OFFLINE

Lankabangla Security is about to be listed in the dse. Road show is already over. Now accumulation is going silently and maintaining a good support around 460-470 or so . From next week it may follow bullish trend

OFFLINE

It is evident that Lankabangla securities is not going to be listed any more, so what might be the future of alone Lankabangla Finance?

OFFLINE

I agreed with @ sharose khan bro

OFFLINE

LANKA BANGLA FINANCE
================

FUNDAMENTAL DATA:
==============

FV:10 ML:500
NAV:30.13
EPS: 31.51 EPS(2009):16.81
EPS GROWTH:87.44%
NPAT: 1674.01 mn NPAT(2009):744.07mn
NPAT GROWTH:124.98%
LATEST CLOSE PRICE(20-01-2011):367.6
P/E:11.66
PRICE/NAV:12.20
ROE:104%

COMMENT:
Fundamental Strength: VERY STRONG


TECHNICAL ANALYSIS
==============

Price and moving averages:


LANKABAFIN has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND above long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and neutral in mid-long term.

Bollinger Bands:
LANKABAFIN has closed above bottom band by 10.5%.
Bollinger Bands are 21.4% narrower than normal.

RSI

The current value for the RSI15 is   39.954

The RSI is not currently in a topping (above 70) or bottoming (below 30) range.
Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.

Divergence:
The RSI and price are not diverging.

MACD

MACD Value:  -21.317, Signal Line:  -12.254

Crossovers:

Currently the MACD is bearish since it is trading below its signal line.
The MACD crossed below its signal line 30 period(s) ago.
Overbought/Oversold:
The MACD is in an oversold range. Prices may continue to move lower for some time.  Wait for prices to move higher before considering any long positions.

Divergence:
There have been no divergence signals within the last 5 periods.

CAUTION:This commentary is not a recommendation to buy or sell. Use at your own risk.

OFFLINE

Taj bhai how much time Lanka could take to cross tk 500? Or If I hold it for more 06 -9 months what might be the result?

ONE MORE QUESTION to U that what is your assessment about the market for a period of one year? will it be able to turn back again after this endless fall?

OFFLINE

Originally Posted by Sharose Khan:
Taj bhai how much time Lanka could take to cross tk 500? Or If I hold it for more 06 -9 months what might be the result?

ONE MORE QUESTION to U that what is your assessment about the market for a period of one year? will it be able to turn back again after this endless fall?

Lankabangla is considered to be a growth stock. But due to present market bearishness it is going down. Price may be down as low as 350 in case of extreme fall. Else it will bounce back from 400 level. If market goes stable it may take 3-4 months to reach 500.

I have already discussed about the fate of the market for this year. Many may oppose, but I think market will be 5600-6300 range. Market will behave abnormally untill it reaches 5600.

OFFLINE

Taj Bhai,
Should I sell Lanka bangla since my buying price is more than 500 or hold it ?
It is not showing any sign of rise even when the dividend declaration is just ahead.
Since 95% dividend declaration of NBL could not raise the price. Rather the price has fallen.
Pl advice.

OFFLINE

The sharp rise on Tuesday has failed in further confirmation to rise. Now , to my analysis there is no other way to rise the index without govt intervention. There may be one more false move. There is clear demand and supply imbalance. It will be wise to shake out.

In this situation, we have to be flexible. Selling @420 and re-enter at 380 will recover 40 tk if we sell again in 420, But if we don't do it , our money will be stagnant in 420  level. Doing this twice may recover the loss even the price is @ 420 level.

The index has created almost 3 bottoms at 6400, 6300 and again 6300 respectively on 10 Jan, 20 Jan and 09 Feb. As per Elliott Wave, it will break 6300 next time. It may be as low as 6000. So, I think re enter at 6300 level will be beneficial and add more as fast as it goes down.

OFFLINE

Thank you taj  bhai. Readjusting all my scripts to suit strategy for Elliot Wave. rgds

OFFLINE

Originally Posted by Sems Khan:
Thank you taj  bhai. Readjusting all my scripts to suit strategy for Elliot Wave. rgds

Thanks

OFFLINE

Originally Posted by Taj U Ahmed:

Originally Posted by Sems Khan:
Thank you taj  bhai. Readjusting all my scripts to suit strategy for Elliot Wave. rgds

Thanks

My buying price now is 492.
Should I go for 55% dividend ?
Is it wise to hold it for next 3/4 months for dividend and then be in profit  in this Elliot wave effect ?
Taj Bhai, if could please advise

OFFLINE

Originally Posted by Sems Khan:

Originally Posted by Taj U Ahmed:

Originally Posted by Sems Khan:
Thank you taj  bhai. Readjusting all my scripts to suit strategy for Elliot Wave. rgds

Thanks

My buying price now is 492.
Should I go for 55% dividend ?
Is it wise to hold it for next 3/4 months for dividend and then be in profit  in this Elliot wave effect ?
Taj Bhai, if could please advise

Tomorrow (22-02-2011) it will rise little. If market goes mixed it may go upto 460 and bounce back, If the index even go to 6800, there will be no significant rise.The last upper price as per my analysis is 468. Why? Because on Sunday it has traded above its short time average and now the price is above short time moving average. 468 is equal to the long time moving average. If the index follow the next corrective wave, it will go below 5500 and the price of LBF will be 360-380. Dividend factor works positively only when market goes bullish.

Again, If the market goes very bullish tomorrow i.e. 200 points rise in 1st hour and closes with 300+ up, then it has possibility to rise  a bit more on Wednesday. Elliott Wave considerably gives better result. I have sold almost 80% of my portfolio on last Sunday and offload the rest 20% on tomorrow and will wait for the next corrective wave. I may wait for next 15-30 days. No matter. It is better to invest with confirm and less profit than to unconfirmed and huge.

OFFLINE

Originally Posted by Taj U Ahmed:

Originally Posted by Sems Khan:

Originally Posted by Taj U Ahmed:

Originally Posted by Sems Khan:
Thank you taj  bhai. Readjusting all my scripts to suit strategy for Elliot Wave. rgds

Thanks

My buying price now is 492.
Should I go for 55% dividend ?
Is it wise to hold it for next 3/4 months for dividend and then be in profit  in this Elliot wave effect ?
Taj Bhai, if could please advise

Tomorrow (22-02-2011) it will rise little. If market goes mixed it may go upto 460 and bounce back, If the index even go to 6800, there will be no significant rise.The last upper price as per my analysis is 468. Why? Because on Sunday it has traded above its short time average and now the price is above short time moving average. 468 is equal to the long time moving average. If the index follow the next corrective wave, it will go below 5500 and the price of LBF will be 360-380. Dividend factor works positively only when market goes bullish.

Again, If the market goes very bullish tomorrow i.e. 200 points rise in 1st hour and closes with 300+ up, then it has possibility to rise  a bit more on Wednesday. Elliott Wave considerably gives better result. I have sold almost 80% of my portfolio on last Sunday and offload the rest 20% on tomorrow and will wait for the next corrective wave. I may wait for next 15-30 days. No matter. It is better to invest with confirm and less profit than to unconfirmed and huge.

Taj Bhai, Thanks as usual. Special thanks for the last and final advice It is better to invest with confirm and less profit than to unconfirmed and huge

OFFLINE

How much LBF might go down after record date (considering all the X factors)

OFFLINE

Originally Posted by Ahmed Safkat:
How much LBF might go down after record date (considering all the X factors)

240