BRWN - What's happening ?

amibroker · 1 BRWN - What's happening ? Mon Jun 13, 2011 11:17 pm

amibroker

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BRWN is now 324/- Will it slide to Rs 300 levels ? Some didn't sell @ 368 levels. What will be the ideal price to enter ?

http://forum.srilankaequity.com/t4491-what-will-happen-to-brwn

opfdo · 2 Re: BRWN - What's happening ? Tue Jun 14, 2011 8:10 am

opfdo

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this not buy recommendation my friend. i have but did not sell. i am waiting for the turning point to buy more to average the cost. it may come down to 300/- wait & see. remember this is an undervalue stock. they are poforming well too. Very Happy

amibroker · 3 Re: BRWN - What's happening ? Tue Jun 14, 2011 8:13 am

amibroker

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osmand wrote:this not buy recommendation my friend. i have but did not sell. i am waiting for the turning point to buy more to average the cost. it may come down to 300/- wait & see. remember this is an undervalue stock. they are poforming well too.

Agree Osmand, I also wants to get in @ the correct price... Thanks

laka · 4 Re: BRWN - What's happening ? Tue Jun 14, 2011 11:08 am

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osmand wrote:this not buy recommendation my friend. i have but did not sell. i am waiting for the turning point to buy more to average the cost. it may come down to 300/- wait & see. remember this is an undervalue stock. they are poforming well too.

Undervalued?? Rolling Eyes

Its Last qtr EPS is Minus 6

opfdo · 5 Re: BRWN - What's happening ? Tue Jun 14, 2011 11:26 am

opfdo

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laka wrote:

osmand wrote:this not buy recommendation my friend. i have but did not sell. i am waiting for the turning point to buy more to average the cost. it may come down to 300/- wait & see. remember this is an undervalue stock. they are poforming well too.

Undervalued?? Its Last qtr EPS is Minus 6

do not forcus for for the last quater. consider the financial year. it was 29. multiply it PE ratio. then you will find it. Cool

RIO · 6 Re: BRWN - What's happening ? Tue Jun 14, 2011 11:50 am

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osmand wrote:do not forcus for for the last quater. consider the financial year. it was 29. multiply it PE ratio. then you will find it.

What is the TRD PE ratio..is it 26...??

insidertrader · 7 Re: BRWN - What's happening ? Tue Jun 14, 2011 7:03 pm

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osmand wrote:

laka wrote:

osmand wrote:this not buy recommendation my friend. i have but did not sell. i am waiting for the turning point to buy more to average the cost. it may come down to 300/- wait & see. remember this is an undervalue stock. they are poforming well too.

Undervalued?? Its Last qtr EPS is Minus 6

do not forcus for for the last quater. consider the financial year. it was 29. multiply it PE ratio. then you will find it.

Their profits are not consistent. Did they sell something the quarter before the last?

factFINDER · 8 Re: BRWN - What's happening ? Tue Jun 14, 2011 7:57 pm

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insidertrader wrote:

osmand wrote:

laka wrote:

Undervalued?? Its Last qtr EPS is Minus 6

do not forcus for for the last quater. consider the financial year. it was 29. multiply it PE ratio. then you will find it.

Their profits are not consistent. Did they sell something the quarter before the last?

BRWN 1Q2011http://www.cse.lk/cmt/upload_report_file/764_1306838541659.%20PLC-31.03.2011.pdf

GROUP Profit for the period 144.06 Millions PROFIT

Attributed to;
Equity Holders of the company -459.96 Millions LOSS---------Group EPS -6.49
Miniority Interest .................. 604.02 Millions PROFIT

This is bit rare situation, where the minioriy share holders of the group enjoyes huge profit, while major share shareholders incurred a loss. Is this possible????

Yes. When PROFIT reported by one/or more entities which have substantial miniority interest (e.g. Browns & Co. owned only 51%) while huge LOSS reported by entities which are having no or less miniority shareholders (e.g. Browns & Co. owned about 100%-90%).

If this is the case, we have to identified which entities incurred such a huge loss during the 1Q2011. then findout the reasons for that... whether they are recurrent or one-off losses.... etc.

Without knowing facts we should not get panic and sell this fundermental sound stock ... we saw one time SMB Stockbrokers published a research report predicting BRWN value about 680/- in a midiem/long term.

Decleration: I have BRWN in my PF (about 10%) ave. price of 275/-. Therefore my views may be bias.