Online
|
|
some booster like bsnl`s order will stabilise the stock above 70... for sure in between....
Needs a higher closing tomorrow
Posted by :
prjayachandran
You can see the charts of Satyam Computers, Kavveri Telecom,etc. to see the magnificient rally that accompanies a good double bottom pattern.
Tomorrow, when the share price closes above Rs. 59.10, the double bottom will be completed.
The share price should move up to Rs.117 thereafter, with minor hiccups possible at Rs.60, Rs.70 and Rs. 85 levels.Of these, only Rs.85 is a strong resistance .
These resistances will be overcome with ease on its way to its short term (one to three months) target of Rs.117....
as expected firework started firing...how long we have to see......
i too feel that ... from tomorrow we can see fireworks......
Needs a higher closing tomorrow
Posted by : prjayachandran
I can explain what is implied by `Seems I will buy tomorrow`.
The formation of a double bottom is complete only if the share price closes above Rs. 54.05 on 3rd June, not otherwise. It seems that it will do so. Hence, consequently, the statement `it seems I will be buying tomorrow`....
Needs a higher closing tomorrow
Posted by : My Multibaggers
Quote - Seems I will finally be buying tomorrow. – Unquote
This is most comedy sentence I ever encountered sir....
Needs a higher closing tomorrow
Posted by : prjayachandran
I know I will be stating some well known facts:-
"Spanco Ltd had emerged as the lowest bidder for BSNL`s Rs 7,500 crore telecom infrastructure implementation and maintenance contract for the its west zone. It will get at least Rs. 3,750 crore worth of contract for being the lowest bidder with the rest going to the second- and third-lowest bidders.
Under the contract, Spanco will implement and maintain towers, generator sets, power plants, shelters, in-building solutions, electric cablings for BSNL`s west zone for seven years.Of the Rs 3,750 crore, it would get about Rs 500 crore for implementation of telecom equipment in the initial two years, while maintenance will fetch the company Rs 1,200 crore for seven years. It will earn the rest of Rs 2,000 crore for procuring and supplying equipment.
The deal will be finalised "within a month" and as per the BSNL`s tender norms."
As this news was of 09 May 2009, it means that the finalisation of Spanco Ltd winning Rs. 3750 crores of orders should occur by this Saturday (06 June 2009).
Technicals too are getting strong. If the share price closes higher tomorrow, it would have formed a `double bottom` pattern, which is a bullish one.
The stock price could zoom thereafter for both fundamental and technical reasons - fundamentally, on the formal announcement of news of it getting the Rs.3750 crores order (this is more than five times the Rs.667 crore turnover of the company has doneduring last four quarters).
And, technically, as the share price would have formed a double bottom formatiom.
I have been waiting out of this scrip to get final confirmation of its orders.
Seems I will finally be buying tomorrow....
August date for digitised ration cards.....The digitisation will be a public-private partnership with Spanco Telesystems.
Posted by : My Multibaggers
Posted: May 07, 2009 at 0302 hrs IST
After year-long deliberations, the state is set to roll out digitised ration cards by August. The effort got a fillip after 26/11 as the ration card is still the most sought-after identity proof and the one most prone to be misused. Pune and Mumbai will see these cards first; they will be replicated later in the rest of the state.
Each card will have a separate barcode, thus helping the government retain a complete record of the card-holder. The card will store information such as photo and fingerprints of the head of the family.
Principal Secretary, food and civil supplies, BP Pandey said digitisation of ration cards will curb the use of bogus ration cards. “There have been cases of people procuring more than one ration card,” he said.
The digitisation will be a public-private partnership with Spanco Telesystems. A meeting on May 12 will discuss the pilot run of the project in the state. Earlier, the project — scheduled by December — had run into bureaucratic delays following the change of guard in the state Cabinet.
The company has already collated the required information and the pilot will be run in some parts of Pune and Mumbai. “It is necessary to run it first in some tehsils and then slowly move on to big cities and then the entire state. We will have the pilot run for three months,” Pandey said.
Ravi Bhatnagar, vice-president of Spanco Telesystems, said it was up to the state government to give the green signal. “Once we have the go-ahead from the government, we can start operations from any of the food and civil supply offices; we also plan to have a nodal office in Mumbai,” said Bhatnagar.
