CARS is very attractive now

SAGA · 1 CARS is very attractive now Thu Jun 23, 2011 1:56 pm

SAGA

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Guys ,CARS is coming down to its original price before the recent split.it was around 540 - 575 before the recent split announced and went up around 1200.

seyon · 2 Re: CARS is very attractive now Thu Jun 23, 2011 3:44 pm

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SAGA wrote:Guys ,CARS is coming down to its original price before the recent split.it was around 540 - 575 before the recent split announced and went up around 1200.

This price drop due to the panic selling, Nobody expect the CARS come to this level, this just retailer sold small nos for their credit settlement. Poor retailers buying PAP,BLUE,CLND at peak level, selling blueship and bring down the index.

See CARS & BUKI related discussion
http://forum.srilankaequity.com/t4536-cars-buki-expecting-good-performance-from-oil-palm-plantation-segment

Rajitha · 3 Re: CARS is very attractive now Thu Jun 23, 2011 3:52 pm

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seyon wrote:

SAGA wrote:Guys ,CARS is coming down to its original price before the recent split.it was around 540 - 575 before the recent split announced and went up around 1200.

This price drop due to the panic selling, Nobody expect the CARS come to this level, this just retailer sold small nos for their credit settlement. Poor retailers buying PAP,BLUE,CLND at peak level, selling blueship and bring down the index.

See CARS & BUKI related discussion
http://forum.srilankaequity.com/t4536-cars-buki-expecting-good-performance-from-oil-palm-plantation-segment

So according to you PAP,BLUE,CLND over valued but the poor victim who's share price really undervalued is CARS and BUKI ? A plantation company ( main business) which the PE ratio is at astronomical values because of its old illiquidity!

News flash m8! They gave CARS + BUKI shares to SELI, INDO, SHAL!! Now your so precious illiquid stock is not so illiquid!

econ · 4 Re: CARS is very attractive now Thu Jun 23, 2011 3:56 pm

econ

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cars and buki are still over valued. their PE ratio is still over 30.
why do we need to pay such high PER for company its main business is plantations.

UKboy · 5 Re: CARS is very attractive now Thu Jun 23, 2011 5:02 pm

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P/E value of this company is one of the biggest curse to CSE.
If you think this is attractive then.... God bless CSE.

Perhaps since this is a Hi-Cap you may think this P/E value is OK.

Unless you are a pattern reader & trying to make some short term profits. please do not kill the market.

seyon · 6 Re: CARS is very attractive now Thu Jun 23, 2011 5:09 pm

seyon

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Rajitha wrote:

seyon wrote:

SAGA wrote:Guys ,CARS is coming down to its original price before the recent split.it was around 540 - 575 before the recent split announced and went up around 1200.

This price drop due to the panic selling, Nobody expect the CARS come to this level, this just retailer sold small nos for their credit settlement. Poor retailers buying PAP,BLUE,CLND at peak level, selling blueship and bring down the index.

See CARS & BUKI related discussion
http://forum.srilankaequity.com/t4536-cars-buki-expecting-good-performance-from-oil-palm-plantation-segment

So according to you PAP,BLUE,CLND over valued but the poor victim who's share price really undervalued is CARS and BUKI ? A plantation company ( main business) which the PE ratio is at astronomical values because of its old illiquidity!

News flash m8! They gave CARS + BUKI shares to SELI, INDO, SHAL!! Now your so precious illiquid stock is not so illiquid!

Yes When u compare with mkt PE these bit overvalue. Look these BLUE,CSF,nothing in terms of earnings, How u can compare these with the cash rich companies,

Ok their core business is oil plantation, this year come out with 6.7Bn profit from plantation, nearly 90% up comparing with previous year. Next year this may be doubled due to the mature of plantation.Whenever these shares move up, the price level well supportive to its performance.

Just wait and see the this year performance from CARS Group....

econ · 7 Re: CARS is very attractive now Thu Jun 23, 2011 6:33 pm

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UKboy wrote:P/E value of this company is one of the biggest curse to CSE.
If you think this is attractive then.... God bless CSE.

Perhaps since this is a Hi-Cap you may think this P/E value is OK.

Unless you are a pattern reader & trying to make some short term profits. please do not kill the market.

agreed this cars group shares are always a trouble. because every time thier price increase indexes up by massive amount.