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BSE Announcements on SPEL Semiconduc
Posted by :
Chellakani
The company is likely to be benefitted by the Smart CArd scheme which the govt is introducing for all Indians!
Target Rs 20/-...
Scrip up by 50% in last 60 days...
Posted by :
moneyman132Today I visted kashiwala`s blog and was pleased to find he has started posting again. Can you or ambrishkapoor request him to post his expert comment in this counter....
BSE Announcements on SPEL Semiconduc
Posted by :
MMB MessengerSPEL Semiconductor Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from July 24, 2009 to July 31, 2009 (both days inclusive) for the purpose of 24th Annual General Meeting (AGM) of the Company to be held on July 31, 2009....
This stock is going to be the biggest multibegger in coming time.Its high time for you to accumulate now.Just wait for the market to take the decisive upward direction & U`ll find it shooting up like a rocket.Happy investing.......
Because, they know well about Muthiah and family than you. Google about Muthiah and how he gave nightmares to investors of SPIC and other companies run by him....
Scrip up by 50% in last 60 days...
Posted by :
nitinpmani
Hi All,
About SPEL,
They are into testing the microchips and then installing them...
No value addition.. which can any time be set up by anyone with good capital..
There is no unique thing attached to it. Please give ur reasons supporting why an assembling facility should command such high premium price when the promoters are known for never sharing benefit with shareholders... given their track record of other subsiadries..
Regards
Nitin Parashar......
Scrip up by 50% in last 60 days...
Posted by : psve_minibullI had e-mailed Kashiwala about this scrip. He advised me to go on accumulating, increasing the purchases with every dip. Though I was afraid, I went on purchasing and my lowest level of entry was Rs.10.20. Now I am holding more than 2000 shares, sitting on a small profit. I am sure the stock would climb to the levels of Rs.25.00 or more shortly....
Scrip up by 50% in last 60 days...
Posted by : ambrishkapoor
even i dont know....i sent him mail but no reply :(
seen his blog too but no updates from long.
Still his scripts are all very sound and good. Other script he suggested was west coast paper, i am still holding it. Showing quite good steady performance (for long term investors)....
Scrip up by 50% in last 60 days...
Posted by : moneyman132by the way, where is kashiwala, have not seen any message from him on this counter for a long time...
Scrip up by 50% in last 60 days...
Posted by : robin_gupta35
current prise only 15 apx
target 22 to 25 in short term...
Scrip up by 50% in last 60 days...
Posted by : robin_gupta35rate of share 22 in very undervalue...
Scrip up by 50% in last 60 days...
Posted by : robin_gupta35
respected sam, ypur`s efforts are too good
ril also want to enter in semi cond bussiness
but he delay our projects
...
Scrip up by 50% in last 60 days...
Posted by : ambrishkapoor
grtt news Sam23, many thanks.
Observe carefully the statement here:
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To fully utilize this growth pattern, SPEL plans for capacity addition during this FY that will reap the benefits during the next FY. The Management is also exploring the European & APAC markets to further enhance the Customer base. The outlook is better than Gartner’s Q1 projections, when it forecast semiconductor revenue to decline by 24.1% in 2009. PC shipments came in better than expected, which led to an improved outlook.
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If it goes like this, i feel 1 yr target is not very far from 100 rupees or plus. Also, the IT minister is giving funds for chip/semi-conductors this yr.
Now, why the hell the FII/MFs/DII are not seeing this highly under-rated script!!?...
SPEL registers increased revenues
Jun 02, 2009
SPEL Semiconductor Limited, India’s first & only semiconductor IC Assembly & Test Company, has exceeded expectations considering the turbulent economic scenario. Announcing its audited results for FY 2008-09, SPEL reported sales of Rs.81 Crores (11.17% growth in rupee terms compared to last FY) with a PAT of Rs.6.23 Crores (17.25% lower compared to last FY). The chip market held up relatively well during the 1st half of the FY and the recession had a negative impact during the 2nd half.
The performance during 2008-09 was largely affected by lower sales during the 2nd half of the FY due to the global recession, reduced average selling prices thereby bringing down contribution and foreign exchange fluctuation losses. To combat this the Management introduced various cost saving measures including lean manufacturing techniques, working with vendors to reduce raw material prices, investment in energy saving equipment and stopping expendable expenses. Employees also well contributed through a 10% cut in their salary. By these measures SPEL stood up to the testing times and posted a positive PAT in spite of all the recessionary pressures.
The global slowdown caused by macroeconomic issues impacted consumer spending on all electronic devices, of which ICs play an integral role. However, this is certain to gradually recuperate in the coming quarters. It is estimated that after a 17% industry decline in 2009, a “boomerang” recovery will come about in 2010 with a total y-o-y increase of 17% expected the next year. To fully utilize this growth pattern, SPEL plans for capacity addition during this FY that will reap the benefits during the next FY. The Management is also exploring the European & APAC markets to further enhance the Customer base. The outlook is better than Gartner’s Q1 projections, when it forecast semiconductor revenue to decline by 24.1% in 2009. PC shipments came in better than expected, which led to an improved outlook.
Being committed to sustained long term growth, SPEL has been working on various long term measures such as building its cash reserves, identifying & training future leaders and market intelligence to derisk its market & application base. SPEL is committed to firmly establishing itself as the Natural Destination for global Customers seeking cost effective Assembly & Test services. SPEL’s ICs are used globally in applications spanning Consumer Electronics (Cell Phones, PDAs, Digital Cameras), Computing (Desktop & Notebook Computers), Communications (routers, switches & hubs) and Automobiles.
Audited Financial Results for the year ended Mar 31, 2009
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BSE Announcements on SPEL Semiconduc
Posted by : MMB MessengerSPEL Semiconductor Ltd has informed BSE about the Audited Standalone & Consolidated Financial Results for the Year ended March 31, 2009....
