CARE is going up

lbnnirmal · 1 CARE subdivided ?? Mon Aug 01, 2011 7:04 pm

lbnnirmal

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Did CARE subdivided 1 share in to 5 in this year ???
If so that means the share price in now overvalued isn't it??
plc ppl who knw abt this put sm comments about this

mark · 2 Re: CARE is going up Mon Aug 01, 2011 7:15 pm

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lbnnirmal wrote:Did CARE subdivided 1 share in to 5 in this year ???
If so that means the share price in now overvalued isn't it??
plc ppl who knw abt this put sm comments about this

*ya they had a subdivision after having a marathon to 300 levels from 130 levels within couple of days,before subdivision the price was around 210 as i remember,after subdivision it start to come down bcoz of liquidity matters,this was quite illiquid before the sub division.

*btw now price is 37,it mean if there was no split,it would be around 185(37*5),as i notices this went down to 33 in last days.This is a good company,no doubt abt it,not much overvalued compared to sector

lbnnirmal · 3 Re: CARE is going up Mon Aug 01, 2011 7:23 pm

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Thnks mark for your information

Monster · 4 Re: CARE is going up Mon Aug 01, 2011 11:54 pm

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Currently it's trading PE ratio around 15. I don't think still it's overvalued when considering some other "shell companies" (empty) trading at PE ratio 50. As mark said it was stagnated around 120 - 130 before subdivision announcement. Company under a respectable entrepreneur Mr. Merril J Fernando.

lbnnirmal · 5 Re: CARE is going up Tue Aug 02, 2011 2:41 am

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So that means if market stay positive there is high possibility to upward trend to CARE ?? is dat so ??

SAGA · 6 Re: CARE is going up Tue Aug 02, 2011 6:45 am

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yes after subdivision expected price wa somewhere around Rs 42/-(210/5).but now trading around 38/=.same thing happened to FLBC(FORT LAND)also

SAGA · 7 CARE is going up Tue Aug 02, 2011 10:01 am

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GUYS SOMETHING IS GOING ON

laxman917576 · 8 Re: CARE is going up Tue Aug 02, 2011 7:49 pm

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lbnnirmal · 9 Re: CARE is going up Tue Aug 09, 2011 7:22 am

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laxman917576 wrote:https://mail-attachment.googleusercontent.com/attachment?ui=2&ik=bc216a53ec&view=att&th=1318ab504356eef6&attid=0.1&disp=inline&safe=1&zw&saduie=AG9B_P8Fj_1roMkcslDI2FP8tl39&sadet=1312303011938&sads=WSsf

Hay wts this ???