Looks can be deceptive goes an old saying. And this saying is also applicable to the stock market and the way we look at financial data. This post is not about any sector which is niche. Nor is it about some opportunity which we dont recognise.
It is simply the visiblity of data which makes this company interesting.
Finaventure Capital by the looks of it or rather the name of it seems to be just another company in the financial services domain with absolutely terrible financial results on standalone basis. However, for the real picture you will have to look a bit deeper into the consolidated numbers. This is because Finaventure Capital by itself is a shell company but it holds a pharma company as its subsidiary. The ownership of this company changed hands sometime in August 2009 and from then on it is actually a pharma company with a name which suggests it to be a financial services company. And that pharma company has come out with fantastic results for the year ended March 2010.
I dont think there is any rocket science in this story. As I said its just about visiblity and I was lucky to see the results and thought it may be interesting for all of you as well.
So here are the links for your reference.
1) Change of ownership - Open offer
2) March 2010 results (Look at the consolidated number) - Link
The name is soon going to be changed to Aasda Medicare Limited. Necessary approvals from shareholders were taken in March 2010 through postal ballot.
Though during the last few days the stock price has run up somewhat but I still think its a buy.
Happy investing
Monday, May 10, 2010
Pioneer investcorp (Update)
This one is a quick update about Pioneer Investcorp.
I have received a lot of mails regarding my post on Pioneer Investcorp. Most of them pertain to the fact that the post does not seem to give a clear direction as to what needs to be done. So, I just thought would put in a quick word about that.
Please read the last part of the post which I am pasting for reference.
"..................Thus I feel that though the company is undervalued but to say that it will be a 10 bagger is probably not correct. I think the fair value of the stock is around Rs 100 to Rs 110 which could be reached if the next 2 quarters results are good. Personally I would like to wait for the next 2 quarters results."
So its a clear buy at these levels for targets of about Rs 100 odd.
I have received a lot of mails regarding my post on Pioneer Investcorp. Most of them pertain to the fact that the post does not seem to give a clear direction as to what needs to be done. So, I just thought would put in a quick word about that.
Please read the last part of the post which I am pasting for reference.
"..................Thus I feel that though the company is undervalued but to say that it will be a 10 bagger is probably not correct. I think the fair value of the stock is around Rs 100 to Rs 110 which could be reached if the next 2 quarters results are good. Personally I would like to wait for the next 2 quarters results."
So its a clear buy at these levels for targets of about Rs 100 odd.
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