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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » WHY STILL CFVF NOT MOVING??????

WHY STILL CFVF NOT MOVING??????

+3
KavinduTM
Promoney
hanuma
7 posters

Go down  Message [Page 1 of 1]

1WHY STILL CFVF NOT MOVING?????? Empty WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 6:45 am

hanuma


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Any reason????

2WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 6:48 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
CFVF will move with the implementation of Ajith Nivard Cabraals new proposal for foreign bond investors. The proposal will enable Foreigners to hedge forex risk when entering the Rupee bond market

judecroos likes this post

3WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 7:35 am

KavinduTM

KavinduTM
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@hanuma wrote:Any reason????

Because it came to 60 from 20.

desh87 likes this post

4WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 9:38 am

Champ888


Manager - Equity Analytics
Manager - Equity Analytics
True.  It has very high value now.

5WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 10:01 am

ErangaDS

ErangaDS
Manager - Equity Analytics
Manager - Equity Analytics
@Champ888 wrote:True.  It has very high value now.

For some shares which are 52weeks high / All time high doesn’t means they are overvalued (EX- DIPPED, HAYC, SOY, CTEA, CFVF)

6WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 10:31 am

Promoney


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Yields have gone down further so far in the Sep quarter. With the implementation of Cabraals forex risk hedging proposal, they may go down further, which will make another profitable quarter for CFVF

dayandacool and ErangaDS like this post

7WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 10:36 am

dayandacool

dayandacool
Moderator
Moderator
We see some conditions in the market which had never existed before. Due to these reasons, we cannot come to a conclusion whether a certain stock is over valued or under valued. Therefore it's not wise to come to conclusions based on 52 week high prices. For example, Due to covid situation which had never existed in our life time, Dipped products has a massive market for their products hence the boom in price and there is no benchmark for such value appreciations. Same goes on with CFVF. we are witnessing the lowest interest rates in decades and those who know how the bond market works will have a fair knowledge as to why the price of CFVF has appreciated in a massive way. Like i said, one can never put a value on these price appreciations as these have never been witnessed before. For their financials, they reported an entire years profit in one quarter alone. Q3 will be the most profitable to date when it comes to CFVF because IR fell to all time lows during Q3 and therefore appreciation of CFVF could continue as witnessed by increasing volumes. High likelihood of a handsome Dividend (which is a norm for CFVF unlike many other shares) too could keep this above 60 and might even touch 70 in MT

Only my view and no recommendation.
DISC: Holding

ErangaDS likes this post

8WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 10:51 am

desh87


Manager - Equity Analytics
Manager - Equity Analytics
Where else do you want this to move? To the moon?

9WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 10:58 am

dayandacool

dayandacool
Moderator
Moderator
@desh87 wrote:Where else do you want this to move? To the moon?

Read Benjamin Graham and you will realize there is nothing call highest price or lowest price for a share!!! Wink

10WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 11:05 am

desh87


Manager - Equity Analytics
Manager - Equity Analytics
@dayandacool wrote:
@desh87 wrote:Where else do you want this to move? To the moon?

Read Benjamin Graham and you will realize there is nothing call highest price or lowest price for a share!!! Wink

Lowest price a share can go is zero. I think you need to read again.

11WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 11:07 am

dayandacool

dayandacool
Moderator
Moderator
@desh87 wrote:
@dayandacool wrote:
@desh87 wrote:Where else do you want this to move? To the moon?

Read Benjamin Graham and you will realize there is nothing call highest price or lowest price for a share!!! Wink

Lowest price a share can go is zero. I think you need to read again.
 A share will never trade at zero. Read again!!!

12WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 11:12 am

desh87


Manager - Equity Analytics
Manager - Equity Analytics
@dayandacool wrote:
@desh87 wrote:
@dayandacool wrote:
@desh87 wrote:Where else do you want this to move? To the moon?

Read Benjamin Graham and you will realize there is nothing call highest price or lowest price for a share!!! Wink

Lowest price a share can go is zero. I think you need to read again.
 A share will never trade at zero. Read again!!!

Who said trade?

13WHY STILL CFVF NOT MOVING?????? Empty Re: WHY STILL CFVF NOT MOVING?????? Wed Sep 16, 2020 11:14 am

dayandacool

dayandacool
Moderator
Moderator
@desh87 wrote:
@dayandacool wrote:
@desh87 wrote:
@dayandacool wrote:
@desh87 wrote:Where else do you want this to move? To the moon?

Read Benjamin Graham and you will realize there is nothing call highest price or lowest price for a share!!! Wink

Lowest price a share can go is zero. I think you need to read again.
 A share will never trade at zero. Read again!!!

Who said trade?
 When you offer a price (highest or lowest), it is for trading meaning for a buy or for a sell. Hope it's clear!!!

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