Can someone explain why CDB share is trading at Rs 35 / =??

Harry82

Harry82

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While Mr. Uttam Nayak, Group Country Manager, India and South Asia, Visa, said, "Visa welcomes CBD, our first non-banking financial institute, as our esteemed member from Sri Lanka. They will play an essential role in providing many more Sri Lankan citizens the benefits of electronic payments, especially through the Visa Debit card. I am confident that going forward our partnership will provide great value to Sri Lanka, by further strengthening their cashless economy". With 44 online connected outlets, the brand CDB ranks 50th from among the top 100 Most Valuable Leading Brands in Sri Lanka by Brand Finance Lanka in 2012.

Can someone explain why CDB share is trading at Rs 35 / = while it's earning per share is Rs 13.00 last year??

Last edited by Harry82 on Sun Aug 05, 2012 8:03 am; edited 1 time in total (Reason for editing : correction)

K.Haputantri

K.Haputantri

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Harry82, kindly disclose your source of info.

Harry82

Harry82

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http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=58452,
Last year Annual report

K.Haputantri

K.Haputantri

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Thanks Harry.

Redbulls

Redbulls

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Purely demand and supply.
Lot of discussion about this share in the past in this forum.
Search and read may be you'll get more exposure.

Slstock

Slstock

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This depressing market has undervalurd lot of shares. CDB is one of them. They issued Rights also at Rs 70 for CDB.N ! Now tradign at 50% right price. It another counter under NAV and at a PE about 3.

Will be interesting to see the performance of this quarter also.

Btw , The X shares leading N issue was solved after CDB issues script dividend as X. The prices of X dropeed to Rs 27-28 after the issue.

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Can someone explain why CDB share is trading at Rs 35 / =??

1 Can someone explain why CDB share is trading at Rs 35 / =?? Sun Aug 05, 2012 8:00 am

Harry82

2 Re: Can someone explain why CDB share is trading at Rs 35 / =?? Sun Aug 05, 2012 8:25 am

K.Haputantri

3 Re: Can someone explain why CDB share is trading at Rs 35 / =?? Sun Aug 05, 2012 8:37 am

Harry82

4 Re: Can someone explain why CDB share is trading at Rs 35 / =?? Sun Aug 05, 2012 8:44 am

K.Haputantri

5 Re: Can someone explain why CDB share is trading at Rs 35 / =?? Sun Aug 05, 2012 12:00 pm

Redbulls

6 Re: Can someone explain why CDB share is trading at Rs 35 / =?? Sun Aug 05, 2012 12:30 pm

Slstock

7 Re: Can someone explain why CDB share is trading at Rs 35 / =??

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