After touching 32/- resistance & with a Directors disposal of few shares of
his total holding, CSF came down little by little...but
with many developments taking place within CSF, including an IPO for its subsidiary Millennium Developers Limited, which could in return give CSF some millions or billions as capital gains & by the way of settlements of outstanding debts to the mother company, CSF.
& I heard that CSF is on the restructuring process of its branch network, relocating all the branches to more customer friendly environments with the intention of attracting more clients & achieve the customer satisfaction. This also can bring more profits to the company in the future. [Take LB Finance, RCL & PABC restructurings & image building just after the acquiring by DP & how they perform now]
And finally given the advantages of having Two Stock Broker firms, one under CSF holding [Ceylinco Stock Brokers] & the other under the holding of CSF new management Access Asia Equities [TKS securities (Pvt) Ltd] &
Looking at its possible future growth,I think its not a bad investment to enter, if we can hold…!
Hope CSF can bounce back at any time...!