SIRA Community

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Re: SIRA Community

Postby NC+ » Wed Feb 08, 2017 10:38 am

Me too agree.. SIRA is very attractive.
But I've got so many counters inside my PF, otherwise I'll definitely buy..
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Re: SIRA Community

Postby PAT » Wed Feb 08, 2017 9:53 pm

Sri Lanka's Sierra Cables December quarter net up 28-pct

ECONOMYNEXT - Sri Lanka's Sierra Cables, which has been expanding into Africa and the Pacific islands, said December 2016 quarter group net profit rose 28% to Rs81 million from a year ago.

Sales for the quarter rose 51% to Rs1.1 billion, according to interim accounts filed with the stock exchange.

Basic Earnings Per Share for the quarter were 15 cents up from 12 cents a year ago. The share was last traded Rs3.50

EPS in the nine months to December 2016 rose to 49 cents from 41 cents the year before with net profit up 21% to Rs265 million and sales rising 30% to Rs3 billion.

The Sierra group subsidiaries are Sierra Industries (Private) Limited, Sierra Power (Private) Limited, Sierra East Africa Ltd and Associate Companies T & G Lanka (Private) Limited and Tea Leaf Resorts (Private) Limited.

Sierra Cables has set up plant in Kenya to supply transmission and distribution cables to East African countries and plans to set up a joint venture power cable factory in Fiji, with three other partners, where the firm will own a 30 percent stake.
(COLOMBO, Feb 08 2017)
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Re: SIRA Community

Postby Blue Whale » Wed Feb 08, 2017 10:42 pm

Actually a good counter with future growth potential. Their future plans must be evaluated closely. Could be a share to trade in double digit numbers after one or two years.
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Re: SIRA Community

Postby PAT » Wed Mar 01, 2017 9:58 pm

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Re: SIRA Community

Postby SHARK » Thu Apr 06, 2017 12:07 am

Seen Reversal around 3Rs towards TGT 3.50 at least.
Already 20c UP
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Re: SIRA Community

Postby Blue Whale » Thu Apr 06, 2017 12:14 am

Seems lot of quantities to be sold. Ned a strong market for this to move.
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Re: SIRA Community

Postby Edmond » Wed Apr 19, 2017 6:52 pm

Considerable quantity traded.

What you guys are thinking about this..?

1. Falling commodity (Copper) price.
2. New expansion to overseas market (Kenya)

Guess MT/LT may be a good counter.

Cheers..... :-w

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Re: SIRA Community

Postby Value » Wed Apr 19, 2017 6:58 pm

SIRA has performed better than the peers. Could be shining further.

Current price is not safe to enter.

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Re: SIRA Community

Postby Edmond » Wed Apr 19, 2017 7:00 pm

Value wrote:SIRA has performed better than the peers. Could be shining further.

Current price is not safe to enter.


Thx Value.

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Re: SIRA Community

Postby NC+ » Mon May 08, 2017 9:51 am

Keep Watch SIRA..
Another neglected counter.
:-bd
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Re: SIRA Community

Postby SHARK » Mon May 08, 2017 10:12 am

30c Target possible (Technically) from 3.40
This has moved from 3 to 3.40
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Re: SIRA Community

Postby sunflower » Mon May 22, 2017 7:12 am

With the penny run this should adjust its value with strong financials.

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Re: SIRA Community

Postby GroundedKestrel » Thu Jun 01, 2017 8:52 pm

Mixed results this time. High interest rates have increased the finance cost which hit the quarter adversely.

Year end 0.51 compared to last year is up.

Operating and Gross Profit are up from last year same quarter. Net asset value also has increased to an reasonable extent.

Thoughts?
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Re: SIRA Community

Postby PATHFINDER » Thu Jun 01, 2017 8:55 pm

Welcome Grounded Kestrel :ymhug:
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Re: SIRA Community

Postby future123 » Thu Jun 01, 2017 9:02 pm

Very happy to see you back Grounded Kestrel. Missing in action for too long.

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Re: SIRA Community

Postby GroundedKestrel » Fri Jun 02, 2017 9:51 am

Glad to be back my friends. Nice to see you PF and Future, it has been too long.

I was a little held up with my legal education and business. Anyway, I am back now and hope to devote more time and attention to this :). Hope the world has been kind to the two of you.
"The four most dangerous words in investing are: 'this time it's different." - Sir John Templeton

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Re: SIRA Community

Postby topcat » Fri Jun 02, 2017 10:15 am

Hi GK welcome back. You got a good dividend for sira earlier. Isnt it?
"Keep winners, Sell loosers"

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Re: SIRA Community

Postby GroundedKestrel » Fri Jun 02, 2017 3:01 pm

Thank you Topcat. I was happy with the dividend because I backed this share for the long term. It's starting to pay off finally.
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Re: SIRA Community

Postby SHARK » Fri Jul 21, 2017 4:13 pm

any chart update.... 3-3.30 has been a consolidation range
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Re: SIRA Community

Postby nis2010 » Mon Aug 14, 2017 5:13 pm


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Re: SIRA Community

Postby topcat » Mon Aug 14, 2017 5:19 pm

Not good results
"Keep winners, Sell loosers"

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Re: SIRA Community

Postby PAT » Mon Aug 14, 2017 11:28 pm

nis2010 wrote:https://cdn.cse.lk/cmt/upload_report_file/685_1502702238673.pdf


Thanks nis......

Yes, poor results......
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Re: SIRA Community

Postby Blue Whale » Tue Aug 15, 2017 5:48 am

Problem with SIRA is that it is inconsistence in terms of earnings. We can't estimate for 4 quarters with confidence because the results are widely fluctuating. Plus this time the increase in input prices have added additional problems. Better to stay away from this stock.
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Re: SIRA Community

Postby Blue Whale » Tue Aug 15, 2017 10:40 am

SIRA negative impact as expected.
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Re: SIRA Community

Postby SHARK » Thu Oct 19, 2017 10:02 am

stay on the sideline for further opportunities...... possible chaos to exiting could trigger bargain for the buyer.
last 4 months in trot has been on the selling side.
if price closes 2.8 this month it would be the 5th month.

retailers should wait for opprtunity.
Price is what you pay. Value is what you get.”


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