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invest thinker wrote:GLAS , CFVF, CRL, CLC
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absolutely!! what I can see here is everyone sharing their counters in the portfolioRJ1010 wrote:It will be good if everyone posting their choices to include why those shares are selected. At least briefly whether it’s fundamentally good or technically indicating a buy. Else we might end up with shares each one have in their portfolios and wants to promote.
Most would have shares they regret buying especially when someone buys at the wrong time at a higher level. They would want to promote those shares so that people will get enticed to buy and drive the price up so that those stuck in the share can sell.atdeane wrote:Maybe true. But then again..ff there are good shares(as they believe) most of those would be added to their portfolios as well.
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High-flyer wrote:invest thinker wrote:GLAS , CFVF, CRL, CLC
CFVF highly doubt with current economic condition.
Only hope is Pending Dividend. If they declare it should be a good one.
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Eranga87 wrote:GLAS
Reasons
1. new ownership changes
Blackstone is ultimate parent company. growing demand for glas products due to market developments in USA. able to come new investment and new technology. expand production capacity level fulfill market higher demand.
2. Market development
piramal glas continuously developing their market and try to maximize their market share. New Product Development and inroads into new markets such as Mexico, Angola and Indonesia, UK, Colombia, Netherlands etc. main export destination countries like Newzeland, Australia, Mexico, Angola, Indonesia, Colombia, Netherland, USA, East Africa, Kenya, UAE, Philippines, Maldives, UK, Mauritius worldwide.
3. Super growing glas industry
covid19 pandemic spreading. present market situation really support growth for glas products. researcher identified that,potential super growth in glas industry.
https://primefeed.in/news/5441669/glass-vial-for-vaccine-market-share-growth-forecast-global-industry-outlook-with-top-key-players-such-as-schott-agdwk-life-sciencesrichland-glassnipropacific-vial-manufacturingorigin-ltdstevan/
4. global Eco-friendly product
presently, most of countries ban single use plastic bags. Sri Lanka also ban plastic with effect from 01.01.2021. they change substitute product instead of plastic.
5. higher acquisition price
acquisition price is higher than market price. it provide guaranteed for prevalling market price. May be they will give mandatory offer or buy back shares increasing holding % rather than 56%. Everything going on beyond acquisition prices.
6. Market monopoly
Benefits from govt. policy on banning glass imports and encouraging domestic industries with assistance. Piramal glas is sole monopoly glas maker locally. No competitor. Still survival with super profits.
7. Utilization of local natural resources
Most of raw material scrutinize from Sri Lanka. GLAS mainly uses resources dolomite and silica which is being obtained locally (Naththandiya). govt. told that govt. will give benefit and incentive packages for local resources used by manufacturing companies.
8. Incentives for export orientate product
Govt. give incentives for export oriented business. Govt. budget were shoed so many proposal motivate this kind of business.
GLAS will perform well with superlative performance. potentially most valued share. it will trade beyond acquisition price level as soon. be hope higher dividend payout.cheers..
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abey wrote:EXPO HAYL CIC HASU LFIN BIL LLUB LALU
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vijay singh wrote:@Chathur
RIL : within 1 week director sold out RIL shares (appx. 4Mn shares). how can imagination RIL going up further. because, director knows turning point than us. I never believe RIL price appreciation. can hope selling pressure. director sold RS.9.50 and Rs. 9.00 each price level. last time, I saw few shares after director sold out , going down prices.
*think, before you jump.
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