Joined: 06/Jan/2010
Location: India
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Posts: 171
Topic: Abg infralogistics Posted: 18/Jan/2010 at 9:17pm
abg infralogistics---
very cheap stock--book value of 400 consolidted.markeyt cap 250 cr and cash profit of 70-80 cr....so that makes it cheapest infra/logistics co with good group and psa holding 11% in the co.
watch ot for very high targets in excess of 600-800.net block of above 600 cr nd accumulated dep of over 170 cr...nd still the market cap of 250 cr....with growth in asset base and new bids this will be rocking
ABG infra does have a track record of bagging & then project execution on time. Further they have the support of industrial power house ESSAR AS they are related to them .can be an interesting bet as the valuations are really cheap n growth prospects are nice.really its a stock pickers market
Agreed, a far more better play than likes of SICAL who has a poor execution record
as well as go through their balance sheet, their gross block has gone up substantially in last 3 years which is also evident from their high depreciation cost
they are going to reap profits from all these investments going forward
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