NAV in Dec 2015 was Rs 15.41.( NAV in Sep 2015 was Rs 39.57)
Its quarterly earnings and revenue are down in Dec 2015 comparing in 2014 Dec.
Also they are paying dividends as well. Think about the NAV on XD!!!!
Economic conditions are not good also. Ex- interest rates hike.....etc...
Controversial production in the market
My opinion
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Guys exit as quick as possible.
It will reach very very low without doubt....... I don't want to guess how much it will reach. Also ASPI level then??????
I think this is the bad situation for CTC and its future.
If things happen as I told, then it is the diagnostic results of cancer for the Srilanka's economy. Very very bad idea was taken by the finance minister. He tried to solve something but ended something. It seems to be having inexperienced advisors in Srilanka for finance minister. If anyone knew about this s then no one would make biggest mistake like this.