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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Glass over value?

Glass over value?

+3
Sarabulathwita
windi5
stockback
7 posters

Go down  Message [Page 1 of 1]

1Glass over value? Empty Glass over value? Sun Aug 31, 2014 8:49 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I feel glass bit over value at this moment.

Annualized EPS 0.36
NAPS around 3.5

Market price 4.0

please give me your ideas.

2Glass over value? Empty Re: Glass over value? Sun Aug 31, 2014 9:31 pm

windi5

windi5
Moderator
Moderator

I feel the same.poor perfomance in last quater.few moths ago ppl talked about winding up their bussines in SL.

3Glass over value? Empty Re: Glass over value? Sun Aug 31, 2014 10:37 pm

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics

That is why price came down drastically. Directors have collected among other investors. I think they are not going make any discontinuation of business as they are profit making under valued.  

NAV is NOT 3.5 it is 3.83
( mara rounding up kerilla)

http://www.cse.lk/cmt/upload_report_file/666_1405416199307.pdf

THIS IS A WILLFUL MISLED

You are a irresponsible manager not only here may be in your office who makes comments without real facts in hand. You have no excuse for this I guess. I kindly request you not to post false information on this site. There is no fools in this forum just by looking at once post, take the decision on the investment i e sell or even by looking at once poor post.

If you were unable to collect at 3.5, it is your fault

Budu sarani and Jesu pihitai



Last edited by Sarabulathwita on Sun Aug 31, 2014 10:46 pm; edited 3 times in total (Reason for editing : grammer)

4Glass over value? Empty Re: Glass over value? Sun Aug 31, 2014 11:21 pm

windi5

windi5
Moderator
Moderator

Poor perfomance last quater isnt it correct?. I can rem a discussion of winding up their operation here or delisting from cse. correct me if im wrong.

5Glass over value? Empty Re: Glass over value? Sun Aug 31, 2014 11:41 pm

stockback


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sarabulathwita wrote:That is why price came down drastically. Directors have collected among other investors. I think they are not going make any discontinuation of business as they are profit making under valued.  

NAV is NOT 3.5 it is 3.83
( mara rounding up kerilla)

http://www.cse.lk/cmt/upload_report_file/666_1405416199307.pdf

THIS IS A WILLFUL MISLED

You are a irresponsible manager not only here may be in your office who makes comments without real facts in hand. You have no excuse for this I guess. I kindly request you not to post false information on this site. There is no fools in this forum just by looking at once post, take the decision on the investment i e sell or even by looking at once poor post.

If you were unable to collect at 3.5, it is your fault

Budu sarani and Jesu pihitai

I have looked above 200 Reports. I forget that exact values. that why i use word Around

If some one want to invest please study before. we expect that.....

Sarabuthwita ---Can you mention Annualized EPS? (nikan hangala gahanna hadanna epa)

its around 0.36

According to this formula

= 0.4 * NAPS + 4*EPS + 5 * Dividend

=0.4 * 3.83 + 4*0.36 + 5*0.38

=4.872

But Problem is Dividend for next year. if Glass perform this way we cannot expect more-than 0.20

According to that value 3.972

I think Glass will be Range between 3.5-4.0

if they can produce positive news then we can expect something.

I know manipulators can put price into unrealistic.

I will collect this share below 3.0. if they perform this way during next two quarters.

or if ASI drop 300 - 500 (at that ime we can collect this share below 3.0)

Gona saha thanakola katha kiyanna epa methana.
sometime what we see you didn't see. and also what you see we didn't see


Investment is not a Casino


6Glass over value? Empty Re: Glass over value? Mon Sep 01, 2014 1:11 am

Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Better to look another 2 or 3 qurters before entet.

7Glass over value? Empty Re: Glass over value? Mon Sep 01, 2014 1:51 am

g@ii


Equity Analytic
Equity Analytic

NAPS is around 3.5 (3.83 -0.38 (dividends) + profits for 2 months). Performance is purely liked with LKR/INR exchange rate.

I don't think we can buy this below 3 unless index comes down by 2000 points..

8Glass over value? Empty Re: Glass over value? Mon Sep 01, 2014 9:31 am

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics

g@ii wrote:NAPS is around 3.5 (3.83 -0.38 (dividends) + profits for 2 months). Performance is purely liked with LKR/INR exchange rate.

I don't think we can buy this below 3 unless index comes down by 2000 points..

agreed.

EPS (or PER Multiple) based valuation is not the only mode of valuation. I think stockback should refresh the fundamentals of finance.

I dont understand why he particularly stresses the forum participant about this stock. See the first comment. What is the motive???????. Collection???????

I dont want to argue and fall into a 3rd class level

Keep going, you are correct dear stockback:bball:

9Glass over value? Empty Re: Glass over value? Mon Sep 01, 2014 1:03 pm

ASjay

ASjay
Stock Analytic
Stock Analytic

GLAS is not overvalued. In fact, it’s undervalued in the current Price Level of Rs. 4.00
Last Quarter EPS is Rs. 0.09, though it’s lower than June 2013 Quarter EPS of 0.38 you have to take into account that June 2013 there was an “profit on disposal of investment property” 296 Million. if you take that out June 2013 EPS is Rs. 0.07.

Therefor June 2014 EPS of 0.09 is an improvement of 28.5% above June 2013. With a Book Value of Rs. 3.83 and with 12 Month High of 5.50, Think this is one of the undervalued stocks in the Manufacturing Sector.

Since we are looking at 3-year highs in the Market, I believe this will be a good Buy.

(Disclaimer: I have purchased this stock at 3.60-3.70 level and my exit target price is 5.00)

10Glass over value? Empty Re: Glass over value? Thu Oct 02, 2014 5:36 pm

PROPRITER

PROPRITER
Equity Analytic
Equity Analytic

lol! lol! lol!
Sarabulathwita wrote:That is why price came down drastically. Directors have collected among other investors. I think they are not going make any discontinuation of business as they are profit making under valued.  

NAV is NOT 3.5 it is 3.83
( mara rounding up kerilla)

http://www.cse.lk/cmt/upload_report_file/666_1405416199307.pdf

THIS IS A WILLFUL MISLED

You are a irresponsible manager not only here may be in your office who makes comments without real facts in hand. You have no excuse for this I guess. I kindly request you not to post false information on this site. There is no fools in this forum just by looking at once post, take the decision on the investment i e sell or even by looking at once poor post.

If you were unable to collect at 3.5, it is your fault

Budu sarani and Jesu pihitai

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