging to good stocks .. and from 2011 to 2016 August I moved to Fundamentally sound stocks. It was not foolish rallies. But reason driven. Like Oil Price and commodity market prices. Developing good strategies like buying equal quantities in Namu and REXP made my PF and all weather one. I of course made blunders during this period like holding LIOC for too long believing its worth for long term. Further it held half of my PF.

    During these two terms I was not on Margin. So I was not burning with sleepless nights. Now I see the PF should be balanced like said in books. Not only Equities, but Debt Instruments, commodities like Gold must be there. I moved to Cash, FDs, Savings and also Gold.

    ************************************

    Now back to EAST

    Yes there is a created interest on EAST during last few days. Its amazing to see the interest created towards EAST during a dull and declining market and I dont believe foreigners are buying EAST...( I did not check that ) So it must be retailers.. If the directors are collecting its must appear as notices..

    Surprisingly no TAs are giving resistance levels to the ASI .. yet its falling.. amidst of that there is an interest towards EAST with nice fluctuations


    I understand this forum is also full of short term gainers than long term holders. If we just look at the amount of posts read, definitely the highest count comes with speculative.

    In a democratic stream

    1. If the majority prefers Speculation, let that be the dominant

    2. No restrictions should be upon writings or sharing

    Yet I am an ardent supporter of dictatorship and throughout the world the majority behave based on programming of dedicated dictatorial minority which may come in the form of Mossad, CIA, KGB, Rotschild, BBC, Reuters, Al Jazeera etc...

    Regarding EAST... since the forum is democratic let the majority win.
    slstock
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    East West properties - Page 2 Empty Re: East West properties

    Post by slstock Thu Mar 23, 2017 9:41 am



    I see SLS  name dragged into to this thread again !
    Now I cannot keep shut after seeing all this.
    Take it the right way or the wrong way will depend on your decency level.


    ~~~~~~~~~~~~


    GENERAL NOTES :


    1) Everyone should know

    *   Nearly 300 shares  are listed at CSE.
      Yes all of them are game for trading at some point.
      It is obvious there are many traders/short term people here than investors.
       
    * If you find short term entry and exit point,  YES you can make money out of ANY SHARE.  

    * But like it or not , share markets factually are supposed to run on fundamental valuation though it may not appear such to many nowadays who don't care or are inexperienced or dejected on CSE.

    * There are shares at CSE which has no real value even or are at artificial highs and should not be even listed at CSE. No one cares. But they can be money making vehicles if you play the game.  Yes.

    * Hence some of the shares  are Death Traps artificially held up or manipulated at times.  ( like when ALUF was at Rs 50 , HEXP at Rs 90 , COCR at Rs70 and was pushed up in each case I warned )
     
    * When  trading such,  few  may win if you play the game. But many  innocent will burn in dealing with such shares holding the baby at the top.
     

    * So everyone should  use ones own judgement/ethics to figure  out which shares you should  make money out of and which  not to  (even if you can). I will leave the decision , ethics or karma for you to decide on.



    NOTE:  I put time to give a  General factful  Message to public here.  EAST is not really in the terrible  category but also not in the best either.



    ~~~~~~~~~~~~~~~~~~~~~~~~


    2) On EAST :

    It is my conscious duty to say my mind  on EAST behavior as it is appears unnatural now.

    * When whole CSE is going down the hill ( btw at ASI 6127  I did warn on Be careful thread and else where),   isn't it interesting why EAST was pushed up so quickly even when a 12% dividend REG.N share is not reacting ??  
     
    * I will not spend my time to make big posts on EAST studies as many don't care  to learn the depth.
     
