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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » UML is it good?

UML is it good?

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1UML is it good? Empty UML is it good? Sat Oct 20, 2012 10:02 am

ddharmawardhane


Equity Analytic
Equity Analytic
with forward per 1.75, PBV 1.06 AND NAV 95.21 is it good to buy @100-102?



Last edited by ddharmawardhane on Sat Oct 20, 2012 10:41 am; edited 1 time in total

http://www.elthub.blogspot.com

2UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 10:10 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Migt not be such a good idea to calculate PE based on 1 quarter x 4. ( EPS 60+)

DIMO and UML is 2 of the strongest and undervalued shares in it s sector. If you are concerned about short term I would wait for sept quarter results to decide further. UML already went from Rs 65 to 100 .

3UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 10:22 am

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics
I feel this is not the real time to touch motor sector.Tax ll not be revise in near future, there fore whether they can perform well in near future is questionable.I ll be not surprise if these companies come with negative EPS in December quarter. This is just what i feel. Question

4UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 10:38 am

Ahinsaka


Stock Trader
I'm little bit against the negative EPS. look at number of Mercedes BENZ come to sri lanka, It is upward. The profit margin is huge for a benz and DIMO selling it. Trucks and buses duty is not revised and DIMO should still doing good. If you look at the Gross Profit of last two quarters for DIMO, it is increasing. My only issue is increase of Administrative expenses. That is the thing hurting the net profit.

When it come to UML, it is hugely benefited from Montero sales, which is lot of permits are going. If I'm correct UML has got over 70000 shares of DIMO which is collected in last quarter.

5UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 12:17 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
You seems to have done your homework. Good job.

But I do agree that any big incentive for Motor sector might not be on the way just yet . \

Kuk
About negative EPS hmm.. you really think these companies will go fown that much? If I recall DIMO also was eye balling Myanmar in the future.


@Ahinsaka wrote:I'm little bit against the negative EPS. look at number of Mercedes BENZ come to sri lanka, It is upward. The profit margin is huge for a benz and DIMO selling it. Trucks and buses duty is not revised and DIMO should still doing good. If you look at the Gross Profit of last two quarters for DIMO, it is increasing. My only issue is increase of Administrative expenses. That is the thing hurting the net profit.

When it come to UML, it is hugely benefited from Montero sales, which is lot of permits are going. If I'm correct UML has got over 70000 shares of DIMO which is collected in last quarter.

6UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 1:25 pm

The Alchemist


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@kuk83 wrote:I feel this is not the real time to touch motor sector.Tax ll not be revise in near future, there fore whether they can perform well in near future is questionable.I ll be not surprise if these companies come with negative EPS in December quarter. This is just what i feel. Question

In 2010/2011 - UML reported EPS Rs 13.43.
In 2011/2012 - UML reported EPS Rs 33.83

I read somewhere, in the past 2 years, UML has sold over 20,000 vehicles (all types). these will require servicing, repairs and spare parts in the comming quaters. Furthermore, as mentioned, Montero permit sales will continue.
In FY 2011/2012, Out of total Rs 20 Bill Group Revenue, 75 % or Rs 15 Bill is on new car sales and Balance Rs 5 Bill on spares, service, repairs, lubricants and other car products, tyres, motor cycles.
On the Expenses side, Rs 1 Bill Admin and Rs 300 Mill Distribution (can we presume majority on new car sales ? )
now the question is out of the Rs 1 Bill Admin, how much is fixed and variable and dependent on new car sales ?

In 1st quater 2012 ending June, EPS was Rs 14.40. we obviously cannot expect them to repeat this performance for all future quaters. Therefore, we must first decide what P/E we are willing to pay for good asset rich motor stocks like UML, DIMO and COLO. If say for eg, we decide 5 times is a safe bet, for UML at current price of Rs 100, works out to EPS 20.Since they have already made Rs 14.40 in 1st quarter, future 3 Q's combined need to be only Rs 5.60
Alternatively, they have to average Rs 5 EPS per quater from now onwards,

They are also a property rich company as reflected in the NAV. 300 Perches in Lipton Circus Prime Property. also i think they have property in Hyde Park Corner, Urogodawatte etc. Last year, they have also invested Rs 500 Million in a Blue Chip share portfolio like JKH, COMB Bank, DFCC, NDB, DIMO, etc

I will be not be surprised if UML posts EPS between Rs 5-7 for quater ending 30th Sep. This would put half Year EPS around Rs 20. anything more would be an Earnings Surprise. less than Rs 5 would be a reality check.

