Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
Posted: 05/Aug/2010 at 8:07pm
Originally posted by nav_1996
I had researched this company when it was just around 60. I did not get answer to a key question.
Why would a company list in India when promoters are USA, customers are in USA and its manpower in in USA. Most probably because they could not meet SEC guidelines.
I think the company was started with the name HANDS ON VENTURES way back in India and then probably started the BPO business. Not exactly sure about the chronology of events of the company. Maybe company website might provide u with answers or there might be some contact person who might answer these queries.
Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
I avoided as I had found whole strcuture too complex. Too many subsidaries. Indian listing with no obvious reason (got listed in 2006). I suspect that US owners have direct business dealings with its US subsidaries.
I would stick to 3i infotech at 5 PE with similar but more value added business and has more info available in
public domain.
Joined: 20/Oct/2008
Location: India
Online Status: Offline
Posts: 1997
Posted: 07/Aug/2010 at 11:15am
Hit sir,
Look at eClerx, its neat and clean and growing.
Beatiful thing about the company is the way IPO money is spent, its very cool and systematic manner no hurry no rush just grow slowly but steadliy. Pay dividents regularly......
HOV could be cheap but they do not offer anything unique, many established player are already doing the same business. It may turn out profitable but it looks gamble to me.
Joined: 15/Jun/2009
Location: India
Online Status: Offline
Posts: 4013
Posted: 28/Oct/2010 at 7:10pm
HOV services second quarter results:
Sales 187 cr (Q1 fy 11 182 cr)
Net P 18.68 cr (Q1 fy 11 17.64 cr)
Half yearly eps at 29.09 per share.
Second interim dividend declared at Rs 2 per share which takes total interim dividend for year to Rs 4. Div date is around 3 nov 2010.
If it continues to clock similar run rate (and there seems to be no reason to doubt it) then full year eps could be in excess of 55-56 so effectively the valuation is at a PE of 2.5 for a BPO company with relatively stable revenues. Looks like a sitting duck.
Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart.
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