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Sri Lanka Equity Forum » Stock Market Talk » RGEM- Selling more than 35% Discount price

RGEM- Selling more than 35% Discount price

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1RGEM - RGEM- Selling more than 35% Discount price Empty RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 8:32 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Some one collect this stock from 70/= 80/= then big Qty @90/= level.. after that they collect up to 110/= ... after wards some more qty up to 124/= level ..little bit @ 130/= level..

They collect more than 350 000 shares from the market.. according to the last financial report most of the shares collected from the market small holders. ... But Unfortunately they couldn't push up this stock more than 120/= level ( may be they finish their buying power / they expect more share selling under 110 level). because most of the small holders want to sell these stock because the reason the big seller always their so they don't like to keep ...

but extractly I don't know the reason why he is selling in this discount price level... He start to sell @ 99.90 last week .. more than 30000 shares sold @ this level then 89.90 , 84.90 ..now 79.90.. (I thing this is the last level ..thats why he put five days sell order in that level)...He already sold more than 130 000 RGEM which is he collected.. now balance 223 200 @ Rs.79.90 (check order book in CSE.lk for RGEM)

Apart from that guys no one want to sell under 90/= level this share.. some of them are selling under this price level 79.90 because the reason they can't keep long up to this big order clear...

anyway RGEM will go more than 100/= level after break this QTY. ( then no more big selling barrier )

when he collect the RGEM no buyers for RGEM. but now more buyers interested..because it is trading in discount price .. more than 35% discount... it is really good price to buy..last day also 50000 buy @ 78.10..it is not fake buyer he strongly was there up to end of trading

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
jana, Do you have a big number of this share.Are you happy with their performance?

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Financial statements says totally opposite story

hello


Moderator
Moderator
some one ready to clear that quantity tomorrow morning....

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
Gaja, I read it. Thats why I asked that question from jana. I just want to know the reason for high price of this share.

windi5

windi5
Moderator
Moderator
Financial statements dont matter for manipulators. Rgem is an illiquid share so it can be easily manipulated.

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rajaraam wrote:jana, Do you have a big number of this share.Are you happy with their performance?

I did trade more than three times with RGEM.. Luckily I sold some lot @ 110 last time which is I bought @ 94.90 level. after that I sold some @ 90/= level which is I bought @ 95/= level (because credit clear ) .. now I bought again @ 79.90... definitely I will sell with profit..

No one care about the performance of the company now a days... Are you happy with the HUEJ , ALUF .. PARA .. BINN .... .. you see KDL made lost in last quarter report, after that it went up to 28/= from 20/=..

good undervalue shares CSD , CTLD still low price..but PCH ..EAST... HVA... everyday 20%..30% ..some time 50% up... Why ? why ? why ?

Anyway still I am happy with the RGEM..because..

1. this Quarter they loss only 29 cts... (the reason Directors Eating the profit ..no one holding big amount of shares(more than 50%) thats why they don't like to show profit and issue dividend )
2. only 2.4 million Shares so its never come down more than 70/= or 75/= level again....
3. still they have 14/= NAV..compare with most of the company in minus NAV in CSE..
4. in future they will (definitely) spilt their shares.. SEC also recommend to Split their shares this kind of illiquid stock companies..
5. RGEM only one company trading @ low price level (massive low price level) under three million shares issue quantity


So I am happy to trade with this stock...

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
jana, What you are saying is correct to certain extend If this share too is considered as HVA ,LHCL and CLND.

hello


Moderator
Moderator

10RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 9:33 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Rajaraam wrote:jana, What you are saying is correct to certain extend If this share too is considered as HVA ,LHCL and CLND.

I didn't say anything wrong about HVA ,LHCL and CLND... still those are trading that much of high price level every day ( some manipulation going on ... nothing fundermental reason) .. specially apart from CLND ...

but Price level High or low is depend on its ...(unfortunately)
1. Share volume (issue quantity).
2. Share volume (in CDS).
2. interested by the investors
3. manipulation / speculation..

not in
1.NAV
2.EPS
3.P/E ratio
4.Future company performance (immediate)

anyway thanks @Rajaraam this is not an argument .. just discussion...

When you post valuable comments you are welcome.

11RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 10:12 pm

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Jana ur post is very clear, I'm not saying that ur promoting this but my question is why we should buy if the director him self sells huge quantities?
He may want to get out cuz the performance is bad..

But there was plenty of opportunities since last month to play with this..
I even traded this 2 times.. But once it has come down below 80 it looks attractive but who knows how much more this would go down? If that person wants he could even go down to 70 level to sell his lot..Cuz buyers need to come in as well for him to sell Wink

12RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 10:17 pm

windi5

windi5
Moderator
Moderator
That man has a hidden objective. If he wanted to sell,he could do it in portions when the share was trading over 90. Can any body guess what he is doing rotating that huge amount here and there.

13RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 10:39 pm

Rajaraam


Vice President - Equity Analytics
Vice President - Equity Analytics
I too agree with 4 points you mentioned for detemine price level of a share. And I also played with most of them. But I didnt wait long to maximize my profit because I decided to sell early as no any solid methord to predict the upper level.

Thanks jana.

14RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 10:46 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@smallville wrote:Jana ur post is very clear, I'm not saying that ur promoting this but my question is why we should buy if the director him self sells huge quantities?
He may want to get out cuz the performance is bad..

But there was plenty of opportunities since last month to play with this..
I even traded this 2 times.. But once it has come down below 80 it looks attractive but who knows how much more this would go down? If that person wants he could even go down to 70 level to sell his lot..Cuz buyers need to come in as well for him to sell Wink

Thanks @Smallville ! I didn't say the Director selling their lots / stakes. but new collectors ( I thing so..) are selling who is try to collect this stock last 3 , 4 months ...but they collect from De Silva (Holding 183 000 shares in MAR 2010)

but anyway ... as you said this is not promotion.. I don't want to promote.. but I like to trade with this.. and I don't thing so It will come down further

Yes @Windi5 still I can't find the reason / Even guess the reason why he is rotating his big lots here and there... Bloody ..... !!!

thanks guys to share your details ...


15RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 11:04 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
However RGEM going to turn tomorrow, few days before it's went up 114.00 now trading 79.90 very good price for buying.this price last and final major opportunity to enter to RGEM.

16RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Wed Aug 31, 2011 11:36 pm

advisor


Senior Equity Analytic
Senior Equity Analytic
Nice view jana ...about RGEM

After long time most of them got interest in RGEM. earlier no one reply or no one point out about RGEM...

Now this is also positive things for RGEM,... So RGEM good at this price level ...

I will go with it..

Gud luk guys

17RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Thu Sep 01, 2011 12:57 am

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
RGEM May be tomorrow preopen time some one match and buying that big qty at 79.90 if some one buy it will break 100.00

18RGEM - RGEM- Selling more than 35% Discount price Empty Re: RGEM- Selling more than 35% Discount price on Thu Sep 01, 2011 6:38 am

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Just different view....
Same thing happened to HUNTERS also. Nimal also bought it around 1200 level as it hit 2300 level a month ago from Nimal's aquisition. Now trading at 775 level. Its issued qty also arround 4 mn. I am pretty much sure RGEM is getting back to its valuation in a long term . Not sure in short term. RGEM also followed the BLUE Diamond path. It looks like a more or less same business. So manipulators use Blue as a proxy that s y RGEM went its peak when BLUE's peak was 17/June/2011, RGEM peaked 23/June/2011. Manipulator artificially pushed up.... Dont get trap. In short term you may make small profit depends on ur luckiness but long term you cant find any value. It s my opinion

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