CIFL may again go beyond as the collectors at 10 -11 still having bid quantities ..
Experts and friends please share your thoughts what will happen ??
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sanju351 wrote:CIFL-BIL-LOFC-BIL - Trading below their PBV and NAV ..I feel they might run with around .50 to 1 LKR ..
CIFL may again go beyond as the collectors at 10 -11 still having bid quantities ..
Experts and friends please share your thoughts what will happen ??
rainmaker wrote:CIFL is struggling ....
LOFC is ok but the share was split was so excessive to ensure that small changes in the stock resulted in massive market cap changes...
Noted. have to re work my pfrainmaker wrote:That's true. But the difference between LOFC and others is that LOFC is a cash cow and others aren't. LOFC has a profitable loan book.
What I was trying to say is that as of recently a lot of businessman like to have cheap shares in massive quantity.... hence ordinary can afford it and speculate on it. Since a lot of shares are on issue, a small change in the share price has a big impact on the market cap.
FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » CIFL - LOFC -BIL - CLC - What will happen with the Banking stock run ..
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