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I cannot understand why this company has not published unaudited result for quarter ended in Mar 31, 2009....
When news of "Lowest bidder for BSNLs Rs.3750 crores Order" came in Spanco counter; it come up from Rs.31/- level to Rs.61.90/- level in very short term.
Now confirmation about getting actual order in hands never coming either from Spanco or from BSNL.
Markets are also drifting lower day by day because of upset budget announcements. Govt. increased some taxes, like MAT, etc which will hit EPS of RIL by 6% to 7%. Infosys is likely to downgrade its Rupee earnings tomorrow when it will announce results.
I think after considering all these factors; Spanco can again go to its previous levels of Rs.28/- to Rs.31/- in short term. Volumes are also low. No interest seen from traders.
So wait before averaging.
Take the best decision....
Don`t know when confirmation of Rs.3750/- crores order will be received from BSNL!
Posted by :
niki123
Very soon this stock will go below 15.............
employee spanco...
Don`t know when confirmation of Rs.3750/- crores order will be received from BSNL!
Posted by :
My Multibaggers
Volumes are very low because of its transfer in to "TS" group. Don`t know when confirmation of Rs.3750/- crores order will be received from BSNL!
Looks like Spanco will remain in the range of Rs.40/- to Rs.54/-...
Technically, the share price is soon likely to show a upward spurt in price.
Let us await the upward spike....
BSE Announcements on Spanco
Posted by : MMB MessengerSpanco Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 10, 2009, inter alia, to consider and approve the audited accounts for the year ended March 31, 2009 and recommendation of dividend, if any, for the said financial year....
All the IT firms eyeing this deal - players like TCS, Infosys, Wipro, HCL Technologies along with smaller players like Spanco, Bartronics, Gemini Traze and NXP Semiconductors.
Posted by : tara23thanks for your views on this .....
All the IT firms eyeing this deal - players like TCS, Infosys, Wipro, HCL Technologies along with smaller players like Spanco, Bartronics, Gemini Traze and NXP Semiconductors.
Posted by : My MultibaggersIn that also Bartronics is 101% beneficiary because of their expertise in "Biometric Technology"...
All the IT firms eyeing this deal - players like TCS, Infosys, Wipro, HCL Technologies along with smaller players like Spanco, Bartronics, Gemini Traze and NXP Semiconductors.
Posted by : My Multibaggers
Promoters of CMC are TCS people. & if TCS gets something, then indirectly CMC will get offer of partnership from TCS. And Vakrangee is also beneficiary in case of TCS win, because they already partnered TCS (Rs.60 cr. order) in Passport project.
So indirectly CMC & Vakrangee Soft. are in second leg of selection process. In first leg Infosys, Bartronics, HCL Tech, Wipro & TCS are the real potential beneficiaries.
In that also Bartronics is 101% beneficiary because of their expertise in ...
All the IT firms eyeing this deal - players like TCS, Infosys, Wipro, HCL Technologies along with smaller players like Spanco, Bartronics, Gemini Traze and NXP Semiconductors.
Posted by : tara23already two names are floated cmc and bartronics... is there any news to that extent.?...
All the IT firms eyeing this deal - players like TCS, Infosys, Wipro, HCL Technologies along with smaller players like Spanco, Bartronics, Gemini Traze and NXP Semiconductors.
Posted by : My Multibaggers
June 26, 2009 08:53 IST
The Unique Identification Authority of India, to be headed by Nandan Nilekani -- who has decided to step down from the board of Infosys Technologies to head this body -- will have the responsibility to lay down plans and policies to implement the Unique Identity card scheme and shall own and operate the UID database.
The authority was notified on January 28 this year as an attached office under the aegis of the Planning Commission with an initial core team of 115 officials and staff. The scheme will be implemented in three years.
The UID project, however, has been in the offing for over six years.
For instance, in 2008, the government implemented a pilot project for a `multi-purpose national identity card` in 13 districts of 12 states and one Union Territory wherein more than 1.2 million identity cards were issued to people above 18 years of age. Besides, to facilitate the project, Section 14A was inserted in the Citizenship Act, 1955 to issue a national identity card to every citizen of the country.
The necessity for a centrally-issued ID was accentuated by the growing problems of illegal immigrants in various parts of the country. However, the events of November 26 in Mumbai accelerated the setting up of the UIDAI.
The body was set up on January 27, 2009. The initial phase of the project is expected to cover nine states and four Union Territories.
The UID will be issued to people living in the coastal villages of Gujarat, Maharashtra, Goa, Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Orissa and West Bengal. The Union Territories of Dadar and Nagar Haveli, Lakshadweep, Puducherry and Andaman & Nicobar Islands shall also be covered in this first phase expected to deliver the identity cards by early 2010.
