I do not track this company.
But, the CMP looks to the interesting.
Looking at the figures some interest is getting generated, tomorrow will go in details and may buy.
i think this type of smallcap moves last. it is better to put money largecap, midcap. at last go for smallcap in year 2011. they will available at same price.
I do not track this share. However, next time when the market falls, take a risk at which time it may fall further from current rate, and when market again jumps, probably this share may also jump after sometime.
You will find that
Cals Ref. has jumped more than 50% since I recommended in last one month. .34 to .52.
Lahoti 1.70 to 2.55 in one month
Mysore cement from 12.50 to 20.
Noida from 18 to 25 etc. etc.
So not always necessary that they will move in last leg of bull market. In last leg of bull market they will move 100-200-500%.
Bull market is far far away.
We will see correction in May/June for sure.
March it showed reserves of 98crs and all this has been wiped out within 6 months. great. singapore br closed with loss. total loss as on mar 09 would be tremendous if the dec results are anything to go by. reminds me of teledata depicting all sorts of certificates and now languishing.
reserves are shown as nil throughout. Is it possible that reserves are only shown for march results? IF so then the reserves should be somewhere around 75crs. Losses incurred in sept quarter and dec qrt add upto 16crs only. Hence reserves should be there but are not displayed for in between qtrs. Last year 07/08 it made a profit of 32crs as against a capital of 27crs and paid a dividend of 3%. So balance must have been transferred to reserves which also includes share premium.
Could be a dark horse if it starts making a profit once again unless the figures are cooked up for previous years.
I am not advising anyone to invest/trade in this zero fundamental stock. He has asked whether he can invest in this stock and my advice was when market falls, he can take some risk in this share.
You should remember one thing that in share market everybody cannot buy RCom or RIL but many can buy penny stocks. Those who buy penny stocks, you cannot advise them to buy RIL or RCOM even if they give better returns. If a good penny stock is bought at right price at right time, it can give decent returns also. Market proves it everytime once sentiments improve and remains steady for a few days.
So I too feel that there is nothing wrong in investing a portion of our funds in such stocks at right price and at right time. Number of investors investing in such stocks are more than that of investing in RIL/Rcom. An investor investing in penny stocks can never invest in high priced shares.
Just my views.
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