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Megasoft board Oks sale of unit for $13-15 mln
Posted by :
stocktobuy
MUMBAI (Reuters) - Software firm Megasoft said on Wednesday its board has approved sale of its BlueAlly division to Trianz Inc, USA, a wholly-owned unit of Trianz Holdings Pvt Ltd, India.
The board has also approved the price consideration, including value of outstanding receiveables, at around $13-15 million, it said in a statement to the BSE.
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Megasoft charts suggesting a breakout.......recommend a strong buy at CMP....Buy Buy Buy
Posted by :
trulyfairjust the charts or anything fundamental on this...
Megasoft charts suggesting a breakout.......recommend a strong buy at CMP....Buy Buy Buy
Posted by : world investor
The charts of Megasoft is suggesting a breakout at current levels...
I recommend astrong buy at current levels........
BUY & ACCUMULATE..
Posted by :
spidyhearThe stock has fallen below 21 levels. And since this stock is placed in Group T, the volumes are too low day-by-day. Any idea when they will pull this stock out of Group T ?...
BUY & ACCUMULATE..
Posted by :
HARSHUL(HUF)Hi friends.. First time the stock has follen below my recommended prices of 24.. Myself has accumulated this stock near 24 levels. though volumes r less.. dat the best indicator that there is no downside in the stock.. because the fall is not in volumes.. In view of that, I believe, under any circumstance, the stock can not fall below todays` low i.e. 21.55.. therefore, I once again keep and maintain my buy recommendation for this stock.. I will accumulate it too at any price below 24.. this is one of the best stock to accumulate in this fall.. Hold the stock for medium term.. because next quarters results will have huge EPS of atleast Rs. 16 per share (because of sale of its IT Division will get adjusted).. ...
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : trulyfairWell i havent seen the details yet but am wondering why profits are so meagre and why did they tank so heavily...
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : pk77Fortune favors the Brave! All the numbers looks +ve for the future..the company is performing on the ground..I agree with "World Investor" on his piece of research on Megasoft. It`s definitely a BUY......
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : world investor
Dear Guest, I have never till date posted a wrong information about any of the 50 companies I track....
Please see the quarter results and see for yourself and you will acknowledge that I have posted the correct figures.......
Megasoft (Buy/Sell). Opinions please ?
Posted by : pss5588world investor has posted the positives and the cream may be available in next quarter results( sale proceeds of 72 crs)so buy on dips in small lots BUT NOT ON BANK LOAN BASIS AS ENCOURAGED BY ANOTHER MEHMAAN....
Megasoft (Buy/Sell). Opinions please ?
Posted by : GuestAfter the loss posted this quarter, are there any positives of this stock ? Should one buy/sell/hold this stock at present. When will be this stock moved out of group T ?...
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : HARASBACHi All, check in NSE india website..i think world investor point of 227 crores for the quarter is correct. Also EPS has improved from .12 to .52....nearly 5 times...i think not bad...now we should multiply 5 times fromt he current price to new high...looks like 80 is the target..i think many has not looked into it but just saw the loss which was reported..dont know from where...Buy Buy Buy Buy...
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : GuestPlease don`t spread this kind of wrong information. The company has posted a net loss of Rs 9.48 crores....
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : stocktobuyit hasnt zoomed although i agree it undervalued stock...
In June 2009 net profit was Rs. 0.53 crores.....in Sep 2009 net profit is Rs. 2.27 crores....a 425% jump in net profit......Buy Buy Buy
Posted by : world investor
In June 2009 quarter results the netr profit was Rs.0.53 crores and Ib Sep 2009 quarter results the net profit was Rs.2.27 crores which is a jump of more than 425% increase in profits.
This is without the RS.72 crores gained from the sale of their subsidiary in the US,which is expected to be added in the next quarter results.
At current market price Megasoft is really undervalued...
I recommend investors to accumulate at current levels for a target of Rs.80............
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Megasoft (Buy/Sell). Opinions please ?
Posted by : pss5588mehmanji dont advise investors to take bank loan and buy shares, please....
