Friday, October 1, 2010

GLAXOSMITHKLINE PHARMACEUTICALS LTD :AVOID


What do you think of buying a few shares in GLAXO SMITHKLINE PHARMA?
THANK YOU IN ADVANCE.
Parackal Thomas
1. GLAXOSMITHKLINE PHARMACEUTICALS LTD is a 10 rupee face value a group share and currently traded at CMP 2223.
2. EPS of GLAXOSMITHKLINE PHARMACEUTICALS LTD is 60.50 so share traded at P/E of 36, means for buying 1 share you pay 36 year earnings advance, I think this is a very high valuation and as I give my view later that “we should avoid banking pharma and auto sector this time because they already run and traded there high valuations.
3. Promoter holding 50 % and FII holding 15.33 % in GLAXOSMITHKLINE PHARMACEUTICALS LTD.
4. Book value of GLAXOSMITHKLINE PHARMACEUTICALS LTD is 207.68 so share traded 10X of his book value “I think very very high CMP.”
5. GLAXOSMITHKLINE PHARMACEUTICALS LTD is a dividend paying company and last 5 year company pay dividends as
12/03/2010 Dividend 30.00
20/03/2009 Dividend 40.00
04/04/2008 Dividend 36.00
16/03/2007 Dividend 31.00
28/03/2006 Dividend 28.00
6. You are choosing a good pharma company but at currant market price my view is “AVOID” for GLAXOSMITHKLINE PHARMACEUTICALS LTD Company.

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