Allcargo ticker went on a tear last few sessions. I first bought at 367 and kept on averaging down as it fell to almost 250. No news except for the superb investor presentation. I hope maybe some big buyer has started loading, who knows.
I am eagerly awaiting Q2. ECU revenues appear to be leveling off, worldwide cargo prices dropping significantly. TransIndia segment is still very opaque and very low ROCE. I would love to hear thoughts from those who understand this better. Not clear how the capital employed splits between project division cranes and logistic parks etc.
DISCLOSURE – Invested, just got real lucky. I am a rank amateur and an idiot. My posts are NOT a recommendation of any kind
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