Tabreed forecast?

[Tyronic]

Hi all,
Wat r ur viewpoints on tabreed as of now? do u see any improvements in the share price in days to come ? It has not seen a big wave since quite a time now and being consistent in a range of 2.45-2.69over the past few weeks. How is the current market going to affect TABREED?
Thanks in advance,
Tyronic

[avidxb85]

hey tyronic,

The range movement is apparent because the stock is not able to close above AED 2.80. Its faces resistance at AED 3.00.

But the overall DFMGI is showing good signs on the chart. High chances of a breakout happening. Once it clears 5750 level, all other stocks should be pushed by quite some percent.

[Tyronic]

Thanks avid
I am holding these shares and waiting for the right time to sell. Hoping for the best.
Tyronic

[D0nQuixote]

Hi Tyronic,
Tabreed's share price is diluted because of the bonus shares and you should expect more dilution due to their convertible sukuk which is all set to be issued. Tabreed will have trouble approaching the AED 3.00 level and it will, by virtue of its business model, remain a viable long-term investment. The good part is that it is strongly correlated with the DFMGI so whenever there is a rally, there should be a blip in Tabreed's share price too.
I would not expect too much in terms of their 1Q/08 and subsequent 2008 profits because the rise in interest expense will, in all likelihood outpace operating profit growth. My estimates for the 1Q/08 results are summarized below:

Sales: AED 125m
Net profit: AED 22.5m (Attributable to equity holders of the parent)

Good luck with your investment.

[Drake]

Have Tabreed disclosed there 2008 Q1 results?

[sharewadi]

Not yet, at least there are no disclosures on the DFM site and nothing in the news. Seems odd there's a delay. I'll add them here as soon as they appear.

Latest DFM 08Q1 results
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[D0nQuixote]

Tabreed is the only major liquid company which has not announced its results... pity! They obviously don't take their compliance (45-day period deadline imposed by ESCA) seriously.

[sharewadi]

[alok_bxd]

dxb_kola wrote on 7 August:
"This stock is great and will make the kids rich. Just not now. Many years from now.
...
1.63 is a low risk buy level and could get oversold there. That level is a serious destination should support fail here within the next three weeks."

2.08 has obviously failed so I look for cheaper prices within the next year.
Remember bounces do happen. I don't expect straight lines.
As an active speculator I take the risk and await cheaper valuations for this stock. Longterm portfolio builders can get in now.
http://www.dubaisharetalk.com/viewtopic.php?t=8092&start=25#18058

[MAGANG]

Hi,alok_bxd
As you mentioned two weeks ago , today Tabreed hit 1.58 .what is your idea on how it will move in the next couple of weeks?Thanks

[alok_bxd]

We said that in early August about good buy levels to wait for, more than two weeks ago.

These are good buy levels now 1.58-1.63 for long-term portfolio builders.
Of course, lower prices in a big bad bear market are possible so these portfolio builders should not spend all their cash for one buy only.

Accumulate is the word. Keep buying on the way down every 25% down.
Or something like that.

There's nothing wrong with buying here if you're not a short or medium-term speculator.
TABREED is the future. One day people will be scrambling for its shares. Sell them upon retirement or give it to grandkids if you're not old.

Answer to your direct question:
No clue and I don't care, really.

As a guess, I stick to what I said earlier elsewhere about a bounce in most stocks before end of Ramadan.

That's meaningless though and should not be construed as advice, as it could be very wrong and no one should try to catch falling knives.

please see end of SHUAA post
http://www.dubaisharetalk.com/viewtopic.php?t=8157#18598