No body is posting once the thread is open
Kitex results are on 19th, they have indicated to declare interim dividend also this time.
Once all the doubts of cash etc are seen in Q2 BS, can there be further re rating or valuations are already stretched ?
What could be the better use of cash apart from dividend ?
There was some murmur few months back to increase no of shares, hence bonus etc ? these measures if any, can be seen huge +ve by market.
The co will also become debt free by Q2 as per recent con call, So, Q2 numbers and con call is going to be very crucial.
If the cash of 200 Cr remains as cash , this it self will propel earnings by huge number with interest income, even from debt funds etc.
In the last few months Mgnt has done lots of clean up activity to come out clean ( may be due to pressure from Mr Market/well wishers advice etc), cash conversion, brand tie up, own brand launch etc. If the numbers come good in Q2, the story may again begin fresh for many from 2/3 yr view as a min 40 % compounder !
Disc : Invested
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