ALUF will run?

shaankh · 1 ALUF will run? Thu May 19, 2011 11:21 am

shaankh

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ALUF is moving again fast today. Has somebody help it's debit to recover? Going to buy ?

tubal · 2 Re: ALUF will run? Thu May 19, 2011 3:53 pm

tubal

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haven't people shed enough tears on this already? Does the fact that it's come down from it's rediculous 192 high suddenly make it attractive? This company has no money to run it's business.

Why not pick an undervalued share? Despite three green days there are plenty of them around. Take DIMO for example (I am not making a buy recommendation just giving an example), with latest results it's trading at a PE of less than 7. If you look closely there are plenty of others around.

gajaman pro · 3 Re: ALUF will run? Tue Aug 30, 2011 10:39 am

gajaman pro

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look at Aluf now

Roboticfx · 4 Re: ALUF will run? Wed Aug 31, 2011 12:40 am

Roboticfx

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Dear shaankh,
Never try to buy this share. I am telling this by experiences which have been faced by me. Alufab is a bankrupt company. They have only less amount of cash to maintain their company. You can understand it by referring to their financial report in CSE website. Look at the cash balance under current assets in the balance sheet. You can consider it with a past year report. Also Check their liabilities(Wagakeem in sinhala :things which have to paid for external stakeholders) Its price is moving up hence inexperienced investors buy them at higher prices as its all time high is 192(They hope it will raise up to all time high price) Did you see the big downward which happened immediately one or two weeks ago? This can be done again at anytime. I think its price will move down to RS.30 or 40. If the company get huge losses alone it can be closed. Exclamation