RICH. Is it the time to buy?

OzTRADER · 1 RICH. Is it the time to buy? Fri Sep 19, 2014 11:33 am

OzTRADER

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RICH heavy collection going on, what would be the target price

Wessa123 · 2 Re: RICH. Is it the time to buy? Fri Sep 19, 2014 11:55 am

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Is it collecting or dumping ?

OzTRADER · 3 Re: RICH. Is it the time to buy? Fri Sep 19, 2014 11:56 am

OzTRADER

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Wessa123 wrote:Is it collecting or dumping ?

call the experts...me dont know Very Happy

nickjava · 4 Re: RICH. Is it the time to buy? Fri Sep 19, 2014 6:49 pm

nickjava

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Can be anything. Lots of shares in market after split. May be due to selling pressure. It was trading at 11 on good days. So we can see selling at different levels. For me this a long term investment

PrabathR · 5 Re: RICH. Is it the time to buy? Fri Sep 19, 2014 8:24 pm

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what will happen after 1 year.

nickjava · 6 Re: RICH. Is it the time to buy? Fri Sep 19, 2014 10:15 pm

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PrabathR wrote:what will happen after 1 year.

Well, i think it would be trading around 18-20. i don't know what they will be doing with the money they got from debenture issue. they have good plantation companies under them, hopefully they would be giving them good profits and REXP seems to be coming into light. their finance company would come to play. you would never know, with current trend, new middle income families would visit their super centers more.

PrabathR · 7 Re: RICH. Is it the time to buy? Fri Sep 19, 2014 10:20 pm

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nickjava wrote:

PrabathR wrote:what will happen after 1 year.

Well, i think it would be trading around 18-20. i don't know what they will be doing with the money they got from debenture issue. they have good plantation companies under them, hopefully they would be giving them good profits and REXP seems to be coming into light. their finance company would come to play. you would never know, with current trend, new middle income families would visit their super centers more.

so this is good time to collect this more right.