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Sri Lanka Equity Forum » Stock Market Talk » High Profile Selling at EAST

High Profile Selling at EAST

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1High Profile Selling at EAST Empty High Profile Selling at EAST on Mon May 13, 2019 10:32 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
When EAST was trading @Rs.11.80 most of the connected people to the EAST collected the EAST due to inside information of EAST sale and Significant dividend information. 
Now with the significant Rs.8.50 dividend also going to affect the EAST'S finance.

Those who bought the EAST @Rs.11.80 earlier, could afford to sell the EAST with the profit even above Rs.3.30/= (11.80 – 8.50=3.30) after the XD date of EAST.

Selling EAST now at above Rs.18/= Or Selling the EAST after the EAST, XD  date with Rs.8.50 Dividend + above Rs.3.30/=

 Which one is significant? This is the thing happening at EAST now



Last edited by Miss-Sangeetha on Thu May 23, 2019 7:40 am; edited 1 time in total

2High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Mon May 13, 2019 12:06 pm

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
complicated scenario

3High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 2:22 pm

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Now the EAST trading price clearly indicating the EAST'S price after the XD date. Those who bought the EAST at high price going to suffer. 

4High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 2:31 pm

karuna2


Senior Equity Analytic
Senior Equity Analytic
awho knows the opposite will happen? 
see how collected at last few minutes

5High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 6:12 pm

Dr_CSE


Senior Equity Analytic
Senior Equity Analytic
I wonder how true is the speculation that those who collected at low on inside information, are selling at current price levels and is the reason for the current scenario, because the number of shares traded around 11.90 ( this being the lowest ) is relatively low and this quantitity could have been sold at 19-20 range or even higher if the share price allowed to shoot up. Most of the collection of this share on speculation of hotel sale happened above 14 esp. around 16-18 probably with the intention of selling around 23-25. But with the annoucements of hotel sale and huge cash dividend we can see change in strategy, instead of pushing up, share price bringing down. Simply, if the share price brought down you can earn a 8.50 dividend for a lesser price, and the resulting XD price will be low to collect more at cheap from the dividend money earned. The NAV is estimated to be increased by 23 after the hotel deal, and after the divident pay out to be around 14.50. Some more subsidiaries to be sold, this dividend is an interim one, and we can expect some more EAST action in the future as well. Anyone can buy / sell / hold as per his or her trading strategy, but don't get carried away and sell your shares.

6High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 7:48 pm

charithaa


Senior Equity Analytic
Senior Equity Analytic
i feel the same @Dr_CSE.

7High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 7:53 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
Is this panic selling?

8High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 8:39 pm

Dr_CSE


Senior Equity Analytic
Senior Equity Analytic
Most of the panic selling, triggered by artifcial selling and supported by prevailing uncertain market condition, noted today and yesterday since tomorrow being the last trading day prior to XD.

9High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 8:56 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
What is your prediction for tommorow and day after?

10High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 10:29 pm

karuna2


Senior Equity Analytic
Senior Equity Analytic
EAST drop maximum 14.50rs if possible

11High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 14, 2019 11:00 pm

Dr_CSE


Senior Equity Analytic
Senior Equity Analytic
@Winner123 wrote:What is your prediction for tommorow and day after?
You know there is a well planned play going on. This share has become so difficult to predict. Who knows where it will end when panic sellers are in action. I think it has the possibility to move 1.50 eitherway from today's closing price. Love to see if it reaches at least 20.50. The XD price will be a tight one I guess. Several support levels are suggested. 15 is one. 13 will be good support level considering the current price level. Close to 9.50 will be the worst scenario. As a justification of this XD price, share price might close tomorrow 50cents up.

12High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Wed May 15, 2019 1:45 pm

TuTanKaman


Manager - Equity Analytics
Manager - Equity Analytics
Is the price band will be applicable on xd date. Then what's the pct

13High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Wed May 15, 2019 11:51 pm

mark

mark
Expert
Expert
Nahil and the family was selling east which eroded the upturn of EAST, i guess East could have reached around 50-60 if owners were not at the selling side. Brokers and margin investors have bought up huge quantities which made high public float, so do u guys think this share has a future? Div was already priced in when its at 18 levels. Anyway since all of retailers holding this, i guess price could settled aorund 9-10 for short term before it could reach to 5-6 in mid run unless East declares another div which is highly unlikely. (Guess the owners stil want to keep the company without selling off.)

