BFL, TAFL, GRAN - will it come down further

nonstop · 1 BFL, TAFL, GRAN - will it come down further Tue Feb 08, 2011 5:30 pm

nonstop

Equity Analytic

Posts : 21
Equity Stars : 4878
Reputation : 0
Join date : 2011-02-08

The three poultry stocks have come down over the last three days. Will it come down further or is it a decent time to re-enter?

Outlook is decent as the price of vegetables and chicken are on par due to the havoc caused by the floods. The demand for chicken and eggs should rise due to the shortage of vegetables and cattle.

What thoughts?

tubal · 2 Re: BFL, TAFL, GRAN - will it come down further Tue Feb 08, 2011 8:26 pm

tubal

Vice President - Equity Analytics

Posts : 1047
Equity Stars : 6291
Reputation : 243
Join date : 2011-01-27

nonstop wrote:The demand for chicken and eggs should rise due to the shortage of vegetables and cattle.

Chicken is a substitute good for vegitables?

wiser · 3 About Poultry Tue Feb 08, 2011 9:11 pm

wiser

Senior Manager - Equity Analytics

Posts : 391
Equity Stars : 5347
Reputation : 22
Join date : 2011-02-03

I don't know about GRAN & TAFL fundamentals but BFL last Quarter massive profit makes it stronger. Also we should keep in our mind next April demand as well as they will add their new 10 yeas TAX free BOI farm production in April/May 2011 which will be increase its profit. Any way in short run after this profit taking BFL will pass 500 barrier again. Do your own research as well.
http://www.cse.lk/cmt/uploadAnnounceFiles/1851292483169_452.pdf

ss7097 · 4 Re: BFL, TAFL, GRAN - will it come down further Wed Feb 09, 2011 10:01 am

ss7097

Manager - Equity Analytics

Posts : 108
Equity Stars : 5013
Reputation : 12
Join date : 2011-01-28

Hi guys,

What is happening to BFL? Is this the correct price of it (Rs. 421.00)? I'm very new to CSE and expecting specialists thoughts on this.

wiser · 5 Re: BFL, TAFL, GRAN - will it come down further Wed Feb 09, 2011 10:18 am

wiser

Senior Manager - Equity Analytics

Posts : 391
Equity Stars : 5347
Reputation : 22
Join date : 2011-02-03

If you hv Holding power you can collect at this price. It is pretty sure it want go beyond 400/- level. That is guaranteed.

hotstock · 6 Re: BFL, TAFL, GRAN - will it come down further Wed Feb 09, 2011 10:23 am

hotstock

Manager - Equity Analytics

Posts : 265
Equity Stars : 5230
Reputation : 3
Join date : 2011-01-27

wiser wrote:If you hv Holding power you can collect at this price. It is pretty sure it want go beyond 400/- level. That is guaranteed.

i can remember one of the BFL directors sold at 420 levels sometimes back..probably he sensed the market conditions for a few weeks..

i may be wrong..