SINGER FINANCE

Dhammika · 1 SINGER FINANCE Wed Mar 02, 2011 11:39 am

Dhammika

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Hi ,

I bought Singer Finanace at 51 levels & Odel at 47 levels . and i hv a big loss. how long it will take to reach that levels ? Is it worth of keeping ? can anybody pls advice.

tks

kan · 2 Re: SINGER FINANCE Wed Mar 02, 2011 12:00 pm

kan

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I think you can not get any capital gain in the short run...prices will not increase..future IPOs also maters people are selling and keeping money for IPOs because giants are coming to the market..so keep your shares some time..

Dhammika · 3 Re: SINGER FINANCE Wed Mar 02, 2011 12:09 pm

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Hi

what about the ODel then ? how long do i need to keep those shares ?

tkc · 4 Re: SINGER FINANCE Wed Mar 02, 2011 12:28 pm

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You have bought them at the peak....Don't follow rallies my friend!! Now you have to keep them....

kan · 5 Sell Odel and invest in Senkadagala Wed Mar 02, 2011 12:40 pm

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Sell Odel and invest in Senkadagala

mark · 6 Re: SINGER FINANCE Wed Mar 02, 2011 2:04 pm

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Dhammika wrote:Hi ,

I bought Singer Finanace at 51 levels & Odel at 47 levels . and i hv a big loss. how long it will take to reach that levels ? Is it worth of keeping ? can anybody pls advice.

tks

ooppss..........bought at peaks
it will take sometime to reach to that levels again........but don't know when..........
those both shares are overvalued to me........

godswen · 7 Re: SINGER FINANCE Wed Mar 02, 2011 3:03 pm

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I think better to keep till next reports,, If they do well prices will be appreciated! No point selling at a loss if no hurry!

econ · 8 Re: SINGER FINANCE Wed Mar 02, 2011 3:06 pm

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It is better not to buy IPOs at higher prices.
first day it can sky rocket without reason.

UKboy · 9 Re: SINGER FINANCE Thu Mar 03, 2011 1:06 am

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Dhammika wrote:Hi ,

I bought Singer Finanace at 51 levels & Odel at 47 levels . and i hv a big loss. how long it will take to reach that levels ? Is it worth of keeping ? can anybody pls advice.

tks

It is hard to imagine both ODEL & SFIN will reach the these prices anytime soon.

If I were in your position & if I have similar sort of quantities in both companies, I would sell Odel & try to buy more SFIN if it goes below Rs 40.00.
Because your losses are minimum from ODEL & try to average SFIN.

milanka · 10 Re: SINGER FINANCE Thu Mar 03, 2011 5:28 pm

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Dhammika wrote:Hi ,

I bought Singer Finanace at 51 levels & Odel at 47 levels .
tks

You have purchased these shares at very high prices. Unless you sell at a loss you may have to keep them for a long term.

These things happen and not only to you. most of the members in this forum must have gone through it.

Try to learrn from mistakes. Study before buying..
Happy investing..

StocksWatch · 11 Re: SINGER FINANCE Thu Mar 03, 2011 8:11 pm

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econ wrote:It is better not to buy IPOs at higher prices.
first day it can sky rocket without reason.

Agree with you econ. I have never bought shares on their first trading day in CSE. The prices go to crazy levels on the first day and people still buy them. If you look at the history of all recent IPO's, you will notice that the price appreciates a lot (even 100%)on the first day and from second day on wards it starts settling down.

Why would the company price their shares lesser if the value of them is double? The price of these IPO shares are appreciating on the first purely on speculation and we should not fall into that trap.

mono · 12 Re: SINGER FINANCE Thu Mar 03, 2011 8:23 pm

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this is yet another one of those absurdly over valued shares in the market. Singer finance IPO was offered for 15 rupees at the PE of 10 now it's trading at a PE of close to 30.

Gaja · 13 Re: SINGER FINANCE Thu Mar 03, 2011 10:10 pm

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Dhammika wrote:Hi ,

I bought Singer Finanace at 51 levels & Odel at 47 levels . and i hv a big loss. how long it will take to reach that levels ? Is it worth of keeping ? can anybody pls advice.

tks

Based on what valuation you identify these stocks as undervalued at these ( 51 & 47 )levels and bought it