mibbz wrote:Over a week after listing,doomsday investors had predicted a 12 bob in fact sub 9.5 price but it still is above 100% returns. I have always believed judging stocks on the exchange by pure book value/fundamentals might lead to a high opportunity cost should one chose to forgo that purchase.NSE being a good example,hoe do you value it based on pure fundamentals yet there is no measure to compare it to in the region & more importantly,how do you attach a value to investors buying it not for profit but for the potential upside it presents in terms of board seats thus influencing policy and having a say in future strategic moves such as derivatives.
All in all many of us have booked over 100% returns upon selling and no mater how many arguments are presented on its valuation,fact is money is back at a decent multiple.
@mibbz, your post has insight, of the folly of plotting trends or studying ratios in a bid to foretell the madness of men or the whims of the market. Speechless, all I can pose is:
Am I wrong for thinking out the box from where I stay?
Am I wrong for saying that I choose another way?
I ain't tryna do what everybody else doing
Just cause everybody doing what they all do
If one thing I know, I'll fall but I'll grow
I'm walking down this road of mine, this road that I call home
Nico & Vinz