Abans Financial Services (AFSL) - Crazy prices?

cse.alpha · 1 Abans Financial Services (AFSL) - Crazy prices? Mon Jun 27, 2011 9:57 am

cse.alpha

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Abans Financial Services (AFSL) - Crazy prices?

Abans Financial Services (AFSL) got listed today through Introduction.

Its book value is Rs 9.5 per share, and its FY11 EPS is Rs 1.15 (net profit of Rs 42.4 mn, divided by 37 mn shares).

Reference price was Rs 9.5

But share opened at Rs 51, and is now at Rs 104.5 with over 9,000 shares traded - wonder how many of the people who bought AFSL today read the Introductory Doc or know the valuations ?

SS · 2 Re: Abans Financial Services (AFSL) - Crazy prices? Mon Jun 27, 2011 10:03 am

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Hey Bro dnt forget this is CSE.... Razz

StocksWatch · 3 Re: Abans Financial Services (AFSL) - Crazy prices? Mon Jun 27, 2011 10:12 am

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They are buying hoping that they can pass on this to someone else at a higher price. Someone is going to buy at the peak and suffer the losses.

AWDTRADING · 4 Re: Abans Financial Services (AFSL) - Crazy prices? Mon Jun 27, 2011 10:24 am

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misleading information

seems a scam for me

CSE Today · 5 Re: Abans Financial Services (AFSL) - Crazy prices? Mon Jun 27, 2011 10:42 am

CSE Today

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AWDTRADING wrote:misleading information

seems a scam for me

What is misleading info...? you mean what cse.alpha has posted are misleading...? If so pls post your calculations ..we want to see how intelligent you are

Then what s the Scam...?

UNI · 6 can remember swarnamahal financial services? Mon Jun 27, 2011 12:06 pm

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same here...

ishnet · 7 Re: Abans Financial Services (AFSL) - Crazy prices? Mon Jun 27, 2011 12:22 pm

ishnet

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Now trading at RS 86.30

chamillion · 8 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jun 28, 2011 6:58 pm

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CSE Today wrote:

AWDTRADING wrote:misleading information

seems a scam for me

What is misleading info...? you mean what cse.alpha has posted are misleading...? If so pls post your calculations ..we want to see how intelligent you are

Then what s the Scam...?

AWD trading posted in favour of cse.alpha's information i guess

and the whole process,

Reference price was Rs 9.5

share opened at Rs 51
and all the sudden share is selling over Rs.100with manipulative mananer
looked a scam for me too

If you feel not so
let us see how intelligent you are too.

xhora · 9 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jun 28, 2011 7:10 pm

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I felt something like this going to happen but never thought this would touch 100. my expectation was around 30. So I chased this from the start but every time someone over bid me. Finally I got this at 104. But then it was too late the maximum price you can sell was 104.50. for my luck there was many people there to buy at 104.50. At least I was wise enough not to keep it.

My losses were minimum since I got only 200. But think of the profit to the person who got at 51. Smile

Fresher · 10 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jun 28, 2011 7:18 pm

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i bid at 20.20 at pre open and never looked back to buying it

Fresher · 11 Re: Abans Financial Services (AFSL) - Crazy prices? Thu Jun 30, 2011 7:58 pm

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here you go
http://www.cse.lk/cmt/upload_cse_announcements/6471309435114_.pdf
page 6

A Director has sold 6,000 shares @ 104.50 each on 27th June

player · 12 Re: Abans Financial Services (AFSL) - Crazy prices? Sat Jul 02, 2011 8:20 pm

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feel free to see AMF crazy prices on upcoming days Wink

player · 13 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jul 05, 2011 8:47 am

player

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low liquidity will boost the share price,
about AMF,1st day buyer ddnt sold yet,yesterday buyer may sell today,this cycle will remain until big sell order push the price down.
btw i dnt like the way these introduction shares trading,but it gives me profit Wink

smallville · 14 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jul 05, 2011 9:18 am

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Its so sad to see how many ppl falling in to greater fool theory when company itself had suggested the intrinsic value to be 9.5 Wink

player · 15 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jul 05, 2011 9:20 am

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smallville wrote:Its so sad to see how many ppl falling in to greater fool theory when company itself had suggested the intrinsic value to be 9.5

yes foolish retailers,btw im telling about AMF,what you think?

player · 16 Re: Abans Financial Services (AFSL) - Crazy prices? Tue Jul 05, 2011 12:14 pm

player

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player wrote:

smallville wrote:Its so sad to see how many ppl falling in to greater fool theory when company itself had suggested the intrinsic value to be 9.5

yes foolish retailers,btw im telling about AMF,what you think?

why?why so pushing?......what will be the quit price? Very Happy