1Yr·

What do you think of my investment in $RIGD (-4.98%) ?

I have deliberately chosen none of the usual oil / gas companies. Disadvantage are always the few numbers and valuation of emerging market stocks.

Haven't seen the company in anyone here yet, hence my interest.;)

11 Comments

𝙼𝚊𝚗𝚞@FrauManu

1Yr

Maybe @Hannes_SK knows it?

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Hannes@Hannes_SK

1Yr

@FrauManu Yes, I know them very well. Especially the oil/gas segment. But I don't think the stock is under the radar. Just because companies are mentioned less often in public is not an indication that they are unknown. In the case of an Indian conglomerate, they just act more as string pullers in the background. 😅

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Riesling@RieslingGG

1Yr

@Hannes_SK and what do you think of that?

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Hannes@Hannes_SK

1Yr

@RieslingGG A typical conglomerate that primarily dominates the domestic economy. The hype is currently quite high with Japan. May offer opportunities, especially in the future with regard to the oil dispute between BRICS and the United States. On the other hand, one must also see that our stock exchanges will act differently than those from the Far East.

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Krynt@Krynt

1Yr

I don't know it, I don't want to know it.

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Enrique@Dividenden_Monteur

1Yr

Phew, 25 P/E ratio and according to the description only active in India? Wouldn't be for me 😅 Better to take a global player

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Riesling@RieslingGG

1Yr

@Der_Dividenden_Monteur is one of my risky invests, see the market in India as exciting and the company is diversified with a high market cap.

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Manuel@Variett

1Yr

When the abbreviation is already RIGD (rigged) that can not be anything 😉

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Riesling@RieslingGG

1Yr

@Variett hahaha that's right, I have to be careful. It's just not that easy to find good companies from emerging markets.

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Manuel@Variett

1Yr

@RieslingGG even though I like to research emerging markets myself, individual companies are even more "dangerous" than in established markets, so I would actually do it via an etf.

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Riesling@RieslingGG

1Yr

@Variett know what you mean, but with the conglomerate I think it's not that risky..... but I'll probably sell it anyway when I've made a bit more return;)

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