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
සිංහල පරිවර්තනය
Poll

SLEF Market Sentiment Indicator

73% 73% [ 1145 ]
27% 27% [ 428 ]

Total Votes : 1573

Latest topics
» Planning to buy some shares - Suggession please
by kjojo Today at 10:16 am

» LLUB - At the Current Price
by glad Today at 9:52 am

» LCEM 10/-.......
by kjojo Today at 9:37 am

» Save the stock market- and may be they (cse) will bring down the cse & sec levy.
by sheildskye Today at 9:14 am

» LANKA CEMENT....STILL GOOD
by Wimal Modawansa Today at 9:09 am

» BALA WILL BE A STAR
by Wimal Modawansa Today at 9:05 am

» CFVF run Will start soon
by kjojo Today at 8:12 am

» KZOO ... KZOO ...Stock Buy Back underway ?
by Namal Yesterday at 10:08 pm

» The New Pope: Bergoglio of Argentina
by leasingmandate Yesterday at 5:41 pm

» HEXP Starts Next Run to Rs.300
by kjojo Yesterday at 2:54 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by trasantha Yesterday at 8:03 am

» VALLIBEL FINANCE PLC
by Yahapalanaya Yesterday at 5:21 am

» Comparison TAFL,BFL & GRAN
by wisdom Yesterday at 3:40 am

» UDPL Next Run soon
by kovida Tue Oct 17, 2017 10:58 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 17, 2017 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Tue Oct 17, 2017 1:53 pm

» watch CSF
by kjojo Tue Oct 17, 2017 12:21 pm

» RENUKA CAPITAL PLC (KZOO.N0000)
by The Hunter Tue Oct 17, 2017 10:08 am

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Tue Oct 17, 2017 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Tue Oct 17, 2017 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Tue Oct 17, 2017 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Tue Oct 17, 2017 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Tue Oct 17, 2017 4:40 am

» PABC : This must pass 20 rs. level very soon
by kcrRanz Tue Oct 17, 2017 4:37 am

» Why CSEC going up....???
by kcrRanz Tue Oct 17, 2017 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Tue Oct 17, 2017 3:17 am

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Mon Oct 16, 2017 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Mon Oct 16, 2017 2:11 pm

» Today run LOFC 5+
by kjojo Mon Oct 16, 2017 12:45 pm

» LOFC 7+ next week
by kjojo Mon Oct 16, 2017 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Mon Oct 16, 2017 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Mon Oct 16, 2017 10:54 am

» From today - Watch Watch
by Richman Mon Oct 16, 2017 8:44 am

» IS CTBL.N ready to run ?
by Richman Mon Oct 16, 2017 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Mon Oct 16, 2017 8:10 am

» Recommended buys in planation
by Wimal Modawansa Mon Oct 16, 2017 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» AINV.N is ready to run ?
by kjojo Wed Oct 11, 2017 10:46 am

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

» HEXP Start next run to 150
by Miss-Sangeetha Mon Oct 09, 2017 11:56 am

» Top Ten Tomorrow (TTT)
by Wimal Modawansa Mon Oct 09, 2017 10:28 am

» Although there is a huge buying pressure, why not AINV.N move ?
by Eugine Fernando Mon Oct 09, 2017 10:25 am

» Next ALUF Target Price 40
by kcrRanz Mon Oct 09, 2017 10:23 am

» Russiyawata Wada Loki irrisiyawa
by sanjulanka Mon Oct 09, 2017 9:30 am

» This weaek runners...
by Wimal Modawansa Mon Oct 09, 2017 8:24 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Mon Oct 09, 2017 7:11 am

» GRAN $ TAFL......future price moments ?
by kcrRanz Sun Oct 08, 2017 10:40 pm

» Lets we see CHOU as trading shot - as property stocks are rocking
by MoneyTree Sun Oct 08, 2017 12:36 pm

Laxapana Batteries - A New Begining

Page 2 of 3 Previous  1, 2, 3  Next

View previous topic View next topic Go down

Laxapana Batteries - A New Begining

Post by EquityChamp on Thu Feb 11, 2016 8:24 pm

First topic message reminder :

Background
The company was a dedicated torch and transistor battery manufacturing company in the past. However the company diversified into a new product range considering the market dynamics and doing so now marketing LAXAPANA brand zinc chloride & alkaline type AA and AAA batteries, CFL bulbs and safety wax matches and sanitary napkins under LILY brand name and also introduced a LAXPANA brand re-chargeable torch to the market.

