LB Finance Plc - Watch out

Since September 2015 I have been posting a couple of articles on LB Finance. My Buy call was not short term centric but more of Long Term. Therefore a stop loss was not given. The fundamentals are very strong and this is one of the rearrest of Companies where you could have predicted the earnings just by looking at their quarterly statements. In September I said they could make an EPS of 20.00 for 12 months. In 9 months they did 18.00, so there is only 2.00 to cover. I do not think I'm a genius to predict like that. But I only cultivated a habit of tracking stocks, and follow them on technicals.

LFIN will send their final quarter results one of these days, and they will obviously show more than 20.00 in profits per share, and by May or June they will announce their dividends. The next best thing is that March to May had been a good period for Traders of LFIN. The prices now have trended up showing the same bullish momentum building up. However we do not see a lot of volumes trading, hinting that many of the holders of Volume don't like to part with it any time soon.

Also a stock of this caliber should have been bought into, on Dips. Who ever did it could make decent returns in the weeks to come.

Rs. 128 looks an area of resistance at the moment but doubt it will retrace too much this time once it hits that mark.

Near term target is around 137.20, and testing areas of 140.00 and 150.00 won't be a surprise, due to the strength in the Company.