    * As this is about  Short Term trades to make money ... just be aware of the below  at this stage


    Facts :  
    -EAST was trading at Rs 12 one fine morning only few days ago.  
    - There are many shares ( east was one of them  I guess), that can bounce backsooner than later when deeply in oversold territory ( for trades)
    - But what happened for EAST is interesting.
     All morning EAST was selling at Rs 12. Suddenly all EAST shares from Rs 12-14 was bought by someone within few minutes. ( yes I kept watch that day)
    - Even more interestingly it was pushed from Rs 12-14 with only 25000 shares !
    ( that less than Rs 3 laks do you believe !!!)
    - Now I see a larger volume of trades happened yesterday at Rs 14+.
    - Also a fact yesterday : there were more EAST  sales than buys  
                               

    *  So  what is really going on ? I don't know. No inside info I have.

    a) is it  push and dump ( a short term death trap that can come soon)

    b) maybe push for a right issue/private placement as YK indicated ( which is possible)

    c) or is a gold mine uncovering on future Hotel value we don't know

    d) or just harmless technical bounce back after major fall

    If a share was Rs 50 and fallen to Rs 28 , at some point it is going to bounce back- whether it has value or no value.  But is it a good share to make money is a personal call and how far should one chase is another.

     
    * Anyway from a fundamental analysis of the future EAST hotel , it too early to comment. Even a CITW a 5 star hotel  is struggling to break even after several years . So is BBH.


    * You are free to trade or do anything.. but I did my part to say what I knew / felt on EAST as civic duty.


    ~~~~~~~~~~~~~~~~~~


    3) My Post on Aluminium  

     carries a much Deeper message I don't think many people understood.  


    i)  I think warnings for public  should come at Promotion times when everyone is trying to push prices to dump on others    
     
      ex :
    ALUF was already at Rs 45-47  and trying to be pushed to Rs 50-55 to be dumped ( Now Rs 28). I did warn on ALUF at around Rs 45.    
    PARQ was trying to be promoted to Rs 80 - Rs 100  . I did warn then and was attacked for doign such by gangs.
    LALU was trying to be pushed to Rs 130-150
    ALUM to Rs 27-30

    So during the near short term peaks for these shares , where coincidently when Alumium world prices ( last August/Sept 2016) started going up, they were promoted by multiple parties/forums  with clear ( or not so clear) intention to be dumped later.

    When I tried to make sense and warned using logic I was attacked saying  future for such shares is bright and am the bad egg  for stopping people from discussing/predicting on such when they were already at their peaks
    ( Err in reality actually many were just promoting  such to dump)
    But people who warned such at the right time are the bad people. Nice Sri lanka.


    ii)  Now many people who have dumped their shares  maybe waiting to collect the same shares lower again

    Since some are  at 50% crash ( ex ALUF) ..  soon a BUYING time  for such ( atleast for trading) will come.  
       
    Hope my Aluminum share message is now clear.
    People who appreciate  what I tried to do then/now can/will do so and others naturally will find fault and attack. It your call . Not mine .I  did what I had to do.




    ~~~~~~~~~~~~~~~~~~~~~~
     

    4) Observation on  "ET question" and many events that followed

    I am not going to get into involved this ... but for human decency I raise below  


    I see ET asked a question.
    If one feels he did wrong asking a question , they can answer him directly/decently I presume. That called conversation.

    I see already 5 people commented against ET .  ET is now by himself and hope I have no  objection to point out something which evaded everyone including administration.


    Does anyone notice

    i) ET has got 5 NEGATIVE REPS ( seems negative rep system is now enabled and "like" is gone )
    ii) Also he got a lot of responses/opinions against his post


    Questions to ask

    a) Who and why did 5 people give ET negative reps for asking direct question?  Is there abusive language on it ? Is he such bad guy for asking questions ?

    b) If you want to react / fight  ET ,   say it directly via answers . It think it is the better way.

    c) Agree or disagree with ET is another matter. But   giving  5 negative reps behind the back  as Groups is questionable  as I don't really see how he committed the  crime of the century for asking  a question ( or giving opinion) ..


