MGT Community

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Re: MGT Community

Postby SHARK » Sat Nov 11, 2017 2:57 pm

here we go with another contrarian play.
atm MGT could be trading at future valautions in terms of High PER.

retailers will start picking this when they see high earnings and better EPS than now.

so the play is understood by big boys.

its time we look at before retail interest is gathered on this counter.

15.50 and 13.50 are worthy levels to look at.

so accumulate around these levels for future GAIN
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Re: MGT Community

Postby prasa2004 » Sat Nov 11, 2017 7:31 pm

Need to check impact of below from Budget

 Imposition of Value Added Tax (VAT) on import or supply of the imported Yarn/Fabrics
with HS Codes 5

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Re: MGT Community

Postby SHARK » Tue Nov 21, 2017 3:08 pm

Thanks Prasa.
Between 15 and 13.50 (Last Support) we should look at collecting !

Anyone in buying mood :-w
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Re: MGT Community

Postby SHARK » Wed Nov 22, 2017 4:59 pm

Threatening to go below 15 :D

Lets see if this holds well around the SUPPORT.

Activate your weapons to buy in 3 Lots.

Some may not like due to High PE.

Its a Risk Vs Rewards
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Re: MGT Community

Postby SHARK » Wed Jan 10, 2018 12:26 am

so it touched 13.5 and now up 50c. when results are out where will this be !
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Re: MGT Community

Postby SHARK » Wed Jan 10, 2018 12:28 am

technically we should look at it cautiously to collect in 3 lots.
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Re: MGT Community

Postby Blue Whale » Wed Jan 10, 2018 7:14 am

13.5 is a good trading entry. It was trading in the band 14-17 for many times. Entering at 14 with a target of 16 or 17 is a low risk strategy. I don't expect a better quarter from them.
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Re: MGT Community

Postby Blue Whale » Thu Feb 01, 2018 12:57 pm

It is showing some kind of momentum now.
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Re: MGT Community

Postby SHARK » Thu Feb 01, 2018 2:10 pm

SHARK wrote:Threatening to go below 15 :D

Lets see if this holds well around the SUPPORT.

Activate your weapons to buy in 3 Lots.

Some may not like due to High PE.

Its a Risk Vs Rewards


Those activated the weapons in neutral .... :ymdaydream:
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Re: MGT Community

Postby siga » Thu Feb 01, 2018 2:23 pm

SHARK wrote:
SHARK wrote:Threatening to go below 15 :D

Lets see if this holds well around the SUPPORT.

Activate your weapons to buy in 3 Lots.

Some may not like due to High PE.

Its a Risk Vs Rewards


Those activated the weapons in neutral .... :ymdaydream:


i-) i-)

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Re: MGT Community

Postby SHARK » Fri Feb 02, 2018 12:57 pm

i am still trying to collect below 14.50
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Re: MGT Community

Postby SHARK » Fri Feb 02, 2018 3:58 pm

the chart is bullish, support /exit price 13.50, entry between 14-15
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Re: MGT Community

Postby SHARK » Fri Feb 02, 2018 3:58 pm

mgt.png
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Re: MGT Community

Postby prasa2004 » Tue Feb 06, 2018 5:20 pm

https://cdn.cse.lk/cmt/upload_report_fi ... Fabric.pdf

Pathetic performance. It is high time HAYL should evaluate the management team. No progress despite GSP etc. Mgt owe atleast some explanation
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Re: MGT Community

Postby Blue Whale » Tue Feb 06, 2018 5:30 pm

It was expected.
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Re: MGT Community

Postby Blue Whale » Tue Feb 06, 2018 6:36 pm

I think they need a bit of revenue push up. If that can be achieved then we can expect a decent result. Looks like the market they operate are tough to grow.
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Re: MGT Community

Postby PAT » Tue Feb 06, 2018 11:27 pm

Sri Lanka's Hayleys Fabric makes loss in Dec quarter

ECONOMYNEXT –Sri Lanka's Hayleys Fabric made a loss of 10.8 million rupees in the December 2017 quarter compared with a 12.1 million rupee profit a year earlier, accounts filed with the stock exchange showed.

The fabric maker, a unit of Hayleys PLC, reported a loss of five cents a share in the quarter, despite Sri Lanka regaining GSP Plus trade concessions to the EU in May 2017.

