Re: MTD WALKERS - KAPI

by slstock on Fri Oct 12, 2018 12:13 pm

Below comment is made to discuss/highlight a point which is important in our investment/trading careers. No one should take anything personally

This is thread many people were interested on KAPI when it was Rs 55+.
Several Fundamental Analysis and Technical Analysis posts were done by various parties. Many good discussion came.

But at the height of enthusiasm on KAPI ( and at peak of price) , many discussion were mainly focused on positive aspects about KAPI.

There was one crazy guy named SLS, who tried to add some balance on KAPI growth and future prospects to tell people not to get too carried away.

If one read this thread carefully from start to end, one would note several misunderstanding even happened with the one guy who went out of the box.

Today KAPI is in mess and controversy trading at Rs 9.
Is anyone interested in KAPI now to discuss?

POINT : When shares are in hotness many talk about it. Anyone who talks against it will get unpopular too . But when its trading at rock bottom, no one talks about it!

Punchline :

There are many share like KAPI trading at CSE now at rock bottom after losing 80-90% from the top!

Time to identify other gems.

PS:

1) I am making this comment in no way to put down anyone. Kindly look at only the fact made ( don't take it personally anyone)

2) Well if someone is now interested in KAPI, it is still in a kind of mess due to Debt issues and controversial state bank loans given. Fundamentally it too early to talk about KAPI. But trading ops do happen with this share.

by yellow knife on Fri Oct 12, 2018 12:42 pm

Very good analysis.

I have pointed out else where that you acted like the Honest Boy who dared to question the Emperor's costume.

But the tailors, The Emperors and the Wise Majority will be up in arms against the Boy.

Not only MTD Walkers, many other businesses (most unlisted) take too much debt to finance luxury lifestyle of owners.

by Ethical Trader on Fri Oct 12, 2018 5:24 pm

Thanks SLS & YK.

by PANTOMATH on Wed Jan 16, 2019 5:18 pm

Some extra ordinary trading is witnessed in the background rumor of a possible take over.

by PANTOMATH on Thu Jan 17, 2019 6:10 pm

News item published in a national news paper,
http://www.sundaytimes.lk/190113/news/malaysian-investors-shedding-shares-in-construction-firm-new-directors-coming-330211.html

This is the announcement,
https://cdn.cse.lk/cmt/upload_cse_announcements/5251547722469_.pdf

Who is telling lies to whom?

by dhanurrox on Thu Jan 17, 2019 6:50 pm

Its funny how sec want companies to disclose sensitive information.What if there are potential deals which should be kept as secrets.In that case even if there is a potential and discussions going on the company should still lie to these crybabies.

by smallville on Fri Feb 01, 2019 6:10 pm

Th ere are other shitty forums that promotes this..
Remember our Gilmart's amd Satar girl's forum? that's de Den of thieves actually.. So many new names come and promote shares left n right.. Geez Very Happy

by ruwan326 on Fri Feb 01, 2019 7:36 pm

smallville wrote:Th ere are other shitty forums that promotes this..
Remember our Gilmart's amd Satar girl's forum? that's de Den of thieves actually.. So many new names come and promote shares left n right.. Geez

This is one of the post I put in one of another forum Wink

by ruwan326 on Fri Feb 15, 2019 7:41 am

MTD Walkers face liquidation as Hayleys Group firm files winding up petition

15 February 2019

Amidst the latest legal disputes faced by MTD Walker PLC, one of its subsidiaries, Walker Sons and Company Engineers Ltd. is now faced with liquidation proceedings in the Commercial High Court of Colombo.

The Petition to wind up Walker Sons and Company Engineers was filed by a Maldivian company, Total Transport Solutions Ltd., whose ultimate parent company is Hayleys PLC. The Petitioner alleges that Walker Sons owes the Petitioner over Rs. 17 million for the crane-hiring services provided by the Petitioner to Walker Sons, for the construction of a Tank Farm in K. Funadhoo Island in the Maldives.

Counsel Avindra Rodrigo with Rozali Fernando appearing for the Petitioner supported the winding-up Petition on 6 December, and Court, having heard the submissions made by Counsel and taking into consideration the contents of the Petition, fixed the matter for inquiry on 4 April.

The notice of the winding-up Petition has been published in newspapers and Government gazettes. All parties who wish to intervene in the winding-up proceedings may give notice to the Petitioner’s Attorneys-at-Law, F.J. & G. de Saram, of their intention to intervene.

http://www.ft.lk/front-page/MTD-Walkers-face-liquidation-as--Hayleys-Group-firm-files-winding-up-petition/44-672937

Four more banks obtain enjoining orders against MTD Walkers

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