    Also note :

    When I made a very detailed time consuming  post on RWSL ( I do not still hold it),   I was surprised to see many negative views on RWSL. Yet RWSL  is as  of now a fundamental share.

    But no matter what ,  I made sure I did not attack anyone who said negative stuff or questioned me on RWSL . I tried to answer  their concerns/ questions from what I knew.

    No people GANGED  up to defend /support me either.
     https://forum.lankaninvestor.com/t1377p75-rwsl-what-do-you-think#79626



    Something is not right here.
    Though people appear to  fight for freedom here,  is it biased is a question.
    If  Freedom is needed to to do anything you want or say , it should apply  to everyone in democratic forum.


    ~~~~~~~~~~


    Btw get ready on CSE.










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    yellow knife
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    East West properties - Page 2 Empty Re: East West properties

    Post by yellow knife Thu Mar 23, 2017 9:59 am

    I did not expect you in this hour SLS... its a timely appearance.

    Thanks for taking time and post.

    ET, never count + or - responses you get. Write .. Ask.. Inquire... this forum belongs to all

    ET never get disheartened... majority ( often the mob) is always short sighted.

    Jesus Christ was selected by the majority for crucifying but not Barabbas...

    This is why even at UNO they have VETO which is utterly undemocratic..

    Future had same response... anyone who swim against the tide will have tough time.

    *********************************

    EAST take your own analyzed decisions... enough is discussed ...

    *****************************

    To the majority...pls respect others who have opposing view of yours...
    pathfinder
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    East West properties - Page 2 Empty Re: East West properties

    Post by pathfinder Thu Mar 23, 2017 6:42 pm

    It's very nice to see opposing views flowing without sling mud.

    Throught this thread I tried to answer decently.When I was not clear about YK's post I asked a direct question from him and he answered nicely.I too appreciated it.

    Let me quote some of the things to highlight what I was telling all this time.



    slstock wrote:

    2) On EAST :

    It is  my conscious duty to say my mind  on EAST behavior as it is appears unnatural now.

    * When whole CSE is going down the hill ( btw at ASI 6127  I did warn on Be careful thread and else where),   isn't it interesting why EAST was pushed up so quickly even when a 12% dividend REG.N share is not reacting ??  
     
    * I will not spend my time to make big posts on EAST studies as many don't care  to learn the depth.
     
    * As this is about  Short Term trades to make money ... just be aware of the below  at this stage


    Facts :  
    -EAST was trading at Rs 12 one fine morning only few days ago.  
    - There are many shares ( east was one of them  I guess), that can bounce backsooner than later when deeply in oversold territory ( for trades)
    - But what happened for EAST is interesting.
     All morning EAST was selling at Rs 12. Suddenly all EAST shares from Rs 12-14 was bought by someone within few minutes.  ( yes I kept watch that day)
    - Even more interestingly it was pushed from Rs 12-14 with only 25000 shares !
    ( that less than Rs 3 laks do you believe !!!)
    - Now I see a larger volume of trades happened yesterday at Rs 14+.
    - Also a fact yesterday :  there were more EAST  sales than buys  
                               

    *  So  what is really going on ? I don't know. No inside info I have.

    a) is it  push and dump ( a short term death trap that can come soon)

    b) maybe push for a right issue/private placement as YK indicated ( which is possible)

    c) or is a gold mine uncovering on future Hotel value we don't know

    d) or just harmless technical bounce back after major fall

    If a share was Rs 50 and fallen to Rs 28 , at some point it is going to bounce back- whether it has value or no value.  But is it a good share to make money is a personal call and how far should one chase is another.

     
    *  Anyway from a fundamental analysis of the future EAST hotel , it too early to comment.  Even a CITW a 5 star hotel  is struggling to break even after several years . So is BBH.


    * You are free to trade or do anything.. but I did my part to say what I knew / felt on EAST as civic duty.


    ~~~~~~~~~~~~~~~~~~


    I too do not have any inside info.

