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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Can't hold it's ground CDB.....

Can't hold it's ground CDB.....

Go down  Message [Page 1 of 1]

1Can't hold it's ground CDB..... Empty Can't hold it's ground CDB..... Wed Jun 12, 2013 5:52 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Guys,

Having declared a good dividend of 2.75 , why CDB can't hold it's ground???
Yes CDB ran from 44 level to 54. But even before the XD date it is coming down. Is it a signal for the entire market where it is heading???

2Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 5:55 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
I think the big volume will be traded  around Rs  60-65.
Right now it seems no body want to selll in big numbers and nobody want to buy also. ( there was 90000 share sale yesterday. Could  be the person who collect at Rs 42)

3Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 6:06 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@Leon wrote:Guys,
Is it a signal for the entire market where it is heading?
If you notice the 52 weeks High / Low ratio and Number of companies price increase and decrease for the day, we can come to a conclusion where the market trending towards.

4Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 6:16 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Redbulls wrote:
@Leon wrote:Guys,
Is it a signal for the entire market where it is heading?


If you notice the 52 weeks High / Low ratio and Number of companies price increase and decrease for the day, we can come to a conclusion where the market trending towards.

Well trends can be differentiated short term vs longer term.


"It's not always easy to do what's not popular, but that's where you make your money. Buy stocks that look bad to less careful investors and hang on until their real value is recognized."\
John neff

5Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 9:59 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@slstock wrote:I think the big volume will be traded  around Rs  60-65.
Right now it seems no body want to selll in big numbers and nobody want to buy also. ( there was 90000 share sale yesterday. Could  be the person who collect at Rs 42)

Slstock, This CDB is very illiquid. Why is it?? For the last 12 months only once there was a movement of 100K.(If my memory is right)

6Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 10:02 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
i like to consider CDB share.

7Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 10:08 pm

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote:i like to consider CDB share.


I thought already you are in...

8Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 10:11 pm

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
no.
Just now analyzing CDB'S Annual , Quarter results.
it gives Big Dividend  

9Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 10:33 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@Leon wrote:
@slstock wrote:I think the big volume will be traded  around Rs  60-65.
Right now it seems no body want to selll in big numbers and nobody want to buy also. ( there was 90000 share sale yesterday. Could  be the person who collect at Rs 42)



Slstock, This CDB is very illiquid. Why is it?? For the last 12 months only once there was a movement of 100K.(If my memory is right)


Leon,

To understand CDB movements, one might need to consider history. 


1) During the great fall in 2012, CDB almost had a free fall from around Rs 65-40+. There was not much volume
2) The real volume came for CDB after around Rs 65 when it ran to Rs 100.  Then there was right issue at Rs 70. Again big volume came Rs 80-70.

So if history is considered there might lot of people who bought between Rs 65-100.
Presently the people who sell are the people who might have bought from Rs 30-40 but the people who know value  o holding at  higher prices won't sell yet.


 
I get a feeling, if CDB runs a bit more, before dividend ( and market is positive then) it can trade between Rs 60-65 before a sell off, 

Also CDB.X was more attractive for the dividend and more illiquid. Foeigner went after CDB.X in Rs 28-30.  It ran from rs 30-40 while N ran from RS 42-50+ . As I mentioned in another post there is a short term mismatch with X and N

With time to come ( longer term) N might get corrected


People,

These is strictly my interpretation which can  be very wrong, Please don't jump and buy or Sell CDB  based on this.

Psoitivesly leaving a side the lethargic trading on CDB,  it is still NAV 55 share with eps of 10 and little gold exposure.  Also a dividend ofRs 2.75.

I hold CDB so I may be biased.

10Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 10:50 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Also if this selling  continues for few more days Rs 46+ is on the cards.

11Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 11:06 pm

anu

anu
Manager - Equity Analytics
Manager - Equity Analytics
Short term strategy will not work with this share. There are many days even without a single CDB N or X being traded.  Mid term share for value investors.

12Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Wed Jun 12, 2013 11:22 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
From my limited understanding the CDB ESOP is slightly different in that it is a real ESOP ..... very similar to SAMP ESOP 

There will be an endless selling pressure when the employees start selling out....not bothered to check on quantity Wink

CDB may transfer some shares at crap prices

13Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Thu Jun 13, 2013 5:15 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
@rainmaker wrote:From my limited understanding the CDB ESOP is slightly different in that it is a real ESOP ..... very similar to SAMP ESOP 

There will be an endless selling pressure when the employees start selling out....not bothered to check on quantity Wink

CDB may transfer some shares at crap prices



where are you getting this info. Are you trying to panic people


From Annual report

1. There were no shares issued to the Employee Share Ownership Schemes during the Financial year 2012/13
2. There were no shares issued to the Employees from the Employee Share Ownership Schemes during the Financial year 2012/13
3. The company or any of its subsidiaries have not directly or indirectly provided funds to the Employee Share Ownership schemes during the Financial year 2012/13.


If you are speculating on CDB ESOP Trust Fund (Private) Limited
Where on earth does it say that employees will sell there shares at this stage at these prices?

14Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Thu Jun 13, 2013 7:44 am

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
another no ball ?

15Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Thu Jun 13, 2013 8:16 am

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CDB has not issued a single share so far under ESOP. Simply they dont have ESOP concept at all.

Just go to CSE website and check all announcements, you will not find any announcement regarding ESOP from the day they were listed in CSE.

16Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Thu Jun 13, 2013 8:55 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
You are true malanp

17Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Thu Jun 13, 2013 9:19 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Oopppsss...

it was based on ....... "limited understanding.........."

so it may be the reasons...... Wink

18Can't hold it's ground CDB..... Empty Re: Can't hold it's ground CDB..... Thu Jun 13, 2013 2:01 pm

Aubrey Perera


Vice President - Equity Analytics
Vice President - Equity Analytics
Sl Stock great advice regarding CDB ...hats off for saying that you might be biased and "These is strictly my interpretation which can  be very wrong, Please don't jump and buy or Sell CDB  based on this. " 


Well Done !!! if Only everyone posted like this. Honesty is the best attribute any person can have and this world would be a better place .


All the best. 

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