Bonus issue one to every one share
Highest price during this period is 14.54 on 15-Jul-2010
Lowest price during this period is 5.81 on 7-Sep-2010
Price Before Split 14.48 15 Jul
Price After Split 7.22 16 Jul
Current Price 5.84
5.84 x 2 = 11.68
Assume last 4 quater = 85cents
Thus
PE = 11.68 /0.85 = 13
Lets see if i able to wait till pe 7 .
pe=7
7=(x(2)) /0.85
x=5.95/2
5.95 /2 = 2.975
Highest price during this period is 14.54 on 15-Jul-2010
Lowest price during this period is 5.81 on 7-Sep-2010
Price Before Split 14.48 15 Jul
Price After Split 7.22 16 Jul
Current Price 5.84
5.84 x 2 = 11.68
Assume last 4 quater = 85cents
Thus
PE = 11.68 /0.85 = 13
Lets see if i able to wait till pe 7 .
pe=7
7=(x(2)) /0.85
x=5.95/2
5.95 /2 = 2.975
Its trade receivable is high, about 150days, cash is low 0.75cent per share, inventories also low , 0.45 cent per share only. DY is too low at about 22c only, which translate to 2% only. Investor point of view, I can earn better if i put money in FD.
However, if it can drop to pe 7 or 2.975 or below, it will be very attractive.
Financial report out around 08 Oct . Will kiv and continue to observe after financial reports
No comments:
Post a Comment