Boris Boyka wrote:hisah wrote:Zoori wrote:the deal wrote:Good results in a bad market... good for yield hunters
Makes sense only to dividend hunters.
Not tempting to me at current PE of about 20.
Historical PER is 15.71 derived from today's price @154 with 2014 EPS of 9.8.
Forward PER amusing the performance remains constant means @154 and final EPS (7.77 x 2) the value is 9.90.
On a PER basis this counter is cheap and easily fits in the buy list.
My estimate final EPS will be around 17.2 which means forward PER with a price of 154 is 8.95.
So with a PER of below 10 and a dividend yield of 7.8% (as presented by Aguy) this is a nice place to pack some cash as you wait for the bear weather to pass. Seems many have heed your call.Traded high of 170 and low of 165 on good volume.Dividend date is 25th sep.
This stock is doing so well in this bear market, It opened the year at 140.00 now at 180.00. so its up 28% this year. Its also giving consistent and high dividend for the last 2 years!
Like @ Hisah says, since its in recovery mode in terms of profitability its best to look at forward PER.
Couple this with the best dividend yield at the NSE. I hadn't anticipated any of this, this is truly a bluechip. The yields and price stability confirm this.
NB. Lafarge holcim completed the merger in july, this could also be giving it that good feel factor
http://www.wsj.com/artic...bined-company-1436966051The investor's chief problem - and even his worst enemy - is likely to be himself