Is FLCH a good buy??

traderJack · 1 Is FLCH a good buy?? Wed Apr 27, 2011 4:35 pm

traderJack

Equity Analytic

Posts : 32
Equity Stars : 4842
Reputation : 7
Join date : 2011-04-11

Is it a good buy at 5.10~5.20 based on its current and future earnings?? Can experts please advice ? Thanks in advance.

Slstock · 2 Re: Is FLCH a good buy?? Wed Apr 27, 2011 4:42 pm

Slstock

Director - Equity Analytics

Posts : 6610
Equity Stars : 13383
Reputation : 1158
Join date : 2011-01-22

traderJack wrote:Is it a good buy at 5.10~5.20 based on its current and future earnings?? Can experts please advice ? Thanks in advance.

Compared to other shares going for similar prices and going with the current earnings this share is a decent buy at aroud current price. But am not sure whether it will drop closer to RS 5. ( IP0 price). FLCH is heavily dependent on plantations currently. As especially rubber prices have been good lately and tea prices were decent they seemed to be doing okay. But please note that wage hike issues and future prices of teas rubber etc will be worth to monitor if you enter this share. Many may treat this as a plantation sector share.

However to me as it is almost the IPO price this share price is attractive right now. Please be ware of all facts when entering though.

Light of Hope · 3 Re: Is FLCH a good buy?? Wed Apr 27, 2011 4:51 pm

Light of Hope

Vice President - Equity Analytics

Posts : 1014
Equity Stars : 5901
Reputation : 59
Join date : 2011-04-04

Touching IPO price is on the cards, but it has come down so fast, it could go pass it.

Non of the IPO's has recovered from the first day peak, except for LGL, in the near past. I am wacthing this but not sure when to enter.

npc86 · 4 Re: Is FLCH a good buy?? Wed Apr 27, 2011 7:15 pm

npc86

Manager - Equity Analytics

Posts : 235
Equity Stars : 5172
Reputation : 39
Join date : 2011-02-24
Location : Colombo

Light of Hope wrote:Non of the IPO's has recovered from the first day peak, except for LGL, in the near past. I am wacthing this but not sure when to enter.

Excellent point. I never noticed this So what is the point of investing in medium term investing.
Smile