Will PMB reach Rs 80 per share?

amibroker wrote:

GJ wrote:this is big players game, nothing to tell about this

Sri Lanka Emagewise buys chunk of People's Merchant
June 10, 2011 (LBO) - Emagewize, a Sri Lankan firm controlled by businessman Dilith Jayawwera, bought a 20 percent stake in People's Merchant PLC Friday, stock market sources said.

CSE Today wrote:

GJ wrote:will hit PMB to 80 like 2008year?

Then... before that MBSL have to hit xxxx/-...heh heh heh coz MBSL is good than PMB

themask wrote:Do you guys think LOLC will move up becasue of this? Like SINI? Just wondering..

themask wrote:Oh thats a lot of money. Thanks Monster.

Monster wrote:

themask wrote:Oh thats a lot of money. Thanks Monster.

Company like LOLC, this loss is like a penny.

GJ wrote:will hit PMB to 80 like 2008year?

thushanthas wrote:Am I to bye this at 35 levels or see the rally going on ????

thushanthas wrote:Am I to bye this at 35 levels or see the rally going on ????

Tiger wrote:

thushanthas wrote:Am I to bye this at 35 levels or see the rally going on ????

This is typical behavior to avoid, if you were quick enough to identify the rally forming you could have jump into that early in the morning. If you dont know how to identify a rally and reversal keep away.

CSE Today wrote:

GJ wrote:will hit PMB to 80 like 2008year?

I have a Great question? ...even before the PMB was bought by Dilith, today early morning you have posted this topic ...? How did you do that...? From Where did you get the Info leaked...??? don't tell its a probability...! you knew some thing insider info...!

Tiger wrote:I have sold my PMB shares today, and made a good profit.
In my opinion this was an under valued counter, with great potential.

bull wrote:Should I sell or hold PMB?

Tiger wrote:Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers.
I have seen many members say PE so low why such and such share is not going up.

CSE Today wrote:

Tiger wrote:I have sold my PMB shares today, and made a good profit.
In my opinion this was an under valued counter, with great potential.

Under...what...??? the buyes will lose their Under wear tooooo....!

seyon wrote: I heard that, now ERI also started to selling their stake.

slstock wrote:

Tiger wrote:Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers.
I have seen many members say PE so low why such and such share is not going up.

"I have seen many members say PE so low why such and such share is not going up."

Would you believe it is due to present crowd psycology. More people believe in short term profit vs long term investment. When How big shots buying into companies and pushes prices up, retailers also follow.

Regarding PMB:
"Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers."

Then you could say it is on the path of recovery. Saying undervalued is not justifiable. Then what do you say to shares like NTB,MBSL which have profit growing ( not reducing losses).

Monster wrote:

seyon wrote: I heard that, now ERI also started to selling their stake.

There was a 2 million crossing at 32/-. It's either ERI or Mr DJ is transferring to some other director in his own company.

Tiger wrote:

slstock wrote:

Tiger wrote:Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers.
I have seen many members say PE so low why such and such share is not going up.

"I have seen many members say PE so low why such and such share is not going up."

Would you believe it is due to present crowd psycology. More people believe in short term profit vs long term investment. When How big shots buying into companies and pushes prices up, retailers also follow.

Regarding PMB:
"Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers."

Then you could say it is on the path of recovery. Saying undervalued is not justifiable. Then what do you say to shares like NTB,MBSL which have profit growing ( not reducing losses).

I think its due to market momentum. All investors including institutional, were on buying sphere and each didn't know what they were buying, because market kept going up. Now every body has pause for a moment thanks to credit issue and looking at what the crap we bought. Mkt is at this stage now, that is why you see many major shareholders reducing their stake.

Second point is that company size does matter PMB is much smaller compared to both NTB and MBSL.

slstock wrote:

Tiger wrote:

slstock wrote:

Tiger wrote:Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers.
I have seen many members say PE so low why such and such share is not going up.

"I have seen many members say PE so low why such and such share is not going up."

Would you believe it is due to present crowd psycology. More people believe in short term profit vs long term investment. When How big shots buying into companies and pushes prices up, retailers also follow.

Regarding PMB:
"Look at how they have reduced the losses, has it come from sustainable sources or not? Study financials like a businessman, not just numbers."

Then you could say it is on the path of recovery. Saying undervalued is not justifiable. Then what do you say to shares like NTB,MBSL which have profit growing ( not reducing losses).

I think its due to market momentum. All investors including institutional, were on buying sphere and each didn't know what they were buying, because market kept going up. Now every body has pause for a moment thanks to credit issue and looking at what the crap we bought. Mkt is at this stage now, that is why you see many major shareholders reducing their stake.

Second point is that company size does matter PMB is much smaller compared to both NTB and MBSL.

First point make sense.

Second point: am not sure what you are trying to say. Yes PMB is smaller but that does not make it undervalued as it was what we were discussing. LOLC exited this share at RS 21. They did for a reason. As mentioned PMB is improving its financial slowly. But that does not make it undervalued going with present situation. But yes I agree since there are lesser shares and holding in PMB, it can be easily manipulated compared NTB or MBSL. Thats what happened today.