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`Buy` Oracle Financial Services Software, target of Rs 2,615: Firstcall
Posted by :
vishyram
Firstcall India Equity Advisors recommends `Buy` on Oracle Financial Services Software with a price target of Rs 2,615 as against the current market price (CMP) of Rs 2,286 (Nov. 18, 2009).
The broking house said, Oracle Financial (Q,N,C,F)* Services Software, a majority owned subsidiary of Oracle, reported a phenomenal rise in standalone net profit for the quarter ended September 2009.
During the quarter, the profit of the company rose 54.44% to Rs 1,718.10 million from Rs 1,112.50 million in the same quarter last year.
Net sales declined marginally 1.50% to Rs 5,366 million, while total income for the quarter fell marginally 1.50% to Rs 5,365.90 million, when compared with the prior year period. Company posted earnings of Rs 20.51 a share during the quarter, registering 54.44% growth over previous year period.
During the quarter, the operating margin of the company rose to 45.02% compared with 19.89% in the previous year period. Interest cost decreased 52.90% to Rs 235.50 million while depreciation cost fell 4.35% to Rs 101.10 million over previous year period.
Oracle Financial Services Software (formerly i-flex solutions) is a leading provider of applications and professional services for the financial services industry. Oracle Financial Services portfolio of offerings includes Oracle FLEXCUBE, a complete banking product suite for retail, consumer, corporate, investment, and asset management, and investor servicing.
During the quarter company added 12 customers while 20 customer projects went `live` with successful deployment of their products. A leading global bank licensed Oracle FLEXCUBE Messaging Hub to create a Trade Services Utility to enhance services to their customers.
During the quarter company launches a new release of Oracle Mantas Fraud to manage financial crime and fraud. A leading multi-national bank signed for Consulting Services in Japan.
During the quarter Q2FY10 company unveils new revenue management suite for banks. The topline of the company is expected to grow at a CAGR of 11% over FY08 to FY11E.
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Perspective on Market movement across the board
Posted by :
GuestNot greedy EU banks, US legislation forced them to buy 51% of the total savings they had in the US markets into mortgage products,the only way to apply was buy securitizated packages of mortgages, "developed / designed" buy bull shit so called wize guys on Wall Street, where the risk management and analisys on these products was done by again US rating agencies, which were controlled by the SEC and FED, meaning Wall Street families and the US Governement my friend.... ...
Perspective on Market movement across the board
Posted by :
seriouspro
Crisis was rooted in the US with asset bubble bursting but GREEDy banks/FIs that created this crisis were mainly from US/Europe. These are the culprits.
US Investment Banks
======================
Goldman Sachs
Morgan Stanley
Merrill Lynch
Lehman Brothers
US Retail Banks
======================
Citigroup
Wachovia Bank
Washington Mutual
Bank of America
Wells Fargo - not so much though
European Banks
======================
UBS
Credit Suisse
Deutsche Bank
Royal Bank of Scotland
HBOS
ING
Fortis (FORB-BT)
Northern Rock
Mortgage Lenders
======================
Fannie Mae
Freddie Mac
======================...
Perspective on Market movement across the board
Posted by : MumbaiGuestEnam research report puts 2011 EPS at Rs 137, TP is Rs 3160. Strong Buy indeed....
Oracle finance has given bullish pattern on nov 11, target 2509
Posted by : the-new-analystOracle finance has given bullish pattern on nov 11, target 2509, Time 2 weeks, Stop loss 2134...
Perspective on Market movement across the board
Posted by : Guest
3000 will be reached much before the march date u mention. will not be surprised to see than target getting reached in the next 6-8 weeks.Apart from fundamental factors, lot of technical factors in favour of this stock - very few stocks in the market today with this combination of strong fundamentals and technicals.
regards
Conficus
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Perspective on Market movement across the board
Posted by : Guest
I fully agree with your view on OFSS, however where did Europe come in regarding the Credit Crisis cause?
Subprime and the system banks were entirely US based ...
Perspective on Market movement across the board
Posted by : seriousproWhats happening in the Indian stock market this time is VERY different from the last run up in many ways. This is a TIME-TESTED healthy market bull run that has weathered the financial crisis tsunami created by US/Europe. Lot of smart people had been burned in that and now they are pumping real long term money into India. India buying 200 metric tons of Gold is showing genuine strength of our economy. This rally in Indian market is going to establish new support line for many stocks and our indices that would be hard to break. For I-Flex I see 2080 as a very strong bottom line protection. Upside to 3000 is very likely by March qtr results. Really a great company to own in this market. BFSI segment is going to explode in 1-2 years with so many regulations being imposed all over the world and age old legacy systems without close-loop monitoring have proven to be FAILURE. There is pressure from the board to get sophisticated software systems in place to survive, compete intelligently and succeed. STRONG BUY!!!...
Kotak Opportunities Fund bought 55,000 OFSS stock, buy now!!
Posted by : GuestYou missed it on the subject line. Kotak Opportunities fund......
Next stop 2500
Posted by : GuestNext stop 2500 ! Have fun. A brief pause and on way to 3000. ...
Kotak Opportunities Fund bought 55,000 OFSS stock, buy now!!
Posted by : sabyaWhich Fund of Kotak?...
Kotak Opportunities Fund bought 55,000 OFSS stock, buy now!!
Posted by : GuestTrust me, better follow Kotak`s moves regarding stakes in OFSS through one of their funds, this means something is expected on the positive side....short term target 2600, end of year Rs 3000!!...
Current year EPS 100, Next year EPS 135
Posted by :
rvbh
Why this sudden price fluctuation.?.Agree
that the upsides are enormous and buy is the signal at this price.Benefits either way....
Current year EPS 100, Next year EPS 135
Posted by : seriouspro
At PE ratio of 25 for high growth company, the least fair price is 2500. But wait. Consider the volume and supply and bottom price protection. Fair PE is 30. March/April 2010 price target is 3000.
March/April 2011 price target is 4000.
At today`s price of under 2000, you have 50 to 100% price appreciation in 1 to 2 yrs....
