The price has normalised now(touched the height of 0.705), although still below IPO price of 0.67. Believed many IPO investors have cashed out this morning, with breakeven, small losses or small profits (at above 0.67).
Next laggard construction counters to watch will be TJSetia and Aneka which still are trading at big discounts from IPO prices (due to Covid) although the company are profitable per QR and professionally managed.
anything below .60 is a bargain, dont miss to collect, 2022 is construction theme after almost 2 years of sluggish outlook due to covid
buy when the price drop below its real value, ipo price 0.68, if you are buying below ipo, its lower than fund and private holder price, nothing to worry
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Benhobenhobenho
1,457 posts
Posted by Benhobenhobenho > 2021-10-09 15:40 | Report Abuse
Share price performed badly due to it being in the construction biz n it's still not out of the woods yet