Is it advisable to hold on? Will it crash further tomorrow?
Last edited by Quibit on Tue Jun 21, 2011 1:58 pm; edited 1 time in total (Reason for editing : please avoid Hi, Bye and Thanks....in your posts)
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Last edited by Quibit on Tue Jun 21, 2011 1:58 pm; edited 1 time in total (Reason for editing : please avoid Hi, Bye and Thanks....in your posts)
Deva wrote:Dear friends, SFS is pulled down to 63. Currently I am at a loss situation.
Is it advisable to hold on? Will it crash further tomorrow?
cse.alpha wrote:SFS - Book value of Rs 11.3 per share as at 31st Dec 2010
9 months ended 31st Dec 2010 profit of Rs 51 mn (9 month EPS = Rs 2), up from FY10 profit of Rs 17 mn
But before you decide whether SFS is worth current price or not, please note that auditors have expressed concern on both FY09 and FY10 financials.
FY10 Auditors were BDO Partners - Unable to satisfy inventory of gold stock, and real estate not measured at lower of cost or net realizable value
FY09 Auditors Saverimuttu & Co - Unable to place reliance on IT systems of company, and said financial statements do not give true and fair view
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