Company Performance
Since the new product launch the company has achieved a remarkable revenue growth recording a significant revenue growth of 81% in FY14/15 with a PAT growth of 46% in the same year, however the company experienced a decline in profit margins due to new product development costs. With the realization of incremental revenues the margins are likely to improve over the next couple of years. Company NAV as at 30th Sep 2015 was Rs4.32. The ROE has improved to 8.7% in FY14/15 and remarkably improved to 20% during the first half of FY15/16.

The company is a relatively geared company where 45% of total assets were financed through borrowings. However the accumulation of positive operating cashflows will help the company to reduce the debt component gradually over the years to come.

According to the 1H results, the company is likely to achieve a revenue of Rs380mn for FY 15/16 and Rs540mn for FY16/17.Assuming a constant profit margin the estimated bottom line would be Rs33mn for FY15/16 and Rs47mn for FY16/17.

Opportunities and Challenges
The company's new product range is very much suited for modern day retail energy demand hence an investor can expect over 25% annual growth rate for the next few years. Probably the company will enter into the production of rechargeable batteries which goes in tandem with alkaline batteries.

However the new product range is to face stiff competition from both local as well as imported brands. Especially the imported brands will pose a significant challenge given their lower prices. However by offering a quality and durable product at a reasonable price should be enough to meet this challenge which is the focus of the company at the moment.

Valuations
Given the forecasted earning the share is currently trading at a forward PE of 9.3x @ a market price of Rs7.90 based on FY15/16 earnings and at a forward PE of 6.6x based on FY16/17 earnings. If the stock to trade at a 50% discount to sector PE the stock could be valued over Rs11.50 (based on FY16/17 earnings). Furthermore it is the company's policy to declare more than 50% of the profits as dividend so investors can expect a DPS of 50 cents for FY15/16 and a DPS of 70 cents for FY16/17.

Recommendation
Considering the huge growth potential of the stock backed by a high DY and low liquidity of the stock (only 39mn shares in issue) I recommend this is a BUY stock. The current depressed market may provide investors the golden opportunity to grab even for a lower price than the current price.

Thanks
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down


Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Fri Feb 26, 2016 6:55 am

@ the current price level of 7.20 the forward PE has dropped to 6x now which is a massive discount to the industry.

EquityChamp
Moderator

Posts : 3764
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Tue Apr 12, 2016 2:36 pm

Keep in mind that LITE has closed the market by clearing all the quantities offered @ 8/-. So after the new year holidays this stock will be one of the favourits to move up. Sometimes 9/- possible within very short period.

EquityChamp
Moderator

Posts : 3764
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by Harry82 on Thu Apr 14, 2016 10:56 pm

EquityChamp,


You are correct.
Move up to Rs 10.00 within a sort time

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2091
Join date : 2012-01-18

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by Harry82 on Fri Apr 15, 2016 6:52 am

Smile Smile

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2091
Join date : 2012-01-18

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by Ok One on Wed Apr 20, 2016 7:32 am

Thanks EC GL I love you I love you I love you

Ok One
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Posts : 438
Join date : 2014-10-26

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by hiransilva23 on Wed Apr 20, 2016 9:51 pm

EC u hav any idea abt lite?itz nt moving I hope dt it definitely on today.

hiransilva23
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1392
Equity Stars : 3614
Reputation : 17
Join date : 2011-11-30

