Texmaco rail

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valuepicker
Posts: 141
Joined: Mon Jan 09, 2017 8:44 am

Texmaco rail

Post by valuepicker » Sat Dec 08, 2018 8:17 pm

Equity intelligence by Porinju has exited Texmaco rail. On a relative basis performance if Texmaco is improving. Is there any reason why Porinju is existing at such a low value? Is there something which is known but not yet public. Any thoughts on the same.

Pee Vee
Site Admin
Posts: 434
Joined: Mon Dec 26, 2016 10:45 pm

Re: Texmaco rail

Post by Pee Vee » Sun Dec 09, 2018 11:17 am

Not sure. Such stocks are heavily dependent on the economy improving and large capex plans being implemented.

It is possible that funds may be raised to meet redemption pressures.

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