Who Bought CDB

SS · 1 Who Bought CDB Fri Sep 02, 2011 10:33 am

SS

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There is a big transaction in this company does anyone knows who bought it is it a another MFL???

cse_investor · 2 Re: Who Bought CDB Fri Sep 02, 2011 5:15 pm

cse_investor

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Good question. According to cse.lk there was only once crossing for 416,500 at Rs. 76.00, but a total of 2,123,200 shares traded. CDB is a solid company with massive potential for the future, so I'm rather wondering who SOLD than who BOUGHT. Given the considerable volume today, I wouldn't be surprised to see CDB gain grounds over the next week or two, it was always in the books once the rights got entered. Pre-rights CDB touched 109 one day and had been stable at 90s level for a while, so I wouldn't be surprised to see it go back there shortly. Several HNWIs are already into CDB (Perpetual, Dr. T, etc.).

CHASE · 3 Re: Who Bought CDB Fri Sep 02, 2011 8:25 pm

CHASE

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Some one make about 79 buy or sell orders to fill 2.075m shares. clown

may be they don't wont to highlight it as a crossing.

Marketrisk · 4 Re: Who Bought CDB Fri Sep 02, 2011 8:27 pm

Marketrisk

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CITIZEN DEVELOPMENT BANK
CITIZEN DEVELOPMENT BANK CAN BE A REAL VALUE GEM WITH CURRENT TRADING TERMS AND IT IS TRADING AT THE RANGE OF 75-77 WHERE P/E IS ONLY 6 TIMES WHERE BANKING AND FINANCE SECTORE P/E IS AROUND 15X- 20X
EPS RS 13.32
IF P/E IS 15 RS 199.8 (EXPECTED GAIN 166%)
IF P/E IS 20 RS 266.4 (EXPECTED GAIN 255%)
FURTHER CDB HAS RECORDED 132% GROWTH IN NET PROFIT AND I HAVE SEEN LARGE VOLUMES OF SHARES STARTED TO BE TRADED FROM TODAY.
DISCLAMIAR :-
PLEASE DO YOUR HOME WORK BEFORE ANY ACTIONS