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Wed Jun 01, 2016 8:17 am

Here you have another great result. LITE has achieved a FY revenue of Rs416 mn with PAT of Rs46 mn Vs my forecast of Rs380mn of revenue and Rs33mn of PAT. Their last quarter performances have delighted me. So my dividend expectation of 50cents is well intact and in fact I think they can give about 60cents this time.
PER @ CMP is just 6.8x which is very attractive. Also a dividend yield (expected) of above 7% is very much attractive. A real value investment.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Wed Jun 01, 2016 4:06 pm

So now they have declared 55 cents just after I have commented about the possibility to declare a higher dividend than my initial target. So who ever invest in this stock based my analysis should be happy by now. Very Happy
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by Harry82 on Wed Jun 01, 2016 4:09 pm

thanks  EquityChamp
avatar
Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2091
Equity Stars : 5990
Reputation : 48
Join date : 2012-01-18
Age : 35
Location : Colombo

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by hiransilva23 on Wed Jun 01, 2016 4:16 pm

Im hapy.bt cost is 8.40.i had to avarage it

hiransilva23
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1392
Equity Stars : 3614
Reputation : 17
Join date : 2011-11-30

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Thu Jun 02, 2016 11:58 am

Laxapana Batteries is a liquid stock in the market. There are enough quantities between 8/- to 9/-. This has been the reason of its stagnation arround 8/- for the last so many months. But now....................???? Question
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Thu Jun 02, 2016 2:26 pm

Absorbing the market liquidity. Is this the beginning of a value run?
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by bakapandithaya on Thu Jun 02, 2016 6:11 pm

EquityChamp wrote:Absorbing the market liquidity. Is this the beginning of a value run?

LITE on the way to 10 Very Happy
avatar
bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1438
Equity Stars : 5024
Reputation : 58
Join date : 2011-09-17

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Thu Jun 02, 2016 7:42 pm

The ground is well set for a grand final. This time I can see 11.50 after watching how the stock traded in recent past.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by bakapandithaya on Thu Jun 02, 2016 9:57 pm

EC what is ur expected Sales nd profit for dis qtr
avatar
bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Posts : 1438
Equity Stars : 5024
Reputation : 58
Join date : 2011-09-17

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Wed Jul 27, 2016 10:47 am

After dividend too the share is backing up to cum div price. This seems to me is a super growth stock available to buy below 10 rupees.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by Shehan Dhanushka on Wed Jul 27, 2016 11:10 am

EquityChamp  What are u think about lcem???
avatar
Shehan Dhanushka
Equity Analytic
Equity Analytic

Posts : 20
Equity Stars : 477
Reputation : 0
Join date : 2016-07-27
Age : 27
Location : Matara

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by kapifm on Wed Jul 27, 2016 11:13 am

Equity Champ.....why GSF Not Moving??
avatar
kapifm
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 164
Equity Stars : 847
Reputation : 3
Join date : 2016-02-29
Location : Srilanka

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Wed Jul 27, 2016 12:11 pm

@ Shehan - LCEM can't be valued based on their financials hence can't express any opinion. But it is moving based on speculation. if the speculator is smart he will make profits at the expense of others.

@ kapifm - GSF has shown a good improvement in their financials. But the current run was based on speculative deal. The effectiveness of the speculation will earn a good profit and if not it can cause losses. Why it is stagnating now is probably the speculator has already moved out from the stock by now with profits.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by kapifm on Wed Jul 27, 2016 3:43 pm

Dear EC,
appreciated,
well explained
avatar
kapifm
Manager - Equity Analytics
Manager - Equity Analytics

Posts : 164
Equity Stars : 847
Reputation : 3
Join date : 2016-02-29
Location : Srilanka

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Fri Aug 12, 2016 11:53 am

Now LITE has reached the phycological 10/- mark. Now any one can see the value I was talking all these days.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by ranjan01 on Fri Aug 12, 2016 11:56 am

They have not published the last quarter Question Question accounts yet ?

ranjan01
Equity Analytic
Equity Analytic

Posts : 22
Equity Stars : 2280
Reputation : 0
Join date : 2011-08-26

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by ranjan01 on Fri Aug 12, 2016 12:59 pm

