Investing In Nakilat
I have come across several articles (see attached) that highlight that Nakilat is significantly overweight, implying that in Laymans terms there is at least 25% upside potential, but for some reason or other the share is underperforming. According to my analysis the share is a 'screaming buy' but as a result of the following:
-the share is very close to its 52 week low
-the share has strong resistance at the it current level
-2009 results were above expectations
- a reasonable dividend was paid out even though it is not yet fully operational
- income, for the most part is guaranteed as a result of long term agreeements with its customers
- the share is very liquid(nearly always in the top 10 traded)
I have practised what I have preached and have bought the share and being patient
What do you guys think?
Unfortunately, you can't use any technical or fundamental analysis on stocks here. It's more to do with human behaviour than anything else.
However I usually depend on the volume (which is very light on majority of stocks here)and relative strength index (RSI). RSI at the moment is at the lower end, which might probably lead to the moderate increase in share price. Just my thinking.
Investment is always a risk.
sorry pls go to this link
www.argaam.com/Common/Handlers/AttachmentDownload.ashx?referer=/portal&fileName=ebad6538-4fce-45a5-8da1-d53864f45ae0.pdf&folder=%5CArticleAttachments%5C
Other points for Nakilat
Gas contributes more to GDP in Qatar than oil or any other sector. Without gas most other sectors would be affected.
Also Nakilat was listed at a par value of 10 per share. In June 2008 the share was as much as Qr 45.
It has hedged a signifcant part of its loans. Its bond offering was oversubscribed
I will continue tomorrow and incl negative points to be fair
welcome to the club ... I did this move years a go and waiting ... it must have a good future
QGTS Qatar Gas Transport
By the way, "Nakilat" means which stock? whts their name in stock market?
I was in this stock for more than a year, it wasnt going anywhere. I beleive its still not going anywhere. They are drowning in loans. Its a good stock for short term day trading though.
I would advice you to sell it at 22 and wait for a retracement to 20. It does not have the strong fundamentals to be a long term stock.
when did you buy? for how much ? (if u dont mind) and how is the performance now ? i am also thinking of the same ..
please share the info if u dont mind.
there is no attachment