In this blog ,I have been watching all bad comments on Greg by so many generous advisers who do not like investors get into trouble .However foreign buying on Greg (specially Warrants) were remarkably increasing during last week.
All these analysts have forgotten that this investment Trust asks locals less than 10% of additional funds when needed. There is no other Investment company in CSE as such.Furthermore number of shares/warrants in the free float is so less that a slight increase in demand shoots the stock up.
It is obvious that some broker firms should not recommend #greg as they are owned by old stars and some may deliberately want to buy it at lower prices for big orders as they could not collect.However no one can prevent warrants reach 200LKR levels and #Greg(N) to reach 300LKR levels before 31st of March only using paper articles and internet propaganda.
However the major weakness of the company as I see is that they are not yet matured enough to deal with the world's best story dependent Stock market.
4 replies, bandara 9 Mar 10posted by dowjones, 8 Mar 10
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reply from dwdarshana, 8 Mar 10
We should believe what Dow Jones says.When #Greg was traded around 20LKR no one thought this would reach even 60LKR.There were only a handful of investors who knew that this would surpass JKH.
reply from MarketWatch, 8 Mar 10
Some stocks could become hot stocks time to time. Finally, they will go out of the market
I am not criticizing Greg. We have to see their performance and some good results in their accounts. Can somebody explain in detail what they are going to do in the future, their business plan etc.
I think investors; traders should invest in business they know very well. There are plenty of undervalued stocks available in the CSE.
If they cannot understand the business, then they should not invest
When one make profits others have to make losses. Average investors should think about margin of safety.
They should avoid hot stocks.
We will see new ten baggers during next five years. Sometimes they can reach the target during next 26 months due to new developments.
We should keep records for these types of stocks. New investors, foreign funds will enter the market during next 11 months. Some specialized funds will have completely different
Contrarian intelligent investment strategy and some of our less known companies will have great demand. Therefore some investors, traders should not worry about not having some hot stocks and blue chips companies in their portfolios in the future.
We can see next direction towards end of this year. There will be strong demand for some subgroups and sectors. We will have sectors oriented bull markets during next 10 years.
Following are Some of the all time high recorded in the past and recently.
When will they exceed and break above records? Can we see rapid growth in above companies to break above records?
All time high for three special companies in the CSE.
#SPEN: Rs.1450/- (reported recently)
Bairaha Farms BFL (Rs. 43.75 (reported recently) Their previous all time high in the past is: Rs.31/-
#HASU: Rs.60/- Reported recently.
Have you notices both #BFL and Aitkin Spence #SPEN have some similarities. Because they broke their previous all time high recently.
However, I am confident some stocks not only will break their past all time high records but also some important resistance levels in the future. These ten baggers will be biggest winners in the CSE during next 26 months to next five years.
They are breaking these records for their value, higher ROE, their market and product expansion and new developments etc. Some small and medium sized stocks will become future leaders in the market.
We will be able to see performance of some stocks during next nine months.
No stock will go straight up and down.
reply from MarketWatch, 8 Mar 10
Pl do home work. Donot depend on others.Vaule and future earnings are very important.
BFL is number one farm and food processing company is Sri_Lanaka. They should not declare higher final dividend. Instead they should make use money for productive investments then shareholder value will increase further. If they can maintain attractive ROE during next five years this can become ten baggers.
They have only one hurdle. That is maize. I think they will have solution to that also in the medium term
SPEN is number one diversified company exposure to hotels, travel. Transportation and plantations etc.
Next year going to be visit Sri-Lanka.
By 2010 they expect 1.5 million tourists.
Current year will exceed record arrivals of tourist in 2004.
Above companies will benefit most during next five years due to increased tourists.
Do some study on GREG during next 26 months? If we can see some good results in their balance sheets and if we can see they have bright future and value we can buy it in market correction and pull backs
reply from bandara, 9 Mar 10
Hi,
Don't expect HNB, JKH,DFCC,COMB to pass history best price levels.These companies had series of bonuses & rights issues after reporting above price levels. Now their share capital levels have increased.
These companies are not like plantations,bfl,hotels or grain etc....
Please use the forum for topics related to 'investments' only, be responsible when posting and replying to posts and respect other people's views. Thank you!
