HomeIt's a BUY !! - Asha Phillip Technical guide - December 2015
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sashimaalTop contributor
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It's a BUY !! - Asha Phillip Technical guide - December 2015
Thu Dec 31, 2015 6:07 pm
https://drive.google.com/file/d/0BzrdWYYXdeiUZ0hWM3haeVczRld5bndrUEVXUGNkbzNlRWY0/view?usp=sharing
කිත්සිරි ද සිල්වාTop contributor- Posts : 9679
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Thu Dec 31, 2015 6:16 pm
Thanks sashi. 
(TJL - Second target achieved. Book profit and exit is the recommendation. Why ? Has it run out of steam?)
Disclaimer - Holding a fair amount of TJL in my Pf.
(TJL - Second target achieved. Book profit and exit is the recommendation. Why ? Has it run out of steam?)
Disclaimer - Holding a fair amount of TJL in my Pf.
- sashimaalTop contributor
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Thu Dec 31, 2015 6:27 pm
Kithsiri,
Tech recommendations are based on chart patterns linked to demand/supply (buying/selling).
It doesn't take into consideration of any external factors such as future expansion, new Customers, high PE ratios, whether a big fund recently entered the stock, etc.
We need to evaluate those aspects as well and make our decisions.
TJL is a "buy and forget stock" if you are a long term investor.
Personally i don't see it coming below Rs 34 unless ASI does a deep dive.
Tech recommendations are based on chart patterns linked to demand/supply (buying/selling).
It doesn't take into consideration of any external factors such as future expansion, new Customers, high PE ratios, whether a big fund recently entered the stock, etc.
We need to evaluate those aspects as well and make our decisions.
TJL is a "buy and forget stock" if you are a long term investor.
Personally i don't see it coming below Rs 34 unless ASI does a deep dive.
කිත්සිරි ද සිල්වා wrote:Thanks sashi.
(TJL - Second target achieved. Book profit and exit is the recommendation. Why ? Has it run out of steam?)
Disclaimer - Holding a fair amount of TJL in my Pf.
smallvilleTop contributor- Posts : 1872
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Fri Jan 01, 2016 8:47 am
With TJL, better to wait and see.. I also dont see it slowing down unless ASI goes below 6800. But now a new year has come.. Share transaction levy reduced.. so there's good opportunities for trader that can ignite some market movement..
NC`Top contributor- Posts : 163
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Tue Jan 05, 2016 8:02 am
Thanx Shashimal...
yellow knifeTop contributor- Posts : 6980
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Tue Jan 05, 2016 8:20 am
Thanx Shashi
Hawk Eye- Posts : 428
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Tue Jan 05, 2016 11:52 am
Is Brandix dumping all its direct holdings on to TJL ? All its acquisitions are owned by Brandix
- rameez
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Tue Jan 05, 2016 12:53 pm
The dumping is possible if Brandix have received a positive reaction on the resumption of the GSP.
TJL fabrics are preferred in the european market and most of their fabric is sold within the Brandix parameters.
The gsp has a massive impact on this share and it will remain at these prices until then.
TJL fabrics are preferred in the european market and most of their fabric is sold within the Brandix parameters.
The gsp has a massive impact on this share and it will remain at these prices until then.
- Hawk Eye
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Tue Jan 05, 2016 1:42 pm
6th November 2013: TJL entered in to a Technical Service and Management Agreement with "Ocean India Pvt Ltd (OCI)" for 2 years commencing from October 2013 which fetched TJL $780K per annum.http://www.cse.lk/cmt/uploadAnnounceFiles/9531383734161_.pdf
12th February 2015: TJL comes out with an announcement to acquire both OCI and Quenby..stating it as a regional expansion strategy.
26 May comes out with the announcement of Quenby acquisition. its a 50%: 50% JV of Brandix:Trust Family Inc..
29 June: OIC acquisition which is also a JV of Brandix
When the Industry slumps, this is the best way to get out without making founder/owner much to loose, by listing and dumping all the JV coming to an end.
12th February 2015: TJL comes out with an announcement to acquire both OCI and Quenby..stating it as a regional expansion strategy.
26 May comes out with the announcement of Quenby acquisition. its a 50%: 50% JV of Brandix:Trust Family Inc..
29 June: OIC acquisition which is also a JV of Brandix
When the Industry slumps, this is the best way to get out without making founder/owner much to loose, by listing and dumping all the JV coming to an end.
- Fireandwater
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Tue Jan 05, 2016 3:16 pm
Looks like everything is wait and see or sell? is it a direction on the market?
- NC`Top contributor
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Wed Jan 06, 2016 7:54 am
Is anyone having a recent valuation guide..?? 
- seekTop contributor
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Re: It's a BUY !! - Asha Phillip Technical guide - December 2015
Thu Jan 07, 2016 12:05 pm
Normally these BUY recommendations come when others want to exit.
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