I think you should re-read what I asked . It it not really about
buying/ selling and share price. If we wait till everything to fall in
place ( like what you expected for CDB) it might take years. By that time the train might have run. Shares prices run ahead with expectation. Important thing is do you trust the management and are they strong enough to re structure in a crisis and come out stronger.
You many not be fan of fianance ( I see it too) . It is okay. But as you have talked a lot about CDB , I would like you to comment on other companies in the sector too so redears can do a comparison. At some point even LFIN had serious issues. We remember what LFIN was under vanik influence. Now? It was turned around with good management. Even few years ago their gearing was high to worrysome level . (even if one does not analyse too deep) But the present cash balance situation is turning vey healthy and their ratings are improving. LFIN is gradually giving a run for CFIN for future leader position ( might take a lot of years more) in the sector as far as private companeis are concerned.
What do you see in companies such as COCR and VFIN then.
As immediately troubled companies I see TFC , CIFL in the front. TFC is taking far too long to recover, I rememebr in 1 quarter they looked like they are about to turn around, then again in a hole. CDB is not troubled as of now and i see no big issues.
Now about picking market dominant shares, Yes it is good and need to have them in our basket. But we should have short , medium and long term shares and also include large, medium and small caps. Share market tend to run in step in recovery. We saw what happened during 4700-600o run. It was not market dominant shares that had to biggest recoveries always.
So in the future if you can also give your insight into penny sotcks, small caps , mid caps etc it would be good.
Anyway thanks for your inputs so far.
rainmaker wrote:I can't comment on CDB's share price as a buy/sell recommendation. The share price performed better than expected on the first day (if you remember). Institutional investors rarely buy into finance companies and hence retailers will carry the stock.
Apart form short term fluctuation, CDB should get enough support to be ok.
I generally don't recommend finance company shares - note how foreign investors stay away. What I do recommend is good stock picking in firms that totally dominate the market.
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