i have observed that NAV of the share is around 26/= and eps is 2.93/- ( according to 2012 annual report)
Is the movement because of the performance or is there anything going on ??
PS : I currently hold this share
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FortuneMaker wrote:The initial movement was because of the dividends, but this is a share that will move up due to its high NAV.
It has already grown by 50% in a week. as you say, but most brokers predict it will reach 1.5 PBV which is around 40.
May have to hold three months, until the real Bull begins to run.
It is a good share with great potential in the apartment business, and it owns the world trade center.
I noticed a huge collection going on today and a bit of profit taking also was happening.
I bought two weeks ago at 16.30 and sold today at 19.90, but later in the afternoon it reached 20.70.
I was really disappointed !!!
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