It's true that a lot of people still keeping FLCH and BIL thinking they are under valued.But trading below IPO Price is not a reason to decide that is undervalued.
See bitter truth
1)FLCH - 80% of profit derives from Plantation Sector. So June Qtr Statement should be Negative(ie;slight profit or loss). So it is impossible to reach Rs 5 unless manipulation.
2)BIL - Some says its EPS is Rs 3 based on 2010/2011 Annual Report. So valued Rs xxx. But when we remove deem disposal gain and other capital gains it maximum values Rs 5.
3)BRWN - Some says its good to collect @ current price based on 2010/1011 Annual Report.But If look @ march and june statement it values maximum 250-280.
4)BFL - Some says its good to collect @ current price based on 2010/1011 Annual Report.But If look @ march and June statement it values maximum 250-300.
Unless fish price rise we can't expect exceptional statement from BFL in near future( even in Dec Qtr).
5)LOLC - Some says its good to collect @ current price based on 2010/1011 Annual Report.But If look @ march and june statement it values maximum Rs 100.
Better make decisions based on latest Financial Report rather than Old Annual Reportsssssssss
Comments are welcome.......