force selling..............

prabath · 1 force selling.............. Mon Sep 26, 2011 3:13 pm

prabath

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someone got vry lucky with BINN ,101,another 4 days left for hunting

cse.profit · 2 Re: force selling.............. Mon Sep 26, 2011 3:52 pm

cse.profit

Senior Equity Analytic

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hahaha in terms of trading yes...............he must be very very very and i dont know how many very to repeat , he is very lucky...........but for your information will pen down few points.
BINN-
Fundamentals are very weak: hotel was destroyed in Dec 2004 tsunami, and no operations now - net book value is (minus) -Rs472 per share : Debt of Rs270 m - Related party dues of Rs227 m - Debt results in interest charges despite minimal staff - 2010 loss was -Rs25 m. This was in 2010.

Its a freaking loss making near bankrupt company. Not even worth 1 penny. yeah this price is obviously attractive. God bless who bought these kind of crap at 200 range...and in the time to come god bless the people who bought these for 100 range....

smallville · 3 Re: force selling.............. Mon Sep 26, 2011 5:09 pm

smallville

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cse.profit wrote:hahaha in terms of trading yes...............he must be very very very and i dont know how many very to repeat , he is very lucky...........but for your information will pen down few points.
BINN-
Fundamentals are very weak: hotel was destroyed in Dec 2004 tsunami, and no operations now - net book value is (minus) -Rs472 per share : Debt of Rs270 m - Related party dues of Rs227 m - Debt results in interest charges despite minimal staff - 2010 loss was -Rs25 m. This was in 2010.

Its a freaking loss making near bankrupt company. Not even worth 1 penny. yeah this price is obviously attractive. God bless who bought these kind of crap at 200 range...and in the time to come god bless the people who bought these for 100 range....

BINN has a huge land now without a hotel.. So if NP, DJ sees this they'll buy it thinking its a valued land so the price may go up Wink

he hee

cse.profit, have you forgotten this is CSE? he hee.. Wink

cse.profit · 4 Re: force selling.............. Mon Sep 26, 2011 5:39 pm

cse.profit

Senior Equity Analytic

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@smallville- hehehe...obviously..............hehehehe.....very true....brother...

yes man.......................this is CSE- I FORGOT....this might even go to 400...hehehe...

@wappula- thank you brother

Last edited by cse.profit on Mon Sep 26, 2011 7:30 pm; edited 1 time in total

wappula · 5 Re: force selling.............. Mon Sep 26, 2011 5:42 pm

wappula

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cse.profit wrote:hahaha in terms of trading yes...............he must be very very very and i dont know how many very to repeat , he is very lucky...........but for your information will pen down few points.
BINN-
Fundamentals are very weak: hotel was destroyed in Dec 2004 tsunami, and no operations now - net book value is (minus) -Rs472 per share : Debt of Rs270 m - Related party dues of Rs227 m - Debt results in interest charges despite minimal staff - 2010 loss was -Rs25 m. This was in 2010.

Its a freaking loss making near bankrupt company. Not even worth 1 penny. yeah this price is obviously attractive. God bless who bought these kind of crap at 200 range...and in the time to come god bless the people who bought these for 100 range....

thank you +rep from me