I feel that their results must be good in  latest quarter.

ranjan01
Equity Analytic
Equity Analytic

Posts : 22
Equity Stars : 2280
Reputation : 0
Join date : 2011-08-26

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by ranjan01 on Mon Aug 15, 2016 1:06 pm

drunken drunken Basketball Basketball cheers cheers

ranjan01
Equity Analytic
Equity Analytic

Posts : 22
Equity Stars : 2280
Reputation : 0
Join date : 2011-08-26

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Mon Aug 15, 2016 4:23 pm

Another 10m + quarter for Laxapana. 20%+ growth YoY . Almost the same revenue as per the Jan-Mar quarter. Stable performance.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by pure equity on Wed Aug 17, 2016 1:11 pm

E C sir pls tell me about lite in this condition.  thanks

pure equity
Equity Analytic
Equity Analytic

Posts : 21
Equity Stars : 543
Reputation : 0
Join date : 2016-05-20

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by pure equity on Sat Aug 20, 2016 6:37 pm

E C sir  still i am holding  this shares . i bought it last year.  i think company's  growth still good. is it wise to wait couple of quarter?    thanks

pure equity
Equity Analytic
Equity Analytic

Posts : 21
Equity Stars : 543
Reputation : 0
Join date : 2016-05-20

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by EquityChamp on Sat Aug 20, 2016 10:50 pm

pure equity wrote:E C sir  still i am holding  this shares . i bought it last year.  i think company's  growth still good. is it wise to wait couple of quarter?    thanks

As you can see based on 16/17 earnings my price expectation was above 11.50 and it has achieved through. This is the true value of this stock and I am glad that finally people have realized that. I need to see how this stock to be valued based on FY17/18 earnings but for now the current price seems to be fairly ok. It is no harm you holding this for some more time.

Further you can see that Rs8-9 was the long held resistance level for this stock but with this week's resurgence it has form a new resistance at Rs11 so be happy and enjoy how your investment delivers return for you. Now you have to see the prices in 2018 or 2019 not next year as it is quite certain now as what will be the price going to be.

Thanks and GL.
avatar
EquityChamp
Moderator

Posts : 3764
Equity Stars : 12366
Reputation : 775
Join date : 2014-11-05

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by pure equity on Sat Aug 20, 2016 11:12 pm

thanks E C sir. but NAV is below 5 rs. so  share price may be little bit come down ?

pure equity
Equity Analytic
Equity Analytic

Posts : 21
Equity Stars : 543
Reputation : 0
Join date : 2016-05-20

Back to top Go down

Re: Laxapana Batteries - A New Begining

Post by karuna on Sat Aug 20, 2016 11:27 pm

Lite .n can get a profit too long termly . But I hope better to exit now . Because we cannot guarantee it will make profit next year.  

It's function with interm financial results and asi number 5800 to 6600 asi 800 units use for 8 to 12 
Probably why they stay until financial report.  

However journey is happened 12 may be not necessarily to buy . if you brought 12 u had to stay another 400 or 500 units for sell above 14/15 with there beta base sometime.  

So I hope better to follow some other fundamental share.

karuna
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Posts : 2437
Equity Stars : 4389
Reputation : 153
Join date : 2014-07-22

Back to top Go down

Page 2 of 3 Previous  1, 2, 3  Next

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum
Statistics
We have 21134 registered users
The newest registered user is CHANAKA PRASAD

Our users have posted a total of 328700 messages in 50511 subjects
Who is online?
In total there are 194 users online :: 21 Registered, 0 Hidden and 173 Guests

Damithsam, Dharshi, Eugine Fernando, gamagevidana, geeshanpradeep, glad, hanuma, kapifm, kjojo, kovida, lk-investor, Lucas, Namal, noels, plsp1, rasikagamage, sampath.anuradha, SLFINANCEWATCH, sureshot, thankrishan, Wimal Modawansa

Most users ever online was 541 on Mon Sep 19, 2011 11:29 am
Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein.

www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, www.srilankaequity.com its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.