But in the case of MADU they clearly mention the revaluation last quoter and it is very clear that price will adjust to a higher level quickly. Smart players collected MADU bellow 30 last week just after seen the NOTE they mentioned in the last quoter report.
no company in CSE trade with 50% discount to the NAV. some groups like Kuruwita Textile trade with huge discount but that is when we get the group NAV and it is ok since we cant expect price to be adjusted to the Group value after consolidating the statements
So u all will see a huge inter band 10% upword movement with MADU coming week.
get ready for it.
Did u notice the Collection went on befour the price band. almost 1 m and previous day it was 3 m. public holding is only 5 to 6 milion shares.
I feel They will release their statements tomowrow during the RED market after the so called BLUE Chip results.
Go with risk free investment if u find such.
Last edited by Quibit on Tue Feb 15, 2011 1:15 pm; edited 1 time in total (Reason for editing : format condensed)