RAL - Watch it

sureshot · 1 RAL - Watch it Sun Oct 14, 2012 7:47 pm

sureshot

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i smell something with RAL....
do any other guys smell the same ?
Monday would be a good day for RAL i think

Very Happy

fairbullrun · 2 Re: RAL - Watch it Sun Oct 14, 2012 9:27 pm

fairbullrun

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sureshot wrote:i smell something with RAL....
do any other guys smell the same ?
Monday would be a good day for RAL i think

hmmmmmmmm... Very Happy

manula · 3 Re: RAL - Watch it Sun Oct 14, 2012 10:53 pm

manula

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got from the last week market report from nation.lk..

Colombo bourse saw a change in its trajectory where it saw all three indices gaining during the day after four consecutive days of downturn. John Keells Holdings emerged as the top revenue generator for the day on the back of institutional and high net worth investor interest contributing for c.20% of the day’s turnover. Further, the counter saw 245k shares changing hands. Distilleries and Commercial Bank both voting and non-voting saw institutional participation whilst renewed widespread activity was evident in Renuka Agri Foods during the day.A net outflow of foreign funds was seen during the day, where foreign purchases amounted to LKR99.9 mn (USD776.8k), whilst foreign sales amounted to LKR137.9 mn (USD1,072.4k).
http://www.nation.lk/edition/biz-news/item/11338-week-ends-in-green.html

Arena · 4 Re: RAL - Watch it Mon Oct 15, 2012 9:31 am

Arena

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People who entered with the right issue may exit from the company with the gain they got by now. Any share shows a sell out after a right issue since all the share holders cannot afford the money out flow. Even for REG.

But fundamentally RAL is a great share which has a good value at this price.

But I dint adjust the Dilution or right issue.

TC

kalum · 5 Re: RAL - Watch it Mon Oct 15, 2012 11:19 am

kalum

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Sure. RAL is good for this price. I'm expecting a short term return with this share. yes i own a bit from it.

it has good resistance in downturn. right issue was for rs.4. True some profit taking has happened. But it's hard to think 'investors" will exit around rs5. Now it is in a situation where swinging after a successful dividend. be patience and buy in low levels. can't expect it to boost over a night.