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can i invest in GREENCREST FINANCIAL

Discussion in 'Technical Analysis' started by farazzeya, Sep 25, 2017.

  1. farazzeya

    farazzeya Member

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    farazzeya, Sep 25, 2017
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  2. akhtar80

    akhtar80 Responder

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    I don't know the reason why you thought of investing in it but promoters holdings is close to 1.25%, that means they don't hold anything literally.
    Why would you invest when the owners themselves are not holding any, also they have till date not given any dividend. This is because they don't hold any substantial amount of shareholding. So, in these kind of companies they easily divert expenses in the name of salary and in-spite of being in profit don't give any dividend.

    So, what can you make out of it?

    But still @shabbir would be great help to give final thoughts.
     
    akhtar80, Sep 25, 2017
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  3. shabbir

    shabbir Administrator Staff Member

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    Spot ON.

    Company is completely fake and if you see their home or about about page, they have nothing about them. http://www.greencrestfin.com Bogus company and should be in the list of SEBI ban list but somehow may have escaped it because of no trading activity on this stock.

    On top of that stock is trading at 45 times its book and has a PE ratio of 2500+ LOL
     
    shabbir, Sep 25, 2017
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  4. akhtar80

    akhtar80 Responder

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    So, first thing you should do, sell it before it starts hitting lower circuit.
     
    akhtar80, Sep 25, 2017
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  5. farazzeya

    farazzeya Member

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    thanks shabbir sit and @akhtar i will sell all shares tommorrow itself.. million thanks for your valuable views

    Sent from my A1601 using DIY Technical Analysis mobile app
     
    farazzeya, Sep 25, 2017
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  6. akhtar80

    akhtar80 Responder

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    No worries and these are the mistakes many have made and I have made many even of worst kind. These stocks are operator operated that show high volumes n price increase n try to trap retail investors and then they short.

    Hope you don't loose any . Best wishes
     
    akhtar80, Sep 25, 2017
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  7. farazzeya

    farazzeya Member

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    farazzeya, Sep 25, 2017
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  8. akhtar80

    akhtar80 Responder

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    This message is for everyone never trust any SMS calls for trading. They will keep sending you msg in the name of HDFC, Sharekhan, ICICI, some research co etc but they are all fake.

    As a rule never ever trust any of these service provider. Some would tell you to join by paying fees of 5-6 thousands and you will get good calls, never join them.

    This will save your money and peace of mind.
     
    akhtar80, Sep 25, 2017
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  9. nirajshah

    nirajshah Champion

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    nirajshah, Sep 26, 2017
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  10. shabbir

    shabbir Administrator Staff Member

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    So true. I say you shouldn't be trusting my views blindly apart from your close family perse and do your own research. No one in this market is to make money for you.
     
    shabbir, Sep 26, 2017
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