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KetanAdmirer
Senior Member
Joined: 01/Sep/2007
Location: India
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Posts: 242
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![Reply](forum_images/reply.gif) Topic: HOV SERVICES Posted: 29/Dec/2011 at 2:45pm |
Following were the key highlights of the company during the quarter.
The Merger: As of April 29, 2011 the Company completed merger of its indirect subsidiary HOV Services, LLC with SOURCECORP, Inc. The name of the combined entity is
SourceHOV, Inc. and is a Joint Venture (“JV”). The Company has a 27.2% financial interest in the JV.
The financial results of this JV for the three months period ended 30 September 2011 are:
Income increased by 12.3% to Rs. 608.63 Crs and EBIDTA increased by 21.7% to Rs. 118.89 Crs over the previous quarter ended June 30, 2011.
The financial results of the JV for the six months period ended 30 September 2011 are:
Income of Rs. 1,201.61 Crs and EBIDTA of Rs. 225.55 Crs.
Note: I have a vested interest in this stock...
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Cheers
Anand
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KetanAdmirer
Senior Member
Joined: 01/Sep/2007
Location: India
Online Status: Offline
Posts: 242
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![Reply](forum_images/reply.gif) Posted: 29/Dec/2011 at 2:43pm |
Any views on this stock now??? As the company will announce the full year consolidated results along with December 31, 2011 quarter results... The company paid Rs.8 dividend last year...
The financial year has been changed to 9 months ending December 31, 2011 to align with SourceHOV...
Note: I have a vested interest in this stock...
Edited by KetanAdmirer - 29/Dec/2011 at 2:45pm
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Cheers
Anand
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subu76
Senior Member
Joined: 25/Feb/2008
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Posts: 5709
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![Reply](forum_images/reply.gif) Posted: 31/Oct/2011 at 4:00pm |
Sorry don't know enough....I have some idea about Allsec which is a pure BPO.....
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srisaurabh2000
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Joined: 10/Dec/2009
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Posts: 397
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![Reply](forum_images/reply.gif) Posted: 31/Oct/2011 at 1:13pm |
Subuji, how do tech cos. like RS Software, Logix Microsystems, Solix Software, Allsec Technologies look to you?
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subu76
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Joined: 25/Feb/2008
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![Reply](forum_images/reply.gif) Posted: 30/Oct/2011 at 8:45am |
I'd be careful about dubious IT companies in today's world of shell companies bringing in money from abroad.
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master
Senior Member
Joined: 06/May/2008
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Posts: 831
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![Reply](forum_images/reply.gif) Posted: 30/Oct/2011 at 9:07pm |
Originally posted by shadows
seems that they skipped the dividend for the quarter , the announcement was due in july
thinking to sell this and buy PI Industries ![](smileys/smiley18.gif) |
If you've been tracking developments in this company, after their JV with Sourcecorp effective May 2011, I don't think interim dividends were expected in July or anytime till they announce annual consolidated results (which may come around Feb-2012 now that they have CY as their FY).
Hereafter, they will announce only standalone results on quarterly basis which reveal very little info. In any case, this stock is not intended to be a dividend play, this is a very high risk stock with a complex corporate structure. They may still announce decent dividends we can't say but one should be holding it only if one's risk profile permits.
As a disclosure, I added more sometime back.
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Someone’s sitting in shade today because someone planted a tree long time ago.
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subu76
Senior Member
Joined: 25/Feb/2008
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![Reply](forum_images/reply.gif) Posted: 30/Oct/2011 at 12:37pm |
IMHO it's best to avoid such companies whatever be the temptation..... If one wants to buy 2 PE stocks during normal times then it's important to buy 8 or 10 for diversification
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shadows
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Joined: 04/Feb/2009
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Posts: 221
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![Reply](forum_images/reply.gif) Posted: 06/Sep/2011 at 10:26am |
seems that they skipped the dividend for the quarter , the announcement was due in july
thinking to sell this and buy PI Industries
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