Illuminati,
Presently I do not hold RCL.
Did you study the report and my comments above why the expenses are high before making sarcastic remarks ? Yes when a company is growing revenue , making acquisitions and also looking at diversifying ( it is another conversation to talk about a Tile maker diversifying into many areas) do you expect QoQ rowth always.
This share has dropped from Rs 160 to Rs 90. NAV is 65 and trading at PE of 5-6. So you want it to drop another Rs 15 is it just because this quarter show a drop QoQ? Okay maybe your wish can come true as long as sellers are there to panic and sell giving someone else the possibility get higher gain when the run comes at some point. We cannot control that.
But instilling unnecessary panic without looking at underlying reasons is not a good thing.
1) We usually look at Group profits. Also even if you are looking at company did you also notice why company profits dropped. There is a Rs 134 million Provision for fall in Value of Investments. Do you consider this reoccuring losses? Have not their Gross revenue and Gross profits grown.
2) At group level the report says that "Substantial increase in administrative expenses, Trade and other receivables and Trade and other payables in the group is mainly due to inclusion of Asia Siyaka Commodities Ltd result in this quarter". Due you think this is reoccuring and next quarters also .
I used to look at you comments with eager as you show us another side. I welcome negative and positive comments. But unnecessary sarcasm and talking negative without analysing why ( talk both sides) is not good.
I see you always critisizing every company. Is there no company which meets your targets? Please let us know we can study and we can benefit also as it has to be good. I presume you are also in the forum and commenting as you are interested at investing at CSE at some point right? I also understand from what you say that you do not have investments ar CSE now and expect market to drop further so you can collect then.Maybe it will happen,. Fine that is your choice. No problem. But do not instill panic without talking both angles. Please note like in life at CSE most companies have positives and negatives. We do not have to be always picking one side and been biased on it.
On the group level also note the Gross revenue and profit growth.
Reader make your own decesion. I only showed you reasons the Group say for the drop.
illuminati wrote:70% drop in company profits Qtr to Qtr. No need to panic ! Just hold on until the price drops a further 20%. Then drop and run. Good strategy #%&#$%*. Company profit reflects the performance of RCL s core business.
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