Technical Analysis of BSRM Limited on 2 Jan 2017 (after trading
hours)
This is no buy/sell recommendation - just a trial to see if
Technical Analysis (works to an extent) in Dhaka Stock Exchange.
Fundamental Analysis: It is supposed to be a good company.
However, I am confused with its reported profits and considering its reported
EPS, the dividend payout is unsatisfactory, in my personal view. Maybe they are
re-investing and/or expanding their business.
Current PE is around 45!
Directors have off-loaded huge portion of shares, something I
also don’t like.
|
|
2013
|
2014
|
2015
|
|
Profit
|
789
|
116
|
828
|
|
EPS
|
4.55
|
0.67
|
4.78
|
|
Dividend
|
|
10%C
|
5%C + 10%B
|
Now to the Technicals, which look good: It seems to have broken
a down trend line – indicating end of down trend. There could be a re-test
around 130.
However, I am not sure whether to trade it or not (trust issue)!
Stop loss would be 124.
Let us see what happens?
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