Somebody has been buying Padini between 2.09 and 2.11 for the last 2 weeks. Very optimistic of this growth stock which has been performing extremely well for the last few years. Let's not talk about if it is fully valued now. But how come just sell at 2.10, just a sen, or 0.5% difference? Is the value of share so precise as just 0.5% difference to warrant a buy or a sell decision? I am highly confused! Can someone enlighten us?
I believe investors should do their own homework & analysis, rather than listening to the buy/sell calls from those half baked sifu or worst still, spammer.
concept is seperate into few badge of your money, depending on the sma , let's say bought at 1.60, when close at 1.65 after 2 weeks, add more lot. when close 1.75 after 2 more weeks, add more lot, if keep break through the new resistant line, the resistant become support line.
For every buyer, there is a seller. The only question is, "who is buying and who is selling?"
There is alot of selling pressure between 2.10 to 2.15. Are the institutions selling or buying?
The management has already indicated that besides Indonesia JV with FJ Benjamin, they are not looking to expand in another country for the time being. So, that leaves only the domestic market, and the local outlets expansion has slowed down. Only one outlet was opened in Farenhiet. No new outlets due to open in the remaining months of this fiscal year. So local expansion has also stopped.
This counter will only see a meaningful rise in price if the next earnings report is better than expected. Between now and then, I expect this stock to trade sideways, unless Europe starts a global financial crisis.
In the short-term, will boost sales as people buy first before the GST comes into effect.
I understand that Padini price range is low to mid range. Then the GST will add a low to mid tax amount onto the total bill. Those competition with a higher price range, then the GST will add a high tax amount to the total bill. Possibly consumers will opt for Padini instead of the higher brands.
Is true that the GST will result in consumers having less dollars to spend. But if a consumer needs to buy, then the consumer will have to buy.
There are 3 things that the consumer need. Food, clothing and a roof over the head.
I am sorry you think the Padini quality is same as a Tesco in-house brand.
The truth is, every household (and company) have a limited budget. If suddenly everything you spend on has a 5% GST, then will you increase your budget by another 5%. If not, what can you do? The only two things you can do is cut down on spending or switch to a cheaper brand.
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....
hooi
1,773 posts
Posted by hooi > 2012-09-26 19:07 | Report Abuse
50-day SMA = 2.113, buy Padini at 2.01-2.08, hold at 2.09-2.20, sell at 2.21-2.57