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Snowman logistics

Discussion in 'Technical Analysis' started by akhtar80, Nov 5, 2017.

  1. akhtar80

    akhtar80 Responder

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    Someone had recommended this stock some months back. This has been in down trend and loss making.

    But it has tied up with IKEA last month for logistics and shown some improvement.

    Also some of govts policies on food processing and cold storage will definitely have some impact on this stock. As far as I know this company manages cold chain logistics, so when govt is going to promote food processing then cold chain is required and their logistics will definitely get boost. But before you jump in to buy this wait to see what future news and announcements.

    Keep tracking...

    Plz share fundamentals review

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    akhtar80, Nov 5, 2017
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  2. bhat64

    bhat64 Apprentice

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    bhat64, Nov 9, 2017
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  3. bhat64

    bhat64 Apprentice

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    @shabbir Blue Dart has corrected a lot and the chart looks to be bottoming out and trading in line parallel to the 200 SMA..good time to add?


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    bhat64, Nov 9, 2017
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  4. shabbir

    shabbir Administrator Staff Member

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    Agree but I have my own doubts it will be the final bottom. Let the bottom be confirmed and there is a leg up and this will be the best time technically to get in.
     
    shabbir, Nov 9, 2017
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  5. bhat64

    bhat64 Apprentice

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    bhat64, Nov 9, 2017
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  6. shabbir

    shabbir Administrator Staff Member

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    When some prices do not crack. Ideally you should be taking my eBook and going through it but support levels in short are levels which do not crack decisively but are repeatedly tasted.
     
    shabbir, Nov 9, 2017
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  7. vjx

    vjx Member

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    How about EMMBI in logistics? I made decent gains in the past from 130 to 210...is it good to reenter now as it has been hovering at this level for long?

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    vjx, Nov 9, 2017
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  8. shabbir

    shabbir Administrator Staff Member

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    I wouldn't as they have Debt to equity of 0.92 which is slightly higher than my liking.
     
    shabbir, Nov 9, 2017
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  9. vjx

    vjx Member

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    vjx, Nov 9, 2017
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  10. bnnarayana

    bnnarayana Contributor

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    Fundamentaly this company is weak.
    The growth(EPS) was good from 09/2016 to 03/2017, however it has fallen by 50% during 06/2017.
    Net income down by -20% and hardly they reduced their debt.
    It is better to exit at current price rather waiting for 52 week high.

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    bnnarayana, Nov 9, 2017
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  11. bhat64

    bhat64 Apprentice

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    Heavy promoter pledging here..however they settled a recent FCCB issue and dolly khanna entered..good to keep in radar not a buy at current stage at all


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    bhat64, Nov 19, 2017
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  12. bhat64

    bhat64 Apprentice

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    bhat64, Nov 19, 2017
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