Tueday, 2nd January 2007:
This is a financial arm of LMW group. The promoters holding is around 83%. The Company has zero Debt.
Product Name Sales
Brokerage 1.92
Income from Trading 1.75
Interest 0.28
Dividend 0.07
Current Price is Rs 9.45. The Book Value for mar 06 is 20.52. The current ratio is 1.96 for mar 06 with current asset 13.92 crs. The companies has equity capital is 5 crs and reserves of 5.29 crs. The management says it does speculate in trading and since 50 % of its sales comes from brokerage, the price is Rs 9.45 is a bargain.
Note:
Saturday, 6th January 2007: This company comes in Z category and I am having difficulty in buying it. Actually the price has come down to 9.1 rs.
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