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sureshbazi
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Quote sureshbazi Replybullet Posted: 05/Oct/2010 at 12:23pm

There are two negatives for the company as i have seen.

1) Promotor holding is just 11% or so.
2) Dont know why they Advertise so much in CNBC about there Annual and qtrly results, it makes suspicious and it is waste of invester money.
'It is only when you combine sound intellect with emotional discipline that you get rational behavior.' – WB.
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j2eeprofessiona
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Quote j2eeprofessiona Replybullet Posted: 05/Oct/2010 at 10:43am
Originally posted by suresht

You are right about the negative cash flow. But I think its because of greater working capital requirement as sales jump from 50 crores in 2008 to 116 crores in 2010.  As far as equity dilution is concerned, it happened last year only due to huge capex requirement. Additionally, with 35 crores of cash in hand, I dont think company will need to further dilute its equity. 


within one year they diluted the equity so much...dont u think something amiss here.. and the promoters stake is so low...by the way when i was an investor i asked them would they further dilute the equity and they said they might if they want money for more expansion. secondly they couldnt answer my question as why was debt not taken..why not a combination of debt-equity... again no answer... this company is not professional it seems and i am unable to see any of their products unfortunately.. where's the money coming frrom?
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Khan
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Quote Khan Replybullet Posted: 05/Oct/2010 at 11:03am
Originally posted by j2eeprofessiona


Originally posted by suresht

You are right about the negative cash flow. But I think its because of greater working capital requirement as sales jump from 50 crores in 2008 to 116 crores in 2010.  As far as equity dilution is concerned, it happened last year only due to huge capex requirement. Additionally, with 35 crores of cash in hand, I dont think company will need to further dilute its equity. 
within one year they diluted the equity so much...dont u think something amiss here.. and the promoters stake is so low...by the way when i was an investor i asked them would they further dilute the equity and they said they might if they want money for more expansion. secondly they couldnt answer my question as why was debt not taken..why not a combination of debt-equity... again no answer... this company is not professional it seems and i am unable to see any of their products unfortunately.. where's the money coming frrom?


Another sign of being unprofessional comes from the restatement of accounts for quarter end March.. they made adjustments and increased EPS when the final annual accounts were released.
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aniljain
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Quote aniljain Replybullet Posted: 05/Oct/2010 at 11:47am
Originally posted by sureshbazi

There are two negatives for the company as i have seen.

1) Promotor holding is just 11% or so.
2) Dont know why they Advertise so much in CNBC about there Annual and qtrly results, it makes suspicious and it is waste of invester money.
 
Smell somthing cooking on financial bookDisapprove
Investment is an art, not science
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Quote sajit Replybullet Posted: 10/Nov/2010 at 8:21pm
this is trading on the upper circuit for the last 2 days. Any idea what is brewing here?
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Ansh
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Quote Ansh Replybullet Posted: 11/Nov/2010 at 9:11pm
Bulk deal in the counter today -  CREDIT SUISSE FIRST BOSTON (SINGAPORE) - has bought 1.64 Million Shares at a price of Rs 9.29 today.
 
Will this be a multibagger????
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kushal.masand
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Quote kushal.masand Replybullet Posted: 19/Jan/2011 at 12:17pm
i wud like to sit outside the bounndary and watch.....
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suru27
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Quote suru27 Replybullet Posted: 20/Jan/2011 at 3:53pm

Even i saw this stocks after running few screeers..Spoke to a friend working in one of the leading weighing machine company called metaller tollerado(one of worl's best).. few things to share:

1. Indian companies r running commodity type business.. what MT sells at 1 lakh, there are thousands of indian manufacturers selling weighing machine of same type in 5k-10k , obviously of much cheaper quality
 
2. there is no moat in indian companies including this.. he did nt even knew name of this company
 
There is huge equity dilution year by year..though it becomes a multi bagger, i would love to stay aside...from gambling point of view for such stocks i ve 2% of my portfolio..can allocate .2-.3% of my portfolio forgetting the money..
Not an investment bet...
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