This is not criticizing .. but my view on the points presented ...
Future123 wrote:There are many positives for REXP in the medium term.
2) As Rappaport said, rupee may depreciate by 10% to 15% against US$. This would boost REXP profit considerably.
10-15% increase in Rs to $ rate !!!!!
Say what ?
Thats like Rs at 160 to 168 for $ . Really?
Did Rapa say that too?
So if $ is allowed to go up 15% , what about other companies , CSE, Sri lankan economy.
REXP is just one company. There are lot of other things to consider.
Future123 wrote:
3) For the year 2015/16, REXP may report an EPS of over Rs. 32. and declare a dividend closer to 20/= or more. (REXP didn't declare a dividend in October 2015 as they had to pay Super gain taxes. A divided was due in Oct 2015)
The dividend they declared today makes up more than the combined amount they gave via 2 dividends last year. So this dividend maybe (better be ) the only one ( for REXP sake) for 2016 financial year.
Future123 wrote:
4) Even there is no growth in 2016/17, REXP may still report an EPS of over 40/= due to reduction in CT and rupee depreciation.
Hmm... In any case even if they can come up with Rs 40 eps somehow ( lets see) it does not mean it should be a Rs 400-500 share. I already warned before for public concern. If it gets pushed too far it will fall burning many people .
Let me point out something, you may not like to hear. Unless REXP come up with a magic eps for March ( which I doubt), REXP at Rs 250 is overvalued
compared to other good companies trading in this market. But going by future possibility, Rs 250 is kind of okay for now.
This is not demotion for REXP in anyway. As I said, REXP earning potential is still there.
But sometimes 1+1 != 2 ( != means not equal)
----------------------------------------------------------------------------------------
I am sorry Future. I know you rep me sometimes. You agree with me sometimes.
So I may risk loosing that for saying this.
But I have to go with my heart and conscious here.
I noted sometimes you are extreme ( negative or positive) .
a) I saw too much positivity with poultry/BFL when you quoted big numbers ( like RS 350 etc) and didn't like what I said then even to make sense. I guess you may have sold BFL then right?
Btw, I just got to know ( and checked myself) in cyber space, certain parties who went to the moon with poultry and some shares is now all of a sudden saying ............................!
Wow.
b) Then I saw your big negative views on government.
So what I request is best we play balanced. It will bring you peace of mind too.
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