There is a BUY recommendation on LLUB @ 170 prevailing price due to regular dividend payout (for 2012E estimated dividend is 10% ) and further appreciation of the share price estimated to Rs.195/share.
Buy price 170/-
add 10% div =Rs 17/-
Appreciation = Rs 25/share to Rs.195/-
Total gain = (17+25)=Rs.42 (its abt 25% Rtn on.170 investment )
The supporting data also shown in details forecast earning and increase number of vehicle YoY.
While analyzing the past company record, and high dividend payout it seems 25% return is possible easily. if so I am planing to invest few millions on this share and hold YoY basis. looks reasonable return without much risk.
experts please advice.