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"Wealth creation through systematic investment"

We all are investing to make more than what we have invested so that we can have more purchasing power in future.

Shared here are some of the ideas on how to create wealth out of your savings through systematic and organised investing in all spheres of investment portfolio. Effort here is to identify those areas where investment could fetch greater returns in long term perspective

We believe there should be mix of insurance policies, equities, bonds/ debt instruments, mutual funds, precious metals, real estate properties, loans in your portfolio to make your investment wealthy.

Investing in stock market, debt instruments, mutual funds, real estate without proper evaluation are prone the risk of 'loss of capital' due to general financial risk of market, promotors & operators not acting in bonafide interest of small investors etc

The issues posted here are only a fig of a tree and investor who are investing their hard earned money are advised to independently analyse the issues or consult an investment advisor before making any decision.

"CAUTIONARY NOTE" - this blog is not responsible for any loss, whatsoever . please do consult an investment advisor if your not able to evaluate the investment / economic / risk scenario independently

feel free to contact us at
sherkochiraj@indiatimes.com or at rmanjuesh@gmail.com


Sunday, May 16, 2010

Spanco Result updates

Great results EPS actual 23 against 21 estimated

Particulars 2009-10 2008-09 Growth

Turnover 1191.08 672.95 77%
OProfit 140.08 60.27 132%
NProfit 64.70 20.29 219%
Sh Cap 28.065
NPM 5.43% 3.02% 241basic point
EPS 23.05 7.22 219%

the share now trades at Rs 119 at PE of 5.16x against peer PE of 18x and below its Book value of Rs 149

Though there was no announcement of dividend or bonus along with results declaration (15.05.2010) one can expect dividend payout of Rs 3 per share along with a bonus of around 4:1

one can expect a PE of 14x for the stock ie an target of 323 based on performance during 2009-10

1 comment:

  1. excellant pick now at 105, with results for jun qtr nd dividend / bonus news the stock is likely to jump to 180 by mid august

    ReplyDelete

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