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
good one.... really interest... earlier i used to dismiss such unknown financial services firms... bit i guess we should dig into unknown companies... u never know when we might stumble upon a gem.. by the way did you see my post regarding sturdy industries...
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