If this trend continues they will get a nice increase in EPS in coming months.
Current value 36/- .
80% increase is possible during coming quarter. .
What are the other shares fall in to this category. ?
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Antonym wrote:Check out these interesting facts about CIT:
CIT holds a big portfolio of shares, including nearly 24.9 million shares of CFLB. The CFLB shares in CIT's portfolio have a market value of Rs 959.5 million.
Based on CIT's issued shares (6.5 million), that works out to Rs 147.62 per CIT share... But CIT is trading at Rs 122.50!
Disclosure: I bought 200 CIT shares @ Rs 121.79 today.
Chinwi wrote:Thanks a lot for both of you.
I should pay my attention again to this group (as in 2010 ) .
Still not too late.
Good Luck
Thanks "The Alchemist" for highlighting the fact. There is an interest on CFLB in the recent past when you look at the volume and share price has appreciated to Rs 34/-. However, still it's investment arms CFI and CIT didn't appreciate accordingly.The Alchemist wrote:Antonym wrote:Check out these interesting facts about CIT:
CIT holds a big portfolio of shares, including nearly 24.9 million shares of CFLB. The CFLB shares in CIT's portfolio have a market value of Rs 959.5 million.
Based on CIT's issued shares (6.5 million), that works out to Rs 147.62 per CIT share... But CIT is trading at Rs 122.50!
Disclosure: I bought 200 CIT shares @ Rs 121.79 today.
Hi Antonym, also note that CFI owns further 19.8 million shares of CFLB and that CIT owns 35.74 % of CFI. Thus, technically CIT owns approx 32 million shares in CFLB directly and through its CFI holding. Therefore, CIT is approx Rs 190 worth if only CFLB in its portfolio ! CIT also has other good shares like EB CREASY, LANKEM, COMMERCIAL BANK, NESTLE, CINV etc
Are you the collector?Chinwi wrote:
I should pay my attention again to this group (as in 2010 ) .
Still not too late.
Good Luck
I still have hope on CIT. I hold few thousand shares including shares which I subscribed from right issue.slstock wrote:CIT has not traded with big volume yet.
Just to think this was once Rs 700. Not sure how many more years it will take to get to that price but CFLB at Rs 38, CIT should be 190+ just on CFLB holding right now.
@Monster: Me too.Monster wrote:I still have hope on CIT. I hold few thousand shares including shares which I subscribed from right issue.slstock wrote:CIT has not traded with big volume yet.
Just to think this was once Rs 700. Not sure how many more years it will take to get to that price but CFLB at Rs 38, CIT should be 190+ just on CFLB holding right now.
Antonym wrote:@Monster: Me too.Monster wrote:I still have hope on CIT. I hold few thousand shares including shares which I subscribed from right issue.slstock wrote:CIT has not traded with big volume yet.
Just to think this was once Rs 700. Not sure how many more years it will take to get to that price but CFLB at Rs 38, CIT should be 190+ just on CFLB holding right now.
CIT's NAV per share (at market prices) would be approx Rs 250 now. So, what would be a fair price? 75% of NAV..?
Gaja wrote:The issue with this Group is too much cross holdings by the related parties. At the current prices i feel both CIT & CFI undervalued, which one is the better bet?
Gaja wrote:The issue with this Group is too much cross holdings by the related parties. At the current prices i feel both CIT & CFI undervalued, which one is the better bet?
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