Daljeet has issued a note today on Sharon Bio-Medicine which reads as follows:
“Delay in key trigger to play out….downgrade to HOLD
We cut our EPS estimates of Sharon Bio-Medicine Ltd. (SBML) for FY15E and FY16E by 38.3% and 40.6% to factor delay in getting the regulatory approval and dilution of earnings due to issue of warrants. We also reduce the PE multiple from 10x to 8x to factor lower growth in sales and profitability. Accordingly, we reduce our price target to Rs66 (based on 8x FY16E earnings) from Rs140 earlier. We conclude from our meeting with management during annual general meeting (AGM) held on 17th December 2014 that current business is progressing on track. However, the major future growth driver for SBML in terms of USFDA approval is yet to occur. Though the upside from current levels is about 66%, we downgrade the stock to HOLD from BUY and suggest waiting till further clarity emerges on growth drivers as well as regulatory approval for its new facility.”
Fortunately, it was not a day of all gloom for Daljeet and his followers. Meghmani Organics put up a spirited performance by surging 20% and tripping the UC.
Shilpa Medicare also took everyone by surprise by sprinting nearly 14%. Is the FDA approval around the corner? The stock has been called a potential 100-bagger in Motilal Oswal’s 19th Wealth Creation Study and that will keep the interest in the stock at high levels for some time.
Profit growth cagr 10 yr 50.19 5yr 28.63 3yr 30.49 TTM 25.42
Sales growth cagr 10 yr 48.73 5yr 25.63 3yr 29.42 TTM 14.25
ROE growth cagr 10yr 29.08 5yr 26.43 3yr 28.53 TTM 30.77
hold and must buy now its trading at the same level of Jan 2014.
what huge upside. I bought @80.
Ask him to give genuine 3-4 multibaggers in one go, if he wants to save himself from curse of many affected buyers of Sharon bio due to his recommendation.
He is a useless fellow as someone who has bought as per his recommendation has been left in lurch with the whole move gone by the wayside and the investor has been taken to cleaners
if u see the warrant given to promoters IN OCT and timing of exceptional that too repeated callS given by Daljeet, u can see that it was PLANNED SCAM.
Daljeet cannot be blamed because his success ratio is better than other brokers. It is safe to play such bets with diversification. Don’t act like operators, have patience.
Now What is the target.
Daljeet, please update.