Bampsl Securities-Chor machaya shor

Recently i have been getting a lot of mails from people whether they should buy "Bampsl Securities" since it “was now seeing a good momentum”.I knew little about the stock,except that its a penny stock quoting at 2-3 bucks.Since last few days,I had been getting tips about the company from several "knowledgable investors" claiming insider knowledge of some interesting developments.As a matter of policy I ignore all tips.Sometimes you lose a good opportunity as in this case;equally, though, you may be among the last to be tipped off.Then,as early buyers offload their stock,you are left holding the baby.I prefer to trust my own judgement no matter i win or loose.I have a particular distrust of rumours relating to promoters stuffs and all.

So with so many great people behind it i finally decided to have a glance through the company:who knows maybe the long awaited golden goose is there waiting for me.So with sheer excitement and trembling hands i finally stand infront of the golden goose,i.e,Bampsl securities ltd.So here we go:-

Bampsl Securities is engaged in the business of dealing in shares and securities along with financial services like spot financing, short term financial accommodation and similar other services.There u go:Finance,equities....the sizzling things of our stock markets..wah wah...."Aree ruko,yeh 2005 ke bad balance sheet kaha gaya bhai"misfortune starts no balance sheet after 2005...chalo koi nehi baki chiz dekhte hain..."Anmol hohinoor" ka sawal hain akhir"....

Oops.......stock splitted.Its a "FV 1" paid up company...dhatt tariki...equity blotted.Hmm let c whats more is in store of us.

Oh my god the promoters have offloaded more than 17% stake in just a period of 3 months.Maybe they paid their employees with it.Chalo sahi bat hain..

Hardly any reserves,any cash in book and it has procceded to reward its shareholders with a bonus,rights and a dividend of 2% too.Commitment bole to Bampsl..isnt it?I presume the company got some mega lottery like stuff and surprise surprise they are paying the same to u rather than pocketing it.Very impresive,round of applause please....

No loss in book too infact it earned a PAT Of nearly 7crs with 7.8crs turnover.Outstanding profit margin,ever seen a company with 90% profit margins that too a company like bampsl?Aree yeh kya...no sales?Oh the 8cr figure of turnover for 2007 fiscal is contributed by other income itself...Oh no..no sales?Aree no tax has been provided for 7crs PAT...I guess indian companies are entitled to pay 34% tax to the Govt of india.Hmm...yeh kya hua...kaise hua????????

So what is left to talk about?maybe they have got some land..maybe something hidden is there aree kuch to hoga?Nothing has been clarified...no topline no botomline...promoters reducing stakes in own company... its quite certain"The stunt is going on in the open gallerey"Do u wanna be a part of it?

AB TUMHARE HAWALE "BAMPSL" SATHIYO...............................



Regards,
ARUN
I can be reached at:arunanalyst@rediffmail.com