Monday, 25 August 2014
Company Fact Sheet: Odel PLC - ODEL:N0000
About the company:
Established: 1990 Quoted Date: 2010-08-04 Sector: Footwear & Textiles
Odel PLC is engaged in fashion retailing business. The Company's product offerings include ladies wear, menswear, kid swear, home wear, perfumes and cosmetics, books and music, shoes and handbags, jewelry and accessories, luggage, food, and stationery, gift wrap, and souvenirs. The Company conducts its real estate activities in relation to retail business. The Company's subsidiaries include Odel Apparels (Pvt) Ltd, Odel Properties (Pvt) Ltd., Odel Lanka (Pvt) Ltd., Odel Information Technology Services (Pvt) Ltd, Odel Lanka (Pvt) Ltd, Odel Properties (Pvt) Ltd, Odel Apparels (Pvt) Ltd, and Greenfield Trading (Pvt) Ltd.
Chairman: Mr Ruchi Hubert Gunewardene
Chief Executive Officer: Ms Otara Del GunewardeneBoard of Directors:
Mr Paul Topping
Mr Sanjay Sumanthri Kulatunga
Mr Atulugamage Damian Eardley Ignatius Perera
Mr Hia Ngee Yeow (Non Executive Non Independent Director)
Mr Y.Bhg. Datuk Lee Kok Leong (Non Executive Non Independent Director)
Mr Tiang Chee Sung (Non Executive Non Independent Director)
Ms Wong Siew Chuan (Non Executive Non Independent Director)
Mr Hamid Ghazali Hussain (Alternate Director to Mr. P. Topping)
52 Weeks Low: 18.10 52 Weeks High: 25.00
Average Trading Volume: 81,520
History of Rights Issues:
Total shares in Issue as at 30-06-2014: 272,129,431
Top 20 Shareholders as at 30/06/2014
The percentage of Shares held by the Public as at 30th June 2014 was 7.98%.
The percentage of Foreign Holding as at 31st July 2014 was 0.498%
Quote for the day
“I think investment psychology is by far the most important element, followed by risk control, with the least important consideration being the question of where you buy and sell.” - Tom Basso
Sunday, 24 August 2014
Well Managed Risks ... Bring Rewards!
“Risk comes from not knowing what you're doing.” - Warren Buffett
We often listen to people who hesitate to invest in the stock market because they fear risk.
There are older people who fear that a stock crash could leave them destitute.
There are young couples who pine for a new home but worry that an investment loss could kill their chances.
For any investor, risk is a fact of life!
Whenever an opportunity opens up for you to make an investment profit, you also face the fear of the possibility of suffering an investment loss.
Even with "safe" kinds of investments, such as bank deposits, there is a risk that the rate you earn will not exceed the rate of inflation.
Often, these fears are rooted in a misunderstanding of what risk is. Those who understand market risks -- and properly evaluate their ability to tolerate them -- can supercharge their investment portfolios by embracing a certain amount of uncertainty!
In the financial world, risk translates to uncertainty and it's measured by standard deviation from the norm.
Many individuals would say the riskier investment is the first, because their principal would be in greater jeopardy. But to professionals, the first investment is merely stupid -- not risky -- because it's a sure thing to lose!
Still, what worries many is that you never know when the stock market is going to dive.
What if it falls right before you need to sell?
Most individuals measure risk as their chance of loss, but we measure risk by the variability of returns!
In other words, because stocks have higher average returns, you can suffer some losses and still end up vastly ahead over the long run.
There's only one situation in which adding stocks to your portfolio doesn't make sense -- when you don't have time to let the market work for you.
In any given year, you have about a 1 in 4 chance of taking a loss in the stock market. If one year or less is as long as you plan to invest, stocks boil down to a gamble.
But if your time horizon is five years or more, there's a very good chance that putting at least a portion of your money in stocks will boost the performance of your investments!
One question you have to resolve is the kind of investment risk you're comfortable taking.
The choice ranges from conservative to aggressive, with a broad middle ground between the extremes.
Conservative Investing means putting money where there's little risk to principal.
Moderate Investing means taking risks by putting money into growth stocks and bonds.
Aggressive or Speculative Investing means taking a possible risk of losing part of your investment in exchange for the possibility of making a larger profit.
The ideal risk equalizer is that you should work for balance among the various risk categories.
One of your concerns should also be that if you invest too conservatively, you wouldn't have enough money down the road to afford your goals even if you've been diligent in following your plan.
Another is that by taking too many chances you risk losing too much of your capital.
Source:www.greekshares.com
We often listen to people who hesitate to invest in the stock market because they fear risk.
There are older people who fear that a stock crash could leave them destitute.
There are young couples who pine for a new home but worry that an investment loss could kill their chances.
For any investor, risk is a fact of life!
Whenever an opportunity opens up for you to make an investment profit, you also face the fear of the possibility of suffering an investment loss.
Even with "safe" kinds of investments, such as bank deposits, there is a risk that the rate you earn will not exceed the rate of inflation.
Often, these fears are rooted in a misunderstanding of what risk is. Those who understand market risks -- and properly evaluate their ability to tolerate them -- can supercharge their investment portfolios by embracing a certain amount of uncertainty!
In the financial world, risk translates to uncertainty and it's measured by standard deviation from the norm.
Many individuals would say the riskier investment is the first, because their principal would be in greater jeopardy. But to professionals, the first investment is merely stupid -- not risky -- because it's a sure thing to lose!
Still, what worries many is that you never know when the stock market is going to dive.
What if it falls right before you need to sell?
Most individuals measure risk as their chance of loss, but we measure risk by the variability of returns!
In other words, because stocks have higher average returns, you can suffer some losses and still end up vastly ahead over the long run.
There's only one situation in which adding stocks to your portfolio doesn't make sense -- when you don't have time to let the market work for you.
In any given year, you have about a 1 in 4 chance of taking a loss in the stock market. If one year or less is as long as you plan to invest, stocks boil down to a gamble.
But if your time horizon is five years or more, there's a very good chance that putting at least a portion of your money in stocks will boost the performance of your investments!
One question you have to resolve is the kind of investment risk you're comfortable taking.
The choice ranges from conservative to aggressive, with a broad middle ground between the extremes.
Conservative Investing means putting money where there's little risk to principal.
Moderate Investing means taking risks by putting money into growth stocks and bonds.
Aggressive or Speculative Investing means taking a possible risk of losing part of your investment in exchange for the possibility of making a larger profit.
The ideal risk equalizer is that you should work for balance among the various risk categories.
One of your concerns should also be that if you invest too conservatively, you wouldn't have enough money down the road to afford your goals even if you've been diligent in following your plan.
Another is that by taking too many chances you risk losing too much of your capital.
Source:www.greekshares.com
Quote for the day
"It is not because things are difficult that we do not dare; it is because we do not dare that things are difficult!" - Lucius Annaeus Seneca (5 BC - 65 AD)
Saturday, 23 August 2014
Best & Worst Trades of All Time
Nice graphic showing the 10 greatest — and worst — trades of all time. The lure of these outsized billion dollar wins seems to affect the psychology of many investors and traders, looking for that one giant score.
Source: http://www.ritholtz.com/
Source: http://www.ritholtz.com/
Quote for the day
“Successful speculation implies taking risk when the odds are in your favor. Just like in poker, where you have to know which hands to bet on, in trading you have to know when the odds are in your favour.” - Victor Sperandeo
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