dilshangac wrote:Eranga87 wrote:Mithooshan wrote:dilshangac wrote:Mithooshan wrote:dilshangac wrote:I recommended between 4/- 5/- for collections. But Current price is not recommend to enter for GLAS. It's pretty over valued now. You need to switch at the right time otherwise you will loose.
@dilshangac it will be helpful if you could show how you derived at the over valuation for the members of the forum ?
This will help them make an informed decision. Thanks.
Edit:
P/E ratio - 15 (Based on Investing.com)
Last quarter EPS - 0.38 (Based on interim F/S)
Estimated Annual EPS (Conservative Estimate) - 0.98 (-0.05+0.38+(0.30*2))
Then Market Price - 14.70 (0.98*15)
Based on my valuation minimum Market Price of RS.14 is very much justifiable if they can sustain the EPS.
Source
Interim Financial Statement -
https://cdn.cse.lk/cmt/upload_report_file/666_1602584613462.pdf
Investing.com -
https://m.investing.com/equities/piramal-glass-ceylon
RAL is more powerful than this. You can Compare
If the share is fundamentally good. Tell what is good in RAL. Why do you need to take GLAS to highlight RAL. It is ugly. No offense to anyone. My personal view only.
(Even if i amend the P/E for 10, still a market price of RS.10 is Very very much Justifiable and Glass had traded @11 before with a price multiple of 18 in the year 2011, Can view the link for verification)
I see few others demoting Expo to promote other shares. If a share is good please make a valid argument rather than downgrading other shares to put off your frustrations. That is really not professional ladies and gentlemen.
Link - https://cdn.cse.lk/cmt/upload_report_file/666_1594891756017.pdf
@dilshangac,
CHECK RAL dividend paid amount in the last 5 years. most of the years, they didn't pay anything. RAL only paid RS. 0.36CENTS per share for the last 5 years.
GLAS paid dividend Rs.1.20per share in the last 5 years.
both divided and capital gain can be get via GLAS rather than RAL.
Now, you determined which is the best one from the investor perspective. now which are powerful.
Look at the today closing prices of RAL and GLAS. I tried to point out the RAL has more potential to move up than the GLAS against to the current trading prices of those two. GLAS is closed in 7.20/- but RAL closed at 5.90/- so you have more than 15% gap if you go with RAL. Anyway I don't want to downgrade the GLAS. It's a good share but you guys can try. We have many options. Chances are there.
GLAS has so many reasonable reasons to potentially move up. I proved that which is the best one by taking financial figures. no argument, you can check my figures. you have no evidence explain which are the best things. here, you noted just your opinion. I wondering about your earlier statement "RAL is powerful than GLAS". I never going to downgrade any share even loss-making companies. I think you have the ability to understand both GLAS and RAL financial statements and check past year summary also. I analyzed GLAS with potential improvements, new product development, And stake owner changes. if you have a problem today uploaded impressive quarterly financial statements, please explain us.