I tried these very numbers not once, not twice, but many times at different time of the day. Why don't u ring these numbers and find yourself. Even fax number is not working.

I don't really want to enquire about park avenue. But I was wondering if someone stumbles on qflexcable 's park avenue page, there is no way for him to contact company, as he/she will not know that he/she is supposed to contact vijayshanti builders. Hope u get the point.

Hemant K Gupta of Smart Investment writes... But, the price was not Rs.21 last week... So, take it with a pinch of salt...

Cybele Ind. (Rs. 21.00) (Code : 531472)

Financial Performance
Qtr. End. Yr. End.
30-9-10 31-3-10
Total Income 6.18 9.90
Net Profit 2.37 8.80
Equity 10.45 4.78
EPS (Rs.) 2.27 18.40
Promoter Stake 71.86 40.05

Formerly known as Q-Flex cables, this Chennai based company was engaged in production of electrical items. However, company was not doing well and incurring losses. Hence, factory was closed down. It led to 10 acre surplus land in Chennai. Cybele had entered into an agreement with Vijay ShanthiBuilders for development of residential township on this 10 acre surplus land. VijayshanthiBuilders will bear all expenses for development/construction of township called PARK AVENUE. Cybele will be entitled to get 50% of total saleable area as its share. Construction of project has already started. One unlisted company engaged in production of cables has been merged with Cybele which has led to promoter stake increasing to nearly 72% For year ended March 2010, Cybele had achieved EPS of Rs 18.40

From real estate project, total revenues of Cybele should be more than Rs 80 crores in next 2 years time. It works out to nearly Rs 80 per share at PBT levels on enlarged equity. For quarter ended Sept 2010, cable division contributed 1.95 cr to turnover and real estate division revenues stood at 4.21 crores. Cable division, during the period, incurred loss of 60 lacs.

Although it is difficult to estimate (in fairly accurate manner) earnings of Cybele for current year and next year, yet Cybele should report EPS of ATLEAST Rs 8 in 2010-11 and EPS of more than Rs 20 in 2011-12

Current market cap is just Rs 23-24 crores. Buying recommended as scrip can be Rs 45-65 in next 9-15 months. A low-risk high reward opportunity

Note: I have a vested interest in this stock, so my views may be biased... Please do your own due diligence before buying / selling this stock...


Edited by KetanAdmirer - 26/Nov/2010 at 11:23am

Originally posted by KetanAdmirer The number you might have tried would have had 040 as code... But, chennai code is 044... Thats why I asked you try again... I have corrected the code in my post...The BSE website has the code as 040... Hope this clears your doubt...

I wish u could try calling at least once before replying...

give me some credit for dialing correct std number even if it's incorrect on bse site.

Another excellent quarter for the company,