In the nine months to December 2017, Hayleys Fabric reported a 10 cents loss per share on a total loss of 21.1 million rupees.

Revenues grew four percent in the quarter from a year ago to 2.1 billion rupees, while cost of sales also grew at four percent to 1.9 billion rupees, leading to a gross profit of 229.7 million rupees, up five percent from a year ago.

Administrative expenses grew 16 percent to 187.9 million rupees and financing costs increased 24 percent to 38.5 million rupees.

In the notes to the accounts, the Hayleys Fabrics said contingent liabilities on bills discounted amounted to 69,271 US dollars (about 10.6 million rupees). (COLOMBO, February 06, 2018)
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Re: MGT Community

Postby Cseinvester » Tue Feb 06, 2018 11:59 pm

thanks PAT. before 1 and half year im bought 1laks shares around 18 per share cost. when day by day price going down and ask my broker to sell. he said dont sell this will hit soon like that. 1 year hold . 1 year after price 14 per share. sell with lost. when im selling time again broker ask dont sell this will up. im dont listen him and sold MGT. and buy one share after that . that gives me good gain. if im hold untill now MGT lost untill now and this quater also lost... Better to away from MGT.. now more than 1 and half year cant improve their profits. #:-s

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Re: MGT Community

Postby SHARK » Wed Feb 07, 2018 1:33 am

mgt.png

Average Quarter Generates 2.1 Billion Revenue.
Can MGT produce brilliant numbers starting Jan-Mar 18.

What i like to see in MGT is to break that status quo (jinx) and capture above 3 Bil in terms of revenue for next qtr onwards.

Cotton Futures declining and thats a good start to ease bottom line pressures.

Keeping my fingers crossed. :-?
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Re: MGT Community

Postby SHARK » Wed Feb 07, 2018 1:41 am

I remember once PARQ was a loss making company..... i am seeing a possible turn of events for better..... so dont lose faith. just buy or average, it will give the desired return when time is right.
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Re: MGT Community

Postby nuwandwo » Wed Feb 07, 2018 6:14 am

SHARK wrote:mgt.png
Average Quarter Generates 2.1 Billion Revenue.
Can MGT produce brilliant numbers starting Jan-Mar 18.

What i like to see in MGT is to break that status quo (jinx) and capture above 3 Bil in terms of revenue for next qtr onwards.

Cotton Futures declining and thats a good start to ease bottom line pressures.

Keeping my fingers crossed. :-?


Thanks Shark ^:)^ ^:)^

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Re: MGT Community

Postby Blue Whale » Wed Feb 07, 2018 7:02 am

My strategy is to execute decent trades. This share giving us a decent opportunity to trade within a certain price band.
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Re: MGT Community

Postby newer1 » Wed Feb 07, 2018 8:41 am

Hm...
BE A FRIEND OF TREND

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Re: MGT Community

Postby SHARK » Fri Feb 09, 2018 1:54 pm

nuwandwo wrote:
SHARK wrote:mgt.png
Average Quarter Generates 2.1 Billion Revenue.
Can MGT produce brilliant numbers starting Jan-Mar 18.

What i like to see in MGT is to break that status quo (jinx) and capture above 3 Bil in terms of revenue for next qtr onwards.

Cotton Futures declining and thats a good start to ease bottom line pressures.

Keeping my fingers crossed. :-?


Thanks Shark ^:)^ ^:)^

the only issue is that we have never seen 3 bil revenue per quarter in the past. we might be able to reasonably get closer to 2.5bil.
so a short fall of 500 mil .... thats a quite big gap to fill.

:-??
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Re: MGT Community

Postby SHARK » Fri Feb 09, 2018 10:39 pm

mgt.png


This is a small technical analysis based on elliot waves theory.
we have seen 2 previous instances where full completion of the 5 wave patterns.

now we are into the 3rd phase, and already saw wave 1 and wave 2 completion around 14rs today.

some good qtys absorbed including me around 14rs.

if mgt share price moves in an upward trajectory, we will looking at 2 possible fib ratios 1.618 and 2.618 minimum, as highlighted in the chart.

the cycle will get invalidated if share price declines below last support.

if the support is tested and the hold is confirmed then we can look at a double bottom reversal, towards target 17.
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