youcan'tstopusnow wrote:
Yeah. If those crazy prices guys are talking about do materialise (sub 9), that will be a crazy valuation. Hope you are also looking at Centum also. The stock went as low as 15.90. But should wait after the bonus shares hit the market then dive in. Will the company profits be as affected as some insurance companies have been by the slump of the NSE? Well only 26% of its portfolio is in QPE. There is the cash from horton's Carbacid. 2 divestures by end of the financial year plus at least 1 acquision
@youcan't I never invest in stocks with similar business model and except insurance jub and centum are both private equity firms in real estate and power generation..
That said, centum is dirt cheap so any longterm investor is bound to make a serious killing getting in now.. Theyve been diversifing out of the NSE but I dont know if their new projects have started to pay off in 2011 but there should be some serious gains on asset sales in 2011.
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