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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Need advice on PAP, which was bought @ 7.90

Need advice on PAP, which was bought @ 7.90

Go down  Message [Page 1 of 1]

acheboy_sit


Senior Equity Analytic
Senior Equity Analytic
I have PAP shares bought @ 7.90 Rs....about 2 years ago... So its a headeache for me....Should i sell it with loss and invest in another valuable share or average with current price level.....................



Last edited by Monster on Thu May 16, 2013 12:43 pm; edited 1 time in total (Reason for editing : Shorten the title)

Bond


Manager - Equity Analytics
Manager - Equity Analytics
Anyone with maths knowledge knows the law of Average requires a huge quantity. This time you need a very large quantity to break even.

Sell like CF Ruffer for a loss and buy HNB.X

acheboy_sit


Senior Equity Analytic
Senior Equity Analytic
thanx bond for your comment...

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Why are you writing the entire message as title. Try to maintain the title as much as short.

acheboy_sit


Senior Equity Analytic
Senior Equity Analytic
was a mistake................

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
@ bond,

i am a big fan of HNB
But, i doubt Govt institutions role in HNB , especially the Chairperson

can you tell me why you recommend HNB X
yes, its valuation are attractive ( even the discount is large)

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Unfortunately you have purchased when there was a "pump & dump" game happened some time ago.

Fundamentally it doesn't worth at 7.90. I don't think you can recover from this loss near future, unless someone try to play another "pump & dump" game.

Be careful when you are chasing a rally. Someone's baby will be in your hand. As a practice, I never chase a rally, if I feel it doesn't have any fundamental value.

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Definitely you have to sell PAP. There is no rational reason to appreciate PAP to 7.90. If you are thinking to average, you have to bring the price at least to 3.50 levels.

Can you do that?

If not study some undervalued and beaten down stocks (stocks that didn’t appreciate much) and buy 2-3 stocks from that money. Don’t sell entire lot of PAP at once. Divide it to 4-5 lots and buy your selected stocks gradually.

HNB.X is a good suggestion. VONE, PLC, AEL also not bad at the moment.

I can’t recommend my pet stock to you since my bought price is much below.

Most importantly, don’t do that mistake again.

I can imagine how many times you gave regard DJ’s mother.
lol!

9Need advice on PAP, which was bought @ 7.90 Empty PAP................ Wed May 29, 2013 10:49 am

acheboy_sit


Senior Equity Analytic
Senior Equity Analytic
A HUGE COLLECTION OF PAP IS GOING ON.............I HAVE 5000 SHARES BOUGHT @ 7.90
WONDER WHETHER AVERAGE OR SELL..
HOPE EXPERT ADVICES...............

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
It is unlikely that you can average it to be below 3, and further that would be a futile effort too (and if I am in your shoes, I would invest that amount elsewhere, on a better performer).
Suggest to wait till the expected Mandatory offer (if) to come and then get rid of it with loses and wash your hands off.
Good luck. Very Happy

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