    I saw a possible reversal of EAST while screening charts,Then I did a study and post it here.
    I do not know who bought it, but yesterday foreign activity shows foreign buying for the counter.I have no idea where it's going to land.


    slstock wrote:
     

    4) Observation on  "ET question" and many events that followed

    I am not going to get into involved this ... but for human decency I raise below  


    I see ET asked a question.
    If one feels he did wrong asking a question , they can answer him directly/decently I presume. That called conversation.



    This was ET's question,

    Ethical Trader wrote:?Aren't  there any better/sound/safer shares in the CSE @ bargain prices than this one. Why should experts waste their time on this one?  

    In this question I don't see he has asked any valid question on EAST.

    If ET is not cleared about what I said he could have asked directly with quoting my post.Instead he asked Why should experts waste their time on this one?

    That particular question does not direct the thread to a fruitful discussion.

    This is my writing style.If it's wrong I'm the one should get it corrected.So please show me what I have done wrong in this thread.
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    Post by smallville Fri Mar 24, 2017 7:53 am

    See Path, pls understand that ET clearly has a problem. His method of asking questions instigate turmoils amongst members. He serves a purpose. He destroys threads and takes them to meaningless arguments.

    ET thinks experts should always talk about shares that has a fundamental value. You talk about LWL, CIND, RCL, TYRE, and some other good shares, yet he do not come praise you. So let him solve his own problems and you do your work.

    I see that Alchem has also spoken on being open on writing. That's his genuinity, greatness.... He understood the problem. As you have done nothing wrong asking others what you have done wrong is a way for them to find faults with you. Just becuz one person cannot understand the difference between trading and investment, we're wasting our time writing hell a load of paragraphs here.. Utter waste of time..

    Next time, pls post a chart and elaborate on that. Then there'll be better understanding.

    The biggest problem is we're divided. Some come here to find faults, some others come here when questioned. Another comes here for questioning only - they dont utter a single word about investment but questions.
    So lets keep a track of different personalities.. Sometimes its fun Very Happy


    Last edited by smallville on Fri Mar 24, 2017 8:04 am; edited 1 time in total


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    Post by First Guy Fri Mar 24, 2017 8:00 am

    ok, please let's stop debating this.

    To answer ET, there was no particular reason that I posted on EAST. I followed up on the thread with what I saw.

    Let's not sling mud or drag this out of topic.

    On topic
    1) JKH is one good share to trade recent times, does not mean it is a bad stock.
    2) Director has bought EAST at up to 14/-, again it does not mean much.
    3) The hotel will need miracle to post big profits and create value for EAST in short term.
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    Post by pathfinder Fri Mar 24, 2017 7:49 pm

    smallville wrote:

    Next time, pls post a chart and elaborate on that. Then there'll be better understanding.

    The biggest problem is we're divided. Some come here to find faults, some others come here when questioned. Another comes here for questioning only - they dont utter a single word about investment but questions.
    So lets keep a track of different personalities.. Sometimes its fun Very Happy

    Yes Small you are correct.

    Next time I'll try to include a chart.

    First Guy wrote:ok, please let's stop debating this.

    Let's not sling mud or drag this out of topic.


    Yes FG I'll stop this matter as there is nothing more to prove as it's clear what has happened.
    I didn't want to drag the topic away from the main subject.But unnecessary questions prompted me to keep on writing as I have not done anything wrong to my conscious.

    Some may categorized it as Ego.I do not bow my head to anybody if my conscious say I haven't done anything wrong.
    I'm ready to correct my self if I'm wrong.I asked to point out if there is anything wrong in my post,Nobody pointed out such.
    So I assume there was none and continue the same writing pattern.
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    Post by pathfinder Mon May 08, 2017 7:49 pm

    It's very sad that this thread was dragged away from main subject.

    EAST crossed 10D SMA above downward and MACD shows negative crossing,RSI too moving downward direction.
    Technically EAST can go for ST price correction.
    Interested people can study charts and take decision.

