The management has again come out with a bad result. What do they mean by the US subsidiary billing at cost plus basis. Is this going to be a permanent way they would bill? What does it mean to the company. why should a company that is not adding value increase the remuneration of its managing director. He is destroying value. Probably its a typical MNC way of destroying value and bringing down the share price before buying back its own share. Are there any members who can throw some light on the insider story?
Sooner you exit this counter the better.I have booked my losses.First they made us fools by demerger theory and now this cost plus theory.Don`t fight the management.If they have decided then they have decided.We are too little to carry this battle.There are other 7000 companies to choose from.Good luck.Happy investing.By the way I kept this share for 4 years and exiting at a grat loss.
Hi Thanks for the advice. Yes even I had it for 4 years and took a very big loss of 89% down on my investment. I sold it today. This is classic case of a company fooling its investors even though they had great value.
Dear friend, I am the employee here. The mgt is very bad and pays peanuts to employees and all money goes to managers. In last two years they have eaten so much of the reserves. please avoid the stock
Dear mr.anbarasu, i am also an employee at mps and the company is doing fabulously well in the current quarter. just wait for few months and the stock will reach previous high of of 500 above
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