Originally posted by amitdip
Originally posted by j2eeprofessiona
One of the best picks in my opinion is FirstObject Technologies and its business is probably least capital intensive as it plans to do mostly stuff in the virtual world. They have curicullam right from pre-school to university level and they have host of product launches scheduled in the next six months. they have a very strong management and is extremely cheap right now. its consolidated EPS is rs 6 and is available at around 6 PE... my two cents are on this stock...
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13% promoter stake not concern ? |
not at all. they have recently done 4.5 % preferential allotment to
themselves at rs 45. Secondly, they keep doing creeping acquisition
from time to time. thirdly, great management, a turnaround company,
intelligent acquisitions and lastly an low capital intensive operations
which has potential to generate much better bottomline than any other
education corp.
Look from where its coming and you would understand why i am not worried about this... and with the current price its trading at the lower end. results should be very good by the way..