    EAST gave about 20% after my Tech call.
    Wrote this for the courtesy of few decent people here.


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    Post by කිත්සිරි ද සිල්වා Mon May 08, 2017 9:47 pm

    Just curious.
    Can two persons with same level of competence  looking at the same technical charts give two different targets? Very Happy


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    Post by pathfinder Mon May 08, 2017 11:18 pm

    කිත්සිරි ද සිල්වා wrote:Just curious.
    Can two persons with same level of competence  looking at the same technical charts give two different targets? Very Happy
    I thought not to write anymore in this thread,but when a independent person like you asked a question one should reply.

    Good question Kith
    Different Tech people use different methods for their predictions
    Giving targets by looking at same chart depends on individual's experience and knowledge.

    In my experience giving exact price targets are very difficult,but if someone can develop a sharp eye he could identify reversals and decide buy sell points.
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    Post by කිත්සිරි ද සිල්වා Tue May 09, 2017 7:36 am

    Thanks Path.  Very Happy

    (This could be one of the reasons why we have seen some Clash of Titans here lately).

    Hope, you will keep posting in future despite the previous not so pleasant experiences here.

    pathfinder wrote:
    කිත්සිරි ද සිල්වා wrote:Just curious.
    Can two persons with same level of competence  looking at the same technical charts give two different targets? Very Happy

    I thought not to write anymore in this thread,but when a independent person like you asked a question one should reply.

    Good question Kith
    Different Tech people use different methods for their predictions
    Giving targets by looking at same chart depends on individual's experience and knowledge.

    In my experience giving exact price targets are very difficult,but if someone can develop a sharp eye he could identify reversals and decide buy sell points.


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    Post by CK Tue May 09, 2017 8:13 am

    Thanks path. Pls keep writing . Lots are learning and benifit from your analysis.
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    Post by yellow knife Mon Feb 26, 2018 4:54 pm

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    If I am not mistaken EPF has invested in the Hotel Project of this company and has not earned a single cent as return for last four years.
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    Post by Ethical Trader Mon Feb 26, 2018 5:07 pm

    Thanks.
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    Post by sashimaal Thu Apr 11, 2019 6:11 pm

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    Post by dhanurrox Fri Apr 12, 2019 5:27 am

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    Post by The Invisible Mon Aug 05, 2019 11:15 pm

    Its interesting that this thread has not been updated for recent events. The investor attention on this stock is gaining momentum again on the eve of release of June quarter report.

    Any body looks at the reason for another investor rush? Today alone 1.8mn or so shares traded at a high of 9.20 closing @ 9.

    Below I have given three links which helps you to figure out a kind of report that we can expect by the end of this month or the beginning of the next month.

    Sale of Weligama Hotel Properties
    [You must be registered and logged in to see this link.]
    They have got close to 3bn as cash and 1.9bn as capital gains

    AR 2017/18
    [You must be registered and logged in to see this link.]

    Accounts 2018/19
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    As at 31st March 18 the Hotel segment has an asset value of 6.7bn , interest bearing borrowing of 4.3bn, current liabilities of 1.3bn and the rest by way of share capital & reserves.

    As at 31st March 19 the EAST company NAV was around Rs 10/-.

    Implications of the sale
    1.8bn cash under current assets (3bn proceeds - 1.2bn dividend payment)

    1bn remaining interest bearing borrowings after carve out of the hotel business. If we assume they have settled this in Apr - June from the excess cash of 1.8bn then the company will be a debt-free company with no finance cost pressure in the P&L

    Capital gain of 1.9bn will add to reserves and will boost the NAV by Rs 13.5 making the NAV per share Rs 24/-

    Further they will have around 0.8bn in cash and can invest to develop the other businesses or to generate interest income. Now the stock price is Rs 9/- and how much investors willing to offer for EAST stock considering all these developments.