14High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Thu May 16, 2019 6:59 am

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
You may be correct. But they might have start buying as well after xd.

15High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Thu May 16, 2019 7:55 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@Miss-Sangeetha wrote:When EAST was trading @Rs.11.80 most of the connected people to the EAST collected the EAST due to inside information of EAST sale and Significant dividend information. 
Now with the significant Rs.8.50 dividend also going to affect the EAST'S finance.

Those who bought the EAST @Rs.11.80 earlier, could afford to sell the EAST with the profit even above Rs.3.30/= (11.80 – 8.50=3.30) after the XD date of EAST.

Selling EAST now at above Rs.18/= Or Selling the EAST after the EAST, XD  date with Rs.8.50 Dividend + above Rs.3.30/=

 Which one is significant? This is the thing happening at EAST now




EAST selling pressure mounted only after the official announcement of massive dividend on 7 May 2019. But due to the information EAST collection was going on for more than 6 months from last November 2018. Some of the Broker firms aware this Sale and Massive dividend information and kept secret and they were in the collecting side. 
The massive selling amount were the witness who are behind the selling. They were waiting until EAST climbs to reach Maximum level before the dividend announcement.
Some persons also in this forum thundered about massive dividend before the EAST official announcement of dividend.  

Not only the price level of Rs.11.80, they bought the range extent to Rs.14 or beyond, could afford to sell with profit @ very low price regardless of EAST’S NAV, because most of them are not EAST lovers; they came only after the dividend announcement have to exit after the dividend. 


Those who already bought EAST at high price and saying about “Bring down the EAST price to collect more at cheap before XD date ’’ will get the bitter answer after the EAST XD date price, today onwards

16High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Fri May 17, 2019 9:59 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Now EAST trading at Rs.7.60, all our visiting lectures of this forum going to disappear from this forum or rebirth with new user name.

17High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Fri May 17, 2019 10:56 am

AmalHoole


Stock Analytic
Stock Analytic
I think this Sangeetha is a person connected to Nimal Perera, Nimal tries to keep East share lower to manipulate. He is now using twitter to manipulate the market. There are some posts in twitter where Nimal Perera has used his twitter account saying 'Sell Sell Sell'. So you can see who is playing with East. 

Some say every morning he meet at a hotel and discuss which shares he will buy or sell with some people such as Kosala Gamage and few others close to Nimal.

18High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Fri May 17, 2019 12:12 pm

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@AmalHoole wrote:I think this Sangeetha is a person connected to Nimal Perera, Nimal tries to keep East share lower to manipulate. He is now using twitter to manipulate the market. There are some posts in twitter where Nimal Perera has used his twitter account saying 'Sell Sell Sell'. So you can see who is playing with East. 

Some say every morning he meet at a hotel and discuss which shares he will buy or sell with some people such as Kosala Gamage and few others close to Nimal.
Truth is bitter for you 

19High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 21, 2019 10:23 am

Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
@Miss-Sangeetha wrote:When EAST was trading @Rs.11.80 most of the connected people to the EAST collected the EAST due to inside information of EAST sale and Significant dividend information. 
Now with the significant Rs.8.50 dividend also going to affect the EAST'S finance.

Those who bought the EAST @Rs.11.80 earlier, could afford to sell the EAST with the profit even above Rs.3.30/= (11.80 – 8.50=3.30) after the XD date of EAST.

Selling EAST now at above Rs.18/= Or Selling the EAST after the EAST, XD  date with Rs.8.50 Dividend + above Rs.3.30/=

 Which one is significant? This is the thing happening at EAST now
See the post XD date trading price of EAST@Rs.6.30/=, How is this possible ? Reiterate / Confirming the truth. Some were predicted post XD date EAST trading price as Rs.15/=,Rs13= or Rs.9.5/= as minimum

20High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 21, 2019 1:43 pm

Winner123


Manager - Equity Analytics
Manager - Equity Analytics
I think this will further come down with interim reports cos the deal was finalized during april. People lose thier vaulable money by just looking at others selling. However this might regain after 2 nd qurt results which is due in august. Till then people can average rather than selling.

21High Profile Selling at EAST Empty Re: High Profile Selling at EAST on Tue May 21, 2019 4:43 pm

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
that's why i didn't give my opinion . day by day people are loosing their hard earned money

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