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HUGE BENEFIT TO BARTRONICS - from UID
Posted by :
goldentip
"they require biometric device in large quantity" - why? For 120 crores, I think we`d need a maximum of half a million such devices at the most. Or may be less. Maybe just half a lakh.
Isn`t Delhi kiosk the same as Aap Ke Dwar? Why have you mentioned it twice?...
HUGE BENEFIT TO BARTRONICS - from UID
Posted by :
niravshah123
Well,
For UID if smart card is not issued than also to collect this details they require biometric device in large quantity.
Also,as a whole if you consider there is a lot of scope of barcode industry in india.
Regarding apke dwar as far as I am aware its rollout was planned this year end only.and I believe tht is the reason thy are not revising their topline.I would suggest wait for 1 yr to get more clarity.
The risk till tht date is very low as it has order of 600 cr + Delhi Kiosk + Apkedwar.
If order book is not increasing we need to think
...
HUGE BENEFIT TO BARTRONICS - from UID
Posted by : goldentip
vjtech, I am a shareholder, and I want Bartronics to be a multibagger but even I am concerned now. I see some genuine concerns raised by a guest here. First of all, the projections made by management look very superfluous. What they have said do not match so far in the first two qtrs. Secondly, some of us have been thinking that Bartronics will benefit from UID project but Nandan has clearly said that UID is not a smart card project. They will just create unique id`s and store as much information as possible for id holders, and later on this information will be used by subscribers right from mobile phone operators to banks to passport to PDS to NREGA, so on and so forth. So there is no smart card, there could be biometric id collection but that is not Bartronics` forte.
I do not know about the execution status of Aap ke dwar but what this guest says is worrying me.
Let us wait for some more clarity on all these aspects. I was cautiously optimisitic earlier, but now I am just cautious. ...
HUGE BENEFIT TO BARTRONICS - from UID
Posted by : PRRK
Friend It appears you are too optimistic on this counter. Keep your feet on ground. As per plan UID is not going to be card based. it is a simple unique number and this number you have to quote while applying for many other srvices like Passport, PAN card, Ration Card etc.
Hence, I don`t see any gain for Bartronics. As this technology is chaeap, many more competitor will come up....
HUGE BENEFIT TO BARTRONICS - from UID
Posted by :
vjtech
More than 100 Crore population to get UID.
It is never ending story - population keeps on adding and BArtronics keep on profiting.
NO CONCERNS - It is very Sure & 100% knowledge that, BARTRONICS will surely , heavily benefit from UID.
Please do not doubt and do not misGuide.
Benefit from each & every system - whether it is smart card ; or whether it is Biometric ; or whether it is just simple card.
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Major concerns ......
Posted by :
Guest
niravshah123 you are right dont see the stock going up and is good time for profit booking, the concerns mentioned given below:
1. Aap Ke Dawar : the project has not yet taken off as projected and the animal taging project has not yet been commssioned and handed over, this gives serious doubts on Bartronics delivery capability
2. UID is going to be an non smart card system as per UID chairman.
3. Bartronics has not a participant in any major smart card programs / projects under taking in Govt or Pvt sector again this gives doubt from where is the business comming
4. The deployed investments for acquitions is not contributing to the top line as projected
so let wait for the stock to bottom down
...
Good & Bad news
Posted by : Guest
1. the good news is that the stock will be volitale in the comming weeks & possiblity of profit booking, the news is the managments is scoting out for buyers in singapore and india
2. The bad news, as per sourceses a senior whole time director Venkateshwar Rao has moved out and set up a parallel plant which is replica of the existing plant with the blessing of the promotors of main promotors sujana group
3. There is a strong possiblity that the managment will make Bartronics bankrupt and the new entity will take over the reins for pea nuts
4. The managment has not yet come out clean on the acquistions on the turnover and business segments after repeated mails to the managment.
stock is good for profit booking but with caution
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BSE Announcements on Bartronics
Posted by : MMB Messenger
Bartronics India Ltd has informed BSE that the Board of Directors of Company have passed a resolution by circulation, draft of which was circulated on November 04, 2009 and duly passed by the Board on November 13, 2009, rescinding its earlier resolution passed on October 30, 2009 to call an Extra Ordinary General Meeting of members on November 30, 2009.
The Board has authorized its Management Committee to finalize the date, time and notice of the proposed Extra Ordinary General Meeting....
NSE Announcements on Bartronics
Posted by : MMB MessengerBartronics India Limited has informed the Exchange that the Board of Directors of Company have passed a resolution by circulation, draft of which was circulated on November 04, 2009 and duly passed by the Board on November 13, 2009, rescinding its earlier resolution passed on October 30, 2009 to call an Extra Ordinary General Meeting of members on November 30, 2009. The Board has authorized its Management Committee to finalize the date, time and notice of the proposed Extra Ordinary General Meeting. A copy of circular resolution shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
Buy Call !!!
Posted by : niravshah123
well I don`t see going stock down to that much level.
Following are major concerns.
1) Promoter redcuing their stake every quarter.
2) Before a year their order book was 1000 cr.not its 600 cr.
3) High Debt.
They are not getting the order bcs of recession in US and singapore.
Regarding the segment which they are working is absolute great....
Buy Call !!!
Posted by : OzzmosisEveryone is just going crazy over the guidance. However the 6 month results show that only 2.5BN in revenues has been achieved. the FY10 guidance is 10BN !! Is this company going to do 7.5 BN in 2 quarters??? the tax liability case is also going to come back as the amount involved is huge and will have impact on revenues!! that factor and failure to reach 10BN will bring the stock back to 110 levels with the current PE !! So be very careful. ...
Buy Call !!!
Posted by : Paresh_ds
Wait for a month & than Check it ... it is gng to get good orders.. Also as I mentioned do keep an eye on this stock.
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where it is headed
Posted by : akhilesshfriends can any one just tell what is the future of bartronics...
Buy Call !!!
Posted by : radhika_nandlal
Hi paresh,
Nandan`s pet project will mean orders for this company? How can you be so sure... generally govt is very discrete and discreet about such things which keep cash registers ringing. LOL...
Buy Call !!!
Posted by : novin
How do u explain the Rs.17 crores of unaccounted deferred tax liability as reported by the auditors. This number wipes out the complete profits of quarter ending Sep `09.
Be careful.. pl check before you jump into this stock. Also check on the potential for the present technology that the company is working on....
