Glass Will Pass 10 Mark?

Gaja · 1 Glass Will Pass 10 Mark? Fri Jan 28, 2011 2:48 pm

Gaja

Associate Director - Equity Analytics

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Hi

I bought the Glass when it was 6.90 to 7.00. Disposed recently at 8.90

What is your thoughts about buying it again 8.50 to 8.60

tubal · 2 Re: Glass Will Pass 10 Mark? Fri Jan 28, 2011 7:03 pm

tubal

Vice President - Equity Analytics

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You made a profit let it go.

Gaja · 3 Re: Glass Will Pass 10 Mark? Fri Jan 28, 2011 7:26 pm

Gaja

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thanks

tubal · 4 Re: Glass Will Pass 10 Mark? Fri Jan 28, 2011 9:31 pm

tubal

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Actually glas is sure to go up next monday simply because it has declined at a stretch for four days. But you have already sold near the top and it's not clear whether it will reach the same high again. It might then again it might not. You might end up with either a very small profit, or a share that's stuck in a rut (while it consolidates), or worse still one that continues the decline after the short upturn.

Slstock · 5 Re: Glass Will Pass 10 Mark? Sat Jan 29, 2011 1:50 am

Slstock

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There is a point in what tubal is say. However is you consider the last 2 quarter EPS with forward 12-15 PE this share can be worth around Rs 10. I would wait till if it drops down more before making aany buy to be sure that you get some return incase this does not pick up in a hurry.

Gaja · 6 Re: Glass Will Pass 10 Mark? Sat Jan 29, 2011 11:48 pm

Gaja

Associate Director - Equity Analytics

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I purchased the Glass with the intention of holding it for at least 6 months, but due to urgent finance need i disposed that and that money help a person a lot at that time. As promised he repay that money to me on time and i have that money with me thats why i ask all your idea at current price level

Thanks

Gaja · 7 Re: Glass Will Pass 10 Mark? Sun Jan 30, 2011 12:53 am

Gaja

Associate Director - Equity Analytics

Posts : 3127
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Join date : 2011-01-27
Age : 41
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I dont know anything about their business but i am positive about this company based on the following reasons

Improved financial performance with the significant reduction of borrowing cost
Converting their Borrowing to US$
Expected Land disposal in Ratmalana, i think the proceeds they receive from this disposal they might used to settle part of their borrowing which in turn bring savings to finance cost further
Back up of the Indian Company
The Investment they made in 2007 approximately 4 Billion SLR, started to bring the benefits

Appreciate the senior members opinion about Glass

Thanks