Karachi stock exchange 19 hours ago ADMM announced EPS Rs.6.29 with expectation of annual EPS Rs.9.00 the company is trading at 4.67 Price to earning ratio having 5 years average (high) Price to earning ratio of 10.67 is trading at a discount of 128.62%. Fair value based comes to Rs.96.02. In 2008 ADMM traded at Price to earning ratio of 22.74. Strong buy is recommended with expectation of payout of 50% cash dividend and 25% bonus shares. One should remember that ADMM announced 400% bonus in 2006 when earnings shot up to EPS Rs.33.55. ADMM have always been a good payer both in case of dividend and bonus. Check ADMM rate in 2006-2007. It was 270 a day before XB. XB rate was 54 then rose to 92-94 range i.e. undiluted 465+. Earning of ADMM rises very sharply after it shows good improvement in earnings.
Posted on: Fri, 19 Jul 2013 15:05:01 +0000