Avanti Feeds Ltd has fixed November 27, 2015 as the Record Date for the purpose of ascertaining the entitlement of the members for sub-division of equity share of Rs. 10/- each into 5 equity shares of Rs. 2/- each.
http://www.equitybulls.com/admin/news2006/news_det.asp?id=173558
Their Balance sheet looks to be in a mess! Look at the increase in debt and receivables
Results look bad prima facie but this was expected. The nos. do suggest drop of volumes in manufacturing business. May be the co. faced teething troubles with new capacity and it didn't add anything to the quarter.
One respite is overall gross margins can be seen moving in the right direction,thanks to declining volume of trading business. I always had a doubt about trading business being loss making at worst and 2-3% margin business at best,data available on both lines of business leaves us inconclusive but following table can give a rough idea.
Disclosure-Invested.
Results are out . Sales up 22% from 3.38 Cr of Q2 LY to 4.11 Crs this year.Co seems to be investing for the metro project scheduled for completion by Sep 2017 .EPS 0.1 vs 0.14 .
Balance Sheet Size at 28 Crs (Rs.46 per share ) . Cash in hand equals current m'cap ! Land with current market value between 30-60 crs not priced in.
Given the wide difference in profitability of trading ops (2-5% as per @desaidhwanil) and 20% on manufacturing why should PAT fall 14% if sales fell 18%.
As expected stellar results from Laopala today, they contnue to grow as per management's earlier interviews. They plan to grow by 25% or more on YoY & I see them doing much better. The sitarganj facility is starting day after tomorrow on 16.11.2015 & we may see its positive impacts as early as annual results. It has stood well in recent times despite major indices & markets having tough time... As results are better than expectations, I see LaOpala moving above 735 or above with little support from markets which is likely to stabilize or turn positive from current levels ... Happy Investing
Decent numbers from Stylam
Disc: Invested
@m1hirk Hi Mihir
I too was looking into Abbott - Pediasure and came across this link. It claims the drink doesn't have much nutritional value. (vs competitors.)
http://www.madhuriesingh.com/superindiankid/index.php/2012/pediasure-health-drink-supplement-is-not-for-every-one/
Digene seems to be a good product. Its widely used by doctors here in Kerala. It was prescribed along with a dose of antibiotics for me.
Thanks,
S
Disc: No shares owned.
As I said Amit I considered the impact but in my opinion it felt as a tall order but is not impossible.
La Opala has declared its September 2015 quarter result today as under : Top line : + 12 % Bottom Line : +30 %. Further, the Company is commissioning its newly expanded 8000 TPA capacity at Sitarganj on 16.12.15. This will enhance their capacity from 13000 TPA to 21000 TPA.