Hi All,
On one side we are seeing a breakout from technical perspective but on the other side , Q4 FY24 results are not that great(QoQ up, YoY down). How should we proceed when market opens on Monday from short term perspective?
Posts in category Value Pickr
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
When they will integrate their business with the listed company, sales and profit will jump in quarterly results. Market cap to annualized profit will give the pe. If it is reasonable then consider otherwise avoid these manipulated stocks.
Note: the business of the acquired company is not important and can be unrelated. The business of the acquirer will drive the valuation.
RPSG Ventures – A proxy IT play and an emerging FMCG company (26-05-2024)
does anyone know in detail, company is paying around 700 Cr every year for IPL , How to evaluate IPL Business, is It profitable, how it will going forward
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
Thank you. Came across a similar case Time medical company taking over a laboratory chemical company viz; Fischer Chemicals. Something unusual happening a Singapore based MRI machine manufacturing company entering Indian markets through a Listed company Fischer Chem that sell laboratory chemicals and totally unrelated to MRI industry. This reverse merger story is intriguing. Please share your thoughts. Thanks
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
To save tax.
They had manipulated it’s stock also price after buying a company named Manvijay Development Company. They have started dumping it recently.
Time technoplast (26-05-2024)
Insider selling at high valuation is and indicator. PE of 20 is too high for such companies. It is not a software company/ brand company whose sales can multiply. There is competition also.
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
Thank you that was insightful. Also wanted to understand why a company will under report profit? Saw some political big shots at the opening ceremony of Wardwizard innovations which has exactly same promoters as that of the food company.
Corporate Fraud/Misdemeanor – Public Domain – India lessons (26-05-2024)
Wardwizard food have some fast food and beverage related business. If they had listed their business via an IPO route, there would be some scrutiny and appropriate valuation would be provided. But they listed via indirect listing by acquiring a company and manipulating it’s stock price to absurd level, investors buying at high levels will be stuck till the fundamentals improve to that level.
They may be under reporting profits as Income tax department raised their group office few months back. Although no qualified opinion was made in the limited review by the auditor.