    This is open for the forum experts to articulate.
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    Post by Beginner1 Tue Aug 06, 2019 1:06 am

    One of my favorite share. Neutral
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    Post by slstock Tue Aug 06, 2019 5:30 am


    1)
    This is NOT an "INVESTOR Rush" for EAST.

    * This is a speculative trading rush EAST is renowned for time to time.
    * If there was any true Investor he/she would have looked at it at
    when it was trading around Rs 6-7 few weeks ago . Not at Rs 9.



    2) Here is what happened since March.


    * EAST was trading at around Rs 18 on speculation in March after lot of pushes.
    * Much speculation on Hotel Sale and then trading  pumps was happening
      at various forum to push to Rs 25.
    * I Warned not to over blow the price ( see below)
    * Yes , Hotel Sale did happen.
    * But EAST price did not rise again  as promoters said
    * Actually price started falling to Rs 17 after the sale
    * Then Rs 8.5 Dividend announced from capital gain.
    * Instead of share price increasing ( after big dividend),
     Share further DROPPED to Rs 15 +  !!! ( after dividend announcement)
    WHY?
    * After dividend , EAST  was trading around Rs 6-7 until very recent !  
       No one talked about it.
    * Now Trading interest  and  momentum  has built again on EAST
       Share went from Rs 7 to to Rs 9.2 .

    LOOK GUYS.  
    ONE CAN DO TRADES. NO PROBLEM.
    EAST IS TRADER FAVORITE.
    BUT LET'S BE REALISTIC.  


    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~



    Invisible,


    I think you need to revisit all the below  calculation you made.


    1)  Why  is  EAST  NAV Rs 10  in MArch?
        I see only Rs 4.06


    2)

    " 1.8bn cash under current assets (3bn proceeds - 1.2bn dividend payment)"

    Is this accurate?

    a) How much of  Weligama Hotel Properties does EAST own ?
    b) How much was the investment value?
    c) How much was the sale value ?
    d) How much payment for dividend  already made ?



    3) EAST NAV  will be of Rs 24 in June Quarter results ?
       You sure ?






    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~






    Below  is what stated at BE CAREFUL thread when  was over blown last time.

    a) Even after sale happening , did the EAST price go up
    than my alerting price ( when it was around Rs 18 ?)
    Nope.

    b) There are Questions I asked about EAST and VALUE
    before all this drama. No one answered then. See below   post.


    slstock wrote:EAST WEST ( EAST.N) : FACTS + Maybe a warning



    ~~~~~~~~~~~~~


    To the truth/ knowledge seeking people  

    I know some don't care for facts, truth and  knowledge.  
    Their goals are different. So they will not value these posts.

    But  I know  if these posts helps to  open eyes  of even one person who want to learn and prevent him/her from getting into to mess,  it would serve the effort put here.


    ~~~~~~~~~~~~~~~~~~


    To the People who want to do quick trades  

    When I make a warning on a   false  moving share or share you Trade/d,
    some of you can hate me for obvious reasons Wink
    I also know you internally will never likes post like this.

    But did you realize it is blessing in disguise????
    These posts  could also be taken as strategy to do ANNA AND PANNA .

    All these warning I make  are because

    a) either I sense a game ( pump or dump)  is going to happen

    b) game has happened and it can happen again

    c) AND to reveal factual truths before the shareholder can get into big trouble


    So post like this  can give opportunities for you to make quick money .

    Ever thought about it?  
    So why dislike  SLS warnings haha.


    ~~~~~~~~~~~~~~


    FACTS on EAST


    1) EAST is a manipulator favorite share at CSE for a  very longtime.  Its share base and the ease of it to move on a simple or speculative news make it such.


    ~~~~~~~


    2) News/ speculations, false valuations are time to time made public via media ( including  forums) to make this move to pump and dump.

    So there were  lot of trading ops with EAST.  


    ~~~~~


    3) Only last week,  EAST suddenly ( yet again)  moved 25+% in one day.

