Pre covid closure this was trading at 40 rs. lock down made it fall to 20s so it's wrong to say the journey from 30 rs to 64 is purely a correction in price due to Covid.@Master D wrote:@dayandacool wrote:Q3 financials are not yet published. Did it?? I'm unaware and in CSE website it's not there yet.@Manisha De Alwis wrote:how come this counter is not appreciating with the impressive financials published?
If you are only talking about the previous Financials, then yes, price had already adjusted to those QRs. It had a journey from 30 rs to 64 rs.
30 to 64 was obvious for post Covid recovery after markets re opened. it gave a 5 rupee interim dividend too. Last year total dividend was 9 rupees.
Thats around 12% yield.
Last 6 months EPS 13/- annualized to 26/-
Can expect a big dividend at least 12-15 a share.
Price is not yet adjusted for last Q performance which is expected to do very well given Low interest rate env and they are mainly into bond trading. and equity investments.
There is a chance of CFVF not declaring any dividend for the time being as well for preserving cash under the circumstances. They had done it once in 2016 also having declared no dividends. But I could be wrong!!!
Nevertheless, Holding some CFVF