PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

Gunther wrote:

svkiruba8@gmail.com wrote:

Gunther wrote:

are you still optimistic on GLAS? Will the price drop recover fast to move up? Please share your opinion !!!!

Mithooshan wrote:

thananjey wrote:

Mithooshan wrote:

chanakast wrote:

Mr. X wrote:it's time collect for next run.

Yes, im keep collecting

I collected today as well. I think price is settling at Rs.7.10-Rs.7.30 before the next run. Good consolidation happening yesterday and today. With good volumes.

*Not a buy or sell recommendation.

 HOW TO DECIDE A SHARE IS AT CONSOLIDATING LEVEL?

A share which consolidates usually have a support and a resistance level and does not give opportunities for trading. It will be trading with a small price gap. (ideally 10 cents to 20 cents)

After the consolidation it will breakout. It can be either positive or negative and when you are investing at a consolidating stock you need to be careful and study the fundamentals of the company so that you know whether this has a reason to go down or up.

So when it comes to GLAS, Yesterday within first half hour price went to Rs.6.70 as @Engineer predicted due to profit taking of retailers who might have purchased below Rs.5.

Then it climbed to Rs.7.30 where a resistance is seen. Due to resistance price dropped but there was a good support at Rs.7.
That is why i said share is consolidating.
We could confirm this is on Monday. If this is indeed a consolidation my view is that share price should move up and not down because share price’s upward movement was backed with strong financials published

Additional Information:
*Almost 110Mn shares traded above Rs.7.20 (13th - 16th)
***For the last 30Days total volume traded was around 220Mn
***More than 50% was traded above current market price
****No director selling (PAP and RAL directors realized their investments at good prices to that of their purchase price)

Source - Investing.com mobile app

(New investors please do not take risk and watch the trading pattern on Monday to learn opportunities and identify how a breakout happens)

pra4u wrote:

invest thinker wrote:earlier, EXPO  penny stock, now, it is not penny. it's growing .. Mr.NP, also got EXPO at top price level. no one believe expo will become giant. at beginning level NP said, EXPO is too much higher @ price 6. but he touch EXPO @ 12.

GLAS is like sleeping giant, now, again came 2nd chance, collection. it move asap..  recently, Mr. NP tweet downgrade penny.. definitely he'll touch GLAS. I know, very well.. when he need to take some shares he tweet negatively. bcoze, he wants to panic others for collecting @ bottom level. Mr. NP also comeback to buy glass in future.. i think, he has GLAS 8Mn shares..
Mr.NP good business as well as good trader.. most of people never disclosed content, before investing. 

learn from past history, 

invest thinker wrote:last friday, foreigner buy GLAS. 

pra4u wrote:

stockback wrote:

pra4u wrote:

if some can ask from him. please ask how to value a stock.

P/E, NAVPS and Profit growing..

if they anything else please teach us....

pra4u wrote:

invest thinker wrote:agree. GLAS next day morning pass 8.20 .. 

invest thinker wrote:agree. GLAS next day morning pass 8.20 .. 

ThivankS wrote:GLAS.N : NP Growth for the 2nd quarter is around 234% and ROE 11% seems a bit overvalued P/BV 1.47 My guess will hit 8.50 but not above ???

Eranga87 wrote:

ThivankS wrote:GLAS.N : NP Growth for the 2nd quarter is around 234% and ROE 11% seems a bit overvalued P/BV 1.47 My guess will hit 8.50 but not above ???

GLAS N
                (2Q2020)            (2Q2019)
net profit       359Mn               73Mn

Net profit increased by 390%
ROE                           13.32%
Price to cash flows      125.54 ( 2Q2020)
price to cash flows          9    (TTM)

most of them unable to analyze potential improvements. that's why they continuously lose. most people never believe EXPO potentially values with changes in macroeconomics. now, how much present investors willing to pay for EXPO.

covid19, macroeconomic changes positively affect to GLAS and they continuously develop products and found new market segments. GLAS has the capability for both organic & inorganic growth. upcoming 3rd qtr, financial performance beyond 2nd qtr results. anticipation price sensitivity information, support to GLAS Prices move up furthermore..

Eranga87 wrote:

ThivankS wrote:GLAS.N : NP Growth for the 2nd quarter is around 234% and ROE 11% seems a bit overvalued P/BV 1.47 My guess will hit 8.50 but not above ???

GLAS N
                (2Q2020)            (2Q2019)
net profit       359Mn               73Mn

Net profit increased by 390%
ROE                           13.32%
Price to cash flows      125.54 ( 2Q2020)
price to cash flows          9    (TTM)

most of them unable to analyze potential improvements. that's why they continuously lose. most people never believe EXPO potentially values with changes in macroeconomics. now, how much present investors willing to pay for EXPO.

covid19, macroeconomic changes positively affect to GLAS and they continuously develop products and found new market segments. GLAS has the capability for both organic & inorganic growth. upcoming 3rd qtr, financial performance beyond 2nd qtr results. anticipation price sensitivity information, support to GLAS Prices move up furthermore..

invest thinker wrote:3 days ago mentioned , Have 8 Mn fake selling order. he try to panic.. dont panic, someone try to pick your stock at cheap price..