Nadi's didn't perform well in FY2018. The earnings in FY18 was actually the lowest in past 5 years. At 28sen per share, its current PE is merely 5.4x. What if its earnings improve in FY19 and market gives higher PE multiple to Nadi, its stock price will sky-rocket. --> Buy some.
Just wondering, there're so many good and performing construction stocks out there and link to ECRL and many bog projects, why choose this? Can any expert share?
Hi Reds.....thank you and good to see you here. Don't worry, as long as you bought below IPO price, its ok. I can guarantee you will make money sooner or later. This company is profit making company with excellent track record.
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....
value88
711 posts
Posted by value88 > 2019-04-08 22:35 | Report Abuse
Nadi's issued price is P/BV of 0.57x and PE of 4.54x based on FY2017 EPS.
Why the owner of Nadi wanted to sell his company at such low valuation ??