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Watch and Join FREE blog for long term portfolios : jalunm.blogspot.c om
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jalunmWatch and Join FREE blog for long term portfolios : jalunm.blogspot.c om ...
Buy ratings on bartronics from several brokerages - management retains guidance
Posted by :
harshmunjalStocks actually love to climb the wall of worries, and it seems that bartronics is on the same path, it can even surpass the target set by brokerages. ...
Bartronics offers half price for FCCBs (Source: DNA Money)
Posted by : Target2012Hi, I agree with you. This is one of the companies with good growth story. Should have this in the portfolio for long term benefit. I am accumulating this stock on every dip and forget about it for couple of years....
Buy ratings on bartronics from several brokerages - management retains guidance
Posted by : shilac
In the last few days, I have read 3 research report on bartronics all with buy ratings with different targets from 172-225. Above all, the management has reiterated their guidance for FY10 - "Bartronics has maintained FY10 guidance of
Rs10bn in revenue and Rs1.5-1.8bn in net profit. It expects FY10
EBITDA margin to hold at around 28-31%."
ICICIdirect - 172
Angel broking - 192
Anand Rathi - 225.
Since we have less than 5 months before the end of FY10, I think the mgmt knows somethings which we do not. Otherwise, how can they still maintain their guidance? They must be expecting more than 600 Cr revenue in the next 2 quarters. If the FY10 revenue is anywhere close to 900 Cr, the stock should double form the current levels and I will be the happiest person on this earcth :) Lets keep our fingers crossed and hope for the best....
Bartronics offers half price for FCCBs (Source: DNA Money)
Posted by : My Multibaggers
Of course, your investment will rip more than triple produce! Do some research & have faith and patience on your decision if at all you take any position in Bartronics.
Take the best decision....
Bartronics offers half price for FCCBs (Source: DNA Money)
Posted by : venkatagopal
Thanks for the info, My Multibaggers.
Is it worth holding?
.,venkat...
Bartronics offers half price for FCCBs (Source: DNA Money)
Posted by : My Multibaggers
Promoters & Promoters Group holding in last some years:
Dec 2005 = 8068950
Sept. 2006 = 8,568,950
Sept 2007 = 7,899,729
Sept. 2008 = 9,625,659
Sept. 2009 = 8,430,718
We can conclude that Promoters & Promoters Group holding is stable in between 80 Lakhs to 85 Lakhs throught the years since listing.
...
Consolidated performance for 1st Half of FY 2010.....
Posted by : My Multibaggers
Spanco Ltd is another call.....It`s BPO Buzz! This year is most successful year for BPO industry. 6 months EPS of Spanco is Rs.8.74 & annualized EPS is Rs.17.48.
Right now stock is trading at around 3 P/E ratio; i.e., Rs.53.60/-. This stock bounced from odd Rs.70/- levels to Rs.275/- levels in just 2 months in the year 2005 when Reliance bought 15% stake (approx.) in Spanco Ltd. Still Reliance Capital is holding 8,58,000 shares (3.06% stake) in Spanco Ltd. Further this year company will show 200% + growth in bottom line. Book value is Rs.108/-!!! Assuming just 5 P/E stock has target of Rs.90/- to Rs.110/- at any given point!!!...
Bartronics offers half price for FCCBs (Source: DNA Money)
Posted by : Guest
Unfortunately, the promoters do not seem to be as optimistic about the company as you are. They have slowly but steadily reduced their stake from an already low 39% on 31-03-08 to 29% on 30-09-09. A further 9% out of this 29% has been pledged against loans.
...
Bartronics offers half price for FCCBs (Source: DNA Money)
Posted by : My Multibaggers
Bartronics offers half price for FCCBs
Amit Tripathi / DNA
Bartronics, the Hyderabad-based provider of automatic identification & data capture (AIDC) technologies, RFID, smart card and point-of-sale solutions, is planning to buy back its foreign currency convertible bonds (FCCBs) from the market.
The company has about $50 million in the form of FCCBs and is already in talks with some of the bond holders for the buyback.
“We are talking to some of the bond holders. But, we are not in a hurry. Considering the market condition, we are looking for a good discount offer from them. We are looking at about 50% discount and unless we get closer to that discount range, we will not buy them back,” Bartronics managing director Sudhir Rao told DNA Money.
Market sources indicated at a plan of the promoters of buying FCCBs at a discount, while selling shares in the market. “Even if promoters are buying them back while selling shares from one side, I think it makes a good business sense. They are selling shares at a better rate and buying back the FCCBs at a discount,” Rao said. The promoters have been selling about 2 lakh shares every quarter since last eight quarters.
They hold about 28% currently in the firm. The company currently has a debt of about Rs 310 crore and a cash balance of about Rs 40 crore. Meanwhile in the second quarter of FY10, the company earned revenue of Rs 137 crore of which smart cards and solutions contributed Rs 40 crore and 97 crore respectively. Bartronics earns 60% of its revenue from the domestic market while the rest comes from Singapore and the US. The firm’s order-book of Rs 650 crore, however, remained almost static since the last quarter due to dip in order execution in Singapore and the US....
clarification reargding other income from Bartronics
Posted by : shilacAnother thing to add here is - I am holding 700 shares at a price of 190 ( I bought when the market was at 19000+). I had very high conviction about this company, but the mgmt is failing to live upto its promises. They have given a revenue guidance of 1000 cr and achieved only 335 cr in the first half. So, to meet the guidance , they have to generate a revenue of 665 cr in the next 2 quartrs, which is next to impossible. At least, mgmt should be open and transparent and come up with a revised guidance. I will see for 2 more quarters and if things do not improve, I will book my losses and get out of this stock because I am losing faith in the mgmt....
clarification reargding other income from Bartronics
Posted by : shilacThat would be unfair.. we can take it as 23-24 Cr, considering that the tax outgo was abnormally high. EBITDA is the thing to consider - it is 54 cr compared to 51 cr QoQ. revenue growth has been very bad. how can the mgmt give a guidance of 1000 cr? have they revised their guidance?...
Consolidated performance for 1st Half of FY 2010.....
Posted by : VIN5
Hi,
When investor community discusses cashflow, it is mainly concerned about cash from operations which is negative in case of Bartronics.This is the reason for not having high P/E. Which i expect to change in a year or two
I am a long term investor in Bartronics, otherwise i do agree with your analysis...
Consolidated performance for 1st Half of FY 2010.....
Posted by : lalit_lav
thank you so much 4 ur reply..
plz give other recommendation with buying level and target price with time frame..
.. :-)...
clarification reargding other income from Bartronics
Posted by : harshmunjalso we can very well reduce the profit figure for this qtr by rs.21 cr,as this can`t be repeated next time, actual profit that can be taken for this qtr is 35-21=14 cr...
