LDEV and what to expect ?

Aubrey Perera · 1 LDEV and what to expect ? Mon Jun 03, 2013 1:03 pm

Aubrey Perera

Vice President - Equity Analytics

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Hi ,

Can anyone share some light on LDEV please is it a share that's improving financially or is it purely speculative ? is there room for improvement on the share price ?

I don't hold LDEV but I'm interested in getting in to it for the short haul.

Jiggysaurus · 2 Re: LDEV and what to expect ? Mon Jun 03, 2013 1:09 pm

Jiggysaurus

Assistant Vice President - Equity Analytics

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Loss of 3+ for the quarter and 3 for the year. This is even before the wage hike/gratuity issues hit over the next 4 quarters. This group will have to do another rights issue soon.
If you hold this pray for speculators to push.

Slstock · 3 Re: LDEV and what to expect ? Mon Jun 03, 2013 1:19 pm

Slstock

Director - Equity Analytics

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Yes, what happened this quarter is very dissapointing. Some may keep hopes up and maybe someone will push. But
I will not be comfortable in holding this share right now.

. Very

Jiggysaurus wrote:Loss of 3+ for the quarter and 3 for the year. This is even before the wage hike/gratuity issues hit over the next 4 quarters. This group will have to do another rights issue soon.
If you hold this pray for speculators to push.

Aubrey Perera · 4 Re: LDEV and what to expect ? Mon Jun 03, 2013 1:22 pm

Aubrey Perera

Vice President - Equity Analytics

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Thanks Jiggy...doesn't look good...

hariesha · 5 Re: LDEV and what to expect ? Mon Jun 03, 2013 3:31 pm

hariesha

Vice President - Equity Analytics

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I think this is one of the companies that deceived their shareholders at maximum. Earnings cannot justify the current price. Only NAV is above the share price. But it's getting eroded at a rate of more than 25% annually.

Went for a massive rights issue @ 25/-, but people who subscribed to it, have to write off 75% of their investment now.

Manipulation is the only hope for the people holding LDEV. Went up above 70/- and I am glad that I exited @ 22/-. My advise is there are much and much better speculatives. But we don't know when the manipulator wants to dance.

Last edited by hariesha on Mon Jun 03, 2013 3:36 pm; edited 1 time in total