Hi follower
Hope you are doing well. Work is keeping me busy nowadays :-)
Spanco has started its upmove and based on the quarterly results for the past 2 quarters, matters seem very positive.
We can expect an early EPS of at least Rs13-15 (god willing) and a steady inflow of domestic orders. With an improvement in results, we will an improvement in market sentiments.
I am staying invested an accumulating at Rs63. This one may go a long way.
Hello Rajesh
Nice to hear from you and thank you for your kind words :-) These words are suited to a people of Jig`s stature. I am merely a novice when compared to the experts :-)
Good to see that our stocks are doing well, with the exception of Genus power. The company has suffered a misfortune(FIRE) at the wrong time (in terms of market sentiments) and production will definitely be affected. no doubt. Lets watch the next quarter before continuing accumulation.
Shivvani is at an inflection point (from a technical standpoint). Rs360-Rs370 levels offers key resistance and if the stock is able to penetrate these levels with good volumes, the next stop if Rs500 (no kidding, look at the charts :-)
Dear ROG! Wish you a very very happy and prosperous new year 2010! I feel happy and comfortable in company of the great boarders! Feeling very happy to see you on the board.
There is another stock that has not been doing well. That is Sujana Towers. I do not know whether you still hold it or have sold off. Genus I have recently accumulated when it suddenly came down to 140 level after the fire incident.
Godavari Power has done exceedingly well between your last message (592) in message board and reappaearance now. One thing is distubing me which is that for the last few days all sorts of low key stocks are flying. I am keeping my fingers crossed.
Please write in MMB whenever you get time out of your busy schedule. Jigs is nowadays writing in his blog.
The rewards of patience are always sweet..
Hold on to Spanco, it has entered into a different bull orbit.
Shivvani has crossed the key resistance of "Rs365" and its a very very positive sign. The Rs365 mark has been a `lakshman Rekha" for the past 5 months and as per the charts - the next stop is well.. far ahead. We will have to wait and watch to verify that the resistance is indeed broken.
Patni has a market capital of 1,500 crores and its trading at 450 zone for a FV of 2 so a FV of 10 you can calculate. Spanco Market Capital is already hitting 1,100 crores and a FV 10 trades at a P/E of 4.5 even at CMP for FY2010 and Spanco is in tie up with Samsung and IBM is providing high end IT to Power, Telecom, cross border BPO/KPO Communication systems, BSNL Number portability, RFID techniques, Nuke power plant IT enabled systems is constantly Improving EPS for FY2010 EPS is expected to be around 20-21 might suprise to 24-25 also depending on order execution
Fair Valuation at EPS of 20 should be above 300 zone and as EPS keeps improving or Order book improves the scrip market price has to reflect it FY2011 EPS should be in the zone of 30. Keep adding it on every dip
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93277 377 33...
Agree indeed a big multibagger as Govt of India is moving more towards converting various divisions from Dirty and Dust into IT driven environments and T&D of Power taking high end support of IT, Defence ensuring IT in various fields, Large Telecom networks asking for more and more technology driven areas. SPANCO Indeed would scale lot higher levels than one can imagine provided Management also gears up for the same (which SPANCO did) in the last 2 years it has laid down the seeds for the same. Not a Single Mutual Fund holds this share they will all join to make this share fly much higher as its EPS keeps growing in 2007-2008 it was at 288 now @ 86. Its EPS is much higher in 2010 than it was in 2007-2008 so it would trade at 300 zone eventually in the next few months once big mid-cap rally comes into play
| NIFTY 
