Sunday, April 24, 2011

REI SIX TEN RETAIL : LOW BOOK VALUE

good after noon sir im in sharjah uae i m doing job here i have invested in REI SIX TEN RETAIL , i have 500 of it at the price of 83 wht can i do now ??/ i can average in it or i canleave the stock right now the stock value is 46-47

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Huzefa
1. REI SIX TEN RETAIL is a 2 rupees face value share of RETAIL/departmental stores company industries in BSE group B.remember face value of this share is 2 rupees only so if we compare current market price 46 to 10 rupees face value than it is 230 so share is not cheap..
2. 52 week high of REI SIX TEN RETAIL is 104.50 and 43.25 is 52 week low.share traded near about it 52 week low .but stock spilt at 27.10.2009 from 10 rupees to 2 rupees face value so price down due to spilt adjustment.
3. book value of REI SIX TEN RETAIL is 5.57 Book value of this share is very very low and just 1/9 of market price so buying in this share is very risky..
4. Promoter holding is 53.83 and FII holding 15.58 percent. promoter holding is also normal
5. EPS of REI SIX TEN RETAIL is 0.68 so current P/E is 67.64. low EPS and high P/E show share may show further down side.
6.I think this is not a good investment due to low book value and low EPS
7. share is cool down from price of 1100 and I think this is a end of speculation story I not found any fundamental point in this share.

8. I personally hold 0 shares of this company.
key words:- penny stock f&o tips resi six ten retail buy sell hold recomandations multibagger stock.

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