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Island Textile Mills ILTMEPS 356.87DPS 50% (Rs. 5/-)Market Price 80
I bought a small quantity of ILTM at 200 in May 2012 keeping in mind its abnormally high eps.Today, it closed at 281, thus giving capital gains of 40%.I have learnt that good fundamentals almost always get highlighted in the share price.Similarly, I hope FATIMA & NCL will also get noticed sometime.
Dear brother Poker , does this still a buy at PKR 280. KINDLY GUIDE
9 months eps is not so good if compared with 2010 and 2011
To me the future seems good, and the worst spell on yarn business may be over. Till half year, the company was in loss, and in Q3 it turned into profit.Even then with book value Rs. 1000 and P/E 1.5-2.0x, it is very very cheap.