Sharing my analysis of Geodesic Ltd done in late 2012
Some time back I analyzed a listed firm called Geodesic, which if I recall correctly, once touched a valuation of $ 750 million. In mid 2012 I thought the shares seemed undervalued and I tried to understand its accounts.
I prepared a privately shared report concluding that about Rs 300 crores was irreconcilable from accounts and spoke to a few saying that it is likely to bounce its FCCB redemptions due in Jan 2013.
I thought I can share this report and hope it adds to the knowledge supplied above. The report was published on Nov 2012 when the price was around 60 and a follow-up on April 2013.
Please note that these reports are meant only for academic purposes.
Warm regards,
April 2013 Update to findings.pdf (18.8 KB) 26Nov2012 report1.pdf (32.7 KB) Invstmnts in subs.pdf (13.6 KB) Cash balance recon.pdf (16.5 KB)
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