PIRAMAL GLASS CEYLON PLC (GLAS.N0000)

invest thinker wrote:next resistance level 8, break and fly far away..

Mithooshan wrote:Congratulations !! Really Happy for everyone !
Good Luck !

@Eranga87 - You are the one who started a productive conversation for GLAS. If not for you i, myself and many others wouldn’t have done known or done our own analysis. Thank you for your kindness.

DamithAsian

cseguide wrote:

I am very positive with GLAS latest financial statement and its new prospectus with current Economic and social conditions.

Last quarter it has given a Rs 0 .38 earning per quarter even in a very difficult period. So my fair projection of earning for 2020 is  RS 1.2 to 1.5. with that earning GLAS can trade a price between 12--15. The last price traded is RS 7 So the price can easily trade 10 RS sort to mid term. Since the share value is low (RS 7)  every 1 RS price appreciation you will get 14 % profit gain. Therefore If you want to exit the share in some point still within sort term you can get handful of return.

But in long term I think  GLAS will not be a penny stock no more. with pandemic situation Glass has more demand for healthy bottle packaging for export market and in addition to that government has stated that certain packages will be banned fro January 2021 and instead of those Glass packages should be replaced. I will publish that news below as second post below. with all those improvements this year we can expect 1.2 to 1.5 EPS and next year it will exceed 2 EPS. for the current year we can expect 50 to 60 cents as dividend. In year 2011 this has been traded above RS11.  

In addition to this there was some news this company to be sold in future. If that happens investors has much room for getting higher price. In that aspect MAsterD has given his valuation in separate post and according to  his valuation the lowest values he has given is RS 17.

Considering all these facts I think it is now time to wear GLAS every body.

cseguide wrote:

cseguide wrote:

I am very positive with GLAS latest financial statement and its new prospectus with current Economic and social conditions.

Last quarter it has given a Rs 0 .38 earning per quarter even in a very difficult period. So my fair projection of earning for 2020 is  RS 1.2 to 1.5. with that earning GLAS can trade a price between 12--15. The last price traded is RS 7 So the price can easily trade 10 RS sort to mid term. Since the share value is low (RS 7)  every 1 RS price appreciation you will get 14 % profit gain. Therefore If you want to exit the share in some point still within sort term you can get handful of return.

But in long term I think  GLAS will not be a penny stock no more. with pandemic situation Glass has more demand for healthy bottle packaging for export market and in addition to that government has stated that certain packages will be banned fro January 2021 and instead of those Glass packages should be replaced. I will publish that news below as second post below. with all those improvements this year we can expect 1.2 to 1.5 EPS and next year it will exceed 2 EPS. for the current year we can expect 50 to 60 cents as dividend. In year 2011 this has been traded above RS11.  

In addition to this there was some news this company to be sold in future. If that happens investors has much room for getting higher price. In that aspect MAsterD has given his valuation in separate post and according to  his valuation the lowest values he has given is RS 17.

Considering all these facts I think it is now time to wear GLAS every body.

As we discussed deeply today it started its journey. Today heavy buying witnessed. Good luck to all. Happy trading:D