Sail for long term investment in commodity supercycle
In a commodity supercycle you want to position yourself in a scrip which is better placed and has potential to give good returns.
Looking at the companies fundamentals, it is improving it's asset quality. The debt to asset ratio has improved significantly in last year. I think by the end of this year it will have zero debt. It also has expansion plan, from 18MTA to 50MTA. That's huge. Fundamentals are supportive.
Technical chart I have provided and is self sufficient to explain itself. 28 March is EX date, the price generally comes down significantly on the EX date week. Anyone not having this in there portfolio can look to add it when price corrects next week. Although, I am not sure if it will correct significantly. All those holding, cheers! Keep holding!
Disclaimer: For educational purpose.
Looking at the companies fundamentals, it is improving it's asset quality. The debt to asset ratio has improved significantly in last year. I think by the end of this year it will have zero debt. It also has expansion plan, from 18MTA to 50MTA. That's huge. Fundamentals are supportive.
Technical chart I have provided and is self sufficient to explain itself. 28 March is EX date, the price generally comes down significantly on the EX date week. Anyone not having this in there portfolio can look to add it when price corrects next week. Although, I am not sure if it will correct significantly. All those holding, cheers! Keep holding!
Disclaimer: For educational purpose.
Comment:
The up move has just started. If you are holding, you will start seeing returns in this scrip. Near term target is 190, for short interval traders. For long term investors, just enjoy the returns. This move is starting after a very long time. Cheers!!