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Check Gayatri proj today. catch it now....
Prime reason for decline in this quarter results i think is the drop in Other income component from 35 cr to 0 cr..i think we should now start looking at net numbers-other...
BSE Announcements on Marg
Posted by :
MMB MessengerWith reference to earlier announcement dated July 01, 2009, regarding Financial Results for March 31, 2009, Marg Ltd has informed BSE that the two figures in the Consolidated Financial Results for the year ended March 31, 2009, namely, the "Net Income from Operations" being Rs. 70.09 Cr and "Other Income" being Rs. 36.16 Cr followed by the consequential changes has been revised in the earlier incorrect Audited Financial Results submitted....
What do you ppl think has caused PAT for Marg a setback in latest reults..??..and more worryingly, what caused drop in sales-consolidated....
BSE Announcements on Marg
Posted by : MMB MessengerMarg Ltd has informed BSE that about the financial results for the Quarter & Year ended March 31, 2009....
BSE Announcements on Marg
Posted by : MMB Messenger
Marg Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has transacted the following:
1. Recommended Dividend of Rs 2/- per equity share of face value 10/- each, subject to approval by Members at the forthcoming Annual General Meeting.
2. Noted the financial closure of Karaikal Port Pvt. Ltd, a wholly owned subsidiary of the Company for its Phase 2A, with a consortium funding to the tune of Rs 1095 Crores.
3. Noted the Letter of Intent for Rs 49.93 crores received for Quarrying and Transportation of Armour Stones for Construction of Breakwaters at L&T Shipyard cum Minor Port Project at Kattupalli, Tamil Nadu.
4. Accepted resignation of Mr. P M Shivaraman, Director....
Do you know what were the results, which were supposed to be out on 30th june.?...
yes it can move further...
yes agree looking @ 650 levels...
Good on LT basis.
Its a BUY n HOLD for 3 to 5 yrs.
Dividend to be considered on 30th june by the board....
GOOD FUNDAMENTAL STOCK MORE EXPECTING BUDGET .SHORT TERM RS 130 SURELY buy buy...
BSE Announcements on Marg
Posted by : MMB MessengerMarg Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 30, 2009, for approving the Audited Accounts for the year ended March 31, 2009 & may also consider proposal for recommending dividend for the financial year 2008-09....
Financial Freedom Of Our Life Marg....To Catch It.......Do Not Missed This Car...
Posted by : trulyfair
Checked out swarnahoomi doing ok types no loss is likely for them. They are expecting improvement next year due to ports and real estate and one more project.
We have to decide to hold at current prices or sell now (if the lower circuts allow) and then reenter later.
But 3-5 year hold maybe important...
Financial Freedom Of Our Life Marg....To Catch It.......Do Not Missed This Car...
Posted by : trulyfair
Decent points but which guy would like to buy for more when he can buy for less...
get the point? Why they are buying cheap.
What price points does everyone think we can start accumulating? ...
Financial Freedom Of Our Life Marg....To Catch It.......Do Not Missed This Car...
Posted by :
ValueInvestor00
Hi Friend,
Yeah, I am also an acutally bullish on Marg for "Long-term" view but in short-term, this def. has few concerns:
a) Why promoters are taking warrant at very less price?? If they have good plans and good business, then why are they not valuing their "own" company at respectable rate and take warrant at more rate than current share value?
b) On one side, promoters are increasing their holding and on other side they also pledge shares: Please read following news
Marg Ltd promoters pledge 12.78% stake as of March 31, 2009
MUMBAI: Real estate developer, Marg Ltd, said on Monday two of its promoters have pledged nearly 13 per cent stake in the company as of March 31, 2009.
Two of company`s promoters GRK Reddy and Marg Capital Markets have pledged in total 3,273,000 shares, aggregating to 12.78 per cent stake in the company, as of March 31, Marg Ltd said in a filing to the Bombay Stock Exchange.
GRK Reddy has pledged 2,198,000 shares representing 8.58 per cent stake and another promoter Marg Capital Markets has pledged 1,075,000 shares representing 4.20 per cent stake in the company.
Shares of Marg were trading at Rs 56.90, up 4.98 per cent on the BSE.
Something is really wrong.
3) It seems that they may end up in loss at their 1 billion dollar swarnabhumi project bcoz of real-estate slump.
This counter can be good to enter at around Rs.60 for long term....
