@The Alchemist wrote:
I fished out an old Colombo Brokers Association Hand book of Rupee companies from 1979-1983.
If you need a blast from the past, I will be happy to give you statistics from that era.
Kicking it of with details for Buki in FY 1978/1979
Profit - Rs 2.5 million
Number of shares issued - 100,000 (increased to 400,000 in 1979/1980)
NAV - Rs 333
EPS - Rs 25
Dividend - Rs 12.50
Share Price as at 31st March 1979 - Rs 55
They dont come so cheap anymore i guess !
I think 1 usd = Rs 20 in 1979 (can someone reconfirm this ?)
Rs 55 invested in Buki in 1979 = Rs 720,000 in 2013
usd 2.50 invested in Buki in 1979 = usd 5700 in 2013
In 1979, Microsoft IPO happened at usd 27 per share
In 2000, Microsoft was trading split adjusted at usd 3375, up 125 times in 21 years !