Friday, December 11, 2009

SRI LANKA - COCO LANKA - A HIDDEN OPPORTUNITY

Today unfortunately price of coco lanka came down from Rs 56 to Rs 48 due to the announcement of the right issue & non voting share issue.

However we strongly feel that coco still has the upside potential. It is better to have a closer look at the share price fluctuations in future& when opportunity arises to collect shares carefully.

The large volume of trading we saw to day may be due to panic selling,debt clearing where most of people expect a subdivision from the company.

From Monday onwards we can clearly see where its direction is?

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