Thanks for any advise.
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@knockknobbler wrote:no idea to tell, whether it is good share to buy or not.
surely, you must be having some good reasons ,to see these are undervalued.
If you mention those, probably others (including myself) may be able to comment on the basis of judgement.
@Jana1 wrote:@knockknobbler wrote:no idea to tell, whether it is good share to buy or not.
surely, you must be having some good reasons ,to see these are undervalued.
If you mention those, probably others (including myself) may be able to comment on the basis of judgement.
To identify undervalue counter, you only need to see FS and its sector. Not need other people comments over which others evaluate ..
@awije
For me this is a one of best counters at CSE. I mean fundamentally, as per its sector valuation and future prospect. Still this is investment holding but sooner it will be changed as diversified holdings. Then only people will chase...
@Jana1 wrote:@knockknobbler wrote:
@awije
For me this is a one of best counters at CSE. I mean fundamentally, as per its sector valuation and future prospect. Still this is investment holding but sooner it will be changed as diversified holdings. Then only people will chase...
Good point.
Some persons who trade on the CSE are merely chasing rainbows, hoping to make a quick buck. Their investment horizon is typically short term. To answer your question: Yes, some of them are immature and fickle-minded.@knockknobbler wrote:
Do SEC investors that immature ?
@Kumar wrote:@Jana1 wrote:@knockknobbler wrote:
@awije
For me this is a one of best counters at CSE. I mean fundamentally, as per its sector valuation and future prospect. Still this is investment holding but sooner it will be changed as diversified holdings. Then only people will chase...
Good point.
Unable to understand the "Good Point " here.
How come , changing the sector classification by SEC ,will result in .. "Then only people will chase..."
I can understand some temporary bump. But will there be permanent upward price revision , just because change of categorization, without any change within the company ?
Do SEC investors that immature ?
@Antonym wrote:Some persons who trade on the CSE are merely chasing rainbows, hoping to make a quick buck. Their investment horizon is typically short term. To answer your question: Yes, some of them are immature and fickle-minded.@knockknobbler wrote:
Do SEC investors that immature ?
@Jana1 wrote:
To identify undervalue counter, you only need to see FS and its sector. Not need other people comments over which others evaluate ..
@awije
For me this is a one of best counters at CSE. I mean fundamentally, as per its sector valuation and future prospect. Still this is investment holding but sooner it will be changed as diversified holdings. Then only people will chase...
@awije wrote:@Jana1 wrote:
To identify undervalue counter, you only need to see FS and its sector. Not need other people comments over which others evaluate ..
@awije
For me this is a one of best counters at CSE. I mean fundamentally, as per its sector valuation and future prospect. Still this is investment holding but sooner it will be changed as diversified holdings. Then only people will chase...
Thank you Jana1, I am not an expert and takes me a lot of time to understand the FS but looking at RHL to me it seems to be trading at a discount when compare with the sector pe, nav, pbv also last quarter earnings are good. I wanted to see the reaction of others before buying. Thanks again.
@Jana1 wrote:
Have you ever read RHL Income statement? Do you know its NAVP of RHL? Have you noticed there Turnover increment due to acquisition of subsidiaries? Then come to the point.. Do any Diversified holdings trade at 60% of its NAVP share in Mainboard? Most of them are atleast 1.5 times of its NVAPs. You got to think about this. And also remember RHL platation exposure is almost null and very good export generator. So few Diri savi board diversified holdings which trade at low price cannot be a proxy for RHL.
If you say RHL price will improve because of company's performance ,strength ..I agree with you. But earlier you mentioned,
Still this is investment holding but sooner it will be changed as diversified holdings. Then only people will chase...
@ Kumar worte ...it is a good point ...And that's the point I commented.
Do you still believe that .........there be permanent upward price revision , just because change of categorization, without any change within the company ?
@knockknobbler wrote:@ Jana 1
You have taken lot of time and effort. Thanks very much.
As you have hoped , I am not a "big fish". However this type of company ( family held and managed, mostly trading, in stock investing) will not fit into my line of thinking. Any way the information disclosed, and your way of thinking would be helpful to anyone to look at this company, closely.
Actually my concern in this discussion,was on a different matter. As you have implied there is a possibility that the company would be transferred to "Diversified Holding " sector. It' like a big upgrading.
To what extent , that factor will affect the company share price ?
I am wondering ..... whether people will chase the share after that happens , and whether that's a rational decision.
@Jana1 wrote:@knockknobbler wrote:@ Jana 1
You have taken lot of time and effort. Thanks very much.
As you have hoped , I am not a "big fish". However this type of company ( family held and managed, mostly trading, in stock investing) will not fit into my line of thinking. Any way the information disclosed, and your way of thinking would be helpful to anyone to look at this company, closely.
Actually my concern in this discussion,was on a different matter. As you have implied there is a possibility that the company would be transferred to "Diversified Holding " sector. It' like a big upgrading.
To what extent , that factor will affect the company share price ?
I am wondering ..... whether people will chase the share after that happens , and whether that's a rational decision.
I am not sure why you keep away from family owned business. Few examples in cse Pestonjee family- Abans, Carson & buki-Selvanathan family, etc. are well manged companies.Only few worst from family owned but you can easily tag then from past records say Tess agro and East. Then why do u keep away from family owned? Just keep eye on good companies.
My concern about diversified is different. RHL is trading at low as that fall in investment trust. In cse investment trust means they invested their significant portion in cse and remaining as minority shareholders. whenever mkt is down its NAV price will slash. But for RHL case is different. They have controlling stake so they can report its subsidiaries' TO and portion of assets to their IS. The effect of mkt fluctuation is minimal. Still investors value this share as investment trust, so they value less but its instrict value is higher. When its sector changes from investment to diversified every1 will realise... Hope this will help uu...
Opportunities come disguised as ironies/anomalies sometimes.@The Alchemist wrote:
...How come Investment Trusts trade at a significant discount to their Intrinsic (asset) values whether it is a bull or bear market, whilst it is accepted that Diversified Holdings trade at sometimes many multiples of their Asset values and are evaluated more on their earnings (P/E)...
I find it ironic that CIT (an Investment Trust) NAV over 240 is trading at 100, and owns approx 18 % of CFLB (which is a Diversified Holding) and cannot equity account for CFLB earnings. But it would be ok for CFLB to trade at a premium to its asset value since its a Diversified Holding. Same with GUAR (NAV around 250, trading at 160) with 80% of portfolio consisting of BUKI, JKH & COMM bank, and BUKI & JKH which are Diversified Holdings trading over their book values!
@The Alchemist wrote:
Actually, Jana1 has bought up a very interesting point !
Firstly i cannot understand how Vone, FLCH & BIL are considered Diversified Holding Companies when RHL is considered an Investment Trust ?
............
Secondly, how come Investment Trusts trade at a significant discount to their Intrinsic (asset) values whether it is a bull or bear market, whilst it is accepted that Diversified Holdings trade at sometimes many multiples of their Asset values and are evaluated more on their earnings (p/e).
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