Thursday, 24 April 2014

Quote for the day

“The human mind was made to create patterns. It will see patterns in random data. A turn-of-the-century statistics book put it this way: 'Too fine an eye for pattern will find it everywhere.'” -William Eckhardt

24-Apr-2014 CSE Trade Summary


Following Stocks Reached New High / Low on 24/04/2014

Crossings - 24/04/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_463_24-04-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day

Company Fact Sheet: Abans Electricals PLC - ABAN:N0000

About the company:

Established: 1981                  Quoted Date: 1984-01-01              Sector: Manufacturing

Abans Electricals PLC is a Sri Lanka-based manufacturer of electric and electronic appliances. The Company is engaged in the manufacture and assembly of household electrical and electronic appliances, and the provision of repair and maintenance services. The Company operates in two segments, manufacturing department and service department. The manufacturing department is engaged in the manufacture and assembly of LG-branded washing machines, refrigerators, televisions, air conditioners, cookers and water geyzers. The service department is engaged in the installation, repair, maintenance and all after sales services of all electrical and household appliances sold by Abans Group. As of March 31, 2013, the Company's parent undertaking was Abans (Pvt) Ltd. As of the same date, it had a sole subsidiary, Abans Jung Poong (Pvt) Ltd.

Chairperson / Managing Director: Mrs A. Pestonjee

Board of Directors:
Prof Lakshman Ravendra Watawala (Independent Non Executive Director)
Mrs Dayangani Priyanthi Pieris (Independent Non Executive Director)
Mrs Saroshi Dubash
Mr Behman Pestonjee
Mr Rusi Pestonjee
Mr Allen Raffel
Mr C.A. Fernando 

52 Weeks Low: 75.00                                                                52 Weeks High: 145.83
Average Trading Volume: 1,510

Company Financial at a glance:
Click Table to Enlarge

Total Voting shares in Issue: 5,110,560 

Notes:1. 1,064,700 Ordinary Shares of the Company were allotted on 14th December 2004, pursuant to a 1:1 Bonus Issue.
2. 1,064,700 voting shares of the company were listed on 7th July 2010, pursuant to a capitalization of reserves in the proportion of 1:2.
3. 1,064,700 Ordinary Shares of the Company were listed on 23rd August 2010, pursuant to a 1:3 Rights Issue @ Rs. 45.00.
4. 851,760 Ordinary Voting Shares of the Company were listed on 4th October 2013, pursuant to a capitalisation of reserves in the portion of 1:5.


Top 20 Shareholders as at 31/12/2013


Percentage of public holding as at 31st December 2013 was 32.21%

The percentage of Foreign Holding as at 31st March 2014 was 1.97%

Quote for the day

“Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake. You need to believe in something, but at the same time, you are going to be wrong a considerable number of times. The balance between confidence and humility is best learned through extensive experience and mistakes.” - Michael Steinhardt

Wednesday, 23 April 2014

23-Apr-2014 CSE Trade Summary



Following Stocks Reached New High / Low on 23/04/2014

Crossings - 23/04/2014 & Top 10 Contributors to Change ASPI
http://www.cse.lk/cmt/upload_cse_report_file/daily_report_676_23-04-2014.pdf

Top 10 Gainer / Loser / Turnover / Volume for the day

Foreign Activity for the day

Three Best Practices During Trading Slumps


Here's a list of best practices during trading slumps:

* Keeping risk-taking down until you see markets clearly - Losing small and gaining big is what makes for excellent risk-adjusted returns. Accepting that you're not seeing things well is half the battle. By continuing to actively engage markets in small size, you give yourself an opportunity to regain perspective. Trading larger or more often out of the frustration of losing is a recipe for disaster.

* Focusing on yourself - Very often, losses occur because market patterns have changed. Slumps occur because your mindset has changed. By working on yourself before you go hard at markets, you place yourself in an optimal mindset to press your advantage when things line up. Stepping back from trading, renewing your energy, getting back to core strengths--all can help create the mindset to see markets freshly.

* Searching and re-searching - Stepping back from trading doesn't mean you step back from markets. When times are tough, great traders double down on research and idea generation. It's that pipeline of ideas that will produce the next winning trades. Research and development is what ultimately keeps your trading business alive; turning the search for trades into trading re-search turns a losing period into an opportunity for advancement.

Drawdowns are inevitable. Slumps are not. Your job in coaching yourself is to learn from the drawdowns and use them as opportunities to make yourself better. A drawdown only becomes a slump when it gets inside our heads and takes us away from our core strengths. Drawdowns become business opportunities when they focus us on those strengths and prod us to expand them.

Edited article from http://traderfeed.blogspot.co.uk/

Company Fact Sheet: Pan Asia Banking Corporation PLC - PABC:N0000

About the company:

Established: 1995                  Quoted Date: 2005-04-05              Sector: Banks Finance & Insurance

Pan Asia Banking Corporation PLC (the Bank) is a Sri Lanka-based company engaged in banking and related activities, such as accepting deposits, personal banking, trade financing, resident and non-resident foreign currency operations, travel related services, corporate and retail credit, project financing, lease and hire purchase financing, pawning, ran loan, issuing of local and international credit cards, telebanking facilities, Internet banking and short message service (SMS) banking. The Bank's key product offerings include savings account, children's savings accounts, current accounts, easy pension, fixed deposits, home loans, leasing, gold loan services, safety lockers and global traveler's card.

Chairman: Mr W.D.N.H. Perera

Deputy Chairman: Mr E. De Silva

Cheif Executive Officer: Mr D. Seneviratne 

Board of Directors:
Mr J.A.S. Sumith Adhihetty
Mr M. Goonathilleke
Mr 
T.G. Thoradeniya 
Mr G.A.R.D. Prasanna 
Mr T. Igarashi 
T. Murakami
Mr 
H.K. Seneviratne  (Senior Director)
Mr J.D.N. Kekulawala  (Non Executive Independent Director)

52 Weeks Low: 15.40                                                                52 Weeks High: 23.30
Average Trading Volume: 49,230

Company Financial at a glance:
Click Table to Enlarge

Total Voting shares in Issue: 295,041,086

Notes:
1. 55,068,524 Ordinary Shares of the Company were allotted on 26th October 2006, pursuant to a 1:1 Rights Issue @ Rs. 10.00. (55,571,883 Shares Offered)
2. 36,880,136 Ordinary Shares of the Company were allotted on 31st March 2010, pursuant to a 1:3 Rights Issue @ Rs. 12.00.
3. 295,041,086 Ordinary Shares of the Company were started to trade on 8th June 2011, pursuant to a 2:1 Share Split.

Debentures Listed on CSE:

Top 20 Shareholders as at 31/12/2013


Percentage of public holding as at 31st December 2013 was 52.22%

The percentage of Foreign Holding as at 31st March 2014 was 21.43%