1) PARQ was needless to say much talked about ( should I say heavily promote share). Now stone silence! IF someone need to unbiasedly understand PARQ history and timelines YK has given resources to prior discussions.
2) Now on present situation :
Specifically on PARQ, within the last 2 years personally I made several warning when people tried to pump it to Rs 80 and to Rs 100 in short term.
Gave reason why it should not be such on valuations at that time.
Mentioned also several times PARQ had resistance around Rs 70-72 ( which was clear when relating to fundamentals also which was explained in detail under the link Yk gave).
That resistance was not broken for 3 times in several years spread.
I saw few months ago a top PARQ holder exited at Rs 67.
Then I also saw some negative concerns on Aluminium sector few months ago.
So I too made a post on Alumium shares on Be CarefuL thread bascially telling "When to BUY".
[You must be registered and logged in to see this link.]Now PARQ is Rs 74-75.
YK will give fundamental side so will not go there.
3)
Leaving YK to carry out the indepth discussion let me say this.
Aluminium sector still has lot of potential for longer term with construction Boom. PARQ is uqnieu share which has Aluminum + Tile sector benefits.
After looking at the latest report PARQ seems to be doing well.
Their future seems okay as it is managed well.
Tecnically a long consolidation happened at Rs 70 ( traded between Rs 55-70 for long time)
Now it was broken and at Rs 74-75.
Can it go ebelow Rs 70 again yeah if something unxpected happens.
But with the Group ( LWL,RCL,TILE ) rises , PARQ too can naturally
rise with time when ASI go up. So PARQ is now at suitable situation ( backed by fundamental and after long consolidation technocally to gradually increase in price for any Investor who is concerned.
But it is not gurantee if one does not pay attention to any negative stuff.
So don't please presume this is a recomendation to buy or it will go up in short term.
YES , there are some Negatives too on PARQ. YK presume will high light .
Cost of ALumium was on the up but as long as the company manages it , it should not hurt their growth potential .
Know pluses and minuses.
This group is for Investment not for any game play.
ps : Glad YK got some input for this educational post.
Home
Register
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?