Joined: 05/Oct/2006
Location: United States
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Posts: 355
Topic: Splash Media Works - Splash in the pan!! Posted: 14/May/2010 at 3:33pm
I've been following Splash Media Works and it has risen from 14Rs to 420+ in the space of a year. But the interesting thing is the low volumes at which it has been trading, with nothing in fundamentals to show for their stock performance. It quotes at P/E of over 1000+ with hardly any book value. But management has been smart to give out 3:1 bonus and a rights issue the year before. So is it a flash in the pan or a splash of cash for investors? Or could it be a case of circular trading?? I can't even find what they do let alone a website explaining their business!.
Joined: 05/Oct/2006
Location: United States
Online Status: Offline
Posts: 355
Posted: 07/Jul/2010 at 5:37pm
Anybody tracking this company? Its now at 800 rs a share, and still going strong...any idea why its being recognized and is there any restructuring going on here?
Joined: 30/Aug/2007
Location: India
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Posts: 1540
Posted: 07/Jul/2010 at 6:39pm
even dhiraj bhai ignored it ... otherwise i would have found it........the trick would have been in holding it,...........anyho now the stock price is not moving so we can only cry and blame our collective KISMAT
If i am not mistaken....This stock could well belong to the Pentasoft / Pentamedia group. There used to be a Kids channel some years before called Splash TV or something similar and Pentamedia bought this for something like 40 Crores or more. At that time - i thought the 'usual 'guys are back to their game & siphoning of money through this acquisition deal. I suppose, if my above info is correct - the reason for the rise in price does not require any real analysis or efforts of that sort.
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