Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post
Market Place

Add an ad

View all ads

Latest topics

» EAST Steady at 18
by mark Yesterday at 10:57 pm

» Reputation???
by Uaecoindubai Yesterday at 7:12 pm

» INVITATION TO FORUM MODERATORS
by Uaecoindubai Yesterday at 7:12 pm

» Daily Stock Market Update
by Insights Equity Yesterday at 6:47 pm

» INVEST ON AAIC, HASU, UAL.... YOU WILL NEVER WORRY......
by wisdom79 Yesterday at 5:56 pm

» Market will test 4700
by nuwanmja Yesterday at 4:16 pm

» Keep eye on Politics
by Maharaja Yesterday at 1:05 pm

» AIA INSURANCE DE-LISTING (CTCE)
by lokka1 Yesterday at 12:55 pm

» Sri Lanka’s Top 10 Imports
by Gajaya Yesterday at 11:16 am

» Top 10 Small Scale Business ideas & Opportunities in Sri Lanka 2019
by Gajaya Yesterday at 11:15 am

» when bank lending rates put down ?
by nuwanmja Yesterday at 11:01 am

» CSE from Dawn of Peace to Rebirth of Terrorism
by soileconomy Yesterday at 7:52 am

» Pakistan’s trade with Sri Lanka comes to a halt
by Teller Yesterday at 3:26 am

» Sri Lanka’s largest pension fund EPF return to Colombo Stocks
by wisdom79 Tue May 21, 2019 10:46 pm

» Sri Lanka's EPF enters stock market with blood in the streets
by God Father Tue May 21, 2019 8:21 pm

» Sri Lanka caught in the big power conflicts
by God Father Tue May 21, 2019 8:16 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Tue May 21, 2019 8:04 pm

» Hight Profile Selling at EAST
by Uaecoindubai Tue May 21, 2019 4:43 pm

» A Trader’s Guide to FIX Engine
by Brenda John Tue May 21, 2019 11:24 am

» Reasons for market to crash
by Uaecoindubai Tue May 21, 2019 10:08 am

» ගෙවුම් ශේෂය, වාහන බලපත් හා ඩොලරයේ මිල
by ChooBoy Mon May 20, 2019 5:59 pm

» Terrorism and its Impact on the Sri Lankan Economy
by ChooBoy Mon May 20, 2019 5:41 pm

» Sri Lanka Equity Market Place
by Sstar Mon May 20, 2019 4:36 pm

» Sri Lanka Equity Market Talk
by Sstar Mon May 20, 2019 12:23 pm

» Sri Lanka Equity Market Help
by Sstar Mon May 20, 2019 12:18 pm

» LOFC IN FOR A BIG RUN
by stockback Sun May 19, 2019 5:20 pm

» Look PAP Amazing company
by Uaecoindubai Sun May 19, 2019 5:13 pm

» Sri Lanka Equity Market Place
by Uaecoindubai Sun May 19, 2019 5:13 pm

» CSE NOW AND AFTER ELECTION
by Ahcha Sun May 19, 2019 4:40 pm

» Do not be greedy, rely on small profits Guide to the markets
by Asoka Samarakone Sun May 19, 2019 12:11 pm

» 6 % of EPF funds in stock market
by hammurabi Sat May 18, 2019 3:47 pm

» Weekly Stock Market Roundup
by Insights Equity Sat May 18, 2019 12:54 pm

» EPF Enter Stock Market
by visvajith Sat May 18, 2019 12:20 pm

» UNION BANK (UBC) to be takeover by Union bank of india
by Soilconomy Sat May 18, 2019 8:54 am

» SEC yet to publish its 2017 Annual Report
by ChooBoy Sat May 18, 2019 6:01 am

» 20th MAY IS IT A HOLIDAY FOR CSE?
by Winner123 Fri May 17, 2019 1:33 pm

» East total Hotel deal value US $ 58 Mn there will be another Dividend, Nahil's family is smart
by karuna2 Fri May 17, 2019 6:48 am

» What is going on with TFC.N0000
by Gihan04 Thu May 16, 2019 11:58 pm

» Sri Lanka's Commercial Bank's deposits surpass landmark Rs 1 Trillion in Q1 2019
by hammurabi Thu May 16, 2019 8:05 pm

» LIOC upward curve
by hammurabi Thu May 16, 2019 7:42 pm

» Maithree pala siresenas next winning chance
by Uaecoindubai Thu May 16, 2019 5:10 pm

» RENUKA CAPITAL PLC KZOO.N0000@2.80
by Uaecoindubai Thu May 16, 2019 5:05 pm

» Mahaweli coconut will be listed soon
by Uaecoindubai Thu May 16, 2019 4:57 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Falling Copper prices to benefit ACL.KCAB and SIRA...?

Falling Copper prices to benefit ACL.KCAB and SIRA...?

Go down  Message [Page 1 of 1]

warren buff


Equity Analytic
Equity Analytic
World Copper price have started to tumble on global weakness,Copper which reached a record $ 10,190 in FEB this year sank to $ 6800 on Sept 26 according Bloomberg and the London Metal Exchange and is expected to tumble further to around $6500 according to many analysts.
I believe that the above trend would impact favorably to the main copper wire manufacturers in the medium to long term as Copper and aluminium are two two main components or cables.

ACL is currently trading around 76/= as against a 52 Week high of Rs 107 .
Profits too have increased(June 2011 85.9mil. against June 2010 37.21mil.) indicating a positive trend.

KCAB is trading around 91 levels as against a 52 Week high of Rs139.
Quarterly profits too have increased dramatically (June2011 48.78mil against June 2010 5.67mil)
A director has purchased around 40,000 shares recently around 91 levels according to a CSE filing.

SIRA trading around 4.6 as against a 52 week high of Rs.6.4
Quarterly profits too have increased from 15.32mil in June 2011 to Rs 48.87mil in June 2011 and is bound to increase profits from it construction subsidiary and the planned PVC pipes and fittings factory.
Also the low absolute price would make it attractive to speculative play.

Please dont make any commitments based on the above details alone as they are sketchy(but with good intentions) and obviously a detailed and thorough analysis is needed before one ventures any further.

ddrperera


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
thanks i buy acl

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Normally once price is increased, it will not decrease even there is a significant decrease in raw material prices. That is the behavior in sri Lanka. So the Manufacturing companies will take the full advantage of it.

sajeethk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
But if they hedging the price they will not much affect price fluctuation. I am not sure their buying strategy of raw material. pls if anyone know abt this give your ideas..

123longway


Senior Equity Analytic
Senior Equity Analytic
Hi, to-day Bloomberg reoirted tat Copper abd Zinc advanced at least 1% in the London Market. It appears that the prices are fluctuating.

http://t.don.senaka@gmail.com

Universalgoal


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
but whats the reason for tumble have they invented better cable instead of copper ??

ABEST


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ACL is good price to buy

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
All three cable manufacturing companies listed in CSE have performed exceptionally in this period. Both ACL and KCAB looks very attractive.

Falling Copper prices to benefit ACL.KCAB and SIRA...? 210

kadik


Manager - Equity Analytics
Manager - Equity Analytics
why sira in not moving....

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Copper

Latest Price & Chart for High Grade Copper

End of day Commodity Futures Price Quotes for High Grade Copper

Falling Copper prices to benefit ACL.KCAB and SIRA...? 9e0b14e43046b233ee78eef4985e9b92 



Read more: http://www.nasdaq.com/markets/copper.aspx#ixzz4JCbcsyc0


Construction are starting

Copper prices are coming down

Cable companies 80% of cost of production is copper

Who are going to benefit.... drunken drunken drunken

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum