Orient Garments - Trading commences

investor1984 · 1 Orient Garments - Trading commences Tue Jun 28, 2011 4:21 pm

investor1984

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New kid in the block " Orient Garments " start trading tomorrow. it was privately placed at Rs 23 , which is a P/E of 10X.. What would be the tomorrows trading range of this??? Will it do wonders like Odel did on the first day??? people, this is up to you.. What is your price????

mark · 2 Re: Orient Garments - Trading commences Tue Jun 28, 2011 6:34 pm

mark

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price will be 100% based on supply and demand,if less supply,you can see our blind retailers chasing,and pp guys dumping little by little Evil or Very Mad

bettersrilanka · 3 Re: Orient Garments - Trading commences Wed Jun 29, 2011 1:22 am

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be careful, study , think twice,look at the market then jump.. ..

winner2011 · 4 Re: Orient Garments - Trading commences Wed Jun 29, 2011 9:15 am

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investor1984 wrote:New kid in the block " Orient Garments " start trading tomorrow. it was privately placed at Rs 23 , which is a P/E of 10X.. What would be the tomorrows trading range of this??? Will it do wonders like Odel did on the first day??? people, this is up to you.. What is your price????

Even ODEL is trading at a HIGHER P/E ratio. Yet we know for sure that our poor retail customers will take this to the sky high today. may be price will doubled , who knows their a possibility to triple or even to quadruple.. Anyway trading volume wont be that high.. ultimately it will agree to the theory of what goes up comes down and will end up in a lower still absurd level of price. this what i feel about Orient

cse.alpha · 5 Re: Orient Garments - Trading commences Wed Jun 29, 2011 12:57 pm

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Over 13.6 million OGL shares have traded today, that is almost 25% of company.

Promoters Finco group have sold down further, after 5.6 million share private placement at Rs 23 in December 2010.

Dr Senthilverl rumored to have bought 10% of OGL at Rs 28 today.

OGL reported 11 month profit up 11% to Rs 98 mn (upto Feb.2011), but write back of long term loan contributed Rs 26.5 mn and gain on disposal of plant contributed Rs 5.5 mn this year (zero in 11 months upto Feb.2010).

Rs 34 mn credited as long term loans written back in FY10, but none upto Feb.2010 - read pages 20, 54, 64 of Introductory Document for details.

2011_NewComer · 6 Re: Orient Garments - Trading commences Wed Jun 29, 2011 6:13 pm

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cse.alpha wrote:Over 13.6 million OGL shares have traded today, that is almost 25% of company.

Promoters Finco group have sold down further, after 5.6 million share private placement at Rs 23 in December 2010.

Dr Senthilverl rumored to have bought 10% of OGL at Rs 28 today.

OGL reported 11 month profit up 11% to Rs 98 mn (upto Feb.2011), but write back of long term loan contributed Rs 26.5 mn and gain on disposal of plant contributed Rs 5.5 mn this year (zero in 11 months upto Feb.2010).

Rs 34 mn credited as long term loans written back in FY10, but none upto Feb.2010 - read pages 20, 54, 64 of Introductory Document for details.

http://cse.lk/cmt/upload_cse_announcements/7661309348086_.pdf Smile