However we can get many bull factors from quarterly reports and annual reports.
Once we read quarterly reports we can become bullish, bearish or extremely bullish.
We can become extremely bullish by reading almost every quarterly reports of BFL now.
I think we will have more gems in the market in the coming quarters including some attractive IPOS.
We can expect one of the strongest balance sheets from BFL in the coming years.
Factors to watch:
New production from their new BOI tax free farm will start from April 2011.
They are going to invest in new farms almost every year while declaring higher dividend in the future. They are hoping to expand their business further if situations arise. Policy makers are expecting over 2.6 million tourists in the future
They are in a position to declare bonus shares as well in the future
What about their strong cash flow and less debt. If they want they can wipe out all their debts by next quarter if they really want. However I think they will make use of low interest environment to expand their business further utiliziirng some productive loans.
They have almost all the attractive financial ratios now. Their ROE is very very high.
Other extremely bull factors related BFL including bull factors in their financial reports
In short it should trade around Rs.800 now.
Pl do more study.
Last edited by Quibit on Thu Feb 03, 2011 11:36 am; edited 1 time in total (Reason for editing : format condensed)