Equity champ please...

csebrowser · 1 Equity champ please... Thu May 19, 2016 7:36 pm

csebrowser

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What is your analysis over Tokyo cement..is it OK to buy 40 level what is yourntarget price..

Thanks in advance..

kidman · 2 Re: Equity champ please... Thu May 19, 2016 7:57 pm

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TKYO is been well collected over the last few weeks.Today is an exceptional day, they have collected 13 million shares today itself.

They should have done good quarterly performance as usual.

Shammi Dharshana · 3 Re: Equity champ please... Thu May 19, 2016 8:29 pm

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Ec CLND heta up weida

hiransilva23 · 4 Re: Equity champ please... Thu May 19, 2016 8:42 pm

hiransilva23

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Shammi portfolio eke tiyenne clnd witaraiada???

EquityChamp · 5 Re: Equity champ please... Thu May 19, 2016 8:54 pm

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@ Shammi, I can't tell like that because I am not a God. I know something but also I know that there are lot of things that I don't know as well.

CLND will be up to its deserved price no doubt in that. But any share can come down as well as go up. That's how stock markets work. If possible and if tomorrow also price came down it is better to buy some at these low prices. Why this depress is due to the market correction.

As I said in one of my previous posts I personally like if the market can performed a backward push towards 5550/5600 because it is necessary to ease off the heat. Market has been rising since mid of March to now nonstop. So it is a welcome requirement for a backward push if the market to perform its bull trend and reach 7000 by September-October period. If you have please hold patiently and try to collect some more at lower prices. That's all I can say.

EquityChamp · 6 Re: Equity champ please... Thu May 19, 2016 9:42 pm

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@ csebrowser, TKYO is a solid stock and I would rank it is as a defensive stock similar to CHL.

My expectation for the FY 15/16 is a PAT of 1.7 billion with an EPS of Rs5.2. Current price is 40.70 but the share was trading @ 49 at the beginning of the year. Which means the share has dropped by 17% YTD where the market has dropped by only 3% YTD. The stock's beta is 2 with ASPI which means it should be drop by only 6% by now which means the current price should be Rs 46/- so there itself I can see a appreciation potential of Rs5. The PE also not bad with forward PE of 7.8x.

So I would say that buying at current price levels would be absolutely risk free.

Thanks

hiransilva23 · 7 Re: Equity champ please... Thu May 19, 2016 9:47 pm

hiransilva23

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One f main share holder selling his stake.as i knw dt z y its going down.bt today they transfer big quantities.so i think selling preasure almost over.it will move in near future.

csebrowser · 8 Re: Equity champ please... Fri May 20, 2016 6:55 pm

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Thanks EC...I like your approach in analysing stocks..

EquityChamp · 9 Re: Equity champ please... Fri May 20, 2016 7:38 pm

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Good luck.

csebrowser · 10 Re: Equity champ please... Fri Jun 03, 2016 6:24 pm

csebrowser

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EC thanks i got tkyo average 40.70.at what price i have to exit? please

EquityChamp · 11 Re: Equity champ please... Fri Jun 03, 2016 7:25 pm

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My friend. I'm glad that you have bought this for 40.7/-. Look at their NPAT and my expectation in earlier post of this thread. I quickly work out and said they can made 1.7bn this year and see the actual. Its 1.9bn. And now the situation is even better. From this month onwards cement prices have increased by 60/- per bag. I can say that FY 2016/17 is going to be a ballistic one for TKYO. This was an undervalued stock for very long time.
My advise to you is keep your holdings in safe place like gold. This stock is going to perform a magic if you can give it some time. This is not the time of selling or thinking of selling but it is a stage of accumulation.