The company has invested Rs 40 crore in getting the system in place. “The rationing system in the state will undergo a sea change with these digitised, bar-coded, laminated ration cards. The work includes data entry for the digitisation of the existing 180 million beneficiaries in the state,” he said. The company has deputed over 1,000 people to complete the field project and an additional 1,500 hands for data entry and digitisation.
The ration cards will come at a cost (see box).
Tamil Nadu, Andhra Pradesh, Orissa and Chhattisgarh have already implemented the system.
...
Book Vakue of Spanco is more than Rs.92.50/- (after considering fresh preferential allotment)
Posted by : My Multibaggers
Typo:
Read "Book Value" instead of "Book Vakue" in the head line...
Book Vakue of Spanco is more than Rs.92.50/- (after considering fresh preferential allotment)
Posted by : My Multibaggers
Add & hold Spanco for Target of Rs.90/- to Rs.100/- in short term.
Once Spanco get orders from BSNL, then confirm EPS for FY 2010 will be "Rs.20 PLUS".
Take the best decision....
Preferential Allotment of Shares to the Promoters and other institutional Investors @ Rs.40/- per share in stead of Rs.35/- per share
Posted by : My Multibaggers
S PAM c®
May 23, 2009
To,
Bombay Stock Exchange Limited
Pheeroze Jeejeebhoy Towers,
Dalal Street Fort,
Mumbai —400001
Dear Sirs,
Ref.: BSE Script code No. 508976
Sub: Proceeding of Extra - Ordinary General Meeting held on 23M May, 2009
Pursuant to Clause 3 1(d) of the Listing Agreement we hereby furnish the proceedings of the Extra Ordinary
General Meeting held today at 1L30 n.m at. M. C. Ghia Hall, 2nd Floor, Bhogilal l-largovindas Building, 18/20. K
Dubash Marg, KaIa Ghoda, Mumbai- 400001
The Meeting was attended by requisite quorum and following businesses were transacted:
1. Authority to the Board to offer, issue and allot upto 1,00,00,000 equity shares of Rs. 101- each on preferential basis with a revised price of Rs. 40/- per share.
The Members of the Company have passed a special resolution under Section 81(IA) of the Companies Act, 1956 and authorized the Board to offer, issue and allot upto 1,00,00,000 (One Crore) fully paid up equity shares of R& 10/- each of the Company, for cash, at a revised subscription price of Rs 40/- (Rupees Forty Only) per equity share (including share premium of Rs 30/- per equity share) to the Promoters and other institutional Investors, on prefereiitial basis, in terms of SEBI (DIP) Guidelines, 2000 as against the proposed price of Rs. 35/- (Rpees Thirty Five only) per equity share as mentioned in the Resolution number I to the notice dated 23 April 2009.
2. Increase in the limit of Investment by Fits in the Shares Capital of Company
The Members of the Company have passed a special resolution increasing the investment limit by Foreign Institutional Investors (Fits) in the share capital of the Company upto 49% of the total paid up Capital of the Company.
Kindly take the same on your record and acknowledge the receipts.
Thanking You,
Yours truly,
For S anco Limited
P mlyer
Company Secretary
...
Within next 5 weeks Another Tenders Opening from BSNL (IT - North & West Zone) of Rs.2500 crores orders will be announced
Posted by : tara23yes , it appears to be a probable candidate for BSNL.. we will wait and see.....
Within next 5 weeks Another Tenders Opening from BSNL (IT - North & West Zone) of Rs.2500 crores orders will be announced
Posted by : My Multibaggers
Spanco calculate tenders only on 12% to 15% expected EBIDT margin. Where as Infosys, Wipro, TCS has high margins expectations (can`t comment about Tech M)
I also think that Spanco will get part of Rs.2500 crores order from BSNL for North & West Zone...
Within next 5 weeks Another Tenders Opening from BSNL (IT - North & West Zone) of Rs.2500 crores orders will be announced
Posted by : tara23i think bsnl order will be thru to spanco only... ...
BSE Announcements on Spanco
Posted by : MMB MessengerSpanco Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company was held on May 23, 2009....
