A Penny Stock Idea - Jenson & Nicholson (India) Ltd.
>> Wednesday, August 6, 2008
Scrip: - Jenson & Nicholson (India) Ltd.
CMP: - 6.90 Rs.
BSE Code: - 523592
Market Cap: - 26.55 Cr.
Target: - 11 Rs.
Summary: -
This company is involved in manufacturing and selling paints for Industrial and decorative applications. It has 33 centers all over India with manufacturing plants at Naihati , Sikandrabad and Panvel. the companies financial have fallen drastically in the current fiscal year the company has managed a turnover of just 24 cr. The companies EPS and PE both are running in Negative.
Financials are not so good why is it a must buy ?
The story is that it has got lucrative real estates in form of its panvel factory land which has been closed.The company has further got some land in naihati where its operation has been suspended.If i add up the too the present marketcap of the company would look too little. Company has got lots of debts in its book which ARCIL has taken over aggregating to nearly 39% from IDBI, SBI, UBI, BOB and BOI.On words of the management," They are actively involved in the restructuring process and is likely to take over the remaining debts from other Banks and Institutions".Further AAIFR has appointed SBI Capital Markets Ltd. as Consultants to conduct the TEV study and valuation of assets. It is expected that once the process is complete, total restructuring plan made with the help of ARCIL will be submitted before the BIFR for their final approval.
Key Positive: -
Lots of land near Mumbai in Panvel.
Restructuring taking place.
Key Negative: -
Negative EPS & PE.
Not a dividend paying stock.
Less turnover every year.
Happy Investing.!
Help us growing Big and serve you better. Tell your friend about us .
0 comments:
Post a Comment