SPEN Community

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SPEN Community

Postby SHARK » Mon Jan 12, 2015 12:36 am

I bought when it was trading around 100Rs, prior to Presidential Elections 2015, happy with current situ :)
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Re: SPEN Community

Postby HobbyInvester » Sat Jan 24, 2015 12:48 pm

Bought @ 110

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Re: SPEN Community

Postby SHARK » Sat Jan 24, 2015 2:26 pm

This is giving another opportunity to go LONG on the correction :D

I am thinking 130 should be easy if 100 is not broken :)
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Re: SPEN Community

Postby SHARK » Sun May 10, 2015 8:01 am

Bought again @100.50 Order Partly Filled :D
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Re: SPEN Community

Postby Contra » Sun May 10, 2015 8:09 am

Why did this stock stagnate for a long time in this bull market?
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Re: SPEN Community

Postby SHARK » Sun May 10, 2015 8:14 am

There was a talk in the town some months ago, a fund was shedding its stake :)
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Re: SPEN Community

Postby Contra » Sun May 10, 2015 8:16 am

Thanks.Still this stock has lot of long term foreign shareholders.
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Re: SPEN Community

Postby SHARK » Thu May 14, 2015 11:14 pm

Here is the Chart on SPEN

Rs 115/- 110Rs
spen.png

Symmetrical Pattern, wait for the break-out :)
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Re: SPEN Community

Postby SHARK » Mon May 18, 2015 11:22 pm

spen.png
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Re: SPEN Community

Postby batman111 » Mon May 25, 2015 9:28 am

SPEN.N0000 - Trading Halt

Please note that SPEN.N0000 trading has been halted pending announcement regarding a dividend.:)
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Re: SPEN Community

Postby SHARK » Mon May 25, 2015 9:44 am

Wow Thanks also LGL ne
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Re: SPEN Community

Postby SHARK » Mon May 25, 2015 9:47 am

Kiyada Gana Rs 2 /1.50 ?
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Re: SPEN Community

Postby Gass » Mon May 25, 2015 2:56 pm

My average stands @ 109 level bought on 9th Jan ... But i have Good hope on this with NAVS and EPS

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Re: SPEN Community

Postby SHARK » Mon May 25, 2015 3:52 pm

100 is a good SUPPORT it has found.

Why not increase a bit ;)

Valuation is ok to enter @100, possibly 25-35% appreciation later
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Re: SPEN Community

Postby SHARK » Mon May 25, 2015 3:55 pm

Probably it could move after Elections ..... Patience is the KEY for Success
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Re: SPEN Community

Postby Jasmine » Mon Aug 17, 2015 9:42 pm

Yes SHARK,
We witnessed a huge run on 9th Jan 2015 & it could happen again tomorrow if UNP wins

SHARK wrote:Probably it could move after Elections ..... Patience is the KEY for Success

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Re: SPEN Community

Postby SHARK » Tue Aug 18, 2015 6:50 pm

I think It has formed a solid BASE around 100 levels, so in my opinion 100 would be a decent entry ....... we could say its a defensive stock by the looks around 100.
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Re: SPEN Community

Postby Contra » Sun Oct 18, 2015 5:52 am

Can we expect its uptrend during next phases? I believe finally it is time to study this stock as well. I made some losses by chasing above Rs.110. It was wrong move. Can we expect earnings surprises in the coming years? It is time to study few earning surprises as well.
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Re: SPEN Community

Postby SHARK » Sun Oct 18, 2015 9:20 am

I think yes if they get rid of the power company. they are making operational losses. have not recently looked at this one ..... time look at it again before others eye.
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Re: SPEN Community

Postby Contra » Sun Oct 18, 2015 9:49 am

SHARK wrote:I think yes if they get rid of the power company. they are making operational losses. have not recently looked at this one ..... time look at it again before others eye.


Thanks Shark. I think it is time to find out some new dark horses as well.
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Re: SPEN Community

Postby SHARK » Sun Oct 18, 2015 10:08 am

Yeaahh some really dark horses you mean ha :D
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Re: SPEN Community

Postby PAT » Wed Jan 27, 2016 9:34 am

AITKEN SPENCE - CORPORATE DISCLOSURE

http://www.cse.lk/cmt/upload_cse_announ ... 66536_.pdf
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Re: SPEN Community

Postby Shadow walker » Fri Feb 12, 2016 6:09 pm

Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time .. ;)

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Re: SPEN Community

Postby PAT » Sat Feb 13, 2016 10:11 am

Aitken Spence records Rs. 1.1b as PBT in 3Q

Leading conglomerate Aitken Spence PLC posted its interim results to the Colombo Stock Exchange (CSE) released on Friday. The blue-chip’s financial results for the quarter that ended on 31 December 2015 saw profit-before-tax decrease by 25.3% to Rs. 1.1 b while profit attributable to equity holders decreased by 26.7% to Rs. 637 m. Revenue for the quarter fell by 14.6% to Rs. 6.7 b.

The diversified group’s nine-month results showed profit-before-tax decreasing by 28.3% to Rs. 2.6 b and profit attributable to shareholders falling by 35.4% to Rs. 1.4 b, while revenue dropped by 28.2% to Rs. 18.6 b.

The revenue loss from the cessation of the power purchase agreement of Ace Power Embilipitiya in April 2015 had a significant effect on the results. Other Operating Income for the 9 months to 31 December 2014 included insurance income of Rs 351m for the fire damage at a resort in Maldvies during 2013/14.

“Diminished returns from the Maldives due to external factors and consolidation of hotel investments in Sri Lanka, negatively affected the returns from the tourism sector,” Deputy Chairman and Managing Director of Aitken Spence PLC J M S Brito said.

The Group’s Hotels arm recently completed a 100-room extension to its beach property in Kalutara, which is now a 200-room upgraded resort. In addition, the company is currently overseeing two large hotel projects in Negombo and Ahungalla.

Aitken Spence operates a wide portfolio of hotels and resorts in Sri Lanka, Maldives, India and Oman. Its travel arm, the largest in Sri Lanka, is a joint venture with TUI Travel. It also acts as GSA for major airlines in Sri Lanka and the Maldives.

“We are pleased to report increase in profits from companies in the port management, ship agency and airline sub sectors contributed towards the profits of the Maritime & Logistics Sector,” added Brito.

Aitken Spence is Sri Lanka’s largest integrated logistics services provider and has port management services in Africa and the South Pacific.

Depreciation of the Rupee has adversely affected company due to foreign currency loans obtained for overseas investments.

The company was also significantly affected by the substantial Super Gain Tax paid during the quarter ended 31 December 2015, as per the provisions of part III of the Finance Act No. 10 of 2015.

Subsequent to the balance sheet date, Aitken Spence PLC after obtaining all relevant approvals purchased a 20% shareholding in Fiji Ports Corporation Limited. The company which was previously wholly owned by the Government of the Republic of Fiji owns and manages all ports in Fiji.

Aitken Spence Hotels International (Pvt) Ltd., a subsidiary company, entered into an agreement to acquire Al Falaj Hotel in Oman from Oman Hotel and Tourism Co., subject to obtaining all relevant approvals. Al Falaj Hotel has been under management of Aitken Spence since 2008.

- See more at: http://www.ft.lk/article/525139/Aitken- ... nV0Ec.dpuf
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Re: SPEN Community

Postby stocks hunter » Tue Mar 01, 2016 6:13 pm

SPEN foreign selling of 1,019,500 shares at Rs75 happened today.

Why ?????????? why?? such a good company and a well diversified company at this price levels?

:-\


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