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Sri Lanka Equity Forum » Stock Market Talk » COCR and ASI

COCR and ASI

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1 COCR and ASI on Thu May 18, 2017 12:12 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
COCR does not move when ASI move 700 Points. bcz of Foreign bank selling. now they have sold 

COCR should move according to ASI

COCR is profit making and improving company...

any ideas...

2 Re: COCR and ASI on Thu May 18, 2017 12:23 pm

Eugine Fernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
stockback wrote:COCR does not move when ASI move 700 Points. bcz of Foreign bank selling. now they have sold 

COCR should move according to ASI

COCR is profit making and improving company...

any ideas...
Yes this share has to move, last year some body bought 29% @ 111/- and also they have 99%  at TFIL.

3 Re: COCR and ASI on Thu May 18, 2017 10:55 pm

Teller

avatar
Moderator
111 story is a part of manipulation . They exchanged these premium paid under the table. How ever COCR is in trouble due to new capital gain for property investments. Definitely , their land sales on taxes based on capital gain which was introduced recently by government

4 Re: COCR and ASI on Fri May 19, 2017 4:45 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Teller wrote:111 story is a part of manipulation . They exchanged these premium paid under the table. How ever COCR is in trouble due to new capital gain for property investments. Definitely , their land sales on taxes based on capital gain which was introduced recently by government


good to see you and saying bad comments on stock.

e kiyanne oya collection side eke kiyana ekane..

good good.

5 Re: COCR and ASI on Sat May 20, 2017 11:27 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Is Teller talking of capital gain tax proposed by last year budget? 
Is this rule implemented effective 1st of April 2017?
Please comment.

6 Re: COCR and ASI on Sat May 20, 2017 5:22 pm

Teller

avatar
Moderator
Yes, this tax was implemented now and direct hit for land sales companies. If any property acquired and disposed within 10 years of time is liable to pay capital gains. Some times tax can go upto 100℅ compare to acquisition value. How ever COCR trades at discount at the market and can go upto 53.70 levels based on PV inners.

7 Re: COCR and ASI on Mon May 22, 2017 5:50 am

Richman


Equity Analytic
Equity Analytic
Teller wrote:Yes, this tax was implemented now and direct hit for land sales companies. If any property acquired and disposed within 10 years of time is liable to pay capital gains. Some times tax can go upto 100℅ compare to acquisition value.  How ever COCR trades at discount at the market and can go upto 53.70 levels based on PV inners.  


The maximum tax that can be imposed is 10% on the PROFIT. That is also if only sold within 10 years. This 10% on profit is not a big deal and will not affect the profit of COCR.

8 Re: COCR and ASI on Mon May 22, 2017 8:59 am

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller
Please clarify the following. Thx.


"How ever COCR trades at discount at the market and can go upto 53.70 levels based on PV inners."  

9 Re: COCR and ASI on Mon May 22, 2017 9:11 am

Harry82

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Compare with Vfin, 
VFIN IS THE BEST ONE

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