LML: Possibly Good buy Opportunity

#1
Friends,

Please find the screen dump.
Looks like a very good buying opportunity now.
Closed on 15.55 I am taking a SL of 14.60 (closing basis)

The MoneyFlow Index suggests a good positive divergence in the stock.
Also the RSI has moved up.


Regards

MANOJ

Change to Post: I had typed SL as 16.60 by mistake.
 
Last edited:
#2
Hi Manoj,
I dont understand anything technical. Is there any one who has some fundamental view on LML?
Even I feel (though I dont have any fundamental details, but the price looks attractive) LML is a good buy at this price.

Thanks,
 
#4
Friends,

Please find the screen dump.
Looks like a very good buying opportunity now.
Closed on 15.55 I am taking a SL of 14.60 (closing basis)

The MoneyFlow Index suggests a good positive divergence in the stock.
Also the RSI has moved up.


Regards

MANOJ

Change to Post: I had typed SL as 16.60 by mistake.
Manoj,
Why don't you start a single thread where you talk about your system and also give your calls. It will be less confusing.
Regards
Kuldeep
 
#5
Hi Manoj,
I dont understand anything technical. Is there any one who has some fundamental view on LML?
Even I feel (though I dont have any fundamental details, but the price looks attractive) LML is a good buy at this price.

Thanks,

One advice for u my friend never go in for a stock because it is cheap.
people who entered Tata tele a few yrs back with the images of Bharti would have probably held on to a lagard. For fundamentals Im sure u know that LML comes at the third postion after Bajaj Auto and Hero Honda. Plus the results have been quite disappointing. Check this

Year 2005/03 2003/09 2002/03 2001/03
Profit After Tax -96.31 -38.68 -44.32 -41.01
Var % NA -12.73 8.07

Year 2001/03 2000/03
OPM (%) 1.13 7.60

Var % -293.81 ` -85.13


Year 2005/03 2003/09 2002/03 2001/03
Sales 603.86 951.08 470.42 518.39
Var % NA 102.18 -9.25
Profit After Tax -96.31 -38.68 -44.32 -41.01
Var % NA -12.73 8.07


Return on Total Assets (ROTA) -14.08%
Return on capital employed (ROCE) -34.21%
Net profit margin -15.85%


Stock Year Ending Net Operating Income Cost of Sales
LML 2005/03 603.86 730.64


Other Recurring Income Depreciation Other Write-offs
3.49 40.57 0

Final Expenses Adjusted PBT Tax Nonrecurring Item
21.19 -185.05 -48.32 17.89

Other Non-cash Adjustment Reported PAT
22.53 -96.31



Pls remember its all respectively
njoy
 
#6
njoy,
thanks for details about LML.
1) from where did you find all these info..? I know there are many sites (like economictimes.com)..i was just curious to know your source of info...
2) if they are loosing this much every yr, how company is surviving? they must be having some source to cover this losses (atleast cash reserve, i dont know)...else if they are sinking there will be some probability bajaj or hero may tak eover (this too i am not sure)?? any info ???
 
#7
njoy,
thanks for details about LML.
1) from where did you find all these info..? I know there are many sites (like economictimes.com)..i was just curious to know your source of info...
2) if they are loosing this much every yr, how company is surviving? they must be having some source to cover this losses (atleast cash reserve, i dont know)...else if they are sinking there will be some probability bajaj or hero may tak eover (this too i am not sure)?? any info ???
I got all these information from www.icicidirect.com u can get thru these information from the Research page. But the latest and actual information database is for the Clients. Im one of them.
And iv no idea about ur second question there are hundreds of company's in India which are not profitable but there is a hope that they might get profitable. But lemme tell u something HOPE IS A ROPE WHICH CAN DOPE U.

U can access the ICICIDIRECT RESEARCH reports at the hope page free of cost.

Thanks
Enjoe
 
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