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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Poultry made me Millionaire. Im just 23 years old.

Poultry made me Millionaire. Im just 23 years old.

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MerdoxR

MerdoxR
Senior Equity Analytic
Senior Equity Analytic
WoW I love poultry so much. It's been like 2 years I entered the stock market. I had no idea but just listen to my broker. That was the time when investor.lk was the platform for gossips. They said poultry was manipulated, but the base was very strong and had real value it was all a rumor to bring down so these people can grab them cheap. I started with just 2laks from my mom. Bought BFL @ Rs.50 and just watched it move to Rs.180 levels. It had strong financials and had real value I was so happy with that confidence I pumped in more money 2laks and used my entire margin, and bought from GRAN and TAFL I was so lucky I bought them at Rs.60 levels and sold at Rs.240 levels. BFL went upto Rs.528, I sold at Rs.510 levels.I actually made 80laks. Rumors came again saying manipulation and brought the share prices down and I bought them half way but still the market kept going down and I was in loss just like the others bear market having the margin also reducing in portfolio. Broker asked me to sell to settle margin cuz i was holding more than 6months in the bear market. I really ended up in selling all the shares only keeping GRAN worth 10laks @ Rs.165... I surely know BFL,GRAN,TAFL poultry is worth more than their All time high price cuz they performed well. Hoping GRAN will pass Rs.165 so I can recover my loss. This entire week my eyes were only at these 3 poultry leaders. Today I felt the pressure building for the chicken run. Morning I bought BFL and TAFL for margin I had and by afternoon my profit on BFL closing price was 20k on BFL alone. I just want to share my life experience in this market not to manipulate. You can go through their financials. But dont worry later you missed the train Very Happy... Good luck guys...

econ

econ
Global Moderator
Not only you but also many become millionaires thanks to poultry rally.. that is why we love chicken run... Very Happy illiquid nature of poultry sector is ideal for massive run..

Stefan


Senior Equity Analytic
Senior Equity Analytic
@econ wrote:Not only you but also many become millionaires thanks to poultry rally.. that is why we love chicken run... Very Happy illiquid nature of poultry sector is ideal for massive run..

I made a loss with Gran by buying at the wrong time. It was my mistake, I also know people who made a lot of money.

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics
I too got a reasonable gain, but this time I am waiting with UML.......



Last edited by opfdo on Fri Sep 07, 2012 5:04 pm; edited 1 time in total

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@MerdoxR wrote:WoW I love poultry so much. It's been like 2 years I entered the stock market. I had no idea but just listen to my broker. That was the time when investor.lk was the platform for gossips. They said poultry was manipulated, but the base was very strong and had real value it was all a rumor to bring down so these people can grab them cheap. I started with just 2laks from my mom. Bought BFL @ Rs.50 and just watched it move to Rs.180 levels. It had strong financials and had real value I was so happy with that confidence I pumped in more money 2laks and used my entire margin, and bought from GRAN and TAFL I was so lucky I bought them at Rs.60 levels and sold at Rs.240 levels. BFL went upto Rs.528, I sold at Rs.510 levels.I actually made 80laks. Rumors came again saying manipulation and brought the share prices down and I bought them half way but still the market kept going down and I was in loss just like the others bear market having the margin also reducing in portfolio. Broker asked me to sell to settle margin cuz i was holding more than 6months in the bear market. I really ended up in selling all the shares only keeping GRAN worth 10laks @ Rs.165... I surely know BFL,GRAN,TAFL poultry is worth more than their All time high price cuz they performed well. Hoping GRAN will pass Rs.165 so I can recover my loss. This entire week my eyes were only at these 3 poultry leaders. Today I felt the pressure building for the chicken run. Morning I bought BFL and TAFL for margin I had and by afternoon my profit on BFL closing price was 20k on BFL alone. I just want to share my life experience in this market not to manipulate. You can go through their financials. But dont worry later you missed the train Very Happy... Good luck guys...

Congratulations MerdoxR on your good fortune. I dont mean to step on your buzz but just want to caution you on some changes that are taking place in the poultry Industry. Right now, the poultry industry is in one big mess. the comming quarterly results will reflect this. over production, over supply, rising feed prices, rising overhead etc. It wont be rosy like before. The poultry industry is cyclical and post end of war, the industry has a good time. now, their are some structural changes taking place. a lot of new players (breeder farms), price control on broiler, rising soybean prices etc. another big worry is goverment intervention. last year, they imported cheaper chicken and eggs from india and the impact of this is only now being felt due to the livestock cycle. i hear all broiler processors cold storage facillities are full. the Breeder firms are prematurely culling birds as day old chick (DOC) prices have crashed. even if and when the current down cycle ends (overproduction, oversupply, rising raw material costs = lower profit or losses), the good times may not be like earlier due to the threat of price control (PBJ promised Rs 35 kg price hike after elections), and govt interventions (imports), rising feed costs, entry and excess capacity of new breeder farms and broiler processors.

