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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » COMD - Is it worth to buy at this level?

COMD - Is it worth to buy at this level?

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1COMD - Is it worth to buy at this level? Empty COMD - Is it worth to buy at this level? Tue Jul 19, 2011 10:33 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
COMD start to move again.. any thing special reason???? will move further up again?? Today its went up to 113/= .. when we look its not fake movement.. more than 26500 shares traded today... it is also very illiquid stock .. not more much sellers are not there .. so it is possible to move quick.. will see...
Any comments guys

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hi guys!

Could you please tell me P/E ratio for the COMD ???

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ 105 MPS = PE stands at 18.5 based on historical earnings, if they have found some sort of Gold it should move up further otherwise I dont see any reason why it should go up. I feel that this is been manipulated, so if you are smart enough (love to get manipulated) you will be able to earn some quick bucks.

This is my personal opinion please obtain professional advice before making your investment decision.

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Tiger wrote: if they have found some sort of Gold it should move up further otherwise I dont see any reason why it should go up.

What is mean that ....?? Surprised Surprised

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Why do you think COMD deserves PE of 18+?
There business is renting out property to COMB which is at a fixed rent, also even if they revalue their property its not going to change fundermental value of the investment, it will be mere of reflection in books. If the business doesn't have real value creation to support share price, share will come down after it looses its steam. So when investors chase such shares there is a short term potential to earn but exit after you make money, don't keep for too long or exposure high.

If you interested in this counter check out some of the other similar counters in the same sector, probably that may be also interest you.

I had COMD in my PF and has already exit @ 135/- and didn't enter again.

Fresher


Moderator
Moderator
Well, i did not know about the company until some time back where there seemed to be a game going on. SO with my little portion which I kep aside for those high risk trades i entered in small amount a while back and have been monitoring the trades for some days.
I think it is the 2nd largest S/G (cos the sell order initially was for more than 47,000 shares) was desperately trying to sell his shares.
When price moved up, he moved the asked up and vice versa. He could have sold at 145+ hjad he wanted to instead hi order came even to 120s.
Unless the few buy orders we saw of 5k, 2k, 3k below the ask price were fake, he was trying to do something fishy

Even though he is 2nd, he only held 0.44% and is not large in the overall context. Still the share is illiquid and is showing signs to break three. (Once it almost did)
So, i am purely taking the risk and bought some and did not look at the fundamentals.

SAGA


Senior Equity Analytic
Senior Equity Analytic
Yes npp.Here in CSE we should take some risks.the truth oof the matter fact is that these days CSE is not moving on fundamentals and most of the shares run on manipulation.worth to take a risk

8COMD - Is it worth to buy at this level? Empty COMD- Is it worth to buy at this level? Sun Jul 31, 2011 1:00 pm

windi5

windi5
Moderator
Moderator
Hey guys and gals what do you think about this share. 19.46 % progress over the last year,2010. NASP stands at 59.62. More illiquid share,moving between 100-150. Commercial Bank of Ceylon Plc being the main share holder, 94.55%.

windi5

windi5
Moderator
Moderator
I had COMD in my PF and has already exit @ 135/- and didn't enter again.[/quote]

Ha ha you have tested that. So tell us whether you made a profit or a loss??. Fundamentalists have been stuck at the CSE, we have take risks as well if we wanna some good cash. Very Happy

lbnnirmal

lbnnirmal
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Last Friday it closed @ 101/=
it opened @ 95/=

Is there any spcl reason to this movement ???



Last edited by lbnnirmal on Mon Aug 01, 2011 7:50 am; edited 1 time in total

windi5

windi5
Moderator
Moderator
Open price was Rs.95
Closing price was Rs.101.30

lbnnirmal

lbnnirmal
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@windi5 wrote:Open price was Rs.95
Closing price was Rs.101.30
Thnx machan I updated that.

windi5

windi5
Moderator
Moderator
hey what do you think about cabo at this price I love you

Tiger

Tiger
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@windi5 wrote:I had COMD in my PF and has already exit @ 135/- and didn't enter again.

Ha ha you have tested that. So tell us whether you made a profit or a loss??. Fundamentalists have been stuck at the CSE, we have take risks as well if we wanna some good cash. Very Happy[/quote]


Hi Windi5
In fact I collected COMD at 45/- range and disposed at 135/-.

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