The government has earmarked Rs 100 crore (Rs 1 billion) in the interim budget to kickstart the UID project. This pilot is expected to be on the lines of the social security number in the US and will help in identifying and providing better services to below-the-poverty line residents.
Industry estimates indicate the entire project will be worth at least Rs 10,000 crore (Rs 100 billion). It`s a transformational project for the country as it will overlay many underlying projects, creating huge efficiencies for the country leading to enhanced governance and reduced costs.
The project envisages assigning a unique identification number to each resident in the country to eliminate the need for multiple identification mechanisms.
Moreover, the project will eventually become the underpinning of the Citizens Smart Card Project, which will enable citizens to avail subsidies on food, energy, education, etc, depending on their entitlements, according to the 11th report of the Second Administrative Reforms Commission.
The unique ID will require creation of a database that links an individual to unique identifier that remains constant over his lifespan, like parentage, date and place of birth. The card automatically gets activated as a voter identity card at the age of 18.
The identification will act as a check against illegal immigration into the country as it is a serious threat to national security. The project lays special focus on the border areas of the country with illegal immigration in mind.
Almost all the firms with an India focus will be eyeing this deal -- players like TCS [Get Quote], Infosys [Get Quote], Wipro [Get Quote], HCL Technologies [Get Quote], along with smaller players like Spanco, Bartronics, Gemini Traze and NXP Semiconductors.
All about MNIC
The `Multi-purpose National Identity Card` is a smartcard with 16KB of memory, designed to be in line with specifications laid out in ISO/IEC 7816 and Smart Card Operating System for Transport Applications. The cards are designed to retain data for at least 10 years.
The identity card has a microprocessor chip (imported) with a memory of 16 KB which is a secure card. Besides having several physical features in the design of the card, it is the cyber security using `asymmetric key cryptography` and `symmetric key cryptography` that has made the card secure against tampering and cloning.
The National Informatics Centre has made a major contribution towards developing the processes for database management and smartcard technology.
"A 16KB card will not hold much if the scope of data in the smartcard is humungous. An ideal memory would be around 64KB, which will help the government make the card have enough space to accommodate all service links," said Niju V, deputy director (automation and electronics), Frost & Sullivan.
Nevertheless, the project is certainly huge. Each card alone (the plastic and micro-controller chip) would cost around Rs 30. But if you add applications and other features, the cost almost doubles since it involves systems integration by IT companies, which accounts for a major part of the card`s cost.
(Source: BS)...
Technically, the share price has a very strong support at Rs.40- Rs.42 levels. I was waiting for these levels to be reached before buying into the shares. Also to see the quarterly results which should be out before 30th June. Since the Dec 08 quarter results were bad, I supposed that if Mar 09 quarter results are bad too, Rs.40 levels could be tested.
However, the share price seems to find support at Rs.45 levels for the time being.
Also, the promoters subscribing preferentially to one crore shares at Rs.40 also would ensure that Rs.40 levels would not be breached.
In any case, the share price is close to its bottom, if not at the bottom.
If the BSNL order gets allotted and the company does Rs.1000 crore turnover for a full year, net profit of Rs.60 crore should see the diluted EPS at Rs.20.
Great buy today, considering the future ahead....
Thanks My_Multibaggers!
Thanks to you for clarifying the information.
In that case, the net profit would be Rs.60 crore on a Rs.1000 crores turnover yielding an EPS of Rs.20 on a Rs.30 crore equity.
Regards....
Mam,
As per management clarification net profit margin will be 6%.....not 15-18%.
Regards...
This is a buy-and-hold stock and not a fast-mover.
The fall in share price from your purchase has been with reducing volumes, indicating that only few people who are in dire need of cash are selling.
The company expects to do Rs.1000 crore turnover in its first year after winning the BSNL order of Rs.3750 crores. Award of BSNL order to Spanco should be announced soon.
The company expects to have a 15-18% NPM on this turnover meaning a Net Profit of about Rs.150 crores on an annual turnover of Rs.1000 crores.
Promoters have recently allotted themselves 1 crore shares at Rs.40. This will increase their stake in the company to 65% from the present 33.80%. Remember that this means that the promoters are confident of the company`s future and also that Rs.40 is considered cheap price for the share by them.
However, the share capital of the company will also increase to Rs.30 crores from the present Rs.20 crores. If a net profit of Rs.150 crores is achieved in a year, the EPS would be Rs.50 (not considering any further equity dilution).
Keep the stock for a few years. It has a bright future ahead....