Rajitha

Rajitha
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
100s of people made a killing out of it while hundreds of thousands lost their fortunes in it!
Well that have to happen I guess when something rockets and comes down! Specially When the big guns promoting it cash out with billions!
I can still remember those days when whoel focun saying buy buy buy nezxt run will give 100% returns lol! lol! When shares have run and Big guns cashing out!
I'm sure most people not using the forum must be soo grateful for those suckers for letting them cash out!

Dileepa


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Readers be careful. Story is too good to be true and non of them are financially sound.
As I always say slow and steady is the best. Never concentrate on one sector.
If you don't have a peace of mind with your PF and you are living in constant fear,
you better change your counters. Just to give you an idea of what peace of mind is...
Poultry made me Millionaire. Im just 23 years old. Blasti10

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@MerdoxR wrote:WoW I love poultry so much. It's been like 2 years I entered the stock market. I had no idea but just listen to my broker. That was the time when investor.lk was the platform for gossips. They said poultry was manipulated, but the base was very strong and had real value it was all a rumor to bring down so these people can grab them cheap. I started with just 2laks from my mom. Bought BFL @ Rs.50 and just watched it move to Rs.180 levels. It had strong financials and had real value I was so happy with that confidence I pumped in more money 2laks and used my entire margin, and bought from GRAN and TAFL I was so lucky I bought them at Rs.60 levels and sold at Rs.240 levels. BFL went upto Rs.528, I sold at Rs.510 levels.I actually made 80laks. Rumors came again saying manipulation and brought the share prices down and I bought them half way but still the market kept going down and I was in loss just like the others bear market having the margin also reducing in portfolio. Broker asked me to sell to settle margin cuz i was holding more than 6months in the bear market. I really ended up in selling all the shares only keeping GRAN worth 10laks @ Rs.165... I surely know BFL,GRAN,TAFL poultry is worth more than their All time high price cuz they performed well. Hoping GRAN will pass Rs.165 so I can recover my loss. This entire week my eyes were only at these 3 poultry leaders. Today I felt the pressure building for the chicken run. Morning I bought BFL and TAFL for margin I had and by afternoon my profit on BFL closing price was 20k on BFL alone. I just want to share my life experience in this market not to manipulate. You can go through their financials. But dont worry later you missed the train Very Happy... Good luck guys...
arent u over leveraging this one.....all your investments in one company or poultry sector....

People make big money as well as they go bust over night with this style buying its way too risky,........buying whole lots at once. I am sorry i can not agree....unless you do some analysis before buying... scratch

Dont get burnt out.....with margins by taking too much risk...

All the best....
TAH

MerdoxR

MerdoxR
Senior Equity Analytic
Senior Equity Analytic
I did not lie. This is the truth that happen to me. I was out of the market nothing do in the bear market just watching all of them come down. Wish I had sold everything earlier when it was dropping and bought them back again. Did you see the sellers demand of prices for all 3 poultry today? I am back again cuz I can see opportunities. Good luck guys. All the best. Hope all will remember my story when you see the chicken run Very Happy

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Dileepa wrote:Readers be careful. Story is too good to be true and non of them are financially sound.
As I always say slow and steady is the best. Never concentrate on one sector.
If you don't have a peace of mind with your PF and you are living in constant fear,
you better change your counters. Just to give you an idea of what peace of mind is...
Poultry made me Millionaire. Im just 23 years old. Blasti10
Thanks for sharing your portfolio Very Happy

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@MerdoxR wrote:I did not lie. This is the truth that happen to me. I was out of the market nothing do in the bear market just watching all of them come down. Wish I had sold everything earlier when it was dropping and bought them back again. Did you see the sellers demand of prices for all 3 poultry today? I am back again cuz I can see opportunities. Good luck guys. All the best. Hope all will remember my story when you see the chicken run Very Happy

Best wishes, coming days we can have like these type of posts a lot.
After some time we will have crying stories from our so called educated investor/trader members - like in the past.
Good luck.

nalakaum


Stock Trader
Well said Dileepa!

@Dileepa wrote:Readers be careful. Story is too good to be true and non of them are financially sound.
As I always say slow and steady is the best. Never concentrate on one sector.
If you don't have a peace of mind with your PF and you are living in constant fear,
you better change your counters. Just to give you an idea of what peace of mind is...
Poultry made me Millionaire. Im just 23 years old. Blasti10

Whitebull


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Time to time this type of members appear here.Some are so smart and they never miss an oppurtunity.......

Some are so lucky that they invest thousands and becomes millionairs or billionairs......

hariesha


Vice President - Equity Analytics
Vice President - Equity Analytics
The previous mega run on poultry was based on fundamentals; I mean there were enough reasons for it to run. All TAFL, GRAN, and BFL were reporting above 50% growth Q by Q.

Do we have the same scenario now. TAFL is with a small loss for June 2012. Sep. quarter also very much doubtful and I expect their loss will increase in September, due to the drought. BFL at current prices is at PER of 14X and PBV of 1.4X. Q by Q EPS has dropped from Rs.9/- to Rs.3/- in last two quarters. Profits in GRAN in June are from other incomes.

As we are in a bull run, prices can go up. But it's really doubtful about the fundamentals at the moment. But once the environment is conducive these companies will definitely perform, most probably once the drought is over.

Hawk Eye

Hawk Eye
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
The news I got was Reps from Poultry Industry met the minister for a price revision on Thursday. possibly by Rs.30-40 . The request was accepted or not is not known yet.

I believe the collections are based on this. lets see any Chicken Directors have collected their own stocks by next week, which would be the confirmation of the positive news in advane

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
I did the same thing in 2010 except my portfolio had BFL & TAFL only in poultry sector. How come I was not a millionaire doing the same thing? tongue

Poultry made me Millionaire. Im just 23 years old. Portfo10

I think ur exaggerating the figures know or hiding something..

Anyways welcome to the forum.. Smile

Fresher


Moderator
Moderator
@smallville wrote:I did the same thing in 2010 except my portfolio had BFL & TAFL only in poultry sector. How come I was not a millionaire doing the same thing? tongue

Poultry made me Millionaire. Im just 23 years old. Portfo10

I think ur exaggerating the figures know or hiding something..

Anyways welcome to the forum.. Smile

we did have quite a few like this right?

remember someone who sold the house and bought BUKI while his daughter had cancer or something?
He never replied later did he?
We reply all sorts of sympathetic messages, while he/she could be potentially taking us for a ride.

MerdoxR

MerdoxR
Senior Equity Analytic
Senior Equity Analytic
Sorry for the late reply guys. I know diversification is vital in share market. But I took the risk and traded in ups and downs of the market and made 8 Million of total. Then at last was with the margin of around 4 million worth stocks extra market started to fall. I was holding as much as I can and then my broker kept selling time to time to correct the margin levels. I was pissed I told him to clear the entire margin that is where I incurred a massive loss. I just wanted to share what happen to me not intending for others to buy. To gain knowledge from you guys as an advice for me and I need a lot to learn seeing form my experience from your point of view. Thankx fellow members.

Fresher


Moderator
Moderator
@MerdoxR wrote:Sorry for the late reply guys. I know diversification is vital in share market. But I took the risk and traded in ups and downs of the market and made 8 Million of total. Then at last was with the margin of around 4 million worth stocks extra market started to fall. I was holding as much as I can and then my broker kept selling time to time to correct the margin levels. I was pissed I told him to clear the entire margin that is where I incurred a massive loss. I just wanted to share what happen to me not intending for others to buy. To gain knowledge from you guys as an advice for me and I need a lot to learn seeing form my experience from your point of view. Thankx fellow members.

what's hard to believe was that you made 4 lakh into 80

anyway, if i had done that, I probably would have been happy and exited when it was on the way down at around 40 lakh (just saying)
i know its easily said than done but we should be more mature in our return expectations

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@MerdoxR wrote:Sorry for the late reply guys. I know diversification is vital in share market. But I took the risk and traded in ups and downs of the market and made 8 Million of total. Then at last was with the margin of around 4 million worth stocks extra market started to fall. I was holding as much as I can and then my broker kept selling time to time to correct the margin levels. I was pissed I told him to clear the entire margin that is where I incurred a massive loss. I just wanted to share what happen to me not intending for others to buy. To gain knowledge from you guys as an advice for me and I need a lot to learn seeing form my experience from your point of view. Thankx fellow members.

We know that u want to share ur experience.. we do that a lot too. Sorry abt the losses u make.. We can only have the sympathy towards the situation..

However what's skeptical here is how u turn 4laks into 8 mil.. well if ur that lucky or smart there'll be a lot of guys who would pay u millions for your advice Wink

Still u've not answered my earlier post.. Now I smell a rat..

Ur total investment is 4 laks so I dont think we're fools to believe u got at least 400% margin facility from any company.. That would be absurd to think even..
Even if u get a 100% margin trading from broker thats 8 laks in total. Now r u telling us u made 1000% profits on a 8 laks portfolio.. WOW Twisted Evil Twisted Evil

Time for you to explain in detail how u earned 80 laks..

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