    Why? ( Some will ask who cares , we made money. Hooray. Ok I know)

    Was an amazing financial report coming ?
    Is their Hotel going to be sold for Multi Billions making EAST shareholders so rich?


    ~~~~~~~~~~~~~~~

    4)  REALITY !!!

    Their financial report was released the same day evening .
    SO A RUN BEFORE THE DUMP. YET ANOTHER CLEAR PUMP AND DUMP !

    Some who had got the leaked news, had money to throw
    around and  make a PUMP made millions  on the  head of the gullible retailers  


    Yes Few won.   Some smaller retailer/traders would have joined the
    train in the middle  to make quick trades/profit too.

    But reality is many lost at these  Dumps. It happened through EAST history.  
    CSE AUTHORITIES ARE SILENT!


    ~~~~~~~~~~~~~

    5)  Here is latest Fin the report

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


    I highlight the latest results

    1) EAST 9 month LOSS is Rs 1.168 billion.
        Negative eps for 9 months - Rs 6

    2) NAV today is Rs 2.5 ( yes Rs 2.5) .
      I year ago NAV Rs  8.75 .
      What a mess!!

    ( I explained yet again  why  NAV is needed  in another thread - maybe LWL )

    What going on here?
    Still trading at Rs 15.8 now.  ( after dropping from  Rs 18+  after the pump )


    ~~~~~~~~~~~~


    6) East made a CSE news release few days ago.
    ( after the pump and dump and financial report release)

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


    READ.  
    Ask yourself what is wrong with this news announcement.
    Does it bother your logic?


    ~~~~~~~~~~~~~~~~~~~~~~~~~~~

    7) THERE IS ONE MAGIC  TRICK IN THEIR  BASKET STILL !!

    It will make this share newsworthy for pumps and dumps
    that can happen again.



    Ah yes , the sale of Weligama Hotel to Singapore company!


    2 things can happen

    a) this sale will happen
    b) this sale will not happen


    Hey I am not going to do all the work.
    Here is some homework.
    I ask you learning oriented enthusiasts one question!


    Question :

    Even if this sale happens, how much can EAST earn really from the deal
    ( and how much can their NAV go up) ?

    In essence I am asking the real market value of EAST  
    compared to other companies in the property sector?  

    Here is a going concern Auditor report to help you.
    Read the middle page ( 1 page in the middle )

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



    Let see whether anyone answers the real question?


    ~~~~~~~~~~~~~~~~~


    BTw, note , as long as EAST is trading , more games can be expected.

    Whether it is
    Pump to Rs 25
    or is it a dump  to Rs ...
    I don't know.

    Let the market decide.


    I am  just spending my time to help alert public on facts.


    ps :  I did not trade with this share this time.   I have before.


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    Post by The Invisible Tue Aug 06, 2019 7:50 am

    Thanks SLS for the points highlighted. Lets discuss one by one.

    The numbers were derived through a simulation exercise based on available financials and the 18th April announcement all of which were attached.

    lets go one by one.
    Cash of 3bn - As per the announcement Marriott has paid 2.8bn as sales value for 71% stake pluss Weligama hotel themselves paid another 0.2 bn to EAST as settlement of loan so altogether in April company has got 3bn cash (can be 100% in cash or a balance to be received which I dont know)

    Dividend - they declared 8.5 per share for 138mn shares so they distributed 1.2 bn out of the sale proceeds. Meaning they should have left with 1.8bn excess cash to do something.

    NAV - yes the NAV for group was 4 and for company was 10. According to my simulation exercise EAST has to report more or less their company results as group results because the hotel segment will no more. So group BS minus hotel BS has been simulated as EAST BS in June quarter so the starting NAV to be 10. And on top of that they need to report the capital gain on the sale which I estimate to take the NAV towards 24.