I see many buyers and sellers around Rs 100 nowadays. UML is a good, solid speculative share similiar to DIMO but DIMO has Rs 5 Billion 3 year funding needs to finance their 3 Outstation service centers in Kurunegala, Matara and somewhere else.

7UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 1:57 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Very valid and good points regarding UML and DIMO. The 2 companies also have significant exposure to Commercial vehicle market which has tax benefits ( as of today).

UML equity portfolio will take time to reap benefits as they would have bought above current prices. Thanks to UML dividend , it helped to push it to Rs 100 from Rs 70.

There might be a DIMO dividend on the way next month or so. Below might help as info to DIMO lovers . Also they are looking at Marine services.

Diesel and Motor Engineering Plc (DIMO) has announced plans to invest
Rs. 5 billion over the next three years despite a tough environment to
further bolster its business which enjoyed a windfall.

“We are targeting investments totalling Rs. 5 billion over the three
years ending 2013/14,” DIMO Chairman and Managing Director Ranjith
Pandithage revealed in the company’s 2012 Annual Report released last
week.



Giving a sneak preview of some of the major long term investments, he
said that starting from Matara, DIMO is introducing a new experience in
vehicle tyre sales and service under the banner ‘Tyre Plus’.
“Work is in progress on the construction of the TATA and Mercedes-Benz
Centres; sales and service centres in Jaffna, Trincomalee and
Kurunegala; and the DIMO Technical Institute in Sooriyawewa,” Pandithage
added.
In FY12 the company acquired 186 perches of land for Rs. 301.6 million
in close proximity to the proposed Mercedes Centre to develop a showroom
and a workshop dedicated to Tata Vehicles.

In addition, two lands were purchased to construct a showroom and a
workshop at Kurunegala and Jaffna. The construction work is scheduled to
commence during the current financial year.
The Bosch Centre at the Head Office premises and the new showroom and workshop at Anuradhapura were completed during FY12.
During the financial year ended on 31 March 2012, DIMO established DIMO
Customer Contact Points in many parts of the country. The Siyambalape
workshop facility was expanded and the state-of-the-art Bosch Centre
which accommodates all popular vehicle makes and modern diesel injection
systems was commissioned.

These planned new initiatives and investments are expected to
strengthen DIMO’s business which saw a major leap due to favourable
tariff though fortunes have lessened following the upward revision from
early this year.
Pandithage told shareholders that riding on the favourable
macroeconomic environment and duty regime of the previous year, DIMO saw
an all time best in FY12. DIMO Group’s gross turnover grew by 36% to
Rs. 39.9 billion and net profit attributable to equity holders rose by
27% to Rs. 2.69 billion. Group after-tax profit amounted to Rs. 3.7
billion, up by 9% over FY11.

“In a nutshell, it was an excellent performance all round,” Chairman Pandithage emphasised.
Bringing DIMO shareholders up to speed on the company’s strategic
thinking for the future, Pandithage said the business cycle was getting
shorter. “While we conclude another year with outstanding results, we
are entering an era of challenge,” he added.
He said that the company was mindful of the two main factors that
contributed to phenomenal growth in 2010/11; the decline in interest
rates and the reduction of duty on imported motor vehicles. A relatively
stable exchange rate that prevailed during the first three quarters
also favoured this scenario.
“We were well positioned to benefit from such an economic climate. However, there was also a downside,” he said.

The resulting surge in imports and increased consumption led to the
overheating of the economy in the second half of 2011. In response to
the widening deficit in the balance of payments the Central Bank of Sri
Lanka intervened with corrective measures that included the depreciation
of the Rupee, a hike in policy rates and a curb on credit expansion by
financial institutions. March 2012 saw an upward revision of the duty
structure.
“While these may well be early warning signals, they also serve to
prepare us to face the future with grit and determination,” the DIMO
Chief said.
According to him, the current financial year (FY12/13) will be one that will test DIMO’s mettle.
“We have experienced difficult times in our long history. We look back
on them with pride and satisfaction, having overcome the hardships while
holding true to the DIMO ethos. The real challenge during such periods
is to shield our customers and employees from the adverse situations
arising from the business cycle,” the Chairman said.

“Our customers’ businesses and livelihoods are dependent on our
unfailing service. The quality of life of the families that are
dependent on our employees cannot be compromised. As such, DIMO has to
be consistent in its delivery of value to them. They in turn will drive
DIMO’s value creation. We work simultaneously to keep our principals’
brands alive. Thus, while grappling with the demands that are before us,
we will not yield to short-term measures that would compromise our
ongoing commitment to our stakeholders,” Pandithage assured in the
Chairman’s Review of DIMO’s 2012 Annual Report.

He reiterated on DIMO’s eight strategic imperatives as they form the
basis for all plans and actions; and naturally the structure of the
Annual Report.
“Our six forms of non-financial or intellectual capital – customers,
employees, business partners, regulatory authorities, community and
concern for the environment – are in dynamic interaction to create
financial value for DIMO, our seventh form of capital. That’s only one
side of the coin in economic value creation. The other side is the value
that DIMO delivers to each of the six forms of intellectual capital.
Encompassing the seven forms of capital is our business domain or
portfolio mix – and managing this is our eighth strategic imperative,”
Chairman said.
Focusing on the eighth imperative, Pandithage explained that it was
prudent to consider diversity when selecting an investment portfolio in
order to reduce the risk. “The individual components of the portfolio
should bring about synergies. They should also build on the strengths of
the Group and forge new pathways for sustainable development and
growth.”

The Chairman acknowledged DIMO’s heavy concentration in the motor
vehicles segment – high dependence on a select few, albeit prestigious,
principals and all five business segments of Dimo, being
import-dependent, are exposed to the vagaries of the exchange rate and
the tariff structure. “Both can change overnight, as we have seen in the
recent past – with positive and negative implications,” he said adding,
“These prompt us to further our thinking.”
Whilst the Group achieved its budgeted profit before tax in FY12, the
second half of the year witnessed some macro economic developments that
adversely affected the vehicles segment.

Among the adverse factors are increases in interest rates, depreciation
of the rupee and duty increases in passenger vehicles. Further
continuation of these negative factors is likely to hinder growth.
However, investments made in building capacity and competencies could
partially off-set these adverse effects.
In this background, the budgets prepared for the financial year
2012/13, does not envisage a substantial growth in profits, although a
stable performance is expected, as per DIMO’s FY12 Annual Report.


“DIMO has withstood the test of time. Good times and bad. The golden
thread that kept the fabric of our enterprise together through its
73-year history was, and is, our reputation. We call it institutional
integrity in accounting for our intellectual capital. This is our
mainstay in an ever changing business world,” Chairman Pandithage told
shareholders.
In keeping with the performance of the company, the Board has
recommended further rewarding of shareholders with a final dividend of
Rs. 27.50 per share, which inclusive of the two previous interim
dividends, amounts to a total dividend payout of Rs. 40 per share for
the year. In FY11, it was Rs. 61 per share.

During the year DIMO’s Group assets topped the Rs. 15 billion mark to
finish FY12 at Rs. 15.5 billion from Rs. 10.9 billion a year earlier
whilst at company level it was Rs. 14.7 billion, up from Rs. 10.5
billion in FY11.
The Board of Directors of DIMO Plc comprises A.R. Pandithage (Chairman
and Managing Director), A.G. Pandithage (CEO), A.N. Algama, S.C. Algama,
A.M. Pandithage, B.C.S.A.P. Gooneratne, R.C. Weerawardane, Dr. H.
Cabral, Prof. U.P. Liyanage, T.G.H. Peries and R. Seevaratnam.


http://www.ft.lk/2012/06/11/dimo-to-invest-rs-5-b-more-to-boost-biz/


@The Alchemist wrote:
@kuk83 wrote:I feel this is not the real time to touch motor sector.Tax ll not be revise in near future, there fore whether they can perform well in near future is questionable.I ll be not surprise if these companies come with negative EPS in December quarter. This is just what i feel. Question

In 2010/2011 - UML reported EPS Rs 13.43.
In 2011/2012 - UML reported EPS Rs 33.83

I read somewhere, in the past 2 years, UML has sold over 20,000 vehicles (all types). these will require servicing, repairs and spare parts in the comming quaters. Furthermore, as mentioned, Montero permit sales will continue.
In FY 2011/2012, Out of total Rs 20 Bill Group Revenue, 75 % or Rs 15 Bill is on new car sales and Balance Rs 5 Bill on spares, service, repairs, lubricants and other car products, tyres, motor cycles.
On the Expenses side, Rs 1 Bill Admin and Rs 300 Mill Distribution (can we presume majority on new car sales ? )
now the question is out of the Rs 1 Bill Admin, how much is fixed and variable and dependent on new car sales ?

In 1st quater 2012 ending June, EPS was Rs 14.40. we obviously cannot expect them to repeat this performance for all future quaters. Therefore, we must first decide what P/E we are willing to pay for good asset rich motor stocks like UML, DIMO and COLO. If say for eg, we decide 5 times is a safe bet, for UML at current price of Rs 100, works out to EPS 20.Since they have already made Rs 14.40 in 1st quarter, future 3 Q's combined need to be only Rs 5.60
Alternatively, they have to average Rs 5 EPS per quater from now onwards,

They are also a property rich company as reflected in the NAV. 300 Perches in Lipton Circus Prime Property. also i think they have property in Hyde Park Corner, Urogodawatte etc. Last year, they have also invested Rs 500 Million in a Blue Chip share portfolio like JKH, COMB Bank, DFCC, NDB, DIMO, etc

I will be not be surprised if UML posts EPS between Rs 5-7 for quater ending 30th Sep. This would put half Year EPS around Rs 20. anything more would be an Earnings Surprise. less than Rs 5 would be a reality check.

I see many buyers and sellers around Rs 100 nowadays. UML is a good, solid speculative share similiar to DIMO but DIMO has Rs 5 Billion 3 year funding needs to finance their 3 Outstation service centers in Kurunegala, Matara and somewhere else.

8UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 2:31 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sri Lanka car registrations fall 75-pct in September

Oct 19, 2012 (LBO) - Sri Lanka's motor car registrations fell 75 percent to 1,072 in September 2012 from a year earlier while total registrations had fallen 45 percent to 24,478 data analyzed by JB Securities, a stock brokerage has shown.

An analysis of data from Sri Lanka's motor vehicle registry had shown that brand new cars were 75.4 percent to 643 and used or reconditioned cars were down 75.3 percent to 429 in September.
Some car importers had sought permission from the state to export vehicles already bought into the country, media reports said.

Total new vehicle registrations, which include motor cycles, three wheelers and trucks, fell 45.3 percent to 24,478 while cheaper used vehicle sales fell at a faster 56.8 percent to 1,928.

Sri Lanka's state jacked up vehicle taxes suddenly by a midnight gazette literally while citizens were sleeping in April 2012, after central bank accommodated credit taken by state enterprises to manipulate energy tariffs forced a devaluation of the currency.

Taxes on ordinary citizens have been raised to prohibitive levels while elected rulers get tax free cars, and state workers get tax slashed cars.

In Sri Lanka taxes are not only imposed by midnight gazette without going to parliament violating a basic democratic principle of 'taxation by consent' but taxes are also arbitrarily raised between budgets, taking away the freedom of citizens to plan their lives.

Registrations of Maruti Alto a small Indian made car, Sri Lanka's best-selling model at one time fell 94 percent to just 45 units from 804 a year earlier.

Registrations of motor cycles fell 51 percent to 11,922 in September, and biggest fall seen in absolute terms was in the smallest motorcycles used by the least well off people.

Motor cycles of engine capacity of 100 cubic centimeters or below fell by 7,541 units to 5,347.
The taxes by midnight gazette came just as female citizens were starting to buy small scooters, improving their mobility and freedom.

Analysts have pointed out that import duties, including nationalist taxes to protect big businessmen and producers close to the ruling elite work by hurting the poorest sections of citizenry most.

Luxury Mercedes, BMW and Audi cars meanwhile rose 7 percent to 88 units in September 2012 from a year earlier.

http://www.lbo.lk/fullstory.php?nid=843217155

9UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 5:08 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
i am holding uml...it will have some nice run when things go GREEN in coming weeks or so.....

last time i made some money and re-entered @ 100-102 region expecting for 140+ this time around Very Happy

please this is not a buy/sell or hold recommendation.

please do your home work before buying/selling.

TAH

10UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 5:31 pm

opfdo

opfdo
Vice President - Equity Analytics
Vice President - Equity Analytics
Yes current situation is not favourable for the motor sector.... but UML & DIMO always in my list.

Here it is my previous post when UML at below 75/-. I amended the PER & NAVPS as per the persent price.

"The forum has not talked much about UML, because many were thinking it is not going to perform as last year due to increase of taxes. As i remember there were only few posts about UML. But the company performances was superb than anyone thought in the last qt. Here is the lat two years EPS history, gradually it is increasing,what will be the Sep qt EPS ? what will be the 2012/2013 annual EPS ? can any one guess ?

QTR----- 2010/2011----2011/2012------2012/2013
JUNE--------0.90---------6.10-------------14.40
SEP---------1.96---------8.24--------------?
DEC---------5.46---------9.26--------------?
MAR---------5.16--------10.23--------------?
Annual------13.42--------33.83--------------?

Current F/W PER if we think AEPS,
as 57.60 is 1.73
as 50.00 is 2.00
as 45.00 is 2.22
as 40.00 is 2.50
as 35.00 is 2.85
as last year is 2.95
as 25.00 is 4.00
as 20.00 is 5.00
lets think company is not going make profit in the coming qts, PER will be 6.94

Remember current market PER between 10-13 & sector PER is according to the CSE 11.1 (this should be less than that)

Last two years NAVPS
QTR------2010/2011-----2011/2012-----2012/2013
JUNE------48.16----------62.25---------95.21
Price-----125.00---------135.00---------100.00last trade price
SEP-------49.24----------70.50
Price-----232.20---------164.40
DEC-------54.49----------76.57
Price-----115.70---------146.00
MAR-------59.23----------86.41
Price-----152.20---------108.00
PBV--------2.57----------1.25------------1.05
Dividend History
Year Amt paid
2007/2008 4.00
2008/2009 1.00
2009/2010 1.80
2010/2011 3.25
2011/2012 9.00
2012/2013 ? 3.00 Interim

cash & cash equivalent 501,467,000 "


http://forum.srilankaequity.com/t22177-like-to-refresh-your-mind-about-uml?highlight=refresh

11UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 6:09 pm

Rapaport

Rapaport
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Good analysis Opfdo and others

We must look at its future prospects carefully and invest. This share has a good potential.

Cheers!

12UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 6:31 pm

ddharmawardhane


Equity Analytic
Equity Analytic
Thank you all for educating me bros. I think this share should be in my pocket Very Happy

http://www.elthub.blogspot.com

13UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 7:12 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@traderathome wrote:i am holding uml...it will have some nice run when things go GREEN in coming weeks or so.....

last time i made some money and re-entered @ 100-102 region expecting for 140+ this time around Very Happy

please this is not a buy/sell or hold recommendation.

please do your home work before buying/selling.

TAH

You sold your DIMO is it?

14UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 7:38 pm

wgsaman

wgsaman
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I think DIMO is better than UML

15UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 8:29 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@slstock wrote:
@traderathome wrote:i am holding uml...it will have some nice run when things go GREEN in coming weeks or so.....

last time i made some money and re-entered @ 100-102 region expecting for 140+ this time around Very Happy

please this is not a buy/sell or hold recommendation.

please do your home work before buying/selling.

TAH

You sold your DIMO is it?
bought @595 and yes i sold all closer to 800 Very Happy & re-bought @ 775. also i bought UML. earlier lot of UML bought @88 sold as well.

Very Happy

TAH

16UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 8:32 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@wgsaman wrote:I think DIMO is better than UML
imo both are very good.... Cool can expect another reasonable RUN.... Razz

@Slstock - CMP of Dimo is good if you can enter 700 that would be deffa bounce

rabbit

TAH

17UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 8:55 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Actually DIMO is a share I made a wrong judgement in medium term to not exit fully at Rs 1900. I had Massive ( well over 100%) profit when it ran to Rs 1900 but I did not exit fully and bought some more around Rs 1400 when it came down. It never ran to full potential for Rs 270 eps company ( worth to me atleast Rs 2000 then ) when other weaker no fundamental shares ran to Rs 3000 to Rs 10000 due to clear manipulative pushes. DIMO was very unlucky. Then it got caught at ASI peak downtrend and Vehicle tax issue this year to beat it to ground ( Near 2010 prices) .


In any case I did buy more DIMO at Rs 500+ and sold the excess bought at Rs 770-800. So my average is very much less now and any hopeful further run will put my remaining shares in green.


I still believe DIMO and UML are the 2 strongest playes in the sectors as metntioned in this post.





@traderathome wrote:
@wgsaman wrote:I think DIMO is better than UML
imo both are very good.... Cool can expect another reasonable RUN.... Razz

@Slstock - CMP of Dimo is good if you can enter 700 that would be deffa bounce

rabbit

TAH

18UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 8:58 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@slstock wrote:Actually DIMO is a share I made a wrong judgement in medium term to not exit fully at Rs 1900. I had Massive ( well over 100%) profit when it ran to Rs 1900 but I did not exit fully and bought some more around Rs 1400 when it came down. It never ran to full potential for Rs 270 eps company ( worth to me atleast Rs 2000 then ) when other weaker no fundamental shares ran to Rs 3000 to Rs 10000 due to clear manipulative pushes. DIMO was very unlucky. Then it got caught at ASI peak downtrend and Vehicle tax issue this year to beat it to ground ( Near 2010 prices) .


In any case I did buy more DIMO at Rs 500+ and sold the excess bought at Rs 770-800. So my average is very much less now and any hopeful further run will put my remaining shares in green.


I still believe DIMO and UML are the 2 strongest players in the sectors as mentioned in this post. Their gross profits are even higher than last year. Other overhead costs killed profit last quarter ( DIMO). Lets wait and see what happens .





@traderathome wrote:
@wgsaman wrote:I think DIMO is better than UML
imo both are very good.... Cool can expect another reasonable RUN.... Razz

@Slstock - CMP of Dimo is good if you can enter 700 that would be deffa bounce

rabbit

TAH

19UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 9:01 pm

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
has to do another run both are money makers.....1000+ min ....for DIMO

since i am holding dont think i am promoting....but i am giving my opinion on near term target....this run will go with bfl....

got stuck @ 183/- i was looking for 215+ tgt on BFL now in minus @ 158/-

145ish is a very good re-entry...

TAH



Last edited by traderathome on Sat Oct 20, 2012 9:03 pm; edited 1 time in total

20UML is it good? Empty Re: UML is it good? Sat Oct 20, 2012 9:03 pm

kuk83

kuk83
Manager - Equity Analytics
Manager - Equity Analytics
Thanx all for the valuable contribution including senior members.Really it is a nice discussion. Time ll tell us what exactly going to happen.

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