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Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 3:38 pm
Last edited by slstock on Mon May 09, 2011 4:24 pm; edited 1 time in total (Reason for editing : Moved topic from News to Market Talk as more appropiate)
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 3:43 pm
Lalindra Ranasinghe wrote:I can't understand for this reason. Small investors are in real trouble. Is this going be a blood path?. Please resond.... :bom
Grain Stock purchase or not Mon May 09, 2011 4:22 pmslstock wrote:Lalindra Ranasinghe wrote:I can't understand for this reason. Small investors are in real trouble. Is this going be a blood path?. Please resond.... :bom
Lalindra,
We have discussed this many times. I also have contributedwith my opinion on the thread below . Other have too. Please see.
http://forum.srilankaequity.com/t2868-gran-labai-labai
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 4:34 pm
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 4:37 pm
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 4:57 pm
Last edited by Meta Trader on Mon May 09, 2011 10:40 pm; edited 1 time in total (Reason for editing : typo)
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 4:59 pm
econ wrote:In the next run it may end up in 300s. it was trade at 50s 6months ago.
so dont worry it has long term value.. its price increase not because of manupulation. it had a massive growth of profit last year.
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 6:31 pmRajitha wrote:econ wrote:In the next run it may end up in 300s. it was trade at 50s 6months ago.
so dont worry it has long term value.. its price increase not because of manupulation. it had a massive growth of profit last year.
Can you please explain how you get to a figure of over Rs 300 for GRAN over twice the current market price? Or is that just a number you thought of to make him by the share?
As you said
6 months ago share price Rs 57.10 and known quarterly EPS Rs 2.42
Now Share price Rs 147.50 known quarterly EPS Rs 3.42
when EPS risen for the poultry sectors best quarter by 41.3% the price has risen by 176%!
At over Rs 300 to justify its price as you said because of its great earnings increase it should show over Rs 10.90 quarterly earnings! hummmm....
PS:- One of the main people who got the GRAN price high actually sold their share lot with a crossing at Rs 250! They got the rpice to this level as fat as I know to get this deals done! I know this because one of the brokers their when crossing happened was my broker! The people who bought the shares are a quite reputed trust as well and lets see if they can make the share run as its previous owners did!
Re: Grain Elevators PLC – Stock Price has come down from 250 to 148 Mon May 09, 2011 8:31 pm
Rajitha wrote:econ wrote:In the next run it may end up in 300s. it was trade at 50s 6months ago.
so dont worry it has long term value.. its price increase not because of manupulation. it had a massive growth of profit last year.
Can you please explain how you get to a figure of over Rs 300 for GRAN over twice the current market price? Or is that just a number you thought of to make him by the share?
As you said
6 months ago share price Rs 57.10 and known quarterly EPS Rs 2.42
Now Share price Rs 147.50 known quarterly EPS Rs 3.42
when EPS risen for the poultry sectors best quarter by 41.3% the price has risen by 176%!
At over Rs 300 to justify its price as you said because of its great earnings increase it should show over Rs 10.90 quarterly earnings! hummmm....
PS:- One of the main people who got the GRAN price high actually sold their share lot with a crossing at Rs 250! They got the rpice to this level as fat as I know to get this deals done! I know this because one of the brokers their when crossing happened was my broker! The people who bought the shares are a quite reputed trust as well and lets see if they can make the share run as its previous owners did!
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