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Message [Page 1 of 1]
Today also green. Fri Jan 10, 2014 6:27 pm
Re: Today also green. Fri Jan 10, 2014 7:51 pm
Re: Today also green. Fri Jan 10, 2014 7:58 pm
There is an old market adage: "A rising tide lifts all boats", which implies that all shares will rise in a strong market. (Incidentally the expression is often attributed to the legendary investor Warren Buffett but it actually originates from John F Kennedy, who used the saying to describe general economic upswings.)@dhanurrox wrote:We waited for the bull run,Every share will have it's time.Be patient without complaining.
Re: Today also green. Fri Jan 10, 2014 8:40 pm
Now tell me exit price for CIT Re: Today also green. Fri Jan 10, 2014 8:57 pmI don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back
you are the master in cit and cfi ne
Re: Today also green. Fri Jan 10, 2014 10:02 pm@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Re: Today also green. Fri Jan 10, 2014 11:54 pm
Re: Today also green. Sat Jan 18, 2014 8:01 am@The Alchemist wrote:@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Taking into consideration past price performance between CIT / CFI & CFLB (during 2010-2012), the NAV of CIT/CFI and the intrinsic discount it trades to its NAV, CIT should trade minimum 5 times CFLB Price and CFI should trade Rs 15-20 below CIT price. also remember this formula steeply discounts the CIT/CFI Market Price to NAV proposition.
As CIT is below the threshold 20 % Free Float requirement, one way to overcome this may be to merge with CFI by offering (new) CIT shares to the existing minority CFI shareholders, as it owns over 40 % in CFI as of now. (I have not done the math on this one yet - just a hunch as it would be killing two birds with one stone - free float requirement and merger making sense as we discussed earlier).
Re: Today also green. Sat Jan 18, 2014 5:36 pm@mark wrote:@The Alchemist wrote:@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Taking into consideration past price performance between CIT / CFI & CFLB (during 2010-2012), the NAV of CIT/CFI and the intrinsic discount it trades to its NAV, CIT should trade minimum 5 times CFLB Price and CFI should trade Rs 15-20 below CIT price. also remember this formula steeply discounts the CIT/CFI Market Price to NAV proposition.
As CIT is below the threshold 20 % Free Float requirement, one way to overcome this may be to merge with CFI by offering (new) CIT shares to the existing minority CFI shareholders, as it owns over 40 % in CFI as of now. (I have not done the math on this one yet - just a hunch as it would be killing two birds with one stone - free float requirement and merger making sense as we discussed earlier).
Thanks sooo much dear anto and alchemist
Yet no move in CIT or CFI even CFLB moved from 27 to 31.50. Seems someone on the selling.
@anto- i also have CIT at avg 101, ill wait for another week and sell off if not make a move.
Re: Today also green. Sat Jan 18, 2014 6:20 pm
@Backstage wrote:@mark wrote:@The Alchemist wrote:@Antonym wrote:I don't have any CFI, machang... Still holding on to CIT and hoping for the best!@mark wrote:hurray anto is back
you are the master in cit and cfi ne
The fortunes of CIT are linked to the performance of CFLB & others. My average cost is Rs 164 and I would be happy to hold on until it gets back above that level. (Also see The Alchemist's recent post regarding CIT & CFI.) The prevailing lowered interest rates should help the CFLB group, which has a fairly high debt level.
Taking into consideration past price performance between CIT / CFI & CFLB (during 2010-2012), the NAV of CIT/CFI and the intrinsic discount it trades to its NAV, CIT should trade minimum 5 times CFLB Price and CFI should trade Rs 15-20 below CIT price. also remember this formula steeply discounts the CIT/CFI Market Price to NAV proposition.
As CIT is below the threshold 20 % Free Float requirement, one way to overcome this may be to merge with CFI by offering (new) CIT shares to the existing minority CFI shareholders, as it owns over 40 % in CFI as of now. (I have not done the math on this one yet - just a hunch as it would be killing two birds with one stone - free float requirement and merger making sense as we discussed earlier).
Thanks sooo much dear anto and alchemist
Yet no move in CIT or CFI even CFLB moved from 27 to 31.50. Seems someone on the selling.
@anto- i also have CIT at avg 101, ill wait for another week and sell off if not make a move.
Mark CIT at 101 av is great. If you can hold for a couple of years ,you could get 400 to 500 %. Its that type of a share.
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