    Then what do they do with excess cash of 1.8bn. When we minus hotel interest braring borrowings from group borrowings EAST will end up with another 1bn or so so logically they should settle this loan too and make the new BS debt free.
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    Post by The Invisible Tue Aug 06, 2019 8:01 am

    Then need to add something on trading with EAST.

    Yes I am too with the similar view of SLS on EAST where the stock is speculative as well as manipulative. The biggest manipulators are non other than the director board. When ever we see a run on EAST the next thing we see is announcement on director selling. So I am not surprised even in this time too if there is an announcement stating director sale @ 9 or so.

    In conclusion traders have to know the personality of the stock before start trading and also should have an idea for the background of any speculation. Its a very highly tradable stock as well as highly manipulative stock so traders need to decide what kind of risk they are willing to take with this stock.
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    Post by The Invisible Tue Aug 06, 2019 8:13 am

    The next point I was talking is the future of EAST though its too early. That was again a simulation after taking into account the available facts.

    If we look at the segmental breakup it was the hotel segment that succed the group value and minus that the state of other businesses are just ok.

    When the excess cash is utilised to repay remaining expensive money then they will have zero debt BS. Also they will have a cash balance to atlest invest in fixed income options to generate stable earnings similar to what CSD has done. Or else they can invest to expand existing segment or can go for new businesses.

    Though this is a simulation of too early one sure thing is that wuthout hotel segment plus the cash they have got their p&l and the BS should look better in the quarters to come than the current seen numbers.

    We will have a continued discussion on the same when we see their June report.
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    Post by slstock Tue Aug 06, 2019 8:17 am

    Invi ,


    *  Even after this hotel sale , the group own some other subsidiaries,
    assets/liabilities. You will need to take Group NAV as far as am concerned.
       Not Company NAV.  

    * Also I reiterate  what I already said on calculating the real gain
      and ultimate NAV of  EAST ( after dividend paid)


    Will not  spend further time on this, other than considerable time
    already taken to explain.  We will see the Quarter report soon.

    ~~~~~~~~~~~~


    Btw Invi, just curios is ID Braveheart known to you?



    The Invisible wrote:Thanks SLS for the points highlighted. Lets discuss one by one.

    The numbers were derived through a simulation exercise based on available financials and the 18th April announcement all of which were attached.

    lets go one by one.
    Cash of 3bn - As per the announcement Marriott has paid 2.8bn as sales value for 71% stake pluss Weligama hotel themselves paid another 0.2 bn to EAST as settlement of loan so altogether in April company has got 3bn cash (can be 100% in cash or a balance to be received which I dont know)

    Dividend - they declared 8.5 per share for 138mn shares so they distributed 1.2 bn out of the sale proceeds. Meaning they should have left with 1.8bn excess cash to do something.

    NAV - yes the NAV for group was 4 and for company was 10. According to my simulation exercise EAST has to report more or less their company results as group results because the hotel segment will no more. So group BS minus hotel BS has been simulated as EAST BS in June quarter so the starting NAV to be 10. And on top of that they need to report the capital gain on the sale which I estimate to take the NAV towards 24.

    Then what do they do with excess cash of 1.8bn. When we minus hotel interest braring borrowings from group borrowings EAST will end up with another 1bn or so so logically they should settle this loan too and make the new BS debt free.


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    Post by LSE Wed Oct 16, 2019 11:38 am


    EAST.N0000 as per the Interim Financial Statements as of 30th June 2019,

    Net Assets Value Per share = 14.02
    Earnings per Share = 11.74

    Currently EAST is trading at 9.00

    Any comments guys...? study
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    Post by yellow knife Wed Oct 16, 2019 12:06 pm

    Some quotes from Cash flow statements...

    Proceeds from Disposal of  Subsidiary  Shares   2,387,361,690



    Dividend  Payment                                            (1,175,040,000)


    Lets wait for the next  quarter report and look at the EPS



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      Current date/time is Fri Jul 19, 2024 5:01 pm