GLAS NAV from 3.83 to 3.54

tryinghard · 1 GLAS NAV from 3.83 to 3.54 Thu Oct 30, 2014 6:39 pm

tryinghard

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Guys my knowledge on financials is a bit poor. I remember GLAS had a Book Value of 3.83 before release of last Q results. But even with profits in last Q it dropped to 3.54. Is this possible? Please some1 explain to me. Or have I mistaken the NAV with Book value.( I am thinking they are the same)

stockback · 2 Re: GLAS NAV from 3.83 to 3.54 Thu Oct 30, 2014 6:54 pm

stockback

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They Gave Dividend around 0.36 Cnets.

I also maid same mistake on this.

yasiru · 3 Re: GLAS NAV from 3.83 to 3.54 Thu Oct 30, 2014 7:44 pm

yasiru

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glass good for the long to medium..they are going to build recycling plant..and also dcsl is the main buyer..so alcohol consumption directly effect to them,,look at the trading...most of the broker firms recommending.. and also release the research reports..that means glas can go...up...some guys collecting glas.huge buyings...

nav mainly base on assets....this q it in lower because they sell there land...do you remember????

stockback · 4 Re: GLAS NAV from 3.83 to 3.54 Thu Oct 30, 2014 7:48 pm

stockback

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nav mainly base on assets....this q it in lower because they sell there land...do you remember????[/quote]

Land sold in two quarters before not this one.

This Time NAVPS drops bcz of dividend. 1st oct 0.36
30.09.2014 quarter its around 3.80 (i cannot remember exact price)

cash flow to outside thats why this time NAVPS drop bit

yasiru · 5 Re: GLAS NAV from 3.83 to 3.54 Thu Oct 30, 2014 8:01 pm

yasiru

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thanks for correcting
look at the financial position sheet in the statement..they reduced their some assets values..
and also like you said..dividend payment also create money out flow..